Standard Bank Group Ltd. is the ultimate holding company for the group’s interests and is a leading African financial services group with South African roots. The group is South Africa’s largest banking group by assets and currently operates in 20 countries in sub-Saharan Africa. Their strategic position enables them to connect Africa to other selected emerging...
The index aggressively crossed the 1W Channel Up to the downside last week (RSI = 36.642, MACD = -236.100, Highs/Lows = -527.9643, B/BP = -1241.7760) presenting the first such correction on S&P since March. I has however found support near the 0.618 Fibonacci retracement level on 1M (monthly). Also the Monthly Higher Low supporting line is just below, indicating...
Looking at $WUBA's last earnings (beat $0.12) and revenue (beat $22.26M / +36.4%) on 5/24 - I see that it is currently trading below the 2x standard deviation band on the linear regression line. I'm going to monitor for entry in the next couple of days and scan for news related to this company. Looking to swing trade some Calls as it re-enters the linreg bands.
$GDI - Looks to be far out of the linear regression 255-day - 2x standard deviation band. I haven't found any negative press upon an initial screening, so I'll prepare tomorrow morning to search in depth to find more news / catalysts. Otherwise, I plan an entry into some calls while I BTFD.
6/14/18 GDI is going to perform a presentation at a conference. I'm...
Nasdaq 100 Index NAS100
Although we managed to squeeze 299 points out of this short
yesterday we could have got another 150 or so more had we
stayed with it al the way down to the dynamic which has once
again saved it. In doing so it has fallen 11% (6258 is 11% off
the top, the low was 6254, not bad). A standard 'correction'
runs to 9-11% and a bigger one...
Our EMA (the blue line) is a great support and resistance line for an uptrend or downtrend in price action. We can use this to our advantage.
After a bit of studying the price action, I found that during down trending price action, if one of the red candles deviates from our EMA by around $1000, it is almost always likely to jump back to the EMA.
I indicate...
Hey guys
So right at EOD today the SPY pulled above the resistance line we have been watching for a few weeks. The green arrow represents my expectations. Since we closed above the resistance I'm expecting it to act as support. The yellow lines represent other possible situations you should watch for.
Thanks! Good luck!
A solid Gartley pattern to be completed with a lucky drop in value by the euro hopefully early this week.
I have my entry placed on the point D , my stop placed at structure just below point X , in case the market decides to retest X . and Finally i have my limit placed at the 1.618 extension of the BC leg.
S&P 500 GREXIT SHORT WEEKEND PLAN
Wait for rise into 2080s then enter short with stop at 2096
Bet is that weekend chaos ensues causing a drop into Monday
S&P 500 - It's Tea Time - Cup and Handle Formation in Afterhours
Shallow cup and handle formed after the close.
Entered long at 2049 stop 2030 take profit targets above 2096
So in order to protect yourself from major losses when trading in Forex, often times you might want to hedge your trade by placing the opposite order for a similar pair.
This is an example of such situation , we have a perfect wave set up over on the Eur/Jpy charts that we entered earlier today. While that trade is still open , sometimes i get nervous about...
Hello Everyone , today i have found a small bat pattern on the 15 nzd/usd charts. I originally found this pattern on a 3 min chart, but since i don't trade that low of a time frame, i backed out and found it still valid on the 15 min charts.
I have my order as follows:
Limit at point C
Entry at point D
Stop at point X
I believe if i stay within the structure...
So the deal here is DO NOT TRADE THIS WITH ME. I have never traded a deep crab pattern , therefore i don't know how it is going to work and i have no basis to share with you, but this is a learning experience for all of us.
I have placed my entry at some structure down near point D , it seems like pretty secure resistance, so i decided to mark that (in green) as...
Here we have a developing cypher pattern on the Swiss verses the US dollar. This pattern agrees with my strategy where the bearish pattern completed in the positive deviation area of both the last 100 and 200 moves. this pattern is likely to rally down into the negative deviation , but i have placed my limit at the .618 extension of the BC leg, because i had a...
TSX HSU S&P500 2X BULL ETF
Closed my long position from 8 days ago with 3.88% gain
I'm not holding out hope that we will retest the May 21st high anytime soon.
I see more ranging ahead or even the long anticipated 20% correction before end of summer.
I'm now on the lookout for a short entry point using HSD.TO 2X Bear ETF.
Limit: 1.6518 extension of BC leg
Entry: point B
Stop: Point X
Thanks for stopping in, im trying to keep it short for you guys , for more information or how i got to this conclusion , message me or comment on the post.
Please like comment and follow me for updates and more trades, As always Good Trading Everyone.
