Two Systems Revealed Directly From The Creator - Let's Talk Trading Systems. I spoke to Jake Bernstein and asked if he had any updates to his Stochastic POP Trading Method. At the bottom of the page is a PDF Jake published a while back (Please read for basic rules, which also Includes a New Method). I’m Labeling the Original method Stochastic Pop Method 1, and...
well this is my first chart idea ever so just wanted to show everyone, and maybe get some feedback. :)
Here is another strategy code for Jake Bernstein's Stochastic Pop and Drop. Follow the link - Unfortunately, I do not have any videos on how to use these, The Link for reference posted with the Script will give you enough information to trade. Enjoy... UCSgears
Stochastic and Volume are showing good signs of a probable imminent reversal. The med term macd though is still bearish. My belief is that the price will retest either the 12/03 minimum or the EMA50 before rallying to an other high. If you believe that this is a good long opportunity; I suggest to wait for one of the two ipotesis to open at a cheaper price and...
The S&P 500 made a possible continuation signal from Wednesday's trading session. While it did close back above 2095, I am concerned about the candle it formed. This gives an edge to the sell side to continue its move lower. It may attempt to move to 2100 but that has a chance to be short lived.
The market has made a nice move upward from the triangle breakout. It has now moved to the top of the channel and is looking to make a test. The indicators are all overbought. The price pattern is fairly weak.With the VIX being low and the leading indicator (Russell 2000) also showing a signal of topping out, the odds are higher for this to test 2095.
we are working our way from the bottom of the bollinger band to the top of it. this is also confirmed by the stochastics. fundamental events up ahead include BoE's decisions(expected to be no change), announcements by BOJ and NFP tomorrow.
Short term bounce setting up. RSI and stochastics are almost oversold and there is some bullish divergence when looking at the MACD. Also 200 EMA is just below the current price along with support that has been in play for a while. Currently trading right on the 0.382 fib retracement. Anything could happen but it looks like BIDU is setting up
See how this dip forecasts the strength of the next move above overbought.
See chart for target. Also, a good company that looks to do well in the future
Price opened above 9 day and 9 was above 50 - buy signal CCI was in overbought territory, pointing upwards but with nowhere to go - out of momentum? Stoch - Both pointing upwards, kind of. Fast Stoch showing overbought, the cross had taken place 3 days prior and the move from that signal actually took place on the buy date. The 9 crosses below the 50 overnight on...
Hi Traders, As I posted just few minutes ago, I expect and hope to see one more high coming into play before we see him going lower. Looking this daily chart, we can see that we are in a very strong resistance zone, BUT I think that we can make a new high, scare a lot of traders and then reverse lower. This is what I expect and I will trade this (if he makes new...
Hi Trades, I was just looking this morning this Gold Monthly chart and when I looked the indicators I really liked it. By looking Stoch we can see that he blue line crossed the red line which is a bullish signal and RSI is breaking the second trend-line. Keep this in mind. However, just a break of 1.300 I can see Gold going to 1.500. Bellow 1,300; I don't delete...
Hi Traders, USOil has reached the level that I have been saying for weeks which is 45.00. The reason why I was watching this level is because of a very strong trend line which start in 1998. However, this does not mean I am long or looking to buy, but its an important level to watch very closely! The reason I dont want to be a strong buyer is because of the...
Using a combination of momentum indicators, it appears the S&P still has room to run down but there is good support in a Fibonacci cluster at 198.
Similar to AUD/CAD, AUD/CHF is setting up for a short opportunity with the following in view: - inside bar following high test bar in pull back to 50ema - price rejection at resistance at ~0.8210 - price retraced to 0.618 Fibonacci level which coordinates well within proximity of resistance at ~0.8210 - Stochastic and RSI in overbought territory - Stochastic and...
Confluence of factors for short set up: - resistance at ~0.9590 (also weekly resistance) - inside bar formation in pull back below resistance - 0.786 Fibonacci retracement/rejection - hidden divergence (bearish trend continuation) entry - below low of inside bar stop loss - above mother bar target - previous swing low or 1.272 Fibonacci extension