Oil looking to shoot up now from here, avoid selling now
Educational From tonight on, I'm going to post a journal regarding a Breakout and bounce entries that where possible during the day, to help new and pro traders to modify their strategies for better results. Basically a lot of rumors on the market, what is working or not. But guys, the main problem is not in the systems, or in a cover-up idea, but in the raw...
another cypher pattern after the retail sale data published just some minute ago... fibonacci retracemetn level 0.764 touched and now targeting for 1.083 in the next hours
Hi, traders, I only want see what people think about friday NFP, don't post stupid answers like ( nobody know this or something else ) it's only normal trading question.
Google made the same pattern for the 5th time in a row after earnings reports. The price finds it’s way to a key moving average, earnings reports are due, then the price gaps, make a “U” shape, and finds it’s way back down to fill the gap. If the “U” shape plays out them building a short position near the top of the next move seem like lower risk with a higher...
Posted this a while ago, then noticed i have posted it in private... advices are welcome !
price is making a corrective structure. this structure could be the one we want in order to take the short and let it run. i think the must possible thing is that the structure keep developing today and it will be finished by the next week. but anyways it could break out today. so keep an eye on it and do not miss the break out, no matter if it breaks today...
The chart shows a recent gap up with a bullish engulfing pattern. The MACD indicates bullish divergence with higher lows while the chart was making lower lows. Additionally, the chart gapped up over the 50 day moving average and has a lot of room to run.
This is a triple stochastics script with stochastics in Fibonacci sequences 55,89,144. I have also added colors to indicate the angle or direction. Up is green and down is red. All three the same color and at one extreme are good indications of high probability trades. You can also use these like stochastics using the traditional 20-cross or 80-cross. As...
-------------------------- 29/07/15 Update ---------------------------- Profit Taken ------------------------------------------------------------------------------ USOIL has broken up MA50. It may retrace a bit until 48.2.
AS YOU CAN SEE PRICE IS BEING BULLISH. SO, I AM LOOKING TO BUY THIS PAIR. PRICE IS MAKING AN ABCDE TRIANGLE, AND PRICE IS JUST AT THE 61%FIB LEVEL. ALSO, MACD IS SHOWING DIVERGENCE. SO I AM EXPECTING A BREAKOUT TO GO LONG. PRICE MIGHT BE DOING ANOTHER STRUCTURE RATHER AN ABCDE TRIANGLE, SO IF PRICE GOES DOWN, I WILL BE LOOKING FOR ANOTHER TRADE SET UP. WHAT...
Confluences: 1/ with the recent formed downtrend 2/ Broke TL + retest 3/ Tested the 130.000 weekly resistance 4/ Bounced of the 50% fib. 5/ high test, followed by inside bar set up, followed by another high test 6/ 50 & 60 EMA's bounce
the short term short position on the GBP/USD failed because of news coming out. But my other trade GBP/NZD took a lift because of that same news. This is a killer Confluences : 1/ with the trend 2/ Nice long legged doji 3/ testing support level 2.3 4/ bullish MACD divergence 5/ we are coming of a double bottom at 2.273
As you can see, GBP/USD bounced off the uptrend line AND the bollinger band's bottom. I believe that we will test the middle of the bollinger band next week, which is around 1.5650 right now.
Drawn S/R on W1 very strong levels, Fib retrace shows 38.2% reversal occuring CCI Dropping. First target 23.6% - Second 0% - Stop on kumo support but will we test it at all? who knows :)
The Doji marks the bottom of todays trading. Up, up and away gold soars. Expect a higher RSI than the last peak. $1202 is my target. The doji at the bottom on 6/5 saw Gold rise by $30 soon after. Good Luck