This trade setup is pretty simple and doesn't require any rocket science. McDonald's, or MCD, is a component of the DOW30. MCD has been in a trading range on the weekly chart for quite some time now. We are currently at the bottom of this range, providing an excellent opportunity to get long. I'm using covered calls in this name to get long the stock at as cheap a...
USO has broken it's uptrend a few weeks back, and since has been heading violently lower with no signs of stopping, at least not yet. Not in my eyes. I had a plethora of converging indications, so I've marked them in the chart A - F, and then explained my trade setup. Good luck. A) RSI has broken above the 35 level, but this is likely because it bounced a bit...
The idea here isn't very difficult to understand. DAL has made a run up from $35.51 on August 8th, where we saw a bounce off the 150EMA, a personal favorite area to get long for me, especially looking at the weekly chart for this. Anyways, from the top down: 1) Bullish RSI Holding 60 Support 2) Established Uptrend - Long Term 3) Bounce off 150 EMA 4) Long $4.46...
The idea here isn't very difficult to understand. DAL has made a run up from $35.51 on August 8th, where we saw a bounce off the 150EMA, a personal favorite area to get long for me, especially looking at the weekly chart for this. Anyways, from the top down: 1) Bullish RSI Holding 60 Support 2) Established Uptrend - Long Term 3) Bounce off 150 EMA 4) Long $4.46...
ACT testing previous resistance, and this time it is coming on hardly any volume in relation to its daily average. The most recent decline had noticeable volume to go with it, and there seems to be nothing behind the ascent to keep price pushing any higher from here. With hanging man patterns - I look for a sell stop 1 penny below the low of the day and go for a...
Good opportunity for a long position with LPI as there have been 2 pin bars back to back on good volume at this very nice support level. I would look for a retest just below the highs of the previous gap down. Institutional traders should be looking at this stock as a good spot to jump on in or add to any existing positions.
I just noticed these angles lessening on the detrended price oscillator, right near some crossovers and Stoic RSI being overbought with the second bactrian hump coming into play. $465s again?
Bullish momentum divergence occurring at a major support level for CVX which also happens to be hitting the 100 SMA. A couple of candles of indecision make it look like CVX could be prime for a climb to its newly formed resistance level.
Testing former support lines in T-minus 19 hours and counting.
I'd sell if I was long under this price. But I'm not. So take that with a grain of salt.
I really don't have much to say ... But I am happy that my remaining sells all triggered at $605 while I was being evilly trolled by the $1000 bulls. And except for a few morsels left that I trade altcoins with, I'm 100% out, til the bottom, then maybe I'll come back out and play.
I can't say I'm bullish on BTC... and I did fortunately liquidate my mining slush pool at $595, but I didn't necessarily anticipate this current price, at this time. BIG news is the only thing that's going to save BTC, right now. That said, I still have 0.2BTC left that came in from my miners last night. Anyone bulls want to buy it for $120? Because, you...
to my perspective chart. First, for fun, look at the big sell spike in Oct 2013. Damn that had to have hurt by the end of the year. Even if they caught it at $900, that would have been $21MM instead of $3MM. I'm sure they were :(( You have to ask yourself, why is there persistent sell volume? Algo Trading Bots. This is how the colors are determined: - If...
An interesting read... for keeping things in perspective. 30% of Bitcoins are dormant. That's a HUGE destabilizing factor. Putting faith in whales not dumping because they lost interest is a strong investment strategy? I guarantee a lot more will be dumped if we ever move past the $700 realm. Excerpts from the article www.cryptocoinsnews.com : "Transaction...
First off, I'm ashamed I didn't take this trade. I've started analyzing forex pairs in-depth again, but I was a day too late with this one. I finished the Euro and Pound last night/this morning. This trade combines a slightly off Bat + a symmetrical Crab. The Bat is literally 8-9 bars out of it's allotted completion time, however, the Crab isn't. Again, I...
SWN bounced off support the past 2 days coming of a 'double bottom' Bat Pattern at major support which happens to also be precisely at the .618 retracement of the larger leg which is very visible on the weekly chart. This is all coupled with some very sizeable momentum divergence from the 'B' Leg swing point to where price has currently found some stabilization....
The Bitcoin price has continued to decline on declining, very weak volume. After the Bitcoin price failed to stay within the ascending pitchfork, and fell through the red trigger line, another downward Andrews' Pitchfork was drawn. This second pitchfork has been notable because price has failed twice to reach the upper parallel. Instead, price has fallen to the...
I've noticed the price of gas has been declining for about three to four weeks. Come to see, Oil has been in a free fall for a month now. From the bottom in mid-April to the high in late-June, the 61.8% provided a technical level that prices could bounce off of. Even when the harmonic patterns aren't evident, the harmonic ratios are always close by dictating...