The guy with discretion has what? A crystal ball? -Leda Braga
Pyramiding instructions appear on dollar bills. Add smaller and smaller amounts on the way up. Keep your eye open at the top. -Ed Seykota
profit targets are for fortune tellers Trail stops
1. Both 100 & 200 Day moving averages still trending down with supply overpowering demand at the end of the week at the 100 Day moving average indicating the trend is still long term bearish with a nice tweezer top. 2. Price closed on Friday below the up trend line of the last 2 weeks indicating a bearish reversal of the minimal trend. Trend line retest entry at...
1. Found supply at 200Dma 2. Test of previously broken trend line 3. Didn't forcefully break .618 fib level even with large momentum on yesterdays candle. 4. Downward sloping 200Dma & flat 100Dma leave trend range bias to the sell side. 5. Tweezer top. 6. Price has gone straight up for 2 weeks with little correction - profit taking imminent. Highly probable...
1. Multi day supply found at 1.3275 price range (red horizontal) 2. Down trend line resistance. (red solid top) 3. Up trend breakdown pullback resistance. (red uptrend) 4. .236 fib level resistance. 5. 100 bar moving average turning downward. 6. Bar that originally broke 100 MA also broke through down trend range support indicative of sellers testing demand. (red...
Reversion to the mean Position trade. 1. Bearish Harami and Tweezer Top. 2. Weak demand & Profit taking forming a weak higher high - One can argue a double top over last 6 weeks with two tweezer formations. 3. Long term resistance area. 4. Downward sloping 100 week moving average. 5. Bearish moving average crossover. A stop above recent highs with a target of...
Position trade idea based on multiple Weekly chart indications. 1. Price break and close above 100 week moving average. 2. Double bottom formed from the last two weeks. 3. Engulfing candle for the week. 4. Upward sloping 100 Week moving average. Im keeping a conservative position size which will allow me to keep a wide stop loss point ensuring I have the...
Moving average cross over clear trend change 1H time frame. breaking 100 day moving average lower target of 200 day moving average on the higher time frame. Im getting out at the round number. moving average on the daily is slightly lower than my target area
1. Rangebound market overall. 2. Current price action in down trending range highlighted by trend lines. 3. Flat 100 and 200 day moving averages. 4. Price failed to test top side trend line at the .236 Fib level 5. Targeting .2725 price range which is +100 pips to the downside at the confluence of the .618 Fib, the lower low extended trend line, and the 200 day...
Weekly chart. Tweezer top and hanging man forming. Bearish cross over of the 100wma and 200wma Clear long term range with price far from the mean. 100wma and .382 fib level looks like a good target Contingent on this week closing here or lower validating previous analysis but USD is getting soft across the board.
Target price of 1.33 being that I see a fib resistance level holding here on the weekly and a flat 100 week moving average. The target is a confluence of a large swing fib level, the most recent swing fib level, and the 200 week moving average on this timeframe. The dollar is also changing trend direction across the daily charts across multiple major currency pairs.
Price is within a Weekly Support/Resistance area Confluence of previous down trend line and overbought in current up trend. Struggling to stay above the Fib level. Flat 200dma and down sloping 100dma trend still neutral/down biased.
described in chart. updates posted if/when triggered.
Bullish Engulfing, weekly resistance turned support area at the low of the candle. Up trend line support. 1:2 risk reward. Still above 200Wma
The Aussie dollar was knocked down today on fundamentals across all currencies but unlike the USD it moved counter trend to the Euro so Im shorting against this resistance level. Choose your own stops. Your risk tolerance isn't my business. I prefer conservative position sizing and future price analysis to determine my mental stops. peace and prosperity.
Ill be watching this week for a candlestick reversal confirmation at the support/MA/Trend Line confluence and aiming for 1.33 as my target in an anticipation of this wedge formation to continue on the daily. -Peace and Prosperity.
I dont put stop orders in the market I prefer that position size and future analysis dictate my staying power and exit strategy. Your risk tolerance is your business. Im exiting with first positions profits before a test of the 50% Retracement at the 1.2950 round number. 130 day moving average (6 months) is flat so I'm not overly ambitious here. I dont use multi...