As you can see there are two options for Crude Oil price. Option #1: The red line represent a continuation of the Bears controlling the CL market. For now we are just testing the purple Trend Line. SELL ON BREAK Option #2: If the purple Trend Line will hold, we will probably test the lower side of the yellow box area above us. BUY-WHEN BREAKING THE YELLOW ...
We Just Broke Our Monthly Flag & Our Dally Flag Green is a monthly flag. Blue is a dally flag. GOOG Earnings Date Earnings announcement* for GOOG: Jul 16, 2015 Google Inc. is estimated to report earnings on 07/16/2015. The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates.Our vendor, Zacks Investment Research,...
Bull Flag =In Blue= =Vs= Monthly Resistance Trend Line = In Red= I will go with the bulls if we will break the Monthly trend line with the power of the Bull Flag. If we will break the bottom of the Bull Flag we will probably go to test the Purple trend line and even breaking the line and hitting a lower low! TRADE ONLY AFTER THE MARKET...
When you lose a trade 1- Do not increase your trade size after a loss. 2- Take responsibility for the loss. 3-Train your reaction to losing trades. Don’t be too harsh on yourself 4-Accepting that trading is an activity that requires a certain amount of time and effort, but doesn’t always provide something to show for them. When you win a trade 1- Do not...
From one side you can see that the blue trend line worked as a S&R levels for 9 times in the past. Statistically speaking this is a perfect price to buy the market! From the other side we just broker the 0.76000 Support level, it makes me wonder when will the down trend stop. So.....What to do? 2 options: If we will go up: 1. Buy the market with a small SL If...
DO NOT ENTER THE TRADE BEFORE THE FLAG IS BREAKING!
Looks like a great spot to sell the market with a very tight SL and a very nice TP goal. SL-1.56250 TP-1.55500
1. The purple trend line changed the market direction for five times in the past, starting from September 2012 once again on the November 2014 and eventually on February 2015 we broke the trend line and started to test the trend line as a support level. right now we touched this line again and guess what? we went up and changed the direction once again. 2. ...
***Update*** After breaking the red trend line the trade is confirmed! SL 0.77200-(1)MOVED SL 0.77060-(2)MOVED SL 0.76860-(3)TRADE ENDED TP1 0.76860= FILED! TP2 0.76620= FILED!
Green is a monthly flag. Blue is a dally flag. GOOG Earnings Date Earnings announcement* for GOOG: Jul 16, 2015 Google Inc. is estimated to report earnings on 07/16/2015. The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates.Our vendor, Zacks Investment Research, might revise this date in the future, once the...
Bear Flag – Bear Flag Pattern The bear flag pattern is found in a downtrending chart. This pattern is named for the resemblance of an inverted flag on a pole. The bear flag is a continuation pattern which only slightly retraces the decline preceding it. The technical sell point is when price penetrates the lower trend line of the flag area, ideally on volume...
Re Testing the blue line! Fibonacci 236 line! Number 5.....where will we go? my guess is up....
Bear Flag For USDCAD- WAIT FOR THE RED TRENDLINE BREAK!
DEFINITION of 'Symmetrical Triangle' A chart pattern used in technical analysis that is easily recognized by the distinct shape created by two converging trendlines. The pattern is identified by drawing two trendlines that connect a series of sequentially lower peaks and a series of sequentially higher troughs. Both trendlines act as barriers that prevent the...
The EUR/USD recovered 40 points to trade at 1.0912 after German Gfk consumer sentiment reported better than expected. The US dollar eased a bit correcting from its climb on Tuesday. Greece over the weekend indicated that they are unable to make their payments due this month. Greece must repay four loans totaling $1.76 billion to the IMF next month. Athens has the...