While I normally stick to equities or futures, I browsed over a few forex pairs and this popped out at me. On both of my charts that I use when doing technical analysis, USDJPY is showing some pretty bearish indicators. On this chart, price bounced off of a strong prior resistance as it is starting a descent. I notice reduced buying pressure on the MACD histogram,...
Title explains most of it. Macd showing positive histogram with buying pressure increasing. ethereum has been at historic lows relative to its peak. Im long ETH buy and hodl
So I called out a potential UVXY trade and I missed the one indicator that every trader relies on
Resistance
However I mentioned that I was wanting to sell premium, and this retraction was actually beneficial to my theta gang strategy on my paper trading account
5pt iron condor at strike 85/90 call strike 45/40 puts strike
It gained $50.00 P&L today bringing me...
I’ve been following UVXY for a while, price continue to rise while the markets fall. Waiting to place a credit spread or something to take advantage of IV
I’m using Renko with $10 price blocks and Ichimoku
Clouds which act as dynamic support/resistance. Based on what I see, it’s a bloodbath, the S&P is getting hammered. Renko is unique in the fact that it’s solely price that is displayed price movement on the y axis creates the blocks higher and lower and can establish key support resistance areas. I could see a...
