dadoesploso

dadoesploso Updated 

We are in a retracement of a bearish trend on the weekly (more in next post) This is what I see in the chart: a short setup consisting of a trend channel line overshoot, 3 pushes, wedge confirmed by a triggered bear trend i-Bar. All this happened after a trendline break and the whole bull that can be seen in the chart above is likely just a bull flag in the strong...

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There's a strong weekly bear trend on USDCHF. Price is currently forming a retracement into the last bear trend leg. The bull bars are very weak compared to the bear ones. Also, there have been a lot of consecutive weak bull closes, which increases the likelyhood of a bearish reversal. The chart seen in the daily short setup post (see below) is just the...

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This short is based purely on the widely known concept in technical analysis "Trend is your friend". Market order with a stop above last swing high on the 5/15m. Target at a 2:1 but paying attention to the developement of eventual reversal setups in which case I'd close manually or scale out.

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We're in a bear channel, and the big bull bar in the picture above is not enough to me to buy (closing a short means buying) on top of a bear channel. It could reverse and be a trap in the trap, or, a failed failure as Al Brooks would call it. In that case it would likely fuel a move downwards worth both the wait and most importantly, the risk. The risk now is...

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A TL break + H&S retest gives us an opportunity to sell the pair with a stop around 142 (right shoulder's high) TP at a 2:1 but we may want to trail SL and exit sooner based on price action as the trend is still bullish

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This short is based on previous one I showed in last post. However, this time we have a higher timeframe TL break with retest of the trend's extreme. This is currently a forming double top, and the swing we could catch from this reversal is possibly quite extended. Most optimistic swing is targeting the last major swing low as in the chart above. I will still look...

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An inside bar lets us bet on the continuation or fakeout that will occur.

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If today we close with a bull candle above the wedge's bear TL, it's a breakout after a fakeout bear trap, and we're likely to see a move of about the height of the wedge itself to the upside before seeing the low of the wedge be broken. I'd not trade this setup as it is slow and generates overnight fees on CFDs, I'd rather be aware of it to trade lower timeframes...

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Here's a with-trend entry from a H2 Double Bottom Bull Flag in a trend on the S&P 15m chart

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Here is a schematic view of what I was able to see in today's chart. These are all Al Brooks concepts.

dadoesploso Updated 

Another bullish sign for the S&P is the accumulation suggested by the higher lows, with relatively equal highs (ascending triangle). The upper boundary of this triangle constitutes an area of breakout.

dadoesploso Updated 

This is a 15m view of a 5m setup for a sell: trendline break and retest. SL at 20 points distance, tp at 40 for a 2:1 reward to risk ratio. The pattern is also a lower high double top

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Long trade on the 5 minutes chart of the S&P 500 E-Mini Future. Based on TL break and retest of previous bear trend extreme, with a 5m signal bar (bull reversal bar). RR=2

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This is a bear TL break in a bullish context. We're likely to see a retest of the bear trend extreme that can form a higher, equal or lower low. These would all be variants of a double bottom: a "Wammie" in the first case, a traditional double bottom in the second, and a "Quasimodo" pattern in the last case. All three can be traded regardless of the shape as a...

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This is a short based purely on price action. We're on top of a channel/range with bearish candles signaling a reversal towards at least channel's midline

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Breakout level based on my current bullish bias and the formation of equal highs (=Buy stops)

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I genuinely believe a new bull trend is about to start for the US Stock Market. Gold will likely keep going up for a while and then reverse as the stock market starts a new bull. Gold has been steadily increasing as I anticipated back in september and from the CoT, open interest and price data it seems to me that its bull is yet to finish, I think we'll see a new...

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An inverted head and shoulders pattern just formed on the daily SPX chart. The standard trade is depicted in this chart, with a stop loss at the right shoulder and a take profit equal to the head's height. None of my contents is financial advice. Good trading