America
BAC Short ScalpOn this one, I'm going to trade a short scalp on BAC.
A resistance that have showed to be valid is tested again just before the weekend and after that seen some bearish conformation that it is not ready to break yet.
With a slightly high RSI at 70 I'm getting in.
The target is where I drew the support on the chart.
Thanks for reading!
Wesley
ELECTRONIC ARTS (EA) 4-HOUR TIMEFRAME LONGPrice is currently forming what looks like a bull flag pattern. If prices can break higher above $100, that should be a good indication of possible bullish momentum. Hwever, traders should exercise extreme caution and proper risk management as the last bull leg stopped abruptly, signalling the presence of sellers at every corner of this market!. Here is how i would enter this trade:
STOP LOSS: BELOW 90
ENTRY:100
TAKE PROFIT: 120
EURUSD (EUR/USD) Buy 1.11500 >>> 1.11950 (Small target)EUR/USD
1) Two days we close above main volume
2) We have two impulses for first target correction
3) We have resistance zone 1.11923
4) We have Low volume trade zone for confirm first target correction
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Buy = 1.11500
Take Profit = 1.11950
Stop Loss = 1.11050
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American Air (AAL) Sell $33.67 > $30.62 (Profit:Risk = 2:1)NASDAQ:AAL
American Airlines Group, Inc.
Information:
Growing Channel was broken. Now we have formed a bear channel. At the opening with a small pullback considering sales.
SPY/SPX/S&P 500 in the coming days may show weakness and fall on the mini correction (Gold is now in a growing local phase).
According to the volume profile, we will have to preserve the main savings for the subsequent fall down.
Today we expect reports.
About stop loss:
Stop loss for the top $35.27. Can be reduced, but given the day of the report. I reduce volume of the position stop loss a little more is obtained.
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Sell Limit = $33.67
Take Profit = $30.62
Stop Loss = $35.27
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Profit:Risk = 2 : 1
Profit:Risk = +9.06% : -4.75%
Cisco Systems (CSCO) Sell $56.33 > $48.63 (Profit:Risk = 4.48:1)NASDAQ:CSCO
Cisco Systems, Inc.
Information:
We go up the channel for too long.
Now there will be a breakdown and a reversal of share price.
About stop loss:
Stop loss is placed just above the weekly candle in case of a false touch.
Weekly chart:
Daily Chart:
H4 Chart:
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Sell = $56.33
Take Profit = $48.63
Stop Loss = $58.05
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Profit:Risk = 4.48 : 1
Profit:Risk = +13.67% : -3.05%
Dominos Pizza (DPZ)(NYSE) Buy $286.00 >>> $269.95Deal on breakdown and return prices.
NYSE:DPZ
Dominos Pizza Inc
Stock - NYSE (USA)
Profit:Risk = 1:1
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Sell = $286.00
Take Profit = $269.95
Stop Loss = $302.06
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Take Profit = +5.61%
Stop Loss = -5.62%
Benefit from PEOPLES STUPIDITY.26950 area is very important as this is an all time high price that I can almost guarantee you WILL NOT be broken any time soon.
It doesn't take a genius to work out why this level will not be broken... look at the muppet you have running the country he's like a spoilt little child running around a toy store running up debt and annoying people, The US is the most debt it has ever been in, unemployment is high and crime is up.... Give Mr Trump a round of applause :)
Yet he keeps telling people the economy is fine... this is what he wants you to think so you keep spending money and getting yourself in debt, and most people are too blind to see what's happening... All I know is I'm going to benefit from peoples stupidity.
When the recession hits and most people loose everything because they were blinded by b#llshit do you really think the people at the top of the food chain that caused this crash are going to go broke? NOPE because they knew it was coming and therefore invested in safe havens.
This is my rant over... but expect another 1 pretty damn soon ;p haha.
Following Resistance Almost Perfectly By April 12th, price action will meet resistance. Other interesting technicals for intraday action. We opened with a strong gap to the downside only to finish the day .1 percent up. Typically, gap are filled whether intraday or interday. At any rate, rockets to the sky. Until gravity brings us back to earth of course.
Panic If Price Action Does Not Blast Through Record HighsI just wrote a bit of a thesis on potential head and shoulders pattern forming in the SPX500. This is basically that same information, but without the head and shoulders pattern in addition to two moving averages, 200 MA and 200 EMA. Also, I have added a moving average on the volume. As you can see, it has significantly declined over the past year since volatility dramatically picked up in January 2018. Keep in mind, JP Morgan just asserted that there is a 70 percent chance of a recession in the next year. At any rate, here the rest of the content:
Not a perfect pattern, but few are. If the SPX500 does not reach record highs and does not go beyond those record highs with strong conviction, then it will suffer from the exact same chart pattern DJI did right before the 2008 Financial Crisis. If price action starts to move down then we would be witnessing a large head and shoulders pattern right into a financial crash or at the very least a large correction. We already know a recession is coming sometime in the upcoming year, but the question is when. However, that does not mean I am saying this pattern will form. I'm just saying its possible. And if it starts to form, be very very careful.
Also by the way, volume is super f word low right now probably indicating most traders are skeptical as to why they should buy at such high levels. It is the second lowest level of volume since 2006 with the lowest level of volume since 2006 only occurring last year. Big red flag guys and gals. Too expensive for many. Expect institutional traders to attempt to unload their positions that they too believe are probably too expensive.
TRUMP you T@TPrice recently failed to break VERY STRONG resistance once again, this can only mean bearish movement.
The stock market and the US economy are in trouble, the bubble they are in is going to burst and everything will come crashing down with it.
We are on the verge of 1 of the biggest recessions in history yet not everyone can see it as the government and Trump pull the wool over your eyes by telling you everything is ok... Bull#hit.
Trump is rein acting a car crash, he is the driver and America is the car, but this economic car crash will effect the whole world not just the US.... well done Trump you T@T.
TRUMP you T@TPrice recently failed to break VERY STRONG resistance once again, this can only mean bearish movement.
The stock market and the US economy are in trouble, the bubble they are in is going to burst and everything will come crashing down with it.
We are on the verge of 1 of the biggest recessions in history yet not everyone can see it as the government and Trump pull the wool over your eyes by telling you everything is ok... Bull#hit.
Trump is rein acting a car crash, he is the driver and America is the car, but this economic car crash will effect the whole world not just the US.... well done Trump you T@T.
The American dream is a nightmare - Trump cool aid running out.In this screencast I review briefly some headline issues that point to deep troubles affecting the American economy. I look at the Dow Transportation Index which appears to be leading Wall Street in a southward direction.
My list of troubles for America is not exhaustive - so I may well have missed something of greater importance. Do share other facts if you know more.
If others know of reasons for optimism on the US Economy I would be willing to learn more. So far, I've not been able to find anything of true substance to support optimism.
This post is compliant with Tradingview's house rules on text-based posts.
GOD BLESS AMERICAYou can see a lovely support line that's been respected and also a lovely trend line, now price is currently on its way back down to re test both these levels so we can only see a bounce when price does come back down to these key levels.
We can then see price making a bullish run up to our green resistance zone, this is where we will be placing our TP.
GOD BLESS AMERICA ;p Get on this trade and make them greens.
The game of Aud/UsdPrice movementIn
In yesterday's session price is returning near a key support zone. In fact, at 0.7144 we find the dynamic support identified by the EMA2O daily, while at 0.7108 is located the 76.8% of the Fibonacci retracement: this area should not yield but, because of the macroeconomic scenario that has been configured, it should bounce the price towards a target around the resistance identified by the EMA200 daily at 0.727; if it were broken upwards, the trend will continue until the next static resistance ( 0.733 )
Fed & Powell
The Fed, which will not raise rates in the very short term, and therefore with a softening of monetary policy, the dollar should continue to lose strength until Powell's signals of change arrive.