ASX
$NTI $0.095 into the blueMonster range, now with decent end of range volume starting to come in = no reason to look back.
Now, its time for a decent run
Holding
BRN Short Scalp LongBrainchip showing signs that id usually look for for entry/reversals.
Short term scalp idea here.
Sitting and testing r3h (Range 3 high)= the daily range before a 30% up move. This is a short term range of importance.
EMA's crossed on 15 chart (not shown), at important level, and a MSB (market structure break), Pos div on RSI.
TIEwatching res lines and interaction with TL. DMI looks pretty good though not overly bullish yet. 21 ema about to cross above the 200
BTC Bear Casethis is my plan for a short scalp or swing on BTC.
liquidity has been taken at range high. Usually happen before a bigger move lower.
If we reject/hold below mid range im looking for shorts with targets marked on the chart T1 T2 and T3.
looking at ES and Nasdaq for confluence which look like a pullback is a high probability.
Again i dont care what way it goes.. plan for it and if your trigger gets triggered play it and manage risk.. Fu#k the Perma Bulls they will get you rekt..
BTC Bull CaseThese are my quick plans on how i plan to trade BTC short term
Option 1 is a break above the Mid range and hold I will long with stops below Mid and targets to range high and above,
Option 2 is a break down and show signs of support at that Range low, if it holds i will look for entries to target mid and range high.
Do i care which way it goes , NO, am i predicting what way it goes NO.. these are plans, if this do this... It might well god candle up and not give any trigger to get in and that is ok.
My bear plan will follow where if it show certain Characteristics i will look for shorts.
$MAYwatching for a push above the breakout line for entry signal,
Green box is the target if we get entry signal.
currently backtesting the low for that "daily range" that sent the market lower into the 1 month consolidation.
A push above the ema's and into 95-96 price range will be but signal.. lets see.
FYI a lot of news coming from the US this month so got to be cautious.
$MAY- Possible Breakup- Above SMA & EMA Averages$May looking quite good, large volumes and big candle on the 28/07/22
$PDN Paladin Energy PDN Formed a nice macro Bull Flag that broke out and trapped a lot of traders as it turned out to be a fakeout. These Breakout traders have since puked their positions on the fake breakout.
PDN then broke support and ranged under the OCT 2004 ATH. This looked like PDN was breaking down and about to go lower.. Exactly whaty a big Hedge fund would want you to think if they were building a position. they are hunting for liquitity imo.
Im bullish here for the following reason.
1.Reclaim of 2004 ATH acting as resistance.
2.Stoch in an area that tends to have a high probability for long setup
3.Small but Bullish Divergence on MACD.
A nice clean break and hold above 720 may start the next leg up on this stock
BTCPlenty of stops not taken marked with circle. I think we take these stops into FED meeting then test the 4 hour block and Mid range.. If we find support at MID il long from MID range to local range high.
21100 looking for longs...
lets see.
Again this is not a prediction this is just an idea that if this happens then i will do this..
Note that US oil is cooling, DXY is cooling Bond Yields are cooling. Starting to lean into a potential risk on environment.
PNV.ASX_Bullish Breakout Trade_LongENTRY: 1.600
SL: 1.470
TP1: 1.810
TP2: 1.935
- ADX>25
- Daily RS +ve
- Daily FFI +ve
- Weekly RS -ve
- Weekly FFI +ve
- Moving averages are aligned.
- Price went above 200EMA on 5 Jul 2022 and went into range.
- Entry today based on breakout and >3% rebound off 10EMA with volume
- Would like closing to be better.
ETHETH ran too fast too quick,
Breakout traders are trapped here and if the prices trades lower they will be forced to liquidate their positions this in line with the FED meeting one the 27th and another rate hike this could easily playout.
Above and hold above 1600 i will cut and change go long..
for now short with target marked with circle.
$NVXwould like to see NVX come back and backtest the 2020 year high in blue,.
I will be looking for a retest and reversal at this level. At present it may be another liquidity hunt of lower timeframes.
Below and hold below 2020 year high and im not interested.
4DXNEWS CAT
1JUL "4DMedical signs deal to supply lung imaging technology to Australian radiology clinics"
Looking for Option A
Or
Looking for Option B
Option B would provide a nice entry if we could flush down into that lower TF range in Blue. This range was the last range on the 5 minute chart that sent the price moving a lot higher. 22% approx.
Trigger is a break of the falling resistance line.
Confluence is a move above the 10day EMA, Above VWAP, a reclaim of the RL range marked on the chart.
$LLLJuly 5th "Sale of 28.6m Leo Lithium Shares-Cash Injection $12.9m"
Recent news catalyst.
-Looking for deviation of the low range and backtest.
-Trigger is on the backtest.
-Target is market on chart.
Confluence
-Above 20 day EMA
-Breakout of falling resistance.
focus on one thing. execute and be patient.
Doesn't work. move on to the next plan.
SYA Sayona MiningSYA deviate mid range with ST target March low.
Pops and holds March low looking for March High as T1 and 2021 High as T2..
Reevaluate as the weeks play out.
$LRS" New Pegmatite Zone at depth at Colina Lithium Prospect
Mon, 27 Jun 2022 08:41"
-News catalyst
-Back above Low Range.
-Backtesting low range
-Above the 20 day EMA all intraday TF's
Targets Mid Range.
patience is key to see this work out.. markets are extremely volatile ATM with FED meeting in july is also to be wary of.
$AGY- Breaking out - Closed above 200 MA$AGY closed above 200MA and is above and 20 EMA . Possibility of going higher due to all ordinaries going higher than 7000 points on the 21/07/22 in my opinion.
MFG.ASX_Bearish Pullback Trade_ShortENTRY: 11.61
SL: 12.61
TP: 9.55
- ADX>25
- Daily RS -ve
- Daily FFI -ve
- Weekly RS -ve
- Weekly FFI -ve
- Moving averages are aligned.
- Breakdown on 6 Jun 2022 before retracing back to support-turn-resistance area.
- Another breakdown and rebound off 10EMA on 4 Jul 2022. Downtrend still intact.
- Entry based on today >3% rebound off 10EMA. Would like volume to be higher.
- More downside once break 11.10.
ASX200 4H, could we see a new test of 6715?Happy Monday. Thanks for tuning in. Today we’re looking at the ASX200 as a few things point to buyer control. Since last Friday, we continue to watch the new fast uptrend remain in play. Buyers are also starting to break out of a wedge pattern, but we want to see if price can get back up to and break 6715.
A move up to and break of that level could start to tell us that a new short-term up trend is underway.
Thanks to all our subscribers and to the trading community for watching today’s update. We wish you good trading for the rest of the day.
$BWP- Cup and Handle Pattern- Closed above 20, 50 and 200 MA$BWP- Cup and Handle Pattern. It closed above the 20, 50 and 200 MA looking good!
TWE.ASX - FUNCHARTS - Does Corn Really Lead Treasury Wines?Note: Funcharts are interesting charts I have found that offer a potentially unique perspective on a stock. Sometimes I’ll throw something out there that you might find controversial or wrong headed. If that’s the case your 2 cents worth is most welcome.
The blue line in the graph above is corn (futures) projected forward, now why on earth would corn lead the Treasury Wines share price? While I let you ponder the answer to that the correlation between a projected forward corn price and TWE has been relatively high through history at approximately 30%, simply scroll back through the chart and you can see for yourself that corn has a pretty good track record of leading TWE.
Now that we have a projection of sorts the next step would be to conjure up a trade based on this intermarket relationship (if it truly does indeed exist).
Let me draw your attention to the system on screen, it is a reverse of the Supertrend STRATEGY (Inputs: ATR Length, 3, Factor 1.5) where it buys the short term dips and sells the short term rallies. An analysis of performance shows that TWE is a very choppy stock. To see performance scroll down to the bottom of the chart and make sure Supertrend STRATEGY is showing. Now the next trick is to view the Performance Summary (not overview) where is breaks down the performance of long trades v short trades.
An analysis of long trades shows buying dips was highly profitable with a profit factor above 2 and a high percentage of winning trades. With this evidence the way I would trade TWE is to use Corn, or seasonal analysis or similar to obtain a bullish bias and then look to buy into a pull back on TWE. Once set I would then look to sell the position once the stock reached an overbought level. Stop Losses are a little difficult to set on a mean reversion strategy as theoretically the bigger the pull back the better the opportunity but I would suggest a fairly wide stop level of around 10-15% of the stock price as an emergency stop in case the trades really goes wrong.
The question you're obviously asking is should I get long now? In my opinion awaiting a pull back is probably the best strategy, you could use a stochastic or RSI indicator (or any oscillator) for that matter and look to enter during oversold zones and close out during an overbought period.
Will this Hydrogen stock suffer the same fate as the Hindenburg?Increasing volume from October to November saw the price inflate to almost 400% of the $0.15 August support test.
Unlike the Hindenburg, it did'nt explode at the top and plummet back down to the ground, but once the price popped, it has been steadily deflating and drifting back down toward $0.20.
We have seen a rally this past week but unless we see volume, I think we will return to ground for another test of support around $0.15.
If this stock really is refuelling for another pump, take some profit around $0.50 but I feel this is the least likely of the two scenarios as after answering questions from the ASX relating to a recent YouTube presentation, there isn't any exiciting news.
