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ATR

Minor correction S&P fueled by higher unemployment rateNon farm payrolls and the unemployment rate will be released today at 0830. A release higher than expected could fuel a minor correction. The chart displayed shows the negative correlation between the S&P and the total civilian unemployment rate. Because of the uncertainty of the release, RSI very high, and ATR falling; I would stay clear of the equities markets today until this release plays out. Just my thoughts. Happy Trading
TVC:SPX
by Brandon50115
SPX; less and less price actionTo start off with some context, the previous upper cycle, peak to peak, was 7 years. This cycle has lasted 10 years, roughly. We can then expect an obvious deeper recession. The last one was roughly 2 years long. But when? The market keeps expanding, the dollar has become stronger, oil is getting cheaper, and manufacturing is up. All the fundamentals look pretty good, aside from the fact that we are 3 years due for a peak. There's one weakness, technically that I can see right now. Price action is reducing and the VIX is at an all time low. See the chart for the decrease in average true range as the SPX moves higher. Could this slow us down? Relative strength keeps building, positive. Food for thought.
TVC:SPX
by Brandon50115
LTCUSD 1d long, current and past Divergences, great OpportunityOn March 29th a sudden Increase of Volatility happend - look at the Average True Range (ATR): this Indicator clearly shows that the daily Range of Price started to increase. Several Divergences indicate a Reversal of the current trend. Divergences of the Commodity Channel Index (CCI) against Price are shown by CCIDivergence, Divergences of Momentum against Price are shown by "Jeddingen Divergence" (JDiv). Based on those both Indicators Jeddingen Divergence and CCIDivergence, a lucrative Strategy evolves, looking at the daily Candles. A Signal is generated when a JDiv or a CCIDiv is occurs, Support and Resistance lines can be used as Take-Profit and Stop-Loss. In this Example, there is one Exceptions. The very first Divergence wouldn't have worked out - although Price dropped at the End of the Divergence. Maybe Volatility/ ATR was too low. At the second Divergence (the first Trade), there was a bearish CCIDivergence with no Resistance (Price was at it's alltime high at that time) and no support Level that seemed usable (it would have been a Support somewhere at the low-volatility Area). A common Practice with those kind of Trades is to use Pivots as Profit-Targets. In this case the weekly Pivot (Fibonacci-Style) would have been a good Target. Most of my Trades do not have a Stop-Loss, but in this case, I guess I would have calculated the Stop-Loss in a Way so that the Risk-Reward-Ration would have been 1. Recently there appeared a JDiv and a CCIDiv. According to my Strategy, the Profit-Target could be the alltime High at 94.021. Though there are other structures since September second, I don't believe that they are reliable resistance Levels, because since then, LTCUSD was in a massive Downtrend. But to play it safe, an earlier Exit could be considered, e.g. an earlier Pivot or a Fibonacci Level. As Stop-Loss I would suggest the Resistance-Level that was used in the earlier Trades. To learn more about my Indicators/ Studies, send me a PM or click one of the URLs in my Signature.
LLong
by TradingClue
1
GBPUSD - Long opportunityHello Traders, Based on my technical scoring, we have a valid buying opportunity on the GBPUSD in line with the bullish trend (Daily). We are sitting on a daily structure level, with strong fibonacci confluence. RSI was oversold on our initial test Looking for entries on my lower time frame, in the form of a double bottom with RSI divergence. Stops are based off a 2xATR Targets based off a Fibonacci retracements of the recent swing. Furthermore, we have a buillish Cypher pattern that is still valid. Have a great week!
Long
by DigitalKM
EURCHF: Wide stop loss longWe can take a long here, fading this momentum run to the downside in a mostly quiet and sideways market. Support is potentially strong against this level, so we can expect upside soon. Check out my updated track record here: pastebin.com If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers! Ivan Labrie Link to Tim West's chatroom: www.tradingview.com We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask. Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Long
by IvanLabrie
Long-term viewThis bearish outlook is due to applying a logarithmic scale, resulting in a rising wedge pattern which is confirmed by the ATR divergence and which has been breached, signalling the start of a new downtrend or simply a correction. If June's hanging man is confirmed, next target will probably be the bottom of the channel, but if price continues to decline and breach the channel, it will then confim the development of a wave 3 and it's corresponding long-term bear market. If price invalidates the hanging man and keeps rising making a new all time high, then the price action since May 2015 was only a correction and the market will probably resume the uptrend. For now, I think one should assume the trend is down.
FX:SPX500Short
by mikeoakster
10
Lumber: Potential top spottedLumber futures appear to have topped against a massive monthly mode. You can go short with stops above the highs to be safe, target a retest of the uptrend mode from the lows. I overlaid EURUSD and USOIL so you can compare the price action. It's clear we're witneseeing a major dollar rally here. I wouldn't discard its significance. If you're not in any of my recent suggested trades, try to catch this and USDCAD, even buying at market now is viable with stops under yesterday's low. See related ideas for an entry we can take in oil. If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers, Ivan Labrie. Link to Tim West's chatroom: www.tradingview.com We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
LShort
by IvanLabrie
5