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Billionairetomboi

Stocks hold or sell?My analysis of SPY weakness. I've marked short-term support & resistance, as the SPY, DOW, & other US indicies are retesting the latest crash. I would not be calling this a bear market yet, although I did enter a SHORT position on Friday. In the most recent crashes we've had, we've always managed to double bottom on the retest of a crash & then move on to make new highs. A retest of the lows is realistic, however, if we make a double bottom support, I wouldn't be shorting stocks or indicies at that point. Again, I've only been trading the SPY (Forex: US500) & Oil (Forex: USDWTI) this year. The price moves of regular forex pairs don't even compare when it comes to quick AND LARGE profit potentials. Not even Gold can compete, when we're talking about daytrading… As for my RSI, I'd be expecting further weakness & remain in my short trade if the RSI retests the upper threshold & then makes a lower low. This is a good confirmation indicator for continuation of weakness.
AMEX:SPYShort
by BillionaireTomBoi
EURCAD is NOT a reversal, yet...Alot of traders on here are calling EURCAD a short play. As of now, it's not. This chart shows what should have happened if it was ready to fall. We'll have to drop & hold below the 1.54855 area before calling this a short. For now, the Bulls are still in control. The Weekly is in an uptrend & the Monthly bar is just in a pullback. If it closes above this area by April, there wont be much resistance until 1.69000. A new high could easily be made if we remain above this area. The monthly is in a Reverse Head & Shoulder's pattern, signaling Bullish momentum. The weekly is also above my 369 EMA, meaning price has been bullish all year, recovering all of the previous year's selloff. The daily is simply in consolidation, a prime area for retail traders to get shaken out of the market by institutions who are just taking short term profits, waiting to buy up retail positions.
Long
by BillionaireTomBoi
1
Clean 4Hour analysis GBPAUDI was scalping lately, as volatility was available. Trends are looking more like they are ready to continue their original directions. I'm going to be entering for more long-term holds, as I'd like to go on vacation & relax soon. Perfect timing, as there's no need to day trade if the trends are there to just ride... Going to go through the list of pairs I'm watching or already in. Decided to do cleaner analysis's, using the 4H & 1H charts. Divergences are noted. Be on the lookout for Reversal signals, as we retest tops & bottoms. My moving average is 369...because Tesla said so lol!...you know, harmonics or whatever. It's just there to guide me on short term pullbacks. I could really trade without it & the On Balance Volume. It's there for anyone needing confirmation. Using The Bollinger Band in my previous analysis was doing the same thing, as it guided me on the 1H at support areas to re-enter the trend continuation (Again, my settings are .382 & I enter when 5 bars close & price passes above the high of all 5. This is a strategy I learned from Seven Primo). I'm also keeping track of Daily & Weekly Supply & Demand Zones, watching closely for double tops when we enter. Red or Green indicates trend direction. If trend changes or I take profits, I'll update.
Long
by BillionaireTomBoi
Buy your Lambo from this one trade...USDJPY!!Weekly & 4Hour time frame analysis. USDJPY has just retested the upper downtrendline & failed. The profit zone is marked in purple. The divergence signals a regular bullish divergence so that profit area could turn into a demand zone, pushing the pair to new highs. If price retests & fails the upper (weekly) trendline after hitting the profit zone, USDJPY should make a new low. This is a weekly entry meaning It will more than likely take a year to complete. Add on pullbacks & invest every paycheck you get, you'll be driving a Lambo in not time ;) STOP LOSS is above the most recent high. If price gets above, I'll reverse & trade to new highs.
Short
by BillionaireTomBoi
1