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Bollinger Bands (BB)

Stuck in a range, Bollinger Bands narrowStill range bound for now. This is what is needs to go higher: AMZN is still range bound in this pennant/triangle until there is a close above $436.90 (MAY 21st high) or $439 (MAY 11th high) before it can breakout and test that $452 all-time high. Buying a June expiry 440/450 Call debit spread for $2.00 or lower would be a nice 1:4 risk:reward scenario. And you risk the debit paid if it never gets up there. 22 days until expiry from today gives it time to play out. The MACD is drifting lower. The narrow BB indicates a bigger move is likely but it could also fill the gap lower around the $396 area. It would have to blow through the $414.55 low on May 6th to do that. Path of least resistance is higher.
NASDAQ:AMZN
by bertolinitrading
ES/SPY/SPX thoughts - May 2015 Update(Disclaimer: I have posted several short ideas on ES/SPY/SPX since the start of the year - I have played some of them for quick profits, also have gotten burned a couple times; it's safe to conclude that so far, the bullish trend hasn't been broken, but hasn't accelerated either. And even if the S&P 500 just made a new closing high today, it's still stuck in the same range it has been for a couple months already. In conclusion: I'll keep trying to play the ranges until it stops working). ES/SPY/SPX thoughts: Stuck in a 60pt range since Early February Signs of strong selling pressure around SPY 212 / SPX 2120 Resilience in 100-day MA as key trendline support. Tightening Bollinger Bands signal the possibility of a big move in either direction to come soon. Mixed signals on RSI and other momentum indicators. The Index has gone unscathed through geopolitical distress in Europe, a slowdown in China, the blackout in corporate buybacks, and recently, a deep selloff in US Treasury bonds, thus showing the crucial importance of the Bernanke/Yellen Put in explaining stock prices. Playing the ranges has worked wonders so far; but a shift towards a directional bet is in order (having in mind SPX above 2125+ and under 2075- closing levels as key prices to watch). PS: The theme of worsening macro data and technical divergence that has been extensively documented by several market analysts is still on; however, it has to be confirmed whether these factors can generate a change in direction for the US equity market. Best of luck trading and don't get caught in the chop.
FX:SPX500
by Daniel_Urdaneta
MTF River Strategy...like a game ;-) Anyone remember the "Frogger" game where a frog must pass a river ? This strategy is like a game. Immagine you that the cyan lines are a River, any time the price can cross up or down this river, you must buy or sell only when the bar are dry.. BUY at highest price of the first bar that is completely dry over the river SELL at the lowest price of the first bar that is completely dry under the river Stoploss is placed at the river bands, take profit is placed at 1:1 and 1:2 ratio, a risk money management must be applied. This strategy can be used with multiple time frame, i'm testing it in 15min,180m and daily base applyed to EURJPY. It's a game but can produce some money... ;-)
by beller
CLRX above Steve Primo's Advanced Bollinger BandsSteve Primo's Advanced Bollinger bands This is an interesting and easy way to trade that anyone can pick up immediately. It doesn't require to have perfect-right-now type of scanning or timing. Orders can be set up ahead of time at night and left to fill on their own, freeing up time and attention to go do other things during the day. People with day jobs where they cannot use a computer or night shift jobs where they sleep during the day might appreciate this technique. Download the presentation at www.dropbox.com Click the download button selecting direct download to save a copy to your computer, the online player may stop after a few minutes. Not concerned with the after hours over-reaction, it's a great buying opportunity.
CLong
by trademan1
1
Building a case for shorting the GBPAUD short/mid termA couple of observations: 1 The 1.618 extension with a prior 6.18 retracement seems to have slowed down the pair from moving higher. 2 A daily AB=CD pattern / 3 drives pattern have completed. 3 The pair recently broke out of ascending triangle on the 4H chart. 4 The Bollinger band shows extreme price movements on the 4H chart. Looking for an entry setup with at least a risk:reward ratio of 1:1.40-1.45 to 1.9629 as my first target.
Short
by Mikoxl.
USDJPY ShortWilliams: The alligator's mouth is horizontal but points sightly down - closed - asleep. Momentum is approaching zero. It's been a while since a new high. The RSI is pointing downward below 50. Expect a nice move down - a significant correction to the dollar bull market...could be several months. Sell on a break of 115,842. Bollinger: bands (20ma) are narrowing and at the lower end of normal width...minimum volatility. The price is below the 20 day MA and has been for a while. The bands point down. The latest daily candle looks weak - may be a gravestone at end of day. The last time price was above the bands was more than month ago. Price has been below the bands twice in that time.
Short
by ChaosTrader
1
Bitcoin Winter 2014/2015 Outlook: Important price areas to watchNew version! I looked at all the original information from MtGox which is still available on TradingView and noticed that my last chart using Bitstamp prices and pivot dates wasn't aligned perfectly with the real pivot price data from MtGox (which shaped the price from 2010 until the melt down in 2014). BTC has still a high risk too fall even more. The pink Gann fan line is now aligned higher than before, above the current price. And I added a three year average price, also in the color pink. As visible in the chart we are already in the red Fibonacci area behind the blue 1.382 Fibonacci trend line. P.S. If you like my charts, you can leave me a tip: 1PmAnb2htvHnCbwNAxkV7b8XvVQyQ7LQLg Thanks!
BITSTAMP:BTCUSD
by ChartArt
4
PTIE - Symmetrical Triangle (Continuation) - BullishTechnicals: Bullish Signals from: Symmetrical Continuation Triangle Expected Price Target: $6.00+ Timeline: 4wks Bollinger Bands – W Bottoms Last bottom lower than the prior with bonce toward middle. MACD Line cross-over with upward direction. Parabolic SAR Start of uptrend with 1 period. Awaiting more confirmation. Net Volume on rise. Conclusion: Short term – Buy signal after confirmed Parabolic SAR signal and top breach in bollinger bands with further increase in volume. Long term – Company outlook too risky however monitor potential drug approval. If approved, access market for potential sales which appears to be high at this time. Invest in other companies involved in benefiting from this. The post is to be updated below based on changes in the market. More @ www.projectfortune.com Based on updated chart, this is a no go. Disclaimer: The information discussed above may be false and opinionated. Market trading involves risk and should not be invested in solely based on the discussion above. The author assumes no liability for any losses or expenses
PLong
by projectfortune
London Session Watch USDCADLondon Session Watch USDCAD There are multiple pin bar candlestick patterns rejecting the mid band of the bollinger band on USD/CAD which could potentially offer buying opportunities in today's London session. The long term trend is still bullish as the short term moving averages (10 and 20 period) are still above the long term moving averages (50,100 and 200 period) and the Tenken-sen continues to stay above the Kijun-sen as well which adds fuels to the bulls. Note that the Stochastic indicator is in oversold territory and the Commodity Channel Index (CCI) is also very near the oversold region which favors the bulls in this market. With all that being said, we have a high probability of buying opportunities coming in in today's London session.
Long
by radoslaw.mazgaj
Karma ... take the system to another level ... planes. Why geometry works with numbers ... well, I could show you some of the stuff I have been working on, and numbers... regardless as how random or linear they may seem, have value associated.... sort of like Karma. Guessing when your going to get your Karma, is Forex ... a fickle bitch. The chink in this armor, is pretty straightforward... follow the trend. Guessing or estimating trends can be prosperous, but will only work as long as your long term strategy is following the trend. A simple analogy is swimming against the current, although your destination might be the shore, sometimes you will find a horizontal vector to the shore a better approach. :-)
by ondapc
1
US Oil Short From Bullish Flag; High Risk:Reward RatioUSO has broken it's uptrend a few weeks back, and since has been heading violently lower with no signs of stopping, at least not yet. Not in my eyes. I had a plethora of converging indications, so I've marked them in the chart A - F, and then explained my trade setup. Good luck. A) RSI has broken above the 35 level, but this is likely because it bounced a bit from being oversold. It remains below 50 which is a bearish indication and still has resistance at the 40 level. B) The cream of the crop. B marks the head of a head and shoulders pattern in USO. You can see when the neckline was broken here, while simultaneously breaking a series of important EMAs, USO began it's slide. We would expect some sort of throw back to this neckline. This will be important in our trade setup later. C) Here is our bearish flag and Andrew's Pitchfork. You can see the slight countertrend movement off the lower bollinger band, and what now looks to be a hanging man. This entire move up is hitting resistance in the pitch fork, as well as the flag formation, and has formed entirely on declining volume. That's not a positive sign for continued upward momentum. D) PSZ (Prior Support Zone) from way back when. I'm expecting a move down into this zone where it will coincide with support at the lower BB or lower median pitchfork line. We may get a bounce down here, or more consolidation. E) Volume Decline Throughout Bear Flag F) Declining & Still Negative MACD The one thing I didn't like here was the RSI, and that the weekly chart shows that we may need a throwback before extended downward momentum. This is where that neckline comes into play. We may very well see a throwback to the 66 area before we are awarded with any serious downside momentum. However the weekly RSI is also in a downtrend, reinforcing our bearish outlook. I'm short a directional diagonal on this play, to take advantage of Theta decay, and let oil slowly drift lower in my favor until we reach that prior support and I debate what the next play will be. More downside, or a retracement? Maybe a renewed uptrend? Who knows?
AMEX:USOShort
by TheProfitcy
DAL Long - Consolidating Flag (Bull); Risk:Reward > 10:1The idea here isn't very difficult to understand. DAL has made a run up from $35.51 on August 8th, where we saw a bounce off the 150EMA, a personal favorite area to get long for me, especially looking at the weekly chart for this. Anyways, from the top down: 1) Bullish RSI Holding 60 Support 2) Established Uptrend - Long Term 3) Bounce off 150 EMA 4) Long $4.46 move straight up through all EMA(8/21/50), through resistance, and consolidating above. 5) Broken Downtrend 6)Weekly Uptrend Is Beautiful - Right At EMAs (8/21) (My Screen Is Too Small To Pull Up Both Simultaneously) Cons: 1) MACD Is Positive 2) Momentum Tapering As We Consolidate I like the chart, and like what I see. I'm getting long here. Possibly with a covered call, but maybe something else. Not sure what other plays are available with such low volatility, but the verticals and diagonals are getting old.
NYSE:DALLong
by TheProfitcy
DAL Long - Bull Flag ConsolidationThe idea here isn't very difficult to understand. DAL has made a run up from $35.51 on August 8th, where we saw a bounce off the 150EMA, a personal favorite area to get long for me, especially looking at the weekly chart for this. Anyways, from the top down: 1) Bullish RSI Holding 60 Support 2) Established Uptrend - Long Term 3) Bounce off 150 EMA 4) Long $4.46 move straight up through all EMA(8/21/50), through resistance, and consolidating above. 5) Broken Downtrend 6)Weekly Uptrend Is Beautiful - Right At EMAs (8/21) (My Screen Is Too Small To Pull Up Both Simultaneously) Cons: 1) MACD Is Positive 2) Momentum Tapering As We Consolidate I like the chart, and like what I see. I'm getting long here. Possibly with a covered call, but maybe something else. Not sure what other plays are available with such low volatility, but the verticals and diagonals are getting old.
NYSE:DALLong
by TheProfitcy
BBY Earnings Play; Unbalanced Iron Condor W/ $0 Upside RiskBestBuy has been consolidating since the beginning of July. Earnings are due tomorrow before the opening, and our IV% is at 56%, so I am looking for a play here to collect a credit. Historically looking at BBY we can see usually see a slightly bullish move after earnings (EPS, which is usually beating estimates). Because of this, and being at the top of this range with our other indicators showing bullish momentum as indicated on the chart, I want upside protection, while I expect the range in BBY to continue through expiration this Friday. All that being said, and what is shown on the chart, I am selling for a $0.50-$0.55 credit the 25/29.5/34.5/35 Put/Put/Cal/Call. This means if we break out from here, not only will I likely be putting on another bullish trade to take advantage of the breakout, but I will still have a small (VERY small) profit. That however beats a loss. Ideally, we would like volatility to collapse and BBY to stay between $29.00 and $34.50, but anything above $29.00 would be acceptable.
NYSE:BBY
by TheProfitcy
A Look at Bitcoin Volatility (Daily) (2012-present)This is a simple chart looking at volatility over the history of bitcoin. The first thing to notice is that we are nearing the all time low for volatility according to the bollinger bands. This suggests that we are on the brink of a large move, but does not suggest what direction. Also interesting is that in between the last two bubbles volatility has peaked 3 times during the bear phase and recovery period before making a low and then beginning a new bubble. If this trend holds, this suggests we are once again about to experience rapid price change. A word of caution...while this gives hope for another bubble, this chart alone is not enough to justify taking a position one way or the other. However, given that this does suggest that volatility is due to increase, trend breaks may be used as entry points with more confidence.
BITSTAMP:BTCUSD
by bigmoney33
3
GBPJPY is going upIdea is based on a combination of Elliot Wave theory, median line analysis and the use of Bollinger Bands. In addition Identification of support/resistance on the 7 close RSI has been carried out. The rationale behind this technical analysis is shown on the chart along with a specific target and stop loss. A close below this S/L will invalidate this idea. Please bare in mind that the target is not fixed, the longer it takes for the price to rise the higher the target will get. Good luck guys
Long
by NQunlocked
9