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TWTR. Buy Twitter shares but at a right priceI stopped following Twitter at some point of time but I´ve been curious on, after all the news bombardement and price movement we had in 2016, what price we may expect in 2017? I found a very interesting setup: on first place, we have an ascending fork (labeled green) where the Median Line hasn´t been reached. Therefore, as per Hagopian´s rule, the price should go as low as the Hagopian Line which connects two extreme minimums of the Fork in question. This would give a retracement to 13.30 area. Then I built another Fork (labeled blue) and found my target price area of 13.30 is very close from the bottom line of this fork. Finally, I tried to see if there were any harmonic patterns and spotted a potential Cypher pattern, which lower extension coincides with 1.414 Fibo level and the bottom of the fork labeled Blue, very close to the Hagopian line. As a conclusion, my trading setup is: Long Twitter shares at 13.30, with a SL placed at 10.35 and targeting the completion of a Cypher pattern at 22.20. If shares go to 12 and 11 area, I expect to be able to add longs gradually at new historical minimums.
NYSE:TWTRLong
by captain_smollett
GBPUSD - Closer look on a working tradeThe prior chart speaks for it self. This chart is a closer look to the current situation. Price closed below the L-MLH = It's going to the next extreme. On a higher scale, this would be a drop from the Blue centerline with target to the Blue L-MLH. But be careful: I see price got pressed. And the bulls holding it up, what leads to this small triangle, resulting in momentum. Pressings very often the not get smacked! It would create the potential to test/retest the white MLH or even the blue CL, before fulfilling it's job, going south to the blue L-MLH where my target (green) would be. Managing my trade in the prior chart and looking for a opportunity to load up in this one.
Short
by Tr8dingN3rd
CL - Crude: Give context to see tiny bitsCrude is really worth nothing at this time. Bouncing up and down at free will...at lest it looks like. But if we give it a little context, then we can see behind the curtain a little more. The big picture (whole chart) shows the GAP, a strong up moving market within a huge down swing since 2015. Mid term (fork) we see price respecting the centerline of the fork and it's trading at the upper extreme U-MLH since 2016/12 Short term, there is clearly something pushing price up, holding it at the slope of the parallel (grey). And we also see, that the GAP from the big picture comes nearer and nearer. Price is very pressed to the upside - no way to let it fall down. This is how it "feels" to me, when combining the different timeframes. A potential short term trade for me would be, if price climbes up the parallels centerline up to the GAP. Will it happen? We find out soon... Hunt mode on. P!
NYMEX:CL1!
by Tr8dingN3rd
CL - Crude stair steppingI really would like to short crude here. It poked the resistance zone now a couple times. But I also see the stairstepping...higher and higher... And all in all, price is trapped in a sideways range. ...just ugly! What's a trader gonna do with this? I'm trying to be patient. I observe and hunt a potential clear and obvious "tell", as Shane would say hehe... Mr. Market shall scream in my face. Until then...cooking, exercise in the gym and setting up some option trades. P! ...but I REALLY want to short it! ;-))
NYMEX:CLH2017Short
by Tr8dingN3rd
BTCUSD - Bitcoin still strong after bounce at the centerlineThe Swings... ...point one to the real direction. If a LH is clearly broken, then price has a high potential to turn the direction. One could make a living from trading only by trading the swings, depending of amount of capital and skill of course...no free lunch in the markets and no holy grail. The Fork... ... measure the Action/Reaction of price movement. Since price reaches the centerline over 80%, the potential target was already reached. The parabolic move... ...indicates that price is gaining "momentum" - as far as we can use this term on the weekly timeframe. But with this tool we can see that price is heading to the upside with more and more juice. Where will price go next... ...is only in the hands of the market. It is not my intention to "predict", but to project where it possibly could go. Projections have nothing to do with the trade itself. Projections are one peace of the puzzle for higher chances of successful trading. And the trade... ...is not ripe yet for me. There is no signal, no hint, nothing - just the actual path of price and the facts I already wrote. With these in mind, I observe and watch for signal, screams and obvious behaviour. Be happy & learn to earn §8-) P!
BITSTAMP:BTCUSD
by Tr8dingN3rd
2
BITCOIN - BTCUSD - The world is NOT FLAT!...by no means! Every action has a reaction, travels around the globe and comes back again. Western society doesn't seem to get it... However - What we se here is not a fluke. It's exactly the mirror of Action/Reaction. It's based on fundamental behavior, which in it self follows this universal law. We all follow it, there is no escape. It's the matrix we live in hehe... W8Kup So, let's see how this will continue, since this article reveilles wha's going on behind the curtain.
BITFINEX:BTCUSD
by Tr8dingN3rd
8
PFE - Pfizer to scare the crowd?After the last high, price dropped like a stone in the water. The last move signifies looks to me like the last puke, to scare the crowd out of the position. If you think - a market specialist has all the money he needs to manage the market to the big players favor. But there is one thing that makes me ummmmm..... ...watch the last huge bar in the orange part. It's a huge up- move. Along with the exact test of the L-MLH I would say, that there must sit big supporters. Swing wise, no lower low is broken yet. To me these are all signs for a nice and cosy long, with a stop below the base (27/25) for a longer play. P!
NYSE:PFELong
by Tr8dingN3rd
1
Crude - Doomed? ...what's doomed?I have some Credit-Spreads on the D. TF and price of CL. is very near at my short strike (50). Unfortunately this week are some news events about CL. So I decided to go lower in TF to see what's going on and I found this. We have a Sine Wave going on in the 480mins. As of my last postings, you can see that they show up allover the place in any market and any timeframe. (Sine Waves are a function of Action/Reaction, but I'm still not 100% understand the physics behind it because I'm just a Chart-Nerd and not a physician.) The Chart is self explanatory. As for now I will hold my BearCallSpread and preparing to take action if necessary. Cheers.
NYMEX:CLG2017Short
by Tr8dingN3rd
4
GBPUSD - ContextToo many information on charts. What's a trader to do? Put context around it to filter and see the important stuff. Price got rejected at the upper U-MLH (!) Here we are again. Another rejection will shoot price down to the centerline again (...maybe). If price can manage to crawl up to the orange line - I call this the 1-Line-Trade - I looking for signals to short it. But I'm never in a hurry and I also don't cry if I miss a trade...there are millions to come... Happy new week out there!
by Tr8dingN3rd