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Inside Bar

Hey AMD fans here I am, a bat and 2618 combination.It's already the 5th month, AMD has been a very significant example for harmonic patterns trading! The latest butterfly pattern with a inside week breakout combination worked well, and after it finished a daily double bottom, here comes another trading opportunity. This one looks so alike with the 1st trade at the end of August, too, both gave a double bottom as confirmation entry. In terms of 2618 trade, we really need to see a clear pullback before trying to draw a 0.618 retracement, and let's take the drop yesterday for example to express this idea, while if it's still able to make a new pivot high, this trade remains there (but needed to redraw) . I'll also make this article updated if there is anything significant happening. Let's see how it goes! -- Thanks for all the followers and responses, it's amazing that there suddenly goes more than 500 followers! I believe many of you know me by these AMD articles (as they are by far my most viewed posts) I would really love to interact and discuss with you more, and welcome to check my Traditional Chinese/Simplified Chinese version of TradingView if you can read Chinese. There are also a lot more different trading ideas posted there! (I am also the 1st and only one to "freestyle" as a tag on Chinise version of TradingView lolllllll) tradingview.go2cloud.org (link to TradingView live chart) Welcome to click it as a like button for this article~
NASDAQ:AMDLong
by Trader_Joe_Lee
4
XAUUSD inside 4hr after new high, why not?In terms of inside bar after new high trade, it does rely on pure momentum, and the only indicator needed is 8EMA. I posted 2 inside day after new high trades the day before yesterday. They are too simple for some traders to take while they are so relentless for those who weren't able to take on the momentum train, so the thing is, when there is a ticket, will you take it? Indeed, the winning ratio for this kind of trade is not impressive at all, being stopped out frequently is the price of this ticket. Also, strict execution skills like 1st kick, risk-reward stop, trailing, and greedy 1st kick are MUST before trying to get on the train. I'm willing to take the long, while the spot of 8ema is a minus for this trade so I may lower the risk amount, and if it breaks to the downside first, the trade doesn't exist anymore. Let's see how it goes!
FX_IDC:XAUUSDLong
by Trader_Joe_Lee
SPX500 inside day after new high, why not?SPX500 had a nice start of 2018 to recover the loss from the last day of 2017, and it gave a strong inside day after all time high. So the question again, is it worth trading? My answer is: why not if 25 points risk is acceptable! if that's too much for some intraday traders, I still think the intraday long opportunities are worth taking! The only indicator for this trade is 8ema, and it almost finished 21ema correction, too! 2700 fig resistance hasn't really tested yet, which is a minus for this trade. While, this kind of trade implies to break following fig level itself, so I still willing to take this one!
FX:SPX500Long
by Trader_Joe_Lee
2
NZDUSD inside day, multiple choices! This article can pretty much illustrate many of my trading strategies lol! It has been so bearish on NZDUSD since August, and it bounced more than 200 pips to stand on 0.7000 again. Here, there is an inside day yesterday, and this chart I drew can create a clear mindset for the following movement. Whichever direction it goes, I'll have some strategies to trade. 1 is the simplest but most risky one, which relies on pure momentum to long the inside day breakout in a somewhat extended daily chart. 2 is waiting for the momentum to reach a supply zone and a bearish bat pattern to short 3 is an inside day breakdown short, with a bearish butterfly and EMA correction combination. 4 is 2618, XYAB, and demand zone long. Among these 4 strategies, my personal preference is 3>4=2>1. Let's see how it goes! ============================================================================================= tradingview.go2cloud.org (link to TradingView live chart) Welcome to click it as a like button if you like this article yo!
by Trader_Joe_Lee
ETHUSD, inside hr after new high, shall we?As I mentioned many times, inside bar after new high is one of my favorite trades. Related ideas for BTCUSD below were classic teaching material! My sister kept on asking me when is the best time to buy ETHUSD, to be honest, I don't really understand too much on how it works. So what I know how to do is to treat it as a trading vehicle. Buying at all time high seems silly , but that's how this trade works, and the only indicator needed is 8ema. I don't have too much preference and study on whether ETHUSD worth buying, but this set-up worth trading for me! Of course, strict stop loss and 1st kick executions are MUST for this kind of momentum trades! Let's see how it goes! -- tradingview.go2cloud.org (link to TradingView live chart) Welcome to click it as a like button for this article lol!
BITSTAMP:ETHUSDLong
by Trader_Joe_Lee
TEVA, inside day in front of exhaustion gap!TEVA was one of my favorite company to trade back to 2014-2015, and I was so bullish on the company then based on fundamental analysis~ After I stepped in the world of technical analysis and momentum trade, the story of TEVA has totally changed, too. There was a significant "island" formed by the exhaustion gap, and here comes an inside day. The short is the confirmation entry and the 8/21EMA correction combination; the long, on the other hand, is not a very great idea as it's fighting with the resistance. It's a better short than long inside day case, (compared to the relative idea below-- a both sided trade) Again, it doesn't imply I am predicting which direction it will break at all! Link to TradingView live chart! Welcome to click it as a like button lol~ tradingview.go2cloud.org
NYSE:TEVAShort
by Trader_Joe_Lee
2
WB, inside day @ 0.618 retracementThere has been crazy sector rotation these couple of days. Most of the tech stocks and Chinese ADRs encountered a sold-off. It's the time to choose direction and it did give an inside day for us to take our judgment. If it's able to break to the upside, that means the 0.618 is playing as a support and it's time to long; If it's able to break to the downside, that means the sold-off may continues and not a bad idea to follow the trend! So let's see how it goes, and I'm more inclined to trade the breakout than the breakdown.
NASDAQ:WB
by Trader_Joe_Lee
BTCUSD, inside day after all time high trade!Inside bar after new high is always one of my favorite trades especially when it already finished 8EMA correction. Of course, this kind of trade will long something at an unbelievable high price, but all it wants is the momentum to bring us to the 1:1 area. To be clear, the message of this kind of trade is "if it can break to the upside, I would like to long", rather than "I think it can break to the upside to let me long". Never predict, recognize and participate in a trend!
COINBASE:BTCUSDLong
by Trader_Joe_Lee
GBPJPY 4HR bullish bat pattern and inside bar combinationThere is still 45 minutes left to close as a inside 4hr, so let's wait! If it's able to close as a inside bar and break to the upside, it a worth trying long opportunity! I'm happy to have 400 followers on TradingView already! Thanks everyone for following me and I wish you a happy Thanksgiving! Please reply me any question, opinion or suggestion on my publishing style or my trading style! I'm more than willing to interact with my followers yo! And if you can read Chinese, please check my Chinese version of TV, I am the 1st one to use "freestyle" as a tag, let's get some tempo lol.
Long
by Trader_Joe_Lee
7
CVX demand zone long opportunityCVX dropped after its earning report, and it gave a inside day breakout afterward. At the same time, the oil price rallies a lot that is very close to the important pivot. Being bullish about oil but not willing to chase the high before the resistance, long a oil company may be an alternative. Often times, a demand/supply zone is formed by inside bar breakout/breakdown despite the fact that they have totally different trading philosophy. While if we missed the inside bar breakout to catch the momentum, a pull-back strategy is still better than chase the high.
NYSE:CVXLong
by Trader_Joe_Lee