BTCUSD at Level 5 of Livermore Accumulation Cylinder: Send it!"When price and volume move alike - up up or down down - the market is bound to post higher price levels... The rationale for this is obvious: an INCREMENT in price should rarefy the buying power... But it does not: hence higher prices. a DECLINE in price, on the other side, should stimulate the SELLING PRESSURE... But it does not: hence higher prices." -- Jesse Livermore
See Livermore's Speculative Chart: i1.wp.com
Livermore
TRYJPY Downward moves continues (Daily)TRYJPY is still making a downward moves since the beginning of May of this year
I am still short on 4 trades
CURRENT POSITIONS
03-MAY 07:13 Short @ 26.304
04-MAY 06:11 Short @ 25.821
09-MAY 06:58 Short @ 25.240
16-MAY 07:48 Short @ 24.671
Trailing stop @ 25.059
Silver 01-May-2018 Downward (D)Silver has been moving downwards since the short price action signal on the 19-Apr and currently have 6 short positions open.
Short 20-Apr at 17.11
Short 23-Apr at 16.94
Short 25-Apr at 16.59
Short 27-Apr at 16.50
Short 30-Apr at 16.40
Short 01-May at 16.26
Initial stop at 17.4
Trailing stop at 16.55
16-Feb-2018 Gold correction... (Daily)Gold rose nicely yet approaching the resistance zone.
Short price signals formed on 1hr, 4hr timeframe and it looks like a price signal is forming on the daily.... so I've entered on the sell-side.
ATR: 14
2N: 29
ENTRY: 1352
STOP: 1381
R1: 1338
R2: 1324
R3: 1309
Hmmm... I am developing a contrarian habit because the line of least resistance on gold is up!
GBPUSD 09-FEB-2018 Downward move continues... (Daily)GBPUSD continues to move downwards even though the long-term trend seems to be up.
A price-action on the 8-Feb, confirmed the downward continuation from my point of view.
My next action at today's close:
If R2 target reached Then:
1. Adjust Stoploss to 1.4257 Break-even point
2. Add R2 position
EURUSD 07-Feb-2018 Ranging 1.2323 – 1.2538 EURUSD is currently ranging in the 1.2323 – 1.2538 Box and am still in my short position since 26-Jan.
My concern is still: "It's a bull market you know!"
I’ve updated my stops distance as I’ve re-calculated ATR according to my entry.
ATR: 0.0092
N: 0.0184
ENTRY: 1.2474
ENTRY DATE: 26-Jan
SETUP: PRICE ACTION
STOP 2N: 1.2843
STOP 1N: 1.2659
R1 : 1.2291
R2 : 1.2107
BTCUSD Hardfork 25-Oct-2017 (Daily)BTCUSD is still moving upwards leading up towards the bitcoin hardfork and reached a new high at 6189 on the 21-Oct-2017.
Next Action : Watch 5000 – 6190 Price Range
Box 1 : 5000 - 6189
Box 2 : 4330 - 5000
Box 3 : 3450 - 4330
Box 4 : 3080 - 3450
Box 5 : 2650 - 3080
Silver 18-July-2017 (Daily)On the daily-chart, the 7-July downward break-out created a nice Buy pinbar on the 8-Jul.
I am keeping an eye out around a major resistance around $17.15 and expect some resistance around $16.30
Summary:
Silver is in a downwards trend with Lower-High's and Lower-Lows
Resistance zone: $ 16.30 - 17.15
Support zone $14.50 - 15.5
SPX500 aiming for 2500? (Monthly)Let's zoom out and have a look at long-term horizon of the SPX500...
It's still in a upwards move with Higher-High's and Higher-Low's however June closed with a pin-bar.
Could this be the end for the Bulls and are Bears lurking around the corner?!
The 20/50 EMA are not touching at the moment and the June pin-bar closed higher (green) ... I think it's aiming for $2500...but you never know...
So I'm neutral at this moment yet am leaning towards a short but I must keep my head clear and not get biased in my own thinking. So I'm keeping an eye on this space, keep looking for signals and see how it looks the end of July.
Resistance zone $2400-2500
Support zone $1850-2150
SPX500 aiming for 2500? (Monthly)Let's zoom out and have a look at long-term horizon of the SPX500...
It's still in a upwards move with Higher-High's and Higher-Low's however June closed with a pin-bar.
Could this be the end for the Bulls and are Bears lurking around the corner?
The 20/50 EMA are not touching at the moment and the June pin-bar closed higher (green) ... I think it's aiming for $2500...but you never know...
So I'm keeping an eye on this space, keep looking for signals and see how it looks the end of July.
Resistance zone $2400-2500
Support zone $1850-2150