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Mohanee

JMIA ... CUP and Handle patteran and pocketpivots found on Hfor JMIA , I see CUP and Handle pattern on Hourly chart. Also found ocket pivots for 2 days. (see those cnadles highlighted in yellow color) ... That means volume is increasing , you have CUP and Handle pattern ... once it breaks the resitance line ... It will go up further ... See the explanation on the chart ... Let me know your comments ... Warning This is not finnacial advise ... for trading decissions please do your own research
NYSE:JMIALong
by mohanee
Bullish divergence on SPY hourly chartHourly chart ... SPY price is moving downwards(1) , however stochsatic is not registering that ... rather it is going up ... This is bullish divergence wait for a confirmation like price close above that blue line (dsma 40) as a green candle (i.e close > open ) or wait stochastic pull further above 30 line ... On Jan 5th also I have found and published the bullish divergence in SPY ... see what happened next price went up ... (see the previous link below )
AMEX:SPYLong
by mohanee
1
Wide Range Bar pattern and StrategyRecently , I have read about Wide Range Bar pattern. However I could not find any strategy based on that. WRB paatern is to find the Wide bar from last 7 candles and take long position on next green candle .... To test whether WRB 7 pattern , I have slightly adjusted to fit in my startegy ... Instead of 7 bars , script will check last 5 candles with 1.5 multi factor RSI 3 to check whether price pulled to OverSold zone. I call it as WRB5 and RSI3 strategy. Entry When WRB found in last 5 bars. RSI 3 must be below 20 reading wait for a green candle ( i.e close > open ) ( Note : wait cant be mmore than 3 candles. if more than candles , cancel the setup) Exit when RSI3 reaches 80 level Stop Loss : defaulted to 5% (purple line below the Long entery bar sow sthe stop loss) Let me know what you think about this idea
NASDAQ:QQQLong
by mohanee
4
Pocket Pivot AnalysisPocket Pivots are described in the book ‘Trade Like an O’Neil Disciple’ of Dr. Chris Kacher and Gil Morales Actual idea was explained for daily charts ... I have adopted this to check on hourly charts to find if there is any advantage for short term trading ... Logic behind this is price should be above 200 ema and consoidating around 10 or 50 ema , and current bar is green (close > open ) and current volume is greater than Max of down volume of last 10 bars. If you look at the chart above , pocket pivots are highlighted in blue background. Take a look carefully, most of the next bars are gapped up ... or there is continued up rally took place ... Let me know what do you think of this idea ... your comments / feedback is appreciated ... Note : if pocket pivot appears too far from 10 ema OR already gapped up , wait for pull back to 10 ema ... more details can be found here www.newtraderu.com
AMEX:SPYLong
by mohanee
1
Swing setups for possible gap upsI have found this strategy to find possible gap ups. set up ========= On Hourly Chart Plot EMA 200 ( in the above chart it is blue solid line ) Add VWAP , set weekly setting Add EMA , set period to 9 Change the source of EMA 9 to VWAP Lets call this ema9 setup as EMA9VW (in the above chart it is purple line) BUY ==== EMA9VW is above EMA200 when the price is crossing up EMA9VW set the stop loss previous pivot low Exit when gaps up (Take profit ) or wait until price crossing below EMA9VW close when stop loss hits Let me know what you think of this idea ? if your feedback is greatly appreciated to improve this startegy ...
AMEX:SPYLong
by mohanee
3