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SPY/QQQ Plan Your Trade For 12-2: Tmp Bottom PatternToday's pattern suggests the SPY will attempt to move a bit higher after finding support in early trading. The one BIG event over the past 5+ trading days is the SPY rallying above the Ultimate High level - breaking into a confirmed Bullish price trend. This is part of what I'm trying to teach you: the patterns, techniques, thinking, and logic behind my decisions are based on mechanical price structures/processes. Once you understand the structures and price patterns, it is simple to try to understand. Fibonacci Price Theory teaches you to follow price as the ultimate indicator - measuring and marking ultimate, unique, and standout highs/lows as trigger points. AnchorBar theory teaches us to watch for breakaway or breakdown bars as precise indications of price trend direction/momentum. The Excess Phase Peak patterns represent a more nuanced price pattern that can assist us in determining the current "phase" of the markets and how we can expect prices to react to that phase. If you understand these three concepts, I believe you, as a trader, can unlock any price action and determine what type of trend we are currently in for any symbol/interval and where your opportunity lies for potential trades. I will continue to delve further into trading and teaching techniques to reinforce these techniques in the future. Stay cautious as the markets are still struggling to find a post-election trend. The Anomaly Event is still likely, but the probability of such an event has fallen to about 30-40% overall. Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
4
What’s Flowing: Gold Short (CONTRACTION?)Gold futures are displaying a bearish trend as margins compress alongside a price decline. This contraction suggests a short-term downside continuation, making it a crucial moment for traders to monitor levels for potential retracement or further drops. Key Observations: 1. Price Action: Gold is trading near the lower boundaries of a consolidation zone, with resistance levels firmly capping upward moves. 2. Compression in Margins: As margins tighten, the market indicates decreasing volatility, creating a conducive environment for strategic short positions. Hedge Opportunity: For traders holding long Gold positions, hedging against further downside risk is now a practical solution. My Gold/Silver Inter-Market Spread Trading PAMM account offers a robust strategy to manage exposure and optimize returns through inter-market hedging techniques. Feel free to reach out to learn more about how to diversify and protect your Gold investments with minimal risk. Reach out for more information on the Gold/Silver Ratio Hedge!
COMEX:GC1!Short
by moneymagnateash
2
What’s Flowing: AUDCHF BullishThe AUDCHF chart reflects a bullish sentiment in the market, highlighting potential upward momentum. Key observations include: 1. Price Breakout from Consolidation Zone: AUDCHF has recently emerged from a well-defined consolidation range, indicating increasing buyer pressure. 2. Support at Fibonacci Retracement Levels: The price has bounced from a critical retracement level, suggesting strong demand in this area. 3. Moving Averages Trending Upward: Moving average bands align with bullish momentum, further confirming upward pressure. 4. Volume Profile Analysis: Recent price action shows significant buying activity at lower levels, reinforcing the bullish outlook. 5. Target Zone Identified: The next resistance zone lies above, offering traders an opportunity to capture gains in the upward swing. With bullish indicators aligning, AUDCHF presents a promising setup for traders eyeing long positions. Stay tuned for updates as the market unfolds!
Long
by moneymagnateash
When is a stock too high to buy? (Example: IHG)How do you know when you’ve missed the boat? A stock has already gone up a tonne, so bascally you are too late! Sometimes, you just have to let go, right? Sometimes yes, but not always - let’s look at an example. International Hotels Group (IHG) Back in 2020, LSE:IHG IHG shares were trading down at ~2000 GBX, now they are a hairs breadth from 10,000 - that’s 5X in about 4 years. Not bad. Can you really even think about buying shares at 10,000 that were 2,000 only 4 years ago. 🤔 We’re saying YES.. if you follow some guidelines. Clearly this is not a value investment - this is a momentum trade. To be buying IHG shares up here, one is basically arguing that the price at new highs indicates and buyers are in charge and the price is going to keep going up for the time being. This helps define the trade risk very well. If the trade is that IHG has broken out over the previous peak at ~8,800. We don’t want to be owning shares below this level - if they’re back below 8,800 the momentum has stalled and we need to be out. To put it another way, we are not buying just under 10,000 and willing to hold the shares all the way back down to 2,000 again - no. We want to ride the momentum up - not down ! From here there’s a pretty good chance that momentum takes the price up to the 10,000 level. As a big round number, there is also a good chance that profit taking takes place here too. That creates our buy zone between 8,800 and the current market price (9,750). So what might a trading strategy look like to capture this situation? The following is a way to have: An intial risk of £1000 to test the waters A total risk £3000 if/when the trade starts working A 2X profit potential (with the opportunity to capture more) Spread Betting Strategy: Target £6000+ Profit with £1000 Initial Risk Entry Points and Stops 9000 GBX Entry: Stop Loss: 8600 GBX. Bet Size: £2.50 per point. Risk: £1000. 9200 GBX Entry: Stop Loss: 8800 GBX. Bet Size: £2.50 per point. Risk: £1000. 9400 GBX Entry: Stop Loss: Trailing 400 points. Bet Size: £2.50 per point. Initial Risk: £1000. Profit Targets First Position (9000): Gain: 1000 points. Profit: £2500. Second Position (9200): Gain: 800 points. Profit: £2000. Third Position (9400): Trailing Stop Profit Example: 10,400 GBX: Profit = £2500. 11,000 GBX: Profit = £4000 or more. Summary Total Risk: £3000. Fixed Profit (First Two Positions): £4500. Potential Profit (Third Position): Variable, based on trailing stop. Reward-to-Risk Ratio: 2:1 or higher, depending on trend continuation.
LSE:IHGEducation
by jasperlawler
5
About to breakthrough!FX:HKG33 From previous post - D chart shown that the MACD SIgnal lines are both downtrend and breakthrough the zero line. Forming a short term bearish mode. The Index corrected down to 18956 (last week low). As you can see from the snapshot from W chart that week of 11Nov, week of 18Nov: -246.64 (-1.27%) week of 25Nov: +395.16 (+2.06%) This week - 2 Dec : as of now -109.64 (-0.56%) if the Index able to hold at the support level of 19330 and break 19785, the Index then considers reversal. the MACD Signal lines. Trade Plan - Day Trade : 19000-19700 (Long at support and short at resistance dependings on your tf Swing Trade : 2 days - 3wks : Accumulate at 19000-19150 Discount level, Take partial profit at 19300, 19700. Longterm Trade : The Index is now retracing. May accumulate & hold at 19340 (if you have been monitoring accumulating starting 16900.
FX:HKG33
by ChenQianYu