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Trade Log NIFTY May 11About trades today. I sold 9300 PUT as there was a gap up opening above 9350. This position is trapped. I squared off the position for loss. I also squared off my positions from Friday. I hold 9500 CALL. That position is open. NIFTY Opened gap up above 9350 and sustained there for some time, like 30 minutes. But then it was straight down day. So 9340-9440 is a hard to break resistance zone. I have the following observations about today's price action 1. NIFTY has opened gap up and closed the gap. This has happened 3rd time in last 5 days. 2. NIFTY showed follow through on the downside after breaking below 9350. 3. VIX fell little less than a percent. 5. Advance Decline ratio 30:20 , on positive side. 5. BANK Nifty fell down 2%, mostly due to ICICI Bank I read this action as 1. I assume now some momentum is gathered. If NIFTY breaks below 9130, this fall will touch 9000 region.
NSE:NIFTYShort
by Observe_Think_Act_Think
BTC Short-TermHi everyone After a $ 2,000 dump, we saw a very good recovery from 8400 lvl I think that area was well supported and did not allow bitcoin to fall further Continuing to move up to 8100 was just to get more liquid and was worthless We are still in the process of bitcoin rising. And we have another chance to test the powerful 9500 lvl If that area is broken, the next Bitcoin Target could be around $ 11,200 However, the most important option now is that Bitcoin does not lose 8450 support. And in case of loss, the next destination can be the range of 7800. I hope you are patient.
BITMEX:BTCUSD.P
by kingcurrncy
1
POSSIBLE SHORT OPPORTUNITYHello traders! We have a bearish Cypher completed on the Aussie-Yen. This could present a possible short opportunity. Not only are we look at a bearish Cypher, the C-D impulse leg is at an overbought area where we are seeing a push up to the 1.13 extension of the impulse move. If the market fails to push higher and we see price break below the zone illustrated, we could see a bearish reaction. This would represent a failed break and we have an harmonic pattern for extra confirmation. Price action should be monitored for trade opportunities. This is an idea not a signal, shared for educational purposes. We should react from the market, not predictions. Trade smart don't gamble. -Rum
Short
by PipTips
1
GOLD perfect short entry and weekly expectationGOLD perfect short entry and weekly expectation --> Open position at 1702 support/resistance level what correspondate to the trend break-out (100% Fibo extension) and intersection of the globale weekly triangle pattern upside and gravity trend. - First target 1681 - Second target 1671 (After Triangle break out with 2 candles in 15M timeframe!) - Third target 1651 (After Triangle break out with 2 candles in 15M timeframe!) - !! Stop loss for other targets: 1709*
TVC:GOLDShort
by MarjaniFX
1
USDCAD - ForecastHey guys! This is my forecast for USDCAD. My forecast is concentrating on the third touch on the channel. This gives me a bigger edge for the short position. I always look for the multitouch identification and little bit of correction to the third makes it also more probable for short. My profit target is to the lows of the structure so I'm happy to take the trade at the top if I can. If USDCAD starts to make a correction like a flag type pattern, I'm happy to stay out of the trade because it hasn't made a third touch (multitouch identification) so it makes the trade less probable to play out. That's my thinking process for the USDCAD.
Short
by albiiinoo
1
EURUSD - Possible long opportunity. Hi, EUR USD broke thru our downtrend line and positively retested it and gave us a big engulfing candle afterwards, which would indicated short-term bullish opportunity . My entry point is located at retest of 61.8 FIB and initiated targets are: 1.272 FIB which also is 1:1 projection of first wave, my 2nd target is 1.618 FIB which is also my final take profit and it occur in double top are of previous high from 9th of march 2020, where also lies a strong resistance on 1W. This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
Long
by Coder775
1
CADILA - towards 315- 300Stock has been trading in a descending triangle range and range is broken on the downside and stock is probably heading towards 315 and 300 levels The only missing part here is a rising volume, but not of a great worry as stock can still fall without much volume and risk reward ratio is also in favor of the trade. I already timed the trade using 15 min chart. My stop loss was at 332 and now moved to 329. Initial target is 320 and then 315 and if stock reaches 315 and still showing signs of weakness, trade can be pyramid there. Do not Follow Blindly, do your own research please.
CShort
by manuagarwal21
Trade Log NIFTY April 29NSE:NIFTY broke out of the range today. 1. I squared off trapped call positions for loss. 2. On breakout, sold 9500 PUTS which were squared off profit. Some ideas from the price action today. ------------------------------------------------------------ Today may be much awaited start of the breakout. The strength of the breakout is pretty strong. But one thing to be noted is This breakout still need to be confirmed by spending couple of days more building on this strength and staying above 9400. The overall market breadth was not very strong. 38 Advances and 12 declines. Since large move is made today, tomorrow we may have consolidation. Once again remember overall view on monthly time frame , This is just a first meaningful bounce which can fail anytime. So better to stay light on long positions.
NSE:NIFTYLong
by Observe_Think_Act_Think
The Ethereum is money of the futureAt the monday we will check the unemployment rates and it will be high. The first week will be almost calm, but when the people will see the government can't do anything with it or release carantine from the economy - it will produce new wave of COVID sick and new panic wave at the finance sector. The highest pick of COVID would be at the middle of the may. Also BITCOIN hardfork, and the planning Berlin hardfork at ETH Summer 2020. All this point soon fall of the eth after the little growth in the correlation of the bitcoin. I think the whales will take their positions at 50-60$ per ETH Be calm, save your money, keep bright
Long
by lexxstorm
8