Shorting
Coming to a PointThis descending triangle is finally coming to a point. I expect a price breakout into a new level, and, will be looking for confirmation of a breakout generally before the 28th. The descending triangle would usually suggest a downwards break. My price projection is probably wrong, but, I would expect to see 3-5% movement into lower levels within the next few days
AUDJPY continue to ShortLast idea on AUDJPY went well, and I believe that more shorting opportunities are going to continue to exist. Playing off the 61.8% region, which also has a strong resistance area is my next choice of entry. However, entering a short right now as well may also provide a good opportunity.
Potential Shorting opportunity AUDUSDHello Traders,
We have a potential shorting oppotuninity on the AUDUSD.
If price can pull into 0.7489 we have a bat pattern completion.
This presents a shorting opportunity, following the downtrend
In this price area we have previous support that may act as resistance.
Futhermore the Bat pattern completion is very close to the 0.7500 psychological level which may act as additional confluence.
I will be keeping an eye out for signs of overbought conditions or divergence.
Feel free to like, share, comment and follow
A VIX product shorting algo (quick just for a buddy)the yellow line is the RSI,14 of the VWAP of VXX
The other two lines are related to: VWAP of VIX futures price minus the VIX spot price . So the volume weighted premium of the near term futures (I think).
Green is the long (50 day) moving average of the RSI of the above value.
Pink is this: short_ma = sma(((v_rsi - 50) * 1.5) + 50, 30) -- and to be honest I have no idea what I was thinking here, 50 is the mid line on the RSI oscillator... idk
Anyway, it shorts when the yellow line is >60 AND the green line is above the pink line
and just closes when the pink crosses back over the green and the RSI is < 50
DJY0One of the critical things to look for as a trader is DISTRIBUTION from the funds. We look at this on the indexes. Any index showing signs of distribution is a clue that potential turn is coming. One day a trend does not make, but if we see a series of lows and higher volume on those lows it is critical to get to the sidelines...or tighten stops. I look for 4 plus days in a month of trading to give a warning. Or a cluster of high distribution in a short time. This tells me the institutions are taking profit or exiting..I want to be the little wave runner in the wake of the huge Ocean Liner by following their flow of money.
Short GBPJPY Daily OutlookShort Entry @ 191.640
StopLoss @ 192.220
Take Profit @ 189.770
Broken Daily support over bought have had a double top in the past couple days which ran right back into the support turned resistance marked by the pink line.
Fundamentally the Yen has gained some strength and it is being shown a little bit across the board.
Technically we can see a lot of structure in play and see a quick fast nice and easy opportunity with a Risk:Reward coming in at 1:3.22 Looking at the structure of this trade we can see a support coming in from a previous high for a take profit at the level of 198.770 just incase it does ascend once it reaches that level.
For a stop 192.220 seems like a fairly decent area without being too close to current Price Action.
Please feel free to give some feedback and share your thoughts Thanks :)
- Rennie
Shorting the EURUSD for next weekThere is pattern of a H&S in the EURUSD. I'll be waiting patiently to see what will happen with the U$ tomorrow. That might be the push to complete the right shoulder. I will take the short if there a bearish candlestick formation nearby 1.13493 (Against all rules about trading the H&S pattern). And this might sound very optimistic, but my limit will be way down to the 1.06413
Shorting opportunity on Devon Energy (DVN)Here is my Free Trial Shorting Trading Signals - I only focus on large cap stock which are part of the S&P 500.
I will be posting everyday at around 30-120 mins before the market close.
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Short DVN
Entry - before market close today (10/03/2015)
Stop Loss -58.15
Take Profit - 54.30
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or PM on Tradingview
Short Trend Continuation $AUD $CAD #RBA #forexI already entered a short position at 0.968. I think a downward trend will continue after a short pullback period in wich we are now. The trade is fundamental based on the Policy of Reserve Bank of Australia. It cuts the cash rate by 25 bp to 2.25% to a historic low. They argue that it will boost the economy and will provide support and growth. Well we will see the opposite.
SL 0.987
TP 0.9488
Rejection CHF/JPY on Pivot PointThis is a trade I initiated just moments ago. Shorted at 122.06 with 5 pip stop loss and setting the first profit target at 121.550 (Friday's close).
I'll be closing 60% at first profit target and 20% at 121.100, current day's low.
Should the first profit target miss (it's truly a long-shot), I'll be closing 60% when a 5-min candlestick prints a new high, after moving 20 pips downwards. Of course, stop loss will be moving to break-even point.