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Bitcoin: BTCUSD Stop management post breakoutBeautiful Bigger Bitcoin Stop management after Break out She grows like Alien and she's every bit as magnificent. Sweet flag with a low at 7885 (and another forming, just consolidation) so the hastily written update to drop the stop under 7850 hopefully kept any newer traders who unwittingly got sucked in at the high from getting stopped out. That was a nasty no-man's land break for a while there. Could only update on the crypto currency pages here showing this flag and praying for the break-out proper. Notice how once again there are just two touches of the lower parallel (showing it's hot, very hot) before it blasts off? For newer traders, that was a hair-raising hour there - hope you managed to buy on the first pull back rather than the top (if you bought at the top please go back and read the full mad narrative of this 2 week long chase after Bitcoin and check breakout trades) Anyway, hesitate to say it because it always feels like it can come back and bite almost any time, but this is a good breakout. The Chinese may well try to push it down on their open, but by tomorrow morning it should be considerably higher than 8000. Very unlikely to trade below 7850 now at lowest later tonight. Except for day traders, stops need to be left under 7800 for tonight, and even better, under the freezer lid level at 7717. We just have to get through tonight now for the bull case to hold strong and to finally toss away that key (if you're looking to hold for long term: no bad idea. Usual premise: wait until you see Bitcoin all over FRONT page of your hardcopy/old-fashioned newspaper and then start looking for that key again. Or trade it and perhaps make money either way. If you managed to play the triple play by the book, as laid out and managed to keep your stop under 7660 as advised you are now 350 points up so far, but super-geared after using the first profit as stop for the breakout trade - after a stultifying 34 hours we finally got our reward. Turns out that 7717 really was the freezer lid. Hesitate to say it but ....soon we can throw away the key and ride it awhile. Hope you've enjoyed the ride so far. This is just the end of the beginning for Bitcoin. There will be a lot of money to be made from trading this beast. Perhaps not from owning it: who can honestly say? But we can honestly make that claim if we trade it sensibly. It's the best fun. Even better than football. It's as good as Paul Pogba. Almost. Initial support at 8000, then 7860 and then major support at 7717-7000. Whilst above here Bitcoin is headed much higher.
BITSTAMP:BTCUSDLong
by sumastardon
2
Bitcoin; BTCUSD Last valiant chance to go long with stop closeBitcoin A fantastic point perfect test of the parabola has held up Bitcoin so far. It's rallied to 7150 and stopped, coming back down to give a buying opportunity close to 7080, so look to buy as close as possible witha stop under 7050. If this ends up failing, we've had a valiant try and a faily small loss compared to potential gains if this is the to be the low. And if it isn't please refer to earlier comment for shorting strategies.
BITSTAMP:BTCUSDLong
by sumastardon
Bitcoin: BTCUSD Tracking parallel - use as stopBitcoin Update Still grinding higher. Stops under 7430 have stil not been hit, with a low since at 7434. Now it's entered the area around the highs it's meeting that profit taking we were looking for from 7500 through to the highs at 7590, but absorbing all sales very well, so far... It's tracking within a new impulse wave from the break-out around 7pm est when markets in the far East opened - (that was Chinese buying that followed the break back above the upper parallel last night) Whilst it tracks the parallel it's still very strong...when it breaks below the lower parallel it will turn weaker and then if it breaks below 7450 and breaks stops below 7430 it will start to unravel for a while, back to the next listed support at 7346. So day traders can stay long whilst within parallels and then short on exit from lower parallel on retest and rejection. Swing traders sit tight still awaiting a break above 7600 (with stop 60 points lower)
BITSTAMP:BTCUSD
by sumastardon
Bitcoin:BTCUSD Raise stops nowBitcoin: BTCUSD Upload Limit keeps triggering so will try to cover next few hours here, not minutes, which is not exactly easy at best of times... So far so good: support at 7346-7350 has held up well and stops remain good, so far...It's likely to keep running into profit takers in the zone from 7500 up to the highs at 7590 so if you want to close out in this range it's not a bad idea, looking to buy from lower down again or alternatively increase once 7600 (TYPO IN TEXT ON CHART, not 7900 repeat not, breakout is 7600) is broken on the upside (whenever that comes). or use a stop under 7430 to trap in nearly 300 points profit so far) Near term support at 7430 for day-traders, a break below here should see further declines to 7347 to begin with...so suggest a stops as above looking to buy back at 7350 area if tested...but with a stop under 7350 by at least 10 points, because if this level is broken on downside the it will hit 7270 most likely, if not the next listed support at 7137 before bouncing again. Swing traders who didn't catch the break above 7137 last night are advised to sit tight for now, awaiting a break above 7600 to go long with stop 60 points below to begin with.
BITSTAMP:BTCUSDLong
by sumastardon
Motivational message: STOP Asking for EasyTrading Psychology Definition | Investopedia Trading psychology refers to the aspects of an individual's mental makeup that help determine whether he or she will be successful in buying and selling securities for a profit. Trading psychology is as important as other attributes such as knowledge, experience and skill in determining trading success. #BeSomeone Production "All rights reserved" Daily Trading ideas and more, My channel: www.tradingview.com Best wishes !
Education
by fxCROWN
2
Adobe Trend Reversal or Buy Opportunity? Adobe (ADBE) exploded upwards on Friday, March 16th after reporting their earnings. At the same time, a huge reversal bar formed on the daily chart with the close at $126.94.  The following trading day’s bar closed just below the low confirming a possible reversal of a pretty massive uptrend the stock has been under over the last months. Not to mention, Adobe and Microsoft (MSFT) have announced a joint venture in customer engagement and marketing, as well as an Adobe announcements of new cloud services.  The cloud services could become a new commercial source of revenue, especially with Adobe’s niche in the creative marketplace as opposed to cloud service providers like Amazon’s (AMZN) AWS. But is it time to go short and sell? Well, for now, yes, or with less capital risk, fade the reversal.  Fundamentals for the company are strong, with growth showing in the long term. But our strategy is a swing strategy to take advantage of lower risk opportunities.  This trade with a stop loss above the high of the reversal bar at $130.30 is definitely not the lowest risk of them all, but a credit spread might suffice before a high potential for bullish continuation in the long run. If you’re an options player like myself or a straight underlying trader, then here’s a few sets of trades depending on your investment style. 1)      Short the stock Entry: any price today Stop: $130.31 on market close Trail it after two more days of closing bars until breakeven. If the trend has started in the downward direction, trail it to our middle moving average and follow it until the bulls take over 2)      Credit Spread Sell X Call, 21 Apr 17 Exp, 130 Strike Buy X Call, 21 Apr 17 Exp, 135 Strike Max Profit: ~13% Return on Risk/Investment 3)      Stay on the sidelines, and wait for a buy signal fractal for medium/longer term trade Buy X Amount of Calls, 20 Oct 17 Exp, 115 Strike Again, from a technical standpoint, we currently rate Adobe (ADBE) a Sell in the short term, but the bullish uptrend has a high likelihood of continuing in the medium to longer term due to the fundamental outlook and growth opportunities for the company. Until our next article.
NASDAQ:ADBE
by EdgeAnalytics
We Think $SIRI Has Some Sirius PotentialHonestly, I didn't even know Sirius XM was a publicly traded company until 6 months ago. Mainly because it's under $5, and I generally tend to avoid such stocks after getting burned in the penny stock world so many years ago. But SIRI is an interesting ticker, and one we recently acquired quite a sum of shares in for the long run, and by long run, I mean retirement. We bought for multiple reasons, none of which revolve around Warren Buffet's company Berkshire Hathaway (BRK-A/B) increased stake in the company; although that can be a nice boost. First, the company declared a quarterly dividend of $.01/share (.04/share/year). Granted, this is not a lucrative dividend amount by a long-shot, but it is one indicator of a fundamental shift in the company's long-term outlook to their business success. In essence, I like to see a company project confidence in their model by thereby rewarding their shareholders, even if it's a little. Oh, and that doesn't mean it won't grow in the future either. Second it's maintained a nice technical uptrend, so we're at least going to ride it for a bit of the long haul.  We've had two entries hit since the stock really started running. Third, we don't like to speculate on the future of a company's capabilities or markets, but due to our knowledge of satellites, I find it interesting that SIRI is named as a potential contender in the "Connected Car". The possibilities of Sirius's S-band downlink being used as a secondary or tertiary backup link, or a data stream to the cars' ability to predict traffic and best routes possibly could be a market entry when the self-driving car technology gains a foothold. This would allow for contractual growth and a steadily grown curve of revenue. For just a minute though, let's get a little crazier and speculate a little bit. Another interesting concept is Sirius' versatility and the company's placement's potential for scale. In reality, Sirius is a Satellite communications provider; it's just a one-way transmission to your car radio. But here's food for thought: satellite phone communications. At the moment, most sat phones are not even worth the average consumer buying due to the high cost of operation ($6/minute) and the infeasibility of carrying a brief case that holds the equipment. But when we looked at SIRI, we look at how other companies might be looking to scale, and how SIRI might do the same. We personally think that there's only so many cell towers one can build, and they only provide coverage in a certain area. Furthermore, the current satellite phone providers such as Iridium, Globalstar, and INMARSAT have a huge cost, and rightly so due to the amount of satellites they've put in orbit to maintain their service provision. But I think Sirius is a well-known consumer brand. Seriously. Ask any person on the street what it is and they'll likely tell you it's a satellite radio. Now tell that same person that Sirius is providing phone services to their iPhone/Android/Pixel. They probably wouldn't be very surprised would they? But how would SIRI do it? Possibly through a joint venture with a company like Google or Android since Apple is a competitor in the online music streaming business. If Google (NASDAQ:GOOG) were to come in, design a proprietary receiver/transmitter into the phone it'd be a win-win for both companies. Also, SIRI would be that service provider undercutting the competition SATCOM providers as well as terrestrial providers like Verizon (NYSE:VZ), T-Mobile (NASDAQ:TMUS) and AT&T (NYSE:T). Thus, Sirius would have then successfully expanded and would gain an insurmountable competitive advantage. The transmission architecture could possibly be supported both through uplink communications to a leased COMSAT (cheaper than building a new one) or through the joint venture to build an entire new constellation. Not to mention, Sirius already has a terrestrial repeater network for their radio services (much like cell towers), and this could have a
NASDAQ:SIRILong
by EdgeAnalytics
ETH wants to pullback !! Long closed! First ETH short of 2017! Market totally Exhausted. big chance of a pullback here. I closed my long today, i been longing ETH for the last 3 months during the 2017 reversal. i think we will see our first major pullback here to allow some fresh money & take out some fomo longs. Open - 2430 target one - 2050 target two - 1850 Stop - 2700 As always with all altcoin trading we will be reviewing our position in trade, these markets are very small with liquidity & orderbooks very thin. As we are trading against the longer trend here the position size will be fairly small. Fund management is essential, always protect your bankroll. Good luck all
Short
by Greenhill
5
USDJPY - BULLISH BATThere is a BULLISH BAT on USDJPY H1 timeframe with D leg completion at 111.740. Entry: 111.760 Stop: 111.250 Target 1: 112.880 Target 2: 113.600 This is how I trade a bat pattern. 1) Identify pattern completion point, D. 2) Place an entry order just above completion point. 3) Place stop loss around 10-15 pips below X. 4) Place profit target just below the 61.8% retracement of the AD leg. 5) If price moves up to the 38.2% retracement of the AD leg, manually close half the position and move the stop loss just above my entry to breakeven. 6) Do nothing. Either the market moves to my 2nd target or my stop. Good luck! Luke
Long
by Beebags