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Strengthandweakness

TSLA - Relative Strength compared with peers and others SHORTOn a daily chart, the price action of TSLA is shown to be in a descending channel. An indicator has been added to show the strength of various symbols as compared with QQQ the broad ETF tracking the NASDAQ 100. TSLA is doing very poorly but better than FSR and XPEV which are performing poorly but comparatively okay compared with TSLA. Of the symbols on this list which is customizable and is a comparison on a daily time frame back six months NVDA, AMD and META as well as NFLX are outperforming QQQ the most. I have used this to further validate my TSLA put options overall as I also look at other stocks that may be of interest based on six months of performance.
NASDAQ:TSLAShort
by AwesomeAvani
2
QQQ and individual stock Relative Strength multi-time framesOn this 15-minute chart I have installed an indicator twice- to compare the relative strength of several symbols /stocks in its customization. One is set up for a 15-minute time going back 4 trading days while the other on the right 5 minutes with a lookback of only 30 minutes ( fully customizable). See comments in text boxes on the chart. I believe that this can be used to help find the best entries and exits for positions to complement other indicators. The setup on the right is best for intraday trades while that on the left could be used in swing trades. This could also be used to compare indices, commodities, or currency/forex on long and low time frames for a similar function.
NASDAQ:QQQLong
by AwesomeAvani
Relative Strength DXY vs Futures FXHello Traders! Here we are looking at the Dollar Index compared to the FX Futures (Continuous Chart). All the signs: 6B1! = British Pound Dollar 6N1! = New Zealand Dollar 6C1! = Canadian Dollar 6J1! = Japanese Yen Dollar 6S1! = Swiss Franc Dollar 6A1! = Australian Dollar 6E1! European Dollar I have everything on the same % scale. I am simply looking at who is the weakest out all the pairs to make a dynamic move with the dollar in consolidation last week and now in a this week breakout. From the 1H it looks like Australian Dollar was the weakest. As DXY went sideways it declined the most out the others. From the 1H it looks like British PounD dollar was the strongest. As DXY went sideways it increased the most out of the others. From the 1H it looks like Swiss Franc Dollar moved sideways as the DXY went sideways. Now I'm speculating AUD weak and GBP Strong. Which means I should look at the currency pair GBP/AUD. I should look for signs of GBP/AUD going long. Check to see if a HTF discount PD array has been respected and gave a nice dynamic rally away from it. Check to see where it stands in its IPDA ranges for the month of November so far. When the DXY goes sideway is will be a change for the commercials to manipulate the crosses like EUR/GBP, EUR/YEN, EUR/NZD, EUR/AUD etc...
CME:6E1!
by ForensicForex
GBPCAD : POTENTIAL REVERSAL ?The GBP is still at the top of the Daily strength meter v CAD which has dropped below the zero line the past 3 days indicating a push up for GBP. The problem here is that GBP has been attempting the move the past month and keeps being restricted in its advance. A break and close above 1.7100 should provide clarity to the upside for the time being. Should GBP start declining on the strength & weakness meter a reversal could be more favourable. POLITICS !!!!
by LIONHEART-FX
GBPNZD SS Long + 98 Pip PotentialPrice is above the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. BO Entry = 1.9643 Stop = 1.9618 Risk = 25 pips Profit target = 1.9741 (The projected daily High) Reward = + 98 Pips RRR = 3.92 - 1 I would appreciate if you leave a comment or like as a thank you! Have a great week ! Allen Thank you for all the support and pre-orders I have gotten for my new Book it is a step by step detailed explanation of my methodology followed by a day by day application of the methodology through the month of September. As one of the bonuses for purchasing the book I am providing 4 days of live training. I am limiting the training room to 10 people and those who "pre-order the book will receive priority placement. I have also been sending a great little bonus upon signup. Just to be clear, I am providing training for everybody, but placement is a “first come, first served’ basis. The cost of the book is $54.95 and will be available September 30. If you are interested, please send me an email at FXGold54@gmail.com
Long
by AGold54
6
CL breakdown continues powerfully, big Daily levels in sight nowUpdate to a previous post I made about the CL level breakdown. Bias remains short until proven otherwise. Flat, no clear entries for me until tomorrow morning when we look at premarket price action and range. Yesterday's trade posted to twitter. 11.25R despite mismanaging the hell out of it. It's imperative you learn to take wholesale entries, understand context, and know when to pull the trigger and when to HAPPILY stand aside.
NYMEX:CL1!Short
by structuredtrader
USDCAD...Short Term CAD StrengthThis week the BOC Gov Poloz spoke with a dovish tone, despite this the market took a bullish stance on CAD leading to some short term strength. The probability of a rate hike in July moved from 90% probability to 55% probability and has left investors disappointed. Looking at the technical analysis we followed the higher timeframe uptrend leading to our upper targets and 127.2 extension at 1.3370. We expected some short term strength to re-enter the market at this over extension and managed to trade the CAD strength on EURCAD shorts. We expect CAD to strengthen slightly as OIL looks to also break the highs of $72.00. We have to be aware that price will be in a retracement phase and keep to short term trades only.
Short
by ColmoreFX
AUDCHF LongAUDCHF long has been on the watchlist this as a strength and weakness pair. Strength coming from the AUD with a seasonal bias backing the strength up and weakness out of the CHF after recent declines against other currencies. With this in mind, looking to take this pair long with a technical entry. As you can see price broke through and re-tested a key daily support. A break above the highs will be the entry with stops below the swing at 0.7403. Looking to run this to the top of the weekly range to then look for a reversal signal.
Long
by ColmoreFX