Netflix: NFLX Potential Short then long set-upNETFLIX NFLX Buy Neflix and Chill - but where?
Volatility returning to the market is throwing up some
interesting short term trading opportunites, with Netflix being
a prime example... The nearest support lies at 261. If this
fails today it should open up a shorting opportunity back to
228-245 range. The 245 level is important, being the start of
the gap...should tghis level then fail today it opens a second
short back to 228-227 where it should rally from so can
consider reversing the short here with stops below 226. And if
wrong here, and there is no rally and 226 then fails it opens
yet another shorting opportunity back to 204-203 where it will
definitely bounce away again looking for a retest of the highs
again.
Then
XRP took my losses and set new buy orders.Found bearish signals today to I reevaluated my TA decided to take my losses a bit early and set some targets at a more reasonable low this is the same fractal that played out last time. after this I still see the major bull trend continuing . I have more capital in LTC and DASH again.
FDN: Final stage of medium term internet ascent this week...FDN: First Trust Dow Jones Internet Index Fund - in 4th and likely final phase of the rally which began in early 2016. It can go on another 2% from here but then should hit problems. Use this index fund as confirmation next week - looking across the FAANGS for signs of completion. This looks like the final vertical ascent. Don't get sucked in now. Rather, get ready to bail if a swing trader.
short term sell long term buy 1. here was aver strong down trend
2. a reversal wedge pattern found in the end of the trend
3. boom!! a break out of the pattern and the trend confirming that the market just begin the revers followed by a flag
for a long term its a buy after the break out
for short term trade in 4 h chart is a sell till the down line of support line of the daily flag
so wait for the 4h contiuation patterns to complete and sell after a break out
then buy again in the support line of the flag after a reversel pattern i will update you step by step don't worry .....and good luck traders
EURUSD has a new trough (Using limit orders)finally, while UK is asleep - EUR is jumping up...
good or bad - depends on your market approach.
basically some of us has missed a good intraday move everyone have been waiting for.
but ok, as I see the current market situation the level of 1.115 must be cleared before the market will continue it's up move, (if it will, we can not know for sure - never).
also the price has already bounced off the resistance level at 1.122
so some will ask what to do?
So here the limit orders will help us to get a better price anyway, or at least a smaller lost.
by the limit order, I do not mean exactly the order, but the limit approach, or in another words - a better price thinking.
So where would a multi million fund buy if they wanted to buy,
Where would they sell if they wanted to sell?
first -- always have this questions in your mind when trading,
here is another must do thing - a small stop losses, but I will talk about it later.
so ok, if we're considering a continuation of a short trend, as we already had a very nice top more then a week ago, is the decline enough for going short now?
do not think so, why?
well answer the questions above, do we have enough people buying?
not yet. some are still selling, and waiting for a further decline, when their losses will be big enough, and they will close their loosing positions, and wil start buying - a smarter guys will start selling to them.
What tools to use and how to establish this type of thinking?
well some are using "EWA", I'm using my own "SWA",
and on my approach I'm using tools like fibo, and we're now at 38,6 which is not really enough. but some traders will start to sell and put their stops just above the current high.
smarter guys will wait or will put their sell limit orders just above the current high with a goal to get the other's orders in order to have a smaller risk and better price.
in case of entering long - will the smart money enter now, or will they wait?
I guess that you know the idea and the answer.
I will be open for your questions and will answer them all. All You have to do is simply ask.,
Your likes are appreciated!!!
Some Down then Upthis triangle will head towards the E then head up ....so short to around 2700 Yuan then long for up trending Impulsive wave
CTL break traded towards completion of D leg of ABCDSimple break of Counter Trend Line with target at D leg completion (127% extension of AB).
I'll be looking to hold my position until the 127% extension and completion as market on the chart. At that point i'll be looking to enter a short to fade down to the 38.2% and 61.8% retracement levels.