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Shorting the DOW. SL & TPThe Dow is currently rejecting significant trend lines on the weekly time frame and we are witnessing decreasing volume from a weekly perspective also. As many of you know who follow me, these trade set ups are what I look for as it allows me to set up a good risk:reward ratio in my trade plan with significant price action changes having to occur to stop my trade out. The good old saying goes, The Trend is Your Friend! Fundamentally, we know that the future is dark economically, and generally I do not look further then technical analysis when implementing a trade plan. But when we look at the fundamental uncertainty on top of the technical set up, we have to get excited about this particular position. If you are following me, you would have noticed a few weeks ago I published a short position for NASDAQ. Well, NASDAQ has since dropped significantly while the DOW has not further indicating that we are both fundamentally and technically advantaged in this trade set up. I have published the daily chart so that we can view the results of this trade day by day instead of waiting for weekly candles to roll over to update the chart.
AMEX:DIA
by CryptOReilly
ASX set for Trend Reversal. Bearish Divergence WeeklyHi all, as you can see on the weekly time frame (also monthly) we are witnessing positive price action for the ASX. Although positive price action is generally celebrated, it needs to be backed up with positive movements in relative strength, which in this case is not happening. As you will see on the chart published, despite the positive price action we experienced a lower high on the RSI, which during an uptrend can often be an early indicator for a trend change. This is commonly known as an RSI Bearish Divergence. Due to this, I am opening a long term short position in which I expect significant downside movement, and since being so close to the recent weekly high, I only have to risk a minimal % of my position. Anyone who follows me will know that these are my ideal trading set ups and I will more often then not open positions when these set ups occur.
ASX:ASX
by CryptOReilly
4
CGC continues to tighten in Equilibrium PatternCGC is currently in a very tight equilibrium pattern. Although these conditions are not ideal for active trades or anyone looking to trade short term, they are ideal for those of you whom are patient and are willing to wait for a break to enter a short/long position. Equilibrium patterns are my favourite pattern to trade from upon breaking as there is generally very significant movement to whichever direction it breaks. Please note, although not textbook due to amount of time, some may argue that this is a bull flag scenario. I will keep everyone updated as to what positions I open for CGC.
C
by CryptOReilly
Daily EMA Support v Weekly EMA Resistance As you can see on the daily BTC chart at the moment, daily exponential support has remained significantly strong. Although, when we zoom out to the weekly chart, we notice that weekly exponential resistance has remained significantly strong also. With a weekly equilibrium pattern also in play, trading conditions are not looking favourable until one of these exponential forces break. Although no opportune trading opportunities are present with BTC right now from my perspective, the longer this tight range continues for, the more reward there will be upon a break to the upside or downside. These scenarios also allow us to clearly establish significant support and resistance areas to create plans accordingly. Below are the two plans I have at the moment in anticipation for either a break bearish or bullish: 1 - Bullish BTC breaks through weekly exponential resistance zone with significant daily volume and lack of selling pressure (3950-4000USD) In this scenario, I would start entering long positions in anticipation for a test of 4188USD. 2 - Bearish BTC loses daily exponential support (3790-3850USD zone) In this scenario, I would start entering short positions in anticipation for a test of 3654USD. Many traders like to look at patterns from years ago to speculate on future price action, I myself prefer to just patiently wait for favourable trading scenarios where I can ideally trade the macro trend and mitigate risk as much as possible through effective risk management strategies. Trading right now for me is too risky in the cryptocurrency market until a direction is more clear. I am the unemotional, devotional trader.
COINBASE:BTCUSD
by CryptOReilly
EURUSD Optimum shorting opportunity As you can see on the daily chart for EURUSD, there is currently a strong downtrend in motion and we are approaching trend line resistance in which we anticipate a lower high to be formed followed by continued downwards movement. The reason this is such an optimal trading opportunity is that we only need to risk 1% of the position with the stop loss due to the downtrend being broken if a further 1% movement to the upside is made. Thus, we are creating a much more favourable outcome for us in which the trend is most definitely our friend. I have not been getting many likes or followers from FOREX publishes and am very willing to publish more detailed and frequent trade plans and analysis if people follow. I am the unemotional, devotional trader.
by CryptOReilly
How to surf NASDAQ like a Boss. +62% in 175 days strategy.Hello everyone, I just wanted to share one of my strategies since some of our clients have asked for it. This is a strategy that I use for trading more significant accounts. But I've found out that it works really well even with small ones, especially if you use leverage. On this strategy, we use Spectro M2 indicator by Hypester.org and Alpha-Omega Index , also by them. The features we are seeing and have to be considered, I don't wanna get technical with names, so I'll keep this educational: #1 The pivotal lines and it's green/red zones. #2 The arrows that point an oversold/overbought area #3 The warnings that give that extra confirmation #4 The blue backgrounds that tell you that the current trend is exhausted Now observe how I use it on the chart. All the stop-losses, entries, take-profits & targets are there. This strategy has yielded +62% in the last 175 days, and its conditions are relatively easy for anyone to follow. I use this strategy for many other assets and timeframe - I shared it because I feel like it's one of the simplest and yet robust ones I use. From that, you can guess what the next trade is, right? Let me know what you think below. Good luck with your trading, Specter
NASDAQ:NDAQ
by spectertrading
2
XRP/USD Founder Criticism After 16 days of lower lows, XRP prices are steadying, gaining in the last day and just 1.4 percent down from last week’s close. Though this is overly positive for investors –because it confirms our previous XRP/USD trade plan, we need to see spike in participation. From candlestick arrangement we shall recommend bulls once there is a clear break and close above 40 cents—our minor resistance line and buy trigger line. It’s easy to see why. Notice that after 17 days of draw down that saw prices did from 60 cents to spot prices, XRP prices risk dropping below 30 cents and 25 cents erasing gains of Sep 2018 and binning our forecast. But, in the last three weeks, there has been rejection of lower lows causing bulls to slow down thanks to the long lower wick hinting of increasing demand in lower time frames. Of note in this time frame is Nov 25 pin bar. After a week of strong bears, prices did find support and since then XRP/USD has been oscillating within its high low. For bears to dominate then we need to see clean breakouts below Nov 2018 lows. Then and only then shall we recommend shorts with first targets at Sep 2018 lows and later 15 cents or lower. Conversely, injection of bulls that ignites a rally above 40 cents shall trigger aggressive traders into action. When that prints, then bulls should buy on dips with first targets at 60 cents.
BITFINEX:XRPUSD
by kris_pad
QQQ-The Great Fall-Fibonacci/Wave AnalysisQQQ is a strong sell. Thesis: QQQ has completed a 5 Wave Cycle and will now begin the correction phase. Big Tech is immensely overvalued here. QQQ's chart has setup an irregular correction which occurs after a 5 Wave Cycle. Irregular Corrections have a phenomenon called 'Double Retracement'. The first retrace is the extension of the 5th Wave and the second is the whole 5th wave sequence. The first retracement usually covers only that portion of the fifth wave that went beyond a normal fifth wave. We can also compute where the irregular top will likely occur by doing the same calculations we would use for a zigzag. Irregular corrections can also occur after a normal fifth wave. The only difference is we need not get the full second retracement of the fifth wave as is common with an extended fifth wave. The first move after the end of wave 5 would be a three wave affair (Check) and is labeled as Wave A. The Wave B that follows will also be in three sub waves but the price will exceed the top of Wave 5 (Check). Thereafter, we will get a normal Wave C made up of five sub waves (Happening Now). Wave A - 3 (Completed) Wave B - 3 (Completed) Wave C -5 (Underway) Facebook = MySpace? Can Facebook be replicated? Can Twitter be replicated? Can Google be replicated? Yes. Also, data privacy and misuse story is only beginning... Another important clue that you can keep in mind is this. Compute the time and distance traveled by both the waves 2 and 4 of the lower degree. Then, your zigzag correction will be bigger in size and take longer time than the bigger of waves 2 and 4. For example, suppose wave 2 traveled 50 pips and took 3 hours, whereas wave 4 traveled 25 pips and took 5 hours. In this case, your zigzag correction will take more than 5 hours and will travel more than 50 pips. Will update. -AB
NASDAQ:QQQShort
by FibMarketWatch
5
REN-Wave Analysis-Cycle Wave 3REN looks ready to begin it's cycle 3rd wave. REN has completed lower degree waves 1, 2, 3, and 4. (Blue) Waves 1 and 3 were normal which hints to an extended 5th wave.(Blue) The 5th Wave has passed the .618 measure (0-3-4) Only concern I have is the Saudis who have the power to control the price of oil and Trump pressuring the Saudis to produce more... But, the Saudis want to take their state oil company public which makes them want higher oil. That being said, the chart looks good and could have substantial upside. First Target is $43.00 The Fibonacci ratio series is also used to anticipate the terminal points of wave 5. The technique involves calculating the distance traveled from the start of wave 1 (i.e. point 0) to end of wave 3, and computing both a 38.2% and 61.8% measure. Add the results to the bottom of wave 4, and you will get two potential targets for Wave 5. If both waves 1 and 3 were normal waves, then we should expect wave 5 to be an extended wave, and the possible target will range upwards of 100% of the distance from point 0 to point 3. Will update. -AB
RLong
by FibMarketWatch
MFSL Trade Plan 2018 Sept 14 On 10th Sept 2018, there was a huge Volume of 4930K as well as 637K marked delivery in MFSL. MFSL had come down during last 2 sessions forming LHLL. But, there was Green candle in the last session. There was recovery of 1.63% during the session once the counter had crossed Last Low. The recovery was fast but the volumes were at the lower side compared to its previous session. Last Trade was 469.70 But Close was 471.55. Means during the last half hour there was either short covering of last 2 sessions or new demand. Trade Plan : Expected opening around 470.50 The counter shall attempt to cross the last high. At the end of the session there shall be a positive close in the counter. Keeping the above move, try to buy below the Opening rate during the morning euphoria. Once the counter crosses the Last High, book 50%.
NSE:MFSL
by thevaldhaval
DLF Intraday Trade Plan for 16 Aug 2018It is BULL forming HHHL future candle. Strategy: Try to SELL above 204.80. It shall be a scalping trade. Book immediately, as counter shall be highly volatile on 16 Aug. SL will be 0.5% If the volume is lower than 161,000 as well as BB Top is crossed, in that case: When the rates are coming down from BB Top, wait till RED candle. Consider low of RED candle as Sell entry point. SL will be BB Top + o.25%. If Volume is higher than 161,000 DO NOT consider selling. In that case SKIP Trade in this counter. Trade Plan is based on14 Aug 2018NSE data. NSE:DLF
NSE:DLFShort
by thevaldhaval
USDJPY to fall below 109.000With proper setup short trade is a great reversal trade, and if it drops to under 108.000 but holds it is possible price is being either supported for or as a retracement downtrend (Can try use Fibonacci as recommended by me), otherwise will rise to downtrendline resistance. The way I see the market is now ranging in the top, to fall either as a retracement for a breakout up or continuation of downtrend since it has formed a 1D triangle and right under the falling downtrendline. Yet, the safer way of trading a confirmed reversal is if price drops below gray Midline (live chart) and 'TDI Pro indicates overbought at near below gray HighMidline as resistance.
Short
by YardleyRosette