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Tradeplan

EURGBP - Long AoL (Areas of Interest)Considering the fact that this pair is trading above the 200 SMA on both the daily and 4 hour timeframes, I'm looking for buy entry areas in this ascending channel formation. On the chart I pointed out several areas which basically are along the ascending trendlines. If at any point I receive an alert of price action tagging one of these trendlines, I'll look for a potential long entry. Now of course I can't expect to always be right and hopefully this isn't one of those setups where I'm wrong, so for that reason if PA decides to break and hold below the lowest ascending TL, I'll exit and book my loss. That's it - That's all Merry Christmas!
Long
by Michael_Harding
EURCAD - Revised Trade PlanEURCAD continues to trade within a wedge formation. I'm waiting for either wedge support or resistance to break. I have my alerts set for when this will happen. Upon receiving one of the alerts, I'll then look for an entry point. I'm not one to jump in on trade the moment we get a breakout. I've learnt my lessons the hard way many times in the past with that approach. So rather than entering on the breakout, I'll get my alert notification and then will look for a pullback roughly around a 50% retracement of the bullish and bearish impulse. I tried to illustrate this idea on the chart. Now obviously I'm not expecting price-action to move exactly as illustrated but what I chalked up is a rough idea of what I'm expecting to happen. Hope this all makes sense and is easy to understand. That's it - That's all Trade Safe
by Michael_Harding
EURAUD - Trade PlanFAIL TO PLAN - PLAN TO FAIL So this trade plan is fairly simple. Rules to Follow 1. First and foremost, we need a break and hold above the descending trendline 2. Second, if or once we get the bullish breakout, we need price-action to pull back approx 50% of the bullish breakout impulse. This setup doesn't need a full pullback to support, which is currently triangle descending resistance. 3. Enter a small enough lot size to allow an additional equal or slightly larger lot to be executed again on the long side if price-action happens to go against the trade by 100 pips. On the chart, I left a comment in yellow showing where I plan to add a second long entry. If all out fails and price action breaks above the descending trendline and then decides to close back below this trendline that I'm referring to, I'll exit the trade and book a loss. That's it - That's all Trade Safe!
Long
by Michael_Harding
EURCAD - Waiting for Wedge BreakoutTaking a look at the 4h chart, price-action remains confined in a wedge formation. RSI is suggesting we might get a bullish breakout as this is now the third signal of a break above 50 in this current wedge. The 50% Fib Retracement level is also something important to note as the most recent large impulse was an impulse to the upside. See chart below. I do believe that we might push higher but of course, something significant needs to happen first for price-action to break out of this wedge.
Long
by Michael_Harding
USDCAD - Bullish Divergence Heading into PCETaking a look at the 1 hour timeframe, we have some clear bullish divergence with RSI and price-action. Whenever we get a setup like this, price-action does tend to bottom out and is likely to push higher. The question now is "Will PCE come in better than expected?" As of right now, the economic calendar forecasts for weaker than previous figures. This may leave room for a surprise to the upside and thus in fact bottom out USDCAD at least on the 1 hour timeframe.
Long
by Michael_Harding
XAUUSD - Waiting for 4hr Wedge to BreakTaking a look at the 4 hour chart above, we can see price action is trading within a wedge. I'm now just waiting for a breakout whether it's above or below. My intuition tells me, a breakdown to the downside is more likely with the bearish divergence clue were getting with RSI. Should we get a bearish breakout, I'll wait for a retest of the wedge support which will turn resistance to then target the 200 SMA which might line up with the 61.8% Fib pullback level.
OANDA:XAUUSDShort
by Michael_Harding
GBPJPY - Weekly OutlookFor those trading Yen crosses, I'm sure you all witness the extreme selloff across the board with yen pairs. Taking a look at GBPJPY on the weekly timeframe, price action is still holding onto a strong weekly bearish candle formation. There is possibility of a bullish retracement but I think it's best to wait and see how this weekly candle closes out. If we don't get much of a bullish pullback, I would suspect further pressure back down towards the ascending trendline. If that trendline breaks, look out for further downside as illustrated on the chart. Trade Safe!
by Michael_Harding
ES and SPX Trade Plan 10.13.23The primary level yesterday plan was 4430-4450 zone which was expected to be resistance for longer time frames as well as for the intraday session. We could barely do any trading above this level and we traded down into 4400 even before the cash session opened for business. 4400-4410 has even an important level for past few sessions and I expected some support to come in here which was indeed the case as we saw about a 20 dollar rally from this level. Eventually this level broke down, support became resistance and we traded down into 4350 in afternoon. Scenarios for tomorrow While I liked the action at 4430 as a longer term bear, I did not like the bounce from 4350. For tomorrow’s session, both 4380 and 4350 could be important levels..... Trade safe and Stay Frosty! For more info on today Plan link below .
CME_MINI:ESZ2023
by Beyond_Charts
GOOG Entry, Volume, Target, StopEntry: with price above 134.08 Volume: with volume greater than 27M Target: 143.16 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up) Stop: Depending on your risk tolerance; Based on an entry of 134.08, 131.40 gets you 2/1 Reward to Risk Ratio. This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NASDAQ:GOOGLong
by tradepatiently
Watching AMZN break of 139.64 for continuationThe headline chart is a 15 min chart, but it's easier to see what's really happening on the 5 min chart where it broke a wedge downwards and remains to reject entry back into the trend: I'll be watching for breakdown entry under 139.64 only if it retests it and confirms resistance. I would be looking for 138ish. Already played NASDAQ:AMD for +20% today. Continued to +50% on strength. Welcome to follow for more insights. Of course, this move is cancelled if it breaks 139.98 and becomes support. Thanks for reading.
NASDAQ:AMZN
by kingdips
2
India - Stock Ride the Revival of Reality - Kolte Patil - Trade NSE:KOLTEPATIL INDIA Company is in real estate business (Residential & Commercial) with dominant presence in the Pune and growing presence in Mumbai and Bengaluru. Koltie patil Company markets its projects under two brands: 'Kolte-Patil’ (addressing the mid-income segment) ‘24K’ (addressing the premium luxury segment). Market Presence Co. has delivered more than 20 Million Sq. Ft. of area across Pune, Bengaluru and Mumbai. New Launches Launches planned across all 3 cities of presence –Pune, Mumbai & Bengaluru with saleable area of ~7.2 msf Aggregate topline potential of over ~Rs. 5,700 crore Project Portfolio Q-1 FY 2021-22 29.38 million sq. ft. (MSF) project portfolio - Under execution - 3.22 MSF Approval - 10.36 MSF Land bank - 15.80 MSF Tie Ups under Capital Light and DM Model and expected Revenue and Profits FY 21 Signed three new projects with a combined saleable area of ~2.2 msf in Pune (Baner, Moshi, Wagholi) under capital light models. Expected Total Topline of ~Rs. 1,500 crore and KPDL PBT of ~Rs. 220 crore Three redevelopment projects with a combined saleable area of ~0.52 msf in Mumbai (Evara, Verve, Vaayu). Expected Topline of over Rs. 1,000 crore FY 22 Signed two new projects with a combined saleable area of ~1.3 msf in Pune (Hinjewadi, Tathawade) under DM model. Expected DM fees of ~Rs. 80 crore Three redevelopment projects with a combined saleable area of ~0.3 msf in Mumbai (Sukh Niwas, Golden Pebbles, Jeevan Sudha). Expected Topline of ~ Rs. 700 crore Bought Back Stake from ICICI KPDL entered into a share purchase agreement to buy-out the 50% stake held by 2 funds managed by ICICI Venture Funds Management Company Limited in the flagship Life Republic township project. The buy-out consideration was of Rs. 210 Crore and it is paid fully. Project Funding and Partners 1) Kohlberg-Kravis Roberts (KKR) committed INR 193 Crore in the R1 sector of Life Republic, Pune. 2) Company entered into a Rs 120 Crore agreement with an affiliate of J.P. Morgan Asset Management for its redevelopment project Jay-Vijay Society in Vile Parle (E), Mumbai. Residential Development Platform The Co. announced creation of a residential development platform with Planet Smart City, to develop 15,000 housing units. It will focus primarily on development of aspirational housing projects in Pune, Mumbai and Bengaluru. CEO appointment Mr. Gopal Sarda resigned from the post of Group CEO of the Company on 10 June 2021 and Mr. Yashvardhan Patil’s was appointed as Group CEO of Kolte-Patil Developers Limited (KPDL) w.e.f June 12, 2021. Awards Company received The Economic Times - Brand of the Year Award in 2019 Brand Excellence in Real Estate Sector
NSE:KOLTEPATILLong
by Peaceful-Weekend-Investing