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Trendbreak

Interest Rates Look Bullish: TBF is the ETF to BuyOn December 20th I posted an idea for a long position in AMEX:TBF based on the likelihood of the asset breaking out of its long-term downtrend and short-term wedge pattern. Here is the link to the original idea: Today this breakout is taking place and I am initiating a long position in TBF. Given the technical backdrop and the fundamental/economic drivers, I believe this represents a solid opportunity for alpha generation. Initial Target Price: $25.00 Stop Loss: $21.49
AMEX:TBFLong
by BTCBanker1
EUR/USD potential move to the downside.There is a potential move to the downside on the 4 hourly time frame. This one looks pretty obvious to me with the Cypher pattern and trend break in the vicinity together with confluence on the pound. Many traders will put their stops in the same place so there is a possibility that the price may spike up a little past 1.07800 before falling back down therefore it is best to wait for confirmation on the lower time frames (1hr/15m) before selling. This approach will also improve R:R. There is around a 4:1 R:R on this and around 150+ pips to be had if we can catch it. Use good money management and best of luck!
Short
by Maxun
MM-Reversal-Probability-Index [MM-RPIDX]This indicator tries to show the probability of an impending reversal. It's using a number of different input signals and candle stick patterns and conditions: 6 different moving averages Averages of moving averages MACD RSI Stochastics Keltner channels Pin bar patterns Engulfment patterns The indicator is designed as an oscillator and treats positive values as a signal for an impending bearish reversal and negative points for an impending bullish reversal. At the moment it includes 46 different conditions to calculate the overall index. The 46 conditions flow into 15 signal lines which are summarized to the overall reversal index. This indicator is not just a simple line with a couple of peaks. It’s designed to interactively work with it. It's got tons of tweaking options in the settings section. Examples of usage: Use it for primary reversal detection Use it for reversal confirmation Use it for candle stick pattern detection Use alert levels to increase/decrease the number of reversal detections Detect MACD crossings Detect Moving Average crossings on different levels Detect indecisive areas of sideway chopping Examples of conditions: is there a crossing of the MACD? are there multiple MACD crossings? are there any significant crossings of moving averages? is the market chopping sideways? are there any reversal relevant candle stick patterns? did these patterns appear inside or outside the Keltner channels? are these patterns confirmed by the subsequent candle? was there a crossing of the %K and %D line of the stochastics in the last periods? is or was the RSI in the overbought or oversold zone? ... Concept: Instead of watching 10 different signal lines of indicators and candle stick patterns simultaneously I wanted to have one indicator which aggregates all (or at least a lot of) the relevant information. So the idea was to create an index and assign a specific amount of points to specific attributes or situations (e.g MACD crossed or pin bar candle stick pattern occurred and was confirmed by the subsequent candle and was outside the Keltner channels). After gathering all the information (or points) everything is boiled down to one index. Notice: there is no holy grail in TA!
by Meunier
4
short USDMXN adding to on break of trend lineFX:USDMXN has been on a savage tear the last 2 weeks. It has printed multiple Knoxville divergences as well. Using pivot points and trend lines, I shorted this on break of the last trend line. It now has 2 missed weekly piots, and 1 unhit weekly pivot. I want to short again on a break of the current trend line (which should also make it hit the weekly pivot). Ideally, I want to short it all the way down to the monthly pivot, but I may be satisfied with 19.0.
Short
by Dreadlegion