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Trendtrading

CARVANA $CVNA - Feb. 15th, 2024CARVANA NYSE:CVNA - Feb. 15th, 2024 BUY/LONG ZONE (GREEN): $48.00 - $60.00 DO NOT TRADE/DNT ZONE (WHITE): $40.00 - $48.00 SELL/SHORT ZONE (RED): $25.25 - $40.00 By request. My main focus would be on the range between $40.00 - $48.00, this area has determined the trend five times, which are seen each time price touches and breaks or touches and rejects. Currently I'm looking at a bull trend that was set after a breakout of the range in the $40-$48 zone. Any data before June 2023 I was not considering. If I had to look for an upside target, assuming the trend stays bullish long term once price reaches $60, the next logical point would be $103. Due to the lack of data and because price is trading away from the start of my bullish zone, I personally would not look to enter until there is a reaction to the $60 area or a pullback to the $48/$49 zone.
NYSE:CVNALong
by TonyAiello
3
GBP/USD Follow upA quick Follow-up on the GBP/USD Long Trade. We have reversed the position at 1.2448 a test of the structure 2. Technically, the trend is still down and a failure to trade above the structure 2 makes the GBP/USD still bearish. The last Bullish wave 4 to 5 has given us a short setup using the Fibonacci. This is a high-probability setup for a strong reversal (short) or a downtrend continuation setup. Initial Target 1.2347, If the price breaks below 1.2330, the downtrend will continue. Stop Loss: 1.2473
Short
by Charts247TradingAcademy
7
USDJPY Analysis: Bullish Bias Despite Market Volatility- Market Sentiment: Bullish Bias - Weekly Chart Analysis: Violation of Recent Resistance Indicates Strength - Trade Plan: Buying Opportunities Favored over Shorting Analysis: - Market Sentiment: Maintains Bullish Bias on US Dollar, despite market volatility - Weekly Chart Analysis: Notable violation of recent resistance level on the USDJPY Weekly chart - Implications: Market speculation regarding potential BOJ intervention in FX Market - Trade Plan: Prefers buying opportunities over shorting due to pair's independent behavior Trade Plan: - Buying Opportunities: Look for buying opportunities at support levels (e.g., 154.27, 154.12, 153.89) - Support and Resistance Trading: Shorting opportunity at 154.70 on the 1-hourly chart, although not actively pursued Insights: Maintaining a bullish bias on USDJPY despite market volatility, with a focus on buying opportunities over shorting. Preference for buying entries at support levels, while remaining cautious of resistance levels for potential shorting opportunities. Exercise caution and adaptability in response to the pair's independent behavior. 📈📉 Remain vigilant and adaptable in navigating the USDJPY market, prioritizing risk management and flexibility in trade execution!
Long
by RaynLim
Buy Low, Sell High: Meta and Nvidia's Opportunity NowBuying NASDAQ:META and NASDAQ:NVDA : Balancing Risk and Reward Despite the recent market downturn, the long uptrend and strength of Meta and Nvidia remain intact. While short-term market fluctuations may present challenges, the long-term growth potential of Meta and Nvidia outweighs the current market volatility. Risk-Reward Profile: While investing in any stock carries inherent risks, the risk-reward profile for Meta and Nvidia appears favorable at current levels. Despite short-term losses, utilizing volatility to compute a close stop-loss level can effectively manage risk in this negative environment while leaving ample room for potential gains. This strategy, frequently employed by seasoned traders, maximizes opportunities in turbulent markets. Stop level: 480 Weekend Factor: However, it is important to keep in mind the negative exposure to war-related news associated with any long trade carried before the weekend. There's no guarantee that Monday's open will align with or exceed the stop level, potentially resulting in larger losses than anticipated. Therefore, investors should carefully assess their risk tolerance and adjust their positions accordingly. *************************** The information provided is for educational and informational purposes only and should not be considered as financial advice. Investing in stocks carries risks, and individuals should conduct their own research or consult with a financial advisor before making investment decisions
NASDAQ:METALong
by CF_444
Trends in conflict; Signs support "Sell in May and Walk Away"Trends into today are; Last Macro Trend Signal Spots (ES Contract) 30m - 5111 Uptrend (4/17/2024) Lower High 1Hr - 5220 Downtrend (4/12/2024) Lower Low 2Hr - 5203 Downtrend (4/12/2024) Lower Low 3Hr - 5197 Downtrend (4/4/2024) Lower Low 4Hr - 5197 Downtrend (4/4/2024) Lower Low 6Hr - 5250 Downtrend (4/2/2024) Higher Low 12Hr - 5204 Downtrend (4/4/2024) Higher Low Daily - 5166 Downtrend (4/12/2023) Higher Low Weekly - 4769 Uptrend (12/11/2023) Higher High Monthly - 5304 Uptrend (03/31/2024) Higher High As explained in the video, the shorter-term trends are calling for lower moves, although the longer-term trends are violated and would be calling for a rebound. In spite of that conflict, I don't expect that rebound in the immediate future at this point. I go into a longer explanation, but overall I have been shorting the market, and currently have a Short position from 5200. I am looking for this position to hit around the 5000 mark, and then may cash out and wait and see what happens at that 5000 mark. I may look for a reversal position if we head near that area. The vibe is basically that Inflationary issues persist, geopolitical tension could cause chaos, and ultimately the US Economy is amazing and resilient. Next week we have major earnings though, so this short move lower could be done for and we could head into a rebound then, before heading lower or at least sideways once again going into May, as we see the old trading technique of "Sell in May and Walk Away" hold true. General Sentiment - Bearish Overall Sentiment - Bullish Safe Trading, and remember your risk management
CME_MINI:ES1!Short
by SemperTrader
#ETH seems like is ready for the upside moveAs visible in the chart, we have a well-established bullish trend and market structure in the daily timeframe chart of ETH. Following the formation of a top on March 12th, 2024, the price initiated a corrective bearish move, corresponding to an ABC zigzag correction and retracing approximately 61.8% from the previous bullish move. Furthermore, the price has also reached a bullish trendline, which could act as static support. Additionally, tomorrow, on April 19th, we have the halving event, which has historically brought buying pressure to ETH. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
AUDJPY: Thoughts and Analysis Today's focus: AUDJPY Pattern – Continuation Support – 98.90 & 98.35 Resistance – 100.20 & 100.60 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the AUDJPY on the daily. We could have a new continuation forming as buyers have beaten yesterday's high backing in a second positive session. Australian employment data came in mixed with a decrease in unemployment. This, with a weaker Yen, looks to be supporting buyers at this stage today. If we see a move below today's low or back below 98.90, this could be a warning, as it will cancel out continuation ideas in the short term. What do you think? Do you think this is a continuation pattern? Good trading.
Long
by Eightcap
Keltner Bands Pullback StrategyHere we take a look at trading pullbacks using the Keltner Channels. I cover the initial setup, the types of entries, and trades to avoid. This setup contains 3 parts: The channel touch The Pullback The Entry The Channel Touch Here is an example of the beginning signal in our setup, a band touch. The top and bottom bands represent the ATR (Average True Range) of a loopback period. So a touch of the band indicates volatility in the underlying stock or commodity. This also presents us with a chance for a nice pullback with continuation. The Pullback The pullback is simple, it is a reversion to the mean. So, the price pulls back to the mean (the ema) that the Keltners are based on. From this point, you can start to determine the entry. The Entry Depending on your style, a stop order, or limit order trader, you get to create your style to enter the trade. The following are some ideas: zero line MACD cross, second entry (price action) long or short, a trigger zone (for limit order traders), and an ema touch (limit order traders). Zero Line Entry Price pulled back and crossed the zero line on the modified MACD indicator. Second Entry Long (High2) The entry is the second attempt to break the previous bars high in a pullback. The Trigger Zone I created these based on an internal Keltner channel. You can set your limit orders anywhere inside of them. EMA Touch Whenever the price touches an offset ema you can enter. So you can place and move your limit order as the ema moves. I like to offset by one because you are guaranteed a price touch (ema doesn't move). Backtesting is also my accurate with an offset ema. Conclusion The Keltner channels offer an extremely powerful way to determine a potential pullback within a trend. They also help define trends (on the first touch) and help objectively identify climatic behavior. This strategy as a whole allows for high-quality setups and the flexibility of entering and exiting trades based on trading style. I like to shoot for a 1:1 based on stop placement.
AMEX:IYREducation
by JoeRodTrades
3
GBPUSD $GBPUSD - Mar. 12th, 2024GBPUSD FX:GBPUSD - Mar. 12th, 2024 BUY/LONG ZONE: 1.27970 - 1.29425 DO NOT TRADE/DNT ZONE: 1.27550 - 1.27970 (Extended area would be 1.26950 - 1.27970) SELL/SHORT ZONE: 1.25355 - 1.26950 (Extended area would be 1.25355 - 1.27550) Weekly: Bullish Daily: Bullish 4H: Bearish 1H: Bearish Previous bullish target is shown and for the visual I did extend it on the screen. The expanded DNT and bearish zones are shown for either later or earlier entries, just depends on how the lower timeframe structure develops. Some lower timeframe levels and zones are drawn in a lighter blue for some reference areas on when to enter. There is no indication on the weekly and daily timeframe other than current momentum that the price is going to turn bearish. Dropping down to the 4H timeframe: structure has turned bearish and has broken down through the zone that was used to determine the bullish zone. Dropping down to the 1H timeframe: price has created clear bearish structure and is currently holding, with a retest of the previous low, now the current structural lower high. Bears can enter as soon as 1.27550 or wait for a later entry around 1.26950, both are displayed on the chart. Bulls should wait for structural reversals to develop on the 1H/4H timeframes and/or for price to break back above 1.27970. trend analysis, technical indicators, support and resistance, gbpusd, gbpusdlong, gbpusdshort, gbpusdanalysis, gbpusdtrend, trendtrading, pounddollar, gu, gulong, gushort, forex, fx, FX:GBPUSD
by TonyAiello
Wave STructure Analysis | GBP/USD M15The rally that happened in the Cable due to the news has seen a follow-through that created the Bullish MH3 (Green Wave). This trend however has been weakened by the pullback of Structure 4. This price has traded below the prior Structure 2. Having said that, the price is still firmly trading in the Buy Zone of the Fibonacci measured from the low to the high of 3. The high probability direction is still bullish based on the current setup. Below 2DL we will stand aside, which also corresponds to the 0.618% retracement of the current bullish wave. Target 1: 1.2500 Target 2: 1.2529 Stop Loss: 1.2430
Long
by Charts247TradingAcademy
#AUDJPY bullish possible continuation movePrice has correctively reached an important medium-term support zone , which is further reinforced by the presence of the 200EMA. Additionally, we observe that the price has taken out liquidity from the low and formed what appears to be a double bottom pattern. These indications suggest the possibility of a bullish continuation move, potentially driving the price back to previous highs and beyond. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
1
MOET HENNESSY LOUIS VUITTON $OTC:LVMHF - Mar. 13th, 2024MOET HENNESSY LOUIS VUITTON OTC:LVMHF MIL:1MC - Mar. 13th, 2024 BUY/LONG ZONE (GREEN): $939.75 - $1,000.00 DO NOT TRADE/DNT ZONE (WHITE): $896.00 - $939.75 (can be extended for $875.00 - $939.75) SELL/SHORT ZONE (RED): $821.50 - $896.00 (can be shortened for $821.50 - $875.00) Weekly: Bullish Daily: Bullish 4H: Bullish I labeled the end of the most recent bearish trend and the start of the current bullish trend. OTC:LVMHF price has remained strongly bullish for weeks and is pushing towards the $1,000.00 level and all time highs. For those who like to trade patterns/shapes, zooming out can show a large V-shape pattern on the weekly timeframe. The DNT area goes for two levels as a safer bet and confirmation if price reverses. The DNT zone can be extended to be even safer down to the $875.00 level, which makes the bearish entries less risky. As shown, the bearish entry is aggressive, but not necessarily somewhere I'd look to initially enter any shorts. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE! trend analysis, chart patterns, support and resistance, louis vuitton, lv, lvmh, lvmhf, MIL:1MC , OTC:LVMHF , louisvuittonstock, louisvuitton, lvmhstock, lvmhlong, lvmhshort, lvmhtrend, trendtrading, moethennessy, moethennessystock, vshapepattern, supplyanddemand,
OTC:LVMHFLong
by TonyAiello
Three Aspects of a Trade Entry, Risk Management, ExitWelcome to our discussion on the three vital aspects of a trade: Entry, Risk Management, and Exit. Mastering these components is crucial for successful trading. Let's delve into each aspect, understanding their significance and how they contribute to your trading strategy. Entry: The entry point marks the initiation of a trade. While it may seem straightforward, it sets the foundation for your entire trade. When choosing an entry point, consider factors such as market trends, support and resistance levels, and technical indicators. Your entry should align with your trading plan and signal a high probability of profitability. Remember, a well-timed entry can maximize your potential gains and minimize risks. Risk Management: Effective risk management is the cornerstone of trading success. This aspect requires careful consideration and planning. Assess the amount of capital you're willing to risk on each trade and set appropriate stop-loss levels to limit potential losses. Remember, preserving capital is paramount to long-term profitability. Exit: The exit point marks the closure of a trade and realization of profits or losses. While it's often considered the simplest aspect, it's equally critical. Establish clear exit criteria based on your trading strategy, whether it's a predetermined price target, trailing stop, or technical signal. Stick to your exit plan without succumbing to emotional impulses or market noise. A disciplined approach to exiting trades ensures that you capture profits while minimizing potential losses. Importance of Each Aspect: Entry: Sets the stage for the trade and influences its outcome. Risk Management: Protects your capital and ensures longevity in trading. Exit: Determines the realization of profits and mitigation of losses. In summary, prioritize each aspect of the trade process, giving due attention to entry, meticulous risk management, and disciplined exits. By mastering these fundamentals, you'll enhance your trading skills and improve your overall performance in the markets.
CBOT_MINI:YMM2024Education
by CFRN
FLOOR & DECOR $FND - Apr. 4th, 2024FLOOR & DECOR NYSE:FND - Apr. 4th, 2024 BUY/LONG ZONE (GREEN): $123.50 - $133.75 DO NOT TRADE/DNT ZONE (WHITE): $121.00 - $123.50 SELL/SHORT ZONE (RED): $110.50 - $121.00 Weekly: Bullish Daily: DNT 4H: Bearish Viewing this mainly as a short opportunity but keeping my eye open to the upside as well. Looking for bearish structure to continue to develop on the 4h timeframe. Moving up to the Daily timeframe I'd like to see a wick lower than the previous day's low at 120.64 before considering this bearish, and preferably with a close below the 120.64 level. The weekly timeframe does not have bearish structure and has not broken down bullish structure, however; there is a strong bearish candle, the structure is just being respected at the top of the zone at 121.00. Bears should be looking for momentum to continue through this zone to breakdown tomorrow or sometime next week. Previous zones from my most recent NYSE:FND post are still shown for reference but have had their visibility decreased to avoid confusion. That post has been linked with this one to jump back and forth. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE! trendanalysis, trendtrading, priceaction, priceactiontrading, technical indicators, support and resistance, flooranddecor, floor&decor, fnd, fndstock, flooranddecorstock, NYSE:FND , flooranddecoranalysis, flooranddecortrend, tilewoodstone, longfnd, shortfnd, buyfnd, sellfnd,
NYSE:FND
by TonyAiello
1
It is predicted that gold will continue to increase todayWorld gold fees hit a file on April 9, way to shopping for sports and geopolitical risks, whilst interest became directed to the assembly mins of americaA Federal Reserve (Fed) and inflation records of this country. Minutes of the Fed assembly and records at the purchaser rate index could be posted on April 10. Gold is taken into consideration a secure haven from inflation and geopolitical risks, however growing hobby costs have a tendency to lessen the attraction of this non-yielding asset. According to the World Gold Council, the elements main to the modern-day restoration in gold fees are accelerated geopolitical risks, solid gold purchases with the aid of using principal banks and call for for gold rings and bullion. Just like gold cash are nevertheless big.
TVC:GOLDLong
by TrategySherpa
TESLA $TSLA - Feb. 16th, 2024Tesla NASDAQ:TSLA NASDAQ TVC:NDQ BUY/LONG ZONE (GREEN): $195.75 - $260.50 (BUY ZONE ADJUSTABLE DOWN TO 208.50) DO NOT TRADE/DNT ZONE (WHITE): $177.25 - $195.75 (DNT ZONE ADJUSTABLE UP TO $208.50) SELL/SHORT ZONE (RED): $113.00 - $177.25 Tesla broke out of its range lasting from Jan. 25th - Feb 15th. Breakout price was at 195.75, the Feb 15th daily candle broke and closed above this price level. This can mark a bullish trend, however; a safer bullish zone can be extended to start at 208.50, with the DNT zone also extending to end at 208.50. I personally like the early entries after a strong bullish candle yesterday with over a +6% move. Some other high frame bullish entries could be a retest of the top of the range, or a breakout of the 208.50 area. Some high frame bearish entries could be a test and rejection of the 208.50 area, or a break back into the range area. Long term targets would be the 230 - 260 area, would need another look once price moves closer. I quickly marked every recent structure 1 - 6 that I considered when looking to enter a new position to show somewhat where my mind was at. As price moves to new levels and zones and develops new structure I will update this. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
NASDAQ:TSLALong
by TonyAiello
TAKE-TWO INTERACTIVE SOFTWARE $TTWO - Feb. 28th, 2024TAKE-TWO INTERACTIVE SOFTWARE NASDAQ:TTWO - Feb. 28th, 2024 BUY/LONG ZONE (GREEN): $153.00 - $168.45 DO NOT TRADE/DNT ZONE (WHITE): $143.65 - $153.00 SELL/SHORT ZONE (RED): $133.00 - $143.65 Weekly: Bearish Daily: Bearish 4H: Bearish Currently in a DNT zone as it would be unfair to automatically wait for price to drop and then say it's a bearish area; however, price is strongly bearish on the weekly, daily, and 4H. Shown in blue is previous zones that I would follow and the order in which I would follow them, the previous bullish trend was fairly clear and strong (labels A-E & 1-3). About three weeks ago we saw a drop that pushed right into a bearish zone below level $156.75 (bottom of the zone). Drawn now are the current zones where price currently resides and the trends I would follow in each of them. The arrows show simple potential price movement to look for, but the market is always subject to change and create new levels. Bulls can look for early entry at the bottom of the DNT zone at $143.65 and seek a bounce or wait for price to break back above $153.00. Bears can look for price continuing below level $143.65 or a pullback anywhere up to $153.00 and rejection back towards the $143.65 level and lower. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE! trend analysis, chart patterns, support and resistance
NASDAQ:TTWOShort
by TonyAiello
2
Unleash the DOGETechnicals: CRYPTOCAP:DOGE has broke through a Major Support of $16 and looking to fetch higher towards all time highs The Dogecoin community remains active and engaged, with numerous developments and initiatives that could potentially drive the coin's value higher. For example, there have been discussions about the potential implementation of Dogecoin payments on X (twitter), a social media platform owned by Elon Musk. Such developments could increase the utility and adoption of Dogecoin, leading to a surge in its price.
CRYPTO:DOGEUSDLong
by EgideSimba
2