SPCE VIR AND XPEL I TALK ABOUT HOW TO TRADE THEM
Silver market is setting up for another bullish move. There is a nice gradual uptrend that has occurred over the last three weeks. This is the lead into the recent spike up over the last week. These are all bullish signs. Now add in the crossover of the 14 Day Moving Average of the 30 Day Moving Average and you have another confirmation signal that is...
There are a few ways to view the current market conditions of the the GBPUSD. The Pivot Stack shows us the bias is bearish. You'll notice the flattening DPMA 14 Day which could rollover and cross the DPMA 30 Day, a bearish signal. Hence, we will want to place an entry stop order on the breakdown of the support level to go short. This will allow a confirmation of...
We have a very nice and supportive Pivot Stack with the WPR, DPR and 6 Day RPR overlayed on top of each other. Your entry can occur at these levels around 1.3172 and place a stop loss below the Pivot Stack which simultaneously coincides with the previous day's low. This is a good risk reward trade. But there are some risks as the price failed miserably a few days...
We will want to see a retracement to find a more favorable entry. With yesterday's strong move up, it would be prudent to find a better entry on the pullback into the Pivot Stack. The support is intact and with the bullish Hammer I think this is a good Risk Reward trade. Note the downward DPMAs, but remember this indicator lags so it's ok to enter with...
This looks like a good trade with the Pivot Stack and support from other Pivots. However, the uptrend may be exhausting with the outside day candlestick as shown. The next day showed a lower low as well which is a sign the price momentum may be weakening. This is a good study to identify a mid probability trade that may not be worth taking a risk on, or at least...
You can see the move out of the support area of the 6 Day Rolling Pivot Range and Weekly Pivot Range. This is called the Pivot Stack. The closely associated pivot ranges provide a stacked range of support that is stronger together than if the pivot ranges were separated and much farther apart. *See the Legend below for the Indicator Guide* After a dip, the price...
At the start of the new session we have a convincing setup. You can see the Daily Pivot Moving Averages turning upward. The Pivot Stack of the Daily Pivot Range and the Weekly Pivot Range are key support. This is a potential launching pad forBitcoin 0.31% . However, the 6 Day Rolling Pivot Range is smack in the middle of the current candlestick body indicating...
The setup here is in a neutral zone until the market shows its hand. As you can see there are a few failed attempts to go higher above the key resistance level. The long candlewicks are a sign the market could be turning over. However there is key support on the 6 Day Rolling Pivot Range (RPR) and this gives us pause on a short position. In other words we will...
As you can see on the chart the 'A' up trade signal has been given but has drifted the last few hours. The only way to prudently get long at this point would be to buy on a close above the key resistance of the 3 Day Rolling Pivot Range (RPR) as shown on the chart. Once the price pushes higher bring the stop loss up to the Daily Pivot Range low. This is a good...
The bias remains to the upside for the short term with the price trading above the Daily Pivot Range (blue dots), therefore this level is key support. With this bias to the upside our ‘A’ up value line is our first entry point for the day. The 14 Day Pivot Moving Average (red) is turning up, and crossing the 30 Day Pivot Moving Average (yellow) and this is...
The price for LTCUSD remains with a bias is to the downside with the price trading below the 3 day Rolling Pivot Range (green, yellow dots). However the Daily Pivot Range (blue dots) are neutral at the time of this writing with the price action staying inside the range for the past few hours. With today’s Opening Range (whiter background) also holding...
With the market trading in a narrow channel for days now, the time was ripe for a strong move. The key support of the Daily Pivot Range and Opening Range provides the bias to the upside with price holding above this support. What gives this trade even more catalyst is the narrowness of the Pivot and Opening ranges. With the new session opening with another set...
Take a look at the chart and see analysis. By our first rule, the entry needs to be confirmed by trading at or above the 'A' level. However this breakout is happening with new all time highs and would warrant entry at this time with the nature of cryptocurrencies, particularly the inability to short this market.
This same setup is occurring in most other cryptocurrencies, BTC', LTC' etc. This trade takes guts and why I call it the Fortitude setup. Go long a break above the high of the Hammer Candle.
Here you can see the setup occurring if the entry rule is met. The price must trade at or above the 'A' value line for a minimum 15 minutes to validate a long signal. Beware the 800 level which could be the catalyst to explosive upside or provide an 'A' up failure trade which would make a significant correction to the downside.
This chart shows the importance of the Opening Range, Daily Pivot Range and the Daily Pivot Moving Averages, particularly in unison. Setting up nicely for a good move up if the key resistance level 720 can be broken.
Similar to the LTCUSD trade setup occurring here: See if you can identify the same rules in the setup we see in the LTCUSD chart on this setup with ETHUSD. This is the value of this system, very easy to identify high probability trades with excellent risk reward.