Stelian

Stelian

When trading daily, it's all about risk-management and the technical set-up, so here it is. After the double top last week, a bearish channel is being formed. Above 1.22/1.23 is a good short entry area with a stop at around 1.13, but definitely not exactly 1.13! T1 & T2 are the targets for the trade which provide again above x2.3 and x6 risk / reward respectively,...

Stelian

The more news there are, the more volatility there is, the better the trading potential. This is one of these weeks, so here's some of the main things on the agenda: Monday - ECB President Draghi Speaks Wednesday - FOMC meeting / Final EU CPI Thursday - Final meeting for Greece's deal approval / US CPI From the EUR side: I remain bearish for the coming...

Stelian

After 9 months of consecutive decrease, the EUR / USD pair is showing a cautious bullish move. I differentiate the key levels in two ways: Technical : Realised highs and lows - suitable for shorter term trigger points for entry / exit areas Psychological : Rounds number levels (regardless whether the pair has tested/reach them - potentially significant and...

Stelian

Happy New Year! Long time no see Tradingview! Me and a few friends have produced a special issue that covers the economic events of 2013 and looks forward into 2014. PDF: bit.ly Full of graphs and covering: - US - Europe - UK - France - Germany - Spain - Japan - China - Australia - India - M&A - IPOs - Digital Currencies Artist: Jasper Johns

Stelian

With many articles flooding the news about how good the fundamentals of the pair currently are, here is the situation from a timing/technical perspective. Not to overcomplicate things, today we are simply witnessing a secondary trend breakout. This is of course not necessarily a reason to enter a position with a close stop loss , because pull-backs are still...

Stelian

$FB has had a strong couple of months with over 50% appreciating in price. Like every rally this one seem to be coming to an end now, as the stock is showing signals of weakness by establishing lower low and failing to beat previous the previous high. My fundamental view over the company keeps being bullish as I see that the problems with generating profits from...

Stelian

ECB President Draghi Speaks tomorrow and there is also a lot of economic data to be released for the UK. Also S&P is moving sideways for about a second week now and uncertainty of the debt ceiling issue starts building up as March approaches. Generally it will be an intense week for both Europe and the US. Looking at the 1h chart, the sideways range movement of...

Stelian

Level 3 Communications like most other stocks has been on the rise since late November and currently is showing strong technical indication of a possible breakout from its $2.93 support zone by forming an ascending triangle.

Stelian

Parker drilling has been on a very steep uptrend since mid. November, most likely due to the change in management from October 1st 2012. Such trends are typical for PKD, thus yielding a beta of around 2.1 The company has scheduled to have their 2012 Q4 earnings report on February 21st and in the past two weeks it has consolidated between $5.38 and $5.74. It has...

Stelian

I have seen that the Soybean has been forming very clear chart patterns over the months. Yesterday it has just reached the support level of the left shoulder (formed at the end of sept.). During the end of october it has established a higher high, which is the first sight of a potential secondary trend direction change. If this is the higher low, it may be a...

Stelian

After I published the formed wedge pattern of the ALB 2-3 weeks ago. ( ) Now the price seems to be going as forecasted and an opportunity for a short term long position has arised again. The price has entered a consolidation period in the past week and it has formed a symmerical triangle (shaded in red). By Bulkowski's conditions I have outlined the short term...

Stelian

Many people have commented on buying Nokia's dip so I do not feel that I have much more to add, except to point out that today's very low opening of Nokia, can be again treated as a pullback as long as it doesn't fall down way below its opening price! In the case it doesn't fall down too much from 2.61 - 2.59, I believe that technically is is a good buy...

Stelian

Today AAPL formed a Hammer candlestick, testing the upward trend line. After the 3 weeks of indecision and downtrend, this is highly likely to be a key reversal with the 3 targets outlined on the graph. Each target is in a fading blue/green because it becomes less likely from today's perspective. I personally love trading those. On the chart I have shown a small...

Stelian

The currency is still trading outside the regression channel but it is just on the edge of the trading channel ! Right there a h&s has formed and its target was achieved yesterday. This gives good signals for a POSSIBLE change in trend and therefore for a continuation in the overall market trend As a lot of new will be release for the CAD and USD in the next...

Stelian

A very perfect falling wedge has formed over the passed few weeks and three days ago, the price closed for the first time outside the upper boundary of the falling wedge, indicating a continuation in the upward direction . Today was the first time we saw a full price range that was with a determined direction outside the trendlines, so it is a good place to get...

Stelian

After enjoying a steep uptrend from the beginning of August until the mid September and establishing a new high, WSM has come to a rest struggling to clearly break through this new resistance level . At this point WSM made a pennant and after breaking through its lines yesterday, today a shooting star has formed , suggesting a downward movement. Therefore by...

Stelian

This week the EUR/USD has been showing bullish signs so far, however this week's market volatility is high compared to where the price is now and I believe there is still an indecision of the overall price direction. The major trend is clearly downward sloping and in the past month the price has been forming a typical for this currency continuation in the...

Stelian

After a not so long 2.5 - 3 month uptrend, the currency has POSSIBLY formed what can be called a complex Head and Shoulders formation. I could not get the vol. on the graph in order to back up my idea here. I have outlined the targets in the case of the neckline breakout. The first one is based on a weekly candlesticks analysis where we can see a pipe top ...