Trader-Dan

Trader-Dan

- Price rallied hard and has returned to the area where it broke out of range. - This sets up a favourable entry to go long . Markets are also in RISK ON mode! -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan Updated 

- USDZAR is testing the 20ma and a close above could see the ZAR depreciate further to the dollar - Above R18.80 will validate a symmetrical triangle breakout MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan Updated 

- Although this bull flag break has already triggered a LONG, it has given another opportunity to enter intraday -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- Yesterday's close ended with a bearish engulfing candle on a major resistance (on volume) - I would be cautious to add any long positions at this level, expecting a pull back -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. AMEX:VGT

Trader-Dan

- Yesterday we saw the SP breakout below the 2889 support and the index fell all the way to the 2835 horizontal support - An attempt to retest the break may be on the cards today - Below the 2835 level, bears will be in control again. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. OANDA:SPX500USD

Trader-Dan

Much to many trader's amazement (including myself), the US markets keep charging upwards despite all that has and is currently happening in the world today regarding COVID19. It seems that after the initial bad news which caused major panic, the market is currently accepting the future drop in earnings and fallout that is occuring due to the virus and worldwide...

Trader-Dan

- ZNGA is a provider of social game services on mobile platforms and is well positioned to continue to do well even throught the COVID crisis. - Earning came in better then expected. - Breakout of high (on volume) signals further upward momentum, retest of break level would be a great entry -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and...

Trader-Dan

- Oil has hit a major resistance and could possibly break its up trend here to recharge. TVC:USOIL

Trader-Dan

- Price has moved to retest the point of breakdown (support turned resistance) - Im bearish on the stock until price action confirms that the area has turned into a support again. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:BHP

Trader-Dan

- Stock has moved up powerfully off the 18th of March low taking out the recent high of February. - A bearish engulfing candle that has formed which indicates the the bears have now managed to get the upperhand so the area will likely form a resistance level. (Tencent is also down this morning in th Asian session) - The question is how much of a pull back will...

Trader-Dan

- After a fantastic run since posting the idea, we have reached an overbought level and breaking below the 20 day moving average . - I will be locking in profits and looking to buy again if we can test the 50 day moving average and find support or if price action changes in the next few days ahead. - Note that a weakening dollar has a negative effect on...

Trader-Dan

- The stock has been severely knocked down ove the last few weeks due to COVID-19 crisis and can possibly still go lower - It is however trying to form a base and may be a great entry to scale in on one a long position - SL can be placed below the recent swing and brought to breakeven as soon as possible due to the nature of the trade -- MANAGE YOUR RISK -...

Trader-Dan

- This is a possible recovery trade with a decent risk/reward - Currently working on the 5th "inside day" of trading of this range - An agressive entry will be at current levels or a safer entry is a break above and close above R32.73 - Below R27.00 will open a short entry to target lows -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and...

Trader-Dan

- I still see further strength from the dollar besides the massive printing done by the FED - On the chart we are above the major resistance which is now acting as support - The data out this week will be key -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. TVC:DXY

Trader-Dan Updated 

- The pair has retraced towards the 200ma and has formed a rising wedge - A break below 1.239 will a short on the pair , above 1.266 will open a continuation of the wedge pattern or break upwards. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. FX:GBPUSD

Trader-Dan

- Expect the local STXFIN to be weaken over the days ahead -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. JSE:STXFIN

Trader-Dan

- Australian ASX200 is breaking down out of a bear flag - I will look for shorts on any pullbacks -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice.

Trader-Dan

- For a longer term play, EOH seems to have found a bottom and is currently just above it level when the recent earnings as released. - A stop below R2.60 should be wide enough for this volatile stock. No take profit, will just follow the trend if it continues to break upwards.