ES has retraced but did not break the 2600. This is a strong support on the weekly chart and a good entry point for a long term trade. Long lower parallel 2634 Take profit at upper parallel. Stop below previous low My previous ES short worked very well. It was based on this same chart exiting at the same line where I recently entered
Eos is forming a wedge indicated by the confluence of the ascending and descending slopes Long at 5.39 with stop at 5.39 Take profit at 5.46 This could possibly become a larger trade depending on future price action
The Dow and S&P have been topping for the last few weeks. Yesterdays fall stopped in an interesting place. The chart shows three parallel lines. They represent overall trend of price for the last few months. The middle and lower lines were cloned from this. The Pitchfork is non standard and is used only to show slope and Fibonacci levels. One the one minute chart...
Short at top of Wedge. Many shorts covered yesterday. NFP news out in 50 hours. 830am NY Friday Take profit at bottom of wedge or tighten stop. Consider closing trade before NFP.
Gold failed to close the third quarter above 1200 Support has now become resistance Short at the top of the descending Andrews fork 1192 Stop above previous spike high 1197 Take profit at previous spike low 1160
This is a very old chart that I have not look at for weeks. You can see that it still works in terms of price action This could be the bottom of a cup and handle formation. There are two slopes converging forming a wedge. Plan: Long now at 6500. Take profit at 6900. Stop under previous spike low. Remember the the pattern can still be valid and have a further spike...
Gold has worked its way up this long descending channel, It is now sitting just key support at 1194. Two trades here Plan long at 1198 stop below 1193 Take profit above previous spike high around 1220 about 5 day trade Bigger trade long at 1198 Stop below 1165 the August spike low Take profit at 1280 about 10 to 15 day trade Note ascending pitchfork is Schiff...
Gold silver ratio at historic high (84.62) Silver just had a big spike low , just above 14.00 Another spike low now with a recovery. Long at 14.16 take profit probably before US news on Sept 7 in the morning. Target 14.44 Stop under recent spike low Or for highly leveraged position under low of previous bar
Long term trade Short EURUSD based on Modified Schiff {itchfork A point is May 14 2014 at 1.399 Blue lines are significant support resistance lines. Short now at 1.1566
Long ONTUSD at 2.22 Take profit at 3.33 Stop below previous low. ONT has been one of the strongest performers of 2018. At one point up 900% Already up 200% from the low several days ago, the retracement in the last few hours provides a low risk entry Note : I have used the modified Andrews forks to determine slope and Fibonacci levels. They do not have standard...
Long gold from red line. This has been a resistance line since April 11. but it was breached before. In the last few hours the recent uptrend has resumed pushing up through this line and forming support above it . Stop 1255 Entry on red line about 1256 Profit at 1279
Short from red sloping line. There was a large retracement in a rapidly falling slope Short now at 1255 Stop 1257 Profit at 1220
Quick scalp trade ONT is at bottom of large fork and has one bounce at 4.90. which can be the stop Entry is upon next rejection along this line probably around 4.95 Take profit around 5.60 For the last two days price has descended the small channel. Now it has broken the channel and the channel has become support. This is a bullish context as we approach the...
Short at top of channel 1252 Stop above previous spike high Take profit 1: middle descending line Take profit 2: lower descending line
Eos can be thought of as a decentralised operating system. It was launched nearly a year ago on 26 June 2017. Its rate of growth has far outpaced that of BTC 0.46% and ETH. It will launch on its own blockchain in five hours. There is strong resistance at 12.00. I would close the trade on a sustained breach of this level Take profit at $37.00 I estimate about...
very similar trade as yesterday Short again at upper parallel 0.9883 Stop above previous high Take profit at about 0.9820
news in 30 minutes Enter at bottom of channel Exit at top probably just under 1.18