Analytics
Dragon In Flight and PF Analysis
The Dragon is officially in flight. I will be adding to positions at the retest of the PF (lower Green line). Potential profit target at 1260, retest of previous high and all time high retest at 1350. Good trading, stick to your discipline and bag those profits!
USDJPY Sell Setup TrendlineUSDJPY sell setup when price touch trendline and resistance at 26/04/2016 FX:USDJPY
FANG breakout FBFB is part of F.A.N.G. - FB AAPL NFLX GOOG. This is the nickname Wall Street gave for what they believe as the strongest stocks to come in 2016. These tech stocks with low exposure to the shit that was thrown on Wall Street will thrive in the new year and are hot buys. Heres the big move, dont hesitate. We broke out of a flag and are moving towards a breakout of an ascending triangle. Keep a tight stop just below the neckline and wait for price to confirm its move up (Move C-D).
CADJPY : Long OpportunityA confluence of Fibonacci and support line around a harmonic pattern spells a long opportunity. The price may try to reach a Fibonacci level of 127.2% at 85.76 but fail since it is seriously oversold. For those who can't wait for the formation to complete as indicated on the chart, wait for at least 87.5 to break set stop a few pips below 85.76
HMNY Bullish on CCI crossupThe CCI crossed above +100 in the last couple of days, and this is a good way to find stocks that are in the beginning of strong moving trends. The CCI has also reached an all time high, extremely bullish, and the price has gapped up over previous highs turning those areas into support.
When the chart is moving fast like this, using the previous highs that are lower than the current price as stops, is a valid way to anticipate trade reversals and lock in gains. If the chart breaks out to new highs above all previous highs, then switch to using previous lows as stops including considering upwards diagonal lines. This is an excellent way to manage and keep trade risk to a minimum while enjoying continued high percent gains.
Placing stops with the price structure that the chart gives you can provide better risk management, than trying to conform all charts generically to an indicator stop or value that is derived from price instead. Support and resistance lines do not change, but indicators do.
