BTC/USD simple technical Analysis with Target ProjectionMy Theory: I trade the Future since many years and do research about new Markets and their Mechanisms. The Crypto Market is a very new Market so the Possibility of similar Effects in the Beginning of the Stockmarket (19 century) are given.
Too make it short most of the simple stuff out of historical Trading, gone work for a couple of Years.
Let's see if I m Right ;)
Saludos Daniel
Futures-trading
A Gold Trade Gone Well*WE'VE ACCIDENTALLY BEEN PUBLISHING PRIVATE IDEAS*
The fundamentals for Gold is looking bullish, and our trade we made back in the beginning of February has performed well using our first draft of the FriendlyTrend Signal. Our initial 5x contract entry at 1221 is not at an above-breakeven stop loss, and the spike up w/ a close allowed for a 4x contract entry with a fill at 1249.
We'll trim off some profits at the 1280 mark if prices rice to that height. Otherwise, the stop loss is currently trailed to the 1222 mark and onward.
Check out our site on our Tradingview profile for more of our trades.
RICE IS A POTENTIAL HIGH REWARD BUY TRADETrendline broken, and market formed a textbook flag above the broken line.
For me a textbook buy signal is forming here.
If you like to take a little bit more risk like me, buy here at 975 and place your stop at 957.
Target would be the longterm trendline at 1060.
This would result in a nice 5:1 Risk:Reward trade.
If your looking for a more conservative approach wait for the flag to break and enter on the break.
Dollar index testing 90 level for 4th time since 2008Previous tests of this level were rejected.
FED Reserve has said they don't want the dollar
to go too high. I believe a shorting opportunity
may be near.
Sugar #11 Sell Stop at 16.25 looking for 10 - 15 ticksTwo down bars at a top with a price gap below $16 makes me think a third down bar will happen.
SUgar market opens tonight around midnight PDT (CALIF) so I will have to set my alarm.......
Time to buy Brent Crude Oil?Crude oil tested a critical support level on the daily chart last session. This market has experienced such an aggressive sell off, it has forced price to accelerate away from it's mean value - leaving that mean to price gap.
Generally when these gaps occur, the market likes to 'sling back' and fill the gap between mean and price which is knows as the 'elastic band effect'.
There is also a large bullish rejection candle off a strong support level which compounds the value of this trade idea.