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Let's see if SET will choose a direction today, up or down.I am guessing that most traders believe that today will be a red day, after BoT decision over Thai banks, and who knows if other sectors will follow because have many been able to make any profits, for interim dividends and buybacks? In the graph there I don't see anything saying, up or down, but I see that a big move is too come quite soon. The day is still upwards looking, and in 30 min (shown here) is showing that it has been collected power, for a few days. Not in what direction it will go, though. If we go in the daily graph, and expects SET to follow the trend. Then go bullish today, as there will probably be good “buy low” setups you can find. Or if you believe the BoT decision will be what stopped the bullish retraction in the bigger downwards trend. Then look for good selling opportunities. Whatever you believe, it is often much smarter to wait for the market to decide for itself, so my recommendation would be to wait, at least 30-60 minutes before you make you decision.
SET:SET
by SamuiTrader
2
SET 2020 outlook, go Long until OctoberAfter SET broke out north of the bearish wedge, I have revalued my earlier future strategy and predicted where SET will top this “going-to-the-stars” run, it will be around 1730 – 1800. Would also predict this will occur in or around November, December +/- 1 month. So if my predictions are correct then follow the trend and continue to be on the buyer's side, at least until October or so. Then it will be (according to my prediction) time for investors start to realize, what has been built, is only a sand castle on the beach. And the tide has now changed —the second— wave is coming, it will demolish what has been built since late March. And we (read: buyers) have to wait until the tides change again, before reconstructing our castle and will hopefully stay a bit further away from the ocean so the tides won't demolish it again.
SET:SETLong
by SamuiTrader
Global Dow: GDOW Near Term Consolidation before further 2% RallyGlobal Dow GDOW Same thing here. Testing resistance, in fact it's now sitting just a couple of points above the next line at 2930. It's going to push back up to 3000-3003 sooner or later, just over 2% on this chart. Look to buy SPX or any major market either on any retest of the rising dynamic if we get to see it- or on further strength above 2935 on this chart looking for 3000-3003 range on GDOW and a further 2% rally to 2814-5 on the SPX.
GLong
by sumastardon
AOBC Guns vs Law . Opportunity to make 120+% in 1 yearGuns will not be banned in America, at least for the next 40+ years. AOBC has entered into what it seems a previous accumulation area. Despite its bearish trend there is big buyout volumes and I expect the price to raise over 100% in one or one-half years. I will keep following up for signals since the price has the potential to drop close to $2.28 (previous low back in 2011) I'm just following up for now and I will enter as soon as the accumulation area is confirmed, the bearish trend is broken and the roof resistance of the current bearish trend is broken as well. Follow me to get notified when I update this idea and I enter the market.
ALong
by umbertocaba
Bitcoin: BTCUSD Looking Up Again...Next Buy-Points Today Bitcoin: BTCUSD Looking Up - Next Buy Points Today Having spent the overnight session in far East with no buyers or real interest Bitcoin drifted as a consequence. But the good news was it didn't crash ...that is a massive positive sign that whilst it was getting tired overnight, it wasn't getting rejected and sold off - just neglected more than rejected. Good for the bulls here. Overnight it has also completed a 4 sections down move, similar to previous down-moves in this run though not so well defined as the last couple, but still similar. And now in London it has been bought once more. Usual 'Tokyo Drift' overnight then met with some serious buying out of Europe at 8.30 utc. This break-out, although consolidating now, is a good one by the looks of it. To break out from here and try to leave all the structure to its left is the first really bold move Bitcoin has made for a couple of days - all price action up to this point has been consolidating in nature - it's done well and the bulls are beginning to win this 800 point argument that's been raging for these last 2 days. But right now it's showing spikes on the 15 minute chart on Bitstamp and is liklely to come off some more - the pattern we were looking for has emerged overnight and been broken decisively to updside by this morning's price action - if day trading you will probably have already bought the break out and now will likely have sold (spikes showing and it's hit clear resistance line on Bitstamp too) If so, good trading! And if not, it's OK too, it's been and gone and there will be another one coming soon - and so we look to buy the dips again
COINBASE:BTCUSDLong
by sumastardon
1
BTGUSD Grinding higher and still looking goodBTGUSD Update BTG never made it to 188 entry point, which was calculated by it hitting the long term rising support at the bottom of the chart - unfortunately 1 day earlier than it did - close but no cigar. If you got the eventual low at 190 bang on by watching and waiting that extra day you have been well rewarded for that patience with BTG up 45% in 36 hours since then. Right now there's a battle raging between bears hitting down hard from 278-275 with a series of pins forming from above, and yet from below the bulls are meeting all sales and absorbing them ...pulling assistance from the strong speed line that 's supporting the move from the secondary low at 200. This still looks good whilst that support line holds (stops for longs under here, moving up under price) Likely to keep grinding higher - stay with it or pick some up...should reach 340-344 fairly soon where look to take profits again if touched.
BLong
by sumastardon
NAS100: NASDAQ 100 Looking positive for week aheadNasdaq 100 Index NAS100 Nasdaq throws a lot of similar shapes to Bitcoin whose consolidation periods tend to last a few hours and no longer than 2 days maximum, but here the continuation patterns last a minimum of 2 days (last one) and more usually 8 days and up to a month. But the shapes are almost identical. Fast, sharp declines over 2 days, followed by an immediate rally into new high ground are a sign of a very strong market, usually a confirmation signal of further strength ahead. In addition, the pattern carved out on the chart over the past week is a clear flag formation with a minimum upside measurement target at 6472, and could easily extend further to 6515. Look to get long for the early part of this week at least: Initial support begins at the recent high at 6282-0. Whilst it can hold up here this index is extremely positive...so long as this level holds tomorrow Nasdaq is expected to have a stellar week ahead. It's a buy with stops under 6275 for a 20 point loss if wrong. Or wait for the open on Monday to see that 6275 holds up first...but it may have gapped up by then. If so follow it, though with stops still below 6275. And if this trade goes wrong and 6275 fails to hold at any point between now and the open it's likely to drift further and then perhaps come off on the open to 6246 (at lowest a spike to the upper parallel just below here) before rallying strongly again. That looks to be worst case scenario, which looks less likely than a gap up as things stand right now. One other way to enter the trade is to put a buy order in at 6283 and hope it gets struck overnight with a tight stop 11-15 points under for small loss if wrong but 200 to 300 - points upside if right. If it gets stopped out look to re- enter again around the open on any further weakness in the first 5 to 30 minutes, ideally towards 6246 and a tad lower - but this is only likely if 6282-6275 gives way. Don't think it will for what it's worth...let's see For more on Positive 16 Year Cycle: Dow-and-S-P-500-DOWI-SPX500-Super-long-term-Chart-and- analysis/
FX:NAS100Long
by sumastardon