Monday
Sideways movement then moonThis is my first chart, any feedback will be appreciated (excuse my English, not native language) and a like would be awsome.
I think we're going to see sideways movement until Monday (moonday) when weekly MACD confirms the positive cross of their curves.
Last year it was not SWELL that drove the prices high, not (also) even weekly MACD alone, but just days before the bottom in some indicators (like MACD) was confirmed, the bottom after the 2017 bull market; unfortunately it had not enough momentum to stabilize the price in the $0.50's, but this time we are full of good news, SWELL is coming and weekly MACD is having a bullish crossover.
Nasdaq Futures green but at resistanceNQ opened up green but on a daily resistance level. RSI getting high but not too much into overextended area. Looking for break of, or rejection at this resistance level. Daily support below.might hold to EMAs. Opening bell will be a good indicator. Money Monday everyone! Start the week off GREEN!
Navigating The Market : Simplifed = Friday/Monday relationshipThis is not a trading strategy nor claiming this concept happens 100% of the time, but this is a repetitive pattern and I personally believe it could help you to navigate the market (particularly if you are an intraday trader) more efficiently.
I generally would see this in 1-Hour timeframe but for the sake of being able to show you with more examples in one post, I choose D1 timeframe for this post. When price breaks and close above Friday high on a Monday, more often than not, the price would eventually reverse downwards within 18-24 hours. Vice versa for a close below Friday low (on a Monday)
Why I believe this phenomenon is real and tangible is because Friday or Monday normally a day where the Banks (NY session) attempt to clear their books. In order to do this, sometimes they need liquidity to offload their position, they would do stop hunts if there is a need to do so.
Hence I've conceptualised this Friday/Monday relationship into my way of analyzing the intraday moves especially on a Mondays. By default, any breakout from the Friday high or low, I would consider it as a stop hunt/fake breakout. Of course, there be a week where a breakout from the Friday started a huge trend that lasts weeks, but that is an outlier. I do not care about outliers, as a trader I will try to profit from what is repetitive, and this concept is very repetitive.
This is just one of three "day-to-day relationships" that I have conceptualised to make me reading the market a lot easier. The other two are Mon - Tue/Wed relationship,andTue/Wed to Thu/Fri relationships that I have conceptualised. Tell me what you all think,
GoldWait for confirmation candle!
US treasury Yield 10-YR +0.017
FA -> short postion
TA -> short position
BCHUSD Long Way HomeIf prices do not return back to $330.80 expect Bullish Rockets tomorrow north of 4am (UCT+2). Thank God we get to see the end of this past week's channel trading. Earlier on today around 2PM (UCT+2) a Bullish Rocket lauch failure must have got most traders stuck in a trading disaster but have no Fear $385.90 has been tried and tested prior to BCH recent price drop.
ETHUSD's Bulls and RoostersWe see yet another pull back, with the bulls slowly climbing slopes without traces of considerate HHs ; Prices will linger near $192.15, and between $178.22 and $192.15 much of this past week's unstable tendencies have seized and 5AM (UCT+2) is the time for Roosters to get on the Bulls back and RIDE.
GBPJPY monday acceleratorHad shorted this pair since Friday last week. Add some during Monday as part of the Monday accelerator Strategy and trade plan. TP is the weekly pivot. This pair range is suitable for this type of strategy.
After shorting of a total of 6 position with a total +286 pip . Long the pair as it hit demand. Target at the recent high for this week.
US Oil: Week 11 Kick OffHi Guys,
Last week US Oil broke higher above the latest Trump's tweet with a run started on Wednesday. Price consolidated above Trump's tweet level with a triple bottom support throughout Thu, Fri and this morning before resuming the run pushed by the 90SMA.
TO NOTE: RSI spiked briefly above 70 but lower than previous highs. Price instead kept going higher. IMHO bullish momentum may push up to 60 if sentiment picks up above 70 again shortly.
Thank you for your support and for sharing your ideas.
Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
NZDCAD: Happy New Year 2019Hi everyone !
This is a trade idea on NZDCAD we are looking at currently. But first i want to wish everyone a happy new year. Enjoy the free time with your friends and family.
NZDCAD did a nice bullish run with a top high divergence. We looking for a good entry as stop loss for now is too far away. Will keep you guys updated here.
See you guys in 2019!
VIX Spikes (Normal Spikes with Decay harmonic) VS NowA 2008 style VIX superspike is currently building into this market, It has not finished it's double top.
This is the same VIX analysis except the spike to the left is described in it's normal Double-Top with a 1,2,3 decay harmonic.
50/80 Double top can be realistically expected shortly ..
With it 1500 point drop in the DJIA could easily be expected.. And VERY shortly in 1-5 trading days..
AUDNZD: Starting With A BullHey guys, wishing you a nice Monday.
Been watching the AUDNZD for a while now and looking for buy opportunities. After completing a short setup, price formed a divergence on the last low and is now forming a higher low on the fib levels. When the confirmation of this level holds, this will be a clear trade for us to enter.
Would love to hear what you think in the comments!
USDCHF: Falling Down Another TimeHey guys, how is you Monday going ?
I just spotted a nice short setup on USDCHF in the 4h timeframe. You can clearly see how price retested the resistance zone (marked in grey) and formed a divergence right there. After 3 waves of rise from the last lowest low, we expect price to break the upside trend line and correct to at least the 0.5 fibonacci level. We entered a short earlier this day but like most Mondays the price did not really move for now.
Lets crush this week again.
DXY Dollar Index Next Trade Point Monday: Buy Dip back to 95.53 DXY Dollar Index
The dollar broke above the 95.53 line on Friday on DXY chart and surged to within 4 pips of the next line at 96.49 by the end of the day before halting.
It's a little overbought and should come off from here back to retest the 95.53 line before rallying once again.
At some point fairly soon it should go on to break above the 96.49 line and move up to the next line of resistance at 97.83.
This chart is usually the best confirming indicator there is for timing tops and bottoms across the Dollar pairs.
target reached desc triThe target for this descending triangle has been reached.
However, I believe the monday morning will bring the resolution to this
uncertain situation in ETHEUR.
Monday pullback ,picking up later into the dayForgive me, it's getting late and I just wanted to get a projection out before the markets sessions.
Uh, no cryptos on this one, just straight equities market. Watch for VXX to break above 35.00 today. If we hold it, expect the rally(VXX) into later parts of the day.
BTCUSD: Bitcoin Monday Trade PointsBTCUSD: Bitcoin Monday Trade Points
Bitcoin is still negative, dropping in stages and slowly breaking
bull hearts and messing with bear heads as it does so.
Once it broke the lower parallel here on Coinbase it was
expected to fall away to the 7162 line before bouncing again
towards 7200 before falling away again.
Overnight it came back to a low of 7167 before the bounce
back to 7200 after a counter-rally high at 7246.
It's so slow still.
Unless still short from higher up we now need to see a move
below 7162 line to trigger the next short back to the
6615-6517 range. It should then start to fall away in stages to
6955, then 6849 and finally to the target at 6615-6517 range.
Right now have no real interest in upside potential yet - but
stops on remaining shorts need to be left above 7252 for now.
More as the move develops - which may be slow - but is still
coming by the look of the chart at this point.
