Obx/UsdtBYBIT:OBXUSDT
"Right now, OBX is priced at 0.00005435 🪙 and it's holding up pretty well around the support level of 0.000049995 🛑. If it manages to stay above that, the next potential resistance levels to watch are:
🔝 0.00005432
🔝 0.000058654
🔝 0.0000660
If it breaks through these resistance levels, we might see the price go even higher! 🚀💥
Just a reminder, this isn’t financial advice. Always do your own research before making any decisions. 📊⚠️"
OBX
I think the market will close the gapsI think the market will close the gaps. We can follow along. If it breaks down from 1093, then I sell. However, I imagine that the rate will first rise to 1100, then fall down to 1077
OBXUSDT more gain 🚀Hello 🐋
Based on the chart, the price is stands in the triangle close to the support area ✔️
if
the price does not break this support zone to the downside, we will see more gain 📖🚀
our
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
OBXUSDT long ideaIts just listed on Bybit and soon will be new listings and price will climb.
First target over 0.04-05 usdt level.
Solstad Offshore Positive UptrendSolstad Offshores Positive Uptrend is most likely to continue during the next weeks.
ZWIPE, Long (medium timeframe)Long position with a timeframe of 3-6 months. Stop-loss at -20%, and sell-out at 50%. *If the instrument doesn't break to much under last resistance. Would consider buing only if the price bounces upwards.
OBX shortWith falling oil prices and corona-virus spreading like a wildfire, we are likely to see the obx drop even more. It does not look like Saudi or Russia is planning to stop dumping the oilprice either. The Norweigan krone is has had a huge loss because of the oil price, and foreign investors leave the norwegian market when the price of NOK vs EUR/USD is rising. The Euro has now risen more than 13% in the last 29 days
Mulig MOWI shortHar falt godt igjennom trend, og flere støttenivåer. For ikke å snakke om problemene som kommer når de ikke lengre får fraktet fisk, og etterspørselen synker pga korona
OBX / Equinor Spread Trading StrategyBased on the example explained in the Tradingview Wiki for Spread Charts (www.tradingview.com).
Pairs trading involves trading two separate instruments simultaneously in order to execute a single trade.
Pairs trading is a popular way to alleviate some of the risk of trading. The idea is that you find two highly correlated symbols (or two very lowly correlated symbols) and enter a position in both symbols. If the pair is highly correlated, they should move in the same direction.
Typically, an opportunity presents itself when the pair ratio breaks through a threshold that is a certain number of standard deviations away from their average standard deviation.
You would then, go long in the symbol that is under-performing and short in the symbol that is over-performing.
When the pair moves back towards its average deviation, you would then close out both positions.
Many technical analysts use the Bollinger Bands indicator to spot pairs trading opportunities. In example, Bollinger Bands are set to be 2.2 Standard Deviations away from the average.
It is important to note a number things in regards to pairs trading:
A pairs trade is designed to be market neutral. This means that because of the positions that you take in two separate instruments, the direction of the market will not effect the position. The trade is designed to profit from the relationship between the two instruments, not the direction of the market itself.
Correlation moves along a scale of -1 to 1 with 1 meaning the instruments are perfectly correlated. Keep in mind that pairs trades can also work with pairs that are extremely negatively correlated (close to -1). When setting up a pairs trade with negatively correlated instruments, you would want to enter the positions when the two contracts are closer together than usual with the anticipation that they will move apart in opposite directions. In this case, you would enter positions in the same direction for both instead of going long in one and short in the other.
Another important piece of the puzzle is position size. The whole idea is to be market neutral. Therefore, you would not simply enter the same number of shares or contracts for each instrument. You would want to create the same actual dollar value in both positions. If you strictly use an equal number of shares on both sides and the dollar value of the two instruments are wildly different, then the side with the higher dollar value will have way too much weight in the trade.
The key to pairs trading is the correlation between the two instruments. One thing that many traders fail to realize is that the correlation between instruments is ever changing. Even during the course of a trade, their correlation can change. This is why correlation is important to always monitor when in a pairs trade. The trader should be prepared to exit any trades which have drastic changes and correlation.
Short Norway OBX Index @ 700; TP @ 686, SL your choiceShort Norway OBX Index @ 700; TP @ 686, SL your choice
This could be setting up to a very simple and profitable trade
For confirmation, use renko 1h + MA8 crossover.
Hold until renko negative crossover MA8
CCI seems to point to when its GO! just keep an eye on it
Its a clean and simple setup, you should not be able to do wrong here.
Company has attracted new investors and something is brewing, new members of board to be elected 21 june 2016.
Please do your own research on the rest.
www.intexresources.com
Double bottom is about to build in 0,4 area.
If you use geared broker, be carefull not to put SL too close
Sorry that Renko does not show progress, but you will see in right window.
Happy trading
Norway index OBX IS GOING TO RUSH DOWNHello Traders as someone can know i am from Norway and sometimes i am not only looking at Forex but some trades wich i can add to my personal portfolio. Norway index is not in good shape at this time. What i think about it you can read up on chart. Have a nice trading ;)
