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Trade idea with Bollinger and RSIHello everyone, the first indicator which i used are the Bollinger bands, to see how the trend could running further. The last candle was a down candle but the wick is under it, that is showing a pump up for going further in a bullish market. The Bollinger are tested from this candle and would it be, that the next candle breaking the third Band of the BB it could be a next sign for a bullish course. The second is the RSI which i use to see in what periods the market is oversold, or overbought. Thats a signal for get in with a trade, or stay out. Above the 20 mark i use that point for building a trade channel, so i get in a trade where in both ways is a possibility for keeping the premium. Getting a imagination how wide my channel should be, i look up over the ATR the move in the market is in one week. But we will see whats happen on monday, after the news are now came out. Best wishes
AMEX:SPY
by helgenson
2
AUDNZD Short term intraday review of current possibilities On a 1H chart we have a bullish pattern (hour must be closed as is) Currently At daily pivot Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bullish PA patterns to begin with at 1.0570 "P.S.: Current short term analysis can look opposite to what I have posted of a higher grade. 
It happens because I’m reacting to a current market conditions, as big changes are starting with small. 
Also entry level on a higher grade chart can be a target on a lower grade chart" "Any questions are welcome!!! just write down in comments.

Your likes are much appreciated."
Long
by Marenno
Short term intraday review of current possibilities EU On a 1H chart we have a bearish chart pattern (In case if the hour will be closed as it is of lower) Price is currently at 76.4% Fibonacci retracement area (Filtered to 1H timeframe) in a relation to previous swing Down Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns to begin with at 1.1045 "P.S.: Current short term analysis can look opposite to what I have posted of a higher grade. 
It happens because I’m reacting to a current market conditions, as big changes are starting with small. 
Also entry level on a higher grade chart can be a target on a lower grade chart" "Any questions are welcome!!! just write down in comments.

Your likes are much appreciated."
Short
by Marenno
1
USDJPY Short term intraday review of current possibilities On a 1H chart we have a bearish chart pattern Price is currently at 38,2% Fibonacci retracement area (Filtered to 1H timeframe) in a relation to previous swing Down Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns to begin with at 120.55 "P.S.: Current short term analysis can look opposite to what I have posted of a higher grade. 
It happens because I’m reacting to a current market conditions, as big changes are starting with small. 
Also entry level on a higher grade chart can be a target on a lower grade chart" In my honest opinion, when intraday trading, if opposite - directional price pattern appeared, then there is no need to hold further, as a better opportunity is possibly coming. so closing a trade might be a good idea. "Any questions are welcome!!! just write down in comments.

Your likes are much appreciated."
by Marenno
EURCAD Short term current viewShort term intraday review of current possibilities On a 1H chart we have a bearish chart pattern At daily pivot Price is currently at 50% Fibonacci retracement area (Filtered to 1H timeframe) in a relation to previous swing Down Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns to begin with at 1.4435 "P.S.: Current short term analysis can look opposite to what I have posted of a higher grade. 
It happens because I’m reacting to a current market conditions, as big changes are starting with small. 
Also entry level on a higher grade chart can be a target on a lower grade chart" "Any questions are welcome!!! just write down in comments.

Your likes are much appreciated."
Short
by Marenno
EURUSD Weekly review, as a plan for a begining of the week.Price direction on a Quarter chart is down, as new lower low and lower high appeared (Price direction is not the same as a trend direction) Last Quarter's close is below 5MA what gives a bit more power to bearish signals We have a bearish chart pattern (Quarter) Price is currently at 61.8% Fibonacci retracement area in a relation to Previous swing UP Will look for a bearish long-term entry setup (based on Quarter chart, using lower leverage and wider stops, this type of trade will be left open for up to a quarter) at around 1.1025 On a weekly chart we have a bearish chart pattern Price is currently at 23.6% Fibonacci retracement area (Filtered to weekly timeframe) in a relation to previous swing Down Will look for a bearish short term entry setup (based on weekly chart, this type of trade will be left open for a few days) at around 1.1025 On a 1D chart we have a bearish chart pattern Price is currently at 76.4% Fibonacci retracement area (Filtered to 1D timeframe) in a relation to Previous swing UP Will look for a bearish short term entry setup (based on 1D chart, trade will be left for Hours, but position will be closed in parts and using a trailing technique, will try leave it open for a maximum period possible) at around 1.1025 In conclusion, all the levels I mentioned are based on a current market activity, but everything can be changed within seconds, however based on a review that is done, I will be looking for a selling opportunities coming week.
Short
by Marenno
13