


MattArmstrong
I'll take this trade again all day. We have been doing our job waiting for "good" setups, the Market is just not interested in providing easy trades right now. MACD - present RSI - overbought on 1H, 4H, daily. Shooting Star candle 1% Risk, 2:1RR
The dollar has seen an incredible run up due to fear and "safe haven seeking". These are incredible times. Once again I caution you guys on trading heavy. There is USD economic news coming up today, and CHF news overnight. Ok, I see price has hit a solid area of resistance. -MACD showing divergence. - RSI is almost overbought, looking back at major reversal...
I am looking at this area due to over extended price action: 1. Price close to a 3rd resistance pivot on the daily. 2. RSI overbought 3. High-Wave candle formed last week, showing weakness. 4. MACD on lower timeframes...but you can always drop down and find that, divergence on the 1 hour. 5. I've tucked my stop past a pivot and the psych level of 1.84000 I am...
I'll be easing into this week. Loads going on...I have already pulled this trigger. I have scalped a touch and in a small position elsewhere...but keeping things light and lose. I see upside and I am positioned this way...I will start tightening my position quickly, the aim for this week is to keeps last weeks profits. I am honest when I have losses, anyone who...
I'm actually going to take another crack at this...the probabilities are mounting of a reversal in my favour. I'm in the trade, news was a driving factor of the push up over night. ForexFactory.com - 4 Hour Doji on the uptrend significant. - RSI overbought , still. - MACD Divergence on the 1 hour timeframe. - First Resistance pivot. It's a 2:1 RR and...
4 Hour candle Confirmation. I've taken this trade. I have enough conviction and think there would be enough of a reaction to atleast get to breakeven. This trade makes sense for me. Trigger pulled, Idea illustrated. 1% Risk 2:1 RR
The index has sold off so much, and has made a couple of significant moves: - Price has sold off back into the rising wedge/channel - Price has retraced back to a 200 daily EMA, always watched by traders. - We are nearing the 50% Fibonacci level - This area will be closely watched by me and of course many other traders. Currently my bias is to short, but I...
I am looking at this price extreme here. We have price slowing on a 4 hour chart, and smashing into a daily 200 on the daily. I see RSI's overbought and MACD divergence presenting on lower timeframes. This week will be an interesting one....coming off some real fear and risk aversion. Lock in your risk management and let's get to work! 1% risked, 2:1 RR
I'm not sure about the timing on this but.... I am positioned this way. 1% risk 1:1.5 RR
I thought this was an interesting lesson in "Fractality" of markets. The idea that patterns exist within patterns. The "Fractal" nature of markets. If you examine a snowflake is it made up of smaller versions of itself, much like a head of broccoli, you pluck off a small piece that is simply a small version of the larger one - enter fractals. I have included 4...
I see a pullback till the continuation: - double top - several candle patterns within that top suggesting a reversal. - RSI overbought - MACD - meh? - Previous area of resistance, but looking back further previous support. , will need a strong thrust to push through that. I'm taking it easy this week. It's only Monday.
I am seeing some reasons for Ethereum to slow down, relax before price potentially continues onward? -RSI overbought -MACD Divergence on 4Hour -price is at and has touch a significant daily resistance level - Price has hit a daily R-Pivot 2 - Price action is parabolic currently All we can do is build our case and trade it. Saying all this. it's friday and...
OIL has sold off so much these days. There is the obvious CoronaVirus issue happening...which...seems to have little effect of the Stock Market, impeachment trials etc. I can't help but be a witness to these crazy events. Oil has sold off and we did get more downside from my last post, I now have a limit order set on this one. - The major psych level of $50 -...
I have been watching oil closely, I just can't come up with a reason to long....not at this point in the CoronaVirus discussion that has shut down so many modes of transportation. I see a bearish flag developing here and I would only be interested in longing this commodity (that has sold off so much) at a level shown on the chart. I am not in this trade...
We have had a sell-off in equities last week. There is a lot of downward pressure on things, virus scares etc. Saying that, the S&P has sold off to a pivotal area: - Price is hitting a 4 hour 200 EMA (as this index is so heavily scalped, a 4 hour chart matters. - Price on a 2nd support pivot. - Price is now resting up against a steep upward...
I am looking at this pair: - I see a Head & Shoulders pattern within the channel. - I see that price has moved toward the channel but has not shown the rejection I would be interested in seeing. - We are below the 200 EMA on the daily, significant to me. - This is a price action play to me, if you zoom out you can see price has developed a bearish...
We have been chatting about this equity, simply for how overbought this thing is, I have been saying how the "market" is starting to show cracks and how TSLA is showing weakness in its upward trend. This has been one of the more polarizing ideas I've posted... so I'm keeping up with the analysis. I took the trade, next day it gapped and was very close to...
I posted this idea back in November. We are seeing the downside desired, I will be looking for a long at the highlighted areas. (Walmart is such a legacy buy) This stock has shed $5 / 4% +/- a share since I have posted the idea. I have alerts set in TradingView to capture moves that I don't watch on a daily basis. Great feature!