


MattArmstrong
What is the Dollar Index going to do here? It's at the bottom of a major channel going back to September 2018, let's sit on our hands and wait for price to tell us what its up to. -Happy Trading!
I came across this idea on @RealVision. I don't take trades that other people mention without my own analysis confirming what I'm hearing. I agree and added to the analysis. Firstly, I like Walmart, I shop there. I'm bias towards the company in that fashion. I see economic slowdown and people tend to lighten up on the sundry items where they can...enter Walmart....
I've been watching copper for several weeks, wow what a drop. I am seeing some encouraging patterns for a long, I would be taking a 2:1 and out, not holding this one. I see a hammer at the end of a trend resting on previous support, MACD divergence, RSI oversold (even on the daily), I will set a limit order at support, I want the best entry here. That's it,...
I only started watching Soybeans because of poor fundamental news. Bumper crops, tariff issues. etc. (I don't trade futures often) I noticed an incredible run up...seeing a shooting star develop on the daily PLUS price is at significant levels, pivots, ema's etc. I am taking the short at the 61.8% Fib level. Lets see how this trade rolls out. 1% Risk, 2:1RR -...
I'm sure everyone has heard the terrible news, and now talks of potential mechanical similarities in failures...not a good scene. I had a gander at this symbol, look at this weekly chart! Price is ready for a "mean reversion" plus a "Bearish Engulfing" pattern in addition the event news (fundamentals) and we have a serious short. I would be interested in this...
So I was randomly trolling charts to practice technicals, I stumbled upon this company. I know absolutely nothing of the company or what it does...although using sleuthery I can assume Real Estate. I started running trendlines, fibs, and a top down approach. Looking at the Monthly: there is a huge "shooting star" candle. Weekly: a bearish engulfing setup , Id be...
Good day all. I am seeing a Cup & Handle Pattern on Gold Daily chart. If we measure the height of the neckline to the "most shallow" part of the cup we can project that upward to give us a rough area for our target, we can either enter on the break of the wedge or what I think we be a bottoming of price action inside the wedge at support. There you have it...my...
I'll be keeping an eye on this candle today. If we have a close below the Daily 200 EMA , this is not encouraging for the bulls. Plus with a strengthening USD and trade war this and tariff that, I'm a bear. If you look on the monthly chart you will see a "bearish engulfing" candle developing. I am not in this trade, but I'll be keeping an eye on it for...
It's so beautiful, I simply can't look away, given the weight of evidence in this trade, I'll be going long. If it fails, well heck, we did everything we could have. 1% Risk, 2:1RR - Happy Trading!
I am a perpetual Gold Bull, I see some reasons to stand by that, Price has tried to break level as of late, There has been a nice run up and price has relaxed back down to the 50% Fib, of the recent swing high. I very much like 50% Fib entries, and this is no different. I see price has made a lovely high wave candle, its a spinning top that is showing price is...
I'm breaking down what I'm seeing on CAG - Conagra Brands Inc. (Nasdaq) Price has suffered late last year (Nov) but has rebounded nicely to almost the 61.8% Fib retracement area (not shown), pushing through 50% now on the Monthly charts, Price is above a 200 daily EMA. I see price relaxing a bit back down to the 50-61.8% Fib on the current leg up. Then, with a...
I'm seeing price slowing and a potential reversal to the upside on XAGUSD, MACD divergence with an RSI oversold. I'm gonna go out on a limb and surmise the break out of the support level is false. I'm fairly bullish on metals and I think the USD is going to weaken over the longer term. 1% Risk 2:1RR - Happy Trading!
I'm seeing a short trade on the USDJPY, we have price at a some major levels, 4 hour 200 ema, previous support/resistance area, RSI overbought on 4 hour, MACD divergence forming on 4 hour and present on 1 hour. high wave candles formed on 1 hour, I think this looks like a nice 2:1 potentially a 3:1 risk reward here. We will see?! 1% Risk, 2:1 RR - Happy Trading!
Here is my trade idea for SQ, it's a 2:1 risk reward, looking for price action to then retest previous Resistance area, the "change of polarity" making the shaded area support, for more upside action. That is my thesis, get that stop below the 200 EMA and manage risk. Good Luck traders.
This stock has not been doing well, there are some serious issues with one of their products and people have been hurt or killed. The stock dropped dramatically and has since dropped lower. I would not be looking for longs on this one. and I see at market open (while I'm writing this, another drop!) The big kicker for me is the gap that happened March 11, has...
I see some downside to this pair. I watched EURUSD drop like a rock all day, It "has" to come back and revert to mean. Saying that, I like the technical picture on USDCHF over the EURUSD (The two pairs are negatively correlated) I see: an RSI overbought, MACD divergence, price hitting a monthly pivot and settled around a weekly pivot. Price is a mention (1.020)....
I won't trade this pair but I see the price relaxing a little to the downside. Happy Friday Y'all 1% Risk 2:1RR - Happy Trading!
I am looking to short Facebook this week, Personally I do not like the software and the company is under constant complaints, and now Trump is tweeting negatively about it. I see price has hit a resistance level, I'll have to see where the pivots adjust next week, the RSI is overbought on the daily, MACD divergence present. Within this distribution phase, there...