spx500 is started the 2nd round the zone of 4100 is a critical zone for #spy.
its the 2nd try to fight with this zone and this time a bit stronger.
I am personally 60% cash and I prefer to stay calm waiting for a strong breakout beyond the 4300 .
for the next week the volume is more important than the price.
Nyse
NYSE: F (FORD) - HARMONIC GARTLEY - LIMIT BUY - ATR SLHarmonic gartley completed a few days ago and was identified today. The systems criteria is still being respected so an entry was taken at the price that would originally have hit the buy limit a few days ago using the same SL that the original harmonic setup rules call for. Lets see if it plays out
NYSE - VISA - BREAK & RETEST - MOMENTUMBeginning testing phase using my system in the stock market!
Aiming for being able to use it for my own personal longer term investments, ideally to diversify and sow multiple income streams!
The strategy is simple but very systematic and well defined and it's taken me many years to really put together every part of successful trading down to the most intricate detail. If it can work in other markets as well as forex, then the proof will be in these public ideas that everyone has access to and that can't be deleted once posted so there will be no doubt of the authenticity and quality of the system. Which in turn, might open the door later on for potential educational material to diversify income streams which will in turn bring a higher quality of execution in the markets because there will be less financial pressure to perform.
Anyways before any of that takes place, I must see if the system can achieve a positive expectancy in stocks so be on the lookout for future stock posts as well.
Starting out with V using my bread and butter! The classic B&R play that appears throughout my ideas in forex. As far as timeframes, from pure observation in past instances with the stock market, I've found the 3 Day candle chart to be particularly clean in terms of price action so that will become my default timeframe for stocks for this first testing phase.
Lets see how this plays out over the next few weeks!
DXY-- Longing opportunity Wednesday-FridayStill feeling very neutral regarding the US Dollar, but in order to extract value
from a market, you have to take risks, and manage those risks properly.
Consider waiting for more confirmation that we are breaking out from this
small timeframe downtrend, and entering on the retest..
Expect more volatility heading into the NYSE open Wednesday, followed by
a lot q/q news, etc. on Thurs & Friday.
As always, happy trading, and Godspeed.
DXY-- Last trading attempt approaching Friday's openPlease take a look, enjoy, and criticize the last few postings I've made regarding
the DXY this week. Traders know there is not much to say. This truly is a beautiful game we
play. A never ending game, at that. I'm still trying to find my footing, my balance,
if you will, on the TV platform. Who has a question? Who wants to discuss? My
main studies have been on Fibonacci levels, general/typical market structure,
and, of course, the infamous left-wing news power-structure and how it affects
participant sentiment. Go long, baby. He's about to throw it. Just my opinion.
"Keep it simple, stupid."
As always, happy trading, and good luck!
TARGET reached NVIDIA to $215.54 - and now we just waitCup and Handle formed and broke to the upside.
Since then we have had the price swim nicely to the target at $215.54.
Also, the price has continued up and up which hasn't given us another trade signal.
I guess, we need the price to consolidate and equilibrate before us breakout traders can do anything :)
spx500 is in stage 1 still 1- markets are dynamic
2- when a trend got broken, new one starts not necessarily a reversed of last trend.
3- for now, we can say that, the stage 4 (bearish/ decline faze) has ended.
4- we are now in the end of a stage 1 situation
but, it can go to a stage 2 or new stage 4 . I mean in this situation we cant be sure about the next main trend.
so, being cash or trading with minimum position size and maximum risk management is highly recommended for now.
be aware of volume spike and to see more details go to the daily time-farm.
which daily candles accompanied with a bigger volumes?
Dollar Bulls. A Flop from Friday NY Session. 🤔Volume is coming into the market. Players were eager to return to the arena after the bank holiday. Market structure was bearish walking into week. Not surprised . The top wick of last weekly candle was 108 pips. That's bearish momentum in a nutshell. then you draw up lines on smaller timframes and use technical anlaysis to look for a good RR entry on 4hr/1hr minor zones. There is a high probability that price will drop off a cliff here, and into the abyss below. The 4hr timeframe is pushing us bearish. We failed to close above the 1.06650 4hr zone on the 4hr Timframe and consequently left a very large top wick ( 37 pips) which i interpret as rejection of higher prices. We'll see what happens here. 1.06130 is last weekly candle low price. that is first target. second target being 1.055
spx500 is normal For the first time in over 300 days, #spx broke above the 200d SMA and its downtrend pattern.
The 50-day SMA has crossed over the 200-day SMA.
After a long bear market, the current uncertainty in the market is quite natural.
I expect this new little flag to even reach 4000 for a last kiss and then it can go up.
The next barrier could be around 4300.
NYSE UPDATED SEE THE FRACTAL NOW The chart posted has never been altered . We are now in the LAST WAVE UP . in this BEAR MARKET COUNTER TREND RALLY. I will maintain that the cycle low due week of OCT 4th to the 20 focus the 10th target 3511/3490 WAS and IS the FIRST LEG DOWN. We are now coming to the end I am 75 % net long and the min target to peak is above 4222 I have ideal target 4308/4311 But feel 4255 plus or minus 6 could be the End The only alt is the outside target 4344 . I give this a 15% odds . I do feel that this is the HIGH of the year . I will be moving to a rare 80 % to 100 % short from 75 % net long. For most of you the only safe way to trigger this trade is to see the rally to above 4222 unfold over the next 72 hours. and place a SELL SHORT ON A STOP at todays low to trigger the short. The event that is nearing !! best of trades WAVETIMER ! May good only be watching over us !!!
NYSE:JNJ 13th FEBRUARY 2023The trendline is the most common part of technical analysis in forex trading. But when compared to support and resistance, trendlines are less commonly used. The trendline should be more significant due to the number of touches.
Trendlines are very suitable in combination with several technical indicators, one of which is the Money Flow Index ( MFI ).
MFI is an indicator used to measure money inflows and outflows from local and foreign investors in the stock. Since MFI measures money inflows and outflows, it also involves volume in its indicator.
In other words, MFI also measures market interest in a stock (inflows and outflows are closely related to market interest). That's why MFI also includes volume in its indicator.
How to read the MFI indicator is very easy, almost the same as how to read other indicators, such as the relative strength index, stochastic, and others.
MFI has 2 main boundary lines, the overbought and oversold lines. The overbought line is at 80 and above. The oversold line is 20 and below (note the arrow above). This means that if the MFI indicator is at 80 and above, there has been too much money inflow from investors, which causes the stock price to rise, thus causing overbought.
Meanwhile, if the MFI indicator is at 20 and below, there is too much money outflow from investors, which causes the stock price to fall, causing oversold.