Get started

Marketprofile

Open Auction Day in StocksStocks are forming an open auction day, consolidating about yesterday's POC. They seem to be knocking on the upper bound of this range, indicating we may see a slow drift higher. This would make sense as the markets have been beaten down off trade fears for the past few days. Keep in mind that a headline could send us careening up or down depending on whether it concerns Iran sanctions or a trade deal (positive or negative). The Kovach Momentum Indicators have been solidly bearish the past few days, but have come to a bit of a stand still indicating that the markets are taking a breather. This would support our assertion that a small upside correction is in order. The Kovach Reversals indicator suggests we are oversold which portends that the pendulum will swing to the bullish side even if this is short lived.
CME_MINI:ESM2019Long
by quantguy
HSI need to prove to stay above 29900 and higher$HSI is stuck within 29900 - 29500 area. the range become smaller and we have shifted down balance after the high of Apr'19 . Today, HSI bounced at 29600, this was showing that market still "hopping" for long term bullish. But I don't see any market conviction yet on the up side. 29900 still the bracket for couple of days. we are in distribution pattern, but will see if the market can change this become re- accumulation for longer better out look. For Now, there is no strong holder on up side here, and no new seller. peoples just buy at low and givin'up at the strength. i scalp it every day, and just get out at every intraday support and resistant. I have no confident for holding longer. I plan to ride the break of 29900 to test 30100 - 30200 level.
OANDA:HK33HKD
by kinetix360
Poor High + Increased Short Position Possibly Lead to new Highs?We do not have an excess top on the 9, showing possibly a lack of demand and following liquidation as simply an inventory adjustment in the auction and not new selling entering the market. Large short accumulation in this period could be due to short term technical and not long term fundamental reasons. This might possibly indicate smart money stepping in at these prices and accumulating these short term momentum trader short positions. This would fly in the face of most short term technical outlooks. Just an idea, i'm publishing as a way to track my thought process with regards to bitcoin.
BITSTAMP:BTCUSDLong
by tookerjubz
1
BCDBTC Volume Analysis Prediction 04/08/2019Finally we have activity on the market, volatility increases, that's a good signs. After several growth candles we saw sharp reactions from the resistance zone 0269-0275. It is obvious that in this area there is interest from the big seller. After the last rise, the price could not even reach this area and began to form slow downward structure. Buy: area 0217-0219 (with confirmation) Take Profit1: 0236 Take Profit2: 0253 Take Profit3: 0269 Buy: 0236 (after true breakout) Take Profit1: 0253 Take Profit2: 0263 Take Profit3: 0275 Stop Loss 1-2% Priority: Bear
B
by mooncatcherpro
Correlation EURUSD VS. USDCHFHere is my two yestarday´s levels from my Members area. ( Both ended up in profit ) Let me explain my how correlation between EURUSD and USDCHF works and how you can look at the charts. EURUSD and USDCHF are negatively correlated (correlation almost -100%). If USDCHF falls, then EURUSD should rise. If EURUSD rises, USDCHF should fall. This means that in similar areas there will be similar levels for trade. HOW THIS CAN HELP ME IN TRADING? If you consider some price level for trade make sure that is visible on other pair too... If will be significant area for long on EURUSD, make sure that there is a significant area for short trade on USDCHF too! If there is, then you will be more likely to have a successful trade. Happy trading Dale
Education
by Trader_Dale