The triangle plays out as expected.
This time I didn't play the short side, because it's getting too dangerous for any short. You have to be very nimble and fast to jump out at the right time from a short position in a spiky bull market like this one. I'm also afraid this might be a tricky breakout without the tag of the lower trendline, so I will play this on the long side only.
The 50 EMA and 50 SMA played an important role in the triangle, so I will use this as an entry for another long position.
RSI is oversold on the hourly and turning up.
Don't forget we are trading with bankster manipulators. In this case you have to act like a thief and expect the unexpected.
This time I didn't play the short side, because it's getting too dangerous for any short. You have to be very nimble and fast to jump out at the right time from a short position in a spiky bull market like this one. I'm also afraid this might be a tricky breakout without the tag of the lower trendline, so I will play this on the long side only.
The 50 EMA and 50 SMA played an important role in the triangle, so I will use this as an entry for another long position.
RSI is oversold on the hourly and turning up.
Don't forget we are trading with bankster manipulators. In this case you have to act like a thief and expect the unexpected.
코멘트:
While everybody’s waiting for the tag of the lower trendline of the triangle how about a breakout without a red follow-through day tomorrow ?
코멘트:
We found support on the 100 SMA on the 1 hr chart.
코멘트:
Same 100 SMA on the 4hr chart
코멘트:
... and the 50 SMA on the 8hr chart
코멘트:
Shouldn’t we print a red candle
Today if we want to tag the lower trendline?
Why is this candle green?
Today if we want to tag the lower trendline?
Why is this candle green?
코멘트:
Because we will break out next week.
코멘트:
Today's price to watch for the breakout is 1425$.
코멘트:
Moment of truth.
코멘트:
I think we are breaking out today.
The move above 1424 will trigger a lot of buys.
The move above 1424 will trigger a lot of buys.
코멘트:
코멘트:
We stopped at the trendline a bit.
If it's a flag it might be breaking out here:
If it's a flag it might be breaking out here:
코멘트:
... and we might have just tested back the breakout:
코멘트:
코멘트:
DON’T TRY TO SHORT IT. It’s not a fake breakout. If you are in sit tight. If you are not in, no revenge short. 1500 is coming soon. This will go crazy especially if DXY collapses.
코멘트:
I think the flag is ready to break to the upside.
코멘트:
I'M not a big fan of today's price action. I have a MOET in the fridge for the weekend, but I will keep it for better times.
코멘트:
Price was hit hard almost immediatley after NY open.
First it seemed we just back test the green box, then we just sliced through the blue trendline. Now we have the red trendline as possible reversal zone, but this doesn't look good.
First it seemed we just back test the green box, then we just sliced through the blue trendline. Now we have the red trendline as possible reversal zone, but this doesn't look good.
코멘트:
It could drop a bit more and we are still just back testing the red trendline.
코멘트:
The dollar just can't roll over.
코멘트:
We have option expiry today:
www.marketwatch.com/...tionscenter/calendar
www.marketwatch.com/...tionscenter/calendar
코멘트:
That might be the reason for this slam.
If it's because of the expiration, it might rally by the close.
Let's see what happens at 22:00 Berlin time.
If it's because of the expiration, it might rally by the close.
Let's see what happens at 22:00 Berlin time.
코멘트:
Is the triangle backtest ready finally?
I guess we will get know by Wednesday.
코멘트:
Tough day for shorts today:
매매 수동청산:
코멘트:
I’m waiting for this 2nd DCL at the 50 MA at around 1410-20. Then one more pop higher wher this IC tops out with the 3rd daily cycle top. Then comes the move into the ICL.
