Dow Inc – DOW – Wait to step inLeft chart – daily chart / 1 year
• Resistance from the price gap formed mid-January 2023 at USD 56.58/57.02
• Resistance from 76.4% Fibonacci Retracement at USD 56.64
• Support from the price gap formed mid-November 2022 at USD 50.02/50.90
• It looks like that the MACD-Line is crossing the Signal line from the top to the bottom
• If there is another negative day, the share price will cross the 100-day MA
Right chart – weekly chart / since inception
• Resistance from the price gap formed June 2022 at USD 60.58/61.86
• Resistance from the 100-week MA
This doesn’t look like an entry point. The stock is trading between the price gaps from the short-term chart (left chart). The financial are coming out in 2 days. I would wait to invest and see an entry point at around USD 50.00
Entrypoint
BTC possible entry point with at least 1:10 risk reward ratio ! If you want to take a 1:10 risk-reward ratio do what I showed on the chart, but note that this method will have a lower success rate but with a higher profit. so, If you are an aggressive trader set the positions as I showed, but If you want to take a lower risk and lower profit with a higher success rate you can do what I wrote on the right side of the chart.
DYDX/USDT - bullish pennant with 2-3x potentialDYDX/USDT is showing a very promising bullish setup which will likely break out soon.
In this setup we can see a bullish pennant which is shaped like an inverted head and shoulders pattern that's near completion, successful retests of the previous downtrends and price sitting above the previous 2.50 resistance.
I really like the look of this setup and expect to see high double digit % returns and potentially even a 2-3x depending on the momentum of the breakout.
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- Buy zone: current price range, anywhere near the tip of the pennant or if you prefer a safer approach buy the breakout
- Targets are marked in the chart
In case of a pattern failure look for support on the dashed trend lines for a potential re-entry.
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I will try to keep this idea updated as the chart develops.
Best of luck and let me know what you think!
XMRUSDT I TOLD YOU SO AFTER 2023...Lets play the game I told you so...
It is too early to celebrate. I hope everyone was here when everything started so you can agree with me how I read charts.
This is not easy ride but I see lows and even further lows from here, I have XMR 50% of it is sold and I have the other as held on tight.
I just want to double my holdings on this. I know XMR will be the core foundation of Crypto and who fought a good fight...
XMR is used for darkweb transactions after Bitcoin got some light and all knew that we can still trace Bitcoin and who and where it went.
XMR solves and solved that. Hope we know what are the OGs and this is one of those few OG and 1% that really is not a scam and works in crypto.
US30 Dow Jones ShortDear friends and new viewers,
So far it seems that the Dow Jones is experiencing some resistance on its current price pullback. IF we break through the 50-day MVA and break through this key level of resistance we could see a return in an upward trend.
Even though it may seem tempting to enter a long here I would recommend a short instead since I am still bearish on the overall market. This could end up being a bull trap and could lead to a bearish outcome.
With the REX not showing a buy signal and since we are below the 50-day MVA as well as Jerome Powell still hiking interest rates, I believe this will be a bearish outcome.
Trade with caution,
~MC
www.forbes.com (FED rate hike for March, the meeting occurred and rates did get hiked.)
Long entry set up on Natural GasWhile natural gas has sold off in dramatic fashion over the last couple of months, a swing trade presents itself with a great entry at support.
Since entering an upward sloping wedge in July 2020, Natural gas has completed a 5 stage Eliot wave in typical fashion, an ABC correction and now potentially in a corrective 1 -5 Eliot wave move having lost the wedge trend.
The asset is in oversold territory with the RSI falling below the 30 level on the weekly, selling volume profile at peak levels in weeks but stalling on the $2.6 level which acted as resistance in Sep, 2019 and support more recently in April, 2021.
Anticipating a level 4 Elliot wave form with a technical target of $3.5 , potentially a 31% upside .
Ref :
CAPITALCOM:NATURALGAS
The Entry - Sell Today, we will do a few case studies on how we can make a market entry, this technique can be applied both the long-term or the short-term trades.
Today’s content:
1. 25 Nov 21 - Entry signal to short (transiting into today’s bear)
2. 13 Oct 22 - Entry signal to go long (for this bear rebound)
3. Today – Entry signal – Sell
If you have been following, today’s is the 5th tutorial in our Trading Series:
1. “The buy strategy”
2. “The sell strategy”
3. “Developing long & short-term view”
4. “Choosing between the time frame”
5. “The entry”
E-Mini Dow Jones Futures
Minimum fluctuation
1 point = $5
10 points = $50
100 points = $500
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
5 Market entry Orders Easily ExplainedBack in the old days, to action a trade you only had two easy options.
Buy or sell…
Fast-forward into the present day, and today you get slapped with five different options to choose from when you get into a trade.
Right now, I’m going to simplify these five trading entry orders in way that you’ll never forget.
Entry Order #1: Market Order
The first entry order is the easiest to understand.
This is where you’ll buy or sell at the most current market price.
When you choose a market order, it is the quickest, most effective and easiest way to enter into your ‘long’ or ‘short’ trade at the current bid (buy) or offer (sell).
Entry Order #2: BUY Limit
When you place a ‘Buy Limit Order’, you’ll place your long trade entry price BELOW where the current price is trading at.
Once the market price drops on or below the Buy Limit Order price, you will be automatically entered into your ‘long’ trade.
EXAMPLE: BUY Limit
If BHP Billiton’s share price is currently trading at R305 per share and you would like to buy (go long) at R300 per share, you’ll choose the Buy Limit Order.
You’ll then wait for the market price to drop to your chosen order price or below it where you’ll then be automatically entered into your ‘long’ trade.
Entry Order #3: SELL Limit
When you place a ‘Sell Limit Order’, you’ll place your short trade entry price ABOVE where the current price is trading at.
Once the market price hits this entry point or above it, you will be automatically entered into your ‘short’ trade.
EXAMPLE: SELL Limit
If BHP Billiton’s share price is currently trading at R300 per share and you would like to sell (go short) at R305 per share, you’ll choose the Sell Limit Order.
You’ll then wait for the market price to rise to or above your chosen order price, where you’ll then be automatically entered into your ‘short’ trade.
Entry Order #4: BUY Stop
When you place a ‘Buy Stop Order’, you’ll place your long trade entry price ABOVE where the current price is trading at.
Once the market price hits this entry point or above it, you will be automatically entered into your ‘long’ trade.
EXAMPLE: BUY Stop
If BHP Billiton’s share price is currently trading at R300 per share and you would like to buy (go long) at R305 per share, you’ll choose the Buy Stop Order.
You’ll then wait for the market price to rise to or above your chosen order price, where you’ll then be automatically entered into your ‘long’ trade.
Entry Order #5: SELL Stop
When you place a ‘Sell Stop Order’, you’ll place your short trade entry price BELOW where the current price is trading at.
Once the market price drops on or below the Sell Stop Order price, you will be automatically entered into your ‘short’ trade.
EXAMPLE: SELL Stop
If BHP Billiton’s share price is currently trading at R305 per share and you would like to sell (go short) at R300 per share, you’ll choose the Sell Stop Order.
You’ll then wait for the market price to drop to your chosen order price or below it where you’ll then be automatically entered into your ‘short’ trade.
I hope this helps with knowing how to place an entry order for next time!
Trade well, live free...
Timon
MATI Trader
When you get in to high.Currently, My new Entry is 23.64 down today. However, since the bottom is low. I am going to build my position so that I can be in profit when the market bounces back. Remember to view the articles and learn about what is going on in the companies to learn more about why the market is on the downside. Don't lose faith and only invest what you are willing to lose.
Supply and Demand Confirmation Entries ☑️The thing that catches most traders out is they don’t know what zone will hold, that’s why it’s always best to wait for the higher time frame zone to be mitigated, wait for the break of structure to confirm the trend is changing, then execute. Wait for confirmation ☑️
NZDJPY Bearish entry for Thursday Sell NOW ✅✅✅This liquidity seems too much perfect to be true, but it fits with all my thursday rules and im overall confident about the trade, i wrote some notes for you to see in the charts, i took the trade personally, im confident about. regardless, trade at your own risk. risk managment is key.
Goodluck
Danik bhaskar breakout Db Corp give a very good breakout of 1year trend (26aug 20 aug )which make as very bullish in this stick we also see a very good upside in its revenue in recent quarter soo we are bullish in it soo
buy it above 94.8
our target 98 100 106 118
Sl 91
For safe investors entry in it at 100 (we say it safe bcz if it crossed 100 level thn it also break the W pattern)
Target 105 117 130
Sl 91/88
How to enter position in sideways market?It wasn't the easiest months to trade.
Like, in normal up/down trend you can enter on a retest of previous range and put stop below that range, so it will react as support for your stop.
In a sideway market like now usually you don't get entry on a retest, becuase movemant is ti squzee/fast. So you need to enter as close as possible to highs/lows and start to pray price won't trigger your stop.