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Trendfollowing

CBA @ 28 OCT 2021Text me if you have any questions/comments for me. ----- CBA - First time doing a written analysis on CBA - During the FB livestream on 24 Oct, I suggested the stock is worth a look if there is a successful breakout of the strong resistance (orange line) - Stock has some history of uptrends but also suffers from sudden strong pullbacks - Today’s close is above the strong resistance but was no accompanied with above average volume - A successful breakout is above 107.50 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful breakout before plotting entry if believe the stock is capable of forming new all-time highs
ASX:CBA
by Jerm88
ALQ @ 28 OCT 2021Text me if you have any questions/comments for me. ----- ALQ - Previous written analysis was done on 19 Oct (red arrow) -> suggested waiting for a retracement and successful rebound before plotting entry - Since then, the stock has retraced back to the short-term average - Stock looks to be testing resistance-turned-support (orange line) and any successful rebound from here would be good for the continued uptrend of the stock - If the 13.20 support level breaks, the next strong support is the mid-term average - A successful rebound is around 13.90 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for successful rebound before plotting entry
ASX:ALQ
by Jerm88
XRF @ 27 OCT 2021Text me if you have any questions/comments for me. ----- XRF - Previous analysis was done on 23 Sep (red arrow) -> suggested waiting for stock to retrace and rebound successfully - Since then, the stock retraced strongly to test the mid-term support - The subsequent rebound was not successful and formed a LH - Stock tested the short-term support again and today closed at the 0.67 resistance levels (orange line) - A counter-trendline (blue dash line) shows that today’s price action has closed above - A successful breakout looks to be around 0.69 levels - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest waiting for stock to successfully breakout before plotting entry
ASX:XRF
by Jerm88
PLS @ 27 OCT 2021Text me if you have any questions/comments for me. ----- PLS - Previous analysis was done on 20 Sep (red arrow) - Suggested waiting for a series of Higher Highs and Higher Lows - Since then, the stock dropped below the mid-term support and have had a V-shape recovery - A retracement to test the short-term support and a successful rebound will be good for the mid-term trend of the stock - Strong overhead resistance zone at 2.40-2.50 levels - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a retracement and successful rebound
ASX:PLS
by Jerm88
JHX @ 27 OCT 2021Text me if you have any questions/comments for me. ----- JHX - Previous analysis was done on 16 Sep (red arrow) - Suggested entry around 54.90 levels if believe the stock can create new all-time highs - Since then, the stock did not rebound to $54.90 but instead broke through the short- and mid-term supports and tested the resistance-turned-support at $47 levels (orange line) - Stock looks to be rebounding with most indicators showing positive signs - Today, the stock retraced to test the short-term support - A successful rebound look to be around 52.50 levels - Overhead resistance zone at 54-55 levels (blue highlighted zone) -> Any entry below this strong resistance will be on the belief that the resistance can be broken - R is less than 10% - Strategy-to-buy (DYOR) – Suggest half entry after successful rebound if believe the stock is capable of breakout of strong resistance zone
ASX:JHX
by Jerm88
LIC @ 27 OCT 2021Text me if you have any questions/comments for me. ----- LIC - Previous analysis was done on 14 Oct (red arrow) - Suggested waiting for a retracement and successful rebound - Since then, the stock has retraced to closed at the short-term support - A successful rebound look to be around 23.50 levels - If the stock continues to break below the short-term support and test the mid-term support, setup for entry will no longer be good - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
ASX:LIC
by Jerm88
360 @ 27 OCT 2021Text me if you have any questions/comments for me. ----- 360 - Previous written analysis was done on 19 Oct (red arrow) -> suggested waiting for successful rebound breakout around 9.90 levels before plotting entry - Stock successfully broke out yesterday and today, it gapped up to almost 5% gains from suggested entry level - Stock created new all-time high today - Price is now too far from short-term support - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a retracement and successful rebound
ASX:360
by Jerm88
RDY @ 26 OCT 2021Text me if you have any questions/comments for me. ----- RDY - Previous analysis was done on 21 Oct (red arrow) -> suggested waiting for a successful rebound around 3.80 levels before plotting entry - If you have taken the suggestion, today’s price action would have provided gains of almost 4% - On 12 Oct, I also suggested entry at 3.50 levels which has seen the stock increase almost 13% since - Price is currently too far from the short-term support - Potential psychological resistance at $4 levels - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a retracement and successful rebound
ASX:RDY
by Jerm88
QAN @ 26 OCT 2021Text me if you have any questions/comments for me. ----- QAN - Previous analysis was done on 26 Aug (red arrow) - Suggested waiting for a series of HHs and HLs to form before plotting entry - Since then, the stock has created a series of HHs and HLs - A support zone is forming at 5.50 levels –> a successful rebound to around 5.80 levels would strengthen the support zone - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
ASX:QAN
by Jerm88
NVX @ 26 OCT 2021Text me if you have any questions/comments for me. ----- NVX - Previous analysis was done on 4 Oct - Suggested waiting for the next rebound wave - Since then, the stock has tested the mid-term support and successfully rebounded above 6.60 levels - Potential psychological resistance at $7 levels -> a test and retracement would form a double top formation - Stock doesn’t respond to the short-term average - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for the next rebound wave
ASX:NVX
by Jerm88
AMS @ 26 OCT 2021Text me if you have any questions/comments for me. ----- AMS - Previous analysis was done on 12 Oct (red arrow) -> suggested waiting for successful breakout of counter-trendline (blue dash line) before plotting entry especially if comfortable with overhead strong resistance (purple dotted line) - Since then, the stock has had a failed breakout of the counter-trendline and fallen below the mid-term support - Recent price action is not good and would constitute a structure break - Strategy-to-buy (DYOR) – Suggest waiting for a series of HHs and HLs
ASX:AMS
by Jerm88
1
ASX 200 @ 26 OCT 2021Text me if you have any questions/comments for me. ----- The last time I did an analysis on the S&P/ASX 200 was on 12 October (red arrow). Since then, the ASX 200 has broken through four resistances: - (i) counter-trendline (purple dotted line), (ii) short-term average, (iii) mid-term average, and (iv) the 7400 psychological resistance (orange line). Within 2 weeks, the ASX 200 has recovered almost 2.3%. During the same time, the S&P 500 has rebounded by almost 5%. In last Sunday’s FB livestream, I compared the ASX 200 and the S&P 500. I’m sure quite a lot of us have wondered why the ASX 200 retraces faster but rebounds slower than its US counterpart. This is a clear sign that the ASX 200 index is weaker. I covered more ground during the livestream, so I suggest checking that out. However, I do want to address the issue of bond buying (ie. printing money) being “financial doping”, “unsustainable”, “bubble creation”, and “impending major crash.” Economics 101 has taught us that printing of money is bad as it would greatly depreciate the country’s currency. Comparing the USD/AUD on 1 Feb 2020 till today, the USD has depreciated by around 10% during these months of heavy printing of money. At the same time, the US stock markets’ post-Covid crash recovery have almost doubled Australia’s recovery. Combining these two things (ie. currency depreciation and market recovery) would see a net gain for the US markets. I infer that the wider benefits to the economy (ie. global financial market stabilisation, job creation, etc) outweighs the currency depreciation factor. Personally, I would take my hats off and say that the bond buying exercise has achieved its intended objectives. At the same time, I’m also pretty sure there will still be a shock to the market once the financial teat is pulled out of investors’ mouth. When that happens, it’s likely that the ASX will retrace faster and recover slower than the S&P 500 again. Besides that, during the livestream, I also shared about the 4 potential directions that the ASX 200 could take over the next few weeks and what each direction would mean to the market. After 2 days of trading, it’s starting to look like Direction No. 4 (ie. Blue arrow = immediate retracement) is unlikely to take place and that’s obviously good news in the short-term. An immediate retracement would have spelt trouble as it would have heightened the importance and strengthened the resistance of the 7400 psychological zone. The US Federal Reserve’s FOMC meeting is taking place next week and we will have more clarity as to when the Feds will start tapering their bond buying exercise. With the Dow and the S&P 500 continuing their strong recovery and creating new all-time highs every day, I am expecting a strong pullback to happen soon. It’s important to make a distinction between feelings and facts. I have been expecting a pullback since mid-October but if I had gotten out of the market early by “predicting” certain directions, I would not have made continued gains. As a Trend Follower, if the stocks or index is still in an uptrend, I will continue to stay in the game until the uptrend breaks. Being trigger happy and selling too soon will cause a lot of heartache in trading.
ASX:XJO
by Jerm88
3
AUDUSD - Bullish BatIf you have the thought that NZDUSD and AUDUSD move exactly the same, this chart will prove you wrong. On the Daily chart, the candle has broken and closed above Point B, that increase the probability of the Bearish Bat Pattern completion. It is a dream of many Harmonic Pattern trader to buy at Point C and Sell at Point D. However, one shouldn't do that if one has not tested the setup or have a viable trading strategy to manage such trade. On the 1-hourly chart(right), there is a Bullish Bat Pattern setup within the buy zone. Having this pattern form and setup will not violate the Bearish Bat Pattern on its higher timeframe. I'm waiting to long on this Bat Pattern at 0.7400.
Long
by RaynLim
EURJPY sell in full swing ↘️🏌️Yen had to gain strength at some point our script has picked that up. Entry details are shown on the chart. Using our EDGE trend following strategy on this trade. Working the H1 time frame and we're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. Lets see if we can make it to target. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Short
by pow_removetheguesswork
2
GBPAUD buy is valid 📈👍Entry details are shown on the chart. Using our EDGE trend following strategy on this trade. Working the H1 time frame and we're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. Previous trade can be seen on the chart which was a successful short. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Long
by pow_removetheguesswork
2
GBPNZD long is running 👍↗️We are using our trend following EDGE strategy for this trade. Trade details on chart and we are working the 45M time frame. We're only looking for TP3. Previous short trade can be seen on chart. The trade history can be seen at the foot of this trade idea too for full transparency. In that box every trade is logged and can be viewed by clicking the tabs in the report box. You as the viewer of this idea can also do that so go ahead and have a play. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Long
by pow_removetheguesswork
GBPJPY short opportunity presents 📉🔔The Yen weakness couldn't last forever right. Our script says it's time for a sell on GBPJPY. We are using our trend following EDGE strategy for this trade. Trade details on chart and we are working the H1 timeframe. We're only looking for TP3. The trade history can be seen at the foot of this trade idea too for full transparency. In that box every trade is logged and can be viewed by clicking the tabs in the report box. You as the viewer of this idea can also do that so go ahead and have a play. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Short
by pow_removetheguesswork
Crude Oil Heading Towards $100Crude Oil has come a long way since the lows of April 2020, which took price down to just 1 cent. Price has since climbed back over 16,000% and currently looking strong. The first hurdle following the decline was in November 2020 when price approached the 50 simple moving average resistance level on the weekly timeframe. After defeating this indicator, price went on to challenge the 200 simple moving average, which at first held its ground, but price eventually broke through. Price went on to break above a previous level of resistance at $66 on its second attempt and did the same for the resistance at $76. Now that price has broken through multiple levels of resistance, the next major resistance that stands in the way is the $100 round number. This psychological level of resistance may prove difficult for price to break, so we need to keep an eye out if and when price approaches this level. For now, we can expect to see further moves to the upside and maybe even a retest of the support level at $76. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:USOILLong
by Sublime_Trading
S&P 500 Recovering Fast!The market appears to be recovering from the annual September pullbacks, as we can see with the S&P 500. Following the recent declines, price found support at $4305 on September 20th and then it looked as though the pullback was over. But after failing at the resistance zone consisting of the 20 & 50 simple moving averages, price declined again, but this time slightly lower than the previous low. Price then moved up and declined once more but not as low as its previous low, forming an inverted head & shoulders chart pattern. This pattern is an early indication of a potential trend continuation. Following this chart pattern, we can now see that price has continued to move to the upside and is currently just 9 points away from breaking the all-time high. A break and close above this level will confirm a trend continuation, and this should be followed by strong moves across the board in both the UK and US markets. We tend to see new trends emerge from October/November, so be on the lookout or new stocks appearing in our community and our weekly newsletter. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPXLong
by Sublime_Trading
2
LKE @ 21 OCT 2021Text me if you have any questions/comments for me. ----- LKE - Previous analysis was done on 14 Oct (red arrow) -> Recommended waiting for a successful rebound before plotting entry - Since then, not only has the stock rebounded, it has also broken out above the 65 cents resistance level with above average volume - Stock is proving that the mid-term average is a strong support - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a retracement and a successful rebound
ASX:LKE
by Jerm88
2
PAC @ 21 OCT 2021Text me if you have any questions/comments for me. ----- PAC - First time doing a written analysis on PAC - Stock has a history of slow uptrends which seems to have picked up speed since late August 2021 - It’s currently trading at a resistance zone at 7.90-8.10 levels (orange lines) that have been tested at least 5 times in the past - A successful breakout would be around the 8.35 levels - Another price rejection could see the stock re-test the short-term support - R is more than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful breakout and a good setup before plotting entry
ASX:PAC
by Jerm88