trading – Page 79

Crypto Contest February 8: Ethereum

February 8, 2019 Published by maarnio

Ethereum (Kraken: ETHUSD) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Ether began a wave one advance on December 14, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 5 this year, and the red wave two (blue sub-waves a-b-c) correction ended on February 6. If this wave count is correct, Ether should be heading next towards the January 5 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Looking at the monthly chart, I believe Ether is currently in the red wave five.

Forex $1 MM Challenge – Trade #5 (2-7-19) Sold USD/CAD

February 8, 2019 Published by timm

I talked about this set-up the other day.

Forex Analysis Report 2-5-19…Goldman Sachs Expects More Declines On USD/CAD

What’s really cool is the levels Goldman Sachs are looking at, I had already plotted…the Smart Money and I are looking at the same levels.

Today, I shorted USD/CAD when price returned to the daily supply at 1.32700, but was stopped out 4 hrs later.

So why didn’t the trade work out, it met my criteria for a trade?

Renewed pessimism about the strength of the global economy led to the down turn on Wall Street Thursday after European officials slashed their forecast for

The U.S. Stock Market Had One Hell of a Ride

February 8, 2019 Published by timm

If you haven’t been paying attention to the stock market the past two months you may need to do a double take.
The Big V
Just as the market broke key technical levels and broke down lower, putting us in “bear market territory” after falling 20% off the highs.
BOOM!
Just like that all is well in the world again as we have rallied nearly 15% to start the year.

How do you even trade this?
In the end we sort of got a capitulation bottom as volume did rise and spike to the highest level in over a year on that final down day before

Crypto Contest February 7: Vertcoin

February 7, 2019 Published by maarnio

Vertcoin (Bittrex: VTCBTC) has broken out of the triangle pattern in the weekly chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Vertcoin began a wave one advance in November 2016. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in October 2017, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Vertcoin should be heading next towards the October 2017 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Looking at the monthly chart, I believe Vertcoin is currently in the red wave three (blue sub-wave iii).

Unusual Options Activity In Array BioPharma

February 7, 2019 Published by timm

Things are just getting started in the Pharma-Biotech takeover frenzy. That’s because the biotech companies are selling at a discount. For example, Bristol-Myers Squibb BMY agreed to buy Celgene this month for a 32% premium. Eli Lilly LLY, announced plans to buy Loxo Oncology for a 66% premium. GlaxoSmithKline agreed to buy Tesaro US December for a 58% premium.

Array BioPharma develops cancer drugs including a recently-launched therapy for melanoma. It has potential therapies for several cancers in late stage development, including colorectal cancer and melanoma. And it has partnered with big pharm companies such as Bristol-Myers Squibb, Merck, Pfizer, Novartis

Forex Price Action Baby, No Technicals or Fundamentals…Trade #3 – Sold GBP/AUD (2/6/19)

February 7, 2019 Published by timm

10,000 Ft View – 4 Hr Chart

Zooming In

This trade was over even before it started. The entry and stop is 25 pip wide. The entry occurred right before the day session ended at about 4:48 pm. I was stopped out 25 minutes later, when the next day’s session started. The issue was at the beginning of any forex day, there is no liquidity. Thus, the spread on this pair at the beginning of the session was 20 pips. Normally, the spread is 2-4 pips. Thus, I didn’t even have a chance to be right.

The set-up had somethings

Bitcoin, EOS, ETH and Ripple Analysis: QUICK UPDATE

February 6, 2019 Published by workin2005

Bitcoin has broken below the $3,400 support, currently trading around $3,365 on Coinbase. Volume remains weak.

EOS seems unable to break above the $2.45 resistance, currently trading at $2.36 on Bitfinex.

Ethereum continues to bounce right above the psychological support of $100 on Coinbase.

Ripple is still operating within a falling wedge, currently trading around $0.29 on Bitfinex.

In today’s video analysis I discuss, where prices may be heading next, various trade setups I’m waiting on and so much more. I hope you find it helpful.
Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.

I hope

I Was Wrong About Skyworks Solutions

February 6, 2019 Published by timm

Everything went as planned except the direction of the stock price.

It all started when Apple reported that iPhone shipments missed Wall Street expectations for the quarter in November. They also said that it will no longer report how many iPhones it sells.

Skyworks Solutions, Inc. (NASDAQ: SWKS), a radio frequency chipmaker that gets almost 50% of their sales from Apple fell by 16% in November, after the company reported fiscal fourth-quarter earnings results due to lackluster demand for the new iPhones.

Skyworks was already struggling to increase its top and bottom lines. Skyworks was definitely going to be affected by Apple’s slowdown

LITECOIN: Possibly the most Bullish Big Crypto out there nowadays

February 6, 2019 Published by timm

Very little has been said about LITECOIN lately.

Everybody is focused on BITCOIN as the crypto King and maybe we are losing a little bit perspective on valuable and similar other cryptos as can be LITECOIN in this case.

The Daily Chart is very consistent. Oppositely to BITCOIN, Litecoin has been formed a long Trading channel, between two perfect lines, downwards of course, but they have never been broken during this long correction.

Nowadays, while BITCOIN is moving in a hesitant manner LITECOIN has performed very well, steadily and even upwards…

Supported by the 50 Moving Average which shows as well a sort of

Crypto Contest February 6: Status Report XXV

February 6, 2019 Published by maarnio

In this report I will look how my analysis worked for the month of December 2018. There were 28 contests in December. I have already paid out all of them. The analysis was correct three times. The analysis was wrong five times. The cryptocurrency was in a range 20 times.
The correct ones were the following:

Crypto Contest December 5: Waves
Crypto Contest December 25: Chainlink
Crypto Contest December 31: FLO

In these contests the range option won:

Crypto Contest December 4: Kore
Crypto Contest December 8: Ardor
Crypto Contest December 9: Holo
Crypto Contest December 10: Polymath
Crypto Contest December 11: BitTube
Crypto Contest December 12: PumaPay
Crypto Contest December 13:

Tag: trading