Intra Day Trading - page 6

 

*** Intra-Daily Trading Strategy: SELLBritish Pound / US Dollar

Sell Target:1.5554

Sell Stop: 1.5602

Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.

(NOTE: Adjust Stop Loss Price according to your trading risk.)

Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

A black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.

The previous 50 candlestick bars, there are 23 white candles versus 27 black candles with a net of 4 black candles.

A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

MACD is BEARISH as the MACD is below the signal line.

The MACD crossedbelow the signal line 0 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has been unchanged, and has been fluctuating from a high of 1.559 to a low of 1.556.

Stochastic signal was a Sell 10 Period(s) Ago.

The Directional Movement Indicators (DMI) currently is not indicating any specific price direction and should not initiate any trades right now.

SAR signal was a Buy 15 period(s) Ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

The current market condition for British Pound / US Dollar is Very Bullish

British Pound / US Dollar closed below the upper Bollinger Band by 36.9%. Bollinger Bands are 15.53% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

Technical Outlook

Short Term: Neutral

Intermediate Term: Bullish

Long Term: Bullish

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gbp-daily2.png  41 kb
 

A black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.

The previous 50 candlestick bars, there are 25 white candles versus 24 black candles with a net of 1 white candles.

A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.MACD is BULLISH as the MACD is above the signal line.

The MACD crossedabove the signal line 6 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.57%, and has been fluctuating from a high of 1.345 to a low of 1.315.

A Stochastic SELL signal was generated today.

The Stochasticindicator is currently generating a SELL signal against the direction of the major trend.AStochastic Bearish divergence signal was generated today.

The ADX is currently below both Plus and Minus Directional indicators. The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Should not initiate any trades right now.

TSAR signal was a Buy 5 period(s) Ago.

The close is currently

BELOW its 200 weekly moving average

ABOVE its 50 weekly moving average

ABOVE its 20 weekly moving average

The current market condition for Euro Dollar / US Dollar is Mildly Bearish.Euro Dollar / US Dollar broke below the up trendline at 1.32 level today. This is a bearish sign. This up trendline, currently with an ending point at 1.32, now provide upside resistance. Euro Dollar / US Dollar closed below the upper Bollinger Band by 39.5%. Bollinger Bands are 50.50% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Euro Dollar / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 12 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

Technical Outlook

Short Term: Neutral

Intermediate Term: Bullish

Long Term: Bearish

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*** Intra-Daily Trading Strategy: SELLUS Dollar / Japanese Yen

Sell Target:99.3307

Sell Stop: 99.8903

Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.

(NOTE: Adjust Stop Loss Price according to your trading risk.)

Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

A white body has formed as prices closed higher than open.

The previous 10 candlestick bars, there are 6 white candles versus 4 black candles with a net of 2 white candles.

The previous 50 candlestick bars, there are 27 white candles versus 23 black candles with a net of 4 white candles.

MACD is BULLISH as the MACD is above the signal line. The MACD crossedabove the signal line 10 period(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 2.28%, and has been fluctuating from a high of 99.694 to a low of 96.813.

The Stochastic Oscillatoris currently above 80. This is an indication of being in an "overbought" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Buy 15 Period(s) Ago.

The ADX is currently below both Plus and Minus Directional indicators. This should not use to initiate any trades right now.

The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Because this is a trend following system, it should not use to initiate any trades right now. The last Directional Movement Indicators (DMI) signal was a BUY 131 period(s) ago.

SAR signal was a Buy 1 period(s) Ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

The current market condition for US Dollar / Japanese Yen is Very Bullish.US Dollar / Japanese Yen broke above the down trendline at 99.56, one day ago. This is a bullish sign. This down trendline, with an ending point at 98.18 provide downside support. Prices having only risen 0.04% since the breakout. The most recently confirmed up trendline for US Dollar / Japanese Yen has an ending point currently at 96.71. Expect prices to have some difficulty falling below this trendline. A break below this trendline would be a bearish sign.

US Dollar / Japanese Yen closed below the upper Bollinger Band by 2.4%. Bollinger Bands are 33.66% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

Technical Outlook

Short Term:Overbought

Intermediate Term:Bullish

Long Term:Bullish

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eur-daily2.png  45 kb
 

EUR/USD WEEKLY as of Monday, 09 September, 2013

A white body has formed as prices closed higher than open.

The previous 10 candlestick bars, there are 6 white candles versus 4 black candles with a net of 2 white candles.

The previous 50 candlestick bars, there are 26 white candles versus 23 black candles with a net of 3 white candles.

A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

MACD is BULLISH as the MACD is above the signal line.

The MACD crossedabove the signal line 7 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has decreased 0.79%, and has been fluctuating from a high of 1.345 to a low of 1.310.

Stochastic signal was a Sell 1 Period(s) Ago.

The ADX is currently below both Plus and Minus Directional indicators. The Directional Movement Indicators (DMI) currently is not indicating a specific price direction and should not initiate any trades right now.

SAR signal was a Buy 6 period(s) Ago.

The close is currently

BELOW its 200 weekly moving average

ABOVE its 50 weekly moving average

ABOVE its 20 weekly moving average

The current market condition for Euro Dollar / US Dollar is Mildly Bearish

Euro Dollar / US Dollar closed below the upper Bollinger Band by 44.8%. Bollinger Bands are 50.97% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Euro Dollar / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 13 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

Overall, the bias in prices is: Sideways.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

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*** Intra-Daily Trading Strategy: SELLBritish Pound / US Dollar

Sell Target:1.5685

Sell Stop: 1.5710

Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.

(NOTE: Adjust Stop Loss Price according to your trading risk.)

Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

A black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 6 white candles versus 4 black candles with a net of 2 white candles.

The previous 50 candlestick bars, there are 26 white candles versus 24 black candles with a net of 2 white candles.

A bearish harami has formed where the current small black body is contained within an unusually large white body. During an uptrend(which is the case with British Pound / US Dollar) this pattern implies an end to the rally as the bulls appear to have exhausted.

During a downtrend the bearish harami pattern is bullish as the bulls appear to be gaining strength as the bears weaken.

A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

MACD is BULLISH as the MACD is above the signal line. The MACD crossedabove the signal line 1 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has decreased 0.04%, and has been fluctuating from a high of 1.573 to a low of 1.563.

The Stochastic Oscillatoris currently above 80. This is an indication of being in an "overbought" condition.

The Directional Movement Indicators (DMI) currently is not indicating any specific price direction and should not initiate any trades right now.

SAR signal was a Buy 3 period(s) Ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

The current market condition for British Pound / US Dollar is Very Bullish.British Pound / US Dollar broke above the upside resistance level of 1.56, 1 day(s) ago. This is a bullish sign. This previous resistance level of 1.56 now provide downside support. Prices having only risen 0.04% since the breakout. The most recently confirmed downside support level for British Pound / US Dollar is around 1.49. Expect prices to have some difficulty falling below this level. A break below this level (particularly on heavy volume) would be a bearish sign.

British Pound / US Dollar closed below the upper Bollinger Band by 7.4%. Bollinger Bands are 56.68% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to British Pound / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 6 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

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gbp-daily2.png  43 kb
 

EUR/USD WEEKLY as of Monday, 16 September, 2013

A white body has formed as prices closed higher than open.

The previous 10 candlestick bars, there are 6 white candles versus 4 black candles with a net of 2 white candles.

The previous 50 candlestick bars, there are 26 white candles versus 23 black candles with a net of 3 white candles.

MACD is BULLISH as the MACD is above the signal line.

The MACD crossedabove the signal line 8 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 0.66%, and has been fluctuating from a high of 1.345 to a low of 1.310.

Stochastic was a Sell 2 Period(s) Ago.

The ADX is currently below both Plus and Minus Directional indicators and Directional Movement Indicators (DMI) currently is not indicating a specific price direction and should not initiate any trades right now.

SAR signal was a Buy 7 period(s) Ago.

The close is currently

ABOVE its 200 weekly moving average

ABOVE its 50 weekly moving average

ABOVE its 20 weekly moving average

The current market condition for Euro Dollar / US Dollar is Very Bullish

Euro Dollar / US Dollar closed below the upper Bollinger Band by 19.8%. Bollinger Bands are 47.84% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Euro Dollar / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 14 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

Technical Outlook

Short Term: Neutral

Intermediate Term: Bullish

Long Term: Bullish

 

*** Intra-Daily Trading Strategy: SELLBritish Pound / US Dollar

Sell Target:1.5888

Sell Stop: 1.5940

Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.

(NOTE: Adjust Stop Loss Price according to your trading risk.)

Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

A white body has formed as prices closed higher than open.

The previous 10 candlestick bars, there are 8 white candles versus 2 black candles with a net of 6 white candles.

The previous 50 candlestick bars, there are 29 white candles versus 21 black candles with a net of 8 white candles.

Three white candles has formed during the last three bars. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.

MACD is BULLISH as the MACD is above the signal line. The MACD crossedabove the signal line 6 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has increased 1.27%, and has been fluctuating from a high of 1.596 to a low of 1.563.

The Stochastic Oscillatoris currently above 80. This is an indication of an "overbought" condition and the RSI is above 70. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying asset. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 3 period(s) ago.

Currently, the Momentum Oscillator is in an overbought condition.

SAR signal was a Buy 8 period(s) Ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

The current market condition for British Pound / US Dollar is Very Bullish

British Pound / US Dollar closed below the upper Bollinger Band by 5.4%. Bollinger Bands are 0.75% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

Technical Outlook

Short Term: Overbought

Intermediate Term: Bullish

Long Term: Bullish

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EUR/USD WEEKLY as of Monday, 23 September, 2013

A black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.

The previous 50 candlestick bars, there are 26 white candles versus 23 black candles with a net of 3 white candles.

MACD is BULLISH as the MACD is above the signal line. The MACD crossedabove the signal line 9 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 1.86%, and has been fluctuating from a high of 1.357 to a low of 1.310.

The Stochastic Oscillatoris currently above 80. This is an indication of an "overbought" condition. Stochastic was a Sell 3 Period(s) Ago.

The RSI has just reached its highest value in the last 14 period(s). This is BULLISHsignal.

The ADX is currently below both Plus and Minus Directional indicators. The Directional Movement Indicators (DMI) currently is not indicating a specific price direction and should not initiate any trades right now.

There were no SAR signals generated today. The lastSAR signal was a Buy 8 period(s) Ago.

The close is currently

ABOVE its 200 weekly moving average

ABOVE its 50 weekly moving average

ABOVE its 20 weekly moving average

The current market condition for Euro Dollar / US Dollar is Very Bullish

Euro Dollar / US Dollar closed below the upper Bollinger Band by 7.4%. Bollinger Bands are 40.54% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Euro Dollar / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 15 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are ranging.

Files:
 

*** Intra-Daily Trading Strategy: SELLBritish Pound / US Dollar

Sell Target:1.6025

Sell Stop: 1.6050

Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.

(NOTE: Adjust Stop Loss Price according to your trading risk.)

Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

A black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 6 white candles versus 4 black candles with a net of 2 white candles.

The previous 50 candlestick bars, there are 28 white candles versus 22 black candles with a net of 6 white candles.

A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

MACD is BULLISH as the MACD is above the signal line. The MACD crossedabove the signal line 11 period(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has increased 2.13%, and has been fluctuating from a high of 1.616 to a low of 1.563.

The RSI is not currently in any topping (above 70) or bottoming (below 30) range but RSI just crossed below 70 from a topping formation. This is a BEARISH sign. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. RSI signal was a Sell 0 period(s) ago.

Currently, the Momentum Oscillator is in an overbought condition.

SAR signal was a Buy 13 period(s) Ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

The current market condition for British Pound / US Dollar is Very Bullish

British Pound / US Dollar closed below the upper Bollinger Band by 18.3%. Bollinger Bands are 49.66% wider than normal.

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are trending.

Technical Outlook

Short Term: Neutral

Intermediate Term: Bullish

Long Term: Bullish

Files:
gbp-daily1.png  42 kb
gbp-daily2.png  28 kb
 

A white body has formed as prices closed higher than open.

The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.

The previous 50 candlestick bars, there are 26 white candles versus 23 black candles with a net of 3 white candles.

A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.MACD is BULLISH as the MACD is above the signal line. The MACD crossedabove the signal line 10 period(s) ago. Since the MACD crossed the MACD moving average, Euro Dollar / US Dollar's price has increased 1.68%, and has been fluctuating from a high of 1.357 to a low of 1.310.

The Stochastic Oscillatoris currently above 80, an indication of the being "overbought". Stochastic signal was a Sell 4 Period(s) Ago.

The ADX is currently below both Plus and Minus Directional indicators. The Directional Movement Indicators (DMI) currently is not indicating a specific price direction and should not initiate any trades right now.

SAR signal was a Buy 9 period(s) Ago.

The close is currently

ABOVE its 200 weekly moving average

ABOVE its 50 weekly moving average

ABOVE its 20 weekly moving average

The current market condition for Euro Dollar / US Dollar is Very Bullish

Euro Dollar / US Dollar closed below the upper Bollinger Band by 13.4%. Bollinger Bands are 42.67% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to Euro Dollar / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 16 period(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.

An Inside Day Narrow Range was detected by Elliott Waves High Volatility on 30/09/13. This is usually a trade set-up opportunity.

Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern! It should be used with other indicators.

The present wave patterns are:

fast amplitude (8%): bullish wave 1

moderate amplitude (13%): bullish wave 3

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