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Category Archives for "Trade Signals"

Friday, June 8, 2018 AGN

Friday, June 8, 2018 Happy Friday Traders! Over the last few days I have been looking deeper into our Chart Pattern Recognition Module (CPRM) and the fantastic tools available.  Much like you all, I sometimes forget how powerful some of our tools are and need to go back for a refresher. Today’s signal is the result of this… Before we get started if you are not familiar with the CPRM feel free to take a look.  I have linked the PDF below.  I am also working on a new informational page to give you more insight into the power of this wonderful tool.https://www.omnitrader.com/pdfs/CPRM6.pdf I have configured the CPRM to find both Support and Resistance and Trendline Breaks.  I want to keep the signal generation simple with good fundamentals.  Although CPRM can find over 200 different types of patterns, I will be using patterns that most traders are already familiar with. Below we have a chart on Allergain Inc. (AGN).  Although, CPRM generated about 10 great opportunies today I chose AGN because of the additional confirmation leading into this trade.  I will break down a few ideas and concepts that go along with patterns in general. OK, So the signal generated on AGN was by the CPS_TrendlineBreak strategy included in CPRM6.  This strategy looks to identify points on the chart where Trendlines have been established and prices have broken through the defined level.  You can see that from March to May we have a short term Trendline established off the top of a nice consolidation.GAPGaps indicate that a new trend is starting, accelerating, or is near its end.  In this case we are just now beginning to gain momentum coming off support and energy is beginning to build.  This tends to indicator we are going to be continuing to move in the direction of the gap.Resistance – ConsolidationThe GAP is testing the upper boundaries of the next confirmation we see, a consolidation.  This consolidation is a point in the chart where the market sees quite a bit of in decision and a battle between the bulls and bears is ensuing.Double BottomThe most powerful confirmation we see for this signal is the very elusive double bottom.  This pattern is a tell-tell sign that there is an upcoming shift or a move has come to an end.  This is one of my favorite patterns as profits tend to be very high when you see this type of pattern.Conclusion:  The signal generated was very strong on its own accord but with all of the additional confirmation leading into this trade is why I have chosen this for the daily signal.  This trade has both short term and long term implications. Short term profits will sit near the $190 Range.  This is a very good target, however, if you are looking for long term gains and don’t mind holding on for a bit you are looking over $250 which was long term resistance. Well that’s it until Monday. Like this trade? Hate this trade?  Let me know your thoughts.  rolson@nirvsys.com The products and demonstrations listed on this blog are not recommendations to buy or sell, but rather guidelines to interpreting their respective analysis methods. This information should only be used by investors who are aware of the risks inherent in trading. Nirvana Systems shall have no liability for any investment decisions based on the use of their software, any trading strategies or any information provided through other services such as seminars, webinars, or content.

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Wednesday April 25, 2018

Happy Wednesday   Today we are going to be looking at Bank of Montreal (BMO) which is presenting a fantastic setup. BMO has been trading lower since mid January. Over the last 2 months we have seen the formation of a very nice descending pennant.   This type of trading pattern offers tends to offer a breakout move to the downside. As the price begins to test and breaks support you there is a good chance that we could see the price drop from the mid $75 to the low $70’s. Although this pattern tends to be high probability you will want to watch for the potential of a quick move to the upside where price may move towards $80. The products and demonstrations listed on this website are not recommendations to buy or sell, but rather guidelines to interpreting their respective analysis methods. This information should only be used by investors who are aware of the risks inherent in trading. Nirvana Systems shall have no liability for any investment decisions based on the use of their software, any trading strategies or any information provided through other services such as seminars, webinars, or content.

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Monday March 5, 2018

Happy Monday – We have some good opportunities to start this week off.  Of course there is quite a bit of turbulence in the markets right now.  The choices for Monday are not likely to be overly effected by current news.   SPG – Simon Property Group Simon Property Group has been in a substantive bear move since Q3 2016.  We have seen throughout 2017 a very nice consolidation between $150 and $175.  We are currently testing support in the mid $150’s but over the next month we can are likely to see a sharp move back to consolidation highs.  This will be a stock you just might want to keep an eye on as SPG offers a huge potential upside with very little risk of another move pushing lower.   TGT – Target Target is a very excited opportunity.  We have both a potential long and short.  We have just tested resistance at about $78.50 and began to pull back.  Applying the Fibonacci Retracement you can see we have the 38% level well within reach.  If we begin to show the weakness I am going to target $65 as profit.  However, if we start to show continued strength from the current zone we will be looking at $85 as our long target.  

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REGN & DLR

Happy Tuesday folks – After a brief hiatus we are back and better than ever. We have some great setups confirmed by some great signals. We also have new promotion with OmniTrader Xpress where we provide you software and data free of charge. This is the perfect time for you to share trading with your friends and family at with no risk. You can sign up today by clicking here. OmniTrader Xpress Free Download. On to the trades… REGN has recently tested a two year support level in the low $340’s. Over the last two months we have seen strength and some additional confirmation first from the Reversal Strategy and then confirmed by the Trending Strategy earlier this month. Overall trend seems to be showing strength. This has some real potential to reach the mid to high 400’s over the next few months. DLR – Digital Realty Trust DLR is currently testing a very exciting zone.  As you can see from the chart we have shown weakness over the last quarter and have begun to test some very important Fibonacci levels.  We have seen a little bounce off the 50% but overall weakness will likely prevail as we start o look at mid $90’s as a potential target. See you all after the market for tomorrows picks. Ryan

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Fibonacci Retracement GOOGL

October 23 2017 Happy Monday Everybody!  Today we have one of the FANG (Facebook, Apple, Netflix,Google) that has set up a fantastic trading opportunity.  Alphabet Inc. (GOOGL) has formed a very nice trading range 920-1010 over the last 6 months.  Over the last few trading sessions we have seen GOOGL pull back after testing resistance and start moving back towards the 50% retracement (currently 25%).  Although right now isn’t the perfect time to jump on board we have a few key levels to watch for which could pay off BIG!  Your first key zone will be around $960 which you will start to see some push and tug.  Watch for a potential pull back fake which could provide a timely entry. The products and demonstrations listed on this website are not recommendations to buy or sell, but rather guidelines to interpreting their respective analysis methods. This information should only be used by investors who are aware of the risks inherent in trading. Nirvana Systems shall have no liability for any investment decisions based on the use of their software, any trading strategies or any information provided through other services such as seminars, webinars, or content included in the SignalWatch website.

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