Hello Followers,
Is this a big one, too early to be sure, but we need to watch.
Wow what a spike down and bounce on VEN among rumors of a deal with BMW. I trade charts and not so much fundamental but you can't deny the fact that is this fundamental information is authentic then we need to ensure we have our eye on the prize and be ready to enter and catch the move.
You can see the previous hourly bar HIGH 0.000615 and LOW 0.000521, was a massive spike and bounce. As technical traders its important that the price closed and the next bar opened on the 200EMA. The favourite bounce area for me.
The current bar is the kind of decisive buying bar we love to enter on, and if it closes at such I will have a SMALL STAKE on VEN. In this trade I will get my Stop Loss to Breakeven as QUICKLY as possible and will watch the market live as much as possible.
If the bar stays the same
I will buy at 0.000599 or above
Stop Loss 0.000569 Adjust higher as trade advances
Targets just before my blue lines
0.000617 Target 1
0.000700 Target 2
0.000763 Target 3
0.000814 Target 4
More to come on this trade, I will keep you all updated.
If the rumour proves untrue we could see a sharp sell in VEN, and need to be prepared for this
Daily Quote Enjoy!
"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." - Paul Samuelson
If you think investing is gambling, you're doing it wrong. The work involved requires planning and patience. However, the gains you see over time are indeed exciting!
Is this a big one, too early to be sure, but we need to watch.
Wow what a spike down and bounce on VEN among rumors of a deal with BMW. I trade charts and not so much fundamental but you can't deny the fact that is this fundamental information is authentic then we need to ensure we have our eye on the prize and be ready to enter and catch the move.
You can see the previous hourly bar HIGH 0.000615 and LOW 0.000521, was a massive spike and bounce. As technical traders its important that the price closed and the next bar opened on the 200EMA. The favourite bounce area for me.
The current bar is the kind of decisive buying bar we love to enter on, and if it closes at such I will have a SMALL STAKE on VEN. In this trade I will get my Stop Loss to Breakeven as QUICKLY as possible and will watch the market live as much as possible.
If the bar stays the same
I will buy at 0.000599 or above
Stop Loss 0.000569 Adjust higher as trade advances
Targets just before my blue lines
0.000617 Target 1
0.000700 Target 2
0.000763 Target 3
0.000814 Target 4
More to come on this trade, I will keep you all updated.
If the rumour proves untrue we could see a sharp sell in VEN, and need to be prepared for this
Daily Quote Enjoy!
"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas." - Paul Samuelson
If you think investing is gambling, you're doing it wrong. The work involved requires planning and patience. However, the gains you see over time are indeed exciting!
Order cancelled:
Neither entry was hit on this trade and i am now going to cancel it as price tests recent lows
We need to watch this very carefully with plenty of various opinions about a deal being done, and even if such a deal will impact pricing.
Lets not forget technically this is a normal set up and buy for us, we love 200 EMA bounces.
While volume is growing and we are in rumor territory i would suggest splitting your entry, and leaving a small amount at the reasonably aggressive levels we have used and moving more to a conservative option.
Conservative ENTRY 0.000620
SL 0.000567.
Targets after entry the same levels.
IF we get a big spike up here this entry will get put in on the way up, but we are unlikely to get entered in the 'noise' around the rumor.