PtGambler

PtGambler

Due to the unknown on Fri, Aug 25th, I think market likely chop in current value area or continue with bearish momentum. Key levels highlighted on chart.

PtGambler

When it comes to trading, novice traders may be tempted to rely solely on retail trading indicators such as RSI, MACD, Stochastic RSI, Bollinger Band, and ADX. However, relying on these indicators can lead to traders losing money in the long run. One of the main problems with retail indicators is that they tend to generate false signals, which can lead to traders...

PtGambler

Decision making time again~ watching closely these 2 days Here are my POC targets on the weekly shown

PtGambler

Following up on my idea yesterday Look at that~! Set up was BEAUTIFUL yesterday with shorts and bears over extended. And where do they find liquidity after the highs are broken? Nowhere but above 4011.

PtGambler

Weird day today with NYSE VOLD up all day while NASDAQ VOLDQ down all day. Clearly shown by the big range indecision movements. Key level to watch for a potentially huge bull run - $4011 area, a breakout could trigger a significant bull run and catch shorts off-guard Any thoughts? $SPY $SPX $ES $QQQ $NAS $NQ

PtGambler

BTC has been consolidating this whole week, brewing for a big move. Looking at daily volume profiles. 26700 - 26800 level is key support, already bounced off twice - if broken we likely see a bear run possibly down to 25000 level Or we continue the Bullish trend started 2 weeks ago and heads toward 30000 level. Watch for break of recent highs. Any thoughts?

PtGambler

CME_MINI:ES1! is breaking the 10 day trend line. Key levels to watch for as shown 3933 - 10 D POC level - if this holds, this trendline break might be considered a false one and we might see a bounce higher - otherwise, I see a lots of trapped longs above this level. We might head towards 3890

PtGambler

Market Profile analysis is a powerful tool for traders and investors alike to analyze price movements in financial markets. The method is based on the concept that price moves in a predictable way, forming patterns that can be observed and analyzed. The Market Profile chart is a visual representation (not shown here) of market activity, displaying the...

PtGambler

Someone brought to my attention on this stock NASDAQ:SIVB , so here is my quick analysis on levels to watch for below today's opening price. Key level: around $91 Target $63 if key level is broken

PtGambler

Nothing much needs to be said here~ keeping an eye on this possible breakout and wait for confirmation. Watch for any pullbacks.

PtGambler

Adaptive trading strategies and over-fitting strategies are two approaches that have been the subject of much debate in the world of financial markets. On one side, adaptive trading strategies involve the use of machine learning algorithms to analyze market data and adapt to changing market conditions in real-time. These strategies aim to optimize trading...

PtGambler

A few key concepts when using Market Profile in your trading: 1) Point of Control (POC) acts as price magnets, as they represent the price level where most time was spent during a trading day. Price tends to gravitate towards them. 2) Naked (Not visited) POC acts as stronger magnets than visited POCs. 3) When price enters / breaks into a Value Area, which...

PtGambler Updated 

We have broken into a Naked Value Area, many opportunities awaits~! Let's see if the bulls can take control. Two key levels to watch before reaching the other side of the Value Area.

PtGambler Updated 

As you can see, the price is sitting in a large excess range, trying to push higher with the bullish momentum since the opening. Looks like it is feeling lots of selling pressure. But if we can break up and into the higher naked value area, there is great opportunity for a bull run to the value area high. Otherwise, we might go back to the value area from...

PtGambler

Looks like we just broke into a naked value area from last week. There is a single print area just on top of this area that has been acting as support/resistance level. If we can break that after breaking the upside of our current value area, we could be heading up. Otherwise, we are going back down.