Simplicity is King when it comes to day trading futures. One of the keys for me when I am day trading futures is to find one side of the market to trade on and stick with it throughout the day. I think too many people get caught up trading both sides of the market and get themselves over trading. In today's video I show you a simple strategy using a 3 minute...
#TommyLecture #PrincipleofTrading #TheoryofTrading #Emotion #Management
Hello traders from all over the world. This is Tommy.
How were your trades lately? The market was quite unpredictable recently showing high level of fluctuation which makes it harder for us retail traders to follow up. It sort of seems like a sideway trend in a big horizontal box but also...
Today our lead analyst Benjamin mendenmein will take the opportunity to educate investors both on Elliot wave cycle tops and how they benefit our investment strategy. NYSE:BLK
The Blackrock stock provides a great example of how market cycles lead to massive bull runs and harsh corrections. Every long bull market will eventually lead to a correction, however...
The last two trading session were one way affairs to say the least. They look corrective to me.
I think the March 29 high needs to be eclipsed for the story to be complete on this market.
Is there is more price structure needed at higher levels to form a complete top? To me yes.
Given all the fundamental factors at play here you can call me crazy now. :)
Here...
Hey Everyone! 👋
Today, we're going to be talking about building a professional trading mindset. While this topic has been the subject of countless books and trading literature over the years, we thought it would be cool to break down a few of the most important takeaways for the TradingView community. Let's jump in!
1.) Start thinking in Probabilities 🔢
Let's...
Let's end the week on a thoughtful note.
On the chart is a visual I see the other day that I feel relates to trading massively.
It's called the comfort zone map.
This can be applied to many situations in a person's life as a generic visual map.
But I really do think it represents the journey every trader must take in order to become successful.
COMFORT...
Price is near to the key pivot and we see that ichimoku cloud indicator is trying to push the price up. Therefore, we can expect the price to potentially bounce from the buy entry level of 34636 in line with 61.8% fibonacci retracement and 61.8% fibonacci projection towards the take profit level of 35368 which is a previous horizontal swing high resistance.
Any...
Part 3.
Turnover or retail volumes, orders and inventories
This type of data measures retail trade turnover. As a rule, the retail business is, in simple words, a place where you and I go to shop to buy basic necessities and luxury goods.
It is important because it is an excellent indicator of consumer demand within a particular economy. In certain countries,...
Lately, we have been seeing some dramatic sell offs from earnings. NFLX earnings tanked the stock and they weren't all that bad. TSLA's most recent earnings caused just over a 100 point sell off and they were positive. TSLA and SNAP's earnings are coming up today/tomorrow and we see some sustained selling.
So this made me wonder, how do earnings really affect a...
Netflix is one of the many companies that used the global pandemic to their benefit. With millions being in lockdown, there was only so much board games you could play before you switched on Netflix.. and chilled.
When the pandemic hit in March 2020, Netflix saw a staggering growth of almost 100% in just a few months. In total, it went on to gain 142% from the...
After recently doing a review of my last 6 months of trading, I recognized that my portfolio value over this period looked very similar to the Dunning–Kruger effect curve. (a psychological phenomenon that suggests people are not always the best evaluators of their own performance). The theory is often applied to trading because most retail traders experience a...
Yesterday, Bitcoin plunged below 39 000 USD. However, the drop was quickly retraced and BTC bounced as high as 41 754.05 USD today. We continue to maintain a relatively neutral stance in the short term as we expect choppy price action to persist for a little longer. However, we are turning increasingly bearish in the medium term. Because of that, we would like to...
When all the doomers & gloomers wake up from their wet dreams and reality sets in, the bull market will just be ensuing, as per usual projections...
I doubt it much, but if we see another big decline 3400/600 area is imo the UTMOST lowest level this market might reach...
monthly closes below 3400 and the bullish scenario gets invalidated!
Riot Blockchain has been overlooked over the last few months. As Clearly seen on the chart, the correlation to Bitcoin's movements is closely correlated.
> I Believe that an ascending support line has been tested multiple times but both Riot Blockchain and Bitcoin.
> With the momentum driven by earnings season in the stock market providing significant upside...
Japanese officials are getting very uncomfortable with the recent yen weakness.
USDJPY sliced through 128 earlier, and looks set for a move to 130 in no time.
Finance Minister Suzuki repeated his mantra that “Stability is important and sharp currency moves are undesirable”.
Then he took it a step further, questioning the merit of the weak yen policy...
“Weak...
The soft commodities sector of the commodity market can be highly volatile. Historically, sugar, coffee, cotton, cocoa, and frozen concentrated orange juice futures that trade on the Intercontinental Exchange have doubled, tripled, and halved in value over short periods. While clothing and other consumer goods depend on the cotton market, the other sector members...
Move2Earn is gaining popularity w/ more projects similar to Stepn popping out the woodworks.
However, the overall market itself has not recovered and its honestly a sellers market. He who sells first, sells best.
Regardless, GMT has been performing relatively well and is currently in an accumulation or distribution phase currently. Naturally, It would be easy to...
![XBTUSD.P: Good analysts are not always good traders [Principle vs Emotion]](https://s3.tradingview.com/6/6xaDxOe6_mid.png "Good analysts are not always good traders [Principle vs Emotion]")
