When comparing the performance of the SP500 to the expansion of the money supply, you get a completely different picture from a traditional SP500 chart. Instead of a lost decade, try 2 1/2. We're below the levels we reached in 1995, before much of the dot com bubble. A little TA suggests we could fall 10% (3200) to 30% (2500) before this is all over. I'm...
This is a 3-day chart of BTC. There is an ABCD pattern and concentration in a possible PRZ. Contrary to popular belief, there is no one 'ABCD' pattern but a series of them. When you see one where AB=CD then there is a potential for reversal. ABCDs do not have to be 100% accurate. The important issue is price action in the potential PRZ. The current picture...
usdjpy short sell market is very bearish if you see this sell rt now supply and demand.
Wow! What a year for meme-coins similar to Dogecoin? (expand chart for better view) DOGE has done a 93% collapse. Some (not me) will be saying, ' it can't go much lower '. It's now in gamblers' territory - and I expect gamblers to wade into the ' kill or be killed zone' ! So yes - two things are very possible: 1 - An immediate dead cat bounce over the next...
It's a simple thing - this 6H channel. If you see it it's there (at this point in time). But life is not easy in trading - why are you here? Channels can change their shape. Sometimes they turn into wedges of various types. Price does not 'obey' the channel. We don't really know for sure why these things happen. The channel represents probabilities of price...
The situation with Gold is complicated. It looks like a cup and handle, which does not mean that you throw you money at it going long. This is a very wild market. Check it out. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to...
Hello Traders, I've created the chart above to remind everyone @TradingView to practice smart risk management. Whether you follow a 1%, 2%, 7% rule... The odds show that you will run into a losing streak in your trading career. Whether you're able to bounce, or have greater Returns on your Wins than your Losses will determine your fate. Happy...
This chart, (programed in the GIBBERISH language) clearly indicates large gains by those holding the TORN asset, the native asset of the Tornado Washing Machine Corporation of Topeka, Kanas which are then followed by inverse parabolic losses on a Biblical scale and a unforeseen spike in the Spousal Abuse Index. Owners of TORN should pay special attention to the...
Today's London session was a bit of a fumble. I am still working on psychology and being confident in my analysis. My overall analysis was correct but executing my trades and accepting losses has been a struggle. If I placed limit orders on all my ideas today the optimum outcome would have been +45RR-including the exception of the EU 1:13RR trade loss due to...
Took three losses on AU today, the bullish rally to the 4H was a strong yet stubborn one. Price kept showing sign that it wanted to fall but it was just the composite man sweeping all of us in their orders. I was swept twice and the third time I was just asleep. In hindsight it makes sense why these trades did not play out. My takeaways for today were simple, get...
In my own methodology I've shown in other charts that, it doesn't matter which time frame you make your money. I even showed a 3 min trend on one occasion. All this true is trend-following - which is different to following a moving average of some sort. The ATR line reacts differently to price fluctuations. The important thing is to minimise losses. This chart...
This post is just an update on how my previous post is playing out. OB.1 has been reached, time to let it dance towards OB.2.
Peak excitement on Friday - as retail traders pumped various markets with billions in cash. This was alongside institutional traders who had been bailing out. Well, retail won a significant limb of this, from the bottom edge of what now looks like an ascending broadening wedge following a major bullish drive. Biden echoed the FED's mantra on transitory...
Nice trade. There was news sadly I didn't see that. Also a better POI under but I didn't see that lol. L
Hello Community! AMC has had a very strong run all last week. It is currently trading in a bull flag pattern and is at a crucial point at the bottom of the triangle. If it fails this support we can expect the price to drop down to the yellow S/R line shown or the 55EMA. Covid-19 is slowly becoming less of a major topic and movie theaters are beginning to pick up...
Some will learn, some won't learn and some need to feel the pain but still won't learn. Few may recall that recently (linked post below), I said that the sharp switch on the Daily ATR was indicative (not predictive) of a trend switch for the south. That was transformed into a other lower time frame trend switches. On this chart you see a flattening of the 4H...
This is a short take. I'm showing a 30 min ATR trend line. Loads of traders know that ' the trend is their friend ', but do they truly exploit it? I don't think so. There were three main opportunities to exploit this trend. The problem is - now you see it but when it's developing you can't. But at each of two points where price hit the 30 min ATR line, it was...
Ahoy! There is money to be made and lost here! 🤦♂️😂 I'm short with with an affordable loss. Others may wish to go long with an affordable loss. It's not about how right you are but how much you limit your loss if you're wrong. This is a nice one for new traders to experiment with on a paper trading account. 👊 Trading is a strange activity i.e. you can't...