SafofAllTrades

SafofAllTrades

Hi guys. Trying to get better at expressing what i see so This is for educational purposes. Ill try to express my take on the relation of DXY to either a RISK ON or RISK OFF scenario with my go to trading tools. RISK ON = BULLISH RISK OFF = BEARISH DXY can be a powerful tool in TA when trading equities or crpyto currency. It is known to be inversely related to...

SafofAllTrades Updated 

Hi Guys, been trading quite frequently recently. Thought id post this to help with my education. :) This is strictly for educational purposes and by no means financial advice. But as a gamer myself and having familiarity with this stick. Thought id post this potential trade. (Which i am currently in) This is strictly TA based. So this is on the 8 hour...

SafofAllTrades Updated 

Hello everyone, PLEASE NOTE: So just to put it out there, i am by no means an expert / master of T.A. This is strictly for educational purposes and would love to hear your insights, tips, advice and more. Best ways to learn is through expressing what you've learned so far and engaging with others. Also, i tend to focus on TA alone and barely go into FA and...

SafofAllTrades Updated 

Hello everyone, PLEASE NOTE: So just to put it out there, i am by no means an expert / master of T.A. This is strictly for educational purposes and would love to hear your insights, tips, advice and more on TESLA. Best ways to learn is through expressing what you've learned so far and engaging with others. Also, i tend to focus on TA alone...

SafofAllTrades

Greeting and welcome, PLEASE NOTE: So just to put it out there, i am by no means an expert. This is strictly for educational purposes and would love to hear your insights, tips, advice and more. Best ways to learn is through expressing what you've learned so far and engaging with others. Also, i tend to focus on TA alone and barely go into FA and therefore will...

SafofAllTrades Updated 

Hi guys, Jumping right in...... Draftkings on the weekly is looking extremely bullish and i am currently in this trade (daily timeframe). When there are bullish signs on larger timeframes, the moves tend to last a bit longer but can have massive profits. As you can see we broke out of an ascending triangle that's been forming since November'20. If you measure...

SafofAllTrades

hi guys, So my ascending triangle play is in action. (PLEASE SEE BELOW FOR LINK TO THAT) My opinion on the price action is that we are still going towards the neon green line which i believe to be heavy resistance as shown if you look left on previous higher high. I believe before we can move past the Green Neon resistance / target zone we need to: 1. Fill gap...

SafofAllTrades

Hi Guys, I enjoy posting ideas as its a great way to express the things ive been learning and to get other peoples perspectives. Great way to spin the cycle of learning through each other. So first things first. We've been trending up an Ascending Triangle pattern since Nov. 2nd after creating a new High on the Daily Timeframe. Currently we are in a middle of a...

SafofAllTrades Updated 

Hi guys, So I've noticed this Descending triangle since about late December. Currently with NKLA recent uptrend, its currently battling with this descending resistance trendline. The downtrend began after its blow off top in June 2020. Normally descending triangles are bearish continuation patterns. But sometimes it can act at a reversal pattern if it breaks the...

SafofAllTrades

Hi Guys, So a follow up on NKLA this time on the 4hr after todays close. Things are starting to get interesting. Todays trading day was insane with alot of back and forth. Eventually price action heading down to 18.70 level before being wicked up. As you can see the price target below 19.10 was bought up due to it being in the Golden Ratio Zone at .618 FIB....

SafofAllTrades Updated 

Hi Guys, So BTNX been extremely bullish for obvious reasons pertaining to its MRNA tech and obvious Pandemic. But lets stick strictly to TA which i enjoy more than news and such. I believe we are currently in Wave 5 of the Elliot Impulse Wave. Along with this idea, you can see the uptrend has been intact (Trendline). I have also added a 21 EMA which if price...

SafofAllTrades Updated 

Hi guys. First time posting. Ascending triangle observed on the Daily timeframe on TRXUSD. Base formed during last capitulation in March. Been observing this for about a month now. I think we are getting close to a move whether upwards or downwards, still hard to tell. Fingers crossed that volume stops decreasing for fear of pattern breaking downwards and...