BATS:XOM   Exxon Mobil
1.9.24 I'm sorry for my problem with speech on this video. It's a neurologic thing and it gets worse as I get older. But you'll get the gist of it If you focus on how markets expand and contract... and you are able to make the distinction between arranging market and a trending market. Bitcoin is in an expanding market and yet you could have traded it as a ranging market for months... but these last breakouts higher are showing differences that are easy to see if you step back and look at the chart. If you're too narrow in the way that you analyze markets you might think that you're missing the big moves because you might not have gotten the long trade this week in Bitcoin.... so if you think about the market in the last two or three trading days you feel that you're too late. On the other hand for the past few months you could have traded the range and you could have gotten out make it a profit without having the market reverse and take away your profit..... and you know where the virus and sellers are if it's a range box. If you never look for range boxes you never see boxes.... never see boxes you never think in terms of where the buyers and sellers are. you might say why I don't need boxes I can see where the bars and sellers are.... but that box is associated with a range and that range represents a certain amount of money... and all you have to do is take a glance at that box and you will know how viable that box is to trade. On XOM.... that Has a trending Behavior going higher but it is trading in a range. Generally speaking.... for me.... arranging market much differently than a trending market. For me..... arranging market is arranging Market Until It Breaks significantly higher or lower. My favorite market is a trending market going lower.... it is oversold... and it is come to support and is finding buyers. If I have arranging market with sufficient distance between the buyers and sellers... that means I can find a market that gives me a certain return because of its vertical range... I'm willing to trade that and I know where my targets are and I know where my stops are. The kinetics of arranging market are much different than a trending market. If there's a trending Market I'm looking for a reversal... and most people will be afraid of this... but when it works it makes a lot of money... but keep your stops small. If you trade arranging market as if it were a trending market you will lose money. I am not talking to you I am talking to me.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.