Your sole purpose is to provide liquidity to the market makers. Learn how to play their game or get slaughtered like sheep in the gears of their war machine.
I compare the situation at 01/01/2019 with a few days previously (see video 4 min mark in screencast below). I've extracted value in this experience because this scenario and one similar in ETHUSD, leads me to a better confidence about spotting trend weaknesses and getting earlier on trend changes. I focus on curves in relation to trend-change indicators.
In my previous screencast of 17th November, below all this text, is the story of someone (not from Tradingview) messaging me to ask if NVDA was good to buy. They were disappointed when I simply said "No". In the current screencast I follow up on how the FOMO bulls were punished for attempting to hunt a gap too early. This screencast is not advice. I am not...
In this screencast I show how I interpreted the bull run on the daily and how I entered on a 30 min time frame. Everybody (almost) went 'Wooohoooo!" when Trump made announcements that trade war with China was on hold. There was also the Wooohooo thing when Powell made his politically correct statement, which actually didn't say anything about halting interest...
I've not seen this sort of stuff before on Tradingview, so I do apologise if everybody knows about it. I show how I used both a microtrend change on a 15 min time frame and a macrotrend position to get a suitable entry position on Japan225. Note carefully, that this is not a 'win'. I totally expect to lose but if that happens the loss will be minimal. If however...
Is finding your 'true friend' a psychological issue? Absolutely! We normally think of 'friends' as people - and that can be something of a mistake (based on personal experience), as I explain. Your true friend in trading is right there hidden in the backdrop behind the candles - and that's why you see no candles in the screencast. So I'm saying, find the tools...
Apple - has had to obey the laws of 'physics'. Basically the higher you go the harder you fall. People are of course living on hope - as you would if in a plane crash (by way of analogy only). I'm afraid the outlook isn't pretty - and that's not what people want to hear about. People need hope. Apologies. I only provide reality. I say what's on the charts....
In this screencast I show how waiting for a key position in the market is good idea. As I always say, 'Stalk 90% trade 10%'. The CAD - often referred to as 'the Loonie' (not by me) has been in some trouble across many currency pairs. I'm not interested 'why'. All I care is where the trend is going and key areas of opportunity and probability. As strange as it...
The US-Dollar got hammered on most pairs in the last day or two. Day traders may have suffered or gained. The US-Dollar index shows what happened. On the Daily time frame US-Dollar is still pretty bullish, so stay tuned on lower time frames.
I show two 4H charts on how it is possible to get more out of a low RSI as a trend follower. Note this is not meant to apply to other forms of trading strategies.
I explain in the screencast why I think 'crash' is an irrelevant issue. It is impossible to know whether 'we're in a crash' because a crash can only be discovered well into into it or after it has happened. True trend-followers will appreciate that all one can do is find a suitable trend - and follow it. Simple but I didn't say it was easy. In fact I will...
In the screencast I show two possible head and shoulder patterns - with a degree of uncertainty. The bigger issues are signs of a trend change and momentum developing for the south. So, it doesn't matter at this stage where the base of the head and shoulders is. It is a no-loss position I'm in at the moment.
Trend following is not easy because: 1. Finding trends requires a high level of attention to detail. 2. Removing disbelief as an emotional response. 3. Having lots of patience. I explain a few difficulties I've encountered.
FX:GBPUSD Description: GBP/USD shows strong support within DeMarker indicator (DeMarker was used to replace RSI and Slow Stoch) MACD and MACz Vwap shows continuation of the bullish uptrend for hourly and daily chart high time-frames Within opening bell wait for Fractals v9 TUX EMA Scalper and CM_PSAR EM Envelope confirmation for the entry...
In this screencast I'm looking both at the daily and 4H time frames on the JP225USD. The daily is into a potential reversal zone based on my methodology. The 4H is probably into a PRZ based on an ABCD pattern. Stay lively - stalk carefully. :))
In the video I explain some of my methodology. Overall I'm not one for shorting USDCAD. The safest bet - and I'm not taking it - is on the 4H time frame going long.
Summary: What follows is a 10min video of me giving you a peek at our latest iteration of 'Remora', a volume (only) based financial indicator.... Algorithm: Remora (because it allows even the smallest fish, to swim with the biggest sharks, without getting eaten by them. Ever.) Version: v6 'Black Magic' Series (because we now have a new moving...
My probability estimate for the south is 51% on a 12H to 8H time frame. My estimate is based on my own analysis and perspective. I changed my mind based on new evidence and what I think is a more robust perspective. It would be great to hear other perspectives. That's how we learn. Share and learn. I'm not here to be right or to make predictions etc. I urge...