Most people have traded with moving averages. They end up being frustrated and losing money. That’s because they’re not using them correctly. I’m going to show you how to use moving averages the right way. Where it works and where it doesn’t To get good trades using moving averages, there’s just 1 thing to do. The thing you need to do is move to a higher...
Nvidia Corp unveiled its new H200 Tensor Core GPU yesterday, 13 November 2023. This chip boasts a 60-90% productivity increase compared to current models, with Nvidia's main competitors still in the process of developing analogs. The H200 Tensor Core is scheduled for general sale in Q2 2024. It may lead to a future rise in revenue and net profit of the...
A pattern similar to the one that took place after the 2003 and 2009 bottoms is surfacing in mega cap tech and in index charts now... Low risk buy signal suggesting we might get a substantial rally from here within the coming months, but potentially also for a couple years if the quarterly chart triggers here. This quarterly signal is visible in names like ...
With the unfortunate demise of the prop firm My Forex Funds, the issue of slippage has recently become a hot topic. This educational post takes a look at the slippery issue of slippage, beginning with the basics all the way to addressing popular theories and speculations about slippage. Something to remember is that every trader, regardless of expertise, will...
Ever dreamt of being an oil refiner? Fret not. You can operate a virtual refinery using a combination of energy derivatives that replicates oil refiner returns. Crude oil is the world’s most traded commodity. Oil consumption fuels the global economy. Crude is refined into gasoline and distillates. Refining is the process of cracking crude into its usable...
Gold is once again in the spotlight, and here’s why! Economic Cycles, PMI & Gold The US Purchasing Managers Index (PMI) is a leading indicator often used to identify turns in the economic cycle. A below 50 PMI print indicates contraction in the US manufacturing cycle, while a print above 50 suggests expansion. Generally speaking, expanding manufacturing...
Bitcoin price action analysis, and bot signal review.
Bitcoin has had an explosive month of price discovery, as over the course of the last four weeks we've climbed above our previous consolidation range and reached new yearly highs. Data from Glassnode indicates that we are still in the third wave of investor accumulation. Research has shown that in all previous market cycles, there was a pattern of Bitcoin...
Microsoft - NASDAQ:MSFT A bullish monthly and weekly chart: ✅Monthly MACD Cross ✅ Long Term parallel channel intact ✅ Above 200 day & week MA ✅ Cup and Handle (with a high handle - Preferred) ✅ Good Risk: Reward Ratio at 7.6 (51%+ vs -7% loss) ⚠️ Stop loss levels on chart 🫡 A great set up. Those that are patient could wait for a potential pull back (arrow...
Meta Platforms has consolidated for several months, but now the social-media giant could be attempting a breakout. The first pattern on today’s chart is the $328 level. It was the high on February 2, 2022, immediately before the stock’s biggest drop ever. (The selloff was prompted at that time by weak results and business challenges involving Apple.) META tested...
Here's a question for you: pretend that you can only use one indicator from now until the end of time. What indicator would you pick? Write it in the comments below. Don't worry, this is just a hypothetical question. 🤗 The comments should make for a fascinating read for all of us. Remember: pick only one indicator and that's it. Bonus points if you provide a...
In this video, we delve into the recent surge in gold prices, driven by a combination of factors. On Friday, the U.S. dollar and Treasury yields experienced a decline following disappointing U.S. jobs data, solidifying expectations that the Federal Reserve will halt its interest rate hikes. The October job growth figures fell short of economists' projections, with...
Price never gets faked out. Traders do. A blow-off top, a black swan, a trend break. All of these can easily become TRAPS-101. The winter is coming. Time to turn back your clocks. November 1994 November 2015 November 2023 No more words are necessary. No conclusions, no signatures.
Welcome to our four-part Strategy Smarts series designed to give you some practical trading templates which build on the concepts outlined in our Day Traders Toolbox and Power Patterns series. We’re kicking this series off with the Opening Range Breakout strategy because it is fundamental to the process of intra-day price discovery. Strategy Overview: At...
If you are interested in quantitative trading (“quant” trading) or even if you’re only interested in investing, chances are you may have heard of arbitrage, co-integration and pairs trading. But chances are equally likely you have no idea what these truly mean and how to assess/measure and exploit these different concepts in your trading life and investment life....
A little brief before I start into this. I got started investing prior to the 1987 stock market crash and have always been amazed at the stock market for what it can do in a short period of time. People experience the market in so many different ways and I was fascinated by the mass-hysteria, psychology, economics and politics that surrounded the entire 1987...
I am currently involved in a trade idea that involves the Golden MA Cross which consists of the 50,100 and 200 moving average crossover. When all three of these MA's cross a big move usually follows. Watch to see more of what I mean in regards to this concept.