The “OOPS pattern” was developed by trader and author Larry Williams. It was named, according to Williams, for the all too common experience among traders when a broker would call his clients to report that a position was stopped out and say, “Oops, we lost.” This was due to the market gapping from one trading day to the next due to an overreaction from some...
This is just a basic guide for identifying support and resistance and how to use that information to find good areas to buy and sell. Hope this helps!
This video will introduce you to TradingView keyboard shortcuts and will show you how to use the charting interface to help give your viewers a better user experience.
Here is the modern history of Bitcoin. I find 7 Phases of the bitcoin from the top of 2013. 1. Descending Triangle Phase Price in form of triangle, in 2013 this pattern last for about 398 days. In the 2018, we can see similar triangle shape and price last here for about same period in 341 days. Next phase 2. Ascending Triangle Phase After breakdown of the...
Well, if the recent upward movement continues, then we might have some good opportunity over here. AMD is considered to be one of the best "comeback kings", which means once it was oversold, it usually runs back to overbought levels very quickly. It was oversold on multiple timeframes recently, and based on the MACD indicator. We might see some trend reversal(...
Let's think together what novice traders should do if they want to make money from the beginning, and they don't want to blow up their capital? First of all, we need to describe who novice traders are. You may guess the following: - a novice trader is a boy or a girl who starts trading in the financial markets from scratch, - a novice trader dreams about making...
In this video idea, I share what Indicator Templates are and how you can use them.
NASDAQ, NDX / QQQ, has been leading the stock market rally. In my opinion, we don't need to take any other chart / index into consideration when looking at the trend of the stock market. We recently reached the top of a large pattern that goes back to 2018. I mentioned in a previous idea that the price is likely to find resistance on the top line, and it...
Weekly trend did not change, new lows made. Cycle low target date in August or September. With the continued fundamental uncertainty the natural gas down trend has continued. Price will likely continue to be extremely volatile.
A simple idea, yet effective. No comments as it is self-explanatory
Hello Traders, This morning I'm looking at a possible short selling opportunity with EURJPY but I would like everyone's input. I'm trying to establish if this is a decent risk to reward sell trade. I know the odds of the trade are more likely in my favor but I'm wondering if I should increase my target or even execute this trade at all. Let me know what you guys...
Something pretty interesting happened when the DXY ( U.S. dollar index ) is inverted, and split chart next to the US500, a derivative of the SPX500 that trades within the construct of the OTCC markets and is a good 24/5 proxy....
The chart says it all. generally we could expect a weaker dollar in the weeks to come. However, the CAD still shows a stronger Bond yield spread than the Dollar. Market sentiment iin terms of the commitment of traders showed declining net short positions in favor of the CAD. In terms of price action, USDCAD is currently below previous month's low at 1.3737 levels...
Silver is testing an important rising trend line on 4H. the touchpoint matches perfectly with a horizontal 4H structure. +the price has perfectly formed a bearish engulfing candle signifying a strong bearish pressure from the underlined area. on 1H the price has formed a head and shoulders pattern and the breakout of the neckline is confirmed. now I expect a...
If you asked me 2 years ago Snap would be outperforming Twitter by 50% I'd say you're crazy.. Always interesting and fun to pay attention to some of these ratios that do not have broad market implications.
📍 EURUSD G10 FX Strategy The analysis of this starting position shows us two important triggers to conduct additional entries to our long positions. => A flanking manoeuvre is underway, but also a quick-witted fundamental swing; the euro's transition towards a funding currency and eurobonds saves it from collapse. As long as this expectation exists, the...
In this idea I will break-down all the price action we have seen over the last few months and explain where I believe we will be headed in July 2020. I base my decisions for this analysis mostly on big world events such as COVID-19, GF, and the recent correlation of bitcoin to the legacy markets. All of this is available for free, please give me a thumbs up if...
I think it's quite likely that we're going to revisit the MA200 one last time, as a final shakeout, before any kind of rally can start. The stock market looks as if it want to commence a second dump wave, therefore, it's quite likely that btc will follow to some extent. However, it will not follow as strongly as last time, because now, we are in post halving...