Nat gas isnt a stock, its also a weird commodity.
Its almost always oversold and cheap, and then all of a sudden its wrecking shorts.
Remember James Cordier? the option seller who blew up his clients selling calls on nat gas? geez. tough.
Any who, there momentum divergences in nat gas, showing the selling is slowing.
theres lot of volume showing interest.
I...
George Soros said "Most of the time we are punished if we go against the trend. Only at inflection points are we rewarded."
Even if we go with the overall trend on a pullback, we are going against the short term trend, and this is very punishing if done mindlessly.
Cruel game, I have to be patient all the time, wait months, and then I might have just a few hours...
Trend Shift Indicator saved me from the worst of today with two weird peaks and a precipitous indicator drop that seemed scary enough to make me sell prior to the worst.
Despite the very short upswing TSI is still hanging low. Volumes aren't great and the volatility is likely not over.
We are exiting the speculation phase of sentiment-is-all and moving to the...
It's been ugly for $AMD but the company has quite literally NEVER been stronger. The $XLNX acquisition makes the outlook harder to see however, in Lisa we trust. I think we have strong support below and easy trade here. I would be a buyer all the way down to $75 with a tight stop loss for minimal risk if all support does break.
GLHFTW
I wish I would have remembered to post this before the move happened, but I forgot. So I will just show my entry and exit points and why I had them. I set my entry point based on the trend low of the previous uptrend. This is what caused me to catch an absolute perfect falling knife for entry. Price then steadily rose to try and test the trend high of the previous...
Don't you just hate these slow drawn out days when Bitcoin seams to lay in bed all day?
One thing we can know for certain. Indecisive days like this make it easier to set aside our emotions and keep a clear mind going forward with the evidence we have at hand.
Typically by the end of the Elliott Wave Correction phase the final leg (C) closely represents the first...
ENJ has potential for a nice bounce here, although play at your own risk. Not a fan of falling knives, but it is sitting at a support level and in the right circumstances could set up a powerful bounce. The chance to necc further is pretty strong with current market. Will keep an eye on this one.
Hello fellow traders.
Yesterday I discussed leaning slightly on the bearish side after a reversal candlestick on the 4 hour chart that I mostly follow for trading. A few hours later we saw the follow through with the bears crushing the bulls yet again.
Here we go again wiht this being a game of patience. I am happy sitting on my hands and waiting for the bulls to...
