PPB's investors haven't had much to laugh about this year, not even their comical television adds could cheer them up, i'm sorry to say that from the looks of the daily chart the stock could be in for some more pain soon. After a tremendous run in may the stock has seen a lot of downside until finally finding support at the 6000 level currently the price is having...
EURUSD has presented different opportunities and conflicting signals. 'Everybody' wants to know which way it is going. This is the wrong question.
In this screencast I show different opportunities relative to trends on different time frames. Where price is going, depends heavily on which time frame trend you're stalking - and whether you'r willing to take a...
As usual I have no crystal ball.
Overnight and into this morning, I've been watching the order-book action on Coinbase. What was striking was the amount of volume being exchanged on Ethereum compared to BTC.
In essence BTC volume appeared to be quieter than Ethereum. I'm talking about he 'buckets' of trades - not the actual amounts of money. See my 44 second...
I'm out of it. I'm not getting into FOMO.
Based on my own methodology, I'm not happy with stop-losses. So that's it.
For me, I have to consider my stop-losses as 'gone'. That's money I'm willing to throw away on the chance that I'm wrong. So I'm not happy with the losses between 2H and 1D time frames.
Gamblers who want to win a single trade may get involved....
The VIX is called the 'Fear Index'. That's for a good reason. In times of high volatility what do you do? People in general stay out i.e. they sell off and keep their powder dry, or look for safe havens. They fear for their money, even if they don't admit it.
As a trader you're told 'volatility is good for traders'. But really - is it? It depends on how extreme...
Analysis for EURUSD - Using Support and Resistance, There was a clear bearish movement from the Top Resistance all the way down to the Middle Support, the Pair just reached the 1.17780 and we're expecting a retest and hopefully it'll reach the bottom support 1.17301
The Japanese yen is currently at a multiple tested support range at 0.00900. Here you have to look more closely and there are several possibilities:
1. Direct long positioning and stop loss under the support area
2. Wait for a stronger counter-move (for example higher closing price than the opening price yesterday) and then long positioning. Stop loss put under...
This looks like a pennant formation as there were 2 wicks that were acting as support and momentum of the current movement is decreasing as well.
Place stop loss below nearest support line and price will be taken at the next resistance.
On my previous post I stated that there could be a downside movement for this pair. However, there was a large amount of upside movement which looked like it was due to noise or news which has been released. As seen yesterday there was some news released for AUD which may have sparked the current increase in buyers.
I feel that the noise period is over and a...
If you get stopped out you have two choices:
1) Wait for price to reach the next key level before re-entering
2) If analysis completely wrong then plan for opportunity in opposing direction
I got my last AJ short idea completely wrong but that doesnt matter as long as you define your risk according to much larger rewards.
Be careful of the volatile news affecting the dollar but anyway the downtrend is coming to an end and us seeing bullush momentum when price reaches 1.51 level it will jump. Price is well belo wboth EMA's and stoch is oversold.