Some will learn, some won't learn and some need to feel the pain but still won't learn.
Few may recall that recently (linked post below), I said that the sharp switch on the Daily ATR was indicative (not predictive) of a trend switch for the south.
That was transformed into a other lower time frame trend switches. On this chart you see a flattening of the 4H...
This is a short take. I'm showing a 30 min ATR trend line.
Loads of traders know that ' the trend is their friend ', but do they truly exploit it? I don't think so.
There were three main opportunities to exploit this trend. The problem is - now you see it but when it's developing you can't. But at each of two points where price hit the 30 min ATR line, it was...
This is a simple structure level situation. It's at what seems to be a resistance area. There are no predictions here.
It's this simple: if you can't lose stay out.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions and not intended to assure you of...
Loss? Nobody wants to hear about that. Right?
Am I saying this position is going to make money? Nope. I said it is an opportunity for a loss. It's a thing called a stop loss.
Why would I go there? Price is close to the 1D ATR line. If it goes south, I won't know how far. If it goes north, I control how much it'll take.
The best way to secure zero losses of...
BTC did a major turn overnight (or day for some people). Price collapsed suddenly for the unsuspecting. But for those who were watching ATRs, the warning signs were in plan sight.
Only on Friday, I was saying to a colleague (not on Tradingview)," Something ain't right. You gotta have bottle to hold on to a peak like that ." (referring to the daily trend). The...
Sometimes a single candle can make a difference. How? It could trigger a trend change.
This is not a prediction. It is vigilance for a trend change. Single candles on any time frame often fail.
Position is everything (well not exactly). Some say it's luck. I say it is a chance to see how wrong I am. Acceptance of being wrong for a controlled loss is the...
Gold just did an important trend switch on the 2H time frame coming off what appears to be a double bottom at 1680. The switch is better seen on 15 min to 30 min time frames.
Normally the first pulse which this might be is followed by a minor correction before further movement in direction fo the switch. But strange things do happen.
This is a trend following...
This is a 15 min time frame, trend following set up. Price action looks uncertain and nosing slightly south.
As a trend follower, you know that you have to give the market much room to oscillate. Trend is more important than price.
Nothing in this set up means that I know the trend will continue south. All I can do is take an affordable loss. Hence, you find...
I've been watching price action in the last few days on AUDJPY.
My balance of probability is 51% for the south, leaving 49% for the north. I know 'everybody' wants better odds than that. Well, I did say it was tricky - at least for me.
My estimates are based on my analysis. Not a 'feeling'. I wouldn't be trading this time frame anyway. I'd be looking for a...
It's a kill zone. But note carefully there are losses here.
You can't win in this business unless you're prepared to lose! I would welcome arguments on that one.
The chart shows that the rebellion of price looks powerful but on the squeeze momentum assessment it isn't that powerful. Price movements tend to scare new traders. Well, okay - if you can't take the...
Ahoy! There is money to be made and lost here! 🤦♂️😂
I'm short with with an affordable loss. Others may wish to go long with an affordable loss.
It's not about how right you are but how much you limit your loss if you're wrong.
This is a nice one for new traders to experiment with on a paper trading account. 👊
Trading is a strange activity i.e. you can't...
The chart focuses on the 2H ATR trend line. Bitcoin was in a 2H uptrend. The trend weakened and corrected in a 2H pattern. Now it seems to be resuming.
The position is ripe for a short with a reasonable stop-loss, at your own risk. If you cannot take the loss, do not enter!
This is a true trend following setup. No targets are possible. Stops are somewhere...
Lots of tension is building around this support region, which indicates to me a potential stop hunt. I would like to see a swoop below support into the order block region before upside continuation into my target level.
COT & Sentiment is pointing to the downside so I will be trading to the upside.
The Indians are in a similar position to many other stock indices. Three things can happen here:
1. Price goes below the amber ATR line, and then rocks north like a bat outta hell - or
2. Price collapses below ATR line and continues south for a while.
3- Price continues to range within a horizontal band.
Whatever happens there is money to be made here - if you...
This is a textbook pre-London setup.
During the Asian session we often see (especially in Yen pairs) moves that set up for the London session. What this does is provides us with liquidity of retail trader stops that we can take advantage of.
This was a simple 0.7 R trade that I was in and out of within 45 minutes.
It amazes me that traders still put their stops...
Seasoned traders will know the influence USTECH has on world stock indices and several forex pairs.
I'm seeing something that I did not quite expect. I stick my neck out. But note that this market is not a true market. How? It is well known that it is artificially inflated by the influence of a powerful body called the FED. If you don't know the FED, stop...
Nobody except me talks openly about losses. So here I go again: can you take the loss?
USTECH is at a nice position. You absolutely cannot 'know' what it will do. All gurus who make predictions are wrong. They cannot and do not own the future. I never make predicitions.
It's either the loss is affordable, in order to gain or it isn't.
The markets are there...