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...
Confluences:
- Strong support and resistance zone
- Looking to short with a target at the support line
- Lastly, remember the TREND is your FRIEND until it ends!
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...
Yep - nobody likes to hear about losses. But there is no way to gain in the markets without taking the risk of loss. Can you afford it? If not leave it alone.
See:
1 - zone of congestion.
2 - near fib 50%
3 - near ATR on 8h.
Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and...
This is an idea about when to sell Tesla shares following on from the split and subsequent price fluctuation.
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Summary - TL/DR: For a trading position taken near the recent trough in price (around $329 on 08 September 2020), $427 is a balanced exit price, based on recent trend lines, that reasonably protects profits and avoids a potential bear trap driven by...
It doesn't matter what time frame you find stuff. Just share. That's what I do, so others can benefit (if they manage their losses properly).
The 15 min channel is so curious. The obvious questions that will pop into minds are like:
1 - is that for real?
2 - how far will it go?
It is real - if you see it. How far - nobody knows!
Disclaimers : This is not...
NZDCAD(1D) rarely shows a very-sharp ATR switch. There are some interesting features in the price action which create probabilities for the south at this particular time.
I've labelled this a potential short (note disclaimers below). If you short this, you have to be prepared to lose your stop-loss. I do not give advice - so nothing on stop-loss.
If the...
Following up from my previous video on price of Gold, I show an startling inverse correlation between Gold and strength of the US Dollar (DXY).
Before February 2020, Dollar strength basically followed Gold. But after February - the world changed. Keep in mind this was when COVID struck, and the FED flooded the economy with basically 'air money'.
COVID popped...
