The rounded bottom was formed since February 2022. The price attempted to break the downtrend line but was pushed towards the support. I don't think all this trouble with forming a rounded bottom for 18 months will go away so quickly. I think I will try again and break that trend line starting in May 2021. It will be a long haul, but if you jump in now you...
The pair is testing the broken support now an important resistance. Dollar went up very hard and it may try to break up that resistance, but the massive double top gives me confidence that is going to fail the test and pair will fall. I don't have a big position this time, just moderate. If a see a hard rejection in the daily timeframe I' add.
Multiple bearish patterns. Last week just confirmed a bearish flag and broke an important support at 125. Price may try to test back the broken support now resistance at 125, but I really don't think is going any higher, too much bearish pressure. You can open a small position tomorrow and if it tests back add more. It has a lot of room to go lower. It may also...
Prices just landed on the broken resistance and now support. I just bought some, not much. It may drop a little bit more. I'll wait a few days to see if there is some consolidation over the support to add more. For now, just a small position. This stock is correlated with Bitcoin, so take a look to the crypto world to see how this one may move.
IT TOOK MONTHS OF PREPARATION. A LITTLE OVER A YEAR AGO... NOTICED VERY PECULIAR PATTERNS ON A LOT OF VERY STURDY CHARTS. EXAMINED NEARLY 400 TICKERS... SOMETHING VERY IMPORTANT STOOD OUT. DID SOME CALCULATIONS AND TESTED THE THEORY WITH A LIVE PORTFOLIO. WHEN THE BANKING CRISIS STARTED PACKING IN, THE PORTFOLIO WAS RED AT FIRST. THEN EVERYTHING WENT GREEN......
Price is testing the upper vortex of the triangle with lots of volume. Looks like wants to break out the one year consolidation. It may pullback a little bit but it may not.
So far, I’ve been testing day trading strategies. Which you’d have to watch for hours per day for trading signals. Or automate. And after all that dang work, not one of them beat buy and hold. Ouch. Recently, I found a strategy claiming to beat buy and hold, without any of that hassle. They say you can run it manually and in only 10 minutes per month. Too...
In previous articles, I’ve tested moving average crossovers and bounces. But I didn’t test this famous (or infamous?) indicator related to them… The MACD. When I saw a video from TradingLab on Youtube called “BEST MACD Strategy,” I was curious to test his approach. What’s a MACD Daddy-o? It stands for Moving Averages Convergence Divergence. It’s meant to...
Since I tested Bollinger Bands in the last article , what’s natural to think of testing next? Rubber bands? Rock bands? No, you silly goose! Keltner Channels… What’s the Difference Between Keltner Channels and Bollinger Bands? Bollinger Bands are based on chunks (called “standard deviations”) away from an average. Keltner Channel bands are based on...
Since trading is all about having a statistical edge (well, if you wanna make a living at it)... How about we use an indicator with deeper insight than averages? It’s called the Bollinger Band, and it’s what we’re testing today. What the Heck Is a Bollinger Band? Without getting all mathy on you (the formula is gnarly), imagine slicing up a regular bell...
If you read last week’s article, you saw results for the famous (or infamous!) moving average crossover. It bombed vs buy and hold over the last 10 years, even when using take-profit and stop-loss levels. So, how do moving average bounces perform with the same exit levels? That’s what we’re testing today… The Trading Truth Test Setup Our setup is the same...
If you’ve ever sat up late at night watching tv, you may have seen an infomercial for software to become a day trader. They make trading sound so simple. Buy when a green arrow appears on the chart. Sell when a red arrow pops up. You’re snickering right now because you already know it doesn’t work. Yet so many traders talk about moving average (MA) crossovers...
After these CPI data, the price will test the previous level before trend continuation. the 1.23 has to be tested.
now the chzusdt is running near the previous low.so what we could expect??it will continue to the lower then complete the bearish move then we can see a rejection to the previous daily support.
Testing Crypto Trading Using 200 EMA RSI QQE MOD 15mins scalping Following youtuber strategy so let's see if it works I will show you the result in my next video Thank you
Bitcoin price hitting a 7 year long daily support zone. I don't see a single day candle closed below it. Maybe this time we break under it and break the trend, or bounce from here and keep the trend.
BLR hit the scene on a super pump play some time ago...the CEO.ca board was filled with hopefuls and the CEO flogged their "test kit" story. They did a deep disgusting split that provided some folks hope. I'm not an expert but everytime something does a reverse 25-1...it's best to step away. It went from test kits to weed from weed to baked goods with weed in...
Simple Top & Bottom Indicator with confluence of the KDJ Indicator! Long Entry Example: -Background Switched from red to blue -Buy Label Printed -KDJ close above 50 Short Entry Example -Background Switched from blue to red -Sell Label Printed -KDJ close below 50 SL Placement: -Last Bullish/Bearish Candle of previous opposite chart background. Risk to...