We look at the scheduled economic data and US earnings this week and question if given the fluid news flow from the Middle East, these events move the dial or if geopolitics consumes the full attention and direct sentiment.
We saw a rush to hedge portfolios on Friday ahead of a darkening picture emerging in the Middle East. The situation is dynamic and it's too...
We continue with our Masterclass series, which we created to teach people how to get started with charting, research, and analysis. In this lesson, you’ll learn all about the Drawing Panel located on the left side of your chart. Let’s get started!
Drawing tools 🎨
There are eight categories in the drawing tool section: Cursors, Trend line tools, Fibonacci tools,...
Key Takeaways:
- Poor quarter over quarter price performance at -11.5%, but BTC it still outperforming most asset classes including gold, treasuries, commodities, cash, and REITs year to date
- US bid that drove Bitcoin up in H1 has fully diminished at the time of writing
- Volume, liquidity, volatility, and search trends all continue to decline
- Grayscale’s...
Welcome to the final instalment of our 7-part Power Patterns series where we aim to give you the skills to trade powerful price patterns which occur on any timeframe in every market.
Last but by no means least is the Gap & Go pattern. Price gaps epitomise power and the Gap & Go is must for any active trading looking to take advantage in a spike in volatility....
In this video we talk about the bitcoin Production cost lines and hash rate to potentially determine the ULTIMATE supports and resistances. Areas in which I'll be looking to find longs and shorts after structure breaks.
You have two choices each day you open your trading platform.
To trade or not to trade.
There are circumstances that will rise where you won’t trade for that day. Then there are times where you should NOT trade at all. And then there are situations where you need to avoid trading.
You know when to trade. Now here are a couple of 11 reasons to take a step back...
It has been a big week of central bank policy announcements. While central banks in the US, UK, Switzerland, and Japan left key policy rates unchanged, the trajectory ahead remains vastly different. These central bank announcements were accompanied by a significant upward breakout in bond yields. Interestingly most of the increase in yields has been driven by...
Among my favorite charts this time of year is that of RBOB gasoline futures. Often as Halloween approaches, wholesale gasoline costs start coming down significantly from highs in the summer. Call it a nice treat for commuters and families around the country. As it stands, the prompt-month of RBOB is now under $2.20 - that's a fresh 10-month low should we close...
What is it Renko?
Renko charts were invented in Japan, just like regular candlesticks, many years ago and they are called Renga, which means "brick". They display charts symmetrically and are effective for identifying major trends and structural support and resistance levels. Renko charts are very well suited for trend trading as they are visually appealing,...
Credit for this perspective goes to u/RS3175. They shared their log Elliot waves with me and I found it so interesting I had to chart it up for myself. They've done better labelling of the wave than I have. I'll post their pic at the bottom of the page.
Firstly, what are we looking at? A logarithmic chart covering all of the SPX trading history with the entire...
In part one (linked) we discussed how to construct and use relative strength ratios (RS) in trading and analysis. We also discussed common errors and best use. In part two we finish that general discussion. In part three we will analyze consumer staples verses consumers discretionary and begin to discuss other ratios that I find useful.
How do spreads correct?...
NYMEX: WTI Crude Oil ( NYMEX:CL1! ), COMEX: Micro Gold Futures ( COMEX_MINI:MGC1! )
Over the weekend, military conflict in Gaza between Israel and Palestine shocked the world. I condemn violence against civilians and pray for the victims and their families.
In the following paragraphs, I will discuss how the prices of strategically important commodities, namely...
The issue is everyone wants to make money (well, maybe not everyone) but nobody wants to take the time to learn how to do it properly. This is NOT a sales pitch by the way! it's FACT!!
People often ask why I bash influencers so much, it's mainly for this reason. Majority of noobs, come into trading expecting to make a fortune. If only it was that easy, every...
Crypto stablecoins are a type of cryptocurrency that aims to maintain a stable value relative to a target asset, such as a fiat currency or a commodity. This is achieved through a variety of mechanisms, including fiat collateralization, algorithmic stabilization, and hybrid models.
Stablecoins offer a number of advantages over traditional cryptocurrencies,...
Risk strikes when least expected. Optimism peaks before a downturn strikes. Chart below shows remarkable spike in articles mentioning soft-landing before recession hits. Human brain is engineered to think linearly.
Anything non-linear tricks the mind. Recession is non-linear which muddles up investor estimates of recession, its timing and impact.
Count of...
10/08/2023, 11:55PM EST Livestream.
Stocks, Crypto, Indexes, Commodities, Forex, TA Charts, Requests.
Technical Analysis & Educational Charts livestream.
All content is Not financial advice.
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