I can't predict the future, unlike many of my fellow traders. However, I know a bad weather setup when I see one. Have a look/listen.
I don't like what I see. I see storm clouds gathering. I see delusional pumping of a market. I see a deep disconnect between reality and sentiment. I see momentum falling off.
But make no mistake - I do not underestimate the...
A healthy economy - which is not 'the stock market' - needs solid foundation . Some believe that the stock market ' is ' the economy. Some are definitely wrong! Sentiment is what the markets are about - this is not about reality.
The DJI has now been reinflated but with what?
1 - cheap printed money
2 - loads of hope and greed.
3 - implicit guarantees.
15 Minute chart.
Price has driven up to a trend line and RSI is reading 66.50 so reaching over bought areas.
I still believe price could push up a little higher and reject off the trend line.
Potentially 3 areas i would look at to take profits if the trade went in favour - Id look at areas where buyers have bought on the way up and where there stop losses would...
The most important part of trading - especially with true trend-following - is stalking your prey very very carefully. The next is controlling loss.
Trend followers suffer heavier controlled losses - but also enjoy far greater gains - than those who rely on targets-based methods of trading. It is certainly not for 'everybody'. Only about 20% of all traders are...
This is getting really interesting. It's gonna be a fight between technicals and fundamentals.
Recent analyses of FED fire power suggests they have only used only about 1% of their arsenal of 'tools'. This obviously means that there is a lot more room for the north due to FED interventions. But what is market sentiment saying? There is a big fight on.
Right - guys and gals - it doesn't get much better than this.
Just don't blow up your live accounts on this pattern. Anything is possible.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is...
I was looking at shorts but we need to trade what we see not what we think and what should happen, the problem is the way the fed are pumping money into the system there is no wonder the dow keeps going up
Hopefully this post is both educational and entertaining.
I was having a discussion on line about the advantages of quantum speed trading - and how it has a greater power than the human brain. For sure it is more powerful at number crunching.
But quantum slowness is about trends! Look at the lovely 15 min trend. No big muscle computing power required. Just...
There were mad moves on the DJI (Wall Street) north on Friday 5th May 2020. The bulls gored the bears big time.
But there's 'fundamental' stuff that's not right. The Bureau of Labour Statistics (easily findable via a search engine), said that their figures were not correct. They even said in their report that if unemployment was counted more correctly the...
FED-backed pumping or rather re-pumping of the popped bubble, has taken the DJI to unexpected levels. I think they're making the same mistake all over again.
Have a look. No predictions. I don't do predictions. Tough.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can...
Just have a look. I present a case for probability south on the DJI (Wall Street).
Reality is catching up.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions...
I share a lessons learned with small time frame trend exploitation. Note that not because it's a small timeframe means it's insignificant. Small trends run for many hours and can accrue hundreds of points, as I show.
This methodology is specifically about trend following. It requires practice preferably on demo or paper accounts, in order to acquire skill.
Much of good trading is about time spent stalking. Trade execution by the most successful traders happens only after much patient study.
The current position of the DJI, resembles a previous one. Patterns tend to repeat. This means vigilance to see if they do repeat. There could be losses involved. I never avoid talking about that.
Sometimes a pattern may...
This one seems to be going well.
Took a long position on the dow jones. Price is battling through alot of adversity recently and managed to fight off bears at 233. Looking to reach a new high of the day to continue with bullish power.
Fully aware that the a** could crash out of this soon however!
This is an educational post - compliant with the house rules on text-based contributions - showing some of the tension between monetary policy taken by the FED and real world fiscal issues at deeper levels. Click and drag chart if all text does not show. Thanks.
The tension has caused whipsaws in the US Dollar, and price of Gold. The IMF has declared a global...