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...
Head and Shoulders is one of the most reliable patterns in trading. You could find the stats on this - I've long forgotten them.
Many H&S pattern fail and you have to be prepared to take controlled affordable losses when engaging them. But when they do fall in your favour, they could be big earners.
As always, these patterns do not 'predict' - they create...
The disconnection of the DJI and USTech100 has happened before for short amounts of time. In the last limb of price you see this happening.
The question is 'what happens next?' Unfortunately my crystal ball broke a long time ago, and I'm not purchasing a new one on Ebay. 😂
This is one to watch. The H&S on the USTech100 is not predictive.
There are also some...
No promises on this one - I can't. This is one to watch.
Tech stocks have been in a bit of a problem, not benefiting from hopes of a vaccine for COVID-19.
After all, tech was feeding off the pandemic in various ways. Tech and the virus are basically friends. So if the vaccine would limit or kill the pandemic, that's not good for tech stocks in general.
As can be seen, with the price where it is, resistance can be expected. We will see substantial profit taking here. This goes hand in hand with the narrative of the contested election.
Through my eyes, now is time for profit taking and watching closely for the potential for another swing trade.
Note: The other two pull backs were multi week, so I'd caution...
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...
Patterns tend to repeat themselves. There is an interesting similarity happening here.
Bear in mind that the markets are random but do hold hidden patterns.
Caution and controlling loss are the big priorities. Positioning the next.
I'm stalking this situation very carefully. No predictions today or at any other time.
Disclaimers : This is not advice or...
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...
So the USTECH100 CFD has shown a strong demand tail on the 1h chart earlier this evening, possible reversal potential with divergence between price & RSI.
Taking a step back, on the daily chart, we can see the index is challenging the lower midline of the ascending pitchfork. If it holds, the bull could be back!
If it doesn't hold, we could be heading for...