I've been in MLFB for a while, since around 2018/2019. MLFB attempted to establish a season in 2020/2021, but due to COVID, they were unable too. Here comes 2022, and things were looking good. They were bringing on players, coaches, bought equipment, named teams, hand a place for a camp, and had some coverage. Things again were looking good. Around June/July,...
I am wondering if price will be able to push higher in 2025 or even make it until then. I like this stock because of the government contracts it has and it is a newer company. But it has a long way to go and with the interest rate hikes and the potential for a recession, price may keep pushing lower. But I am thinking space stocks are going to make the fore...
Price on GBP/CAD is pushing a little lower, but is still trading above the 1.60 level. The GBP/USD was able to break lower, below the 1.20 support and was able to hold. It is only a matter of time before the GBP/CAD breaks lower and I still think price is going to be able to do that. It will take about 6 months for this to happen, but in the meantime if price...
This pair is one of my top focuses for this year and I almost let it slip by. After conducting my R/A this weekend I came to find out that the New Zealand economy might start over heating and the RBNZ is possibly going to be in a position to keep rising rates. The RBNZ is looking to raise rates to around 5.5% (at least that is what is projected). The data on...
I came across one of my GBP/CAD thoughts and and saw a pattern that was screaming at me. I don't think I saw the pattern on Oanda's charts because the data only goes back to 2003 on the Monthly Charts and on FXCM it goes back even further (1976). With his added data it is clear the price is showing an inverse head and shoulders, which adds to the probability of...
Here is my roll up of my R/A There is a decent amount going on in the markets and I am out of all my positions. I will see what is going on and determine what the next steps in my plan are. My current plan has me getting into Silver and building more on SHIB. I think getting into Silver and SHIB right now isn’t a good move. Reason being, I think price on Silver...
For my trading style, I use price action, but mostly push towards fundamentals and sentiment. I am still on the side of the EUR/USD pushing lower, but price action is printing another picture. US inflation data came out lower (Core 6.3% actual/ 6.5% expected, Inflation Rate 7.7% actual/8% expected) which made traders/investors think there is likely going to be a...
The EUR/HUF is meeting all of my expectations on the Technicals, Fundamentals, and Sentiment. On the technicals, price is showing a head and shoulders patterns and price looks like it might be able to complete the head portion this year. The reason being is, on the fundamental side, the ECB is struggling to fight inflation, the National Hungarian Bank sticking...
This is my plan for the next few Quarters. My main focus is on the EUR/USD. If price is able to hit the 1.05 level, I will need to decide if I want to place a stop at 1.06 and ride price lower, or exit at 1.05 and move my focus over to the GBP/CAD and EUR/HUF. I might place a tighter stop and see if price is able to maintain the momentum lower on the EUR/USD. ...
Here are some of the notes I had put down since 2020. I am wondering how long the EUR/USD can hold above the 1.05 lvl . The Federal Reserve is on a path to keep hiking, in hopes of combating inflation and winning on that front. The ECB is stuck between a rock and a hard place as inflation is still extremely high and the economy is barely above water. I think price...
I think most traders are correct in the direction they chose, they just don't trust themselves to commit to that trade, according to their plan. Why do some traders learn very quickly and become profitable, others it takes awhile and then they get it, or they just end up quitting? It has to do with them having the conviction that their system is going to work...
With the amount of issues going on in the UK, it is interesting to see how price is still trading above the 1.50 level and pushing higher. Price dropped considerably over a month ago when Glits started selling off quickly, but recovered just as fast as the BOE sprang into action. But now, with the BOE saying that the UK is in a recession and the people of UK...
With the issues going on in the UK and the BOE being stuck between a rock and a hard place, once price breaks the 1.53 level, price may be able to make a run to 1.50. Once the 1.50 level is broken again, price will potentially have enough momentum to push to the 1.45 level and lower. I am thinking the UK Government and the BOE are going to diverge as the BOE...
The monthly chart is showing a descending wedge with price near the support. With the issues going on in the EZ (Russia/Ukraine, Inflation, Economy, Energy), the ECB is in a tough spot. Will the ECB continue to raise rates enough to put pressure on inflation and further spur a recession? Who knows, it does seem that the chart pattern might not hold up. With...