Palioxis

Palioxis

Hey Guys. Just wanted to make sure that everybody had the basics down when it comes to making a trading journal that can help you self police your trading. The point of a journal isn't to keep track of your trading stats, but rather to look and see how your emotions have played a role in your trading. If you feel scared, unconfident, and fearful that a trade...

Palioxis

Alright, so given its context, its place as a hedge against insane governments, and its correlations, gold is in a good spot right now. I expect further strength due to the recent technical break and strong price rejection.

Palioxis

So we've seen 4 Tweezers in a row now from crude, and its time to long. I've got a TP @ 53.98, but I'm going to leave a runner with a TP @54.92. Keep an eye out for SPX and Dollar correlation.

Palioxis

Hey Guys, So this pair is in the midst of a Descending Triangle . If it breaks one of the important price levels, then it will most likely move hard in that direction. I'm expecting it to break long based on macro factors, but it may break short. Look for the price action to stay outside of the triangle for a full 24 hours, and then make your move. This trade...

Palioxis

Hey Guys, So this pair just produced a lovely pin bar at a double resistance, which is a triple confluence. An easy, textbook short. Trade Well, AW

Palioxis

Hey Guys, Alright, so here's the deal. In its history, the S&P and other indexes have experienced a high amount of auto-correlation - or 'trendiness' - which used to make trading very easy. The thinking used to go like this: "If the day before was positive, it was a decent bet that today would be positive as well." This all changed in the later 2000's with the...

Palioxis

Hey Guys, So this is one of the oldest patterns in the book (which I learned from an old binary trader) called the 3 Point Reversal. Essentially, It's just a weak double top or bottom. In this situation, the buy signal is when the price action crosses the "B" price level in the direction that would constitute a reversal. In this case, the price has crossed the...

Palioxis

Hey Guys, So this pair matches its brother, EURUSD, in that it is in the midst of a Descending Triangle . For this, given Friday's price action, I'm planning on the pair bouncing up and retesting the trend line. I'm expecting a bounce lower, off of the trend line, and I will get in short if we get a confirmed candle. There is another possibility. This pair...

Palioxis

Hey guys, So this pair is currently in the midst of a Descending Triangle. After an uncharacteristic bump yesterday, this pair will likely see further weakness, test the support at 1.03965, bounce up and test the trend line, then fall further. This is the most likely scenario, and the main one I will plan for. I expect to long off of a confirmed bounce off the...