Crypto heavy this one is. 3 out of 6 about blockchain, 3 out of 5 really I always make 1/6 a useless / just for fun one. 1- Bubba Wallace does not manage to finish the NASCAR All-Star Open race and finishes 21 out of 21. *********************** Here's the for fun one :) Bubba Wallace that is now famous for being the victim of a door handle which he thought was...
in this technical analysis as education, we see an EUR/USD in long term very bullish. Why? Because there: If you keep watching up, we are in the strong support and a possible formation of Bat armonic pattern bearish or double top, as you want to see, maybe it's has for me a double top, and very strongest because in the past in the accumulation of 2014-2017 we...
What happens when the price reacts during the open? Today during the Asian session open - Nasdaq had a gap down, this is due to "Apple Inc. doesn’t expect to meet its revenue guidance for the March quarter because of work slowdowns and lower smartphone demand, showing that the virus outbreak in China is taking a bigger-than-predicted toll on one of the world’s...
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USDJPY – Buyers became leaders at the moment Trend: Strong Buy Support/Resistance: R2: 110.295 R1: 109.718 S1: 109.049 S2: 108.803 S3: 107.787 Price action: In this trade idea, you can see how buyers were pushing price without any swing/denial by sellers. Actually buyers break sellers, before sellers were able to handle position at level 108.803. So buyers has...
For the week number 39 (September 23 - September 29), this is a selection and discussion of the most important scheduled economic events: www.thekrakatau.com
Trading before News News is a fact of Forex trading and while their are several ways to trade the Actual release and it's aftermath, today I want to focus on trading before the News. Understand that the decision to enter the market before News is a conscious one and you don't have to do it. Prime examples are days where interest rates, for a currency you...
This morning I read UnitedHealth Group's earnings report and purchased some shares at about yesterday's closing price. The report was extremely positive. UnitedHealth not only beat analyst estimates, but also raised its guidance for the rest of the year. Ordinarily these results would get a big pop, but instead the stock promptly sold off to the tune of...
I talk about a popular way that news agencies try to explain all moves in the market.
Well, there are three types of traders we can come across and all of them believe their method of trading yields them profits, be it using only indicators and price action (Technical analyst) or reacting to news whilst trading (fundamental analyst) or trading according to market sentiment (sentimental Analyst)! In most circumstances we can only see that some...
DVLP has recently doubled in price multiple times . Back in Jan DVLP trended up 120%, trading from $.013 cents to $.029. And just over a week ago it Broke-out and ran up 160% , trading from $.019 cents to a high of $.05. It looks ready to potentially do it again.
In the screencast I show how supposedly good news from the Federal Reserve today caused stockmarkets all over the world to leap north. Wall Street jumped some 600+ points, for the joy of many people. I don't see any reason for joy. Sorry. Forex pairs influenced by stock markets also moved seriously. The reality is that Powell used softer more measured and...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Elements of a Successful Trading Plan 102 2. Risk Level Managing a risk in trading is essential if a person wishes to make profitable investments. As a trader, one cannot control the market but he/ she do have the capacity to change what can be done as circumstances require. They need to adapt the changes as the...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY 5 Litecoin Order Types Order Types a) Market order A market order is considered as a buying and selling order, which should be executed based on the current market prices. Market orders are utilised when execution certainty is prioritised by investors on the execution of price. Investor produces market orders by...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Trading Psychology- Master your Mind and Money Are you continually loosing money and not knowing why? For the past decade of trading the financial markets, I believe psychology is so vital to trading success. Below is a small snippet of questions that you need to ask yourself prior to entering the market so that you are...
Crystal balls are either cracking or working overtime around the world in attempting to predict what's going to happen with Wall Street. See also What rules the world? As I said so many times before, 'nobody can predict anything' in stock markets or any other market - for the simple reason that nobody owns the future. In this screencast, I show a bit of my...
I'm sharing a chart to give my sentiments about listening to the news. New traders especially tend to listen to the news and website opinions about where markets are heading. I show a bit on how I approached a particular situation on the US30. A lot of news is late and people who create news items or blogs have their own biases, based on the information they...