Trade Like A Sniper - Episode 19 - BRK.B - (6th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing the Berkshire Hathaway ETF chart, starting from the 6-Month chart.
Berkshirehathaway
Why Large Firms with Huge Cash? Small Firm Are Leading...Berkshire Hathaway, an investment company is not investing. What is the signal?
Why are they hoarding cash?
• Not much good investment opportunity ahead
• Preparing for tougher time
E-mini S&P 500 Futures & Options
Ticker: ES
Minimum fluctuation:
0.25 index points = $12.50
Micro E-mini S&P 500 Futures & Options
Ticker: MES
Minimum fluctuation:
0.25 index points = $1.25
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Berkshire Hathaway - BreakoutHello Traders, welcome to today's analysis of Berkshire Hathaway.
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Explanation of my video analysis:
In 2013 Berkshire stock broke above a key resistance area which was acting as resistance for multple years. This breakout was followed by a +300% pump towards the upside. Last month Berkshire stock then also broke out of a long term triangle formation. If we get a retest back to the previous resistance mentioned in the analysis, I will be looking for long-continuation setups.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
Elon Musk has overtaken Warren BuffettIn this video I am thinking out loud about some exciting things happening in markets. Especially how Elon Musk has outdone Warren Buffett. That's right.
Tesla's market cap is now bigger than Berkshire Hathaway's market cap.
I never saw that coming. I am not sure why, perhaps the potential growth continues to astound people. For the really bold thinkers, maybe Tesla will one day merge with SpaceX and it will become much more than a car company. Perhaps its solar capabilities will continue to take off.
We shall see.
Later in the video I also brainstorm about the comparison of cryptos total market cap and other companies like Visa and JP Morgan. The old companies. Do they still have a chance to succeed or is that it for them? All comments welcome.