SWKS Bending TrendA commonly missed trendline pattern is the bending that occurs in a momentum trend as buyers begin to disappear. Profit-taking by professionals can create a sudden surge of selling, which can easily drive price into a retracement or correction. Speculative price action is riskier to enter at this level as the runs are shrinking. SWKS may have more speculation but this is an expert level for a trade, and is not suitable for a new or novice trader due to the risk factors.
Expert
AMAZING trading educators.Hello, today I want to take a look at all these AMAZING "expert" trading educators. They truly are experts at being trading educators.
I just stumbled upon one of them. Oh my. Wow.
"I am a trader I know everything about finance here are my random tips that make no sense or are generic motivational tips. But I am a real investor I buy and sell foreal"
Age: Around 35.
Formation: College of business - Marketing.
Business card: Internet marketing strategist. Personal business coach.
Occupations after university: Creating typical infomercial pages to sell his expertise on random subject #.
A site about... jewelry?
A site about learning to trade?
A site about creating your own business?
A site about Marketing? Oh that one must be good thought.
All expensive of course. master expertise does not come for free.
Wrote over a dozen books on various unrelated subject to explain his expertise. 35 yo and already an expert at pretty much everything. Strong expertise at being an expert.
A review about his trading site:
"is not a trader. He has no verifiable track record of any trading success, nor does he publish a track record of any trades. At least he is honest about this."
Wait what? No? He acts like he trades all the time in his videos!
"does not trade. Yet he is offering private mentoring at a cost $20,000 to learn “The Secrets of the Stock Market”. In addition to the private mentoring, he is offering various books, courses and DVD’s on how to become a master trader. Unfortunately, he has no track record of any successful trading whatsoever. However, I must give him credit for expertly recreating already published material."
AAAAH MY HEART. It hurts. aaaa ouch. This can't be good I think... ok let's breathe.
$20,000? No one is buying that right? Right? There is a cheaper much cheaper version and this is what people go for?
WTF. This guy just reads random pieces of text off the internet and repeats it, sometimes in the wrong order.
"Oh ye companies need these marketing people because..." This is just beyond....
There is literally nothing. It's all marketting. This is so disgusting I actually feel bad.
I just want to vomit. It really is absolutely disgusting. Wow.
I just do not know what to say. He rapes babies too? Hey, as long as he is honest about it then it is all forgiven.
Is this an episode of the simpsons? Is this Dr Nick irl? "oh ye I learned how to be a doctor by watching this video you know..."
If you are interested in someone holding your hand or sharing his system or whatever, make sure you know the basics, and pick someone with a verifiable track record, has worked for Goldman's or something, or screenshot of his trading history + passport, and check his content make sure it isn't trash.
If 3000 hours is what is required to be decent at something and understand its intricacies (and 9000 hours to be a master - just a vague idea and don't expect to be pro just because you spent time on something), with 8 hours a day 5 days a week it will take 1 year and 6 months. Interestingly we hear alot that traders started being consistently profitable and/or stop doing plenty of mistakes after around that time. Sometimes 6 months, 1 year, 2 years, depends.
I feel like everyone is a scammer right now... Do they even trade? I know 90% of the crypto authors that sell something are. The 10% left...? Do they even open trades?
USDCAD SHORTS BEGIN!With reference to previous analysis on the pair it looks like USDCAD is a channel play - the ascending trend line has been broken and tested - expecting shorts all the way to our downside target zone.
For more detailed information on how we identify trade set ups, entry ,exit points and how we manage trades and how you can take advantage of the markets like us at EZinvesting feel free to message! Follow us for updates on future trades!
USDCAD TWO SET UPSUSDCAD TWO POSSIBLE SET UPS
SCENARIO 1: Price continues its bullish run and we see a break of the counter trend line which will warrant buy positions to upside target zone. ( Possible price stalling or false break out if we fail to break the resistance/ price deceleration zone)
SCENARIO 2: Price begins a bearish cycle we see a break of the ascending trend line , which will warrant sell positions to downside target zone
BIG TIP: Sometimes being conservative and waiting for a break + retest of a broken trend line or counter trend line can be very useful to increase the probability of your trade and to confirm market direction
For more detailed information on how we identify trade set ups, entry ,exit points and how we manage trades and how you can take advantage of the markets like us at EZinvesting feel free to message! Follow us for updates on future trades!
EURGBP TWO SET UPSEURGBP HAS BEEN VERY BULLISH THE LAST FEW DAYS
It has traded nicely within this ascending channel, price stalled and is starting to go down at the recent upper bound the pair is looking like it is pulling back to the lower bounds of the channel.
The Price Acceleration/Deceleration Zone will be key in determining where this goes next. If price stalls here and we see a break of the counter-trend line we should see upside target zone achieved.
If the Price Acceleration/Deceleration Zone fails to hold we should see the pair returning to the lower bounds of the channel and downside target zone.
For more detailed information on how we identify trade set ups, entry ,exit points and how we manage trades and how you can take advantage of the markets like us at EZinvesting feel free to message! Follow us for updates on future trades!
EURJPY TWO SETUPSA break of the ascending trend line will warrant short to the downside target highlighted (127.512)
HOWEVER
If price manages to hold above the trend line we could see longs to the upper bound of the channel (130.500) - if we break the channel the upside target highlighted could be achieved (131.992).
For more detailed information on how we identify trade set ups and how you can take advantage of the markets like us at EZinvesting feel free to message! Follow us for updates on future trades!
EURUSD SHORTSExpecting a break of the ascending trend line and downside price action continuation.
EURUSD possible new swing lows.
For more detailed information on how we identify trade set ups and how you can take advantage of the markets like us at EZinvesting feel free to message! Follow us for updates on future trades!
Monero Risky Buy, potential reversalMonero looking like it could be reversing on 1 hour and 4 hour chart, daily still indecisive. Would be an early risky buy now but as you can see from my expert analysis with my arrow, it could be a good long if you enjoy torture and hot dogs with ketchup instead of mustard.
Feel free to mock me if it goes lower
Bitcoin USD price has got over the cloud in 1 hour timeframeAnd the chikou span line is still inside the kumo cloud.
Uptrend scenario :
If the chikou span line gets over the cloud then that would mean a confirmation of the short-term (at least) trend.
And the Bitcoin price (XBT/USD) might go up to $8523.
BTC/USD price has got over the ichimoku cloud in 4H timeframeAnd the lagging span line (chikou span line) seems to get out of the ichimoku cloud.
If the lagging span line keeps out of the upper kumo then that would mean the confirmation of the uptrend until approximatively $11632 at least.
Consider the obstacles for the price in daily timeframe if you invest.
Price has got under the Ichimoku cloud in 4-hour timeframePrice is actually testing a support of 7632€.
Uptrend scenario
If price bounces on 7632€ then it might get uptrend again ; The lagging span line is still inside the ichimoku cloud ; The lagging span might bounce on the lower line of the kumo cloud.
Downtrend scenario
If prices gets under 7632€, and the lagging span line (chikou span line) gets under the ichimoku cloud then that would mean a first confirmation of the downtrend, at least on shorter timeframes.
Bitcoin Daily Chart - Jan 17th 2018 BTC is in an ending diagonal pattern and calculated measured move of ABC correction suggests a likely bottom support level is in range of +/- 8727.99. I have used 50% of my tethered USDT entering a position in BTC at 9080.00. I set a stop loss sale order at 8699.00 to minimize losses if support at 8700 is broken and BTC continues decline toward the 6100 support level. Long term trend lines (as seen on the chart) are likely support areas to watch for trend to reverse upward. IF 8727 support fails expect BTC to resume correction to 6000 range. IF 5900.00 is reached and breaks it is possible correction could continue to as low as 3900.00 or deeper as deeper moves cannot be excluded with info available at present although it is unlikely I believe we should move below 5900.00 at most.
Set protective stop loss orders always to minimize losses if support falls.
Good luck Crypto fans.
DAX forecast for next days (slightly uptrend)The DAX index seems to encounter a resistance that is a weekly SSB.
In high timeframes (Weekly and daily), in the next hours, days, if the LS gets over its actual candle (the top of it being tested by LS) then that would confirm an uptrend direction for the next hours or days.
A potential resistance would then be 10369.
I would suggest to invest (buy) at the next opening of the market and to put a take profit at :
- secure : 10347 (10 pips)
- mid-secure : 10357 (20 pips)
- unsecure : 10369 (32 pips)