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Femaletrader

USDZAR color coordinating analysis1. I like trading USDZAR because of the large movement potential. Same reason I like trading Bitcoin, not because the currency is realistic as a monetary replacement to the dollar. I am, however, in support of block-chain technology because of its utility in health & data storage. NOWHERE on the stock market will you see regular moves so big for maximizing profit potentials (on a swing or day trade basis). I've been trading 10 years, take my word... 2. I like to color coordinate my charts. The GREEN line lets me know where the most recent long-term support is located. I say long-term because this is a 4 hour chart. Movements between tops & bottoms of channels could take weeks or months. As a day trader, a price move taking weeks is "long-term" for me. Technically, its more like medium-term, as a genuine "long-term" analysis would be based off a weekly or monthly chart time frame. The GOLD line is a "short-term" area of resistance that may present a problem for price to re-test the most recent high (The RED line). The RED line is the most recent resistance area (again, based on this 4 hour chart). The purple line is the 1st place I'd be expecting to take some profits, as the chart's history has made it clear that this is a price level that more traders are willing to sell. 3. MY STRATEGY: In most of my posts, you'll see that I mainly trade from tops to bottoms of channels. Selling the "highs" & buying the "lows". I'm not here to teach you how to trade, I'll make videos after I'm done pursuing some personal goals of mine. However, the more you look at my chart drawings & other traders who use trend lines & trend channels, you'll begin to see the simple trading patterns that emerge on every trading chart in the world. I color coordinate my lines so that every few hours or few days, they can serve as land-markers to remind me of where price is, where its been, & where its potentially going. Trading is simple, yet being patient for price to test potential reversal zones is what's difficult. Every technical analysis strategy in the world begins with this foundation. A trader's ability to consistently wait patiently for patterns to form, price levels to be tested, & trade what's seen (not assumed) will be the key to long-term success. A lack of discipline will see a trader frustrated & wanting to quit before they can even see their own potential...thanks for checking out my trades!
Long
by BillionaireTomBoi
2
Still long GOLD, since 2009 [DETAILED]Gold is still a preferred long term asset for wealthy individuals & governments. I've been long since I got into financial markets back in 2008. A wealthy client of mine (whom I did sports recovery on from a Pro Baseball career) suggested I buy gold back then. I had no idea about it, I just bought it & held on. I sold it around 2011 to start another business & have continued to be an investor/trader since. Currently awaiting to continue buying pullbacks to the (long term) green line. This is a wealth play that I expect to simply hold long term. I BUY PHYSICAL GOLD & track the price value with the chart. You must understand market economics & the historical valuation of GOLD to understand why I approach it this way. GOLD IS NOT A "SAVE THE DAY" ASSET. It is simply a part of a long term asset building strategy to add to a balanced portfolio.
AMEX:GLDLong
by BillionaireTomBoi
EURUSD 2014 selloff DETAILED ANALYSISEURUSD to continue sell off. Red lines indicate resistance/supply levels. Purple lines indicate possible profit levels or reversal to retest the highs. Seeing how weak the pair was from the move between 2014-15, today's entry would be a continuation of that weakness. Price could retest the Purple lines & reverse to retest the most recent daily high of 1.25438. At which point, I'd be looking for yet another sell re-entry, expecting the trend to continue downward, ultimately making a new low & continuing further. This original impulse move could easily see itself doubled in the next year or 2. This is an easy entry play for profits in a long term portfolio approach. I'll be approaching this trade in a with a position building technique, similar to a Warren Buffet style. Selling the highs, building the position ate every re-test of the high, as the long term chart has signaled continued weakness. I don't like a lot of indicators on my charts. The least amount of lines, the better you can step back & see the bigger picture. Volume doesn't even move my decisions in the longer term picture. Large buyers gain the edge by hiding their volume, so why heavily consider it?...
Short
by BillionaireTomBoi
Beware BTCI took some profits from the recent entry a few days ago. If we cant get above 8840, we will retest the lows & ultimately, if they fail, BTC wont stop until the $3000 area. Don't fight the trend, be disciplined about seeing what the chart is really saying. Continuing to fail previous highs are warning signs that investors are selling their positions. Be patient for price to retest previous buy/support/demand zones. BTC is just one of those over-rated assets that can become a falling knife really fast. Don't keep trying to catch it, just wait to see how price reacts to buy/support/demand zones.
BITSTAMP:BTCUSDShort
by BillionaireTomBoi
1
BTC Price channels & profit targetsGreen lines are support, red lines are potential resistance. Purple line is 1st profit target. BTC is holding a parallel channel inside a descending channel. Price continuing to hold above the green line will signal a potential channel break of the upper Red line, marking the supply zone of the descending channel. Break & hold of this descending channel will have BTC primed to retest the purple line, as previous supply. Price remains above the 50SMA signaling the bulls still have momentum.
COINBASE:BTCUSDLong
by BillionaireTomBoi
BTC Long term SHORT, short term LONG.Red lines indicate BTC is set to fall over the long term. Green lines are buy zones where price may find temporary support for some short term profits. With the recent week's price action, BTC isn't seeing enough buyers stepping in at these levels to make a new high yet. This could change if BTC manages to hold above the downward sloping channel (above the top Red diagonal line). If this happens, BTC can be played as a "bull flag" pattern. The simple logic here is to play "buy the lows, sell the highs", meaning green lines to red lines. If you're a technical trader, don't get caught up in the news & gossip. Ultimate decisions by other investors show up in the chart when they put their money where their mouth is. Enter when you see them doing so...
COINBASE:BTCUSDShort
by BillionaireTomBoi