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$SPY Outlook for OCT 21, 2024AMEX:SPY headed into this week is an inside bar / 1 / harami. Means an explosive move is coming. Got a 2-1-2 going into Monday. The overall market structure is still bullish with higher lows and higher highs. There's no real catalyst ' yet ' for a big bearish move. I'd watch how Sunday night's global opens and see what transpires during the London session of NYSE:ES SEED_ALEXDRAYM_SHORTINTEREST2:NQ There still a GAP downside that was not completely filled last week. #SPY is in this rising wedge pattern and been respecting the TL (Green/Red). The pivot for SPY will be 583.99 - 584.55. If the bulls hold above that, you will see 585.39 get taken and then potentially 586.12. Failure by the bears to stop the move up and 587/587.35/588 will be on the path. If the bears take control and break the pivot zone, then you will see 583.67 / 583.2 / 582.6 / 582.33 and 581.82 / 581.5 / 580.9 Market Structure starts to change with a break of 582.16. A true MSS comes at 565 break. Keep in mind, there is a divergence between NASDAQ:QQQ and AMEX:SPY This is NOT FINANCIAL ADVISE! #SPY #MSFT NASDAQ:AAPL #AAPL NASDAQ:AMZN #AMZN NASDAQ:QQQ #QQQ #ICT NYSE:ES #ES SP:SPX #SPX #thestrat SEED_ALEXDRAYM_SHORTINTEREST2:NQ AMEX:SPY #NQ NASDAQ:MSFT NASDAQ:TSLA #TSLA NASDAQ:NVDA NASDAQ:AMD #NVDA #AMD
AMEX:SPY
by SADnation
QQQ Weekly Outlook (SPY) for OCT 14, 2024A week ago, I provided a weekly long-term view of QQQ (link below): I annotated that by looking at the weekly time frame, we can note that QQQ has been bouncing off the weekly trendline (TL) that started back in JAN 2023. It has touched and bounced off that trendline 3x so far: -MARCH 2023 -OCTOBER 2023 -AUGUST 2024 We started OCT 7th week around 487 and closed end of week at 493.36 Based on technical analysis, QQQ is in a triangle pattern with the top trendline starting on JULY 17th and then hitting it again several other times: -SEPT 26 -OCT 9 -OCT 10 -OCT 11 The bottom trendline starts on AUG 5th and touches again on: -SEPT 6 -SEPT 9 -SEPT 10 -SEPT 11 Another TL was drawn on SEPT 11 up which price has been respecting: -OCT 2 -OCT 3 -OCT 4 -OCT 7 -OCT 8 -OCT 11 This has cause price to get tighter and tighter against JULY 17th TOP TL. In addition, price has been making Higher Lows (HL) and Higher Highs (HH) starting from AUG 5th until current date. The following are the HH/HL: HL: AUG 5/ SEPT 6 - 11 / OCT 1 - 3 HH: AUG 22 / SEPT 26 / OCT 11 The GAP that was created between JULY 16 - 17 was filled on SEPT 26 causing the market to GAP REJECT and push price down. Price has once again come back to that gap and closed above it. GAPS can be used in several ways. One being the initial rejection. As price is back above it again, what was once resistance / supply can now be potentially turned into support / demand. The second method can be the INVERSION of a GAP. Utilizing my longer thesis from last week along with the new / current data, a bullish sentiment is formed going into this week for the following reason: -Two bottom TLs have been respected and acted as support -Higher Lows/Higher Highs are being made -Price closed above the GAP that that acted initially as resistance and now turned into support (inversion) -No economic catalyst for bearish scenario 'yet' -Price had a strong close above the 5 and 8 EMA on the daily time frame. Price Targets: PT1: $498.44 PT2: $500 PT3: $501.01 PT4: $503.07 PT5: $503.52 PT6: $505 This is NOT financial advice but my opinion on the market. NASDAQ:AAPL NASDAQ:AMZN NASDAQ:QQQ NYSE:ES SP:SPX #thestrat SEED_ALEXDRAYM_SHORTINTEREST2:NQ AMEX:SPY SEED_ALEXDRAYM_SHORTINTEREST2:NQ NASDAQ:MSFT NASDAQ:TSLA NASDAQ:NVDA NASDAQ:AMD SaD
NASDAQ:QQQ
by SADnation
GOOGL 2 VALIDATED CONFIRMATIONS! EXTREMELY BULLISH !!!!GOOGL, 2 VALIDATED CONFIRMATIONS! Last week, I mentioned that I was extremely bullish on Google. In fact, I even sent a buy alert to my investment clients since Google has shown many bullish patterns and is displaying typical "pre-earnings" behavior. However, I have shared my analysis with you for free because I want us all to succeed! And if you've been following my analysis for months, you've seen for yourself that we’ve been on the right track. Everything happens with Google after it breaks out of a channel. Whenever the price breaks a channel, we need to wait for it to reach its high and look for when the pullback will occur. In this case, after finding its high post-breakout, Google entered a candle congestion channel. STACKED CHANNEL: A candle congestion channel can be considered a volume indecision. What do I mean by this? The price creates a bottleneck-like pattern within a very tight channel, behaving strangely, with candles almost the same size and very close to one another. In this situation, it’s very difficult to determine which direction the price will take, and I consider it a complicated and dangerous pattern. All we can do is wait for the price to make a decision. Once the price makes a decision, it breaks the congestion channel, forming a new high, and consequently, reaching our target zone. That’s precisely when it begins its pullback, and the next step we’re looking for is A NEW EXTREME. I’ve marked this pattern in yellow, and I call it the N3 Pattern. This usually happens most of the time after a breakout, and we must be very attentive to the candles it produces to execute it. An N3 pattern involves three movements: #1 Breakout and New High #2 Pullback and Rebound #3 New Extreme That simple. Going back to the analysis, we’ve reached our next stop with double confirmation. In conclusion, I remain very bullish on Google, especially as we are just a few weeks away from Google announcing its earnings report. So, if you're considering entering, whether for a swing trade or long-term, there's still time. Remember that, based on my valuation and fundamentals, Google has an intrinsic value of $180, so the final decision is yours. OF COURSE… This is not financial advice, and you make your own decisions and take your own risks. Thank you for you support :)
NASDAQ:GOOGLLong
by RocketMike111
$QQQ Longer ViewpointNASDAQ:QQQ is lagging behind AMEX:SPY and has not reclaimed ATH ' yet .' Looking at the weekly time frame, we can note that NASDAQ:QQQ has been bouncing off the trendline that started back in JAN 2023. It has touched and bounced off that trendline 3x so far: -MARCH 2023 -OCTOBER 2023 -AUGUST 2024 Each time it bounced, it ran for approximately 100pts + and took roughly 124 - 140 days before consolidation and/or a correction / retracement / pullback occurred. From a technical standpoint, NASDAQ:QQQ will attempt at All Time Highs (ATH) at $503.52 again. We have to be conscience of the divergence between AMEX:SPY and $QQQ. AMEX:SPY has already made a new ATH while NASDAQ:QQQ is lagging behind. If ATH is broken on NASDAQ:QQQ and price move similarly to the last two weekly trendline bounce, then price could reach $528 and some change before possible consolidation and/or a correction / retracement / pullback occurred with a timeline of around mid-December. Failure to reclaim and/or break ATH can cause NASDAQ:QQQ to return back to the trendline. This is NOT financial advice but an opinion.
NASDAQ:QQQ
by SADnation
GBPJPYAs per our last mind we asked you guys which pair you want and analysis for. The public has asked for GBPJPY . Here is our view. As of now, GBPJPY is sitting at our PBA 2 (Pullback Area). If we break above 193.290 (October 1st highs) we will continue to the upside . However , If we break below our PBA 2 192.000 , we could see a downside move to our PBA 1 . Breaks below could also result in lower prices. We advise you not to enter in any trades until breaks of either 193.290 or 192.000 . We will send out the update once a break happens. KEY NOTES - GBPJPY has fallen to our PBA 2. - Important levels to break are 193.290 or 192.000. - Break above 193.290 would confirm higher highs. - Break below 192.000 would confirm lower lows. Happy trading! FxPocket
by FxPocket
2
EMOTIONS! Chapter-2In trading, emotions can easily become your biggest enemy, and it's crucial to understand that “you are your own opponent.” The market isn’t against you—it’s neutral, driven by global forces like supply and demand, economic policies, and geopolitical events. It doesn’t care whether you win or lose. The real battle is internal, and your success depends on your ability to manage your emotional responses. Emotions like fear, greed, frustration, and overconfidence are powerful forces that, if left unchecked, can lead to impulsive decisions and costly mistakes. The key to thriving in the forex market is learning how to control those emotions, because if you don’t, they will control you. I learned this lesson the hard way back in 2016. At the time, I had just started gaining confidence after a string of successful trades. That confidence quickly turned into greed. I started taking bigger risks, convinced that I was riding a winning streak. Then, things turned. The market shifted, and I began losing trades. Instead of stepping back and re-evaluating, I panicked. I felt this urgent need to recover my losses, so I started chasing the market. Every time I saw an opportunity, I jumped on it without thinking, trading out of desperation rather than strategy. I kept telling myself I could make it all back with just one more trade, but the more I tried, the deeper I sank into losses. It felt like the market was conspiring against me, but the truth was, I was sabotaging myself. I was letting my emotions dictate my decisions, and that was the real problem. Fear took over when I lost, and greed controlled me when I won. I wasn’t sticking to my trading plan, and I wasn’t thinking rationally. Instead of approaching the market with a clear, calm mindset, I was reacting emotionally to every price movement. It was a vicious cycle—each loss made me more desperate to win, and each win made me more overconfident. I was chasing quick fixes, but in reality, I was only digging a deeper hole. That experience was a painful reminder that in forex trading, the market isn’t there to beat you—it’s neutral. *You beat yourself* by letting emotions cloud your judgment and control your actions. After that tough period in 2016, I knew something had to change. I realized that emotional control was not just a skill—it was a necessity if I wanted to succeed. I had to stop reacting impulsively and start trading with discipline. The first step was getting back to basics: sticking to my trading plan no matter what. I began to follow my risk management rules strictly, using stop-loss orders to protect myself from the emotional urge to "let a trade ride" in the hope of recovery. I also limited the amount of risk I was willing to take on each trade. Instead of chasing profits, I focused on preserving capital and managing risk. One of the biggest changes I made was learning to step away when my emotions were running high. If I felt myself getting anxious, frustrated, or overexcited, I would close my trading platform and take a break. This gave me the space to regain perspective and come back with a clearer mind. I also started keeping a trading journal, documenting not just my trades but also how I felt during them. This helped me recognize emotional patterns—like when I was more prone to making impulsive decisions—and take steps to prevent them. Over time, I developed a deeper understanding of how emotions influence trading. I came to realize that *success in forex isn’t about controlling the market—it’s about controlling yourself.* The market will always be unpredictable, but how you respond to that unpredictability determines your outcome. You can’t let fear make you exit a trade too early, nor can you let greed push you into taking unnecessary risks. By learning to control your emotions, you can make decisions based on logic and strategy rather than impulse. I also learned to embrace patience. Trading is a marathon, not a sprint. The best traders are those who wait for the right opportunities and don’t feel the need to constantly be in the market. Looking back, that difficult year taught me a vital lesson: the market isn’t out to get you; it’s indifferent. You are the only one who can stand in your own way. By mastering your emotions, you can avoid self-sabotage and make rational, calculated decisions that will lead to long-term success. Now, when I trade, I do so with the understanding that my biggest challenge isn’t the market—it’s keeping my emotions in check. Trading with a clear, calm mind has made all the difference, and I know that no matter what the market throws at me, my success or failure depends on how well I manage myself. Happy Trading! -FxPocket
OANDA:XAUUSDEducation
by FxPocket
MU: Gap, Pause, Run?Someone recently showed me this 'simple strategy' and I've had some success with it. The idea is, a stock gaps up big, like MU did on this chart back in March and again on September 26th. After the gap up you watch for a pause. The pause can be a day, few days, or even a week, doesn't matter. If the stock falls back down and closes the gap (or get's close), the trade idea is over. But if it trades sideways for a bit and then breaks above the high of the initial gap up candle, in this case 114.80 on 9/26, you enter. Entry: above 114.80 Volume: strong volume Target: no target, close the trade when price closes below the 5 or 10 Moving Average. Stop: depends on your risk tolerance; My plan is the low of the gap up candle, in this case 107.53. This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not enter a trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NASDAQ:MULong
by tradepatiently
Bitcoin Bull RunOver the past 30 days, investors have amassed an impressive 88,000 BTC, with nearly 40%—around 35,000 BTC—accumulated by smaller players known as 'Crabs' (holding 1 to 10 BTC) and 'Shrimps' (holding less than 1 BTC). This surge in retail accumulation underscores the growing confidence among smaller investors in Bitcoin's future. But here's the key: the removal of 40,000 BTC from exchange wallets could signal a bullish market ahead. This reduction in liquidity, combined with a staggering accumulation rate that's seven times higher than the monthly issuance of just 13,500 BTC, sets the stage for significant market shifts. With only 26% of the circulating BTC supply considered liquid, Bitcoin’s market dynamics could soon take an interesting turn.
PYTH:BTCUSD
by IPatrice
XAUUSDXAUUSD . Potential short opportunity. Our idea remains the same as yesterday however we are posting an adaptive analysis. The price on XAUUSD has made a new ATH (All Time High) we are due for a pullback (at least 50%). Our new key levels are sitting at 2600, 2560, 2545, 2530. Our entry is at 2589. We are expecting the price to drop down to our Key Levels (KL). Every break of the new KL will result in deeper pullback . Stops are set at yesterday’s high. We must keep in mind that gold is still overall bullish and even if we see our KL4 (2530) we would still expect the price to go up from there. Overall still bullish on XAUUSD . PARAMETERS - Entry: 2589 - SL: 2600 - TP1: 2560 - TP2: 2545 - TP3: 2530 KEY NOTES - Possible double top on XAUUSD. - Break of KL2 could result in deeper pullbacks (KL2 -> KL3). - Break of yesterday’s low could result in deeper pullbacks (KL3 -> KL4). - Stop is set at the previous days high. Happy trading! FxPocket
OANDA:XAUUSDShort
by FxPocket
10 Effective Tips for Trading Profitably Without IndicatorsIn the fast-paced world of financial markets, trading profitably is a skill that every professional aspires to master. While indicators are commonly used tools for making trading decisions, there's a growing trend towards trading without relying on them. If you're a professional trader looking to enhance your trading strategies and achieve profitability without indicators, these ten tips will guide you on your journey. Price action is the most direct representation of market dynamics. By focusing on price movements and patterns, you can interpret market sentiment and make informed trading decisions without the need for indicators. Identifying key support and resistance levels on your charts can help you anticipate price movements and determine optimal entry and exit points. These levels are crucial for making trading decisions based on pure price movements. Candlestick patterns provide valuable insights into market psychology and potential price reversals. Learning to recognize and interpret these patterns can give you a competitive edge in your trading strategies. Effective risk management is essential when trading without indicators. Set clear stop-loss levels, calculate position sizes based on your risk tolerance, and adhere to disciplined money management principles to protect your capital. While trading without indicators, trend analysis becomes even more critical. Identifying market trends and aligning your trades with the prevailing direction can increase your chances of success in the absence of traditional indicators. Trading without indicators requires a high level of discipline and patience. Avoid impulsive decisions, stick to your trading plan, and wait for clear signals based on price action and analysis. Stay informed about market news, economic events, and geopolitical developments that could impact the financial markets. Conducting thorough market analysis will help you make informed trading decisions based on fundamental factors. Volume can provide valuable insights into the strength of a price movement. Analyzing trading volume alongside price action can help confirm potential trade setups and validate your trading decisions. Understanding your emotions and psychological biases is crucial when trading without indicators. Develop mental discipline, manage stress effectively, and cultivate the mindset of a successful trader to navigate the challenges of indicator-free trading. Continuous learning and improvement are key to mastering the art of trading without indicators. Explore new trading strategies, attend webinars, read trading books, and seek mentorship from experienced professionals to refine your skills and stay ahead in the competitive financial markets. How to Trade Profitably without Indicators Based on the insights shared and the site activity data analysis focusing on forex trading, it's evident that traders are embracing alternative approaches to trading, including strategies that do not rely on traditional indicators. By following these ten effective tips, professionals in the financial markets can navigate the complexities of trading without indicators, enhance their trading skills, and strive for profitability with confidence and precision.
Education
by TLTurnerTV
How To Reset Your Money Paradigm | Trading PsychologyMoney isn't the root of all evil; the lack of money is! If you're a trader, you know this better than anyone. You’re out there every day, battling the markets, trying to turn your hard-earned dollars into more hard-earned dollars. But let me tell you, your success isn't just about charts and indicators; it's about what’s going on between your ears—your money psychology. Your mind is either your greatest asset or your biggest liability. So let’s get into how to reset that money paradigm and become truly prosperous! 5 Bullet Points on How to Reset Your Money Paradigm: Money is a Divine Substance Inspired by Catherine Ponder Stop thinking of money as some cold, hard, external thing you have to chase after. Money is energy—Divine Substance! When you align yourself with prosperity, you don’t chase money; it chases you! Start affirming every day: “I am one with the energy of abundance, and money flows to me effortlessly!” Change Your Inner Talk, Change Your Outer Reality Inspired by Joseph Murphy What do you say to yourself about money? “I can’t afford it,” or “I never have enough”? Cut it out! Your subconscious is always listening, and if you feed it scarcity, that’s what it’ll deliver. Instead, say things like, “I am wealthy in every way,” and watch how your financial reality begins to shift. Leverage the Power of Compound Interest—On Your Thoughts Inspired by Sebastian Mallaby In trading, we all love the magic of compound interest. Well, guess what? Your thoughts work the same way! Start compounding positive, wealth-attracting thoughts, and over time, the interest will pay off big. Just like in finance, the earlier you start, the better your returns. Expand Your Money Consciousness Inspired by Catherine Ponder Most people live with a 'just enough' mentality—just enough to pay the bills, just enough to get by. But if you’re going to be a successful trader, you need to expand your money consciousness. Think bigger! Envision yourself with more than enough. Prosperity loves a grand vision, so give it something to work with! See the Market as a Mirror Inspired by Rev Ike (yes, that’s me!) The market reflects your beliefs about money. If you believe money is hard to come by, you'll see scarcity in the market. If you believe in abundance, you'll find opportunities everywhere. So, start seeing the market as a mirror of your inner world and polish that mirror with thoughts of prosperity and abundance. So, beloved traders, remember this: money isn’t something you earn; it’s something you align with. Reset that paradigm, and you won’t just trade for money—you’ll attract it like a magnet! Trade Safe, TL Turner
Education
by TLTurnerTV
The REAL Bull-Market Has Yet To Come: Here's Proof!In this analysis I want to talk about the M2 Global Money Supply indicator. This indicator basically shows how much money there is in circulation and how much is being printed. The indicator itself is not that usefull since it's just going up (more money is printed over time). However, the rate at which money is printed is more interesting, hence I slapped an RSI indicator on top of it. As seen on the chart, the RSI of the Global M2 shows that Bitcoin tops around the time that the RSI tops. It's not accurate enough for day-trading, but at least useful for to detect long-term moves. The RSI of the Global M2 has always topped around the 70-75 points. It's currently sitting at 60.3, so there's quite some room left to grow (last time it took almost a year to go from 60 >75). Furthermore, we can see that the "real" bull-market or Hype Phase starts once the RSI is above 65 and continues to climb. In short, the "real" bull-market has not started yet and BTC has much more room to grow over the next 1-2 years. Happy to hear your thoughts on this analysis.
INDEX:BTCUSDLong
by FieryTrading
3