CRUDE OIL PRICE ACTION I have marked the zone above which I am becoming bullish and expect testing at least POC of the same range and daily 89.30.
After filling the gap we got a strong reaction.
We are currently above 50 daily MA, above VAL and closing today we get a bullish divergence on the weekly RSI.
We are monitoring the price and if they show weakness, I do not rule out the possibility that there will not be a test of $80
USA has also begun to use its reserves, which are currently at a minimum.
Investing
DXY HOW I LOOK AT THIS CHART The last two analyzes that I will mark below showed that I was bearish below the weekly level. After that, a bullish divergence appeared and the shorts were manipulated.
Therefore, this zone was retested and if it is only 1 hour of the saint, we got a strong reaction. Zones that I watch, below the weekly level 106 - bearish, the last price for me.
Above closing if possible daily 106.7 for me the door is open for 108 and the deviation is not yet confirmed.
Below, see my predictions since the beginning of this manipulation
BITCOIN IDEA FOR LONG After rejection of 100 and 200 DMA for the second time, at the same time they were at the same price weekly and daily level at 27980.
The zone I marked is supported by a daily level, two weekly levels, a monthly level and a Fibonacci level of 0.618.
Above that zone we have the fibonacci level of 0.382, which is at the same price as the daily level, below the 0.5 fibonacci level, below which the 50DMA occurs.
Wait for the setup, if the price appears before this zone, try long.
MMTC - Long Term Investment Opportunity. Potential Multibagger. MMTC - Long Term Investment Opportunity. Potential Multibagger. Consolidated for 10+ years, Financials are improving, Reduced debt over years, improving free cash flaw & Cash and equivalents. Important levels - Stop loss and targets are shown on the chart.
#multibagger #investing #wealth #stocks #sharemarket.
S&P 500 Daily Chart Analysis For Week of Oct 13, 2023Technical Analysis and Outlook:
The Spooz index price exceeded our previous Mean Resistance point of 4336 and closed at the location of a notable event. The recent downward trend suggests that the Mean Support level of 4294 may be reached, with a possibility of extending to the Mean Support of 4228 or even the next Inner Index Dip at 4150. If the index finds support at 4294, it may move up to the newly established Mean Resistance at 4378.
EUR/USD Daily Chart Analysis For Week of Oct 13, 2023Technical Analysis and Outlook:
As our analysis of the EUR/USD daily chart for the week of October 6 indicated, the Eurodollar hit our mean resistance level of 1.062 a few times and is drifting lower toward the mean support level of 1.047. The price may rebound strongly from this zone of upcoming week price action.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 13, 2023Technical Analysis and Outlook:
This week, the coin remained within the Mean Resistance of 28000 and drifted down to a Mean Support of 26900. It is heading toward testing the next level of Mean Support, 26200, and could extend to the additional Mean Support level of 25100. However, in the meantime, the upside rebound to Mean Res 27400 is highly probable.
DXY NEW MACRO ANALYSISClosing of the day or week below or above this level will determine the DXY movement.
Before this jump in the last analysis, I wrote that divergences were formed and that dxy should now jump.
News along with divergences pushed the price.
If the price keeps this level, the expectation is 108, as was the plan all this time, but we will see what the price shows
DXY NEW WEEKLY LEVEL In the last analysis, we expected 108 final peak, but also below the level of 106,200 is bearish. With what we see now, we got a new weekly level and currently higher probabilities show that we are going into a correction.
Things to watch eurusd and spx primarily.
Closing above this level cancels this setup.
You can check below my opinion about DXY
Volatility Breakout Trading Explained"Welcome to a fascinating journey into the world of trading with the Volatility Breakout Strategy – a method that offers you a glimpse into the wisdom of legendary trader Larry Williams. In this comprehensive guide, we'll unravel the strategy's intricacies step by step, giving you the tools to incorporate it into your own trading style.
Disclaimer: Before we dive in, a word of caution. This is not financial advice. It's designed for educational and entertainment purposes only. Your investment decisions should always be made with due diligence, and you bear the responsibility for any profits or losses incurred. Trade and invest wisely.
The Volatility Breakout Strategy
This time-tested strategy, crafted by the legendary Larry Williams, centers around the idea that trends tend to persist. In other words, what goes up often continues its ascent. The beauty of this strategy lies in its simplicity:
Strategy Breakdown:
Range Calculation: Begin by calculating the range, which is the difference between the daily high and low prices (Range = High - Low).
Base Price: Determine the base price or entry price for the next day. It's calculated as the previous day's candle close plus a constant multiplier (K) times the range. Typically, K hovers around 0.6 to account for market noise.
Entry Signal: If the current day's price surpasses the calculated base price, it's your signal to enter a position.
Exit: The following day, sell all your positions at the market's open price.
Let's Illustrate with an Example:
Consider an asset with a daily range of $100. Calculating the base price gives us $1020. If the asset's price surpasses $1020 on the second day, you buy and ride the momentum. On the third day, you sell all positions at the market open. If the price reaches $1100 on the third day, that's a remarkable 7.84% return. Even if it retraces to $1000 at the opening, you still incur only a 1.96% loss. This showcases not just an attractive risk/reward ratio but also a statistical edge thanks to following the trend.
Strengths of the Volatility Breakout Strategy:
This strategy's strengths lie in its ability to sidestep the emotional rollercoaster of market psychology. By focusing on volatility and executing short-term trades with precise entry and exit points, it enables traders to tune out market noise. Trends, which reflect market psychology, become our allies rather than foes. Unlike reversal strategies, this approach provides a statistical edge and an appealing risk/reward ratio.
Conclusion:
While applying this strategy directly in today's markets may require some adjustments, understanding how legendary traders like Larry Williams approached the market is invaluable. The key takeaway is to remove emotion from your trading equation, maintain strict rules, and define clear invalidation points. These principles are fundamental to finding success in the dynamic world of trading.
If you found this educational post insightful and engaging, don't forget to hit that like button and follow for more high-quality content. Feel free to share your thoughts and questions below—let's navigate the exciting world of trading together!"
The Squid Game Shows Why Most People Fail to Profit from Trading"Squid Game, the sensational Netflix series that has taken the world by storm, offers a gripping mirror to human psychology, reflecting the intricate dance of emotions and decisions that we often encounter in the world of finance. Just as unsuspecting individuals are lured into the deadly games by the enigmatic subway stranger, many novice investors are drawn into the stock market by tales of friends striking it rich, often diving in headfirst without a hint of the rules of the game.
It's a rollercoaster ride from beginner's luck to the perilous cliffs of attribution bias. Beginner's luck, that elusive phenomenon where newcomers seem to outshine the experts, can be an enticing trap. It leads to overconfidence, a misplaced faith in gut feelings, and an overzealous desire to trade that often ends up costing a small fortune in fees. These overconfident traders become engrossed in their own world, neglecting the wisdom of statistics and putting all their eggs in a single, precarious basket.
Attribution bias, another insidious cognitive bias, rears its head as traders concoct explanations for their successes and failures. Profit? They're geniuses with uncanny foresight. Loss? Blame it on market conditions or mere bad luck. The mind constantly seeks excuses for every twist and turn.
Even great minds like Isaac Newton, who could unravel the mysteries of the cosmos, fell victim to the madness of financial markets, a glaring example of attribution bias in action.
In Squid Game, the players, after witnessing horrifying tragedies during 'Red Light Green Light,' are given a choice to continue playing or not. Overconfidence and attribution bias grip the survivors as they believe they are destined for victory, much like many traders who cling to the belief that improbable outcomes are within their grasp.
Mob psychology and the bandwagon effect rear their heads in the story, too. The players form alliances and teams based on earlier factions, mirroring the tendencies of investors to follow the crowd rather than adhere to their own strategies and analyses. Panic buying, selling frenzies, and susceptibility to pump-and-dump schemes ensue.
In the financial world, these psychological phenomena can lead us astray, costing us dearly. But unlike the brutal Squid Game, financial markets aren't a zero-sum game. With a solid understanding of market characteristics, rules, and diligent research, you can gain a statistical edge. As a trader, I'd argue that technical knowledge accounts for less than 5% of the equation; it's all about mastering your cognitive biases and maintaining emotional control.
So, just as the surviving players in Squid Game strive to outlast their competition, investors and traders should strive to outsmart their own psychological pitfalls. In the end, success in the market isn't about luck but about mastering the intricacies of the human mind in a complex financial world.
If you found this insightful, don't forget to like and follow for more quality content! Feel free to share your thoughts and questions below—let's navigate this financial journey together!"
This chart is inspired by @Michael_Wang_Official
DXY UPDATEIn my last analysis below I said that I would not short DXY yet, only if it is around 106 , now I give a higher probability that DXY will try 108. WHY?
Everyone sees that this movement is nearing its end, some have already lost money because they were short before , after that - deviation, then downward movement.
When that happens, I think it will reach the last relief of this year with SPX, GOLD, BTC, and other assets.
Great chartChart and fundamental very best stock for investment
Consider for portfolio stock
My Target is 7450 stoploss and 9500 Target
Israel war so be careful may be stock market bearish so take own risk no recommendation for buy and sell
No recommendation from me for buy or sell
Take own analysis
S&P 500 Daily Chart Analysis For Week of Oct 6, 2023Technical Analysis and Outlook:
The index's downward trend this week kicked on the seat of the pants of our projected target, Inner Index Dip 4212, repeatedly. Mean Res 4340 and even extend to Mean Res 4400 on the radar for the upcoming week's trading action; however, reignited Pivotal Down Move from Mean Res 4400 could weed out weak trading trawlers.
EUR/USD Daily Chart Analysis For Week of Oct 6, 2023Technical Analysis and Outlook:
The Eurodollar has tested the Outer Currency Dip of 1.050 multiple times. It has risen during this week's trading session, as our EUR/USD Daily Chart Analysis for the Week of September 29 indicated: For the upcoming week, the up target is Mean Res 1.062, and on the downside the Mean Sup 1.050 and completed Outer Currency Dip of 1.050.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 6, 2023Technical Analysis and Outlook:
As stated in the Bitcoin Daily Chart Analysis for the Week of September 29, the upward trend continued throughout the week's trading. Presently, the cryptocurrency is prepping for a surge towards Inner Coin Rally 29300, which will be followed by a decline to 28000.
AUDCAD - Are we in 2006?Taking a look on how this pair trades led me to find similar patterns in the past that we may be going through in the charts today.
Market moves labeled from W - Z showing approximately where we stand.
Based off what we see this would be a signal to mainly look for long positions over shorts in the long run.
As we creep into 2024 this gives us a quick bull run into 2025 anticipating future downdraw.
This would put us in a sideways market like shown around the '06 - '09 years.
With this data you can match your research to add confluence in your investment strategy, trade ideas, and much more.
*Not Financial Advice - DYDD*