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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.
TVC:USOILLong
by learnfromfailure
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
TVC:DXY
by learnfromfailure
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.
Long
by learnfromfailure
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.
SP:SPX
by TradeSelecter
5
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!"
NASDAQ:TSLAEducation
by CRYPTOMOJO_TA
7