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Jesselivermore

Platinum LONG TERM analysisLong term TA on PL1! 1) Shorter term expectations/price target 2) Relationship to gold and silver 3)Longer term patterns and eventual price targets on a yearly timeframe. Sorry if this was longwinded. Will begin to post weekly updates so consider this a comprehensive analysis to precede, shorter, brief, weekly analyses. Feedback is recommended, please enjoy - I hope somebody can get something from this and I can learn as well with feedback. Future videos will include actual trades with entries and near term targets. Feel free to let me know how helpful/unhelpful this might have been. GTTA
NYMEX:PL1!Long
by Commodity_TA_Plus
Really as Simple as it seems- Very simple case for NG bulls on a long (2-5 year) basis. Macro trend simplified with nothing more than trendlines - Shorter term bear play will be described in another post - NG appears to be making a Jesse Livermore accumulation megaphone pattern as it did in the 90s/2000s 1) red long term downtrend line broken to the upside and retested beautifully. 2) weekly chart shows higher highs and higher lows beginning to develop on a longer time frame after the nasty drop from 2021 highs to lows which bottomed in the 2$ vicinity. 3) Shorter term black trendline still providing resistance upon the 3rd test. Confirmation of a breakout here is yet to be seen (this was where the short play revolves around) 4) major resistance around the upper red horizontal line at roughly 3.19. Lesser resistance just below red horizontal line. Conclusion: NG has been and continues to be extremely cheap historically. As NG resolves these resistance zones it appears a 1-2-3-4-5-6-7-8 megaphone pattern will generate as NG eventually reaches the 12-14$ area within the next few years. Natural Gas expected to tag lower trendline and upper trendline of megaphone pattern accordingly with seasonality and resistance levels along the way. Volatility is expected as the cylinder widens and price action becomes more erratic, though long term, the trend is bullish, but the Widowmaker is not for the faint of heart. Scaling in, and buying near lower trendline tags is likely most likely to increase probability of maximum profit.
CAPITALCOM:NATURALGASLong
by Commodity_TA_Plus
Stock Market Logic Series #10Do you think the above is a coincidence? There are no coincidences in life - only cause and effect. You are where you are because of a cause that is bound to physical and natural laws. The same pressure of physics that works on the airplane wing, or the balloon that wants to push its way up when pressed into water (pool), also works in the stock market. You just have to KNOW how to SEE it. follow my explanation. If you follow the price action, you can see clearly where the high-pressure volume comes in, you can't miss it. It is obviously seen. Then you need to wait for the correction, and you want to see that the correction is demonstrating a low-volume pressure behavior. When you see this low volume pressure behavior, the stock has DRIED UP. This DRYING-UP effect is a key indicator of a probable future LIFT and stock movement. You want to ask yourself the question: Why the stock is not falling down anymore? The question of "WHY" is searching for the cause BEHIND the stock movement. The stock movement is only the effect! In previous posts, I explained the other LOGIC behind this pattern, and explained why the price should not fall down and with a high probability of going up. If you read any of the books of Jesse Livermore, he clearly states that you need to "KNOW" that the stock will move your way, first let the market "SHOW YOU" exactly what will happen, and only then you put in a trade. The KEY CONCEPT in this idea is the DRYING UP OF VOLUME. When you understand the WHY behind the stock movement, buying and selling are emotionless. The focus should be only a trading setups that you "KNOW" it is highly probable to move in your expected trade direction. You "KNOW" because you have stock market LOGIC to back it up. If you want a specific post about Jesse Livermore's trading rules, let me know in the comments. It is always important to make sure that you have the correct perspective on the stock market, otherwise, you get confused. There is only at every given time only ONE side to the market as Jesse Livermore said, "The RIGHT SIDE". This goes back to my idea, that at every given time the puppet master ONLY buys or sells but NOT BOTH.
NASDAQ:POETEducation
by ZoharCho
📖 Jesse Livermore famouse Quotes 📖Jesse Livermore famous quotes: “Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader.” - Jesse Lauriston Livermore. “There is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again.” - Jesse Lauriston Livermore. “He will risk half his fortune in the stock market with less reflection than he devotes to the selection of a medium-priced automobile.” - Jesse Lauriston Livermore. “Losing money is the least of my troubles. A loss never troubles me after I take it. I forget it overnight...” - Jesse Lauriston Livermore. “Profits always take care of themselves but losses never do.” - Jesse Lauriston Livermore. “Go long when stocks reach a new high. Sell short when they reach a new low.” - Jesse Lauriston Livermore. “It is not good to be too curious about all the reasons behind price movements.” - Jesse Lauriston Livermore. 🚀 Follow profile for more! 🚀
Editors' picks
Education
by InvestMate
26
Recap: Since Sunday I gave 80+ pts. out of 110 pts total move.The tape was clear, the price wanted to go up. You can see al prediction tweeted in the charts. I was not ready to trade because I have some things to do out of home, I just gave my targets, but when I get back I saw the markets conditions and I just could not resist and I enter long at 4468 and close my last contract at 4500. As some point during the day I was red when it went down from 4487 to 65 or so, but I was convinced it was a pull back to get strength to continue to 4500 as it did.
CME_MINI:ESH2022
by wolf_488
XRP and the Legendary Jesse LivermoreToday we are going to discuss the Livermore Cylinder an accumulation patter first identified by Jesse Livermore a Legend in the trading industry as he for the most part is the reason we are all here today doing TA. You will get a little history, a little TA knowledge, a nice chart to help with your DD and some education on the fundamentals of this accumulation pattern. Jesse Lauriston Livermore ( July 26, 1877 – November 28, 1940 ) was a US based stock trader who was a pioneer in the early days of massive market manipulation, little rules and wild west every operator for themselves days. From my readings of Jesse and Richard Wyckoff (my two favorite historical traders) it was crazy times back then and order needed to be created to help the average trader like you and myself have an edge on the game. Thus these two traders pioneered many techniques that we still use today. One of those techniques is the Livermore Cylinder accumulation pattern which basses a large wave breakout of "Stock A" on wave 8 after a long accumulation period. As you can see on the chart I have laid out for you, the accumulation matches perfectly aside from the black swan event that came about when the SEC filled suit against Ripple Labs for selling an unregistered stock on December 22 2020. This trading pattern is defined by a cylinder shaped accumulation and further confirmed by the volume relating to the accumulation of the asset. To depict the volume of the accumulation I choose to use the Weis Wave Volume indicator by @LazyBear as it best illustrates the accumulation and distribution visually with the waves better then the traditional volume indicator for this specific pattern. As you can see in the sketch note on "Example A" on the chart titled "Livermore's Speculative Chart" you will see the diagram drawn by Jesse Livermore depicting the accumulation of each move and the volume behind these moves. In wave 1 you will notice a small volume spike showing that buying pressure is starting to increase as well as at the top of wave 2. Wave 3 shows a sell off as the volume decreases but the accumulation continues into wave 4 which is a high accumulation volume and increase in price action. Wave 5 presents the black swan event of the SEC lawsuit against Ripple Labs causing a sell off which matches the volume indication on wave 5 but, the price action slightly pops out of the Livermore cylinder which is ok as it leveled back out after the cooling off period from the lawsuit. Still though presenting an increase in selling volume as the price then started to increase into wave 6. After wave 6 we experienced the sell of that has us to the current price of today and completing wave 7. Per the rules to this accumulation wave 8 will present a large increase in buying volume as well as a swift increase to price action raising the asset up quickly and most likely creating a large blow off top before heading onto to waves 9,10,11,12,13,14 and 15 which would complete this accumulation patter and bring it back down to most likely be the end of this current bull run. I will update along the way. I hope you folks have a very GREEN year ahead in 2022. Tell me something that you learned from your trading endeavors in 2021, lessons, mistakes you learned from or some education that you would like to share with the community in the comments below! Savvy
Long
by Savvythe1
4
PLG to $14 in Nov to gain over 4x? Accumulation Cylinder Hello. I have been watching PLG for sometime now and it seems we have reached a possibly strong inflection point. We have a double back test from previous resistance. One long term finding support from previous bottom resistance Another short term indicating another possible reversal. RSI is showing momentum is about to break the current downward trend Current correction is testing the lower edge of the channel. Estimating that around November 12 we will see PLG at around $14 for a +4x gain. Using Gann Fan and Jesse Livermore Accumulation Cylinder from previous bump and run This chart is full of good historic data showing strong potential for quick gains
AMEX:PLGLong
by KondrackiKarl
Bitcoin Important levels to watch 💥 Hello trading army I hope everyone is doing good and taking care of themselves 😇 Today let's talk about the Giant itself Bitcoin the great Bitcoin is currently trading in Uptrend on 4hr timeframe, price action wise trend is looking good but only concern I have is volumes are missing 🧐 volumes play very important role in trend and they should not be ignored. okay now lets talk about the levels , major support for bitcoin is currently at 55753 to 55400 zone. if bitcoin's break this we can expect change in trend and another leg down till 52800-52400 If you want to participate in current trend look for entry above 59000 , or you can add on pullbacks on trendline Thats all from my side thank you 😇
BITSTAMP:BTCUSD
by divineswaroopa
2
DIA/USDT printing Livermore"s accumulation cylinder 💥Hello tradingview army, I hope everyone is doing good and taking care of themselves 😇 Lets talk about DIA/USDT today, As you can see in the chart DIA is trading in broadening wedge which is nothing but Accumulation cylinder of legendary trader jesse livermore Right now price is in a accumulation zone , if price go as a pattern we will able to see a massive parabolic rally in DIA/USDT. Thats all from my side , thank you !!!
by divineswaroopa
1
Dent to the moon ?Dent looks like accumulation at supply zone going on, volume profile at fixed range also suggest the same , as the POC( point of control ) also comes at same level , looks like weak hands are getting exchanged with strong ones . volume study shows that with increase in price volume also increased which is bullish sign , now when price is consolidating volume is dried up this is also bullish sign this type of dried up volume in higher high market structure is called bullish accumulation volume .
Long
by divineswaroopa
Watch your GOLD!Wanted to pay attention to the gold position at the moment. As you can see on the chart, there is a difference between a clean breakout VS, not a clean breakout. In Jesse Livermore terms: Clean breakout = "The stock is acting right" Not clean breakout = "The stock is Not acting right" ===> WARNING SIGNAL according to Livermore system --> you need to watch the market closely. ------------------- There is a possibility of a much bigger correction than you think. Keep eye on it.
OANDA:XAUUSD
by ZoharCho
1
Average Up as a Trading StrategyThe average up strategy provides Huge wins, Small losses and Risk minimized. Use RANGE-CHART for this, so you could see the Buy setups more easily with less noise or time distortion. First You look for a buy setup, one that you believe that price should move rapidly from your starting buy point (you expect ab big relative move). Second You add up position. Every trader should use his own risk management based on his account size and what he is comfortable with, BUT... The position units you add have to be in the SAME SIZE! If they are not in the same size, the break-even point will not move up as I showed in the chart. Side note: experience traders can play with the portions of the positions, so they can manipulate the break-even point as they wish... In the first case on the chart (the idea was wrong), the position stopped out with 3 units of loss. In the second case on the chart (the idea was right), the price from a certain point moved away from the break-even point, which means that you were GREEN the whole time in the trade (when you had a relatively big position). You had "AIR" to hold this huge position. Many great traders used the average-up strategy: Jesse Livermore, Richard Wyckoff, Nicolas Darvas. If you are right, you are right in the biggest position possible => you have a huge win of 45 UNITS. if you are wrong, you are wrong in the small position => you have a small loss of 3 UNITS. --------------------------------------------------------------------------------------------------------------------------- Bottom-line profit => 42 UNITS of profit $$$$ If you like this educational, let me know in the comments, and like it, so it will be saved on your liked ideas.
NASDAQ:NVDAEducation
by ZoharCho
7