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SPWR Bull Breakout of Failed Wedge SPWR had a huge bull breakout of a failed wedge bear flag. When a wedge fails there is often a measured move based on the height of the wedge. Prices are also testing above the top of the bear breakout and sell climax of August 2016. However prices are still within a large trading range (always look left!). This increases the likelihood of heavy two sided trading to continue. However the next likely bull target is the middle of the converging triangle and bear breakout around 21.00 which is also around a measured move up based on the wedge. The buying pressure over the past year or so has been strong enough to make a larger second bull leg up likely. There are quite a few open bull gaps, the most recent being around 12.00 from this bull breakout. If the bulls are able to keep this or the 10.00 gap open it will increase the chances of a strong bull reversal and test of the upper trading range around 35.00. If you found this helpful please like! Feel free to comment or ask questions.
S
by tradersmentality
1
Gann Mathematics Trading working on USDJPY Discover the Profitable Mathematical Formula That Helps You Grow your Trading Account Fast - even if you only have a 25% Accuracy Rate **Spoiler Alert: this Math formula does not give you 100% Winning entries, but you can be profitable as long as it hits a 25% accuracy rate! ** Curious to know why? That's the magic of Mathematics, it’s a predictive science. A quick intro about myself. I graduated from the University of British Columbia (Canada) with an A+ in Mathematics, Statistics & Logic and a A in Economics, and not surprisingly, I see the world through the lens of math. The good news is, after 20 years of back AND FORWARD testing, I have found a simple, profitable and repeatable math pattern that I could see on a regular basis in the market - and you don’t need to be an advanced math geek to implement this in your trades. You may be wondering, behind every technical indicator was a very famous trader or mathematician. So, why is my repeatable math pattern work better? First off, it takes all the guesswork out. No room for any variables and ambiguities like MA, RSI, trendlines, Fibonacci ratio etc. Unlike all the indicators, the entry points are deduced from pure mathematics. You can’t interpret the entry signal in any other way. Let me give some examples. You can have different buy points using 14 vs 21-day Moving Average and 14 vs 10-period RSI; or you can connect a trendline from top A to another top B, but not Top C; for Fibonacci ratio, when it breaks 618, you wait for the turning points possibly at 768, 1.272, 1.618. My point is, there are lots of variables that create hesitation, frustrations and analysis paralysis when it comes to pulling the trigger on your trades. My unique math trading method, however, comes with a precise entry price down to 0.01. And for each price cycle, there is only one entry signal. Secondly, it works in any market and timeframe. What if I tell you the market movement is very much like the acceleration of all falling objects on earth? ( a=F/m=mg/m=g deduced from Isaac Newton’s Law of Gravitation). There is an implicit rule that guides the market movement, very much like Newton’s Law of Gravitation. That’s how I found this overlooked hidden pattern using mathematical calculations. And just like Newton’s Law of gravitation, the acceleration of all the falling object is the same and irrelevant of the mass of objects, you can apply the same principle to any trading charts and i.e. all financial assets. You can see the repeatable pattern right in front of your face on an intra-day, intra-week and longer-term level and in my experience, intra-week has the highest accuracy rate. My students have frequently spotted some 3-4 figure trades on an intra-day or week basis. Thirdly, it only takes a 25% winning rate to grow and scale your account quick. You may be wondering, how that’s possible? Here’s why. The repeatable pattern doesn’t only show you good and consistent entries that make you profits, let me pull back the curtain on this profitable trading formula: It helps you spot not only safe but quality entries - high reward low-risk opportunities. It allows you to set an ‘Effective Stop-Loss’ so you only risk ¼ of your target in any given trade. If you have one winning trade, the profit can cover 4 losers, meaning you can afford to lose 4 trades in a row. As such, as long as you are correct more than 25% of the time, your equity will keep growing. My Signal record has a 45%+ accuracy rate, so it almost doubles 25%! I am confident it is a Proven Method that can scale your trading account quick! Want to know how it works? Send us an email with the subject line: ”Math Trading TV” to khit(at)gannexplained(dot)com to get more details on how it works and more importantly help you to find repeatable patterns you can see and trade consistently in the stock, forex, crypto and commodities market.
Short
by trineaspectcom
The Hardest Part of Trading (What is rarely said)Seeking More information - When first introduced to markets, every beginner immediately thinks he must learn the rules of the market in order to succeed. He thinks he loses because he does not know enough. He initially believes there is a "holy grail" a system, a leader, or a mathematical equation like Fibonacci levels. He believes these will protect him in the market, and will lead him to a profit once he understands them. The problem is, there are no set rules which work consistently in the market. If there were, the institutions and everyone else would simply use them. What would happen then? Well, there would be no one or institution to take the opposite trade, and the market would cease to exist altogether. And so the new trader changes from one system to another, from one guru to another, and constantly thinks he must learn more information in order to succeed. What he believes to be preventing his success is a lack of knowledge, a lack of information. But you see, the more information you have does not necessarily lead to better decisions. There is a lot of evidence to support the contrary, and suggests that too many choices actually impair decision making skills. On top of this, most of the information in the trading world is quite simply wrong. There are 10 x more scam artists who claim to "know" and will take your money to teach you how to trade than there are profitable traders. Beware of anyone who claims to know anything. They are either fooling themselves, or fooling you. These people do not understand markets or them selves, and cannot make money in the market, so instead they prey on new market entrants. This is the primary reason I started my trading website; to provide high value information at a low cost. And to give those who are serious about trading an actual chance to make it in the markets, without ignoring a key variable; your self. Dealing with Uncertainty - The reason most traders seek new information is because they are afraid of uncertainty and want certainty. They seek something to protect them in the market. Something to protect them from themselves. A system that will guarantee a profit. But there is no such thing. Markets constantly change and evolve through the market cycle. And there is no system that works across all three parts of the market cycle. No matter how convinced you are of something happening in the market, there is always at least a 30-40% chance of the exact opposite happening. This means even the strongest edge has a failure rate. The sooner you realize and accept this, the closer you will be to making a consistent profit. It is very hard to learn how to deal with uncertainty. But you do it every day. When you wake up in the morning are you certain you will live through the end of the day? Are you certain you will still have a job tomorrow by working for a reputable company? No, and you can never be completely certain of this. Certainty is an illusion. There is no certainty in this life. The only certainty is... uncertainty! Patience and Discipline (Ability to Do Nothing) - Every profitable trader uses these two terms (patience and discipline) when asked how they are profitable. When a beginner hears this, he rarely understands what this means. Discipline means doing something even when you dont want to do it, or doing something you dont want to do. Patience means waiting for your turn, or waiting for something to happen. But we all want to trade right? Yes of course, that is what we do as traders. But having discipline means not trading when the trading is not good, even though you want to. And having patience means waiting for the good trading to return again. In other words, when the time is not right you must do nothing. If your edge is not present; there is no edge and no action to make. When the market is not offering what you want, or is confusing, you must develop the ability to wait, and do nothing until the time is right again. This idea of "doing nothing" stokes a fear in most people, especially in todays give me distractions, social media world. They say "Well what am i supposed to do if i am doing nothing?" Doing nothing seems contrary to getting what you want, getting somewhere. In and outside of the trading world everyone believes in order to be a "trader" you must trade - constantly. This is why most traders lose money. Because they do not understand that there is a time for doing absolutely nothing. And that time is most of the time! See more on understanding markets (Price Action Trading) and yourself (Trading Psychology)at my website below. If you found this helpful please like! Feel free to comment or ask questions.
Education
by tradersmentality
20
SYMC Volatile - Breakout Mode - Slight Bull AdvantageSYMC is at the bottom of a bull flag trading range and in the midst of an expanding triangle. Prices have been volatile the past two weeks, with gaps up and down. Both sides are fighting for follow through. The bulls have a slight advantage because we are near the bottom of a bull flag trading range. The bears need a strong breakout below the 16 higher low. There have been many bear attempts over the past year to break below, but so far have failed (tails). The bulls want a test of the all time high around 34, but need a breakout above the 26 level first. The bull follow through from the Jun 3 double bottom pullback was strong, with consecutive bars and bull gaps. The bulls will likely (60%) get some form of second leg up and test of the 24-26 level unless the bears get a strong breakout below the 18 support. There is always atleast a 40% chance of this happening, but until it does, it hasnt. To learn more about how to determine the directional probability and how to structure a trade based on this with a positive traders equation, please see below. If you found this helpful please like! Feel free to comment or ask questions.
SLong
by tradersmentality
TSLA 60% Bull ProbabilityTSLA reversed up from a failed bear breakout and sell climax. The bulls have closed the exhaustion gap and created several potential breakout gaps around 200. The bulls now have a 60% chance of creating a second leg up and test of the middle of the upper trading range around 300. The bears need a strong breakout below the 180 higher low. The probability of this is 40%. Once prices get back into the 260-360 trading range, prices will once again return to a 50/50 directional probability. If the bulls continue to get strong consecutive closes, and the bears do not get any strong selling pressure, the probability will slightly favor the bulls for a test of the high of the range. To learn more about how to determine the directional probability and how to create a trade based on this, please see below. If you found this helpful please like! Feel free to comment or ask questions.
NASDAQ:TSLALong
by tradersmentality
Bitcoin and scaling your betsHello, If you are like me and think $1,000 will be the bottom for bitcoin and want to start scaling in now in case the bottom is higher, here is how I recommend going about it... This is on my twitter, I am literally just going to ctrl+c and ctrl+v :) "Just explained this in the discord group, but here is some math for scaling into your trades following a martingale-ish strategy. Idea is to double your bets each time. 6 -$500 decrements left. That's n*2^6 = 100% of the capital you want in. n is 1.5625%. This means at 3500 you go 1.5% in, at 3000 you put in 3%, at 2500 you put in 6%, at 2000 you put in 12% and so on... sum of %s should be risk limit. This is a "preferable" way to scale in because at each level lower your risk is lowered and so deserves more capital allocation." Hope this helps, -YoungShkreli
COINBASE:BTCUSD
by CantorTechnologies
5
"You cannot grow fast unless trading penny stocks/crypto"I want to check some maths. Find a strategy with 90% winrate that works on 25-30 charts. Half trades are risk 100 to make 100 half are risk 100 to make 65 (2/3 minus spreads) There can be big winners, but we ignore them for the purpose of this, they are non predictable random (ok not entirely) and will be see as bonus. You get 4 wins and half a loss every week (a loss every 2 week) Week 1 risk X make 2 X + 2*0.65X - 0.5X = 2.3X Week 2 risk 0.5% of Week 1 profit. X2 = 1.15 * X The odds of getting 3 losses in a row are 0,1%, 4 losses in a row 0,01% After 3 months, on week 13 the total profit will be (P=2.3X) P + 1.15P + 1.15²P + ... 1.15^12P = P(1 + 1.15 + 1.15² + ... + 1.15^12) and the profit you make that week is 1.15^12 = 5.35P 1 + x + x2 + x3 + x4 + ... + xn = (1 - x^(n-1))/(1-x) So let's say you start risking 200$ per trade. On week 1 you make 2.3* = 460$ On week 13 at the end of 3 months you made (1 - 1.15^11)/(1-1.15) = 3.65/0.15 = 24,3 * 460 = 11000$ On week 13 alone on average your profit will be 1.15^12 * 460 = 2400$ After 6 months, on week 26 profit is 1.15^25 * 460 = 15000$ GG 90% winrate is what I have been getting these past 3 months COUNTING all my Oil losses and USDCNH trade against the trend with no RSI divergence (near guarenteed loss and I knew it would be one) AND looking at only 20 charts. I missed a few but yeah I get about 4 a week (more in April/May but I was making 5-30$ a trade except eurodollar sadface started really small and careful). Without all the troll losses I will be way higher (I have literally posted I wasn't sure about trades beforehand / was experimenting on most my losses). And I got some big winners (hi EURUSD AUDUSD) it wasn't 100 for 100 on average :} GG u can blow me dry with your penny stock trading struggler strategy turn $1000 into $100000 in a year. Hey Chris Dunn in his "how to invest your first 10,000$" video says 1 in a 1000 manages to grow big they are "the Hail Mary's" and no one should consider being able to do that. People (I think same guy too) also say they are a couple of success stories in the stock/penny stock market but nothing in FX it is impossible to grow there stories do not exist. Since it is what I have been doing for past 3 months WHILE HUNTING FOR BAD SETUPS AND LEARNING, and very likely keep doing, does this mean I am beyond Hail Mary? What am I? 1 in 10 million super godlike monster machine? :D Idk maybe 99.99% people are too plebish to do very basic multiplications. Brb going to watch some videos saying it is impossible to succeed to boost my ego, I have not been feeling superior latelly :(
Short
by MrRenev
Primecoin: But Wait... There's More! This is a risky one, dream big, play small, but it's an interesting concept. I guess I see opportunity where others see a dead horse. Supply is 21 million, the RSI doesn't match up neatly but every time it drops into oversold, especially in a cluster of 3, price eventually has a nice pop. Just be Patient. Looking at February or even next summer for a target. Again, super risky, rather illiquid, but if you like the fundamentals, it's not a bad time to nibble. If you never take risk, you will certainly never take profits.
XLong
by Piptocurrency
Update on the Brent Crude Murray Math lines (Support/Resistance)Brent Crude performed a massive increase in the past couple of days. The previous analysis is still valid, long positions are favorable as long as the price does not break the upward trend. The chart was updated with the different Murray Math price levels, which fits very well the price movements. I think that Brent Crude will rise further since the refineries along the Gulf Coast slowly resume normal operations.
TVC:UKOILLong
by UnknownUnicorn853132