Poker Hands Relating To Trading (((FTM APRIL 2022)One major similarity between poker and trading is that they both involve incomplete information. A poker player may have a strong hand, but he or she is still not 100% sure of what cards other opponents hold. The same thing applies to an investor/trader who may predict a good return but may not be 100% of it. So, decisions in poker and trading are often based on incomplete information.
Once the market has dealt the hands (provided us traders with information of market behaviour) we can play the hand, stronger the hand the higher the probability of the trade becomes.
How much do we want to risk ??
With due diligence, we need to know the EV+ ( Positive Expected Value) and RMultiple expectancy and with this information we can assume a 60-70% chance of making money and now its up to how much we are willing to risk on the trade.
Risk Management
Position size of £100 with a 10x leverage = £10.00 Risk Per Percentage
With a 2/1 RR, the Reward Per 2% = £20.00
Movingaveragepriceaction
Pure technical analysis quick and simple 📈Looks like we can open the bullish case.
Triangle formation has broken to the upper side
Re-Test of the triangle on the upside on Friday
Price above still above the 50 SMA
Short-term MAs are bullish aligned (17 EMA > 30 SMA > 50 SMA)
Could be a nice long setup. Valid on the daily and weekly timeframe. If the price drifts further down, I would see this setup invalidated.
TOTAL M.CAP ANALYSIS! BULLISH RALLY AHEAD!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this TOTAL market cap update. TOTAL M.CAP looks promising here.
Here are some reasons why I'm bullish:
1) Total M.cap is trading inside a rising channel in a 3-days time frame where it is forming HH and HL. After making a recent HL now it is ready to make a new HH.
2) It's breaking out from the falling wedge and looks like a retest is also done. After making a retest it gives the confirmation by making a green candle.
3) Holding above the purple line very accurately so far.
4) Holding the pink MA which is quite bullish.
Invalidation level:- If any candle closes below pink MA. Previously when it loses this MA market dumps 40-50%
What do you think about this?
Do you think we might see a bullish rally in upcoming months or do you think that a big dump is coming soon?
Share your views and ideas in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
BTC IMPORTANT 4-DAY ANALYSIS! Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC /USD update. Here I share with you a 4-day chart of BTC. The upcoming months will be bullish for BTC and I'm expecting it to reach around $60k-$70k in June or July.
Here I explain a few points why I'm expecting this:-
1) As you see in the chart BTC is moving between the two MA's. The yellow one is 100MA and the pink one is 166MA. You can clearly see how these two MA's works as strong support and resistance since the start of this year.
2) BTC is breaking out from a descending triangle and currently retesting the triangle. After this successful retest, I'm expecting a bullish wave. All we need is to break and close above 100 MA.
3) In the past two times we have seen a wick come to touch the pink MA and the price bounce immediately. So if this happens again then do not panic. We might see a wick to touch $37k to liquidate the high leverage longs and bounced immediately.
4) I'm expecting that the uptrend will start next week. Stay safe this week and do not use high leverage because we might see the last drop to $37k.
In short, the market going to explode soon. Be ready and accumulate good coins in the dip.
Invalidation level:- If any 4-day candle closes below the pink MA then this whole scenario becomes invalidated.
What do you think about this?
Do you think we might see the last drop to $37k and bounce or do you think that this bull run is over?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Ford seems to be finding a bottomFord Motor Company F
Areas of interest:
Consolidation:
1) $19-20.50
2) 17.52-18.59
Breakup at $21.50
Breakdown at $16.49
Recent overhead gap between $18.46-19.89
Reversal candles seem to be appearing in the lower consolidation zone (2) on the 3 day chart - almost looking like an inverted hammer but not enough wick to truly label them as such.
Indicators show us on the 3 DAY chart:
Currently trading below the 12 and 26 EMA
The 12 is above the 26 but appear to be attempting to cross soon if bears take control and push the stock price below consolidation 2 (listed above)
Currently trading above the 50 MA
The 50 MA recently has acted as support and seems to have help stabilize the stocks price into consolidation for the past 1.5 weeks of trading
Observations from a bull and bear side:
As a bull, I (obviously) want to see the 50 MA hold and to see divergence of the 12 and 26 EMA (to the upside) to shake any fears of a potential cross under (12 under 26). Recapturing $19 would be my first target. A break and hold of this level will signify an attempt by the buyers to send the price of Ford back to its consolidation zone. This is needed in order for Ford to breakout and create NEW structure. The previous attempt was rejected as the price moved too fast to levels not seen in 20 years. Remember, there is such thing as a 20 year bag holder. Employees, insiders, investors, retail, shorts, etc. A blue chip company like this needs to gradually climb, in stairstep manor, creating small consolidation periods where the market accepts small movements one at a time. That said, I would love to see Ford make use of its previous consolidation zone to prep for the next level. In my opinion, this would be $21.50-22.50.
As a bear, a break below the 50 MA while considering the breakdown level of $16.73 should be watched. A break below 16.49 would potentially send Ford down to it's PREVIOUS structure between $12.38-16.49. I want to highlight this only to prep for the potential this could happen -imo it is unlikely unless the entire market continues to slide further into a true recession/crash. For this fact alone, either selling covered calls at this breakdown level or buying puts would be a good way for Ford longs to fight against this scenario.
Most recent news - I will makes this as UNBIASED as possible:
1. (RUMOR) - "Ford is considering separating its electric vehicle business from its legacy operations, Bloomberg reported Friday."
www.thestreet.com
2. (Heavy Bullish Opinion Piece) - "The legacy automaker has copied from its great rival a method which makes it possible to have updated cars regularly and to reduce costs."
www.thestreet.com
3. (Bearish Facts, sorry Bulls) - "New Broncos Are Reportedly Sitting Undelivered Due to Chip Shortage"
www.roadandtrack.com
4. (Interesting way to approach safety) - "Ford’s latest road safety idea? In-car sounds of pedestrians and bike bells"
road.cc
5. (Counter to #1) - "“We have no plans to spin off our battery electric-vehicle business or our traditional ICE business.”
www.barrons.com
6. (Consumer Report top EV pick awarded to Ford) "Ford Mustang Mach-E Is Consumer Reports' EV Top Pick. The Tesla Model 3 won the award for the last two consecutive years."
insideevs.com
7. (DON'T count out NASCAR, man) www.nascar.com
8. (New turbocharged inline-4 SUV) - www.motorauthority.com
9. (Not sure how this will play out, probably BAD PR tbh) - "Ford says it's working with unvaccinated salaried employees before rolling out unpaid leave plan"
www.wxyz.com
10. (Ford building new plants) -
www.autonews.com
11. (Fords push to EV and battery solutions) - "Ford, Volvo join Redwood in EV battery recycling push in California" www.reuters.com
uptrend will continue,it may reach above 750 by the end of marchStock price above the 50-day moving average is usually considered bullish. Stock price below the 50-day moving average is usually considered bearish. If the price meets the 50 day SMA as support and bounces upwards, consider a long entry
How use Moving Averages A moving average can act as support or resistance. In an uptrend, a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure.
In an uptrend , a moving average may act as support; like a floor, the price hits the level and then starts to rise again. (1)
In a downtrend , a moving average may act as resistance; like a ceiling, the price hits the level and then starts to drop again.
Crossovers are one of the main moving average strategies.
Another strategy is to apply two moving averages to a chart: one longer and one shorter. When the shorter-term MA crosses above the longer-term MA, it's a buy signal, as it indicates that the trend is shifting up. This is known as a "golden cross." (2)
on the other side if the shorter-term MA crosses below the longer-term MA, it's a sell signal, as it indicates that the trend is shifting down. This is known as a "death cross."
The second type is a price crossover (3) which is when the price crosses above or below a moving average to signal a potential change in trend.
DAILY XAUUSD Moving Average Analysis Confirms Bullish Trend Moving Averages Strategies.
The simple moving average is probably the most basic form of technical analysis. Even hardcore fundamental guys will have a thing or two to say about the indicator.
A technical analyst must be careful to avoid analysis paralysis because there is an unlimited number of averages and time frames you can choose from.
Above is a play-by-play for using a moving average on a daily chart. In the Above Idea, we will cover staying on the right side of the trend after placing a long trade.
The "Fix" is juuuuust about in...SFIX Stitch Fix is one of my faves, and I am a customer as well. if you haven't tried it yet, I would definitely advise. Very nice service. Anyway, technically speaking I am looking for a repeat of history from the last time the 125 MA support was lost. Then it retraced back up to flirt with it as resistance until meeting its short term downtrend resistance intersection, then came back down for the glorious rebuy zone for the long. Shortly thereafter was liftoff. So, I went ahead and bought Aug 16th C27 today for this short, small move back to resistance. Then I will sell, and wait for the dip to my rebuy zone, at which point I will go ahead with a Dec call, most likely the 30 strike depending on what premium is at that time. In addition to above reasons, today officially filled the gap left from the last time it blasted off due to its earnings report, so we should be free now to move on up. Happy hunting and GLTA!!
Bitcoin Daily Update (day 253)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business.
My recent Bitcoin Bubble Comparison - 3 Day Chart led to the following calls: < $5,750 by 11/15/2018 & my prediction for the bottom is $2,718 by 1/20/19 | My Bitcoin Bubble Comparison - Monthly Chart closely mirrored my price and time targets | Calling for $35 ETH before the end of 2018.
Previous analysis / position: “Isn’t much room left for continued sideways action. Consolidation starts with a wide range and a lot of volatility . Big trends tend to start following a very tight range and lowvolume / volatility / Bollinger Band super squeeze.” / Short BTC from $6,354 | Short USDT:USD from 0.968 with order set at 0.97 to cover.
Patterns: Symmetrical Triangle
Horizontal support and resistance: S: $6,360 | R: $6,376 - $6,383
BTCUSDSHORTS: Daily dragonfly tells me that shorts should start increasing within the next 24 - 48 hours
Funding Rates: Longs pay shorts 0.01%
Short term trend (3 day MA): Price closed > 3 MA | Watching for resistance from 9 MA and 34 MA
Medium term trend (8 day MA): Angling up at $6,400
Long term trend ( 34 day MA): Angling down with price currently testing it
Overall trend: Long term trend is firmly bearish. Weekly candle closed below 3 MA which is below 9 MA which is below 34 MA. That is a fully bearish setup.
Volume: Pitiful
FIB’s: Using Oct 15th candle) 0.382 = $6,559 | 0.5 = $6,483 | 0.618 = $6,405 | 0.786 = $6,280
Candlestick analysis: Rally at the end of the day closed a bullish wick / dragonfly doji
Ichimoku Cloud: Price fell out of 4h cloud yesterday. Now it is right back inside of it.
TD’ Sequential: Daily r5 | W r1
Visible Range: Looking back to last November the high volume node is 2X all other nodes and sits at $6,154 - $6,789.
Price action: 24h: +0.34% | 2w: +1.73% | 1m: +3.6%
Bollinger Bands: Currently finding resistance from daily MA
Trendline: Phase 2 of hyperwave at $6,360
Daily Trend: chop
Fractals: Up: $6,564 | Down: $6,207
RSI: Overbought on 30 minute. Watching for bear div
Stochastic: Daily attempting to cross bullish. Weekly buy.
Summary: The weekly candle closing below the 3 MA is very important to me. That puts the weekly chart back into a fully bearish posture. It is strongly preferable to start your analysis with higher TF’s. I start with the weekly and zoom in from there.
The daily turned fully bearish a couple days ago triggering a full entry. Now that the higher TF is in agreeance I feel much more confident in my position.
I have been paying close attention to the 30 minute chart for intraday price movements. The price briefly broke out of the down trend that I drew in yesterday’s post. Then it found resistance from horizontals. The we sold off to $6,270 before creating a double bottom.
Now it is trying to from a bull flag and / or a Bulkowski Big W. However I am not falling for that myself. Instead I am paying close attention to the overbought RSI to see if we will get a divergence.
By this time tomorrow I expect to create a new low below the $6,270 low from today. The weekly buy signal is a bit concerning and is the strongest indication that I see showing a bullish continuation over the next week.
OMEX Long Opportunity Diamond/Cloud Breakout/Vol MovAvgExp CrossI have NO idea what the fundamentals are on this stock. I only know what I see here on the chart. I am an intermediate scalper/order-flow/tape-reading and technical analysis stock guy. OMEX caught my attention. I've been testing scanning and new ideas.
Moving average cross of the ~50 over the ~200. All aligned well with the trend aligned up. Ichimoku Breakout on the daily. Diamond pattern. Bull Flag. Bam! Highly manipulated at this level but the TA says what the TA says. It is also trading above long term price on volume. Check it out!
Volume could definitely move this.