WHY THE RICH GET RICHER
The general trend, in a capitalist economy governed by private property, would be for the rich to get richer—for inequality to increase steadily over time. That had been true in the initial stages of industrialization and remains the fact nowadays.
One reason: The wealthiest 1 percent put three-quarters of their savings into investment assets. By contrast, the middle class had 63 percent of their assets tied up in their homes, with home equity accounting for about a third since they have large mortgage debt.
The differences reflect the greater share of high-yield investment assets like stocks in the portfolios of the rich and the greater share of housing in the portfolio of the middle class.
Of course, the rich can afford to lose more—so they can take more risks and make more when times are good. But the lesson is clear: the wealth gap is caused in large part by the investment gap.
Some other psychological reasons should be considered as well, they are nicely reflected on the chart above, so spend some time to examine that.
Poor
Shiba ....🐶 Rich Dad poor Dad ....Robert Kiyosaki: The time has come to buy digital currency! Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, says the end of fake money is here, after predicting the biggest bull market in world history. The acclaimed author tweeted some lessons for investors on Thursday. , I mentioned 3 lessons of rich dad: Your home is not an asset. Savings are losers. The rich don't work for money. Kiyosaki has repeatedly warned that the biggest crash in the history of the world is coming. In April, he said all markets were falling. He has constantly urged his subscribers to buy cryptocurrency now before the biggest crash in world history. This famous author has been waiting for these days for months.
We know what is going on.That's the attack on middle-class to make them poor. So many consequences incoming with that market behavior...
Secure your wealth !
Poor Reversals GuidePoor Reversals Indicator
This indicator finds Poor Reversals. Poor reversals are reversals in price with consecutive highs or lows that are close together. Look for the different types of highs and lows. Some say candle patterns don't matter, but they forget it's the orderflow that makes the pattern. Find poor, tweezer , and 1 tic rejections and study what happens next. We don't need to read the depth of market to see what the orderflow is saying. They are called poor because the auction didn't run its course. It didn't continue the direction until all activity in that direction was exhausted. Proper reversals create excess. Excess is a long tail/wick. A proper reversal leaves a long tailed excess unfilled.
The different highs and lows give clues to what kind of orderflow happened there. The difference between them is which high or low happened first. Price does often come back to these areas and clears them up with a proper reversal. We can see them on all timeframes. Knowing what they mean in the orderflow helps with reading charts.
The Poor Reversals are:
Poor
1 Tick Rejection
Tweezer
When looking at 2 bars that have very close high or lows, there are a few different types. They are each poor and can be further defined as each are price action clues.
If next low is higher, it's a poor low
If next low is lower, it's 1 tic rejection
If next low is equal, it's tweezer bottom
If next high is lower, it's a poor low
If next high is higher it's 1 tic rejection
If next high is equal it's tweezer top
Poor Highs and Lows:
The high or low comes first. The next bar does not go past it. Poor highs and lows are often created from price exhaustions. This means at poor highs buyers are trapped. At poor lows sellers are trapped. Price ran out of steam to continue in that direction. There wasn't enough activity/participation to continue the auction in that direction.
Poor lows are defined when 2 lows are very close, and the 1st bar is lower. The 2nd comes very close to a new low. It happens most when shorts, at the moment, "run out of steam". They were "too aggressive" and got themselves "short in the hole". When a poor low is made, price will bounce because shorts are buying to protect profits.
Poor highs are defined when 2 highs are very close. The 1st bar is higher. The 2nd comes very close to a new high. It happens most when longs, at the moment, "run out of steam". They were "too aggressive" and got themselves "long in the tooth". When a poor high is made, price will pullback because longs are selling to protect profits.
1 Tick Rejections:
The high or low comes last. The last bar goes just a little bit beyond the first bar. A "1 tic rejection" happens when a new low is made and quickly rejects. The name is misleading. It doesn't have to be "1 tic". Different markets have different measurements. For ES, it's less than 8 tics. For NQ, it's about 5-20 points. It varies depending on relative market volatility .
1 Tick highs are defined when 2 highs are very close, and the 1st high is lower. The second high is a small peek above. This happens when longs are aggressive and drive price up. Price makes a newer high and longs rapidly start taking profits. Their selling activity drives price lower. In the orderflow, longs likely closed at the same time new shorts sell. This competition to sell drives price lower. At the high, it says longs saw it wouldn't go higher and they took rapid exit.
1 Tick lows are defined when 2 lows are very close, and the 1st low is higher. The second low is a small peek below. This happens when shorts are aggressive and drive price down. Price makes a newer low and shorts rapidly start taking profits. Their buying activity drives price higher. In the orderflow, shorts likely closed at the same time new longs buy. This competition to buy drives price higher. At the low, it says shorts saw it wouldn't go lower and they took rapid exit.
Tweezer Tops and Bottoms
The highs or lows of the bars are equal. Tweezers most often mean that an aggressive trader is influencing price. They drove price in one direction and then quickly reversed sentiment. Tweezers most often happen in stop hunts. An aggressive trader found where the stops were located and then entered an aggressive order to turn the market.
Tweezer Tops are defined when 2 highs are equal. The first bar sets the high. The second bar matches the high. This happens when there is an active seller entering. It could be simple profit taking from longs or new aggressive shorts. In price action, price will move up to find short stops. When the stops are found, the market reverses sharply lower.
Tweezer Bottoms are defined when 2 lows are equal. The first bar sets the low. The second bar matches the low. This happens when there is an active buyer entering. It could be simple profit taking from shorts or new aggressive longs. In price action, price will move down to find long stops. When the stops are found, the market reverses sharply higher.
Poor Reversals can be Poor, 1 Tick Rejections, or Tweezers. They are all considered poor and upon further investigation we can see they are created from different conditions in the orderflow. They are not called Poor Reversals because they are weak. They are called poor because of the action that happened there. One side got caught in a bad position. Other sharks in the market smelled blood and ripped them apart.
This indicator is a work in process. While the concepts are great for real time trading, this indicator is not designed to be used in real time trading. It will repaint based on the bar close. The purpose of this indicator is to train our brains to see these nuances on candle charts. Some say candle patterns don't matter, but they forget it's the orderflow that makes the pattern. We must make split second decisions and knowing the context behind the orderflow reduces response time. These poor reversals don't have to retest, and the best ones won't come back. I use these concepts to find exits, where my trades might be wrong, confirmation I'm on the right side. It's amazing how these simple nuances can turn the markets. But sure enough, they do. Check them out in all time frames.
It's a fun indicator to play with. Some markets do require tweaks to the “Ticks” setting. Too big and charts will be noisy. Too low and not much will show up. A general rule of thumb is more volatile markets need higher tick values while less volatile need lower Tick values. Higher timeframes are also more reliable than lower time frames. I've included some customizable settings and I plan on adding more in the future. Enjoy!
Why The Rich Get Richer. It Is Your CHOICE
What is the difference between the rich vs poor mindset? How do the successful differ from the rest of us?
So many people do not obtain financial freedom because they do not have one thing: the right mindset . Everything starts with how you think about money, wealth, and success. It is not a matter of luck, birth, or connections.
The biggest differences between rich and poor people can be traced back to mindset, outlook, and behavior. The rich and the poor don’t only differ in how much they have in their pocket, but also in how they think. Rich people have a way of thinking that is different from poor and middle-class people.
They think differently about money, wealth, themselves, other people, and life . By doing so, you will have some alternative beliefs in your mind from which to choose. In this way, you can catch yourself thinking as poor people do and quickly switch over to how rich people think.
A positive attitude , focusing on doing the right thing overlooking good, becoming a continual learner and careful risk management are all differences between the rich and poor. This reduces their odds of becoming poor after disaster strikes, and it helps them achieve their financial goals over the long-term.
A rich mindset will tell you to be self-sufficient & build multiple streams of income. It will tell you to build a team of smarter people than you to leverage the efforts of talented people. The mindset of the rich is the most decisive reason why “the rich keep getting richer, while the poor get poorer.” Bill Gates has been quoted as saying, “If we weren't still hiring great people and pushing ahead at full speed, it would be easy to fall behind and become some mediocre company.”
So, which mindset do you have?
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When VES, ZWT Crushes, BTC GAIN. How BTC surge on global poorThe main driver of BTC surge is a Zimabawe, Venezuela currency crush. This is a trending and tricky situation making investing in BTC more dangerous.
Nevertheless, a further collapse of world currencies due to the crisis could trigger new large purchases of BTC. The recovery of currencies or the speculation of large investors on BTC can lead to a strong collapse of cryptocurrencies, since sooner or later they will fix the profits obtained using an external driver.
EGLDUSDT E-GOLD SEEMS VERY INTERESITNG FOR PROFFESIONAL TRADERS Thats a great news! in trading is better to have interest than not having it! egld has in the eye all proffesional traders and huge companies observing it and in the last weeks manipulating prices to get it down. we see that when egld has good news in the terms of development, this traders put huge selling orders so they are bottoming the price and making domestic investors loosing interest in egld. this has a rich and a poor thinking. ther poor thinking says: damn it! i am losing my money here!. the rich thought says.....something is going to happen big money its about to come. what kind of thinking do you have? :) best regards to all followers
TSLA monthly hints at new alltime highsThis is an extremely simple observation:
Every time the monthly stoch RSI went to 100, so full overbought, we saw new alltime highs.
Quite simple!
That was already twice the case, and I think it will happen again now.
TSLA is on a brutal run, I by the way also called the bottom back in may, it was pretty clear back then that this was a huge trap for poor shorters:
So yes, chartwise this is pretty simple.
But the fundamentals also confirm this:
Gigafactory 3 finished, Model 3 production started there.
Maybe extension of EV rebates.
Gigafactory 4 near Berlin starts in being built in Jan 2020.
Growth, expansion, growth on all fronts.
Dow Jones Next Great Depression Sell SignalMoney is created by dept and dept equals money. Near Alltime High For Dow Jones, it’s time to sell and buy the dip. When there’s blood in the atreets, it’s time to buy. Until then sell everything, save your money and wait for a historical event. This will be the worst Great Depression ever maybe wordwide.
I have an alternative, buy cryptocurrency. I recommend $INS Insolar Available at Binance exchange.
Dow Jones Future Great Depression Soon And SellTarget Alltime High Or Dump! Like, comment, share. I need points to comment in chatrooms.
BTC VS USDT BITCOIN BINANCE ENTRY ALERT OR FALSE?Target Alltime High Or Dump! Like, comment, share. I need points to comment in chatrooms.
Dow Jones Industrial Average 25,886.01 & Future Great DepressionThe Market Grows With Debt & Debt Equals Money. This crash will bring a new Great Depression! Like, Comment, Share & Sell!
S&P 500 - Next Steps for 2019+Over the last 7 years, S&P 500 has respected EMA 200 + long term diagonal support; with very similar touch-points.
There is currently a challenging double top in the 295 area which might push the price down to consolidate between 257-295. The current channel is between 273-295 which if you want to profit, you would want to zoom-in a trade set-up with a lower time-frame.
If consolidation remains, this could be in danger zone as it approaches a very strong support with EMA 200 + long-term trend line which was just tested in December 2018.
Stochastic indicator also tell us good information about the trend confirmation of the movements:
-It remains over the 'Stoch' limits when the rally has been continuous
- Spikes down the limit with aggressive bound representing big support rejection
- Inside limit area: consolidation
A good approach with the stochastic , EMA and trend line would be the following:
- 295 break up + continuous 'stoch' above limit will definitely confirm another rally with 295 as resistance in case a fake break happens
- A break below 273 with 'stoch' inside limit areas might indicate a possible test of the biggest support: around 258 levels touching EMA 200 + trend line .
- Stochastic below the limit on this scenario could mean an aggressive sell-off and will have to see if it bounces on 258 + EMA 200 + trend line which could be a good buy opportunity with low stop loss.
This long-term strategy is currently in a neutral position, we would need to wait for channel confirmation. If you want to trade, you would need to go into a lower time frame.
USDJPY Short - Poor US Data Abounds, Risk Aversion Vibes Update 1:
SL was a little too tight. In reality SHort is still in play. SLs can't be moved on TradingView.
Update 2:
TP was hit at 121.423
Technical Factors:
I like the Tweezer Tops on H4.
The pair is currently trading below the 200,100 and 50 SMA. They are now dyniamic levels of Resistance.
H1 has a number of rejection candlesticks off 122.900 (current pivot); This is around middleground of the the 50%-61.8% Fib retracement level of the previous bear move from 123.700 to 121.830 .
Fundamental Factors:
US Jobs Data was poor. ISM data was poor today as well. Tomorrow's trade balance is also expected to be lower, according to Bloomberg analysts' survey. This may dampen positivity on early rate hike expectations.
Greece is potentially giving us a risk-off scenario that usually strengthens the JPY.
Targets
Price is below 122.900 Pivot and downside targets are preferred. Target is 121.400.
Stop is tight at 35 or so Pips.
Risks:
The USD's Safe Haven status may make it an attractive prospect as Grexit fears loom and US Stocks devalue (7th July Monday Intraday) thus it may rise as USD demand increases.
It is difficult to identify a true risk aversion scenario.
