FUNDAMENTALS OF SUCCESSFUL TRADINGHello traders!
Trading on the stock exchange is much more than just making deals. This is a whole algorithm of actions, following which we consistently achieve success.
Trading does not start with the opening of a trading session. Trading starts with preparation!
Fundamental preparation - studying the laws of the market and trading rules. And daily preparation - fixing the result, market analysis.
We must approach trading with confidence, without succumbing to emotions: remember the importance of risk management, not risk assets and always use SL, not make rash decisions on transactions.
Finally, trading does not end at the end of the day. After the end of the session, we must analyze our work and, if mistakes were made or assumptions did not work, adjust the plan and strategy for the next day. Completing all stages of the work will ultimately bring good benefits!
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Profitabletrading
HUGE move in BITCOIN coming this week!?So here we have formed what looks like a potential mirror pattern at the 30k level.
This could easily create a huge move higher in a short space of time, i'm talking 1-2 days so be careful.
If we break below the pink line clearly then this pattern is invalidated.
Check out my youtube video for a full breakdown in more detail.
TESLA5th wave almost done.
really possible scenario taking in count:
devaluation of the dollar
biden presidency and stimulus plan.
actual bull market that need a correction
etc...
technicals:
-volume
-rsi
-macd
overall tend to show the pick of the trend.
eliot wave tell us that wave 3 is extended so wave 5 shouldn't go over it therfor it might be the time to short tesla.(and of course findng a good bottom to buy again)
07/01/2021 $SPX Up up and awayBuying continues with TSLA going to ATH, making Elon the richest man. At this rate, this wealth will be double that of Bezos very soon. And today is #NFP, so anything is possible but for now, difficult to call the top.
Bias is up above 3809-12.
Watch 3828.2 for a touch just before European open. If rejected, look for shorts to bias zone for possible bounce to 3828.2, 3851..9.
Break of bias zone, 3781.4-3790.2 is next support, followed by 3766.7 and 3751.4. IMO 3766.7 is good level to touch today. But yes, who am I to call a top?
28/12/2020 $DAX Up till it is notTrend(Daily/Weekly/Monthly): Up/Up/Up
Price is over-extended. Possible plays are short on rally, long on bounce.
My bias zone: 13477-81.
Above R: 13701, 13799(strong R zone), 13976(good for swing short)
Below S: 13555, 13519,13493,13420,13373,13273,13227(strong S zone)
21/12/2020 $SPX Everyone is expecting a Santa rallyHave fun. We have a gap up and a strong sell down. This is bearish.
My bias zone is at 3718.5-27.25. Above R are 3740.5 and 3747.75. Strong R zone at 3747.75, expecting it to cap high of WEEK.
Price now at 3700, my 1st support level. Break this and we will see 3688.5 (strong S zone) and 3680.75. Below this are 3654-55.75 and 3635.25 should cap low of day.
17/12/2020 $NDX $QQQ Slow grind up continues Trend(Daily/Weekly/Monthly): Up/Up/Up
$NDX hits ATH yesterday. Price on monthly is over-extended but without a daily short setup, can't be too bearish.
My bias zone is 12672-99.5. Still looking for a pullback before further up.
Above R are 12725.9, 12778.6. 12845.1 should cap high of December/2020.
If 12672 breaks, look for shorts to 12645, 12623, 12595 and 12511-21. 12595 and 12521 are support zones, which could offer a bounce. Below is 12459.4 and 12421.3 should cap low of day.
16/12/2020 #NDX $NDX Bullish Yes But OverextendedAnother strong up yesterday. But on a bigger picture, price is just consolidating.
My bias zone at 12468.1-75.3. Possible bounce at this zone. 12508 and 12536.6 should possibly trade today (counter-trend). Looking for possible short to this level. Above R are 12624.7 and 12656.4 with 12723.4 possibly capping high of day.
Below 12468.1, lower levels are 12415.8-12422.9 (support zone) and 12350 should cap low of day. Below that 12285 is another level of support.
07/12/2020 #NDX #NQ_F Still ResilientMade new highs yesterday and price is getting accepted at a higher price. Though I did tweet that yesterday's upmove is likely a fake, still looking for rejection off my zone to go short.
My bias zone at 12560-69 and we are above it. 12605 and 12646 are the resistance above and 12669 should cap high of day. Though above is 12698. I will possibly be looking for a short off 12605.
Below 12560, look for shorts to target support zone 12509-19 and 12481.8. 12409-25 should cap low of day.
07/12/2020 #FTSE $FTSE StrongTrend(Daily/Weekly/Monthly): Up/Up/Up
Depsite the selling in US futures, #FTSE remain resilient. But as the heading says, price is overextended. A pullback before further up is healthy. I will be looking at 6495-6507 and 6583-93 these 2 zones today.
Possible scenarios:
1) Price opens in RTH, rally to 6583-93 and fail, goes down to 6495-507. Watch for reaction.
2) Price opens in RTH, dips to 6537, get supported and rally. 6583-93 can still fail but probably less likely.
Support and resistance levels are indicated on the charts. Watch reaction around the levels and trade accordingly
07/12/2020 #FDAX #DAX30 Weak as it isTrend based on my system: Daily/Weekly/Monthly - Mixed/Mixed/Up
As mentioned on Friday, it is now the weakest indices. If you are a trendfollower, you are probably better off going long US indices, and if you want to short any indices, #DAX30 should be a suitable candidate.
If you believe in mean reversion, then it's a different thing.
My bias zone is 13287-13302.7. Above 13302.7, resistance are 13339 and 13377 should cap high of day. Personally, I won't want to be long today above 13302.7. Below 13287, target 13225, 13167, 13147 and 13115-23. In the event of stronger sell, 13040 should cap low of day.
07/12/2020 #NDX Up But Downside Risk ExistBased on my system, trend (Daily/Weekly/Monthly): Up/Up/Up
Price is over-extended, similar to #SPX. Expect a pullback, before further up.
Bullish only above 12557, targeting 12586, 12635 and 12669 should cap high of day, if there is no news.
Below 12531, looking to short, target 12501, 12461-63 (strong support). If it breaks, looks for further downside to 12413, 12375-83 and 12355. 12271 should cap low of day. If you just want 1 low risk buy level for going long, 12355 should be a good price to.
07/12/2020 #SPX500 Bullish bullish bullishWhat's new? Nothing matters as long as liquidity is there
But price is over-extended (nothing new too) and market structure is weak.
Thus my blue bias zone is not low but high.
Bullish above 3706. Targeting 3720, 3729 and 3740.1 should cap high of day. 3761 is a super strong higher level R.
Below 3697 be cautiously bullish, targeting 3687-89. If zone breaks, 3677, 3662.7, 3652.3-54, 3637.5 are the levels below. 3630 should cap low of day and below 3624 is another support.
If you don't want to short, just go long as any of the support zones. 3677 should be the stronger one.
04/12/2020 Gold. Where next?We had a sell off but fail on Monday before a strong rally $70 higher. Ranging yesterday. Where are we going to today?
Today is #NFP and recently we have much of a sell on good news. Could today be that reversal day?
Based on my system, lots of support below, 1835.42-36.66 (my blue bias zone) and 1828.26-65. Bias towards the upside, targeting 1848.490, 50.43, 52.587 and 1856.28.
1864.81 is a possible upside target but should cap high of day.
If 1828.26 breaks, targets will be 1815.91 and 1812.27. 1808.07 should cap low of day.
04/12/2020 #DAX Most bearish indexBased on my system, #FDAX is now the weakest index compared to #FTSE #SPX #NDX #DJIA.
Pointing to more downside. Trend wise (Daily/Weekly/Monthly) is Down, Mixed, Up respectively.
Below blue zone at 13235, look for break of 13199 for 13145, 13103 and 13035 to trade. 13035 should cap low of day, though with further selling we could see 13000 and 12930.
Above 13255, be cautiously bullish, targeting 13287 (strong R) and 13357. 13383 should cap high of day.
02/12/2020 #NDX Up move continues#NDX made ATH yesterday and came down. Difficult to call the tops. What I see we need to get higher and have a sharp rejection before we can have a change of trend, meaningful correction.
Price now 12441 within blue zone. If above, resistance are at 12545. 12631 should cap high of move, giving a low risk sell level.
Below 12431, look to sell to 12341-47 and 12221-31. Both are strong support zones and should offer a bounce. 12147 should cap low of day.