Psychology
RUB / USD Symmetrical triangle. Coronavirus. Manipulation On a global scale, after a pulse of 140%, a symmetrical triangle began to form for 6 years. Which on a very symbolic date was broken up. Below I will describe and in the screenshots I will show what's what.
On the chart, I showed areas of potential price halt.
The stop or continuation of the upward movement will depend on the reaction of the price to these zones. Fixing the price above a certain zone will contribute to the continuation of the uptrend and the collapse of the Russian economy. The situation that is developing with the "crown" and the measures that are planned to be implemented will not affect the ruble exchange rate properly. What did not seem to be reality yesterday, tomorrow may become a reality that must be accepted for what it is.
The target of working out the triangle in the global is about 64%, but you need to understand that if the price is fixed in this zone, then the probability of continuing the upward movement and working out the goals of the flagpole 666 pennant is 140%. Fantasy? Yes, but in 2014, no one believed that in such a short time, the ruble / dollar exchange rate would rise by 140%. You need to be prepared for everything.
Also, the target zone 104-113 of the triangle can act as a strong resistance, which can stop the further depreciation of the ruble. Everything very much depends on how the situation in the world will develop further on a global scale and what measures will be taken to achieve their target. Unfortunately, at the moment Russia is a completely led territory with an imitation like in all countries of freedom of choice and action.
The financial scam that has been happening in Russia since the default of 1998, of an unimaginable scale and impudence, can very painfully hit the well-being of ordinary citizens of the country again. What disappeared, in one moment, may turn from the ghost of the past into the present. And it turns out the dead was always alive, only alive for the masters. This can greatly affect the ruble exchange rate in the picture, but very negatively on the welfare of ordinary citizens as always. Because while the cow brings milk and the villagers are sleeping, they milk it to exhaustion. But this is not customary to talk about and notice. All because of the inertia and "darkness" of society.
Potential target.
Triangle target 64%
Ascending Pennant 140%
1) Naturally, as expected on 01/13/2020 (18), the price touched the support of the global symmetrical triangle, which took 6 years to form and showed a price of 60.891 (6.18). The process has begun. Thinking will understand. Money is not the main value in life. Sometimes a time comes when they have no meaning.
2) 6 03 2020 (13) the price approached the resistance of the triangle. 67.4 22 (13.6)
13 01 2020 - 9 03 2020 40 days (22 (13) .4)
2) On 9.03.20, an impulse of 10.22% (1.22) was committed.
9 03 2020 - 4 04 2020 20 days (13.7.2)
3) This is for working in a local trend. Outlined very important dates, which are very likely to affect the ruble to the dollar and not only. Pay attention to the numbers. Money at some points cease to be relevant.
Entrance to the long at the breakthrough of the resistance line of the local canvas of the symmetric triangle (red line).
Entering the short at a large percentage in my opinion in such a difficult time for Russia should not be considered, unless of course you are a scalper.
4 04 2020 - 18 04 2020 - 22 04 2020 18 days (666) - 4 + 18 + 22 = 44 !!! -12!
I warned about what is happening in the world many months ago. The Internet is not a place for free information. Soon your “anonymity” will knock on every home. But many really wanted this, well, it was not long to wait. "New money" against which the "states" fought so "and the banks will become a reality for you too." The "crown" and some other factors will help this happen in a forced manner. Do not experience the illusion, you were led to think in black and white.
You were bought by greed, freebie and inertness to what is happening around you. Everyone is used to talking, complaining, but doing nothing. Many people have lowered their intelligence. People stopped thinking on their own. Open your eyes and wake up finally. The world is different.
As it turned out, people got the informational virus of mental disorder. There were very few healthy people. Also, many play the role of "patients" so that they are not touched and so as not to differ from the crowd. Mass psychosis in order to keep the peak of the wave confirmed by reality locally in one of the closed sectors. It was a European country, not some kind of Africa. So that there is an association among Europeans and Americans with a human disease in a civilized society. Italy - Crown - Rome - World - Rome - World - New Rome (world). They showed how quickly China dealt with the problem. And how Italy does not cope. Wait for the introduction of new technologies in China, so as not to "get sick". There they have long been tested and approved.
Code-6-19 is primarily a background for promoting a new world order and adopting laws that could not have been promoted in a calm time. You, with your hysterical herd behavior, help this to happen. This is just the beginning. Nothing really happened yet, we are in the very first soft stage, and society has already turned into a controlled, selfish herd, thanks to the manipulation of the self-preservation instinct for our own sake.
The meaning of the “crown”, as I think, is not only in the collapse of markets, but in the change of the financial system and the world order itself. Dividing countries into sectors, stopping the production of goods, the movement of raw materials and goods, printing money and distributing them in the future as “resting people” will bring down markets even more.
As recent events in the world have shown there is no concept of statehood, the world has long been global. Nationality will be destroyed, the world needs an average digital slave, not a person’s individuality.
Everywhere everything happens on symbolic dates and according to one algorithm of action. He who does not obey on time will receive gifts rather. The division of countries into sectors, the closure of large problem cities and restrictions on movement in them will prevent people from joining in who disagree with what seemed impossible to translate into reality in an adequate, mentally healthy society. Divide and rule.
Will oppose the crown - will come to you. The city will close, curfews will be introduced in connection with the disease. It will not be legal to protest. Unwanted "get sick" when testing for the disease. With many overly dangerous infectious diseases, the body is not given to relatives due to the possibility of the spread of a dangerous infection.
1720- The bubonic plague.
1821 - Cholera.
1920 - Spanish.
Coincidence?
Thanks to selfishness, greed, inertness to events, the “importance of the person”, self-preservation for my own sake, “I am like everyone else” and most importantly - the absence of thinking independently, such events occur in the world. This is controlled chaos 11. This is only the beginning, and the crowd is already in the stage of psychosis. This is all thanks to information technology and the replacement of human values in the direction of animal instincts. In the later phases when everything will be real, your psyche will not stand the "show" and you will really go crazy or eat each other for your own sake. It is said figuratively, but the essence of this does not change.
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EUR / RUB Feb 23
I also did the EUR / RUB trading idea several days before the price increase at the lowest entry point when confirming support and the zone, I think this is also relevant.
Symmetric triangle. Trends Reversal zones.
The situation is now.
2 target achieved + 32%
Money is not the meaning of life! There are more important values. Do not turn into controlled animals for money!
A system13 is a complete manipulation of those who are in the system and do not understand this. Your unconscious and conscious behavior is the conscious planning of your behavior by other personalities. And this is not philosophy, this is reality. It has always been, is and will be.
The Art of Zen Trading1. Create an awareness of your body.
2. Pour happiness into everything you do.
3. Detach. "Connected to everything, attached to nothing."
4. Set process-based goals.
5. Breathe, be aware of the present v the illusion.
6. Everything is temporary.
7. Trading is skillset building.
8. Mistakes and failures are a requirement.
9. The fight is the real reward.
10. You yourself have to engineer your own peace, happiness, and success--moment by moment, action by action.
Daily Wisdom 09 - Are you aligned?After years of searching for the holy grail, the trader found himself.
Price Action & Psychology - Pullback after breakout, TrendHello !
Key points :
Significant support
Pullback after breakout
Wide-range candles in the direction of the trend
Indecision + volume increasing
As I pretty much always do, I went back in time looking for major support and resistance zones. To do that, I switch to a line chart and I take a look at the 1-year timeframe, it's way easier to define the major zones.
This is what it looks like :
Getting back to our candlestick daily chart, we can see that we've had a breakout : very wide-range candle and spike in volume.
Stocks never go straight "to the moon" and after breaking out that much, they usually need to "rest" or "breath". It started by declining quite fast (see the wider red candles below resistance). Then it started slowing down, we can ultimately say that the counter-(down)trend is losing power.
In other words, sellers were in control, but buyers are coming back in, since the major trend is an uptrend, as the trendline shows. We saw some more "fights" between buyers and sellers during the last 3 trading session.
What tells us that the uptrend is pretty strong, are the wide-range candles we see going in the direction of the trend.
Finally, on the last trading session, we have a clear price rejection, with increasing volume.
My entry will be around the last close and I'm using the ATR (based on 9 days) indicator to get an idea of the average volatility of the stock. This helps me defining a stop loss.
I'm using the previous resistance as the first target for my trade. Considering the setup here, I can imagine the stock price breaking that resistance and making a higher high, but because I can't predict it, I'm going to take some profits at my first target, and then I'll work out what to do with what I've got left from there.
Thanks for reading and if you have suggestions or want to discuss the idea, just leave a comment, I'll be happy to answer.
***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities and that it only takes ONE trader to deny your trade.***
Psychology of OTHER People in the Market Matters More Than YoursMorning Traders - The next in our series of education posts is going to focus solely on Psychology. specifically regarding the psychology of OTHER people in the market. Once you nail this topic its going to give you a huge edge on the market.
Any trader is always looking whether the next few price swings are going to be bullish or are they going to be bearish? That is the essence of trading - If you know the next few price swings are going to be bullish then it makes it easy to make money right?!
Once you have this identified then you simply just need to time your entry, the safest way to do that would be to be watching for a short term pullback against your bias of where the price swings will be headed. Its important that when looking at these price swings, you watch HOW the price moves, don't need to concern yourself with any chart patterns or candlesticks, but ask yourself as you watch the price move, is the price moving with strength or weakness? If price is pulling back from your bias with weakness then this is an opportunity to place your entries and wait for the price swings you have anticipated. If price pulls bask with strength then it could be time to consider you bias again and stay on the sidelines.
The real key when analysing price action both in the long term price swings you see and in each movement within those price swings is the psychology of everybody else that is trading in that market with you. Much has been written and spoken about regarding making sure you own mindset and psychology is right within trading but I personally feel understanding how other people are feeling within the market is worth so much more. Once you understand how other people are feeling, their emotions etc then its becomes easier you predict their actions.
One of the most powerful emotions we feel that affects our decision making is fear. Im sure everyone can easily anticipate the actions of a fearful person, so we just need to translate that into the chart.
So start watching where are people getting trapped into bad positions? When are they feeling fearful that they made the wrong trade? When are they praying for the market to turn around? These are the traders you want to target because by their nature these are weak traders and likely unprofitable ones, you want to watch for points in the market where these traders know they have got it wrong.. So you should be looking to take the other side of their trades and profit from their mistakes.
The other major aspect of fear you should look for in markets is FOMO. Fear of Missing Out. You see this type of emotion ALL the time in markets, its essentially the market equivalent as when you see people run for the tube / underground as the warning beeps have started and doors are closing... People who have been sat watching the market for a while suddenly see it moving in one direction and start running to enter the trade as quickly as they can... the psychology of this is that they will likely enter with the wrong position size, they haven't analysed the new market conditions that were different from when they were watching the market before, and most importantly their risk management has now gotten out of control. When you see after an already strong price movement that it starts to slow down momentarily and then rockets again in the same original direction - This is typical of FOMO trading. Its wise when you see this to start thinking about places some trades opposite to these traders.
So when people say you should analyse price action - this is the most powerful way to do that. Its not about head and shoulders patterns, its not about doji candles or anything else you hear spoken about... Its simply about human emotions and how they are expressed within the charts.
To be successful you need to start identifying the moments and points in the chart where you know people will buy after you have already brought, or where they will sell after you have already sold.
Change your mindset - Dont Trade Forex.... Invest in Currencies I had been looking to do a market breakdown this weekend but to be honest, all the opportunities in the market have already been shared in my previous ideas posted.
So instead I am going to share a topic I have spoken to a lot of my followers about recently. The mindset of trading, or should I say investing... because that is really how you need to see it if you want to be able to trade consistently with confidence and conviction in your ideas.
Lots of people, especially newcomers to trading and FOREX simply see a chart and make a decision if the line is going up or down. A guess, a gamble. Even though I know we ave all done this at some stage, its not a strategy that will mean you are still successful in 5, 10. 20 years.
If you want to make money in this industry you need to have the mindset that you will still be doing this in 5, 10, 20 years. Once you start doing that it gives you a calmness to think though each trade like an investment.
So, before we get into this - I will explain the difference between a trade and an investment.
- A trade is something you are typically taking a position on leverage and for the short term, a few minutes / hours / days. Typically you are only looking at one only that chart and have a clearly defined exit if the trade goes into loss.
- An investment is something you decide to take a position in based on the underlying facts/fundamentals of what you are buying, the price is secondary. You consider more than just that one chart you are placing the position on and are willing to hold it indefinitely whether its in drawdown or not because you know the underlying fundamentals are right for you investment to come good in time.
So once you see the difference, which mindset and process is likely to play out successfully in 5, 10, 20 years time? Which mindset is likely to give you less stress while in positions? Which mindset will give you confidence and conviction in your positions?
All of this confidence and conviction in your positions is based in knowledge - In this industry, knowledge truly is power!
So when I say dont trade forex .... invest in currencies its because the mindset of trading forex is based in looking for quick wins, get rich quick stories and rented Lamborghinis. Whereas investing in currencies is based on the mindset to still be doing the same thing in many years time. Its the difference between aiming to be rich or to be wealthy.
The process of trading forex is looking at EURUSD and wanting to go short because of a chart pattern or something you have seen in the chart.
The process of investing in currencies is to be looking at the Dollar and seeing strength across a number of different charts involving the dollar such as DXY, USDJPY, GBPUSD. And then also having a separate opinion of weakness in the Euro by doing the same thing and considering the Euro across a number of different charts. - Once you have identified both strength in the Dollar and weakness in the Euro you are able to confidently invest in shorting EURUSD. At this point you have conviction in your position.
Please let me know your thoughts in the comments and for more posts like this follow me.
Questions to Ask Yourself Before Trading This WeekReflect on your state of mind and last week's experience. Are you attached? Are you connected? There's a major difference family. Leverage your experiences. Take last week's trades or lack there of to learn and become more.
Daily Wisdom 01 - Data Tracking vs Internal ProcessAre you doing things that actually matter to your bottom line?
NEM-XEM/USD 2666000% Trend Figures Psychology of a hamster 2-666In this training / trading idea, I showed the whole history of the price chart of this scam coin of high capitalization.
Pay attention to the increase in prices by 2666000% (26660 hamster X) for 2 years from January 18 (6 + 6 + 6) (01) 2016 to January 1 (01) 2018.
What strange figures are 2 years of an uptrend and an increase of 2-666-000%. Is it really a coincidence?)))) I think who truly understands what the number 666 means, and not through the religious prism of brainwashing, then everyone understands that there is no coincidence here.
Please note how, according to all the rules of technical analysis, all the patterns on the price chart worked out:
Lateral movement.
1) accumulation channel. (a breakthrough of resistance and the beginning of an uptrend).
Uptrend. +2666000%
2) ascendant pennant. (formation of the pennant web and pulse development to the height of the flagpole).
3) an ascending triangle. (bullish pattern, working off to the height of the triangle).
Downtrend. -98%
4) a downward wedge. (formed).
Entrance to the market.
Entrance on a breakthrough or pullback after a breakthrough of the resistance line of the downward wedge. Fixing the price above the downtrend main trend will mean a trend reversal and luring a new batch of “hamsters”.
Formerly hamsters who believed that they would become very rich in the near future, as a rule, after a while they sold at very low prices or so, when their faith to become a milleon was beaten heartbroken and disappointed.
A descending wedge is drawn very beautifully. The instrument is merged by -98% from the high. Super profits for a real trader and a skating rink for a believing hamster. Perhaps "soon" will be a trend reversal.
As you can see, the older the time frame, the more clearly the patterns are worked out and it is easier to predict the price movement.
Large timeframes are well suited for positional trading.
But it is very important that a crypto project, even if a scam, were people with big money who are interested in continuing to imitate the development of the project.
For example, how is this cryptocurrency NEM (XEM). It is very important that you can work not only long, but also short on margin trading. This allows you to earn on the downtrend of the coin.
But, nevertheless, in such coins you always need to withdraw a large part of the profit, and to continue to work with a complex percentage to get a new potential profit.
At one time, I had a rather significant loss of money when a tool like NEM suddenly evaporated. I traded coin for about 8 months. Several times increased profit from the original amount. With each profit, a part brought profit from the market. But at one point, the project "closed", tokens were removed from the exchange, trading stopped. As a result, the loss of a full position did not mean a loss, but a loss from profit, as I always deduced part of the profit. But if all this time I only accumulated coins (increased the amount), all profits would have turned to zero. And most importantly, it would be a pity for the lost time to trade this coin. Time has no price, it is priceless.
Therefore, always remember no matter what the true legend and imitation of the development of the project, you can never predict with 100% probability what those or other people who created the project will do.
On this coin NEM (XEM). They launch the Catapult technology on their blockchain for believing fools from 2017 before each secondary uptrend or during the downtrend to stop sales and give believers another sip of the sweet lie of hope.
Since 2017, they announced the launch of the catapult 6 times, they did not even change the legend. Why? The hamster is not a mammoth, it will not die out. In addition, hamsters have a complete loss of memory about events 1-2 years old.
This "technological coin" from
the maximum price fell -98%! Believers in becoming a millionaire in a year are likely to experience wild horror and misunderstanding! In the end, they were secretly told on the Internet that they needed to “manage to buy” this coin, otherwise the chance to become a millionaire in 1-2 years would be missed.
A person going to work from day to day from 8: 00-17: 00 with hard / not hard work, gets a salary, debugs money. For example, during the year he saved up $ 1,000 for investments. And then he heard “in confidence” that you can simply buy a certain coin and become a millionaire in 1-2 years. He was delighted because he believed that he would become very rich! He will no longer need to go to work every day!
And now, after 2 years, he discovers that with his invested amount of $ 1,000 in a promising technological coin for a comfortable life, only $ 20 is left !!! Everything acquired and delayed by hard work has simply depreciated! Indeed, for 2 years from 1000 to receive minus 98% of the investment is something. From $ 1,000, only $ 20 is left . But the investor proudly calls himself a "holder" !
The future millionaire is in shock. How did this happen? In the end, very clever experts from YouTube and telegrams showed him a price increase of 2,666,000% and said that the price would go up forever! Even if the investor - “holder” bought earlier, he does not sell at all! After all, he needs even more! After all, only stupid traders sell, holders always hold on to the end!
This hamster in the bull market had an opinion about himself that he was also an expert and professional. He considered himself very smart and experienced, smarter than other newly arrived hamsters for slaughter. The trend has changed, and the "smart investor" has become a deceived fool.
A stream of hamsters in cycles.
Some "die" - others are "born."
The hamster is not a mammoth, he will not die out.
I think the training article below will be very useful for those who "got into one of the thousands of promising crypto scam projects" and understand the complexity of the situation.
We make losing trades profitable. Martingale + Position Trading.
For true “lazy hamsters” those who like to buy everything indiscriminately at the market are forbidden to use martingale. This method in such hands still fast will lead to a drain of the deposit. Read the work of this trading method in the description.
Those people who are sure that success in trading depends on only one successful purchase and after a while to sell it many times more expensive is doomed to annul its deposit. This is what most think. So this is an erroneous opinion. Thanks to this belief of the majority, the minority earns.
$USOIL #CrudeOil - Break Above $42 Opens up Upside Targets uptrend Structure in play
trading above key $40 psychological pivot
In line with medium/long term pov
key levels / profit targets marked
invalid below $39
Scale profits every 50-100 pips as we did during today's New York Session & make the trade risk free whenever possible
Trade Safe
EURUSD| OUTLOOK FOR THE DAY Afternoon Traders,
we have had a continuation of the uptrend, however I am seeing exhaustion within the Euro at least for now! this exhaustion is indicated by the red arrows large upper wick candles suggesting we are potentially seeing early signs of a potential short term reversal, before price continues pushing forward.
The level of interest will be the 1.18100 area (September 2018) highs, overall we are looking likely to smash through and continuing on to our next levels but we could easily see exhasution into this area and potential sell off from this level, of course we could do non of what I've suggested as price action could take us in any, one direction, but given the current evidence, we will wait to see what price action brings.
highlighted (rectangle) area of interest will price action pull back to this area and drop or disregard this area??
what are your thoughts let me know?
EURJPY| STILL BULLISH FOR MEAfternoon Traders,
We have clear uptrend momentum, Id be very interested in seeing how price action responds to the last quarterly highs, (dark blue ray line) At the moment price action is clearly indicating to me further moves to the upside, signified by the large buying that is coming in every time price action tries to push lower,
I've highlighted my area of interest this is where i will be setting my order long if price action confirms it.
if we start showing signs of trend reversal this will usually be significant by large bearish candles, I will of course flip my bias and I will seek an entry to short this pair.
do you agree? let me know.
Thank you.
EURUSD| GO LONG OR GO SHORTGood morning Traders,
price action is proving resilient and is suggesting it may create a deeper channel, will it complete the channel and push out with a strong bearish close or will it just continue ascending upwards, is the main question I will be asking.
In my view of price action, I see further upside because we still have some buying power within the markets, until we have a real sell off and push away, I have highlighted areas of interest but we just may continue in this corrective range.
nonetheless I will be waiting for price action to confirm.
let me know your thoughts.
AUDSUD| GOING FOR THE WIN?Good morning Traders,
this pair is an interesting one, Price action is clearly pushing up but I seeing wicks at the tops of the candles indicated by the red arrows, this too me suggests the push up is not sustainable and we may likely see a reversal from a higher level.
alternatively we could have some very strong bullish candle closes over the next few hours therefore suggesting to me that we have good momentum to the upside and if we do i will be onlooking for a potential entry, given that price action confirms it.
let me know your thoughts.
Price Action & Psychology - Double bottom reversalHello !
Key points :
Double bottom, cluster of candlesticks on first bottom
Narrow range + low (relative) volume
Buying pressure on downtrend
I'm defining the resistance (previous support) based on the second gap (Gap2), on the distribution area and on the clear 3-candle swing high.
To clarify, above the drawed resistance (previous support) we had a distribution period, followed by a move to the downside (see the spike in volume and the wide-range candles).
The selling formed a cluster of 3 candlesticks, defining a pretty strong support.
The last selling wave, that formed the second bottom, is pretty indecisive, the volume is low, there's always some buying pressure and the candles are narrow, it's following the path of least resistance, i.e falling from it's own weight.
Weekly chart :
From a weekly perspective, the rejection and the gap up stress the irrationality of the move.
PS : I'm defining my stop loss based on the gap up (Gap1) that happened after the move to the downside from March.
Thanks for reading and if you have suggestions or want to discuss the idea, just leave a comment, I'll be happy to answer.
***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities and that it only takes ONE trader to deny your trade.***
#SPX S&P 500 PreMarket 7/8/2020... Structurally Driven by 31503150 major structural & psychological price level in play here this morning
gonna monitor PA & newsflow going into the NYSE open in a couple hours
bullish only above 3161 into 3170 then evaluate there
short term market structure is still down for the time being and I'd favor shorts below 3150-3145 zone into 3130 -
Trade Safe
Blessings
