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Price action & Psycholog - Pullback and gapsHello ! Key points : Support : important zone on weekly chart, amplified by breakaway gap, previous resistance on daily chart Pullback 50% Fibonacci Exhaustion gaps coupled with higher trading volume Despite the market drop on friday, it held the support The support is on an important zone on the weekly chart, which explains why the breakaway gap formed. I can imagine people thinking "if it's not holding the support I'm selling" and some people started (probably because the overall market was weak) bidding lower prices pre-market. On the way up, it is very clear that the stock encountered a resistance on that particular zone. The fact that it broke out, means that there has been a psychological shift in people's thinking. Which makes this zone now a decent support. ***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities, it only takes ONE trader to deny your trade.*** Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
NASDAQ:ONLong
by UnknownUnicorn6734025
How to Trade Directly After The BTC Surge.Everyone knows I am well known for my analyses on psychological support and resistance zones and their strong predictive capabilities. We just found two new important psychological levels in the last two days. One psychological resistance at 9450 and one psychological support at 8400. -- quick reminder on these beautiful round number levels -- Computer scripts don't come up with these round numbers, humans do. You can see human trading behavior at work here, along with human psychology. This is exactly where humans would put their limit orders, or where they will put price alarms. Let's compare the different kind of support and resistance lines you can draw. First, there are the most common ones based on past price behavior. A local high will be extend on the chart to indicate that this has been a point where price has historically bounced. This has medium predictive power. Secondly, there are psychological levels without any price action. Simply looking at a chart and seeing ETH is about to hit $150 should make you conscious about having psychological resistance. You can add these lines to your chart. Thirdly, there is confluence between psychological and price based support or resistance. Those are the ones I charted here for you. These have incredible predictive power. Keep an eye on them. They are important. When we combine the 9450 and the 8400 levels with the price based resistance of slightly below the $9000 level, I see the price struggling a lot to break through the $9000. I expect it will show a healthy retracement and cool down a little moving in the direction of the psychological support zone of $8400. Then, the bears will make space again for the bulls, and we can expect a trade at least until the current resistance area. This can give us a nice 5% trade. Remember, don't FOMO buy after you've seen these massive gains. Don't go for crazy returns. This 5% trade set-up is enough for me, and it should be enough for you. Don't worry. You will get plenty more opportunities. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only! Recent success stories:
Long
by Trading-Guru
10
Price action & Psychology - Resistance, consolid., continuationHello ! Key points : Resistance broken on high volume and wide range candles Consolidation phase and support hold Huge price rejection on the hourly + high volume Relative strength (compared to today's market conditions) I've left some charting from the previous trade on this analysis, to get a context. On the previous analysis, we said that basically, what happens after an "ABCD" pattern, is that the "D" makes a new low (depending on what chart you're looking at it must not be an all-time low). So we're entering a new trend. As we know, stocks nearly always move in waves (higher highs, higher lows when uptrending, reverse for downtrending). What happens here, is that the stock needs some room to "breathe" before resuming the trend. Some people are taking profits (like I did yesterday), others are joining the party, while others wait on the sidelines. BUT , there's still a "healthy" balance between the different actors, otherwise, if the conviction was gone or there would have been enough sellers to absorb the buy orders, the stock would have reversed right away. The 2 reasons for a stock price (or any other security) to go up (reverse for down) Fundamentally, there are 2 reasons : There are not enough sellers to absorb buy orders (buyers > sellers) Traders/investors think that the stock is cheap (they have the belief that the stock will go up in the future, i.e. the conviction) ***Disclaimer : This is not an advice to buy the stock. Please, be aware that trading is a matter of probabilities, it takes only ONE trader to deny your trade.*** Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
NASDAQ:VRALong
by UnknownUnicorn6734025
Striking similaritySweden had no lockdown, Europe did. EURSEK going to zero like BTC. Curious to see what happens. Let's check again in a few days. Same idea as Bitcoin back then for me. If I see a double bottom I will buy. All the brainlets should buy, if it goes up they will have "missed out" lmao. There's very little retail interest in this, I won't get to see the "bull market is back" reactions :( Hey maybe central bankers and investment banks are going to claim "bull market is back" 🐻😆
by MrRenev
🏆 GOOD ALWAYS TRIUMPHS OVER EVIL 🏆IT'S NOT AN EDUCATIONAL POST,☝🏻 although, the message is teaching from it!🤲🏻 ⚡ Guys, I'm not here to make money, I'm here to gather interesting people near me, to publish ideas for successful deals. ⚡ There are a lot of wonderful people here. REAL PEOPLE who have good knowledge and experience that can help many traders, especially beginners! 👀I’m here a little less than a month, but this month:👀 😡 I received a lot of messages in the PM asking for mutual likes (I’m not an angel, I can also just have people who follow me if they like ideas, give me likes. But that's not always case) 😡 some accounts from the top (not all, but I can analyze well) has a tendency to attract attention: put likes, and then pick them out 😡 you can see how the great ideas of the guys are ignored, and many ideas that gain 300-700 likes have no meaning at all. ✍🏻✍🏻✍🏻✍🏻Guys, why am I writing that's all ??? Those who doing this, they can be understood, they are trying to make money.💰💰💰💰 🙅🏻‍♀️They don’t want to offer quality, they want to deceive the audience ... let it go! 🏆 GOOD ALWAYS TRIUMPHS OVER EVIL 🏆 My message is for you, my dears. You need to thinking, learning, developing, analyzing, don't let manipulate you!!! ♥♥♥♥♥I love you very much!!♥♥♥♥♥ Your Rocket Bomb!🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
20
Trading Tips for consistency 1- Find one repetable pattern on a specific timeframe and track it on excel to know the exact % win rate. 2- patterns are more powerful than technical indicators, imho indicators should be only used for signal entries and nothin more than that. Remember all indicators are lagging indicators so patterns remains more powerful. 3- the ability to master oneself and stay disciplined to wait and wait for your specific setup to CONFIRM. 4- DONT anticipate you must wait for CONFIRMATION only. 5- max loss per trade. Risk management is the king of the game and you must have a pre defined max risk per trade BEFORE you even enter into a trade. 6- use HARD STOPS. As soon as you enter into a trade you must set your hard stop immediately. 7- if new imho u must use max risk of 2% of ur equity on each trade as a max risk, if you are exprienced then you are allowed to use more. 8- Journal your trades, take screenshots of your charts with entries nd exits, as well as joirnal your thoughts before you trade, during and after you exit the trade. Remember this game is 80% psychology so tracking your emotions is KEY to success as a trader. I wish you all success 🙏 The Bear 🐻
Education
by ShortTrades
Bullish ETH Is About To Break Through a Psychological ResistanceIn this idea I will explain how you can leverage psychological support and resistance levels for trading ETH/USD. This will help you earn more money while trading, and gives you more understanding about the markets. I have been talking about this for quite a while now, and every time it shows that it works again and again. We have seen so far that the price loves to oscillate between these beautiful support and resistance levels. If the price breaks through the psychological resistance of $200 I expect we will start trading in a higher zone between $200 and $240. I will split this idea in multiple aspects. First of all, I will go into ETH/USD and explain the most important levels on the chart based on the principals of human psychology. Then, I will explain why I believe the cryptocurrency markets have a much stronger tendency to behave according to these principles than any other markets. Last, I will explain how you can benefit from these concepts. -- What are these psychological levels you are talking about? -- Look at how BEAUTIFUL all the numbers are on my chart. They are all incredibly round numbers, which match perfectly to the levels of support and resistance . The levels that I identified are: $290 ( resistance level 3) $240 ( resistance level 2) $200 ( resistance level 1) $175 ( support level 1) $150 ( support level 2) $125 ( support level 3) $90 ( support level 4) Computer scripts don't come up with these round numbers, humans do. You can see human trading behavior at work here, along with human psychology. This is exactly where humans would put their limit orders, or where they will put price alarms. Let's compare the different kind of support and resistance lines you can draw. First, there are the most common ones based on past price behavior. A local high will be extend on the chart to indicate that this has been a point where price has historically bounced. This has medium predictive power. Secondly, there are psychological levels without any price action. Simply looking at a chart and seeing ETH is about to hit $150 should make you conscious about having psychological resistance. You can add these lines to your chart. Thirdly, there is confluence between psychological and price based support or resistance. Those are the ones I charted here for you. These have incredible predictive power. Keep an eye on them. They are important. A great way to confirm these level is by zooming out and going back in time. I tried to show it on the chart here, but it would simply get too cluttered if I show you multiple timeframes. If you take these levels, and you zoom out, you see that the same levels are important over and over again. These levels can perfectly predict highs and lows throughout months, even years. This is why you should always add these on your chart! It works 100x better for USD pairs than for BTC pairs. So don't forget to look at your USD pairs too when you are trading. -- Why do cryptocurrency markets have a strong tendency to have these human levels -- It's simple: liquidity. The big banks with their big algorithms have the task to take one billion, and turn it into two billion. The entire marketcap of Bitcoin is only 125 billion, the trading volume for BTC USDT is only around $500M on a given day at the largest exchanges. It's simply not lucrative. The only thing you can do in the current crypto markets, is take your one thousand dollars, and try to turn it into two thousand. This scales a bit further on the larger market caps such as BTC and ETH, sure, but for a maxium you can make try to turn one million into two million. That's pretty much it. The conclusion of all of this is that the big algorithmic traders don't even want to be here, they couldn't care less. This is a field for traders who play with crypto as their hobby, people with some spare time on their hands. Perhaps.... you! The reader. And me, yours truly. There are normal people trading on the cryptocurrency markets. This is what causes the price to have these decimal-perfect support and resistance zones. And this is why you'd want to put so much attention into these areas while trading cryptocurrency. -- So, How Do I Beat Other Human Traders? -- Think carefully about where you put your limit orders. If the resistance is at 9200, don't put your limit order at 9201 right above a huge resistance. Be smart, and put it at 9199 or even a little bit lower. This reduces your profits only slightly, while greatly increasing the odds that your limit price will be hit. This also works for buy orders, never put those on round price levels. Instead, look for non-round numbers slightly disadvantageous to the profit, but very positive for your hitrate. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
COINBASE:ETHUSDLong
by Trading-Guru
12
Price action & Psychology - ABCD Pattern, what's next ?Hello ! Key points : New trend starting after ABCD pattern First pullback occuring on 50% retracement Volume on uptrend is higher than downtrend Consolidation taking place ABCD Pattern This isn't a quite regular ABCD pattern, even though the time between AB and CD is almost equal (or near). What I look for when trading this pattern, is either the pattern himself (buying the "D", or the "new low") or what happens after it. In most cases the "D" from the pattern marks the start of a new trend. Volume & first pullback You can see that the volume that made the stock go up (from the "D") is way higher than the volume that formed the pullback. Some traders toke profits while others sold for a losing trade because they bought too late (greed). Consolidation Recognize a consolidation : 1) Narrow range 2) Low volume 3) Support zone ***Disclaimer : This is not an advice to buy the stock.*** Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
NASDAQ:VRALong
by UnknownUnicorn6734025
Price action & Psychology - Triple bottom reversalHello ! Key points : Triple bottom pattern Rising volume Price rejection ("hammer" formation) on higher volume than previous sessions Rising volume ? On this particular chart, it doesn't seem like the volume is actually rising. This is because the chart shows the data only for the current exchange (Cboe BZX). On my brokers account, I am able to see the overall data (in this case volume). In fact, if you combine the volume of shares traded on every exchange, you get a very different picture of what's really happening (see screenshot below). ibb.co Earnings call Everytime I get into a trade, no matter what happens, I always liquidate before they present their earnings. ***Disclaimer : This is not an advice to buy the stock.*** Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
NLong
by UnknownUnicorn6734025
Price action & Psychology - Triple bottom reversalHello ! Key points : Triple bottom pattern (laws of mass psychology, in my opinion a very reliable pattern) Support held despite high volume Indecision rises even though overall market turmoil ( relative strength ) Rising volume compared to the previous trading session I usually never wait for the breakout when trading double or triple bottoms. I tend to buy the bottom immediately. Therefore, I will use the 4.00 zone as my initial target. If the reversal happens and my target is reached I decide whether I hold or sell based on the current conditions. Using the S&P500 index as a guide On my S&P500 chart I have the Williams %R (3) indicator plotted. I noticed that during that market crash, whenever the indicator enters the oversold zone (< -75) the S&P500 tends to bounce back up. i.ibb.co ***Disclaimer : This is not an advice to buy the stock.*** Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
GLong
by UnknownUnicorn6734025
Price action & Psychology - First pullbackHello ! Key points : Fading volume : The fact that volume is fading indicates that the pullback is losing momentum, we should see an increase in volume tomorrow compared to today. Interest in stock is rising. The wide range bullish candlesticks shows that bulls are strong and there's actually interest in the stocks (i.e. those that didn't trade have a chance to buy now) The stock gapped down, probably out of fear considering the overall market conditions, there's been a selling wave driving prices down but bulls caught up ***Disclaimer : This is not an advice to buy the stock. You should never ever blindly follow a trader's idea without knowing exactly what he talks about.*** Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
TLong
by UnknownUnicorn6734025
2
Price action & Psychology - Reversal after panic sellHello ! Key points : Gap down : The stock gaps down probably because of bad news; opens at old support level Panic selling : The bad news and the gap down triggers panic selling which explains the surge in volume The stock finally settles on a previous support area Last selling burst occurs and indecision rises as volume goes back up Through this trade I want to emphasize the fact that one should be careful when evaluating the shadows (or wicks) of a candlestick . On this particular trade, there is no need to put the stop loss below the shadow, because it is the irrational behavior (fear) that formed it. Watch out the area around 7.00 as it is an important congestion zone on a weekly chart (3 years - weekly). The final target would be the 8.00 area. ***Disclaimer : This is not an advice to buy the stock. You should never ever blindly follow a trader's idea without knowing exactly what he talks about.*** Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
PLong
by UnknownUnicorn6734025
The HUGE BULL RUN on ETH and Ethereum token is coming!!Greetings everyone! I think we can have major uptrend on eth/btc together with most of alts along with ether token after months of boring range accumulation. So the hopeless sentiment about tokens and eth after 2+ years of downtrending along with range many people even forget it and a lot give up or going to trade leveraged btc instead this is also one reason btc hype but it will be changing one day. Believe it or not blockchain and crypto token project isn't dead this is still going many staff and developer is however working actively. Naturally many unsolid projects died, but that normal this can be comparable to natural secretion and this is a good news company with weak management of funds or unsolid projects are gone this one reason a crash can be good now we are ready to go up. Of course an even dead project can go up or make a exit pump but it will be corrected very fast like a pump and dump. This is probably one highest opportunity of the year! What I'm saying above work for eth but also for all eth erc20 token maybe also some others alts! Now let's look at technical on analysis eth. On 1D Look like about to do a clean breakout in a double bottom with trendline breakout and now still above in addition to it make higher high and lower low. On 1W Same as daily but on RSI seem like a breakout and pull back, this is also a reliable target at 38% On 1M We have a great bullish engulfing candle but beware because not closed yet but it might get better too. Not analysing USD chart because it also correlated to btc that I don't have really same view right now but its possible to do something called hedging so shorting btc and long eth to play only the eth btc movement in addition not showing lower time frame charts here because nothing to say more than the daily one. About target same as saying above 38% retracement at around 6900 and of course higher target like 50% at around 8500 /!\ Remember this is not a financial advice just only my own opinion on the market please thinking and make your own chose /!\ Please notice this is not trading, or entry signals just an analysis, one day I might make a post on what is the difference between an analysis and a trading signal if you asking. Feel to share your thought in comment I always read all and try to answers if possible. Thanks for reading have a good day!
Long
by LegoTonix
Trend continuation after pullback - Psychology & Price actionHello ! Key points : Support on previous gaps (highlighted on the chart) 50% Fibonacci retracement, after starting a new trend, stocks tend to pullback halfway after resuming Fading volume signals the end of the current trend Indecision candlestick ("Doji") signals that indecision rises What's the plan ? From a "daytrader" perspective (that I'm not, but I have some basic knowledge), I saw that morning panic which led to a reverse and a spike to 8.10 (5 min chart). A pullback was obvious, so I placed my buy limit at 7.95 and got filled. Now I'll let the trade unfold and will add the other half on my position once the trade advances in the desired direction. The initial target is the first encountered resistance. ***Disclaimer : This is not an advice to buy the stock. You should never ever blindly follow a trader's idea without knowing exactly what he talks about.*** Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
NYSE:SBHLong
by UnknownUnicorn6734025
Uptrend continuation - Price action + PsychologyHello ! Here we go with another analysis solely based on price action and psychology in the stock market. Key points : Breakout on high volume Previous resistance becomes support Fibonnacci Retracement : 50% Volume rises as demand for the stock increases Basically, what I see here, is an accumulation on a congestion zone. The traders that didn't trade the 9.00-to-12.50 zone, are now lining up because they don't wanna let the train leave without them. What's the plan ? I calculate my risk/reward ratio and I start by buying half of my final position. If the trade appears to go in my favour, I'll add the other half. In this context, I'll probably add around 13.80/14.00 after the break of the resistance on the hourly chart. The three screen method The method I use to analyse my trades is called the " three screen method ". I start by looking at the scale above my regular time frame which is the weekly chart (3 years - weekly) where I highlight notable resistance and support zones and in normal market conditions look for ongoing long-term trends (stock market participants have a "memory", they tend to remember old resistance and support zones). Then, I switch to my regular time frame, which is, in my case, the daily chart (6 months - daily). Here, I watch the price action and think in terms of "what are other traders doing ?". This is where I plan the trade. Finally, I switch to the scale below, which is the hourly chart (1 month - hourly). What I look after on this time frame are minor resistance and support levels. Note on support and resistance Support and resistance are not numbers or lines on a chart. They define congestion AREAS/ZONES . ***This is not an advice to buy the stock. You should never ever blindly follow a trader's idea without knowing exactly what he talks about.*** Thanks for reading and if you have suggestions or wanna discuss the idea, just leave a comment, I'll be happy to answer.
BLong
by UnknownUnicorn6734025
Bottom trade using Tech. analysis without IndicatorsHello, This analysis is only based on price action and psychology in the stock market. Key points : Range of the candles diminishes and volume tapers off as bears drive the price down Volume rises on indecision, bears are not in control anymore Previous support acts now as a resistance area (around 2.75) The initial target is around 2.75 PS : This is not an advice to buy the stock. You should never ever blindly follow a trader's idea without knowing exactly what he talks about. Thanks for reading and if you have suggestions or wanna discuss about the idea, just leave a comment.
NYSE:QUADLong
by UnknownUnicorn6734025
BTC - ADAPTIVE TRADING IDEASDear Traders and Hopeaholics alike, as the self-proclaimed President and Founder of HOPEAHOLICS ANONYMOUS (or HA for short) you all laughed at me last time... but that is ok I am used to it and enjoyed all the HA HA HAs from here to the BTC Target... I want to talk to you today about Adaptive Intelligence and why it is SO important in trading! "It is not the most intellectual or the strongest of species that survives; but the species that survives is the one that is able to adapt to and adjust best to the changing environment in which it finds itself. Charles Darwin" Being able to not have a fixed narrative in trading is vital when the trade goes the opposite way to how you are actually trading. Being able to cut your losses and move forward is crucial. Knowing when to activate the STOP LOSS is essential in order to preserve your funds. Before entering any trade have strict rules, and never deviate from the plan, if the trade goes against you, make sure you assess exactly what went wrong before entering a new trade. I want to look at some alternate possibilities from my last chart, and why you need to know this! THE TECHNICAL STUFF On the chart I have an Elliott Wave PIVOT breakpoint of $8,425. This is an important region if we get there, as this would take the current wave 4 and the waves would cross. A correct Elliott wave count must observe three rules: Wave 2 never retraces more than 100% of wave 1. Wave 3 cannot be the shortest of the three impulse waves, namely waves 1, 3 and 5. Wave 4 does not overlap with the price territory of wave 1, except in the rare case of a diagonal triangle formation. (Source wiki/Elliott_wave_principle) Therefore if $8,425 pivot is to be breached by anything more than a wick on higher timeframes, we are in a different uptrending pattern. Also as per last TradingView update, $4,500 is the LONG TERM SUPPORT region, breaking this region could be disastrous for BTC and the crypto economy as a whole, so not something I am hoping happens. A strong indicator of reversal will be the ability of the whales to push this pattern to the $9057 region. If we reach this area there is a strong possibilty 13 K is on the way! On this chart we also have STRONG MONETARY SUPPORT in 2 REGIONS shown on the VPVR (Volume Profile Visible Range Indicator) ********************************************** There are no guarantees in trading, but I want to make you all aware of this possible scenario BTC is showing right now... It may amount to nothing, but it also may change the direction of the entire market... BRINGING HOPE! (And as the self-proclaimed President and Founder of HOPEAHOLICS ANONYMOUS that's what I do! ********************************************** If you are unsure of direction or feel you are over trading I have a moto. IF IN DOUBT SIT IT OUT! There is no shame in not being in a trade. Stick to your game plan, wait for a set up to be confirmed, and ONLY take a trade if it all aligns. So please I welcome your comments and CONSTRUCTIVE FEEDBACK - ALL HATERS WILL BE FLAGGED AND REPORTED! And remember, there is NO RIGHT OR WRONG in trading - just money management! REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!! <3 Lisa DISCLAIMER: The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons... PS make sure you give me a like, that way you get updates as I post them.... :) <3
by LisaNEdwards
22
Proof of Human Trading on BTCUSDT (Not Just ALGORITHMS)In this update I will share a fantastic opportunity to understand human trading behaviour. First I will share the four levels of resistance that I am looking at. The levels can be used for the coming weeks to understand key price levels of BTC. However, for actual price projections, don't plan too far ahead. Even though we are in a clean rising wedge, I drew only candles until 3, 4 days out. There is soo much news recently that impacts the price of BTC, that TA becomes less sustainable for price predictions. Now, onto the levels: Resistance Level 1: 6650 Resistance Level 2: 8150 Resistance Level 3: 9200 Resistance Level 4: 10500 Look at how BEAUTIFUL these numbers are. They are all incredibly round numbers, which match perfectly to the levels of support and resistance. Computer scripts don't come up with these round numbers, humans do. You can see human trading behaviour at work here, along with human psychology. This is exactly where humans would put their limit orders, or where they will put price alarms. -- So, How Do I Beat Other Human Traders? -- Think carefully about where you put your limit orders. If the resistance is at 9200, don't put your limit order at 9201 right above a huge resistance. Be smart, and put it at 9199 or even a little bit lower. This reduces your profits only slightly, while greatly increasing the odds that your limit price will be hit. This also works for buy orders, never put those on round price levels. Instead, look for non-round numbers slightly disadvantageous to the profit, but very positive for your hitrate. If you learned something today, give me a thumbs up! - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only! About the links below: 20% Discount on Binance: Did you know that Binance introduced a new system where you can get 20% discount on your fees? Find the step-by-step guide on how to add it to your account on the website of 100eyes Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more.
Long
by Trading-Guru
15
How to make money: Profit from mass hysteriasA little update on my last post as I have had more confirmation of my claims since then. About people irrational minds. Sounds all textbook all of this "mass hysteria" and people might think real life isn't that stupi but it is. After telling someone his not hearing of the word CoronaVirus did not make it worse than the flu and ebola, I was just mocked for "making a stupid comparison" because "you didn't hear of ebola before it was discovered" and "if WE (not only him) have not heard the word CoronaVirus before 2019 it is obviously because the name was not invented" FUN FACT: EbolaVIRUSSES were discovered in 1976. CoronaVIRUSSES were discovered in the 1960s. And Ebola killed WAY MORE than Corona, the flu is also way worse. Funny how SARS was "the mightiest zombie apocalypse virus" with Severe in its name, in 2002, and now these idiots out there don't even remember it and think "the coronavirus" was just discovered. They will forget about this current one in 3 months at most LOL. These people have no clue. They ignore what virusses are, they ignore that Corona is 60 years old, they ignore how lethal it is, they ignore that it is a common cold, they ignore that it goes away when it gets hotter, they ignore literally everything about it. You got PLEBES hitting the table with their fist and DEMANDING worldwide vaccines for all. The brainwashed populace that cannot think for themselves are scared. They think the world is ending or some sh**. Oh apparently this time according to "experts" "60% of the world could get infected". Yaaaaaawn, yeye sure. Yet another irrelevant tiny fart in the winds of history that a part of the population is reacting too, and medias (and stock market bears) are profitting off with their flashy titles and *breaking news*. What can only be described as either complete noobs, trolls, or idiots, called for a top. The "end of the bull market". The "mighty corona virus bear market". Well US indices are already past ath. You know, this timeframe is typically my time frame. My trades, the winners (losers go much faster), most of them, end up lasting 3 days to 2 weeks, with the occasional lucky huge winner that will last longer of course, up to 2 months. I think it is the best and easiest when one has "better than average foresight". I do not know how to predict the direction a company will go for the next 1 year or more, all I can do is buy cheap and hold. I can try guess generic trends and generic fundamentals, but I cannot predict what will happen in a whole year, 365 days, I have no idea what price a currency of company will be at in 365 days, the whims of the market. I've had my 1rst theory on stocks that was the dow would climb to 32k+ in "the future" (2nd one was 2018 was the top). And low timeframes like under a day is mostly just noise, and fees ruin it, and no one ever made consistent big returns from it, only people to claim they do are "educators". Of course this is just the start, it takes way more than just thinking for yourself and not being a brainwashed sheep, but the basis is this. Go against (or might profit from it) the public mood / emotions / irrational thoughts, and make sure to stick to the public attention span of around 2 weeks. All this "CoronaVirus" FUD was, was an opportunity to buy indices on a pullback. MA50 + Trendline. The T1 would be ath. From here my favorite course of action is to trail my stop and try staying in as long as possible. Trailing is an entire discipline to master it depends on alot of things including asking oneself "if I place my Stop Loss here what is the risk to reward if this was a new trade" and also includes using obviously previous resistances as support, seing how the price is moving, etc. There are other good ones, like "12 years left" "global cooling consensus - er I mean global warming - er I mean global climate change", but the most famous ones are not 2 weeks things, and no idea how long the hysteria lasts, so it's not a free piggy bank robbery like the never ending flow of 2 week long stories on the news. I hope the media format always stays the same and idiots stay idiots. And I am pretty sure it will. People have behaved like gnus (wildebeests) before the existence of tv media, and now that less and less people watch tv and they instead spend time on social networks (twitter youtube seem to be the main ones they get their info from) nothing has changed, still 2 weeks stories and mass delusions everywhere. Thx for the money, kiss kiss. The stock market will probably keep going up (this is not me saying it goes up in a straight line) till the Europe trade war starts. From wikipedia for the format: Rank Country Exports Imports Total Balance - European Union 283,269 434,633 717,902 -151,363 1 China 129,894 505,470 635,364 -375,576 He probably adds Nato in it, and unlike china they are certain to argue about the climate change "not up for debate" dogma. And europe are allies. It's going to be a huge thing. Maybe 3 years of sideways then a parabolic move up, then Trump presidency ends and the big crash. In that time Trump could get assassinated by very angry page tearing lefties, a civil war could break, US biggest allies could start having bad relations with it, the US might have a hostile takeover by communists, europe trade deal could go well rapidly, could go well but after a long time, coumld go bad rapidly, could go bad slowly. I just see it as impossible to call what will happen the next 4 to 5 years, I just know what direction it is supposed to go AND I know what to watch for what to expect. Long live profitting of short term delusions. They can laugh at us, they can insult us, they can argue with us, they can keep trying to have the last word, they can always be right in hindsight, they will always outnumber us, but we will always take their money.
TVC:SPXEducation
by MrRenev
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