Stocks!
New Concept for Identifying Trend!Sorry about the dog barking in the video.
Also, please bear with me until the middle of the video when all of the jargon comes together to make sense!
I hope you have enjoyed the thought processes explored in this video!
Give this idea a like if you are looking forward to playing with this tool.
Cheers!
Note: This is a technical indicator which means it can be applied to any instrument that has a price! btcusd, spx, ibm, aapl, ethusd, usdjpy etc!
At another glance... Check Bitcoin Out!This is an interesting observation that I regrettably found just after making my previous video that explains this indicator.
We may be sitting on an extended rally (yet shorter than the rally preceding the peak of 2017.)
Regardless of whether this is a glitch in the programming, the price has ironically triggered the event again which may be a valuable indication.
Post your thoughts in the comments!
"Previous video:
Once again, this indicator can be applied to anything with a price! btcusd, spx, ibm, aapl, ethusd, usdjpy etc!
[DMF] Hmm, that last study on PS ended weirdly... Let's dig in!Hey Traders!
In the last video we were analyzing DMF's performance against PluralSight (NASDAQ:PS) from 7/21-7/31/2019. Near the end of the video, I noticed that the study period ended with an open short position and I thought it'd be fun to do a quick peek at how it would have performed.
DMF issued a short signal just before the end of the trading session on 7/31 which led to a substantial return. In fact, that one trade exceeded the profit of the entire study period in the last video! But of course an individual call is not a great representation of the strategy, so I expanded the time range to show how it would have played out with a broader view of price movement patterns on either side of that two-day study.
Happy trading!
Links:
Directional Momentum Flux Strategy
DMF vs PluralSight (NASDAQ:PS) - A Two Week Performance StudyHey Traders!
Today we're looking at how the Directional Momentum Flux (DMF) strategy performed against PluralSight (NASDAQ:PS) during a study period consisting of the last 8 trading days of July, 2019. Overall, PS was rather subdued during the period (7/21 to 7/31/2019), but DMF was able to identify many momentum inflection points and generate a 13.66% return. Check out the video and join the discussion below!
Happy trading!
Links:
Directional Momentum Flux Strategy
DMF vs Aurora Cannabis (NYSE:ACB) - A Two Week Performance StudyHey Traders!
Today we're looking at how the Directional Momentum Flux (DMF) strategy performed against Aurora Cannabis Inc (NYSE: ACB) during a two-week study period. Overall performance of ACB was not very strong during the period (7/15 to 7/31/2019), but DMF was able to identify many momentum inflection points and capture quite a decent return of around 44%. Check out the video and join the discussion below!
Happy trading!
Links:
Directional Momentum Flux Strategy
STOCK MARKET S&P 500 due for a PULLBACK ???This is a mid-term short play that i spotted on S&P 500 that will most likely play out within a month. This is definitely not a scalp or swing trade.
Key levels marked out on chart:
1) 2018 High
2) Quarterly Opens
3) Monthly Open
4) Grey box - Weekly block that provided support previously
Bearish Bias:
- Monthly Bearish Divergence : Price keep printing Higher High, yet RSI prints lower high. This suggests bullish momentum of the Index is depleting.
- July Monthly candle close as a Shooting Star
- Shift in Market structure on the Daily Time Frame since rally from June (Lower low)
Confluence for trade:
- 2D Bearish RSI Divergence
- Previous H4 Block that provided support now turns into Resistance
SP500 could see 3300 by late October and here's howIn this video, I explain the basics of using Fibonacci, time application and geometry to predict the future.
TLDR: SP500 will hit 3045 and while it could reject here, it looks quite bullish and 3307 is worth betting on.
The rising wedge will break and we could see a December style dip around late April, early May 2020.
Getting to 3300 could be a slow melt up over the next few months, with a total break down in trade negotiations being a possible/likely catalyst for the break down.
BTFD will work for as long as the market believes the Fed can engineer the economy.
AUDCHF Neutral (Wait and See)FX:AUDCHF neutral at the moment. Our technical analyses measurement of market sentiment suggests a wait and see approach. Daily close above current downward sloping trend line could be met by brief retracement before onward bullish continuation. Further downward movement will be confirmed only after break of current support confluence zone. See video for further analyses
MONTHLY ANALYSE OF NSE 30 The market is in the bear market .
NSENG:NSE30
Price is below the EMA 20 .
Price level to watch is 1100.
NMX - bottom?NMX is showing signs of finally nearing a bottom. expect more sideways action with some attempted swing trading. but the bear market is not over yet
GAME OVER! The big man says 'Game Over'. Well for traders the 'Game' may just be about to start or restart. This is geopolitical news - the important kind that could rock markets (stocks and forex) all over the globe. I point out some important findings from the Mueller investigation report (which I declare as accurate summary statements). I show possible market moves on two charts.
Note carefully that some of the big issues from Mueller, sequester around the alleged attempts by Trump to remove Mueller himself, and then cover up the 'tracks'. Jerrold Nadler - House Judiciary Committee Chairman - has reported on disturbing evidence pointing to the President's obstruction of justice (be careful - this is not my opinion - I only report what was said). Full text here .
So - I'm befuddled as to how Mr Trump can declare "No corruption. No collusion" with such confidence. Further more Mr Trump derides the very report which from his perspective, finds no wrongdoing on his part! I just don't get it. Full redacted report (in the public domain).
Sunday Wall Street is gonna be interesting. I'll be reporting on Wall Street moves over the weekend. Stay tuned.
Note & Disclaimer: No recommendation is made about going long or short on any market. Traders taking decisions are not to rely on my perceptions or opinions. Your risks are your totally your own.
FIB, RSI, MACD, AND BREAKOUT PATTERNS ARE TRASH! (MUST WATCH!)I'm aware the title has offended you. Read through this post anyway, I'm sure I touch up on your complaints.
Stop forming your identity around your strategy. Even I am not immune to this. it’s all too common to form a personal relationship with the tools you’re using to trade. Whether that’s the indicators on your chart, your Gann shooting star wave pattern Fibonacci double top, or your boutique breakout patterns. It doesn’t matter how bland, innovative, common it is or if it’s the “golden standard” everyone worships and trusts. I’m happy that you like it and found something you identify with. It should be nice and comfy for you to settle into that confirmation bias, “Mm, yes it is indeed a double top” as you scroll through the fifth page of the Tradingview ideas section, pinpointing the chart that agrees with you.
There’s a better way to do things. I don’t care what you’re using, maybe, just maybe, there’s a way to improve your strategy. I can confirm this idea is seen as wildly offensive. Ask someone why their strategy works and they’ll cringe like you just asked them if their spouse is cheating. “How dare you question their effectiveness! I’ll let you know we have a long history together and I love them very much.” I’m sure you do, but have you noticed some of the warning signs? They’re all right there in front of you. It may not feel good when I ask, but if the signs are there and 3/4ths of marriages fail, it wouldn’t sit well with me if I didn’t speak up just to keep you comfy cozy.
Analogies aside, your “spouse” is your strategy. The warning sign is that you keep on losing trades, blaming your loses on “volatility” without wanting to admit what the real problem is. Perhaps you’re still green for now, just wait for a larger sample size of a trade history. Much like your imaginary marriage, the odds are wildly against you. Why do you think 95 plus percent of traders fail? You can massage data however you like, the problem is at some point you decided to stop improving because you got confident.
If you met a tribe in the wilderness who planted fish in their fields as “an offering to their gods” in order to grow bigger crops, what do you do? Do you keep quiet about their ways? Sure, their crops WILL grow larger because of this tradition, but not for the reasons they believe. Would providing them industrial fertilizer and a crop rotation plan improve their crop output? Absolutely, but that would require that they admit they’re wrong and would be contrary to their identity. You’d get the response “but it’s worked for us so far! What we’re using is a proven standard.” Their blind faith in their dogma would prevent them from seeing that maybe, just maybe their is a better way to do things. If you don’t know why something works, you need to be skeptical regardless of how effective it is. Don’t be satisfied with mediocrity, comfort and undeserved confidence will only get you so far. There will always be someone with more experience, money, knowledge, and connections than you. You’ve brought a knife to a gun fight and have decided not to pick up the gun because you got some lucky stabs in. What’s worse is this even isn’t a gunfight, it’s thermonuclear war between institutional investors.
If you're a middle school basketball star, do you cry when you skin your knees after getting fouled when you chose to play street ball in downtown Detroit? No, because you should have known what you were getting into, and if you do cry, all the street ballers will tear you to shreds. If you don't want to play street ball and learn to play like everyone else does, go back to your middle school basketball court. If you can't understand why you keep getting hurt trading crypto and are unwilling to adopt the winning fighting style, go back to trading securities. Winners don't need to play by the rules of "golden standard" of TA.
What if the "golden standard" is only so because they're tools that make you predictable for people who know better? If you have the masses all trading the same information, that makes for predictable moves.
Predictable traders make for a predictable market. A predictable market makes for a profitable market. The only reason you've been given the "golden standard" is to provide liquidity for those with more buying power, resources, knowledge, experience and connections than you.
Specifically concerning the crypto market, there are additional flaws.
"There’s a general point here to make about standard oscillators like RSI: the numbers used for them basically assume conventional markets and typical oscillating ranges.
They were not designed to describe dramatically trending coins.
In such trends, they tend to go deep into “oversold”/“overbought” territory and persist. You may get several divergences before the one that actually reverses after exhaustion.
I wouldn’t call it useless so much as having far lower predictive power than advertised.
It’s also something so widely used that you can virtually guaranteed not to have an edge from that information." -acatwithcharts
If you ARE interested in a better way to do things, I am inclined to think my findings aren't half bad. Click through the links below and in my signature to learn more about how I do things differently.