Ethereum: A buying opportunity or a trap?Charturday #3: CRYPTOCAP:ETH 🪻
Weekly Analysis:
-H5 Indicator is GREEN
-Broke out of bull flag with successful retest
-Sitting on a volume shelf with a lot of room to run!
-Williams CB still forming lower/ better support, if we continue our bounce into this week we will have a better formed Williams CB
🔜🎯$4094🎯$5043
Bull Flag Breakout🎯$5772⏲️Before DEC2025
CupnHandle B/O🎯$6839⏲️Before 2028
Not financial advice.
Trading-ideas
Mobileye - LET ME BLOW YOUR MIND!MOBILEYE - NASDAQ:MBLY 🚘 BUCKLE UP!
If you have been following me long enough you know that the majority of my charts and analysis are longer term and on a weekly chart but don't get it twisted, I'm not a one trick pony friend! I have High Five Trading strategies for Day, Swing, and Long Trading. 😘
Daily Chart Analysis (H5_S):
I'm sure you already see it on the screen below! I just realized it today and my mind is blown so yours should be to! The most successful chart pattern has just popped up on my highest conviction trade/ investment! A beautiful Cup&Handle Pattern setting up for a major breakout and Short Seller Face RIPPER!
-CupnHandle Pattern - Breakout point $19.30
-H5 Indicator is about to flip to GREEN on the Swing Indicator
-You can see it's about to flip GREEN through the individual indicators that tie into the strategy. Bullish price action, Bullish Engulfing Candlestick, RSI Upward cross, Trend (Stoch) Bullish Uptrend into the sweet spot, Lagging MACD Indicator is still above zero line and about to cross to the upside and the final BULLISH piece of the puzzle.
-Williams R% Strong Divergence and Higher Lows
-Anchored Volume Profile Shelf with massive GAP
-Weekly chart analysis and measure moves haven't been realized yet either and the weekly chart is still very BULLISH.
All this to say when you have a bullish weekly chart (longer term) and a flip into a bullish Daily Chart the Upward moves are FAST and catch everyone off guard...but not us friends!
So I'll make it easy for you:
✅Fundamentally Undervalued (Fair Value $30+)
✅Top 3 in a multi-trillion dollar TAM in AV Sector
✅Headwinds turning into Tailwinds
✅H5 Weekly Chart Bullish
✅H5 Daily Chart Bullish
✅22%+ Short Float (80% of shares locked up)
✅Measured moves not realized
✅Every respectable Chartist is BULLISH
PREDICTIONS:
🔜🎯$20+ BEFORE EOY
🎯$28+ BEFORE MAY
BOOK 👏 MARK 👏 IT 👏
Another Buying Opportunity on $HIMS! 60% UpsideNYSE:HIMS 💊
We are only half way through the week and this is me telling you that THIS IS ANOTHER BUYING OPPORTUNITY!
I said the same thing when we had the Short Attack and flush to $19.
What you don't realize is that the Wr% at the top of the chart ran up into the barrier of the Williams Consolidation Box and now needs to create it's support and bounce in order to form the BOX. I still believe that's $30 (meaning we wick back above it before weeks end). Whether we do or don't doesn't really matter in the longer term (weeks/months).
The downside on the Wr% is limited as well due to the rising trendline (Arrow) we are on since September. If we fall to that I strongly believe we get a bounce off of it, thus creating the box there or where we currently are at.
The reason this is a buying opportunity and shouldn't matter to the majority of you is because IMO it will be at $40+ before EOY! Do what you want but I'm cashing in on my Covered Call Premium and Buying more!
Not Financial Advice.
Workday is working up to something special! 58% UpsideWorkday - NASDAQ:WDAY
We have a falling wedge breakout with a successful retest pushing into a Multi-Year Cup&Handle breakout!
We have a great catalyst as well. They've just been added to the S&P500 AMEX:SPY , which sent this stock to $287.26 after hours on Friday. With that move we most likely break above the -20 area on the Williams R% and start to form our Williams Consolidation Box.
H5 Indicator is green and we are launching off the AVP shelf into ATH's territory.
Will look for a pullback this week in order to enter, targeting previous resistance to turn into support at $265-$275 area.
🎯$310 🎯$490
Multi-year timeframe but will get there much faster IMO.
NFA
$CRSP: A BioTech to add to the watchlist! 95% UpsideNASDAQ:CRSP
Not a High Five Setup...yet
-H5 Indicator is GREEN
-Filling Volume Profile GAP and setting up at a new Volume Profile Shelf
-Need Wr% to push up above -20 and form Williams Consolidation Box
-Need to breakout of Symmetrical Triangle at $56ish
If we get that it will be a H5 Trade and look for targets:
🎯$73 🎯$91 📏$110 ⏳Before mid-2026
NFA
Is $POET the next AI RUNNER?! 86% UPSIDENASDAQ:POET
A great looking H5 Setup that just needs a breakout!
Warning: High Risk/ High Reward Small Cap
-H5 indicator is GREEN
-Pennant breakout that needs a retest. Measured move is $6.13 which puts us to a breakout of the Cup&Handle!
-Williams Consolidation Box needs to create support and bounce in order to be live! A big pullback to retest the Pennant breakout then bounce would be a perfect area for an entry into this trade.
-Large Volume Shelf with nothing but SPACE above.
📏$6.13 🎯$7.75 📏$11
Not Financial Advice - NFA
Up over 40% since Mobileye bottoms and the shorts didn't cover!🚨Up over 40% since NASDAQ:MBLY bottoms and the shorts didn't cover! 🚨
In this video, I give an update on my Mobileye position:
-Short float went from 22% to 21.68%
-Where we are going based on my #HIGHFIVESETUP
-Upcoming Catalysts
-The fundamental valuation
Are you buying more?
Gold will increase this week ? Wall Street analysts expressed optimism. Specifically, expectations are up 62%, down 15% and flat 23%. In addition, according to Kitco's online survey, it is predicted that gold price will increase by 54%, decrease by 23%, and move sideways by 23%.
Marc Chandler, General Director of Bannockburn Global Forex, said gold prices increased, breaking a 3-week losing streak, in the context of political instability in Europe and sharply falling interest rates. Gold prices recovered after the US jobs report and the Central Bank of China did not buy gold reserves.
Adrian Day, Chairman of Adrian Day Asset Management, said gold prices are recovering after last week's selling amid more balanced US economic news, weak inflation data and high unemployment claims. more , both are supported for interest rate cuts.
Colin Cieszynski, market strategist at SIA Wealth Management, said gold prices are now poised for a technical bounce from support.
💵 OANDA:XAUUSD SELL 2353 - 2356💵
✔️ TP 2343
✔️ TP 2333
❌ SL 2363
💵 OANDA:XAUUSD BUY 2314 - 2317💵
✔️ TP 2330
✔️ TP 2345
❌ SL 2308
Trades Idea for Monday 11 Mar 24DISCLAIMER
This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose.
Gold/USD (XAUUSD) Signal For 11 Mar 2024
Trade Idea 1
Buy LIMIT Order: $2179.51
Stop Loss: $2163.53
Take Profit 1: $2195.24
Take Profit 2: $2206.43
Trade Idea 2
Buy LIMIT Order: $2169.79
Stop Loss: $2153.81
Take Profit 1: $2185.52
Take Profit 2: $2206.42
Risk per trade: 0.5%
100% mechanical strategy, zero analysis, zero guesswork. Rise and repeat day in day out.
XAUUSD: Gold trend todayThe h1 stochastic frame chart has reached the 97 superbought zone, while on H4 it is stochastic
There is a return but the momentum is not strong, the histogram is also getting shorter, on the daily chart
Stochastic has reached the overbought area but the histogram is still short so today our strategy is the main SELL
OANDA:XAUUSD SELL 1990-1992
TP1: 1985
TP2: 1980
SL : 1996
EURGBP - COULD BE A GOOD BUY Hey Traders
I believe EURGBP has a good chance to continue moving up to re-test the previous area of resistance, overall market direction is bullish. Today's eur retail sales did not influence the market too much, I feel the trend will continue moving up since we had strong breaks of moving averages.
Problems You Face As A TraderIn the fast-paced world of Forex trading, you're constantly searching for a winning strategy that aligns with your trading style. It can be overwhelming, with multiple strategies leaving you frustrated and lacking the guidance needed to navigate the dynamic market.
Let's talk about the problems you may face on your journey and if you are facing them comment them below and maybe I can encourage you through it.
1️⃣ Trend Identification:
Without learning how to spot profitable trends and align yourself with the prevailing market direction, you may face the following challenges:
Missed Opportunities
You might miss out on potential profitable trades by failing to identify trends and enter at the right time.
Trading Against the Trend
When you trade against the prevailing trend, you increase the risk of entering losing trades, as the market momentum works against your position.
Uncertainty in Trade Direction: Without trend identification, you may struggle to determine the overall direction of the market, leading to confusion and indecisiveness in your trading decisions.
2️⃣ Market Structure Estimation Zones:
If you neglect to pinpoint critical entries through market structure (estimation zones), you may encounter the following issues:
Inaccurate Trade Entries and Exits
Without identifying your entry point, you may enter or exit trades at suboptimal price points, reducing your profitability.
Increased Risk
Failing to recognize key market structure price points increases the risk of placing trades in areas where price reversals or consolidations are likely to occur.
Lack of Confidence in Trade Decisions
Without a clear understanding of market structure, you may lack the confidence needed to make informed trade decisions, leading to hesitation and missed opportunities.
3️⃣ Efficient Execution in Under 1 Minute:
If you are unable to execute trades swiftly and efficiently with predefined targets, stop-loss levels, and positions, you may face the following challenges:
Missed Entries
Delayed trade execution can cause you to miss optimal entry points, resulting in reduced profit potential.
Emotional Decision-Making
Slow execution may lead to emotional decision-making, as you may be influenced by short-term market fluctuations rather than sticking to your predetermined strategy.
Increased Exposure to Market Risks
Procrastination in trade execution increases your exposure to market risks, such as sudden price reversals or volatility, potentially resulting in higher losses.
4️⃣ Emotion-Free Trading with Pending Orders:
Without incorporating pending orders to trade unemotionally and discipline yourself, you may encounter the following problems:
Impulsive Trading
Making decisions based on emotions and immediate market movements can lead to impulsive trades that deviate from your overall strategy.
Inconsistent Trade Execution
Emotion-driven trading decisions can result in inconsistent trade execution, causing variations in risk management and profit potential.
Lack of Trading Discipline: Without the use of pending orders, you may struggle to adhere to your predefined trading plan, increasing the likelihood of undisciplined and impulsive behavior.
5️⃣ Customization for Different Trading Styles:
If you neglect to tailor the trading strategy to your preferred trading style, you may experience the following challenges:
Ineffective Trading Approaches
Using a strategy that does not align with your preferred style may result in suboptimal trading decisions and reduced profitability.
Lack of Comfort and Confidence
If you cannot customize your strategy to match your preferred style, you may feel uncomfortable and lack confidence in executing trades, leading to indecisiveness and missed opportunities.
Inconsistent Results
Without adapting the strategy to your trading style, you may struggle to achieve consistent results, as the approach may not cater to your strengths and preferences.
6️⃣ Support for Struggling Traders and Beginners:
As a struggling trader or beginner, without personalized coaching and guidance to nurture your trading skills, you may encounter the following difficulties:
Inconsistent Performance:
Without proper guidance, you may find it challenging to achieve consistent performance, leading to frustration and a lack of progress.
Lack of Confidence
Without support, you might struggle with self-doubt and a lack of confidence in your abilities, hindering your growth and development as a trader.
Difficulty in Identifying Mistakes
You may have difficulty identifying your mistakes and finding effective solutions without the guidance and feedback provided through personalized coaching.
By focusing on trend identification, market structure estimation zones, efficient execution, emotion-free trading, and customization for your specific trading style, TMP(trend, market structure, and pending orders) empowers you to trade better so you can overcome some of the problems listed above.
Traders, if you liked this idea, need encouragement, or liked my take on problems you may face as a trader, write it in the comments and like this post.
SPY/QQQ Market Bias & Top Stock Watches - 4/12/2023 - BullishBias: SPY gapping over resistance into a void, boosted on positive CPI data. QQQ less bullish with some junk before the void. Will be patient to see if CPI numbers hold up market or if it was just a pop and drop.
Top Watches: Long - MU, PLTR, AFRM, INMD, RBLX. Short - AAL.
Tune in to my stream at 9:25 EST for my full list of top stock watches and to watch me trade them Live!
Follow @JLaing for a timely morning bias of the market like this, top stock watches, and live day trading every morning!
Why do most traders end up losing moneyThis question is quite scary, but if you are a novice and see this question, congratulations, you are on the right path of trading.
The most important lesson to learn before entering the financial markets is risk expectation.
You can ask yourself, how much money do you want to make from trading? Is your goal asset appreciation, or a small fortune?
If a trade loses money, will it affect your own life?
Is your own character able to stop losses in time, or do you have no self-control?
After asking these questions, we decide whether to enter the financial market.
So why do the vast majority of traders lose money?
1. Because of the particularity of the financial market.
I believe that many friends have heard of the 28 rule. For example, in the distribution of wealth in our society, 20% of people control 80% of social wealth; 20% of people will persist in encountering difficulties, and 80% of people will give up when encountering difficulties.
The rule of 28 is ubiquitous in life, and it also determines what kind of people will succeed and what kind of people will fail.
As for the financial market, it is crueler than real life, because there are no rules in this market, only human nature, so the financial market even surpasses the rule of 28, and less than 10% of people may make profits. In the face of money, most people want to make a big fortune with a small amount, and want to turn around by trading, so those who have stable personalities, strong self-control, low income expectations, and money in their hands are silently harvesting these people who are eager for quick success.
Some people may say that the world is inherently unfair, and those who hold funds can only survive because of the capital.
Actually no. We Xiaosan hold small funds, and we can achieve low return expectations, or we can do it slowly, but how many people are just anxious to make money? Just want to make a big difference with a small one? Just don’t regard money as money, and think it’s a big deal to take a gamble, and if it’s gone, it’s gone?
So it has nothing to do with the amount of capital, but has something to do with people. In financial markets, human nature is the rule.
2. Too many people are dominated by human nature.
As I said before, there are no rules in the financial market, and human nature is the rule.
Trading is a very anti-human thing. Human nature is greedy for comfort, averse to risk, afraid of losing, feeling that one's level is higher than others, hating giving and learning, impatient, etc., which will be infinitely magnified in trading.
There is a saying in the trading industry that trading can be profitable, mentality accounts for 70%, and technology accounts for 30%. In actual combat, it seems that it is not difficult for traders to see the market correctly, but it is very difficult to complete this wave of market and make profits. Why?
I give two examples.
For example, the problem of stop loss in trading.
Seeking advantages and avoiding disadvantages is a characteristic of human nature, unwillingness to lose, unwilling to accept losses, this is human self-protection awareness. Stopping losses in the wrong direction means losing our real money, who can bear it? So in actual combat, many people rationally know that the direction is wrong, but they just don't stop losses, and even increase their positions against the trend, floating orders, allowing the stop loss to become bigger and bigger, and finally lead to serious losses.
Another example is the profitable position in the transaction.
The market trend always fluctuates upwards, or fluctuates downwards, and profit taking in positions is often encountered. Once profits are withdrawn, we will have a sense of insecurity in our hearts, worrying about the reversal of the market and losing profits. This insecurity is also due to human nature.
Even if we rationally know that the profit target has not yet been reached, we should continue to hold positions, but the little emotion of longing for peace of mind has been tormenting us, and in the end we couldn't help but close the position, and made a lot of less money. We comfort ourselves that it is all right, at least there is no loss. But in fact, less earning = loss, because the amount you lose next time will be greater than the money you earn. In the long run, your overall loss will be.
There are many such examples, such as betting on the market, heavy trading, unwillingness to admit defeat, stop loss leading to liquidation, etc., are all caused by the aversion to loss in human nature and the fear of failure.
In fact, if we look at the trading market 100 years ago, it is basically the same as the current human nature problem. The weakness of human nature is very strong, and it is also the main reason why traders lose money.
So at the beginning, I asked everyone to ask themselves those questions, just to let everyone understand their own personality, their current situation, and their human nature, so as to help you win certain opportunities in the trading market.
Trading is like a free game. It seems that the threshold is low and no money is required, but in fact some hidden costs are contained in it, and the human nature is clearly played for you. Therefore, before making a transaction, you must have an existing risk expectation, and then think about making money.
6 ways to stop loss in gold
Take profit and stop loss are one of the most important links in the entire trading system. After studying this article, you will be able to thoroughly understand the stop loss method.
You can bookmark it before reading it. If you feel that you have gained something, you can like it, thank you.
1. 6 stop loss methods
Stop loss means that when our order loss reaches a predetermined value, we need to close the position in time to avoid greater losses.
In a complete trading system, stop loss Stop loss is divided into static stop loss and dynamic stop loss.
Static stop loss means that after the order enters the market, the stop loss is set at a fixed stop loss space, or the stop loss amount remains unchanged. Once the market trend is unfavorable, the stop loss will be closed when the set position is reached. For example, after an order enters the market, set a stop loss of 100 points, and close the position when 100 points arrive.
Dynamic stop loss means that the standard of stop loss in the trading system is dynamic. When we hold a position, the market is constantly fluctuating, and there is no fixed point for when to stop the loss. We must observe the dynamic market changes until there is a trend that meets the stop loss standard, and then stop the order. For example, when holding long orders, the stop loss standard is that the market forms a short reverse break position structure, and we will stop the loss manually at this time.
Method 1: Fixed stop loss space, or fixed stop loss amount.
This is a relatively simple static stop loss method.
After the order enters the market, set a fixed stop loss space, for example, after an intraday trading order enters the market, set a fixed 30-point stop loss. Or set a fixed amount stop loss, for example, if the order loss reaches 1% of the principal, the stop loss will be stopped.
There are also traders in the stock market who stop loss at a fixed percentage of market retracement, for example, stop loss if the stock falls by 5%.
In this way of stop loss, the space for stop loss should be determined according to the specific volatility of different varieties.is absolutely necessary, and a trading strategy without stop loss will eventually end in loss.
Method 2: Stop loss at high and low points.
High and low point stop loss is the most common stop loss technical standard, and it is also a static stop loss method.
The market always operates in the form of waves, so there will be continuous rising or falling callback highs and lows. These highs and lows are also called inflection points. In actual combat, the starting point of the wave or the inflection point of the callback is used as the stop loss point.
After the bottom of the market breaks, open a position. There are two ways to use stop loss at high and low points. One is to place it at the inflection point, and the other is to place it at the starting point of the wave.
The inflection point stop loss, the stop loss space is small, the profit and loss ratio is good, but the fault tolerance rate is low, and it is more aggressive.
Stop loss at the starting point of the market, the space for stop loss is large, and the profit-loss ratio is worse, but the fault tolerance rate is high and more conservative.
This stop loss method is also relatively flexible, as the volatility changes, the stop loss space will also be adjusted.
Method 3: Combine technical stop loss.
Stop loss combined with technical positions refers to the combination of key positions of technical indicators in actual combat, and stop loss when the market breaks through these technical positions. For example, important support and pressure levels, or technical moving average levels, etc.
Method 4: Stop loss in trend reversal pattern.
This is a dynamic stop loss method. After the order enters the market, the market goes out of a reverse structure or form. At this time, it can be understood that the trend has reversed and the order is stopped.
In actual combat, you can combine your most commonly used criteria for confirming reversals. You can use the crossing of moving averages, or the breakout of trend lines and channel lines, etc., as long as the standards are consistent.
Method 5: Stop losses in batches.
In an order, set multiple stop loss standards, and stop losses in batches in proportion to different stop loss points.
This is a compromise stop loss method. Set different stop loss points through different stop loss standards to disperse the risk of stop loss.
In actual combat, it is often encountered that after the order stop loss, the market reverses and goes out of the original trend. At this time, because the order has stopped loss, it is very disadvantageous.
The operation of batch stop loss can keep a part of the position when encountering this situation, and can continue to make profits after the market goes out of the direction again.
Method 6: Moving stop loss.
Trailing stop loss means that after the order enters the market, the market develops in a favorable direction. After leaving the entry point and gradually generating profits, the stop loss is adjusted from the original stop loss point to a more favorable direction. The market gradually develops and the stop loss Also adjust gradually.
Moving stop loss is a bit like the left and right feet when climbing stairs. When your right foot goes up the steps, your left foot will follow. Every time the profit increases to a certain extent, the stop loss will follow.
The first purpose of trailing stop loss is to preserve capital, so most of the time the first step of trailing stop loss is to move the stop loss to the cost price.
In this way, even if the worst result is encountered, the order will be out of the market without loss. After setting the trailing stop loss, the order will no longer lose money, and even the profit has been locked. At this time, the psychological pressure of holding positions is very small, which is conducive to the execution of transactions.
These 6 stop loss methods, you can choose the appropriate method according to your own trading strategy
OANDA:XAUUSD OANDA:XAUUSD COMEX:GC1! TVC:USOIL BINANCE:BTCUSDT.P COINBASE:BTCUSD
Jubilant Ing box consolidation breakoutBox consolidation going on, we need a strong green candle closing above box for long entry. SL will be below box on closing basis.
Good for swing trading and investment too.
Debt free company with good FII holding.
Can break ATH and make new lifetime ATH
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Education purpose only.
-Saptarish Trading