Hey Guys,
As you may of seen earlier on my stream, we need to be using all Timeframes to be accurate when trading..
WHY? Well it's simple. Without them you are BLIND to the longer term market.
Short timeframes cater to SHORT TERM Trading. You cannot take long term trades or get a long term view of the market with short term timeframes.
So understand their true...
We saw a major drop of 44% with Steinhoff to just 90cents and Its market capitalisation lost as much as R3bn in the fall from R6.9b yesterday
Steinhoff is in troubled waters with a debt of R185 billion.
There is a deal where if Shareholders will agree, they will end up owning 20% of the company.
The Creditors will own the rest.
The problem is the company...
Well there you have it.
The BTC Market Slides and slides on Poor market sentiment after the FTX crash.
Many Traders will have seen the current price we are falling to (circa 14K) and thought ah, we won't get there..
Well we are almost there. Which is why you must know what a Black Swan is and how they can and will happen.
If you are fully prepared for such...
Cast your minds back.. Oil Falls to MINUS Value. People are just giving barrels away instead of paying to store it. The value absolutely Wiped out because of fear and mass selling.
Many Traders at this point got extremely scared and thought it was NOT time to buy into oil (In many ways) and all was over. The fact is, despite the price being extremely low and...
Often what comes across my Desk is Traders Applying Stop losses into their trades. Well, I'm here to tell you that I never use stop losses.
Scary, huh? NO. I see Monthly Gains with the use of no stop and a change in strategy..
You see usually when Traders are using Stop Losses they look for Risk and Reward. But what affects risk and reward? Is Risk and Reward...
Traders,
From a technical perspective CULT DAO remains absolutely perfect. So, in this video, I will both do technical analysis on this coin and I will also use the chart to show you how I will trade this going forward.
Best to you all!
- Stewdam.us
For More Daily Detailed Analysis, videos and Trading lessons please feel free to click on the follow button.
As we head into Monday we have a different market bias to the start of last week. With Diplomatic talks ongoing, the market is somewhat halted across the board relying on a better outcome.
From a technical basis, lots of assets have seen sharp rises on...
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Here we have got our GOLD chart.
Gold has seen sideways movement due to current market sentiment. As we discussed, gold is a safe haven for investors and often rises in times of Poor news sentiment.
Since the news is not currently clear it is causing markets to sit.
We are...
For more detailed daily analysis, feel free to go ahead and click the follow button!
Here we have our updated GBPUSD chart.
Previously we were long and now with the Recent price rejection on our daily we are looking bullish.
We are way off KEY MA's and down at Key support.
Our stochastic oscillator is low and oversold.
Long target is noted by our directional arrows.
For more expert analysis and trading lessons on a daily basis, make sure you follow me!
Here we have our ETHUSD chart.
Similarly to other analysis on highly volatile assets, It's a good idea to trade small.
We are looking to RE short at the highs.
For more expert analysis and trading lessons on a daily basis, make sure you follow me!
Here we have our updated SHIBUSD Chart.
After the long target set in our last chart, we can take this time to go over a lesson in trading.
Assets like SHIB and many other coins are highly volatile as they are new. This hype causes large fluctuations in price.
If you are...
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Here we have our XRP chart. XRP is a popular cryptocurrency amongst traders.
As you can see we are looking long at this strong rejection zone. buying power has been seen previously around this area.
We are also far off our Key MA's that price will return to.
Price has touched down and is...
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Here we have our GBPUSD chart.
After hitting our previous targets, we are now looking to take the GBPUSD long again. If you are wondering why, there is several reasons which are key factors and which you should use in future trading strategy.
We are at a point of previous price rejection....
Here we have got another EUR pair.
As you can see, the EURAUD pair has recently taken a move back up. We are going to discuss and examine in detail why we would be going short now and why we would be taking it long again, for a longer term trade.
These key points really are fundamental for any chart, you must first understand risk management and then proceed to...
