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Trends

Don't fight the trendThis is not trading advice, nor is it educational. Therefore don't read it and just go do something else. This is a chart of TSLA and I'm using it to make a point. Do not fight the trend. This may sound like the most obvious thing and yet the majority of failed predictions from "analysts" on this site are ones against the current trend. Anyone who has shorted Tesla knows this all too well. The most shorted company in the world, the biggest unicorn company in the world (in my own personal view) and all the shorts get their asses handed to them time and time again. The fundamentals may be crap, the technicals may look bad and yet if it's going up either go with it or stay away. Trading is a probabilities game and the probability that a trend will continue is generally a lot higher than crashing down in flames due to some resistance level or whatnot. I hope that some people learn from this and save themselves much unnecessary pain.
NASDAQ:TSLA
by Svetul4o
3
QUANTUM SLOWNESS - WHAT NEXT?Hopefully this post is both educational and entertaining. I was having a discussion on line about the advantages of quantum speed trading - and how it has a greater power than the human brain. For sure it is more powerful at number crunching. But quantum slowness is about trends! Look at the lovely 15 min trend. No big muscle computing power required. Just your plain slow eyes. If you had hugged that 15 min amber trend line on the break out of bad news, you would have been sitting very happy, after 24 hours. So - true trend-followers do not care about brute force computing power. The human mind is superior for trends. Any arguments? Some will be asking me what's next? How would I know? I don't have any ownership of the future. Ask your friendly guru out there - not me! :) :) Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FOREXCOM:US30Education
by Captain_Walker
3
YEAR LONG ANALYSIS. DON'T BE FOOLED, THINK RATIONAL.I am not a fan of conspiracy theory so here is the logical deal. Most of you who had investments before the crash will benefit for this going to previous levels to recoup your losses. Traders also picked up on this idea and use it in their favour to make some money, helping the stock market to go up. It is logical to go with the trend, irrational is to stay on the sidelines. Again, please be careful here because markets reflect two things: (1) - people's needs and desires (2) - the economy Now, everyone knows it is a time bomb, but it is reasonable to grow until it is not. That is when earnings and Q2 reports start coming in. The current financial indices are based on information from Jan, Feb, March, where March was slightly affected. Thus, I emphasise, WE HAVE YET TO SEE THE ECONOMIC IMPACT of April and May, where the majority of us were in lockdown. We should expect reports to be catastrophic in terms of numbers. This reports should come around late JULY. A bit before this, the narrative in the media will be directed towards "doom and gloom" scenarios and I expect late June or early July people will start predicting that shit will hit the fan. Action markets are always proactive. So, we can expect a sell-off before the actual news come in. A third-grader can see it coming. IF you ask me why not earlier, it's because as I said, something is reasonable to go up UNTIL it is not. Thus, we can expect a sell-off mid-July and for a while, we will have a lot of bad news. (July- bad, August - bad, September- neutral?, November- DING!) I think here is the time a new wave of bulls can set the scene. We got bored with the bad news and we know what is going on. Unemployment, not enough money, bla bla. But, here humans get optimistic because it "has been a while". Greatly timed with US elections, the re-election of Trump could be a great move to buy as I believe he will be able to push it further during his stay (we're talking 2024). It is logical to buy at that step since: (1) He is pro-market (2) Stocks were down for a while = a good price to go in I hope you like this analysis. I am a rational trader and I do not believe in "dark forces" who move the markets. Markets are people. (P.S. Psychology student here) Please like and follow me!
AMEX:SPY
by Slickxbt
2
GBP/USD Outlook (20 May 2020)Overall, GBP/USD is trending downwards. Recently, GBP/USD trended higher into the resistance level of 1.22400. The UK employment data released yesterday indicated a massive rise in the number of people claiming for unemployment-related benefits back in April. The average earnings index and the unemployment rate were not affected as badly since the data are based on interviews that took place from January to end March 2020, thus not capturing the full impact of the implementation of COVID-19 lockdown and social distancing measures. Claimant Count Change (Actual: 856.5K, Forecast: 675.0K, Previous: 12.1K) Average Earnings Index 3m/y (Actual: 2.4%, Forecast: 2.7%, Previous: 2.8%) Unemployment Rate (Actual: 3.9%, Forecast: 4.4%, Previous: 4.0%) The UK CPI y/y data will be released later at 1400 (SGT). CPI y/y (Forecast: 0.9%, Previous: 1.5%) Core CPI y/y (Forecast: 1.4%, Previous: 1.6%) Bank of England Governor Bailey will be testifying on the economic impact of COVID-19 before the Treasury Select Committee later at 2130 (SGT). During this time, there may be volatility in GBP. Currently, GBP/USD is testing the resistance level of 1.22400 and the next support level is at 1.20800. If the released CPI data is worse than forecasted, look for short-term selling opportunities of GBP/USD after it rejects the resistance level of 1.22400 up until Governor Bailey’s testification.
by JinDao_Tai
EURO USD Looking for grip to buy My first idea LOL, I believe the pair will find enough strength for a buy since it is approaching/ touching a major support level of 1.08360 more or less. Currently waiting for price action at this level to see if it will break. If the price bounces, my target for a long order is at 1.08750. If price has enough selling power to fall below the support AND test the same level before following a drop, i predict it can continue to fall to 1.08240. Also, stochastic is oversold on 15m chart, so possible bounce upwards is possible... Let me know if yall like his, just hit that like button
Long
by fastboiijd
3
$VIAC: $25 Short Sell TargetFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let us get into a few points. I don't usually like broadcasting companies, but Westinghouse Electric Corporation is owned by VIAC. I believe it does look like many people think another breakout for VIAC will happen or are bullish. The recent negative correlation for today doesn't scare me, and I think a $25 short sell target is reasonable. This stock also has some long potential, but there are higher growth stocks in the market.
NASDAQ:PARAShort
by gamer456148
Failed breakoutsGbp is gonna fall. It is in wrong value in relation to British 2yrs bonds yields. The bearish scenario was also predicted in my previous post analyzing just price action and Gbp index. A poor bullish price action is due to the end of the month. April candle is closing in 1 day and the european national banks trying to push the monthly close somewhat higher as we broke the historical euro 20 yrs trend-line (gbp, chf move along after euro). Coincides with our BTCUSD (85 percent positive correlation with GBPUSD) analysis where we detected a reversal after Bitcoin hit yearly pivot. For educational purposes only. Top correlation 1 day - 1 GBPUSD - GBPSGD 95.0% 2 GBPUSD - NZDUSD 94.7% 3 GBPUSD - AUDUSD 91.0% 4 GBPUSD - USDNOK -90.3% 5 GBPUSD - GBPCHF 89.0% 6 GBPUSD - EURNOK -87.4% 7 GBPUSD - GBPJPY 87.3% 8 GBPUSD - USDCAD -86.1% 9 GBPUSD - BTCUSD 85.0% 10 GBPUSD - EURGBP -84.9%
Short
by ICFX
EXY - Bearish engulfingBearish engulfing is one of the most reliable trading patterns (along with morning star) and in 80 percent cases generates a bearish reversal. Here, bearish candle engulfed 2 previous days what is rather significant. Price usually pulls back to the middle of bearish engulfing pattern before further drop. That is what we observing on Euro index. We also reached weekly R3 reversal level. Note also how price reacts at Camarilla S3-R3 reversal levels (those levels contain so called "value zone") and Camarilla S4-R4 breakout levels (so called "floor and roof") For educational purposes only.
TVC:EXYShort
by ICFX
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
BTCUSD My stance remains bearish on BTCUSD due to numerous factors. At any case I would not buy bitcoin below yearly Central Pivot Range. Only above yearly CPR and above yearly A-up. What we saw today on 4 hrs was test of the high, some call it bull trap, stop hunt, false break but it is a test of a high in trend change. Price usually moves 5 to 10 % above the last higher high (there was also a minor trendline breakdown on 4 hrs with violation of the higher low). Now we faced resistance below yearly CPR and 2020 opening range (initial balance), price is likely to reject from this level. This is my opinion and not financial advise of course.
GEMINI:BTCUSDShort
by ICFX
2