BillionaireTomBoi

BillionaireTomBoi

Shorting the SPY all year if we can’t break & hold above this channel. If u can’t afford to short, buy an inverse derivative like TVIX or VIX...

BillionaireTomBoi Updated 

EURUSD is entering a previously formed price channel. buying at the green, selling at the red. at some point price will break above or below & the same process will begin again... simple as it gets.

BillionaireTomBoi

I don't plan on touching btc until price reaches these green lines. When support is found, profits can be taken a previous green lines...simple as it gets...

BillionaireTomBoi

Looks like BTC will fall to retest the most recent support levels... Also, my previous EURUSD Long has been closed. Profits were taken & I’m now short, expecting a new weekly low next week... or bounce off the most recent low, at which I will reverse to go long for at least the next month.

BillionaireTomBoi

I previously posted a LONG entry on the eurusd. Entry was at a 1 min double bottom, just before price crossed & held the pink downward sloping, dashed line. 1st profit target is the purple line, unless the 1st box cannot be passed & price holds above. In which case I’ll exit & reverse for a SHORT to the bottom red line.

BillionaireTomBoi

Trend channel analysis.

BillionaireTomBoi

awaiting a buy opportunity to take advantage of this red channel. buying the bottom & selling the top, at the breaks of the downward/upward sloping trend lines within this channel.

BillionaireTomBoi

btc just held the upward sloping trend. i've already added to my position, awaiting a pullback to add more as long as the trend holds.these new shares i've entered will be sold if price cannot break through & hold the top red line. this will exhibit weakness & potential failure of this position, resulting in the upward sloping (green line) trend. a failure of this...

BillionaireTomBoi

Any decent trader can see what I see here on the DAILY. I'd be looking to add to my LONG-TERM position at a breakout to the upside, above the downward sloping white diagonal line. If this current support level (the upper green line) fails, I"d be looking for buy opportunities at the bottom green line, a solid area of buy support. I'd appreciate your feedback on...

BillionaireTomBoi Updated 

Simple way to spot a DOWNTREND = when horizontal channels continue to form underneath previous channels & price breaks below the newly formed channels. Seeing other trader's chart drawings & consistent practice drawing your own will help with quickly spotting trading opportunities.

BillionaireTomBoi

Current trading levels in EUR/USD. I just got into a quick scalp long. Will reverse & go short at the 1st sign of weakness at the top of this channel or wait for a retest of the current high for a larger move.

BillionaireTomBoi

There’s no need for a trader to “predict” what future price will be. Though this is entertaining, it’s not practical. As more & more traders begin to see the same picture/projection on their charts, the professional trader’s job is to simply enter & hold, forcing price to move in an AGREED direction at any given time.

BillionaireTomBoi

channel failure with room down to $9409 area

BillionaireTomBoi

buying lows, selling highs for day profits. long term holds from previous buys below $4k in a separate account from my day trades...

BillionaireTomBoi

Just my interpretation of the Litecoin consolidation. Short Term Long here at the bottom of the BLUE CHANNEL. Half profits may be taken at the top blue line (channel top). If price continues to hold above the blue channel, the next PROFIT TARGET will be the green DASHED line. The DIAGONAL green line notates a trend break. Price has broken the downtrend & held...

BillionaireTomBoi

Simplified psychology of chart patterns: Traders learn chart patterns but are to impatient to wait for them to show up in the right places. The point of learning to spot patterns is to be in a position to enter a reversal before price takes off. The KEY to trading chart patterns is to only trade them when inside a channel. The attempt to enter into a position...

BillionaireTomBoi

just drawing lines out of boredom lol... 1. be patient for channels & levels to form 2. mark levels & be patient for entries 3. buy the lows sell the highs. Cant get any simpler than that.

BillionaireTomBoi

The best asset to hold in 2019...