What do you think about G.o.l.d ?
Currently hitting a key resistance point that has held multiple times since December i am looking for price action to confirm below the zone and even the small trend line to show clear breakage of the wedge. So far that key resistance level seems to be holding to validate the short but with the wedge a bullish push could see it creating new higher highs.
Just a matter of patience to see if we can test and retest the support zone thats acted as resistance support for many touches. If so ill be looking to enter shorts around that area.
Caught a lovely little buy today from 2163, Looking to close around that resistance line of the possible wedge. I'll then be carefully watching to see whether it breaks out or acts a resistance and pulls back to bottom support. Either way, SL past entry..Time to just not let those emotions get in the way, Hold onto some winners and go for a walk. For now B1GFUDG3...
I'm considering this trade, I'm not too familiar with fib but I am trying new strategies. Any recommendations would be great! Currently a very over bought market on my stochs. It has already fallen -0.16% for the day from its high. I recognise these are unprecedented times and anything is possible so would like some outside perspectives.
WOW, Today was a GREAT battle between the Bulls & Bears! After great success with the start of The Big Short I got caught in the crosshairs of this great consolidating battle being tugged back and fourth, Stop loss after stop loss. Finally i just had to take a step back, Breathe! Go for walk, Open your eyes. Let the battle commence whilst you sharpen your sword...
And so it has begun, The smoke is starting to clear and the real value is appearing in the background. I see it dropping further to 1900/1800 before levelling out into a range bound market. Lets see...
Let us know below, Head n Shoulders ? Range bound to breakout ? Resistance breakout ?
Descending Wedge....Double Top....The possibilities are endless.
So if you are following me you'll have seen the updates and speculations towards The Big Swing, Which completed last week. Each target was reached with 2000 being the final target. Now you would have also notice me also speculating further climbing of everest which could still be possible, We have enough oxygen, done the 2nd peak now we can see the final...
Well, After a historical month for Gold my Big Swing idea has completed and successfully hit all set targets. What now you ask ? Well it's simple, 2100 by friday. 5000 within the next 5 years. Yes thats right, Its not stopping here, This is only the beginning of our adventure. A taste of the starters before we move onto our main course. Whats the main course you...
It is a rough time for many banks, But that does not mean it is necessarily going to stay like this. With Warren Buffet currently increasing his stakes in the BAC (Bank of America), Whom also holds large similar stakes in Wells Fargo with both being extremely similar especially on the charts. We could actually see Wells Fargo stock vastly increase, Now i am not...
3 Words. The Quarters Theory. Thank me later. RSI, Stochs, MA...
As a wise jew once said you can lead a ''horse'' to the bowl but you cant make it drink. My analysis is self explanatory and gives way to 3 possible high probability scenarios this week. We could see a classic double top then to the downside, We could open bullish and forget about ever touching 136 for a while. Or we could continue past the 50 MA with a daily...
SO why cant i be a robot ? what even are emotions ? I did my analysis, I did my risk/reward, I entered, Im enjoying the profit. Then boom starts dropping and before i know it im in negative and my whole moods changed. I switch to a lower time frame and im nervously watching it -200, -400, -500, -300, -100, +20, +2 CLOSE! AND breathe.+2. Well its better then the...