4.30.23 I decided to finish this with this third video. My main goal is to look in more detail with the price action of the coffee chart.... and I'll do this one another day. Look at some of the patterns that I talk about and see if you can draw them on the chart and be able to describe them verbally. You won't learn to use these patterns unless you draw them.
4.30.23 I finished up natural Gas. I talked about oil which I think is at a good support area...But it got Higher and has a big Buying tail. My concern is that the market could gap on the open and possibly go lower to fill that strong move higher. So if I was already long there's a good chance of giving some of the money back. On the other hand if the market...
4.30.23 I'm going to make two or three videos this weekend in an effort to clear up Misunderstandings and misconceptions about how the market should be traded. Generally speaking... for myself... I picked the markets that have features that I understand... that allow me to use the tools that I need to make a trade decision. In reality if I were not posting...
4.28.23 I think oil Is going higher and that you could enter the market with a small stop... the video gives more detail. Tesla Completed A gartly pattern and an ABCD pattern.... it actually opened at the low yesterday and then proceeded to move higher. Obviously in retrospect that should have been a two bar reversal and a long trade at the low. You might...
4.27.23 The video is a follow-up on Tesla. It looked like it was going to trade lower and that's what it did. It may be A gartly pattern which is a reversal pattern as is true of all harmonic patterns. I'm not a big fan of harmonic patterns, But I think it's important to analyze the details of what works for you and what doesn't.
4.27.23 This video Is an analysis of coffee, but it is really an analysis of price action and reversal patterns for buyers and sellers. this market services buyers and sellers. The good buyers and the good sellers will make money in this market, and if you take a look at Trades that could have been taken if you could find the proper trade location... it might even...
4.26.23 This video looks at silver and coffee Looking at trend lines on the silver market and price action and GAP relationships on the coffee market.
4.25.23 KC1! In this video I use coffee as the example to talk about gap relationships if it will help you determine where the buyers and the sellers are... and where the market may reverse.It is extremely helpful in making trade decisions.... before you're in a trade... and after you are in a trade. Once you get it.... you can just see it... and make quick...
4.20.23 This is a follow-up gold chart from earlier today. I decided to post this because this is an example of how a higher time frame such as a 4-Hour chart can give you more immediate and more relevant information than a smaller time frame... which makes it much easier to trade.... and you don't really miss anything even though we used two bars on a 4-Hour...
4.20.23 Tesla is going lower. I think it's going to move to a Gartly pattern which is a reversal pattern. I would not actually trade it to go lower because it's going to be a gartly I would trade it to go lower because the price action Is showing you that it's likely to go lower. It's not a gartly until it meets all five points and that's usually determined by...
4.20.23 In this video I am showing the setup for Palladium and how I use the tools for a future trade.
4.20.23 It occurred to me that I should have Titled this Bobby's homework assignment. Some people just aren't made to be traders. Some people really can't take risk. Some people don't have the money to lose. Believe it or not, There are some people that just can't be wrong and because of that they can't trade. Andrew Menaker talks about that. You have to be...
4.18.23 Gold: In this video I was trying to review the price action of gold and how you can have a fairly predictive way of knowing where the market might go and what that means to buyers and sellers. this is not necessarily Your signal that you must trade your strategy or be a stop and reverse trader....It's a way of knowing when the market is likely to change...
4.17.23 DXY Gold Lumber Coffee This followup reading the market.
4.17.23 Oil is a tough market to trade right now... I explained in the video. At the reversal for the market to move higher on the lumber contract.... that was a little tricky, But if you didn't get spooked out of that market when it started going lower but didn't make a new low.... that's your clue that the market is going higher. We need to watch lumber on the...
4.17.23 Follow up on gold and coffee using our indicators and spending some time on gap relationships So that we can find Reversal patterns And calculate Probabilities with more accuracy. As long as you have decent volatility you can make money as a buyer and a seller.
4.14.23 There was a good short trade on gold today that I missed because I was preoccupied with other things.... but the reversals are always the same way with slight variation....So it's worth Going over that market even if you didn't actually trade It because I'll show you all the tools and relationships that you want to look for that are on the chart to help...
4.14.23 I'm going to add a couple caveats to this second part: I focused on a market that was trending lower and coming to an area where I wanted to be a buyer to open a trade. It is my favorite trade without a doubt. there are other times when a market isn't really Overbought or oversold but it may be trending and it's doing retest where you would look for the...