Many of you will be reading around that the S&P and various Indexes are pending a larger fall. There is always a technical and fundamental reason for this, both of which you can see via news outlets or indeed by completing technical analysis. And people do not make these claims lightly. Whether you are a day/intraday/swing/investor style trader it is still...
Hey Traders, So I mentioned that GBPUSD will likely fall from Price Action Levels higher up. We got exactly that and we still cannot see long side bias amidst a strong USD. Each push up and rebound on each level of support is causing minor bounces. So, here is why I'm planning long entries below. Watch to learn where and why.
Hey Traders, In my previous post I mentioned to exit any longs taken on impulse. That is because after impulse comes dumping (as you saw, check 4H 200 MA). If you are an investor you will need to believe for the long term. That is optional, but nonetheless I have mentioned a key Tech zone ATM.
Hey Traders, Well. Here we are again. An enormous rally to previous highs. And why would you not short? 1. Enormous Rally. 2. Long Term Rejection Hit. 3. Way way off Key MA's / Higher STOCH/RSI. Not time to buy :)
I just finished a market runover for my Academy Members and thought I'd run over a chart before we start Mondays Trading Session. This chart is an important one on the global scale and is going to be a front-runner in many investors portfolios. I've made this post an important asset and one that lots of traders ask me about on my streams and also privately, some...
Hey Traders, You may have seen my last video post on the USDCAD. I updated it long last night at key M Support. You may now exit for gains and look for future areas. Watch for more.
Hey Traders, Sometimes, after sustained falls you hit very early levels of resistance and its harder for price to immediately pop up. It's no different on the AUD on your 5th week of falling. I'd sure rather be long than short however. Watch for more and trade it sensibly.
Hey Traders, Here is my PA take on BTC to give you an understanding of how reading price charts helps a lot in predicting future price movements especially now. That's because we are landing at previously long zones and seeing a reaction on minor Timeframes. Judging price by looking at what you can see gives you a great early indications. Trade safe, trade small.
Hey Traders, Lots of Traders forget that prices always return to your MA's. Just check throughout history on any asset. Its about Scaling in without overleveraging. If you overleverage and take too many positions you will be blown out. The game is simple. The market will return eventually, you just have to trade sustainably until it does. That means; 1) Max...
Currently you have seen EURUSD fall 6 weeks straight to reasonable support. This gives only a long bias in the near future within the current uptrend. Further levels lower also exist. Always wise to PRE Plan before key news events to the upside and downside of any market. So here it is in a quick 5 min video.
Hey Guys, When people say history repeats itself in the market.. All they mean is that when people buy before they buy again. That is simply what makes money. Buying at preferred cheap prices and selling them at preferred higher ones (hence visual price rejection). As I often say in my posts, if you don't believe me, all you need to do is open practically any...
Hey Traders, So we previously looked long on a significant fall. Exited longs for gains and then flipped short to which we are OUT. We are now approaching minor W Support for new longs.. Looking for minor TF bounces and further risk averse longs on a further fall under Prev hit support (may take some time)
Hey Traders, The Jackson Hole Speech by the FED Chair is looming. This is slowing markets as Traders anticipate the effect it may have. The SPX is a really good way to look at it in detail. Watch for more.
Hey Traders, I previously posted RE the short zone labelled. That's because we knew it was likely we were (and aren't) done yet. Looking to scale in long on falls. Trade it small.
Hey Traders, Sometimes its best just to look at your charts and ask.. 'Why did price fall here last time?'. Well, it's simply because people sold. So you come back to it and what do you do? Watch for more.
Hey Traders, Plotting your new entries is important in catching longer term moves. After an enormous fall, followed by significant rise, we can look to plan shorts ahead. Long entries come way lower.
So I have been going over GBPNZD for a while now.. That is because it is EASY to look at and get a basic understanding of what you should do. High Price = Get Short Previous Short Zones = Get Short. Just open ya eyes. PS> Entered shorts, further shorts applicable at drawn zone.
Hey Traders, Lots of people are saying 'wow, this is going up I really shouldn't sell'. If that is the case you are a BUYER and you are buying into high prices where people have already liquidated and flipped short. That is what smart money does. Short at highs and get long at lows. Watch to learn how you can replicate this.