I shorted Nasdaq within a few bucks of ATH. monday lifted after closing 7 green weeks in a row, rallying 12%. It could keep going but it's a good RR double top play. I would expect some liquidity to get nabbed possibly before retracement so I kept the risk lower. It sold after I entered so I'm regretting not going much heavier now :P
A rare and high probability signal, Nikkei has printed a horn here in a bull run. These are historically rare on high tf and generally signal reversal.
Price on NQ has fixed sideways. PA has generally been strange. Assuming market makers do have control of the price, this consolidation period will build buy and sell side liquidity up. I'd anticipate we might see one more grab at the sell side liquidity and then retreat. If for some reason the money printing continues, then we have a good high tf regression to...
I found a regression in the NASDAQ price that helps make some sense of the PA. Although the price fell a level yesterday on the bond auction/jpow talk, the trend still appears to be up. I managed to get a long on the breakout, unfortunately it's not a heavy entry.
I'm collecting funded accounts now that I have consistency but they're all small so my plan is to fund large 400k account challenges with profits out of 10k accounts. I have a 10k swing account I got funded with Oct Friday the 13th - I'm trying to figure out what to do with it and I think that finding a short to hold against risk assets is probably the...
BTC is one of the most interesting assets as it's so heavily controlled by the perspective of a myriad of bots. While a lot of traders think of trend line as "magic lines" that don't mean anything, there is 0 doubt in my mind that bots follow. the regressions so finding the different perspectives can give good guide lines in combination with liquidity conceps....
This is just an idea, but I think btc may broaden a bit and reach for 32k. A lot of people are caught on the spot BTC narrative but financial institutions have more worries than whether or not they can carry BTC Spot on an ETF. Media will keep lifting BTC and crypto will keep getting sold to anyone willing to take a risk. We're at the start of a major financial...
Here is a chart that shows the US money supply and S&P, with some events noted. You can see that, when the covid crash occurred, the money supply expanded dramatically. Most people will attribute this to stimulus checks, there is also a calculation change there which is highlighted in grey. But FRED also highlights in an article that the fractional reserve policy...
Consumer spending is dropping, looks like the trend is broke but need to see that lower low.
After jpow stepped up, risk of sentiment has gripped the markets. I thought we'd probably regain the smaller uptrend, but that looks invalidated, so I'm zooming out a bit. Under 14700 it looks like a possible trend break, under 14500, nasdaq is printing a lower low. We'll need to keep reading the data - anything could happen and you can't predict the...
The uptrend appears broken, but I believe that we'll likely regain the channel and head to 16+. Need to be a little careful as the economic conditions are showing growth collapse, but I think any hint of rate holding/reduction from the fed will cause the market to rally. Keep an eye, stay safe. I show a couple liquidity targets, and the channel that was broken...
Nikkei dropped a bit, likely with nasdaq chip selloff on waning consumer demand. The nikkei boosted almost 7% from the date that china cut rates. I'd be looking for the gap fills in either direction. Likely there will be a little fighting on market open Monday (Sunday for me) but it should be pretty easy to trade.
NYSE hour open is when a lot of movement occurs. I've learned to focus on those times. Europe and asia hour one are good too, and the time between the markets is low liquidity and can often move a lot, but sitting down 9:30am ET and watching for the few hours after that are where you're likely to find some big moves. You can see in my chart a couple big BTC...
Hello retail traders! I'm sure you are checking the statistics on all of the concepts that people are presenting to you! You are surely not trading rsi divergences or macd strategies with all of your money without validating them statistically! I have a prediction for you today that the market is turning leprhechaunish. You'll notice that there is a leprechaun...
You're probably bullish over 30k but I see 29.5. Have a look. Not much more to say. Watch the trendline for break. I'm shorting from here.
Here we are, peak insanity/euphoria. We are at the top. Stay safe
(sorry - ignore the strategy noise on the right and indicators- I'm working on some ideas) We saw the FOMC hawk pause shake the price down to test the trend twice, before ejecting up and out of an ascending wedge. This euphoria is unusual - historically these setups play out on a breakdown 80% of the time - to see the markets rally on a hawkish fed stance was...
I think btc will probably have a few periods of dramatic price action soon - big peaks up - but I suspect we will ultimately see this fail. Can see the area I'm watching as a consolidation zone. I suspect the sellers will drop off, and some rally may fire, but will fail. The chart squiggle predictions drawn show more of an average but I think you'll see at least...