This is absolutely not a picture perfect setup. The way price is going up is a little wilder than I like if I have thousands of stocks to choose from. The MACD is just there to show you I'm a serious trader. Bullish elements: It is technically a strongly bullish market, it has made a 52 week high repeatedly, and it is increasing OBV, with MA's moving upward....
Looking for weakness in the S&P to end the weak. It's been a rough week for me, but on a paper account I can afford to keep firing away and molding my strategy. Fib levels: mostly just to have something to draw on the chart. I think most of us can tell without lines when price has retraced 50%, 75%, etc... RSI: I'm still sussing out for if it is actually...
This is a stock trend trading strategy that is heavily reliant on indicators. I was seeing if I could use this same strategy for futures, and surprising no one, it does translate. You need at least 2 of the indicators to be giving you exactly what you want, and the other indicators to be at least not working aggressively against you. This is a super crisp...
This is a non-specific pattern that can be found in any market. I am training my eyes to look out for it. Soon I will be able to trade it. I can do hit the entry in sim just fine when I have nuts the size of the moon, but on live it's a different story, and you and I know it, so practice practice practice. Being able to stack the probabilities in your favor for...
Why are options valued the way they are? I'm working to elevate myself from the mind-space of 'just be happy whenever it's green'. This one was a simple Buy Call. Apr 16 $35.
I went long a 240 call option earlier this week on a total gut play, and it turned out to be my best trade. Now I'm reviewing to get some positivity in to start the weekend, and maybe put into trader language what my gut was seeing. Key things I notice about the trade: Non-Indicator elements noticed: - It had nice bounce off the most easily visible liquidity...
Pound dollar is reacting nicely to liquidity zones. It has made 2 impulse waves and is possibly nearing the end of 2nd corrective wave, leading us to think a third impulse may be imminent. The price channel it’s working through is a fairly tidy one, but if it is to continue the impulse, the channel must break. There is some nice liquidity near .5 fib level we...
Looks very much down-trending...it could also range...it could also go up. I see more argument for sideways/downward continuation.
Not an Elliot wave person. Just watched a video yesterday now trying to use it before I lose it. Medical Imaging company that's fairly new. Very reasonable to say the elliot wave patterns of the larger picture are just beginning if you think the elliot waves are law.
Techniques used in attempt to seek confluence: Fibonacci bullish bias, Trendline value placement, Value magnetism, RSI Divergence/Convergence.
Taking a long entry that coincides with uptrend, demand regions, and .618/5 fib level. Supply and Demand is a very simple method. It keeps us out of doing advanced diagnoses. Sometimes simple is better. Will this approach lead us to slaughter, or greener pastures? Let's find out.
I have some Z Cash I was checking in on, and it is earning money, so I applied my TA on. My plan is to hold until the end of time, ergo, pointless exercise. I do not keep my crypto on exchanges because my bitcoin got stolen off of them previously. To this day I won't do the math to see how much I lost in that robbery. Beyond my sob story, point being I cannot...
I think it is short in the near future, but long overall. I saw a similar thing happen last week Sunday. Rally hard to close week, big selloff to start new week, then a full week of rallying. I don't see anything that's changed. Long term I think Russel is looking bullish. I feel like it's a little extended at the moment, so I think we should expect some...
BA is in a major uptrend. I'm taking the easy ones this time. If only that were my mindset all the time. Anyway this is a much more clear cut example than my first attempt with the downturn predict. This example, there is a lot more data to work with and it is easy to draw in control and channels. Maybe a good thing to learn from this is not to try to predict...
Confluencing trend reversal signals as described in 'Price Action Breakdown'. I have yet to effectively apply the reading. Still trying to make sense of it. using it only when appropriate. that sort of thing.
Adjusted some lines on BTC chart. Looks like the pace of the uptrend is waning. Buyer's still showing their support clearly means it's not time to throw in the towel just yet.
If you're late to the party, like I am, 10-year has been getting ridden way down in '21. I see the 'M' reversal double bottom. There are some subtle signs of bullishness, including flattening 200 MA. It's been a steep downhill run, and I would expect the momentum will continue with another spike low. but. every trend comes to an end. I would much rather be the...
RSI, Double Bottom, Value Areas taken into account. RSI, double bottom make me very bullish. I believe that action has been accounted for in what we see already. Using value areas, I would think we will see price gather lower before successfully breaking current ceiling. TLDR: Don't sell, don't buy. Go home.