Copper. Might be dropping in near future. Downtrend looks formed.
Trying to draw in control price. As usual I'm allowing the market to frustrate me. Getting my feathers ruffled is a habit I really need to kick.
Patience patience patience patience patience patience
First stock of my bi-weekly review. Able to wake up at a decent time actually... feeling at peace with no markets to look at today, and I have all weekend to make adjustments to my flight plan. Finally realizing I have made one of the more difficult career choices. Up to me to make the payout worth it so let's have at it, time to squeeze the brain and see what...
This will be lacking greatly compared to the book, but I have done my best to create a mirror image and explanation of one of the ideas. There are actually several important ideas that would help you generate what it is I have attempted to simplify here. I think if you try to draw value from this you might end up hurting yourself... But this is a place for me to...
I am usually getting chopped up on the minute charts in the Nasdaq and Russell... Those markets are absolutely brutal... Now I see this market... it looks like someone bought it in a magazine. It's been in a downtrend for 80% of the last year. Since I'm noticing it now is obviously the proper time for it to sharply reverse, but seeing this makes me think that it's...
More practice from Price Action Breakdown Chapter 3. If you stopped to master this chapter, you might not take another step in your life. I will have to keep pushing the pace over the weekend to get the material in. I will set my goal a finish this chapter by Sunday. Quality may go out the window, but executive decision are being made. Will have to re-read this part.
Weekly is strong bull market. Daily just touched the 50 EMA and gapped up. Current candle is showing indecision. Good time to place your bets.
If someone knows how to do a multiple time frame view please would you share this with me? I would like to be able to post analyses with the Lower Time Frame perspective as well.
This one is a little bit of a reach, but I've done my best to corner it. --- The Offspring and caffeine are the only things giving me life at the moment. They are literally propping my mental up like crutches in the armpit.
Some ideas you can use to assist in trend change identification.
Now that I'm trading more actively, I am very tempted to get out of my long position in Tesla and free some capital... So I decided to draw in my lines and see what they told me. After doing so... I don't see how its possible to get out of this stock. My gut told me to sell when it had been simmering at the top supply area for so many weeks... and I did not....
Possible sell strategy for gold. Use in combination with your favorite confluences. *Edit* The sell zone got tilted somehow between drawing it out and publishing. Sorry about that. It is supposed to sit above the top trendline.
Trying to maneuver our way into how to enter actual trades during this chapter. Talks about reversal patterns and candles are happening. The eventual talk about how "not everything is textbook" and "you just have to use your best judgement" is also being aired. He keeps talking about selling when price is in the upper area of the channel. Probability states this...
Next section of Chapter 2. This one tried my patience a little bit, but I think I was rewarded. My findings feel pretty clean. --- Monthly look at BIDU. Investigating how time spent above or below control point in a channel can signal the future of a trend continuation or breakage.
I am trying to identify pullbacks within a strong bull market. Doing everything as textbook as possible. Any suggestions from people who have had experience away from the textbook with a similar strategy?
I find myself trading only MA's and pattern breakouts, and I want to see what adding indicators will do to my decision making. If I looked only at the indicators here I would say it is coming off of a recent low, and should be fine to continue higher. If all I am doing is reading the signals as they are presented, I would think it's coming off of recently...