Part 2 Of Back Testing Enjoy
My Strategy Is Base Of Market Structure , Fibonacci Retracement And Consolidation Breakouts On Any Time Frame But Mostly On 5 min Chart Enjoy
The Bias on Eur/Usd is Neutral, price will test either support or resistance during the week and we will be looking to take the opposite direction trade.
Giving You Guys A Nice Back Stage Access To How I Get Ready For A New Trading Week
Bitcoin lingers within the 11,600 to 12,300 resistance zone. This can be interpreted as a sign of strength since resistance often asserts itself quickly. As a result, price appears to be developing another triangle which can act as a trend continuation pattern and it may break higher this week. If we get a new buy signal, price is now in a position to test the...
U.S holiday price action appears to be playing it's part in Bitcoin's slow price action, but this doesn't change anything. Bitcoin is in a consolidation within a broader BULLISH trend since April. Price continues to probe range lows which does NOT provide any evidence of progress or TREND on our time frame of interest. Keep in mind weak markets BREAK supports,...
Bitcoin is NOW in a much more attractive location when we consider the reward/risk and probabilities based on our long only swing trade strategy. For those who insist we are in a bearish trend, make sure to check the structure on your larger time frames, because there is still nothing bearish about this market (trend is a subjective word that is relative to time...
Bitcoin continues to linger in the range. So much for overly dramatic and reactive bearish predictions. Hopefully by now you are beginning to realize that opinions, especially those that are based on emotional tendencies are not helpful to hold onto. In this video I will explain the TECHNICAL reasons why we continue to be bullish, and how we select a price when...
Bitcoin price action is beginning to lean to the negative side, BUT that does NOT qualify as a trend reversal relative to our long only swing trade strategy. The recent minor sell off to the 9K area is nothing more than range bound NOISE. A trend unfolds in a way that makes progress, it does not gyrate within the middle of a 1400 point range for long periods. As...
Bitcoin recently sold off from the 10,400 high resulting in the usual run of the mill overly bearish REACTIVE predictions which may have convinced you to sell. Please realize, it is not their fault that they are unable to see the bigger picture. Reacting to price information is a very common mistake and a mark of inexperience. The first thing we told our followers...
Bitcoin has found some support in the lower 9Ks, but is NOT yet providing a clear buying opportunity in terms of price structure and setup. In previous analysis videos I have been anticipating a range bound price formation and that appears to be what Bitcoin is producing at the moment. So how are we going trade this in terms of our LONG only swing trade strategy?...
Bitcoin didn't sell off like many were ranting about a week ago. Instead, it found support around the 8500 area (like I wrote about) and produced a very aggressive buy signal which we mentioned but did not take around the 9000 area. So you may wonder, if we are so bullish on Bitcoin, why would we not take a new buy signal? It all has to do with the RULES that...
EN has been in a consolidation box since 2011, (when i started high school) it broke out of that box at the beginning of March and is currently retesting it, we have seen a failed attempt to re-enter the box(4/28 17:00- 4/30 13:00 UTC -4) which acts as a spring based off our wycoff principles. The aforementioned fakeout to the downside acts as the beginning of a...
Hi traders, Tuesday meant 2 losing trades for me. Should I be upset? Well, there's no reason as both of them were according to the plan! If I broke it and won I should be at least a little angry with myself. Had I broken it AND lost at the same time, I should have been really furious. The trading plan gives you psychical support even if you're losing. Today's...
This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Good Luck!!!!!!!!!!!
This is an update on the biggest bull run in history. Watch out - the DJI could head for the moon, or hesitate (consolidate), or fall grudgingly before charging north or south. Eh? Like some people might have wanted me to make a commitment. I'm not doing it, cuz the whole thing is extremely ridiculous. LOL! Right - so this is only about possibilities and...
Mr Trump has strongly disapproved of Bitcoin. The markets couldn't care less. People are holding on to their Bitcoin in a zone of consolidation on the daily time frame. The consolidation pattern is safe down to around 9500. Bitcoin reached 10 times the recent high price of gold at one stage. I look at possibilities positive and negative for the future. For a...
Staying long, patiently waiting. Protective stops still in play :)