Market Watch: Commodities Bitcoin Currencies - 30 06 2019
Every thing has been rallying but at the same time 29 May to 07 June I had 12 swing trades and I didn't even look hard for them.
And now there is not much. Is this going to be like last year? September is only 2 months away.
Maybe all the professionals that make easy setups left and now only retail is left and they are full random and FOMO.
I don't know enough to say anything conclusively, what I know is I will stick to what I know. If I have a slow summer so be it, I don't really care.
Gold: Just waiting for pullback or continuation pattern. Might have a buy next week. If there is not so be it.
Jesse Livermore 1 century ago was dealing with "you missed out" idiots, and his rules including waiting for the right entry and being patient and not chasing 20 moves, have kept being valid, and almost all the "you missed out" idiots blew up, and history did not remember a single one of them. It remembered Jesse Livermore.
Wait for a signal. For me, there is none here. It has been shown that random entries were profitable too, as long as there is a stop loss obv... I rather wait.
Oil: Looking to short at $60 with a stop loss of ~50 cents. If we make a rounded/double bottom and flash up maybe not.
Copper: Not trending strongly. Not interested in in while we are away from the supply area.
BTCUSD: Once again, this ponzi is repeating this pattern it has made over and over and over, both at tops and bottoms, and apparently all these hodlers are too stupid to figure out. I will make money with my eyes closed as long as it keeps working.
Depending how we get there, will short between 13500 and 16000. Might miss out, maybe these unbelievable idiots figured it out and now are FOMO overcutting by 10 ATR as they love to do. I can imagine these deep imbeciles that never had a single idea pop in their heads see this and get all excited. God they disgust me.
EURUSD: Nothing new, just waiting to go short.
USDJPY: Moved a little, nothing really new.
GBPUSD: I see nothing
AUDUSD: Going up...
USDCAD: I see a hammer at the bottom. They have a high winrate, let's see how it goes from here.
USDCHF: Sell support retest, or buy mighty support.
EURJPY: Looks like this could be the double bottom reversal. Bull bias until at least 125 or we reject neckline.
EURAUD: Looking to buy in liquidity area.
GBPJPY: Waiting to buuuyyy.
NZDUSD: Another double bottom rally to hop on.
EURGBP: Oh my. Another laws of physics pattern. Only Other I saw this year were Soybean futures and Bitcoin monthly chart.
Eager to sell. My entry and conditions are a secret but I will make a post when I get filled.
GBPAUD: This feels so 50/50 coinflip. 50/50 coinflip with a RR of 5 to 1? YES PLEASE!
And now there is not much. Is this going to be like last year? September is only 2 months away.
Maybe all the professionals that make easy setups left and now only retail is left and they are full random and FOMO.
I don't know enough to say anything conclusively, what I know is I will stick to what I know. If I have a slow summer so be it, I don't really care.
Gold: Just waiting for pullback or continuation pattern. Might have a buy next week. If there is not so be it.
Jesse Livermore 1 century ago was dealing with "you missed out" idiots, and his rules including waiting for the right entry and being patient and not chasing 20 moves, have kept being valid, and almost all the "you missed out" idiots blew up, and history did not remember a single one of them. It remembered Jesse Livermore.
Wait for a signal. For me, there is none here. It has been shown that random entries were profitable too, as long as there is a stop loss obv... I rather wait.
Oil: Looking to short at $60 with a stop loss of ~50 cents. If we make a rounded/double bottom and flash up maybe not.
Copper: Not trending strongly. Not interested in in while we are away from the supply area.
BTCUSD: Once again, this ponzi is repeating this pattern it has made over and over and over, both at tops and bottoms, and apparently all these hodlers are too stupid to figure out. I will make money with my eyes closed as long as it keeps working.
Depending how we get there, will short between 13500 and 16000. Might miss out, maybe these unbelievable idiots figured it out and now are FOMO overcutting by 10 ATR as they love to do. I can imagine these deep imbeciles that never had a single idea pop in their heads see this and get all excited. God they disgust me.
EURUSD: Nothing new, just waiting to go short.
USDJPY: Moved a little, nothing really new.
GBPUSD: I see nothing
AUDUSD: Going up...
USDCAD: I see a hammer at the bottom. They have a high winrate, let's see how it goes from here.
USDCHF: Sell support retest, or buy mighty support.
EURJPY: Looks like this could be the double bottom reversal. Bull bias until at least 125 or we reject neckline.
EURAUD: Looking to buy in liquidity area.
GBPJPY: Waiting to buuuyyy.
NZDUSD: Another double bottom rally to hop on.
EURGBP: Oh my. Another laws of physics pattern. Only Other I saw this year were Soybean futures and Bitcoin monthly chart.
Eager to sell. My entry and conditions are a secret but I will make a post when I get filled.
GBPAUD: This feels so 50/50 coinflip. 50/50 coinflip with a RR of 5 to 1? YES PLEASE!
Comment:
Bearish continuation on GBPJPY, looks like I am going to get filed rubbi ng hands.
Crude Oil has gone down and down of course. I do not take trades after a big gap on sunday. Haven't see enough of those. Maybe they are perfectly fine. Maybe even better...
Crude Oil has gone down and down of course. I do not take trades after a big gap on sunday. Haven't see enough of those. Maybe they are perfectly fine. Maybe even better...
Forget it about Oil.
Wait till monday...