This second video reinforces the concepts supporting my simple method of validating or invalidating trade setups using price channels, Fibonacci price theory, Stochastics, RSI, and simple price metrics. Anyone can do this - it just takes a little patience and learning. The trick to the ENTRY is to WAIT to see how price reacts near support/resistance. REJECTION...
I'm sure many of you already know TVC:VIX (Volatility Index of the S&P 500) correlates to AMEX:SPY (the S&P 500 micro index). For those who don't and those who do, this is my up to date VIX chart. Please comment what you think! But the general idea is that... When TVC:VIX goes up, AMEX:SPY goes down When TVC:VIX goes down, AMEX:SPY goes up This is...
A discussion about today's market and how swing trades played out and how risk mamangement plays a huge part in this and needs to be respected.
Introduction Dow Theory is the foundation upon which the edifice of technical analysis stands. Named after Charles H. Dow, co-founder of Dow Jones & Company and The Wall Street Journal, Dow Theory offers insights into market trends, investor psychology, and the broader economy. This article goes beyond the rudiments of Dow Theory to provide an in-depth...
Earlier this morn, I was perched upright on my cozy outdoor chair in my garden enjoying a well earned Cuban. With the sun kissing my skin and the great release of energy I felt with every exhale of my cigar I was content, lost in thought, happy - still, but then to my surprise I was startled by a subtle movement off to my left on the bright green grass I cut days...
There's a completely logical but not often used "technique" (if you can call it that) I see only very experienced traders use. When I do it I can understand why very few people actually stick to it. Yes it's profitable. Yes it will make you money both in the short term and the long term. But you will feel extremely uncomfortable. The technique I'm talking...
Funniest thing always happens in a bear market; You get influencer guru wannabe gigachads acting like they're OJ Simpsons lawyer trying to argue a case they know is wrong. If the glove fits, right? When the ships sinking peeps turn into three people; (1) They admit they were wrong, reassess and act accordingly (2) They deny their lying eyes and continue to...
As yours truly lives his life as the best damn trader he can be, I oftentimes wonder how I do it. Time? Experience? Technique? It's all of the above and none of the above, in reality it's something I've previously touched on, which is self talk - now last time I graced your beloved eyes with my beautiful words, I mentioned how to use self talk and...
After teaching a bunch of amateur traders over the years, I've come to realise in my not so humble, but highly righteous opinion that their biggest obstacle always seems to come down to their inability to abstain from placing a trade. They give into temptation. But as Jesus says; "Forgive them for they know not what they do." Yes I know Jesus wasn't a trader,...
Let's talk about the perspectives people often bring up in trading . . . Under various conditions, such as different market trends, timeframes, strategy logics, and technical analyses, everyone's view and perspective on the market varies. TV is filled with people's opinions and perspectives on market trends. Some people seek validation from others, while some...
Trading the open range breakout. This strategy best works on days that the market or ticker gaps up or down. This method isn't fool proof so do your research and back testing to see how it can work for you!
Welcome back Traders! TradingView has done an excellent job providing earnings information on individual stocks! If you are a new or existing stock market trader, you will find this information helpful and I hope you learn something new. Please support this education idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd...
I've been working on the TT-3MACD PineScript update for about 4+ days. It seems every time I make a breakthrough, there is more to attempt to build into it. PineScipt seems pretty cool so far. Documentation is great - but it is a process of learning how the engine processes things. My goal is to build a TEACHABLE solution for my followers - allowing them to...
This example video will help you understand how I use my predictive SPY Cycle Patterns in combination with traditional TA (Fibonacci and others) to prepare/plan for GAPS, trends, and opportunities for trading through the week. I'm a strong believer that you don't need to trade every minor trend. Taking 2~4 good trades a week across one or two symbols is all that...
Here is an example dual-chart setup for SPY daytraders. I set this up to help my followers understand how to perceive price action as we attempt to transition through the $405 SPY Support level. If my analysis is correct, we'll see a fairly strong reversion (upside) price trend as long as the $404~405 level holds. This chart includes a number of TradingView...
My SPY Cycle Patterns suggest the markets will establish a PEAK/TOP today - then trend downward. I created this video to help my followers stay aware of the short-term nature of price in a reactionary price trend - like today. If you are chasing this rally, stay very cautious of risks related to my SPY cycle patterns. Overall, I expect the markets to peak,...
Follow my research. Learn why I expect 2023 to be a very difficult year for active traders and how you can avoid all the risks by modifying your capital allocation levels RIGHT NOW. You don't have to stand in front of a freight train or try to force trades when they are not opportunistic. You could just wait for the better setup in July/Aug 2023 and ride out...
CME_MINI:ES1! AMEX:SPY NASDAQ:QQQ CME_MINI:NQ1! NASDAQ:TSLA I wanted to share a basic strategy I've been using that has helped me increase my profitability almost 10X Most people don't know that when the regular trading hours (RTH) markets are closed, the futures markets are running Generally overnight action during the pre market will set a clear high and a...