Is buy & hold a strategy for penny stocks?
Some says yes, some says no. The answer really depends how skillful the investors are.
In this penny stock example, buy and hold is definitely a poor choice.
A 30% gain in 171 days VS a 255% gain in 80 days.
I pointed out many alert positions. Please move your cursor to the blue spots.
These alerts tell you to think...
My CURRENT definition of RISK.
RISK ON
USD down, moving XXX/USD currencies up and USD/XXX currencies down.
or
RISK OFF
USD up, moving XXX/USD currencies down and USD/XXX currencies up.
Mid term (3 wks-6mo) I lean bias towards 2018 trading in RISK ON mode. Which means
EURUSD is a buy mid-term.
USDCAD is a sell mid-term.
In the last several months we have...
See callout bubbles. This is very strange and worth looking into further. The VIX and SPY certainly *can* move in tandem with each other, but a majority of the time, as the market is UP, the VIX is DOWN. As markets rise, price is *less* volatile. As markets fall, price is *more* volatile.
Why might the VIX be moving up along with the SPY? Nobody can say for...
To clarify an earlier post, I thought I would explain the signs that told me to sell my coins just before the beginning of the recent fall, in the hopes that it might help someone at some point in the future if they see something similar. It also helps me to write my thoughts down.
A dramatic price rise can be seen on the chart as the popularity of...
2017 brought incredible popularity to cryptocurrencies and the market now contains a lot more people prone to 'fear of missing out' and panic selling. As a result the chances of a currency finding price stability at the end of a consolidation are slim, so as price amplitude gets narrow it tends to drop (or shoot up) and enter yet another consolidation pattern. In...
Hello Traders. Hope everyone is staying warm. Snow and zero degree temperatures expected in Virginia.
Many traders use many different indicators. There are so many its impossible to tell which ones are useful. Simplicity is key.
The most important tool in a traders toolbox is the ability to deceiver the prevailing trend. Using higher high/ lower low analysis we...
For those who already know or simply heard about Sinewave oscillator created by J.Ehlers out of Hilbert filter formulas... The PRO Sinewave indicator will stun you !
For those who don't, well you might be missing a very interesting market approach and I suggest you to google the two names above to eventually start tipping a toe into the beautiful cyclical world of...
I want to show with this example how the price in a lateral movement oscillate in ranges between supports and resistances lines.
The target is the following, if the price bounces on a resistance, make a short until it reaches the support level.
If it bounces on a support, make a long until it reaches the resistance.
If the price breaks a resistance, make a long...
I would like to show you a good example explaining why we should use pending orders for entry the markets above/below important zones. Several days ago I wrote about possible trading opportunity for Ethereum Classic. You can find this post in related ideas. I wrote that the price bounced from the resistance zone which was formed by SMA100, the downtrend line and...
Intersection is when price is on 2 or more signal/set up that points out to the same direction.
In this example:
1. Price broke the trend line resistance and retested it as a trend line support. (Buy signal)
2. Price is at horizontal support (Buy signal)
I first heard about Supply and Demand trading from @Tradewonk, his analysis using this are great!
I also ask him about it and he gave me a link to his Ideas about it
I also tried searching the internet about it and came up with this idea. @Tradewonk, can you confirm if I got the idea correct?
Note: This idea only explains Supply Zone, but this is also true for...
In this post i wanna share one of my method in analyzing price movement.
sample 1 :
we have symetrical channel up. After channel up resistance broke up, that resistance line will become support in next wave. Price action will try to break it as correction pattern.
sample 2 :
Again, we have same pattern here, symetrical channel resistance broke up with bullish...
-is to find out if the momentum is getting stronger or weaker, if the chart make a higher high and the indicator made lower high so it refer to; the momentum is decreasing, in order to spot the (breakout from fakeout)
-in this example we have a rectangle consolidation, you can see the first breakout was a fake out, here we'll use divergence to spot this fake out...
Good chart reading and technical analysis do not have to be complicated. A trader should focus on a few key principles when trying to understand a price chart.
In my trading, I have stripped away everything that doesn’t provide value and I have optimized the points on my checklist that I use to read price charts. Below you see the current EUR/USD chart on the...
Too many traders see harmonic scans as black or white, trade or no trade, winning trade or losing trade. Exact same with forks. Sometimes, they work off each other. If I catch a scan in a fork, great. But THE BEST forks are often drawn AFTER the scan ... as the scan's swings are very significant, and using them to align a fork will almost always give-up pips after...
Here is a real life example of a Downtrend on NYMEX Crude Oil Daily Chart. This example is intended to help you identify the downtrend correctly(Same procedure goes for an uptrend). It might look confusing at first sight. However, if you start reading the chart from the left hand side and move with the price action it will make sense in no time.
Check image:...
