Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to ...
Hi to all!
As u can see, TRX had some very nice up, but correction is here!
Price plays a lot out of Bollinger bands, so can expect a pullback. Also look at that nasty doji daily candle from yesterday. Yea, it is green, but that is very bearish candle with long up wick,
RSI Bearish divergences + too overbought
R:R isn't good because of that yesterday wick, but ...
Trading Doji candlestick as a stand-alone trigger signal is a bad idea. Price usually whipsaws around doji.
Note #1: In technical analysis, the Doji candle is a neutral pattern if it’s used as a stand-alone candlestick.
However, if the Doji candle it’s used in conjunction with the preceding price, we can establish a bullish or bearish bias.
A whipsaw pattern ...
-Broke resistance @82.0000 & 200 EMA (looking at a potential reversal to retest. Possible quick 1:1 as price action could retest resistance turned support.
-Doji reversal set up (@83 level)
-Chop Index < 60
Please share your thoughts and opinions.
Ok, so I promised I'd make another effort to do more analysis. I am however currently in Taiwan travelling so this will be short.
Here we have another example of how including multiple time-frame analysis in your trading routine can keep you profitable.
Let's go back to 12th November last week on the OANDA:CADCHF (Use the back testing feature on your chart in a ...
Ended up taking a small loss on SPY calls in the morning as I was quick to cut the loss as I realized tons of selling pressure as well as the break of support trendline in the morning of todays open. If anybody took puts at the open as I mentioned I would do, you should be sitting on some nice profit right now, I would lock that profit here as SPY is at another ...
BTCUSD is going to hit a red 9 on the sequential (next candle), meaning inversion. The red 8 candle is forming a dragonfly doji, meaning inversion. The RSI is at all time low's. It will probably go up at this point.
Note: My long term analysis is bearish. This is a daily analysis. In the long term i think we are going lower than we are now.