I am definitely not going to win any popularity competitions with my comments and thoughts. But that's not the point when it comes to making money. The main issue for me still in Crypto Land is the lack of realism. The image on the front cover was from a google search of "realism" I guess the confused face made my day. This is exactly how you need to be looking...
Hey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.85300 zone, USDCHF is trading an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85300 support and resistance area. From a technical perspective, USDCHF exhibits a clear uptrend, and its current correction phase positions it...
The Bitcoin market cycle can be easily predicted by studying historical data. Whenever you seek an idea of where the market is heading, you can always look at the past to gauge the future. However, this doesn't guarantee that the predictions stated here will unfold exactly as described; it's a PREDICTION, not a fact. Let's examine the chart displayed here. The...
We discussed identification and classification of different chart patterns and chart pattern extensions in our previous posts. Algorithmic Identification of Chart Patterns Flag and Pennant Chart Patterns In this installment, we shift our focus towards the practical trading strategies applicable to a select group of these patterns. Acknowledging that a...
Ultra-Fast Scalping Strategies in Forex Scalping is a high-speed trading strategy that targets quick profits from small price movements. It's a method that appeals to those who want a hands-on, immediate trading experience. This article delves into three of the best 1-minute scalping strategies: Heikin-Ashi Pullback, RSI Extremes, and Stochastic Oscillator Quick...
This is not a drill... I repeat, this is not a drill! Bitcoin is moving once more below EMA50 after a very weak bounce 16-January. Moving daily below EMA50 simply confirms the upcoming correction without a shadow of doubt. This move is support by low volume and a weak RSI. This signal only confirms when the day closes below $42,142 (EMA50). While this is likely...
GBPCHF could fall towards an overlap support and continue the downtrend, reversing to our take profit level. Sell entry is at 1.09333 which is an overlap support level. Stop loss is at 1.09998 which is an overlap resistance level. Take profit is at 1.08063 which is a swing-low support that aligns with the 61.8% Fibonacci retracement level. High Risk...
NASDAQ:TSLA currently has two major confluences that I've been watching develop over the last few weeks. Firstly, coming off the 6 month high of mid July, Tesla has retraced to the Fibonacci 0.618. Secondly, A classic triangle is now clear. Triangles break out either to the top or the bottom. However, there are multiple confluences that are...
Forex 3-Session Trading System In the dynamic world of forex trading, mastering session-specific strategies can be essential for your trading performance. The Asian, European and US sessions in forex have their own unique rhythms and opportunities. This article delves into three strategies tailored to these sessions, offering insights for traders to navigate the...
EUR/GBP is trading close to a pullback support and could potentially break above a descending trendline to make a bullish rise to the upside. Buy entry is at 0.85700 which is a potential bullish breakout level (wait for price to break through the descending trendline for confirmation). Stop loss is at 0.85350 which is a level that sits under a pullback...
Many Chinese stocks are quietly breaking out. News headlines from other aspects of investing and world politics are drowning out these bullish setups. Breakouts observed in some leading names.
In this video, I will be sharing my EURUSD Analysis Today by providing my complete technical and order flow analysis so you can watch it to possibly improve your forex trading skillset.
Join FXCM senior market specialist Russell Shor for a general review of the financial markets.
Hello, Price action is a vital aspect of trading, and analyzing candlestick patterns is key to understanding market dynamics. The size of candles, representing the range between opening and closing prices, is crucial for traders. Large candles signal strong momentum and potential trends, while smaller candles suggest indecision or lack of clear direction. Traders...
🎲 An extension to Chart Patterns based on Trend Line Pairs - Flags and Pennants After exploring Algorithmic Identification and Classification of Chart Patterns , we now delve into extensions of these patterns, focusing on Flag and Pennant Chart Patterns. These patterns evolve from basic trend line pair-based structures, often influenced by preceding market...
"Buy the rumor/Sell the news" is a phenomenon as old as markets. It was like betting on the sun not to rise tomorrow. I have talked to many Bitcoin enthusiasts who are perplexed by this occurrence. They were assured by various Twitter personalities that this week would see the largest inflow of capital into Bitcoin ever, price would rise, and if they just...
Since September 2023 Bitcoin has been in a rally predicated on the Bitcoin ETF launch. The chart has setup in accordance with my technical rules to finally short (bet against) the price action. I am also going to use this post to expand upon my broader bearish outlook on Bitcoin at present and into the future. I was definitively Bullish on Bitcoin in Q1 if...
So many bulls and bears are stating their cases on social media as to whether or not a bottom is in so I thought I'd take some time today to examine what a daily bottoming process looks like using SPX. Standard & Poor's 500 was created in 1957 and since then it has gone through 9 bear markets (Defined as a GREATER THAN 20% decline on a CLOSING basis). 2022...