EUR/JPY: • If price pushes up to and ideally just above our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets...
Some interesting news developments have transpired related to Bitcoin this week. On Monday, The SEC sued Binance with 13 charges. On Tuesday, The SEC sued Coinbase NASDAQ:COIN . The regulators have been busy this week going after the biggest crypto exchanges. It's almost as if we need a monetary system outside of government interference... What does...
We reached the much anticipated .786 fibonacci retracementlevel @ ~$296 today. I know general consensus says that we should at least see the round number of $300 and possibly an overshoot to~$311. Although it is definitely possible, I do not see any significant opportunity outside of short positioning. Whether it keeps rolling or not,I continue to build a Put...
Learning how to identify accumulation and distribution in an asset is an important skill to have for any trader. Luckily, there’s a handy tool we can use: the aptly-named Accumulation/Distribution indicator. In this article, we’ll show you how this accumulation/distribution indicator works, where it’s best applied, and how you can combine it with other tools to...
Hey Guys, As you may of seen earlier on my stream, we need to be using all Timeframes to be accurate when trading.. WHY? Well it's simple. Without them you are BLIND to the longer term market. Short timeframes cater to SHORT TERM Trading. You cannot take long term trades or get a long term view of the market with short term timeframes. So understand their true...
We’ve just seen Tesla push higher for a 13th straight day and signs are it could rally for a 14th. This is obviously an incredible run of form, especially as there simply haven’t been any positive earnings revisions – however, earning aside, investors have seen a 70% return since May (110% YTD), and the stock is hot, but is it too hot? Fundamentally, we’ve...
Hello dear @TradingView community! Today let’s focus on what is Dollar Cost Averaging ? Determining the optimal moment to buy cryptocurrency is often a challenging task due to the high volatility of crypto assets. Prices can fluctuate unpredictably at any given time, leading traders to experience the fear of missing out (FOMO). This fear is commonly felt...
The Greeks are a set of mathematical measures used in options trading to assess and quantify various factors that influence the price and behavior of options. 📌 VEGA : Vega is a measure of how much an option's premium will change in response to a 1% change in implied volatility. Implied volatility represents the market's expectation of the underlying security's...
“One final investment area that I’ll mention, that’s core to setting Amazon up to invent in every area of our business for many decades to come, and where we’re investing heavily, is Large Language Models (“LLMs”) and Generative AI. Machine learning has been a technology with high promise for several decades, but it’s only been the last five to ten years that it’s...
"Per aspera ad astra is a popular Latin phrase that means "through hardships to the stars." Today I want to share a very interesting analysis with everyone on here and I have this feeling, that this will get very controversial…. This coin got seriously beaten up since it’s last all-time high at 267$, nearly unbelievable that Solana was trading around this...
It is always amazing to see how the market ends up being at extremely important technical levels into big weeks like the week coming up. SPY is trading at the previous support zone from before the bear market started which ended up being a reversal zone in August and price is now here again. With CPI data, the FOMC decision, and OPEX into the end of the week, this...
Financial media finally acknowledges: stocks are now in a BULL MARKET. Tesla is ripping but who could have known when to buy it? -People that were watching my stream this year... Let's see if there is still opportunity to hop on to the 2023 market for
I see this more and more, especially in the crypto space. There are some wild stories out there from turning $8k to a billion through to a Pizza for 10,000 Bitcoin. Here are some home truths. Although most of you won't want to hear this. You see, as a professional trader - there is 1 key factor, almost a scale balancing between too much and just enough....
Our community thrives thanks to the fantastic contributors who openly share their knowledge, experience, successes, and let’s be honest, even their failures. Our social network is what it is today because of you, the trader or investor, who connects with others, writes insightful comments, and publishes openly and freely. 🙌 For all these wonderful reasons, we're...
What is trend trading? Trend trading or trend following is a trading strategy that involves identifying the direction of a prevailing trend in the financial markets and then buying or selling assets following that trend. Trend traders tend to use technical analysis tools, such as moving averages (MA), trend lines, and momentum indicators, to determine trends in...
Fibonacci is a technical tool, essentially an automatic tool for building support and resistance levels. They need to be supplemented by: Standard support and resistance lines Trend lines Japanese candlesticks and additional indicators Then they will be a good assistant in your trading. This is how a trading strategy is created, based on the combined...
CHN50 - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. The hourly chart technicals suggests further downside before the uptrend returns. Further upside is expected...
The USD/CAD has been consolidating since late last Friday. Key levels include 1.346 and 1.345 for the upper bound and 1.341 and 1.340 for the lower bound. The market appears to be in the middle of the storm that might be unleashed after the Bank of Canada’s (BoC) interest rate decision on Wednesday. In January, the BoC made history by being the first major...