Hey everyone!
Haven't done a tutorial in a while so I thought I would do one on how I personally manage risk while day trading.
These are my own experiences and my own rules, but hopefully you can take something away from them.
I generally trade shares more often than options, but I do talk about the special considerations when day trading options.
Remember,...
I begin each year reviewing the long term technical positions of the "Big Four." 10 Year rates, SPX, Commodities, and the US Dollar. Since by profession I am a rates/credit portfolio manager and trader, I always start with rates. Granted, macro doesn’t typically impact shorter term (swing, daily and weekly) trading, but having a framework for markets and for...
Bitcoin is forming a reversal pattern known as Ending Diagonal. Ending diagonals form in Wave 5 or in Wave C. This is one of the more reliable reversal pattern with easy confirmation. It is important to note that the 5th wave of the ending diagonal can sometimes fall short or even extend therefore it's important to wait for confirmation. Confirmation for this...
BTC / USD
BTC finally hit 200W MA that I mentioned alot before
In past these dynamic supports are always around ultimate bottom of bear market
We can also accept a flash crash /wick to hit 300W MA (around 16k) but the important thing the weekly close to be above 200w ( 22.5k)
WEEKLY RSI :
Another important thing i want to show you is WEEKLY RSI :
we...
Watch FXOpen's January 9 - 13 Weekly Market Wrap Video
In this video, FXOpen UK COO Gary Thomson sums up the week’s happenings and discusses the most significant news reports.
🌐 FXOpen official website: www.fxopen.com
All details in the video. Bias is now up on SPX but this week will be crucial to close above 3940. A failure to hold the 18 ma would be bearish.
Dollar has an inverted hammer on the weekly chart - a warning of reversal. Gold also in a precarious area, USOIL needs to hold 70 otherwise 65 looks likely.
Good luck!
I remember a conversation I had (totally unrelated to trading) in the early 1990's when the Internet was considered new technology . This conversation was with an older gentlemen who owned a large franchise car dealership regarding the utility of the internet with respect to his business... or his perceived utility . I'm paraphrasing, but the comment was...
Bitcoin has been very predictable with multiple X advances followed by 80% declines and multi quarter consolidations prior to new ATHs and then another multiple X advance. I do not expect Bitcoin to run away to the upside, but rather work higher toward late 2023/early to mid 2024 when the ATHs are retested.
Ahead of the US CPI data on Thursday, gold has turned lower after reaching a major technical zone between $1878ish to $1900ish, as you can see on the daily chart of the metal.
The lower end was the low created when gold rallied hard into resistance earlier in the year in 2022, which ultimately caused a massive breakdown. Now back to the same level, we are seeing...
A new concept of Proof of Physical Work consensus
Proof of Physical Work protocol encapsulates real-world use cases.
The blockchain protocol rewards users for performing verifiable physical work like deploying a 5G hotspot etc.
As examples of similar projects
Wireless Network:
Hellium
Pollen mobile
Provide token rewards to participants (hotspot...
Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
2022 has not been the best year for cryptocurrencies. Infact, many popular news outlets are proclaiming that 2022 was...
Industrial stocks have outperformed in recent months as investors shift toward cyclicals. Today’s chart focuses on Caterpillar, a potential beneficiary of infrastructure spending in the U.S. and a recovery in China.
The first patterns are the pair of highs from the last two years. CAT challenged $237.90 (the peak from April 2022) several times in November before...
Since today worked out really well. like all my targets were hit, bullish, bearish, BA, IWM, SPY. Jeeze, someone really liked me today.
I figured let's see how far this is going to extend.
Longing ES1! to the green line.
Additional entries shown in yellow.
As well, the range I anticipate for tomorrow is displayed in the boxes.
Overall, the probs for tomorrow...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
The last thing you want to do is struggle to understand what tools your strategy needs and don't need. In this live stream, I'll be showing you the top 10 trading tools to use to help your analysis process become quicker and efficient.
In December, the price of gold moved through a volatile uptrend but did seemingly reject at $1,819. However, a daily candle managed to close above this resistance zone on the last day of 2022, which has been followed by a continuation to the upside at the start of the new year. Although the volatile uptrend pattern appears to remain intact.
Currently, XAU/USD is...
CBOT: CBOT:ZW1! , CBOT:ZS1! , CBOT:ZC1! , CME:HE1!
This is the second report in the series “Year of the Rabbit: Short-tailed Trading”.
US inflation began to pick up in March 2021 and rose rapidly throughout the year. Federal Reserve officials told Americans not to worry. It was due to supply chain issues and comparisons to low baseline numbers in 2020...
