Popias golden wisdom
The chart glides, it doesn't go in one straight
direction. Different markets open at different times.
For me the movements start (6-9 pm est)
(3am est) and (6-10am est)
It's Earnings Season so we'll likely see a lot of volatility. We are also in a significant area of interest in the market, recession concerns are looming but I'm not convinced that the market is fully committed to this downward trend. Not yet.
We've had multiple tests at the top of the range (Target 3), and the market seems to be moving lower. Targets 1 & 2 were...
So we saw a lot on my USDJPY Chart I posted a few days back. USD got hammered VS JPY after an enormous move up.
Those who bought got annihilated. And rightly so.
Those who were short.... Well you know how that goes.
So on the GBPUSD we have the opposite with a LOW price. As you can see it rallied enormously as the larger money market moved it. As I said and...
Here was a great day for many traders trading GJ. Most traders are aware of GJ being one of the more volatile pairs, although today was volatile it followed simple patterns, reaching highs of 161. and then reversing to low 160. I opened various trades through these motions at different prices, my mistake was not sticking with my original opening trade as It meant...
as we can see illustrated above we have broke out of the downward trendline for this pair and what this means is that we should look at the next zone of co-influence which in our case it will be our second touch of the trendline at 1.7000-1.72300 , in short based on the monthly look for longing opportunities but these will be clear after we create the new monthly...
So the difficult thing about trading is trying to figure out the timing of your entry and exit. Is price low enough right now? will it go lower? The best thing to do is to learn to interpret the charts. To get the right clue you must find the timeframe and moving average where the battle is happening. In this case, the battle is in the 12H (12-hour timeframe) with...
Bitfinex = Tether = USDT (same company)
It was 74% when they had 2.9 billion tethers. It’s probably even less now.
ag.ny.gov
Ask yourself ...
Who is buying bitcoin?
Why was there more interest in Bitcoin in 2017 than in 2019?
Why did the price go up after imaginary tethers were printed?
Why did Bitfinex enable 100x leverage?
Why are they missing $850,000,000?
Why...
Lesson 9 Trading Psychology is Important
When you look at the market you should see your self. The market is a collection of buyers and sellers. You are a participant in that marketplace, and therefore you are the market. How can you understand the market without understanding yourself?
The mental landscape of a trader is extremely important and very...
SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1 week
Actions on -
A – Activating Event
Market will meet resistance in zone @1.0095 - 1.018 and fall to the @ 1.00. In order to enter, the pair MUST be in line with my Entry Procedure
B – Beliefs
Market move towards the first Target 1 level @ 1.00
FX:CADJPY
Trade...
Hi traders,
Halcon Resources currently looking like a great opportunity for upside movement.
Price action showed a compelling morning star signal supported on Fibonacci retracement support and 50 moving average. Price is about to break a sideways resistance. Looks like a longer term 3 wave ABC move, of which I expect the move to be very very strong here, and...
