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...
Overcoming Emotions Most traders want to "overcome" their emotions. They view thoughts and emotions as the enemy which prevents them from succeeding in the market. This is a false perception. Yes emotions and thoughts can lead to actions in the market, but they are impossible to remove. So long as you are human you will have emotions and thoughts. There is...
OGI is starting to turn down from a nested wedge this week. So far this week is a strong bear bar near its low and is close to filling the 9.75 bull gap. This gap is likely to be filled as it is more likely an exhaustion gap than measuring gap. The bulls have reached a leg 1 = leg 2 measured move up which has led to some profit taking (tails above bars). If...
Hey everyone. It's been a while since I posted, I don't feel like I can live up to the quality of my last BTC analysis, which was PERFECT. If you haven't seen it, check it out. But today I was thinking "There's no way this market is going to keep going up, because CNBC is talking about it, and everyone else is talking about it." You see, in trading 90% of...
Bear breakout of TSLA, but increased and climactic selling last week and gap down this week. Likely a sell vacuum test of the $180 low. The $240 gap above will likely get filled over the next few weeks to months. The bears need a strong breakout below 180 and 140. Otherwise bears will start to take profits and bulls will re-establish long positions. What...
First down, then up, then down again and then up?? WTF? Did You See It? What Just Happened? Whales, guys! One of the biggest advantages of being a whale, is also their disadvantage. Yes, they can manipulate the market, but try to make 100% ROI on 50m USD in the Crypto Market!? Its obviously way easier to double your money if you start with 100 bucks. Because...
Bull breakout this week, second leg up; risky place to initiate longs (high risk, low probability). Bears trying for micro double top and double top bear flag with July 25 swing high, and parabolic wedge. If bears get strong close on low today, prices will likely test the bull gap from May 10th. The bulls need to generate strong follow through above 8500. ...
Lesson 4 Know what you want in the market Contrary to what most believe, successful traders do not actually trade constantly. Attempting to trade constantly leads to increased commission costs, random trading, and compound mistakes. In fact, successful traders spend most of their time doing absolutely nothing! How long does it take to enter an order? A...
Lesson 4 Know what you want in the market Contrary to what most believe, successful traders do not actually trade constantly. Attempting to trade constantly leads to increased commission costs, random trading, and compound mistakes. In fact, successful traders spend most of their time doing absolutely nothing! How long does it take to enter an order? A...
Lessons from an experienced trader. Lesson 1. Never scalp. Although scalping seems to be the most profitable and best method in today's market, it is certainly not. Scalping is the hardest method to achieve a consistent performance. High frequency trading firms scalp, but they have many advantages over the retail trader including direct access to exchanges,...
The Emini reversed down from a failed breakout of the all time high, and nested wedge reversal. There are trapped bulls who bought the May 3rd high who want out. Most bulls used the new high to take profits as the market is likely to transition into a trading range over the next few months or even years. However this does not mean the bulls will not get another...
TLRY has formed a second entry for a parabolic wedge bull flag and larger high 2, although a doji bar. If the bulls are unable to regain control soon - something is wrong with the bull trend premise. If the bulls do not return within the next few weeks, prices are more likely to be in a trading range and will likely test the tight trading range of the open...
The craziest thing to me about trading is that so many traders will interpret the same exact chart in so many different ways. Some traders will buy and some will sell with both traders closing at a lost.Why does it happen well it could be many different reasons, but I bet the main reason came down to not handling your emotions.The first trader could have been...
TLRY formed a parabolic wedge bull flag which triggered last week. So far it is failing and testing the bull breakout gap around $40. The bulls will likely try to form a second entry for the wedge bull flag within the next few weeks. If instead the sell off continues, prices will likely test the tight trading range of the open around $20 and from there enter a...
Cool TV spot posing a provocation: Why did you invest in Gold? Are you living in the past? Actually, the fact we used Gold for centuries, is the main reason we trust it (too much) This leads to the true question: Why should we change? Why #DropGold for Crypto? For the same reason we dropped books for pdf, vinyls for mp3, horses for cars, coal for gas, arrows for...
Many traders seek consistency through the idea of mastering the markets. They consider them to be logical and therefore can be figured out. They believe with more knowledge of markets and how they operate, they will eventually make a consistent return. And so they continue searching in the markets for a reliable edge, or outside the market for a leader or guru...
The EURUSD (weekly) reversed down from a failed bull reversal this week. There are bull gaps below which are being tested. The bulls will try to form a nested wedge bull flag reversal for a large second leg up soon. If it fails, prices will likely test the low of the previous range around 1.044. The bulls need to keep atleast the breakout gap around 1.080...
Bear breakout in TSLA from failed double bottom pullback. Bulls could not even trigger the setup (last week). Bull gaps below likely to be tested around $225 and $200. TSLA was in a trending trading range bull trend, which is now evoloving into a large trading range. Until one side gets a strong breakout, prices will likely remain range bound within a larger...