This is a companion video to my "Trade Like a Pirate" article showing how the Long & Short tool can help you manage your "aRRR" - Your Reward-to-Risk Ratio. Whether you are trading a Company, a Currency, or Commodity, you want to Consistently trade your positions in terms of Risk and Reward for consistent results and to not "blow up your account" with a bad trade.
Couple of people have asked if they can use the SuperTrail indicator to day trade and the answer is yes so figured I'd make this video showing how it would work on a smaller time frame on a more volatile stock.
October 20, 2020 premarket analysis of Wells Fargo looking for a long trade. I didn't start out with the intention of spending a lot of time on Wells Fargo. It turned out to be a sequence of days following the price action and overall behavior of a narrow range market using the tools and observations that I would normally use.
I'm not sure if I'm going to follow...
Sorry, the video I had before was a bit more lay back and I deleted it but then I realize the price started pushing up, so literally you see my stuff is raw as I go. Still learning but I had taken a look back at what's going on for today with all the bleeding which is happening and I hope it doesn't continue.
In this video tutorial, our team based out of New York City walks you through multi-timeframe analysis including what it means and how it works. Multi-timeframe analysis (MTF) is a process in which traders can view multiple timeframes at once on a single chart. For example, if you're looking at a 30-minute chart you can quickly add a daily Moving Average and...
In this video, we show you how to change your chart's timeframe with a few taps on your keyboard. While many of you are already familiar with this shortcut, we think it's worth highlighting here for those who haven't had a chance to try it.
To get started, type any number on your keyboard and then press Enter. Your chart will adjust its timeframe to the number...
Trending downward after failing to break resistance at 39.
Holding support would be an opportunity to go long, however breaking support 29.50 is likely.
California state law to provide benefits to all drivers is still out there, this could have a significant impact of UBER/LYFT.
COVID outbreak shouldn't have too much of an impact for UBER as they...
I see SAVE going back to 25 by Jan 2021 but if you're an option trader i suggest getting ITM calls for 2021 even 2022 if you want to add to long term portfolio. Shares is also good to add to your stock portfolio. Remember to keep in mind if airlines were to shutdown and vaccine trials see no further progress that would be a sign to get out, but recent news looks...
Where's the next bottom? It's certainly interesting.
Blue Line - Sept-October support
Orange Line - Feb High Pre-Covid
Black Line - Bottom of channel 2012-2020 upward trend
Personally, I think the fundamentals of the economy are worse than they were pre-COVID (unemployment, forestalled foreclosures & evictions, bankruptcies, businesses closing...), which means...
This is what the charts say to me. C Leg of A/B/C Elliot Wave
MACD crossover disagrees
Please correct me if I've missed something. I want to be a Bull, but the 9/3 peak and 12 year cycle up vs. an 8 year average 33% correction, and the Macro economics of layoffs and forebearance screams crash to me.
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*