PCG Part 27.27.20 PCG Part 2 listen to part 1 first. This video might be frustrating at first. If it is, you should do your best, don't stress, just be patient. If you don't give up, you can find your way. I have had some great mentors...but in the end I do it my way... and that is what you will do. I am reflecting my efforts and my perceptions of the market, perceptions, not absolute facts ( but you listen at least once...imo). There may be something that I say that will trigger you in a significant way <<< more important to you than me ( this happened to me a number of times ). Honestly, for the "good" mentors I have had, if I asked what they think the most important information was that they imparted to me...I would disagree and have a different list for why they were important mentors for me. Take what you need...then more forward.
PCG trade ideas
PCG | Long at demand zoneLong @ Demand zone
Entry: 9.45
SL: 8.5
TP1: 11.4
TP2: 13.25
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Note: Consistent success in financial markets requires a personalized trading strategy
*A method that specifies the type and amount of patience
*Entry and exit points
*Your customized psychology plan
*Risk management program based on your personality
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Constructive PatternThis company went through hell with the wildfires and subsequent lawsuits over the last year or two, but now seems to be coming out of that.
I like this price action and think this is a good value.
Note: We MUST hold above $7, otherwise it'll most likely roll over. We are going into high fire season which is a risk, but I don't think this company is going anywhere, and if we break above $15 it would signal a big move further.
TRADES6.24.20 I think there may be reversals in bitcoin and oil. Gold broke higher to a resistance level, and so far so over is not breaking higher, and for some traders the silver may be a 135 reversal pattern. Some of the brokerage firms/ clearing firms are making it difficult to trade oil. If there's an interest in trading future contracts, I think the currencies are a good place to look. There are also agricultural futures, but I have not treated those for many years, and just don't have any recommendations to make about that. There may be advisories that help you with that, but some of these contracts, including gold can be affected by time of the year, and it is well known that agricultural contracts are affected by the time OF YEAR... so you need to know something about which contract to trade, in which contracts to avoid on those markets... which means you don't necessarily choose the next contract with the current contract expires... SO BEWARE. There's a very famous trader, I believe his last name is Schwartz who said that it's much easier trading futures agricultural and other contracts and then trading index contracts. , if you're young enough, AND YOU'RE MOTIVATED, this might be something to look into. I started talking about PCG... and ran out the clock before I finished. Since is no urgency to PCG other than there may be a long trade to retest the top of the lower box, there is time to talk about whether or not there will be a much larger move to new highs, which doesn't need to be determined at this time. A week or two ago I talked about oversold markets and reversal patterns in the DXY and the USDCAD... which had moved higher, and then corrected, and may be forming ABCD patterns moving higher.