MrRenev

MrRenev Updated 

27% of tesla shares are sold short. Price is surging, sellers are going to cover. After that happens, and maybe some hesitation, it may be interesting to short sell this. Links to check %floats of most shorted stocks on the US market: www.highshortinterest.com www.marketbeat.com Something like this can happen so let's first wait for short sellers to get...

MrRenev Updated 

Gold If it could provide a buy signal and just rip up after that so I can hold a winner and not have to spend all my time being desparate for opportunities and hunt and keep looking at 20 charts... I just want to hold a big winner and go on holiday rather than grind like a dog sniffing for setups and not getting anything. Crude Oil Shouldn't...

MrRenev

Are you worried Bitcoin might fall and want to sell? Are you worried Bitcoin might fall, force you to sell at a loss, and then rocket ship up making you not only take a loss but miss the move? I think Bitcoin is going to 3 digits, and if I was holding any I would sell. But there is a 3rd solution. You can get all the upside, without having to hold bags all the...

MrRenev Updated 

The bull market is over. Collapse is imminent. 1- "Fundamentals" / catalysts Major 3 catalysts for Bitcoin bull run were: - The belief that Bakkt futures would open the door to institutions. - The belief the market bottomed and started a bull trend as MA50 & MA200 made a golden cross. - Bitcoin was "oversold" 1 year ago. Alot of supply was dumped when it...

MrRenev Updated 

Price is currently in a weekly inside bar, getting tighter and tighter. I think we ran out of buyers, and the fomo crew is bagholding. A flush may be be necessary before continuation up. Capitulation, bottom (I'll be a buyer), and then uptrend continuation. There is also this larger pennant:

MrRenev

I already posted that the average trader at a big broker (FXCM) had a negative expectancy. Their risk rewards are around 0.5-0.6 with winrates of ~ 60%. This means for each dollar they make they lose 1.22. Their Profit Factor is ~ 0.82. 4 lose 6 wins each win is $30 each lose is $55 ==> Profits = 180 Losses = 220. So this explains why the average loses. But not...

MrRenev

> Robot you code yourself -> Risk Taking -> Market making/arbitrage In both cases the robot will likely not be overly simple. You will need to know a thing or two about programming. Learning to trade is like getting a degree, learning to code is like getting a second one. -> Risk Taking This may very well work. I do not know of anyone that does this and is...

MrRenev Updated 

I just would like to sum up Ripple analysis by "1 million soon" retail printed out of thin air magic beans investors. "Uuuuh but muh government fiat is printed out of thin air too". Haha find me the idiot that told people to invest long term in fiat currencies. ********* As you can see, Ripple is clearly in an uptrend. Market cycle return to the mean. Wowow...

MrRenev Updated 

Beginner too if you are able to use small size, a stop loss, and understand how this works, the idea behind it. False breakout of the MA50 and if it goes a little higher possible SFP. What is looking like a complete impulse wave has not been able to do better than retracing the ABC down. There is some short term spiking, I think it is because of slightly...

MrRenev

Technical Analysis: Sentiment & traders position (short term and longer term): We are told mainstream is very bullish. But short interest is super high. Sentiment now: Neutral 1 Week ago : Slightly fear 1 Month ago: Greed 1 Year ago: Extreme fear XM clients: 81% Sell 19% Buy on the US30Cash. 83% Sell 17% Buy on the US500Cash. 41% Sell 59% Buy on...

MrRenev

Only 1 way to get anywhere... Time to look at some trades I posted, going to focus mostly on the exit. Most important part, that's when you make (or lose) money. There are a couple of ideas marked "short/long" on 3D & W charts, these are not trades I took or intended on taking, it's a general bias idea. Maybe I should not tag "long" and "short" so they are more...

MrRenev Updated 

************** Current price situation 5 charts to draw the picture. ==> Bearish. *************** Short interest Bitmex 28.5% shorts 71.5% longs Bitfinex 25% shorts 75% longs IG clients 16% shorts 84% longs Other brokers refuse to say apparently. Must be the same. CME: The usual, small are very bullish 25% bears 75% bulls, funds & commercial...

MrRenev Updated 

I see this ugly uptrend as this: And this: Daily chart: Non prime brokerage sentiment ~50%. My intuition says the party won't last. Good luck, keep your risk limited.

MrRenev Updated 

You might have heard stories of people that were looking for really bad traders so they could do the exact opposite. There was some guy that had a bot that would look at twitter bets and come up with a rr and wr, he was trying to sell that to a quant fund a few years ago. There sometimes are some people crying about really awful signal providers, something like...

MrRenev

I am glad I (re-) found out retail traders have a losing edge, now I don't have to pretend I care about news / fundamentals moving the market like there is a secret :D Only really important thing is getting the trend right and looking on the economic calendar at the days with a red circle next to them (unless you want a 3 ATR slippage). Trading is cool (not...

MrRenev

Here is a new example of the Baggy dead stock bounce strategy (I linked my previous posts on this at the bottom of this idea). So many people getting all excited by their beloved mlm greater fool fiat currency (lost its trendline btw, barely hanging on now), 300% in 200 days if you bought the bottom and sold the top? LOL don't make me laugh. People are chasing...

MrRenev Updated 

Market detective here, As I have been repeating, I am convinced the whole economy is in a complete pyramid scheme. All yen pairs are trending the same direction, chf might be a safe haven too but actually it is less influenced by scammy interventions so chfjpy might be the safest one to go for, and anyway it's not very important (the fundamental thing) it's just...

MrRenev

Hello, I just posted an idea on why I don't like taking breakouts, I mostly do double bottoms on support, but I really loooooove Bit. Connnneeeect. Er I mean triangles. And as a support and resistance "expert", I know when to buy or not (well sometimes). I got a idea of when they are probably not going to hold much longer, and you see, from one strategy it can...