This is the second video in this series. I have a couple of people having a go at my basic trading method while in lockdown with the pandemic. They have no previous experience and have picked up the basic method very well so far. Lets see if they can maintain an interest. They have told me that trading is nothing like they thought it would be, it is a lot more...
A couple of people are trying this system I created, both have no previous knowledge of trading. This method is designed for people who are new to trading. This is system is suitable for strocks, forex, crypto, futures etc.They are also using it on an options demo account. Lets see how they go.
The DAX D/4 looked like a reversal to the downside was imminent and then catches a huge bid. Shows the importance of waiting for confirmation. Avoiding a loss is just is equal to a profit in my book.
Silver has been my preferred choice given the gold/silver ratio but it has taken its time to come through.
It looked like gold was over done and due for a retracement but it pushed higher off the 4hr support.
Bitcoin is now testing the bottom support which is a key level. Will it hold? Time will tell.
Just a quick video looking at some of the crypto on my watch list. If you have any ideas about what you would like to see covered drop me a comment.
Gold is very over done for now. I expect it to give back some of these recent gains given the stringer USD
Horizen has made quite a bounce after selling off quite heavily. Will be interesting to see if it holds the momentum.
Bitcoin is now in a daily reversal off a double top with a target down to around 8K. The 4hr rejected off the 100MA.
Gold has not looked this good since early 2000's. Monthly breakout looks super bullish. Coppock has crossed back up bullish.
This is my first go at doing a video on Trading View. I show the weekly daily charts here which I look at on the weekend for the week ahead. I trade short term on the daily and four hour charts.
Litecoin has staged quite a nice rally from the lows to now test the 100 day MA. See if clears and holds above the 100MA.
SPX showing bullish breadth along with the breakout but will it hold? That is the question.
SPX mth breadth has flipped bearish after failing to make a new high