ThinkingAntsOk

ThinkingAntsOk

Today we will go through a simple trading lesson, but an effective one. The example I will be using today in terms of timeframes is mainly focused on Swing Traders; however, these principles remain valid for any timeframe because of the fractal characteristic of the market. Also, this will be a bullish example, but the same principles apply to bearish examples. ...

ThinkingAntsOk

Today we will take a look at XAUUSD. I really like this asset to trade because of the consistent trends it provides, which are great for swing traders. When you are executing a swing strategy , the main thing is avoiding choppy conditions and increasing the odds of developing setups on situations where you may observe clean trends from point A to point B. In...

ThinkingAntsOk

Today, we will look at the current sideway movement that started in MAY 2021 on ETH and in the cryptocurrency sector as a whole. I think the cyclical characteristic of these assets such as ETH and BTC will continue (nobody knows exactly when the beginning or end of these massive bullish and bearish cycles is exactly; however, we can get ready in some ways) ...

ThinkingAntsOk

This is an update on the post I made last week regarding the correction I want to see before trading (you can see the full post on the "link to related ideas") The concept of the setup is pretty simple. The price has already behaved in similar ways in the current area in the past, and the last thing I need to observe to say "This is ready" is the correction I...

ThinkingAntsOk

Before starting , I want to clarify that this doesn't mean "I'm short" this means: "I don't know what the price may do next; however if the price makes THIS sequence of patterns that I have defined in advance, I may be in front of a good situation to trade." WHY? Because I had tested this pattern in the past, both through real trading and backtests, and overall, I...

ThinkingAntsOk

The cycles of the S&P500 / PART 1 This post introduces a study I'm conducting with the main objective of understanding the cycles and sub-cycles that the S&P500 Index has. Why am I studying the S&P500? Because it is the most relevant index in the world. There is not any other economy in the world that gets close to the returns of the US stock market as a...

ThinkingAntsOk

Today we will take a look at MSFT. The 2nd company in the S&P500 based on market cap. The main bullish structure we have is the ascending channel , which started in March 2020 (bottom of the bearish market, after covid 19). Now the price is above that structure again, and we should assume that the structure is still working as a dynamic support. The main...

ThinkingAntsOk

Today, we will look at FB renamed on meta. Currently, we are on 142 days Draw-Down since the previous ATH and a decline of 25%. From here, we will analyze both bullish and bearish scenarios based on the context we can see now. Bullish Scenario: The price bounces on the lower trendline of the corrective structure and breaks the inner descending trendline; on...

ThinkingAntsOk

Today, we will take a look at NFLX after a massive gap. Where is the price right now? Is making contact with a weekly trendline that started in 2017; therefore, we have to consider this level a relevant zone to think in potential bouncing or breakout movements. Bullish Scenario: The price is able to bounce on the weekly ascending trendline and makes a...

ThinkingAntsOk

Today, we will look at TSLA and the current situation we are in. Technical context: - The price is currently on an ABC flag pattern (yellow lines) - The price is close to an ascending trendline coming from March 2020 - The price has reached a major support level (900.00) What can we expect from here? Bullish perspective: Inside the flag pattern, we can...

ThinkingAntsOk

Today, I will explain my perspective on one of the most relevant commodities in the world. After the price broke the current support/resistance level, we observed a 26% correction, and currently, the price has broken the structure. We can observe the same behavior in the previous bull runs from 2007 to 2009 and 2010 to 2011. The sequence is a Big structure...

ThinkingAntsOk

Today, we will look at the 2nd most important cryptocurrency in the world. The logic I'm using here is: What are the characteristics of the current movement? 60% Decline / 250 days of drawdown / Kind of an ABC formation After defining that, I changed the configuration to logarithmic to look for similar scenarios in the past, and I found 2 in 2016 and 2017....

ThinkingAntsOk

Today we will take a look at AMZN. Since September 2020, the price has been moving inside a 20% range approx. That means a little bit more than 500 days there. Why is this interesting for me? Because from long periods of consolidations is where we tend to observe the beginning of new trends. I'm not saying that trend is starting right now but let's take a...

ThinkingAntsOk

Today, we will take a look at BTCUSD. On NOV 2021, the price failed to continue the bullish trend beyond the ATH of April 2021, and from there, we have been observing bearish pressure until now. Currently, we are at a 42% decline from the previous top. What can we expect from here? As always, I have defined two scenarios for the short term based on the key...

ThinkingAntsOk

Today we will take a look at ARKK. The main element we have to comment on is the current decline, the biggest in the ETF history. The current drawdown is at 51%, and we have three other situations in the past where we observed declines of 30% or more. Here are some key ideas you can use to increase the odds of engaging on a successful setup on the ETF,...

ThinkingAntsOk

TSM is the most significant and more relevant chip manufacturer in the world. Probably you have one of these chips in the computer you are using right now or maybe in your car. With all that said, let's take a look at the most important levels on the current chart. * Yesterday (13/01/2021), TSM made a new all-time high (ATH) after 307 days of corrections inside a...

ThinkingAntsOk

Today, we will share the current situation we observe on SBUX. Let's start: After making a new ATH from December 2020, we observed a continuation of that bullish movement until July 2021. From there, the price has been correcting. Currently, it's on a 17.82% decline (175 days) The shape of the correction can be categorized into a flag pattern here; you can see...

ThinkingAntsOk

Today I will share a template that may be really helpful to understand some key concepts: First concept: Only look for setups IF the price has reached a major level. In this example, we can see a bearish movement that has reached a weekly level. Why is this relevant? Because if we are working with relevant levels that had worked in the past, we increase the...