Technical introduction I don't know who is going to read this so I am going to be a bit more detailed than normal to explain some of this indicators. The moving average convergence/divergence indicator, also known as the 'Mac D" defaul calculations is to that the differnce between the 12 period Exponential Moving Average (EMA) and subtract the 26 period EMA. ...
This is a pure price action post and so it is a pretty simple idea (especially for me). Price action created a local high on the 19 of Feb 2020 and then another high on the 8 of June. The second high clearly marks the termination of an impulsive move. One way to understand how price action can act after an impulsive move to to to a fib retracement. We see...
Here we have Ethereum on the log chart and as the trend line and hammers show this is the third time previous support has flipped to resistance and so at the very least some sort of down trend is to be expected. The EMAs being used are the 13 and the 48. ETFHQ.com did a competition on the best golden crosses one could look for and found across all asset classes...
Pretty simple post, since June 2014 silver has struggled to reach the 100M SMA and every attempt or approach so far has sent the price action ultimately to the black trend line. Most recent was in spectacular fashion. The MACD histogram is becoming one of my favorite indicators because hidden bearish divergence helps to suggest that the MACD itself will have a...
As I say time and time again, basic charting comes first the price action, then volume action, then other indicators. I have posted iterations on this chart several times over the last several months. Price Action Setting its second lower low since the ATH of December 2017 SHas flipped rising support to rising resistance with the blue trendline and hammer ...
Twice since 2000 the eurodollar future as pumped to near 100 and at both times the midpoint consolidation marked a bull trap within the S&P. Our current set of circumstances is unique as a third touch at resistance puts the eurodollar future above 100, which signals negative interest rates in the real world and outside the control of the Federal Reserve. How the...
This is a relatively micro formation so the chance that it get busted his higher than average, but the fact that a very lose head and shoulders has formed and that gives day traders a pattern to play in a very technical manner. I have played a bit with taking profit of head and shoulders on full performance of the right shoulder rather than doing calculations on...
BTCUSD has once again slipped the EMA ribbon on the 12h, as well as a trendline which can now act as resistance. It is very possible that price action will have a failed break out attempt and get rejected by the blue trendline once again as shown by the hammer Further that, the OBV EMAS have crossed all bearish, with the 100 above the 20, above the 10, above the...
Partly working on a new indicator set so these ideas are part me working out my thoughts. see more at the bottom for those thoughts. The two volatility based stops, the VSTOP and the Chandelier, are both based off the average true range. Link to the 9Season idea Key points for all timeframes Support fails Volatility stops flip bearish (mostly) Bearish 9...
Weekly Weekly volume is falling the OBV with EMAS shows that the OBV has hidden bearish divergence between peak to peak as shown by the blue arrows the OBV is very tight against the 10 and 20 EMA. This suggest the next move would be the OBV to bearishly cross the 10 and proceed down to the 100EMAm if not below. The MACD is showing a technical double top...
I follow some choice crypto trading youtube videos and I feel deeply that many of them are failing us. Fundamental concept for price action: when resistance and support flip be prepared for a powerful move. A trend reversal. One prefered trader covered this concept this week, but instead of looking at a multi-year trend they are looking at a month long...
The silver volume action is clearly beginning to tighten since last July and while I would not recommend doing strict TA on the OBV with EMAS its clear that eventually this triangle with have to break one way or the other. the OBV going sideways is a theoretical option but with the price action struggling against the 400W simple moving average and the divergences...
Very quickly, there is a head and shoulders, and a very quick target based on full performance. Two very long term SMAs set up support and resistance. Wide Shot here
Volume and trend lines gives us, really, about 90% of everything we need for good trading. The Volume Profile, Visible Range, On Balance Volume with EMAs, And Money Flow Index give us a lot of information on volume action and each trend line on this chart is at least two years old. I like to use Kraken as its reputation as the least spoofed and most secure crypto...
I have been charting the bearish case for silver for about six months and this chart has popped up in one form or another several times. It is still obvious that price action is being compressed between the 200W and 400W SMAs. When price action slipped the 200W last there was basically a flash crash to 1500W. What did this legendary rally get us on the daily...
I am not a pot smoking degenerate , and I in no way support this filthy industry , but someone asked me my opinion this as as trade and I like a challenge so here we go. On the left is Aurora Cannabis. On the right is the Dry Bulk Shipping ETF, which is suppose to provide exposure to the proprietary Baltic Dry Goods index provided by the London-based Baltic...
I know the pain of losing a grip of cash through inexperience at trading and emotional regulation. We are at one of those moments were lots of money are going to be made and lost and you need to listen. I am not qualified to give financial advice, and I am not a Certified Market Technician. But I have worked a lot to master the basics and it comes down to a few...
The Bollingerband traditionally has a lookback of 20 periods, and that coincides with a common moving average length of 20 (sometimes 21). SPY price action has gapped up and stopped right at that baseline, or the 20W SMA. This is very much a do or die circumstance for the market. If the baseline asserts itself as resistance we can expect a very painful...