BITFINEX:XRPUSD threw off a signal that on the 60m / 120m timeframes is starting to squeeze with lower volatility. A good trade might be found as a breakout do the downside though any breakout of the squeeze has a high probability of a significant move.
This week two cryptocurrency opportunities happened in BITFINEX:BTCUSD and a similar one in BITFINEX:ETHBTC . Both on the 30m/60m timeframes had the BBK Squeeze which alerted me to them. I have to admit that for most of my trading I have shunned the use of wedges as a technical indicator pattern. That is changing now with a new appreciation. The reason is...
I'm really proud of my trade and position on NYSE:CMI not just for the profit but the beauty of clear price structure which I wanted to share. This is clearly a BULLISH stock on a run but within it are some positive teachable moments. Multiple times it has held CLEAR price high/log inflections along with 50% retracement levels. Trades like this are why I love...
This afternoon after 1pm in the "zombie hour" there was actually a great trade on AMEX:SPY . I missed it because I was at the gym when the signal came in but I wanted to make a video about it for my own posterity as to what makes a "GOOD TRADE!" What made it a good trade is that the reversal signal occurred right at the 50% retracement of this week's big price...
I wanted to share my research for today in a pattern I have begun to notice regarding the BBK Squeezes. Often times a "squeeze within a squeeze" is a great precursor to a breakout move. This really just goes back to the classic chart patterns of wedges and flags which many people use to great success. By coding it up though it lets me do two very important...
Using BBK Squeeze to predict upcoming price breakouts has worked quite well from a probability standpoint on BITFINEX:BTCUSD over the last year on the Daily chart. I like it because once I can see it is SIMPLE. However, I am constantly trying to make SIMPLE... BETTER! LOL Still research and developing ways to better filter the signals for even higher...
Got a signal alert this evening just as price was able to break out of the squeeze
I had a few friends that lost money investing in NYSE:BABA for their upcoming Ant IPO. The reason Alibaba stock got crushed was pretty apparent to me and I wanted to do an illustration on Tradingview so that others can have the knowledge going forward in their own investing.
BITFINEX:BTCUSD is starting to show another squeeze on the 30m timeframe as price begins to consolidate. There was a great trade on the 30m using the indicator over the weekend. I also look at where another BBK Squeeze took price from the 11000 levels on the swing trading timeframe a few weeks ago. If you are patient and wait for the BBK Squeeze to filter out...
For the last few weeks I've been working on and trading with my Bollinger Band + Keltner Channel Squeeze indicator. I wanted to share a few recent trades that have popped up in currency pairs which are the market I designed the indicator to help me trade. Hope all can learn and profit from my research and development! Comment or DM me for more info...
This is the first installment in my second section on Methods I use for finding Support and Resistance. I use a live trade example on FOREXCOM:EURAUD to show how the simple 50% Fibonacci level was all that was needed to find where the price would inflect. While I am aware and have studied the Fibonacci levels I find that just drawing 50% levels is all I need...
This is a segment for a Youtube video about my trading methods. I take off all indicators and ask for traders to look at simple highs and lows to find high probability inflection points of price. You don't need to get fancy to make money. Practice and master price action!
This is a clip from an upcoming educational video that will be uploaded to my Youtube channel.
In this video I use NASDAQ:TSLA with Tradingview video publishing and backtesting feature to demonstrate a trading strategy to make money using these signals. I go over how to use the Bollinger Bands and Keltner Channel indicators to find potential breakout opportunities for trades. Both the Bollinger Bands and Keltner Channel measure price volatility. ...
On my last post about AMEX:UVXY I noted the distinct "trade of the week" theme. The idea that volatility would expand seemed to be obvious to everyone thus a trade on UVXY long seemed to be the play. Opportunity is rarely so obvious and that was why I suggested caution. The Trump tweet of last week probably got a lot of folks in the trade excited to see...
NASDAQ:AKAM and NYSE:THO I took three weeks ago. I have checked my signals in thinkorswim every morning diligently at 10:00am. That's my job. I have not found a single trade that fit my rules to take bullish since September 17th! My two that I took on that date were NASDAQ:AKAM and NYSE:THO . AKAM and THO both pulled a 3:1 on 75% of my positions, AKAM's...
Negotiated with the good folks at Tradingview to allow me all the alerts I need as part of my subscription package that I can now use the platform as a signal service to cover all the markets I want with my custom built indicator and system. I MISSED this alert on the first night I put this into place because I went to bed but it validates all my hard work in...
"Everyone" is UVXY long. Rarely "Everyone" makes money. Tread lightly. The UVXY is the "ultra short VIX ETF"... it is a derivative of the VIX which is a derivative of SPY options which are a derivative of the SPY which is a derivative of the S&P 500 index. The VIX measures "implied volatility" which is the pricing of options. People want to buy options to...