Buy Position on NEWUSDTDon't miss this Buy Opportunity for NEWUSDT
Trading proposals post based on price action, technical analysis, major intraday supports and resistances, rejections, breakouts, chart patterns and other factors .
Trading suggestion :
📉NEWUSDT
Buy Now or Buy at @ 0.000258
Stop Loss @ 0.000180
Take Profit 1@ 0.000400
Take Profit 2@ 0.000575
Take Profit 3@ 0.000900
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Newton
Roger Babson and the 1929 Crash: Action Reaction Ien.wikipedia.org
The Late Roger Babson allegedly predicted the 1929 crash and hence made what was probably the trade of last century. It would be the equivalent of a billion dollar trade in today's market.
Dr Alan Andrews later took his mentor's concepts, which related to Newtonian physics and devised the Action-Reaction method of technical analysis; modelled on Newton's Third Law.
Babson was an interesting character- who merged business, science and esoterics. Like most visionaries he was treated sceptically in his own lifetime. Certainly his adventures in antigravity helped disguise his genius.
Other than the famous 'Babson Chart' there is little to go on as to how he did what he did in 1929.
But an acquaintance and I believe we have deduced the method.
Tradingview makes easier for contemporary traders to mechanise what was a laborious task in the 20th century.
I present to you: the action-reaction chart
NOT TRADING ADVICE
Action & Reaction At WorkThis is how Action/Reaction roughly works:
1) take the center of a major swing
2) mesure back and
3) project it forward.
Observe how price is acting/reaction at the R-Lines.
This is the same principle like: "If you push to a wall, the wall is pushing back."
On my new Blog-Post for registered FreeFTG members, I'm going into details about this technique that stem from Newtons 3rd law of motion, and adapted to the charts by Dr. W. Babson, who made a fortune and started the Babson Collage.
It pays out to know more then just common trading knowledge...
P!
TLT - This should open your eyes a litte moreJust look, study and begin to see.
If you know the rules about Action/Reaction, about the Forks, you have a better sense what potentially could happen when price reaches the centerline, or breaks out of the U-MLH and comes back ("overshoot" - "back to centerline" in pink).
Follow each bar, from left to right...slowly...think about what's going on bevor going to the next bar.
Feel how markets swing, up and down and up and down...breathe in, breath out...contraction, release.
As above so below
Drop me a message if you like it, have comments or want to learn more about the Forks.
P!
SPY - You can't hide...Here we have the really important parts of the SPY.
The touchdown (twice) at the Big CL (fat frey) is a great indication that we are going potentially higher.
The black resistance where we are now, is also a CL from High-Low extremes.
The orange sliding is the Shift in frequency and can be used as a confirmation too, for either long or short.
The Trend Barrier is a very important zone.
If SPY can break this one very hard, then the we have a chance to continue higher.
BUT - if SPY is failing at this level, then i would expect a new low ...yes, below 180...
The second opinion is, that the current PB is just the middle of the real swing down.
If this is true, i expect the market runnung down very hard another 30-50 Points, the same way like it did bevor...
October 1. could be a key Date...
Let's see how this plays out...
P!
IUX Russel - Rejection from the TrendBarrierWhat is important on this chart is not the trade!
It is how you can see support and resistance at the lines.
If you know how to use these tools your chance of profit increase dramatically, because all these lines do is follow the law of Action/Reaction - Newtons law.
It's not a holy grale or such. But when something is happening over 80% of time, then we should pay attention to it and think about how we can use this for our trading. And yes, price is going to the centerline (CL.) over 80% of time.
This is only one rule of many, of the A/R freamweork.
I like to trade small, very small, but trade many occurences to increase my chance of making a profit at the end.
That is why i like to sell options very much! Selling options have a built in success of expiring out of the money over 70%!
Now combine this with this fantastic Action/Reaction framework and you have a hell of a great system to make money from the markets.
I have put togheter a very basic Action/Reaction and Fork course where you can attend for free.
Use this for your advantage and take you seat and start to dive in the world of Newtons law of Action/Reaction on this website: mytradingcoach.teachable.com
P!
CL - No Magic, but ancient knowledge...Even it looks very magical how the lines catch price - there is and never will be any magic in trading.
But the lines have their reasons, time and place!
Want to learn more about Action / Reaction?
Here is your very basic free course for beginners of A/R- a short look what it is all about:
mytradingcoach.teachable.com
Please let me know if you would like have more information about Action/Reaction, TNX! :-)
P!
SPX500 - Thin Air...very thin!Not just because it ran up like hell, but because
it has physically reached the extreme at the
U-MLH (black).
Don't get me wrong!
Markets can run to 10ths of extremese. But in
most of the time we deal with the standards.
What else do we have:
- resistance zone
- Action/Reaction reached
- reversal Bar
...and all in all: Confluence, created by the facts.
Let's observe and learn....
P!
RUT - Russel at resistanceWhat i see in the RUT is a potential resistance.
Alltough it could be that price is advancing to the upper CL (green), my
opinion (which i should not have) is that we see the end of this up move.
The blue Fork's CL got broken up, then broken down again and now we
are in the test/retest mode of it, actually exactly at the blue CL again.
Price fluctuate. And therefore i dont believe in a immediate down spike,
rahter eating up time, going little sideways and the down like hell...probably...
So, you see i am short biased.
But i allways do my best to trade what i see, planning the trade and
trade the plan. This way i can sepparate "bias/opinion" and my action
most of the time, by giving my ego room to be right on paper, and trade
what is really there on the chart.
Looking back at the stats it shows, that my ego paper trading can only be
used for one thing...to foment the chimney ;-)
P!
Crude - Back to EquilibriumAfter the BRK of the small A/R set's U-MLH, price rocket higher, up to the EP
where the blue and green CL's meet.
It's very possible to me, we see price above 47.
If so, price then is above the blue CL again - the biggy would be re- broken.
Facts:
- BRK the slanted coil (orange...to bring poublic short and holding the bag open?)
- back to start (bag full. enough now?)
- Coil and blue CL acting still as resistance
- alltough price showed it's intention to go higher from mid Aug., there
is NO REAL higher Pivot broken (...would be the case if $50 is hit)
By playing this market with option strategies, one could collect premium
instead of exposing his capital to directional trading risk.
P!
USD - Hell of a range and on the way to the south?P5 is reached...at least it looks like.
The tiny lower close is very suspicious...
At least price broke out of the "creative" downsloping Fork and reached the CL.
From here price either zooms through the CL, or comes down to the L-MLH.
Chance for the walk to the south are 80% - same as going to the CL!
And why NOW?...well, as i said, price reached the CL. So it's at the center OR
it is at a potential extreme. If you think about it for a while - the CL could be the
upper extreme...if you threw in a WL (Warning line = 50% projection to the downside)...
Think about this...
P!
CL - At the Center but....I see 5 major possiblities:
1. Price turns at this (red) centerline where it is now, and go's for a test/retest to the upper CL (blue)
2. Price stops a the mesured move line, the one in the green zone
3. The lower (grenn) A/R line holds for a massive move to the upside. If this holds, we would have a huge hagopian which means, price is going further back then from where it came.
4. Price finds support at the L-MLH of the small black/red fork, going north again for a retest at least to the red CL
5. Flush again - down to the blue L-MLH. If so, there is also a high chance that crude could overshoot it and go even further to the south, where heat will really hurt some investors "you know what".
How to play this market?
SAVELY!
Using options the right way is allways a very good idea...
P!
ES - Talking about 80% of what?...What i kow about my one stats with the
Forks, the Action/Reaction is, that price
REALLY reaches the Centerline over
80% of time.
My rules to keep me grounded are simple, but powerful:
- know what you can't know
- use what you know
- use your tools - don't let them use you!
- don't overtrade
- lean on your one stats
- do the work you have to do
- never trade without stops!
- be thankful
Her's a very basic course i put online for free about the Forks, the A&R:
mytradingcoach.usefedora.com
Let me know how you like it and if you want more...
P!
NSC - Dead End for the Bears?This Company was mentioned in my options group
and it looked very interesting to me. So i got my
hands on it and found a nice potential trade.
The fast run down seems to have a end.
Frequency catched up bevor, then shifted and now
we find price at the WL (Warning Line), where the
shifted Frequency meets Action/Reaction.
Potential for a long with a nice stopp below 71
seems a fair bet for a PTG between 95/100.
P!
SPX - Similarity...uncertainty...now what?The 2011 pattern looks very similar to the one we have now.
Even the priceaction from the Bars look nearly the same to me.
Facts for Long
- similar pattern as in 2011
- support at the L-MLH is pointing North.
- no real LT low is broken!
- so far a wide distance from the open to the actual (potential) close
Facts for Short
- the frequency shift (red slidings) on the top, warn about the temporarily potential Max. High.
- if price is reaching the CL and U-MLH (Convergence), ther's a high probability that it is a classic Test/Rtest of the "zoomed" Centerline, and that price is heading south, to the next line - the L-MLH (Lower Medianline Parallel)
- if price would continue north, it had to eat through the upper resistance block
So, really no cristal clear statement.
How could we trade? How about income trades with options, where wo don't even have to know where the market is going?
Take credit from below the market AND from above the market?
Whereever this market will go, it's time to play it save...but also to capitalize on the opportunities...
P!
EURGBP - Bent head...going down to the CL for a nap?Alltough the ST Trend is up, i see what i see: Multiple rejections from the orange/red zones.
This kind of Trade is exactly what i like when i say, look for a good stop.
Following the law of Action/Reaction, the target is the Center Line.
Hint: A turn seldom comes on a dime. Price needs to eat up time (going sideways) to create space, to go in the other direction.