Level8Trading

Level8Trading Updated 

Presently, the weekly chart of NQ1! is providing me with the most clarity. Simply put, we are in a 7-week stair-step pattern, meaning each weekly candle has a higher low compared to the previous week. Heading into next week the key level for me is 12,243 — if this level breaks we will officially be pulling back on the weekly chart in search of a likely higher low...

Level8Trading

Intro Trading with leverage simply means borrowing money to put on a trade. Leverage is one of the many tools available for traders who seek to generate higher gains on their capital. Brokers have strict rules that govern the use of leverage, but this article is not aimed at teaching you the complexities of borrowing from your broker. Instead, the aim herein is...

Level8Trading

Intro Most retail traders fall into the category of technical traders—we use technical analysis to identify market patterns and hope to profit from the outcome. As a technical trader, most individuals over emphasize the importance of patterns, and this often results in an endless search for a strategy that has the highest possible win rate. While this seems like...

Level8Trading Updated 

While the bulls finished the week strong there is plenty of work remaining for the momentum to truly shift back in their favor. Geopolitical news can, of course, shift things dramatically, but as things stand, this is how we see the chart. 1. The most recent swing higher high should act as significant resistance, but a break of this level in the coming weeks...

Level8Trading

➡️ In this post, we highlight the significant correlation between BTC and the NAS100. Anyone attempting to trade BTC or make projections should probably be aware of this correlation if they wish to understand the price action in a meaningful way. Firstly, when we talk about correlations, we must understand a couple of points: 1. A correlation simply means that...

Level8Trading

We used the unfortunate global environment to pinpoint natural gas as a trading opportunity in early 2022. We then used the Olympus Cloud to define entries and exits. When we are trading on a longer term time frame, such as the daily, and we are confident our fundamental analysis is on point, we will risk up to 4 times more (5-8%) than we do in our high frequency...

Level8Trading

In a year when the S&P 500 dropped as much as 25% and fear gripped the market, we have gained over 35% on our entire account by trading the NASDAQ. We used the QQQ ETF, which tracks the NASDAQ, and the Olympus Cloud indicator on multiple time frames. Signals were derived from QQQ, and trades were taken on SQQQ. We used the daily time frame to determine when the...

Level8Trading

Many traders fall into the habit of judging a trading system or methodology by observing visual signals. A visual signal can range from a bot or algorithm signals, moving average interactions, a stochastic cross, or a plethora of other common patterns. Observation is the first step to finding a successful trading system but relying solely on visual cues will...

Level8Trading

A critical component relating to trading success is the relationship between your win percentage and your bottom line. Many new traders hold some extremely inaccurate views when it comes to what kind of win percentage is required to generate net profit, including the notion they need a 70% or higher win percentage to achieve success. This notion is wrong and...

Level8Trading

Debriefing In the opening two parts of our Trading Insights Series we evaluated the importance of probability and random distribution, and then covered some key misconceptions relating to technical analysis and price movement. We recommend you start at part one and work your way up, but this entry can stand alone. Intro Your mind is the most powerful piece...

Level8Trading

Debriefing In the first part of our Trading Insights Series, we went over the essential nature of probability and random distribution as it relates to trading. If you have not yet read part one, you should start there (Probability & Random Distribution.) Intro If you’re an aspiring trader, then you’re probably familiar enough with technical analysis to...

Level8Trading

Debriefing In this mini-series, we take a look at what it takes to become a successful trader. The Trading Insights series focuses on concepts rather than analysis and will attempt to get you on the proper path to your trading goals. We believe the ideas contained in this series are the proper base to help you become a professional trader. We define a...

Level8Trading Updated 

This is not a long recommendation unless you are highly confident in your trading abilities and have the discipline to stop out and look for a better entry. For everyone else, waiting for a pullback to an area closer to the broader trend line is desirable. Always trade with an appropriate stop loss relative to your risk tolerance. This post is an idea, not...

Level8Trading

The daily range continues to tighten on CSE:SPR as we await the news on their potential beverage partnership. Investors are certainly at the whim of this deal and those who are long hope it's favorable. Bull entries are still possible but be sure to have an exit plan in case the beverage deal does not materialize or is not up to expectations. A bear brake of the...

Level8Trading

Congrats to anyone who acted on my previous post on CSE:SPR !!! The company has released a presser stating they are in talks with a beverage company and are optimistic about a deal being concluded within the month of April. This is the highest closing price ever, on HUGE VOLUME, and the all time high is not far away. Can the run continue? Hard to say... Above...

Level8Trading

As the cannabis beverage sector starts to get more attention Sproutly is one to keep your eyes on with their disruptive (likely) process for EXTRACTING naturally water soluble cannabinoids. Their patent pending process doesn't just break down oil based hydrophobic cannabinoids and emulsify them into a wanna-be beverage, they actually EXTRACT the naturally...

Level8Trading

Unless some serious news breaks soon, I think the price could fall more before surging up into legalization. Use your own judgement before investing and always use a stop-loss.

Level8Trading

Seems like things are starting to fade in the cannabis sector ever so slightly. We could see some consolidation midway through next week. The cyan blue and yellow lines are two paths that could unfold. Of course, this does not account for any huge news landing. Use your own judgement before investing and always use a stop-loss.