You'll start to see a theme here with my trading - Identifying HTF algorithms and waiting for price to prove them. Yes, i've been leaning to the short side as that's what the charts have been showing me but same rules apply for long trades just backward. Will continue to share analysis like this going forward but I cannot stress enough how important it is to...
Been preparing for this HTF level to be hit - consisting of both our multi-year white tapered selling point and our HTF tapered orange buying. The double whammy that acts as major resistance. This along with our current selling algorithm lining up (recent sell-side control) gives me a lot of confluence and confidence in a HTF short here. Will be playing this to...
Good to be back! As I mentioned, I'm going through a transition in my trading world and rebranding myself away from TraderDaddy and building out my own educational business and focusing on my personal trading and my clients development. Expect a username change in the coming days! I will do my best to be here as much as I can with you all through continued...
We've been watching this progression happen and there is no surprise about this breakout of our strong selling orange - we disproved orange by holding red - and that's what is "allowing" this breakout of orange to happen. Stay tuned for further analysis and keep watching for this progression on all charts and all timeframes! Have a great weekend all and Happy...
We are identifying a potential long trade on TSLA - However, unlike Friday (where our conditions to enter were not met), we are back in the same position after gapping up pre-market back into our yellow strong buying. We are looking for price to continue to respect our teal strongest buying algorithm and build controlled liquidity. Once we prove teal, we will...
Just going through some of the HTF opportunities I've been identifying for the past few days. Happy Trading :)
We are potentially seeing HTF taper signs with our red tapered selling. Lot more work to do for a HTF bullish breakout but this could be the start to start breaking out of strong selling (orange) and building liquidity in a more controlled selling manner
No trades clear to me on AMD as of now - I need to see some HTF algorithms proving themselves without any expectations. We do have a strong HTF buying continuation approaching but I would like to see some further tapering on the buy & sell side before expecting this to hold. Happy Trading :)
Thank you to my followers for holding me accountable for a lapse in discipline - I identified a trade opportunity that had conditions - and some of those conditions were for us to taper along our tapered selling purple toward yellow and to see a yellow pickup. Clearly we didn't taper toward yellow and I jumped into a position on the touch of yellow. From the start...
This is going to be a move to remember if we see the right setup at the right time. I am looking for our yellow buying continuation to get picked up and for price to start making its way toward the top of yellow and toward our HTF green bullish selling algorithm at the $240 area. For more context on why I am confident about this move (context for this trade is...
Tell the story of the chart and trust your HTF algorithms - that's all you need to do in this game! TSLA long opportunity coming right up! Happy Trading :)
We are seeing price respect exactly what we prepare for. Now looking more long term, we know what we need to see in the HTF progression to see continued proof of tapering and breakouts of orange, and then ultimately red once we've disproved that. Happy Trading :)
This is exactly what we've been looking for! Teal Tapered selling is proving control once again - the progression in the past few weeks being Strong selling Red --> More tapered purple --> Tapered and bullish teal! Now we await the disproval of our green taper by rejecting off of it and activated yellow strong buying to break out of it! Happy Trading :)
Multi-time frame analysis is key in this style of trading - and it takes time to get used to. The best thing we could do to set ourselves up for success is to PREPARE our charts and our trades to where we're only executing once we see our analysis come to fruition. We want to be ahead of the charts but only once we've gotten proper confirmation - and that's what...
Trade based on HTF algorithms and trust your trade! Unless you're practiced and have a built out LTF strategy, don't get caught up in the chaos! You can see here how simple it can be if we just trade based off our HTF algos Happy Trading :)
We are continuing to reject off of our orange strong selling algorithm on the buy-side; But, we are approaching our more tapered red and bullish white which have both shown signs of potentially controlling price on the buy side. We now wait for the sell-side to start proving itself which in-turn will begin the disproval process of orange and allow for a breakout...
Holding myself accountable here to everyone - I had all the signs and reasons to not only sell my long position but to short this - and instead I let my bias of being in a long position and not wanting to miss "the breakout" even though I had every signal in my book telling me otherwise. Unfortunately it's very hard to learn from others' mistakes - but if you are...
The key to a sustainable trading career is avoiding early entries that don't have the confirmation we require. I am a huge customer of this fault as are many traders. In order to start taking safer positions, we wait for further confirmations. Now these confirmations aren't just to inhibit us and stop of from taking trades to be more disciplined - we are crafting...