In this video I look over a few indices and the VIX.
There is a problem i.e. the news is saying one thing, but the charts are showing something rather different. I look at some trendlines, channels and patterns. After many years in trading I'm no longer obsessed with the names of various patterns. The overall pattern is what interests me more.
The news is...
In this video I share my experience on the Big Question in the minds of lots of traders. This is not particularly about GBPJPY. I use the 15 min time frame only as an example.
I point out that candlestick charts can be deceptive in giving an idea about price, that may be erroneous. It is natural especially for new traders to see a number of unfavourable...
Bitcoin failed to close above $7200 during this most recent consolidation period. It has now fallen below $6900. If it was going to launch and make a bull comeback, then it would have happened already so those who claim it's going to launch now are just engaging in wishful thinking. Usually when there is a reversal in bitcoin it happens immediately, not drawn out...
BITFINEX:BTCUSD
Dear friends,
As I have promised, I present you my next weekly training article.
Some time ago I started studying harmonic patterns, book by Scott Carney “Harmonic Trading” proved to be very useful.
Having studied it thoroughly, I tried to sum up my knowledge and write the summary in a series of article, starting from the present one.
Let’s...
There are a lot of patterns on the big chart that seem to repeat themselves a couple times. BTC is beyond the paradigm shift in trading. It's mind boggling to see how far it has come and just looking at that near straight line on the overall chart is quite a view. All it takes is one more negative news and tower will collapse.
