AMD to respect Gann Fan?NASDAQ: AMD Advanced Micro Devices, Inc. is an American multinational semiconductor company based in Santa Clara, California, that develops computer processors and related technologies for business and consumer markets.
Gann Fan Outlook:
As we can clear see on the Weekly TF, AMD has respected this charted Gann Fan multiple times. Currently sitting above Angle 1/2, price action is telling us we are still currently above averagely "Bullish".
Im interested to see If price breaks Daily Resistance and hits any of the charted TB Fib Extension Targets closer to the Angle 1/3. On the flip side if we break Daily Support & Former Support im interested to see if price action will return to the Angle 1/1 (which is also a former level of Resistance).
Cheers to the next 6 months!
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
Angles
EGLD, a coin that went under your nose.William Delbert Gann has said: "The future will be a repetition of the past", a quote that is in direct contradiction to the famous repeated phrase "Past performance is no guarantee of future results". Every serious trader has his own mindset and personality. Following the Myers–Briggs Type Indicator a person is either a strong judging character or a strong prospecting one. Both have their advantages and disadvantages. It is obvious Gann was the latter. If we take a look at the breakouts downwards with EGLD, draw a trendline towards the top, flip them 90 degrees, we see that the market is reacting to them. Could it be so simple? It is a direct contradiction to what every seasoned trader would say in crypto."Extremely volatile and unpredictable! Whales have rigged the game! Pump and dump scheme! Everyone is a genius in a bull-market!" It is up for you decide what you believe in. I believe that, the more we know, the more we know what we don't know. But we can make well-informed guesses and see what sticks with our personality and our wallet. EGLD seems to stay here for the long run. I would not be surprised if the price hits 400+ usd in 5 years.
How to Capture more Profit through Trend Line AnglesTheory:
When I'm trading trending markets above the 4hr and daily timeframes, I often use trend angles to understand the rate of change as the market gets faster and steeper.
Today I'm going to use Gold as an example.
I have been trading this asset for a while as it has been trending well on a casual upward slope of approx 14 degrees.
Around July 20, the angle changed to 30 degrees... This is twice as steep, indicating stronger momentum.
Around the July 23, again the angle increased and this time to 52 degrees - almost double again.
On July 27 (today at time of publishing) the angle changed again to 76 degrees.
Using the trend angle tool, I can see the rate of change and how steep the trade has become.
Trading Tactics:
Each time the angle changes, I draw a new trend line and add an alert to the most recent inner trend line. This is now my priority.
As the trade develops, I can review the progress.
If the most recent inner trend is broken, that's the first red flag for me.
I can choose to sell a few contracts/shares/units and begin to scale out.
At the break of the most recent support directly below the inner trend line, I will scale out even further.
If a second trend line or a major channel is broken in addition to the inner trend and support, I will scale out completely.
Summary:
This tactic has allowed me to capture maximum profit without having to set up a trailing stop loss. Although a trailing stop can work exceptionally well in some circumstances, this is an alternative option.
Hope this helps!
Have you used similar tactics or a similar strategy?
NOTE - This is purely educational content and none of it should be taken as financial advice. I am sharing a tactic that works for me personally, with no guarantee of results being replicated.
BTC: Geometry Analysis
Hi All,
I made a simple geometry approach to have an insight into the next move of BTC.
There is a very personal and professional reason for 33's angles. I can disclose it another day; this is not the post for it.
The analysis starts with time cycles in which we can see some prices consistently.
The converging points of the positive and negative angles displayed the next low and high prices. Here it is:
21 May 2020 $8661
14 Jun 2020 $9684
I do not pretend to give advice. This is just the result of hours thinking about it.
BTC GANN ANGLES, I WANT IT ALLHola amicos, es bien sabido que los mercados son cíclicos y tienen un comportamiento que a veces parece seguir los pasos tal como esta dicho técnicamente hablando de escalas de tiempo grandes,
también hay que mencionar que se ha visto bastantes fractales dentro de la misma gráfica en escalas menores, esperare a hacer una compra entre los $6300 a $5400, sabemos que los mercados no están para ser alcista
pero vamos quien no quiere hacer un poco de dinero en este momento de especulación.
Una buena canción que describe a BITCOIN Queen... I want It All
Saludos y que satoshi los bendiga!!!.
BTCUSD: Limit Buy SetupBTCUSD is seemingly being well-offered around the the 50% reaction point on the earlier 60% bear move, potentially providing a good opportunity to buy the pullback within the bullish leg that almost did a 100% move higher from the $3.9k low. The highlighted areas serve as a visual representation of how supply&demand zones are expected to shift through the passing of time. As long as the lower green shaded areas, remains intact, BTC doom can be avoided. Below that area, BTC is in a bearish territory.
USOIL: Buy Signal Oil price is seemingly getting bid at the important 315º @ 5770. Long entries from here with potential targets of 5890, a 45º movement and 6010, a 90º movement. The context to the left dictates a short, but we are going against the tide here to capture a decent return on minimal risk of 30 ticks.
CLX9 Fading Short SetupSeemingly oil has run into the supply area via profit booking. The traders are reducing short risk exposure and are likely to enter for continuation on a pullback. The fading short setup looks valid at this point. However, in the context of the recent price action, the probability of this trade is not the best that we could have.
Gold Monthly Meeting ResistanceHere is a monthly gold chart squared to ATH. As illustrated, the gold price soared to the 15º angle line coming down from the ATH, and this is expected to attract some supply around this level. There's an increased risk of downside for long position holders, and significant reduction of short risk exposure might ensue if there's a sign of demand failure here. Looking for short entries makes sense at this point.
USOIL 3 Day Chart Here's a longer term outlook on USOIL with potential supply and demand areas. For now, oil is seemingly set to test the overhead supply area highlighted with fib horizontal levels and sloping-down angle lines. Depending on the reaction upon meeting these levels, the lower demand areas might come into play. Looking to add to short risk exposure for another bullish push before meeting resistance, where some short risk exposure reduction by the institionals is expected.
Excerpt of Mr. W.D. Gann methodsHey
Probably many of you already know that most important part of analysis by W.D. Gann methods is scaling. In other words how many pips are in one unit of time. This parameter is used in Gann fan (set of angles) and Gann Boxes (chart overlays).
The correct way to find out the scale factor is to calculate it from price swings.
Here us the rule: Each swing or impulse follows one of the angles. No exceptions!
I am posting here the monthly chart of GBP/USD with the scale I've calculated. My intention is to show how working angles and boxes look like, so you can verify you have found the scaling factor correctly.
Pay attention that intersection of angles gives points when we can expect reactions.
USOIL Potential Support AreasUSOIL got rejected around the old gap area of 5480-5520 that is highlighted on the chart. This resistance area is a significant one, overcoming it will open the way towards higher targets for bulls. It will also validate the inverse head and shoulders pattern noticeable on higher timeframes. Bears were quite aggressive in pressing down the price and managed to swap the first gap highlighted in green. However, there is the second gap around the 5345 area that bears need to swap for further downside. An immediate target of 5295 would open up in that case, the 5295 being next bull angle area shown on the chart. Looking at higher timeframes, such as the 5H, the price is currently painting a spring bar with a decent shadow near the 5345 gap area, which can be interpreted as bullish as long as that level stays intact. This area here is quite important for clues of further direction, the 5345 & 5295 areas being the key price levels that bulls need to guard for further upside.