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Beyondtechnicalanalysis

XAU/USD ShortIn this analysis we are looking for shorts. Previously gold was buying and then reversed and formed a CHange of CHaracter aka a trend change on the 15m. On HTF's we are bearish and on our way to break below a previous low creating another BOS for HTF's. This setup is active once price reaches our entry levels by first first getting passed our IDM - inducement which is a minor pullback on the 5m Only then can we look for sells for this setup. Happy Trading
OANDA:XAUUSDShort
by pipnamedslickbag
The Cost Of Missing Your Best TradesWhat if your best trades were the ones you frequently do not enter? There are not many positives in missing trades because it's money you're not adding to your trading account. You're losing more than money when you don't enter your best trades. Let's dig in. Lost of confidence 😫 If you've ever said to yourself, "Why didn't I take the trade?" It's because you saw the setup. Your rules were met, but something inside of you couldn't push the button. It could have been your own thoughts. You could have feared losing the trade in result losing money. Either way, you lacked the strength to push the button. It's ironic how one button determines the fate of your abilities huh? Hear this, you can begin doubting your ability as a trader when you don't take your setups. Remember that your eyes see first and you must take action regardless of your personal thoughts or feelings. You used logic to see the trade so use it to enter the trade. Then let the trade tell you if you were wrong or right. Risk of losing trades outweighing the trades you don't enter. Have you ever looked at your trade journal just to realize you could be profitable if you'd enter all of your trades? Most traders I consult with hesitate the moment they realize they have a good entry. Did you catch that? They don't question the analysis. They question themselves the moment it's time to hit the buy or sell button. Like most traders, you're good until you have to show up to take action. This is common, but can also be the reason why you may not be seeing more profits than losses. Revenge Anyone? Revenge is a strong feeling. Taking action to get revenge results from the feeling of losing something so precious and your money is precious to you so it's only fitting you have a right to want it back. However, money loss doesn't always come from trades you've enter. Consider this: You see a trade. This risk to reward is 1:2. So you know you have a chance to double the amount you risk. You're excited. You see the outcome. So, you put a monetary value on the trade and realize if you win the trade you can win $1000. If you lose the trade you can only lose $500. Something happens. You never enter. It could be for varying reasons. You weren't at your chart because you got busy. You got called in to go to work. Price reach where you wanted to enter, but you didn't like what you saw. Either way you're not down $500. You're at a loss of $1000. That leads me into my last point. The cost of missing your best trades setups is the risk of making the money you desire. That $1000 could have gone a long way for you. It could have covered a car note. Paid your utilities for the month. Added more leverage to your trading account. Either way it meant something to you, but you can't feel it because you feel like you missed out on it. I get it. I've been there. You're not alone. You are learning something though. You're learning you don't want to keep missing these setups so you're going to do something about it. I have 3 suggestions for you. Let's see if you've thought of these: * Adjust your timeframes so they fit your schedule *Set pending orders *Trade less pairs so you can focus on your best setups Hear me well my dear friend, you may not always enter your best setups, but you can miss less. Keep your trading easy for you. Don't overthink the entry. Don't tell yourself you're wrong. Trust me, the market will tell let you know if you're doing things correctly or not. I pray you enjoyed this reading. If you have please like the post and share it. Please share your thoughts below. Many blessings to you, Shaquan ❤️
by ShaquanLopez
Dow Jones Industrial not looking goodDJI = Dow Jones Industrial is not looking good. 200MA, 200EMA (which has worked as support before) and key level ~29 700 was tested and turned to resistance like it is seen on the graph. Next target ~26 800 and if that gets broken ~23 000. IF history repeats itself, then we might go test the 18 200 levels which happened last time 200MA turned to resistance ( 2008 ) This analysis is invalid if we break ~29 700-30 000 and get on top of the EMAs When Fed pivots and start to print money again the markets will turn, and the markets are probably going to sniff that before it actually happens. I think it's sooner than we expect. -Jebu
TVC:DJIShort
by PalenTrade
3
Is SPX overbought?The key point of this analysis is the strong pivot level on $SPX around the price range of 4100-4150. This area has acted as support and resistance several times this year, which is confirmed by being the area with highest volume on a volume histogram for 50 days, and a volume histogram for 200 days. Bearish Signals : Since prices are coming from beneath, this pivot level is likely to act as a resistance level, preventing the S&P from rallying further up. The 20-14 period regression channel indicator still gives a bearish signal for trend, and the S&P is trading below its SMA 300 (the thick red line) My RMA indicator shows that there were two days when the stock was oversold recently According to CBOE, on September 9th the SPX put/call ratio was 1.36, which means there's more puts than calls Bullish Signals : From a trend channel perspective, $SPX is currently following a descending broadening wedge pattern, which is generally seen as a bullish signal There was recently strong momentum, with two gaps, so a breakout could happen out of the trend channel, which would be very bullish. Overall, it seems more likely to me that this is a bull trap than a bear trap, which will move into a resistance level then reverse down, so I will continue shorting at the current price, but if the price continues to rally to above around 4170, then I will reverse my position into a long, as a breakout could easily pop towards the upside given the strong short term momentum.
SP:SPXShort
by spiritualhealer117
using sss and trama as a guidexbt is trending in bull reversal, and we have an hourly pullback from the current day high that is showing price will revisit one of these levels. the most bullish case is we stay long sss and qqe 15 minute and bounce off signal or moving average and that is marked out in dark green. the slightly less bullish case is if we go for a touch of rising trama. if we bounce from there the range is marked out in light green. the slightly more bearish case is if we break trama and head for that sss supply zone. this is an area we could still bounce from and its marked out in light red. if we go red sse and qqe and break beneath sss supply zone we could follow the path marked in dark red. over all were still in a trending market that is bullish.
BITMEX:XBTLong
by cerealpatterns
Market Update for Weekend and MondayWhen I look at BTC, the most important question I ask myself is where is the market heading and how close is it to a major inflection point (important support or resistance). The most interesting aspect of this video is still the VIX and the possible implications of a return to ~17.10. Which is not only an INCREDIBLY strong bounce spot (trend line) from 2017-2019, but also a 25% drop from the current price. It is very possible that the horrible price action on the VIX has been leading to the odd pushing up of the market with only a few clear signals in-between the noise. I will upload a 20 minute Crypto Alt video idea after this and link that to this idea. See you on Sunday at 19:20 EST for the end-of-the-Week candle stream.
BITFINEX:BTCUSD
by TrendLINEBoys