Daily Checklist Before The Market Opens | Sep-13 2022Hello and thank you if you are a regular reader 🖖 Welcome if you are new to my daily publication... 👍
Publishing this post on a daily basis helps me avoid distractions and sets my focus to be fully in line with the now in the marketplace.
Knowing you read me keeps me accountable and forces me to be objective in my analysis which helps with my own trading emotions and temptations 😉
This selfish moment may also serve you well 😁 as my findings may guide you into understanding the markets better, or may simply act as a second opinion after you have performed your own analysis 👏
The rationale of my analysis is detailed on the chart itself so you don't need to look up and down.
Below you will simply find the results of my process applied to other four relevant markets I always check before I trade.
Trade well!
OIL: NYMEX:CL1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: NO
🎯Stats: 1 out of 6.71
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 105.24-100.89
🛸Buy UFOs: 80.47-77.83
3️⃣Options IV: 44.15%
🚀Daily Expected Move: ±2.47
🚀Weekly Expected Move: ±5.43
🚀Monthly Expected Move: ±11.31
GOLD: COMEX:GC1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: NO
🎯Stats: 1 out of 5.87
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 1757.9-1731.4
🛸Buy UFOs: 1740.5-1713.7
3️⃣Options IV: 15.79%
🚀Daily Expected Move: ±17.29
🚀Weekly Expected Move: ±38.06
🚀Monthly Expected Move: ±79.23
DOLLAR: ICEUS:DX1!
1️⃣Market CLIMATE
🎯Current: DOWN
🎯Confirmed: NO
🎯Stats: 2 out of 5.36
2️⃣Buy and Sell UFOs
🛸Sell UFOs: -
🛸Buy UFOs: 106.840-106.180
3️⃣Options IV: 10.58%
🚀Daily Expected Move: ±0.74
🚀Weekly Expected Move: ±1.62
🚀Monthly Expected Move: ±3.38
BITCOIN: ICEUS:BTM1!
1️⃣Market CLIMATE
🎯Current: UP
🎯Confirmed: YES
🎯Stats: 1 out of -
2️⃣Buy and Sell UFOs
🛸Sell UFOs: 25147.5-23122.5
🛸Buy UFOs: 19395.0-19075.0
3️⃣Options IV: 94.64%
🚀Daily Expected Move: ±1329.92
🚀Weekly Expected Move: ±2927.68
🚀Monthly Expected Move: ±6094.46
I believe now you know why UFO and 3D are part of my name…
Feel free to private-message me and share more about your trading style if you are too attracted by those UFOs 💪
*This daily post is not intended to be used as financial advice
Cycle
Imagine shorting Bitcoin here at 30kImagine shorting Bitcoin here after 55% dip because your stupid friends are in panic and they told you it's a scam. Close the charts and come back after few months at new ath and watch how they are fomo all in with everything what they have. Always same story, I refuse to sell here, fk you bears.
BTC 4 Year Cycle Bottoms in NovemberWe've already begun a short squeeze that will go much higher than people expect.
This will turn into belief that cycle has bottomed and FOMO will carry it higher.
Price will meet the the 200 day moving average and the sell zone of the current channel at the 29k support zone, now resistance, in late September.
Shorts will have been thoroughly wrecked, and FOMO'ers bags will be thoroughly loaded for a long squeeze.
Price nukes into November for the real bottom of the cycle.
Why November? Check my related ideas.
BNX: THE BEST GREEN CYCLE COIN OF THE MOMENT: ATHDepending on the high study, this is the best Cycle coin of the moment, the DCA whale movement makes this coin respect the before levels and gets with time with stricture volume into an uptrend.
The important coming targets 188/224/332
See the below update for more details
Gold. Its OB, And more importantly where its CHoCH? 9/Sept/22Gold. As a “contribution” to tradingview ( many thanks to tradingview for providing such a good free charting platform) community ( Today I’m going to share my own interpretation of OB ( order blocks), and most importantly where is the “exact “ location/pivot/level of CHoCH ( change of character)?. A concept with BOS ( break of structure) which has been used by advanced naked/ Price action trading traders without any indicators. . It will cut “novice traders” learning curve from 3-5 years even 10 years where they are searching for “holy grail “ trading system/indicators..The biggest question for this concept of trading will be “where” is the exact location of CHoCH? ( change of character = change of “previous underlying trend” )..The “ANSWER” is! = at subwave b of any last leg of impulsive wave which is wave 5. < p/s unlike conventional Elliottwave rule there is ONLY abc subwaves “inside” any impulsive wave..> Last but least many thanks to @makuchaku and @Efe for coding the such a great “super OrderBlock..” script/ indicator which help us/traders to “visualize “ where is OB, FVG Although we still need to find where is “CHoCH” “manually”..
GBPUSD - LONGConsider the formation of North Impulse from Major Resistance Level. Buy on a false breakout! The target is next Supply Zone.
GBPUSD - LONG
ENTRY PRICE - 1.14450
SL - 1.13700
TP - 1.18000
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
Wave Projection on Gold 4hUnder the 5th swing of the dollar strength, expect gold to continue drifting down.
Double top of the Gold weekly makes me believe this key range bottom 1683 level will be retested.
This is a Elliot Wave projection on gold using Extended Fibs. One of the key monitoring is whether the strong 1683 weekly level be broke or hold when approached.
BTC Cycles and Important date with price areas 2013-2021 to 2023As we peaked in 2021 October 25/November we see the top area from 2013 Cycle top. Looking from this if whole global economy collapses to another support area BTC has a possibility of going to accumulation area from November 21-28 till February 20 2023 in the Price range of 6900-8k with a Possible top in 2025 at 30-40k zone.
ETHUSD - Shapes of a Bottom Feat. The CMF & RSI"Ah, freak out! Le freak, c'est Chic Freak out!"
I made this chart in an attempt to counteract the various freak-out fests I have seen on Twitter and Telegram these last few months. I am not sure what charts the Freak-Out Crew (FOC) are watching, but they can't be the same ones as I am looking at today. The cycle low is in and the bottom is being made, what's the problem, bois? A good, solid foundation takes months, not weeks to build so what is left to do, other than appreciate the shape and movement of it all? But, oh the macro! Right, the macro narrative is what made me sell everything during the Covid Crash March 2020; never again, my friends...never again. I have learned to trust the weekly and monthly charts.
I hope the heavily labelled chart is easy enough to understand, if not shoot me a comment down below and I will do my best to help you understand. Also any counter-arguments are very welcome. Enjoy your day. Cheers.
This has a lot of short term potential 3+ monthsMarine Petroleum Trust, together with its subsidiary, Marine Petroleum Corporation, operates as a royalty trust in the United States. As of June 30, 2021, the company had an overriding royalty interest in 55 oil and natural gas leases covering approximately 199,868 gross acres located in the Central and Western areas of the Gulf of Mexico off the coasts of Louisiana and Texas. Marine Petroleum Trust was incorporated in 1956 and is based in Dallas, Texas.
In the News
DALLAS, Aug. 19, 2022 /PRNewswire/ -- Marine Petroleum Trust (NASDAQ: MARPS) ("Marine") today declared a quarterly cash distribution to the holders of its units of beneficial interest of $0.261822 per unit, payable on September 28, 2022, to unitholders of record on August 31, 2022. Marine's 2021 tax information, cash distribution history, current and prior year financial reports, a link to filings made with the Securities and Exchange Commission and more can be found on its website at www.marps-marine.com Additionally, printed reports can be requested and are mailed free of charge.
This distribution of $0.261822 per unit is higher than the $0.197500 per unit distributed last quarter, as the volumes produced of and price realized on both oil and natural gas included in this distribution increased this quarter. This distribution is higher than the $0.064312 per unit distributed in the comparable quarter in 2021. As compared to the comparable quarter in 2021, the volumes of both oil and natural gas produced and included in the current distribution and the price realized for both oil and natural gas have increased.
Marine's distributions to unitholders are determined by royalties received up to the date the distribution amount is declared. In general, Marine receives royalties two months after oil production and three months after natural gas production.
Invest at your own risk
A Closer Look at BTC Cycle StagesI've already posted a chart on the 4-year cycle for Bitcoin (link below). This is a more detailed look at it. At first glance, the previous cycle looks different from the current cycle except for some very basic framework, but upon closer examination, they are in fact essentially the same even at the specific parts. It's intriguing enough that it's hard to be a bear right now.
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BTC 4 Year Cycle - UpdateThis is my projection for the next few and final months of the BTC cycle.
If the consistent and precise cadence of the BTC 4 year cycle remains in tact, November will be the bottom of this cycle, but the details of how we arrive there, if indeed we do, are highly speculative. I'm just throwing this out there for bragging rights in case I'm right.
In any case, regardless of how it this actually plays out, my long strategy will start in November and last until the next cycle top in Oct 2025: dollar cost average, accumulate, leverage the lows, de-risk the highs.
I linked to my original idea regarding the cadence of the 4 year cycle below.
Bitcoin dominance defined in JanuaryBitcoin dominance defines the market capitalization of BTC versus the total crypto market capitalization.
When the dominance of BTC goes up, it means that the price of BTC performs better than altcoins.
Otherwise, when it goes down, altcoins perform better.
According to vertical lines, January is a definition month.
The red lines indicate when there has been a decline in dominance, and the green lines when there has been a rise.
In the last month of January, we have an indication of a rise.
The question is whether in January 2023 dominance will continue to rise or decline.
Crude Oil. Its dynamic/ Astro cycle. 11/ August/22 “Crude” Oil. The “mother/father” of “all” inflations probably on its last “leg up” soon @ around 87.98 toward around 118..So..So..All stocks/equities market will probably “end” its crashes ONLY around last quarter of 2022. P/S Crude Oil movement is “governed” by planet Saturn and Neptune. The Purple 7, 8 ( dynamic cycle ) are based on “cycle” counts with “statistics “...
Time to start a new cycleToday we get some notable signals:
+ BTC price surpasses MA200W;
+ We have the first green histogram after 5 correction waves of MACD;
+ We are in the 17th month after the official peak of the previous cycle (Apr 2021);
I think we are really entering a new cycle with an uptrend that lasts until 2025.
Wyckoff still playing out on BTCI have only been in the market 18 months, and have tried/tested many indicators. The only one that has remained consistently true up until this day, is the Wyckoff Distribution Schematic #1. It hasn't really faltered at all since people started drawing the comparison early 2021. If it remains true, we will hit ATH before the cycle is done, sometime around the end of June. That said, 18 months is not a long time. I just know what I know, and I know Wyckoff has been freaky accurate since I entered the market.
Iron ore miners to Bull hard Hey guys,
Good time to load up on iron ore miners who have been sold off recently but i dont see prices falling below that major long term support line it has bounced off.
This chart is part of my thesis on the Inflation cycle to calm down over the next few months but as commodities like iron ore, copper, Oil etc start to bull again as people still have cash at hand to deploy as prices come back down. The Bullwhip effect has certainly started with retailers increasing stock by +25% while sales Revenue only increases by 3% something that confirms prices have started to fall but Major support being hit here and in other commodity showing people are back to buying and the commodities will lead the way back up starting the next wave of inflation that will hit a higher peak then current levels.