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Danger

DANGER: Amazon and FANGS could be in trouble. Amazon has just crossed $1 Trillion in market value. This is without doubt a parabolic expansion. History has shown us that parabolic charts like this suffer a significant correction. Do not expect me to say when - as I have no crystal ball. Tech stocks have been propping up Wall Streets expansion. But there is a problem. The stock markets in the US and around the world are being eroded in value. Google is your friend. Around the globe there is market contraction due to trade wars and international political tensions. Reliable research shows that value of stocks below the top 30 is falling in average. This is a danger signal. The traditional 'news' is not your friend. From day to day we hear different news casts. These people are there to sell their news - that's all. Dig deeper. The world is in trouble! Amazon cannot fight and win over the whole world. It just ain't that big or powerful. Tech stocks have been living on borrowed time and feeding frenzies. If Amazon goes south, and the rest of tech goes south, expect to see major corrections on Wall Street. Those looking to short the stock markets may wish to look for trend changes on the 4H - 6H time frames and with Amazon.
NASDAQ:AMZNEducation
by Captain_Walker
USDCAD Technical Analysis Outlook November 8, Danger Lurking? The price of the USD/CAD currency pair has aggressively surpassed its moving average of 1.3070, trading at a current price of 1.3112 as of 12:40 PM, ET, November 8, 2018. The Mstardom Finance Forex Trading Strategy told us that a strong mean reversion possibility has developed, and we should be prepared to trade this opportunity if we weren’t already in the trade. Our ideal trade entry range is between $1.3130 to $1.3187, where we will initiate a sell order. This means that anywhere within that range is a very good place to initiate a short-sell order. Remember to keep an eye on the Economic Calendar located on the Mstardom Finance Economic Calendar page to keep abreast of what economic events are scheduled for that time period that you have set aside to trade. By looking at the current USDCAD daily chart on November 8, 2018 @11:04 AM, ET, we can see that our predicted price action has begun to take shape. In other words, the price has begun to approach our point of trade execution. The Mstardom Finance Proprietary Forex Trading Strategy told us to initiate a sell order when the daily price gets to between $1.3220 and $1.3242. The $1.3242 price target is our hypothetical resistance zone given to us by our Forex trading strategy. At this moment in time one could play Russian Roulette and go long for a short period of time. However, this strategy is very risky. A courageous trader might be able to get away with trading the USDCAD pair that way simply because our Forex Trading Strategy told us that the USDCAD pair is currently exhibiting a very low dose of volatility. In an instant, this low-level volatility environment (of volatility less than one) could easily become an environment with a volatility greater than 4 to the upside, inducing upward momentum volatility or to the downside, inducing downward momentum volatility if there is a positive or negative news catalyst. The way Mstardom Finance traders handle such unpredictable news catalyst from wreaking havoc on our trading is by keeping a close eye on the Economic Calendar located on the Economic Calendar page on Mstardom Finance. We pay the most attention to the upcoming events that is designated with three (3) bull heads. Please click more... to see the entire article. Disclosure: I/We/Mstardom Finance do not own a position in the USD/CAD currency pair. Disclaimer: ©Mstadom, Inc., Mstardom.com, Mstardom Finance does not provide investment advice.
Short
by mstardom
I see you BitcoinWe are in a pretty tight down channel right now. I give you two paths... approximate paths i can see btc -0.15% following. A)Continue down till we hit ~6950 before a healthy bounce and Rise up. B)Or start some sideways action right now before a move up to break the trend. If we follow path (A) then we must NOT break 6900 at the bottom. As you can see there is a previous uptrend support line that has dated long ago. Bad things can happen if we go below 6900 like testing our 6k bottom from months ago and breaking it causing massive panic. -Hit me a like please if you agree or share your idea in the comments : )
COINBASE:BTCUSDShort
by tokeylokey66
Self-discipline - what's that?Whilst I am on a roll, I'm pushing out loads of questions and thoughts that have occupied me for the last two years. All this is well ' Beyond Technical Analysis '! In too many trading/training videos out there, I've heard the words 'discipline' and 'self-discipline'. These are so commonly used words that many take their meaning for granted, or as something very elementary. I know - because I was one of those people who thought I knew what the words meant. However, there is also a thing called self-deception which works against self-discipline. Self-deception at its heart, is the ability of the mind to justify anything! Quite simply - it's dangerous. The Collins Dictionary defines self-discipline as, " controlling of oneself or one's desires, actions, habits ... .. the act of disciplining or power to discipline one's own feelings, desires... with the intention of improving oneself. " It's easier now to see how this connects to trading environments. A sound trader needs a lot of personal self-control over actions, habits, feelings and desires. I add 'thinking processes'. Certainly there must be a routine that improves one abilities, as the markets are not static. Their behaviour changes so one needs to improve to match those changes. The obvious question for many (especially new traders) is, " How do I become more disciplined? " I'm afraid there is no magic formula that I can prescribe. I can only share a few personal experiences that drove me to become more disciplined. It's like a weird sandwich: A firm and unshakeable desire to make myself consistently profitable. Pain i.e. painful mistakes. Non-acceptance that if others could do it, I couldn't. Pain drives people - let's not debate that. By pain I include from the worse kinds of suffering to the more subtle kinds. One can include things like frustration, anger and disappointment. Pain stood like a distasteful filling between the two sides of my sandwich. I just couldn't ignore it. If I wanted to make this thing right I had to fix the pain; all sources of it. I was/am my own pain. My enemies arise from within me to cause me pain. My mind plays tricks on me in trading environments. To deal with the sources of pain I had to deal with my own mind, else just give up. I'm no quitter! So whilst I do not claim near-perfect discipline now, I have been addressing the trickery of my own mind - those inner enemies - that thwart my thinking processes. After all, if I don't the whole sandwich (three bullet points above) become nothing - and I'd have to join the 90-odd percent of people who give up on trading in the first couple years. Am I saying that pain is a necessary ingredient for everybody to reach a greater self-disciplined state? Well yes I am! In every walk of life people have to suffer some sort of discomfort in achieving their goals. If you wanted to become a top-rated lawyer, you would have to suffer the 'pain' of years of study, and the trauma of being beaten in court rooms. If you want to get to the North Pole on foot, that involves pain and personal sacrifice. But nobody gets to the North Pole alive, with poor discipline. I shan't go on to mention other areas where people suffer extreme discomfort in order to achieve their goals. If there are take away points to consider, traders should to find out what they are about and anchor themselves on what they want and what they won't have. Then, systematically whittle away at all obstacles by robust self-refection. It takes time - and bargain for pain! Do the time - take the pain. Don't blow up a live account.
Education
by Captain_Walker
Bitcoin: BTCUST Big .618 Fibo: still bearish Bitcoin BTCUSD Apologies for leaving Bitcoin unattended yesterday, busy with other business. It was left 'positive whilst above 15485'. Well that didn't last long. This level was lost to bears early in London yesterday and the subsequent rally took BTC all the way back to up to the 15485 blue line precisely - before falling away again by 1800 points. It was strong above this line and weak below it...but why so weak? Readers will know that usually not much heed is paid to Fibonacci levels - they tend to work sometimes in FX markets - and for every .618 that can be produced, there are 12 more that can't - so they do occur, but as a trading tool they are not much use to us, about 90% of the time. But for once it just could be that Fibonacci has revealed a bigger, more frightening pattern hiding in the noise...Bitcoin is a currency after all. If you were looking for one last 'hurrah', one last 'suckers' rally' it would to sell the .618 retracement of the entire decline from the high just under 20,000 to the low just above 11,000 (on Bitstamp feed). And guess where that .618 would take Bitcoin up to before the real real decline then sets in ? That would be 16394 for the next rally high...followed by the REAL decline and fall. Bitcoin in fact made a high in China the night before last at 16476, just 29 points above the blue line and next upside target at 16447 - it fell 2000 points over the next 11 hours before rallying 1000 (exactly 50% of the previous decline) to 15485 key level for the day and reached at midnight GMT (10 hours ago now) before falling away again by another 1800 points. So Bitcoin continues to behave technically by the book. But this is bad side of Bitcoin we're seeing now, not the good. And that big Fibo says it's not over yet. We are not looking to buy again yet until the dust settles, and that won't be soon by look of chart at moment. This little rally from usual 5-6am GMT lows is not to be trusted. We look to short it from higher up...(or keep all powder dry until we see a proper bottom defined further out in time, which we will try to get close to when it comes). It can rally to 14539 and perhaps push into the next line of resistance above here, at 14648-14700 but not much higher (for sure 15485, which was support yesterday, is now resistance and is unlikely to be breached until the downside has been tested first now. Can also sling a support line under the lows of the day so far to give a short signal - look to short once broken..should test the underside of this trend line once broken lower and recoil down again...can short then with stops above the line by at least 50 points . Otherwise we stay on the sidelines.. This is no place for brave buys. We wait. Bitcoin is getting interesting, buyt for all the wrong reasons now. But soon this will present an opportunity. For most then, powder dry. We wait. Like ravens have to wait for the wolf to finish his dinner, so must we.
BITSTAMP:BTCUSDShort
by sumastardon
3
Gold rush could be coming soon. The markets are expected by me to go wild over the next few days/weeks. Expectation is not prediction in my philosophy. . There is likely to be even greater uncertainty about the economies of the world. When there is deep uncertainty, people reach for tangible ways of protecting their store. There is considerable risk that the global Ponzi scheme may come tumbling down. As I do not predict, I cannot say when. These a troubled times. I expect Gold to rise considerably. DISCLAIMER: The information provided herein is opinion only. Under no circumstances do any statements here represent a recommendation to buy or sell securities or make any kind of investment. You are responsible for your own due diligence. To summarise, I do not provide investment advice, nor do I make any claims or promises that any information here will lead to a profit, loss, or any other result.
FX:XAUUSDLong
by Captain_Walker