Devil
CADJPY: Do you wanna dance with the devil?This is a simple one - a structure zone on CADJPY 3-DAY time frame.
Some say the more times price hits a zone like this the greater the probability of a breakthrough. That's generally true. The trouble is that no one knows how many hits are necessary.
I previously showed that CADNOK remained contained for 4.6 years.
To be clear, I am not saying CADJPY will take that long. I don't know how long it will take to push north. But this sort of structure zones on these macro-timeframes have a habit of retreating for a bit. What that means is that there is potential opportunity on much smaller time frames e.g. 15 to 30 min
Methinks the job of sound traders is to always look far higher and far lower. It's about 90% vigilance and 10% trading - or something like that.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
SELL PUT OPTIONS AT STRIKE 15.00USD (FREQ)Budget 10,000USD
Stocks covered: 666
No leverage.
Received premium: 666USD
Profit per day: 24,66 USD
Pace at 90,03% p.a.
Risk: this is up to you, you can close the position when you reach your max. desired loss. Its good to use discretionary approach and manage the risk from day to day. If the price will not fall rapidly than time is our friend and the profit will accumulate. Stay ready to take action on 1st April when the earnings are announced. If they worse than expected its good to liquidate at least some of the positon or to buy some calls around strike 7.50USD - 10USD. I will provide updates of what I am doing...
Fundamentals:
"Frequency Therapeutics is a clinical-stage biotechnology company developing a disease-modifying therapy for the treatment of sensorineural hearing loss (SNHL), the most common type of hearing loss. There are no FDA-approved medicines for SNHL yet.
In a phase I/II study, FX-322 demonstrated a statistically significant and clinically meaningful improvement in key measures of hearing loss, including clarity of sound and word recognition, with no serious adverse events observed, according to the Company.
Frequency Therapeutics has an exclusive license agreement with Astellas Pharma Inc. , under which Astellas is responsible for the development and commercialization of FX-322 outside of the U.S. The deal, signed last July, is worth $625 million, including the $80 million upfront payment received by Frequency Therapeutics." (source: nasdaq.com)
Frequency Therapeutics. could not make a profit so far and none of their products is approved by FDA, but since they got some statistically significant results I am confident that it´s the matter of time when they start pulling some real sales and hopefully also profits. Because of this I am confident that more than 56% drop within 27 days will not happen and the option will expire worthless.
Lesson in Algorithmic tracking . 101If you see ads for trading schools about 3 trades that "will make you a millionaire." This is a set up that will make you $ 98% of the time or more. I've learned them trading crypto they might help in cannabis/ violatile stocks.
1st SWING HIGH: this is a bull run with a 23% retracement. A LOT of traders trade-off 23%. if the retracement breaks 23% it will most likely fall to 50% and it is also the defining factor in a SWING HIGH. Until the run retraces 23% do you know youll the swing is over the theh swing high is done. If 23% is supported it will probably go up but if you're in a stock and it breaks 23% retracement after a bull run be prepared to see 50% retracement. you probably have to long it to see any GAINS.
STOCKS ARE NOT CRYPTO
2nd bots want to buy at the -50% that is what we see here that the price dropped past -23% into -50% and bounced up and became overbought. the bread and butter ( JOIN TRADE DEVILS DISCORD AND FOLLOW THEM ON TWITTER FOR THIS INFO) trade for these bots is -50%+23%+61%. so they want to buy the -50% sell at +26% buy again and then sell again at +61%.
NOT TRADING ADVICE
3rd -61% to -64% is like finding bedrock if it goes past the -50%. Imagine pissing off a robot, not only a robot but a gambling robot. It'll make bigger wages and want to even out the bets. Set you selles at 68% and buy at 62% because it'll hit 64% and decide to die or go up. And going up means back to that +61% the bot wanted in the first place.I would set my buy at -62%right after it bounces from -64% meaning it bottomed out then I saw it start to move again and I picked it up. If it goes past 68% just don't touch it. Something bad has happened and it may take time to recovery. But it if bounces off the 61% then you just ride the botz all the way up.
That's how you 'turn 500 into 5000000" and 'LIMBO OUT"
that is what Ive learned while trading crypto. IN a perfect world this cycle would never be changed. AND STOCKS ARE NOT CRYPTO. or perfect.\\\
WHat do I think will happen. tomorrow? We will see that 61%.or retracement and then 61 later like tomorrow.
Devilish Pattern on the 4H bitcoin chartHello world :-)
While looking at the charts I sometimes spot some funny or interesting patterns or movements and I will try to share some of them.
I saw this one yesterday while waiting for a good entry point. You can see the classical head and shoulders with the two horns on top of the head. I was wondering how it would further develop... of course with a fist pump.
The pattern would be invalidated if there is not a 2000 points drop after the hand is completed.
Likes are very much appreciated!
Bull Trap is comingCome on TOP TRADINGVIEW!
I will help you. No, wait. Know how to read candles? Or do you copy ideas to sell your signals?
Better start finding another service. This market is dead! Did you understand Without regulation no money will enter here! What is the 700 billionth of the marketcap? Where are they? Why did they run away?
The bottom is farther than you can imagine.
Better not post ideas like ZERO.
Bitcoin goes from 0 USD and goes to 20k is this normal! Blockchain is revolutionary !!!!! LMAO! Now get out of 20 and go to 0 is crazy? OK!