Aussie for small profit and Sys vs Cash,3 pointsIn this live trading session video,we look at the AUDUSD trade that got recently stopped out for small profit on the 50k traders challenge account. 3 of the previous trades got stopped out before this and we look at how we should review the strategy as a professional if it is still working. We look at the the 3 steps we need to do for this System vs Cash results analysis review. The concepts and ideas in this video can be cross transferred onto any strategy.
Economic Cycles
Solana - SOL Fractal NO ONE talks about📉Hi Traders, Investors and Speculators of Charts📈
SOLANA is on the list of my top 20 altcoins to watch in 2024.
From a macro chart perspective, I'd like to point out a large-scale fractal that I'm labelling as the "drop-and-pop".
What we observe here is 1)accumulation phase followed by 2)first impulse up after which we se a 3)correction and then finally the 4)second impulse wave .
From a technical indicator view we know that the price is bullish because we see a "Overbought" flash on the weekly, which usually indicates strong bullish momentum :
Note that this, again, confirms the need for a pullback/drop before considering the start of impulse wave 2 /pop.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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BINANCE:SOLUSDT
Live Trading Session 260: Open trade on BRT and potential tradesIn this live trading session video,we look at our open positions on BRENT potential trades coming on Bitcoin,Etherum,S&P, etc and the thinking behind them. The concepts you learn from this video are cross transferrable principles onto any strategy.
Live Trading Session 259: Positions on GBP,BRT and moreIn this live trading session video,we look at our positions on BRENT and GBPUSD and potential trades coming on Bitcoin,Etherum,US30, etc and the thinking behind them. The concepts you learn from this video are cross transferrable principles onto any strategy.
AUD & GBP stopped out,EURJPY in & 3 key pointsIn this live trading session video,we look at the three trades that we recently took on the 50k traders challenge account. 2 of them,AUDUSD and GBPUSD got stopped out and we explore why we took them at lower risk. We also look at the 3 key points we need to be aware of when we are going through a drawdown. The concepts and ideas in this video can be cross transferred onto any strategy.
Why we took brent at low risk and channels?In this live trading video,we look at why we took the Brent oil trade at low risk using price and volume on our 100k traders challenge account. We explore the use of channels with relation to the smart money framework. The concepts and ideas in this video can be cross transferred onto any strategy.
$BTC Yearly Cycle Low (YCL) Decline Roadmap CRYPTOCAP:BTC is starting the YCL decline
Daily - Looking for early HCH, and a failure of a daily cycle to mark the decline
Weekly - Weekly swing high level will be next - looking for decline into May 2024
Monthly - Final YCL is expected in early September. Still long was out - looking for a monthly swing into May
USD JPY - incoming 1990, then 1987?G'day,
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Pink = Consolidative box example (Daily)
Orange = Daily
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Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual.
Below are some of the take aways from the video - please listen again incase any detail is missed.
Monthly
simply put, look at 1990 and the gap formed in the fresh supply above at 157.XX - 164.XX (1987). not there is a hidden zone within 1986 which can be a final supply zone.
Weekly
The market has made a double top within the weekly supply, we'll await the confirmation on the daily time frame however.
The weekly zone has been built up upon a strong resilience zone from the supply zone (note this is a strong supply zone which dates back to 1990/91) , where multiple rejection weeks have occurred and price has been in an accumulation phase since.
Daily
High curve created for the daily supply, and now the buyers have created again a high curve, with this time a marked zone where price can pivot to (subject to confirmation), before price can begin its journey back into the supply, after a strong demand zone which can be brought back to.
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Longer Cycles - equitiesEquities Cycle Outlook into Fall 2024
Looking for upcoming yearly cycle low into fall 2024 - sometime between October-November this year.
Right now looking for HCH (Half Cycle High) before declining down to HCL (Half Cycle Low) around May 2024. Final decline in a right transalted weekly cycle is expected October-November 2024.
NASDAQ:QQQ
AMEX:SPY
Q1 Performance review,OE,Actual Re:Ri & SelectionIn this live trading video,we look at the underlying concept behind our OE basesd strategies,why actual reward:risk is more important than Expected,how to select your trades and our Q1 performance review on our 100k traders challenge account. The concepts and ideas in this video can be cross transferred onto any strategy.
Live Trading Session 257: Potential & open positions on GBP,etcIn this live trading session video,we look at current live, open and closed positions on BRENT and GBPUSD and potential trades coming on Bitcoin,Etherum,US30, etc and the thinking behind them. We also look at how we are doing on our live 100k traders challenge account.
$USOIL pushing higher in a weekly cycleTVC:USOIL Cycle overview
Daily - we are currently entering timing window to print Daily Cycle 2 coming out of ICL in December. I'm expecting a push higher to break above the declining trendline as we push higher to ICH
Weekly - On week 15 looking to push higher to HCH expected around week 18-20
Monthly - In a new yearly cycle, expecting HCH around June-July 2024
Bitcoin - Why I chose to be flat..I will be reviewing Bitcoin using my "Multiple Timeframes / Mutiple Factors" (MTMF) approach,
covering Fundamental Factors like : CoT, Sentiment, Seasonals and Technicals like Momentum, Volatility, Relative Strength.
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Past results are not indicative of future returns.
S.M.A.R.T. Trader Systems Ltd and all individuals affiliated,
assume no responsibilities for your trading and investment results.
The indicators, strategies, columns, articles and all other features
are for educational purposes only and should not be construed as investment advice.
Information for stock observations are obtained from sources believed to be reliable,
but we do not warrant its completeness or accuracy,
or warrant any results from the use of the information.
Your use of the observations is entirely at your own risk
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A walk through on $EURUSD cycleFX:EURUSD cycle recap
Daily Cycle - we likely printed 'DCH" (early) and are started the decline to a weekly cycle low scheduled for early to mid May.
Weekly Cycles - Almost at ICL - late in the cycle and looking for undercut to break the inclining trendline
Monthly Cycle - Still early within the monthly cycle. Monthly HCL should occur summer 2025, for time being we are consolidating below the median line
$AMD Cycle outlook into Sep-Oct 2024NASDAQ:AMD cycles
Daily - looks to have started decline to HCL which is putting NYSE:ADM at a risk of daily cycle failure.
Weekly - printed weekly swing low on the tail end of the weekly cycle. Looking for the decline into ICL around mid May
Monthly - Bigger picture, just coming out of 7 year cycle low. We typically dip into HCL decline into month 23-25 so a final decline to YCL should be around Sep-Oct 2024
Live Trading Session 256: Potential & open positions on BRT,etcIn this live trading session video,we look at current live open and closed positions on BRENT,GBPUSD and EURUSD and potential trades coming on Bitcoin,Etherum,US30, etc and the thinking behind them. We also look at how we are doing on our live 100k traders challenge account.
LTC - The FRACTAL that takes us to +300%📉Hi Traders, Investors and Speculators of Charts📈
As I always joke, Litecoin is still in prison... meaning that LTC hasn't been able to break out of long term accumulation yet. This however is A GOOD SIGN for traders because:
👉 Low risk entry
👉 High reward trade
👉 Another chance at accumulation
I'm still watching this fractal and patiently waiting for the first bullish confirmation, as discussed in the video.
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BINANCE:LTCUSDT
MATIC - Don't Miss the PARABOLIC ALTSEASON coming📉Hi Traders, Investors and Speculators of Charts📈
We're all looking for solid projects that have good fundamentals... and good upside. MATIC is one of those altcoins that haven't yet made a new ATH. Infact, it's not even close to its previous ATH with 190%+upside potential!
From a technical indicator perspective, we see a reliable "BUY" signal in the weekly timeframe:
From here, I expect altcoins to start making their rallies. Find more info on alt season 2024 here:
And if you need a little bit more technical info on how the rotation between BTC and altcoins work, check out this idea:
Cheers to another profitable day in crypto 🥳 And remember to realize gains🥂
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BINANCE:MATICUSDT
A very rare but scary cycle convergence !! I've taken a look at multiple asset classes; i.e. global indices, crypto & gold which are all rallying into a cycle week. Further, all global indices are extremely overbought which increases the likelihood of a turn around. This signal is extremely rare and if everything is turning downward from here, the catalyst will be a PRETTY BIG DEAL.
As always, charts predict the news