There’s no need for a trader to “predict” what future price will be. Though this is entertaining, it’s not practical. As more & more traders begin to see the same picture/projection on their charts, the professional trader’s job is to simply enter & hold, forcing price to move in an AGREED direction at any given time.
channel failure with room down to $9409 area
buying lows, selling highs for day profits. long term holds from previous buys below $4k in a separate account from my day trades...
Just my interpretation of the Litecoin consolidation. Short Term Long here at the bottom of the BLUE CHANNEL. Half profits may be taken at the top blue line (channel top). If price continues to hold above the blue channel, the next PROFIT TARGET will be the green DASHED line. The DIAGONAL green line notates a trend break. Price has broken the downtrend & held...
Simplified psychology of chart patterns: Traders learn chart patterns but are to impatient to wait for them to show up in the right places. The point of learning to spot patterns is to be in a position to enter a reversal before price takes off. The KEY to trading chart patterns is to only trade them when inside a channel. The attempt to enter into a position...
based off of current price action, price being at an area of value , break and retest of trendline... looks good to me : )
First video of my technical analysis for Gold. Again this trade will only be entered with confirmation. I'll post a snapshot of how the trade works out if i enter. Discipline is keyy!
This is my first attempt at at Technical Analysis for SWING trading. I've been trading for a couple of months and decided to only focus on Gold. This pair is a set up for LONG with a few pullbacks. Only thing that'll drive price below Support is fundamental news that might cause USD to gain strength. Please leave a comment if you have something to share or ask!
Welcome to my first Ethereum Classic chart. This is part 1- decoding the global signal of Ethereum Classic. Make sure to come back for updates. This is the global signal of Ethereum Classic based off of @Glitch420 's geometric-linear-regression modeling. Upon confirmation of bull run, Ethereum Classic should make a full critically shift. For clarification and...
Welcome. Thank you for viewing my first Bitcoin chart. This is part 1... decoding the global signal of Bitcoin. Make sure to come back for updates. I found three larger fractals and each has three smaller fractals on the upper boundary. This is the global signal of Bitcoin based off of @Glitch420 's geometric-linear-regression modeling. We are engaging in a...
Hi Traders! :) Going into the week, I am confident that this Bat Pattern will hit entry. If it is a loss, it doesn't matter, as the Risk to Reward is 1:135. It meets all of trading criteria and is a fairly clean pattern. Let's just watch and see how we go, we cannot control the markets. Remember, to trade your plan! Have a great Trading week :)