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[BTCUSD] May 13, 2020 - ALuoTradingJournal***BTCUSD *** Resistance Level Entry: 9955 (Depend on the Candlestick signal) SL (final point for changing in direction) : 11010 (Depend on the Candlestick signal) TP Resistance level (Ideal TP): 7305 Comment: Bitcoin is currently going on its triangle channelling, there is a possible opportunity to short Bitcoin if it once again reach 9955 resistance level. This will depend if the strength of the price momentum at that time continues to go up or not. We can discuss further when it actually gets there in our WeChat Group. (Note: The forecast above is an estimation of the resistance and support level for the Entry, TP, and SL. For more precise positions, will depend on the shape formed with the candlestick at the time.) Roger V WeChat: lokiho512 Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.
FOREXCOM:BTCUSDShort
by aluotradingjournal
XLF - Financial sector SPDR S/R zonesHello traders, Description of the analysis: The financial sector is showing an attempt at stabilization, but so far there is no talk of stabilization. We see gaps up and down. It is necessary to wait for a clearly defined volume distribution. Gaps tend to fill sooner or later. The way up again will be hampered by marked resistances. At the moment, I would be very careful to invest in this sector. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (4 000 000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades. Jacob
AMEX:XLFLong
by Jacob_Kovarik