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Livermore

Accumulation Cylinder, Livermore Pattern. MOG is showing a textbook Livermore Speculative Pattern right now, and it's looking super bullish. For those who aren't familiar, this pattern is known for leading to explosive moves, and all the signs are pointing towards another big leg up. We've already seen the initial accumulation and breakout, and now we're in the reaction phase—exactly what you want to see in this setup. The price is consolidating nicely, which could be setting the stage for the next massive run. The volume patterns are supporting this move too, with strong surges on the upswings and lighter volume on the pullbacks—classic bullish behavior. If this pattern plays out like it usually does, we could be looking at some serious gains ahead. Definitely worth keeping MOG on your watchlist if you're not already in!
Long
by TheTraderAndy
3
The Art Of Do Nothing In TradingSociety… it conditions us to continually chase money, power, and a faster, wilder pace of life. Don’t slow down, and God forbid don’t pause, don’t reflect. Keep chasing or you fall behind. Over-schedule, overthink, overwork… this is the mantra. This is supposed to be what progress is. This is supposed to be what success is. Early, we learn to believe that this is absolutely normal, and in due time it becomes an addiction. We can’t sit still for a moment. Just like any addict, sitting still and doing nothing makes us feel unproductive. We feel we’re losing time, so we become agitated. In trading, patience and the ability to sit still is not only a virtue, it’s gold. Doing nothing can be one of the most productive things you can do. But as one would expect, being the addicts that we are, the moment the trading session opens, we feel the urge to become more productive all of a sudden. It’s like our minds will not let us enjoy doing nothing. We have to analyze, anticipate, worry, stress, tweak, especially when we’re not supposed to THE REASON… You have thoughts, right? Have you ever noticed that those thoughts tend to occur constantly? Have you ever noticed that some of those thoughts are visual?– you have memories (past), plans (future), imaginations (fantasy) just popping up like that in that space you call mind. Have you ever noticed that you have sensations all over your body–in it and on it; pleasant, unpleasant; some physical, some emotional? Have you ever noticed that all these experiences–thoughts and sensations–are continuous? You’re constantly pulled to mental states and body states, and, most of the time, you’re not aware that you are. You’re automatically in the stories, you believe them, and they urge you to act in a certain way. Which you do. Have you ever noticed that too? Then, next thing you know, you’re entering your trades at the wrong time; you’re exiting at the wrong time; you’re removing your stop-loss; you’re increasing or decreasing your position size… essentially, you’re going against your trading rules. This is a problem because this lack of awareness of your urges is costing you money. Trading is mostly a waiting game where you have to strike only when the time is right. If you want action that happens on your own terms, you’re in the wrong field. As a trader, you simply can’t afford to lack self-awareness. The market does not hurry, it moves at its own rhythm, on its own time. And self-awareness helps you cultivate patience and ‘do nothing’ as that happens. This ability to let the market do its thing saves you time and energy. It allows trades to come to you. It puts a stop to the chasing. It embraces the natural order and evolution of things. But best of all, this is a learnable skill. Absolutely! Let’s try a little exercise… THE DO-NOTHING TECHNIQUE Posture : Right where you are. When : While waiting for your entry signal; while waiting for your exit signal. Instructions : Just allow your mind to do its thing. It will generate stories and your body will generate feelings urging you to behave in a certain way. Your aim is to tolerate being there with yourself without trying to change or control anything. Just be there. Let your attention go anywhere it wants. You can fantasize about the perfect trade that yields you 1000% return; you can worry about missing out on an incredible opportunity; you can fear a loss; you can think about nothing or everything. But notice it. Notice where your mind goes. Tune in to that part of you that simply notices what you’re thinking and feeling instead of being automatically captured by those different states. That observing quality of your mind notices things in a neutral way. Notice how it’s not entangled or captured by the different stories and mental and bodily states. It simply observes. Pure, neutral, unencumbered… And that’s it. That’s the whole technique! Now, the do-nothing technique is more readily applicable for day traders since they have to be in front of their screen during the entire process, from trade selection to exit. But swing traders and position traders can also make use of it. In fact, you can use it anywhere, anytime, in and out of the market. This technique helps you tolerate whatever your body and mind do, which helps you overcome impatience. Impatience is you trying to force things to happen by thinking them more strongly or more often, without paying very much attention to where things actually are at. On the other hand, when you’re patient, you’re a keen observer of what’s happening. You notice when there’s an opportunity for something to happen, and when there isn’t yet. You notice that things develop through different cycles, and different things happen at different points in the cycle. In other words, you drop the need to create action on your own terms, you only respond to the action in a systematic way whenever it appears. Now, a few tips… Tip #1 –This Takes Practice It’s OK if you find it hard to do the do-nothing technique at first, but this is where you start from. By the way, Tom Basso (hedge fund manager interviewed in The New Market Wizards uses a very similar technique. Tip #2 –You Are Intentionally Doing Nothing You do not even have to approach this as a meditation technique, although you are free to do so. Notice what your attitudes are, and do not defend yourself against anything. Whether you are bored, happy, tired, excited, anxious, fearful, greedy, restless, you welcome it all. Your goal is to just observe yourself experiencing those different states. You cannot fail at this. Tip #3 –Notice The Urge To Take Action If you have a lot of noise in your head, you may find yourself wanting to take action in some form – entering (or exiting) before you even get a trade signal. As said, all that “noise” or mental rehearsal is not a problem and is not to be resisted. When you resist the noise, it only gets louder. But just this act of noticing the noise is extremely powerful because it allows you to see what’s going on in your mind and body as if from a third-person perspective. This begets objectivity and you can then say “ Okay, this thought, or feeling, or urge is not in line with my trading rules, so I will not act on them .” The Bottom Line The Do-Nothing technique is simply about interrupting your impulsive behaviors. It’s cultivating a calm acceptance that things in life can and will often happen in a different order than the one you could be holding in mind. It’s keeping a good attitude while waiting for your pitch. And this all starts with awareness. Stay Safe & Good Luck Wish You Have Profitable Weeks!! Have Nice Days!
Editors' picks
AMEX:SPYEducation
by Zestiria
285
ROSE/BTC LongROSE/BTC looking good for continued upwards movement: A Livermore cylinder has been printed with increasing volume on the price rises (indicated by the + signs) and the decreasing volume where the price falls (indicated by the - signs). Once the 7 wave finishes and price holds above the 0.236 Fib retracement line, we can expect the violent 8 wave to transpire taking us to at least the 1.618 Fib retracement line, even the 2.618 line @.00000515 and @.00000675 respectively. Ichimoku is nearly as bullish as can be: -Kumo cloud is green -Tenkan is above the Kijun -TK is above the clouds -Price is above the cloud and is a few sats from being above the TK -Lagging span is above the cloud and the price
Long
by Hrempe
OCEAN/BTC LongOCEAN/BTC looks primed for price increase here: A near picture perfect Livermore accumulation cylinder has been printed and is stalling before its next leg up, the 8 impulse wave, which in Livermore cylinders is one of the two most violent waves. Price has increased on increasing volumes (indicated by the + signs) and has decreased on decreasing volumes, (indicated by the - signs) During the 8th and 9th wave we expect volume to be very large and price to be reflected by sharp movements upwards, potentially getting to the 1 zone of the fib retracement tool @.00006157 Adding conviction to this thesis is that the MA30 has crossed above the EMA100 which has been a tell tale sign this bull market of which coins have/are gaining strength. Ichimoku is mostly bullish: -Kumo cloud is green -Lagging span is above price and cloud -Price is above cloud -TK is above cloud However it still has work to do before it is fully bullish: -TK is bearish -Price is below TK If support holds above gray line @.00002341 and the Livermore cylinder begins to play out, we may expect that relatively quickly the TK will cross bullishly and price will rise above the TK, confirming the whole chart being bullish at that point.
OLong
by Hrempe
SNX/USD Potential Livermore CylinderSNX/USD may be in a Livermore Accumulation Cylinder (just getting in to this technique, if anyone can link me to the best Livermore Cylinder learning material that would be greatly appreciated.) We see the trend being respected on both diagonals. Jesse Livermore traded by the rule as well to determine whether he was on the right side of a bullish trade, volume would increase on price expansion and decrease on retracements. This is evident here where the + and - symbols are placed. If we truly are in a Livermore Cylinder, we should expect another test of the upper trendline, which has been acting as resistance, for the 6th impulse on increased volume (estimated by the gray + sign). Then a test of the bottom trendline which has been acting as support for the 7th impulse which creates support confluence with the previous all time high at impulse 4 (gold line) that should act as support as well on decreasing volume (estimated by the grey - sign). After this has happened and confirms as still holding its shape we would expect further upward expansion toward the 8 to 10 impulses which aren't all charted yet, however I will update that if necessary when the time comes. "Synthetix Network Token (SNX) is an exchange-based token created and issued by Synthetix, a decentralized synthetic asset issuance protocol built on the Ethereum blockchain." - CoinGecko Synthetix is a promising project, more DeFi and should have a bright future. Regardless of whether or not the Livermore Cylinder holds true SNX could do very well in the long term.
COINBASE:SNXUSDLong
by Hrempe
14
BTC (Y20.P4.E20).Price Action - WIll Livermore play outHi All, Lets play a scenario that is likely to happen, which has repeated many times over in the history of BTC > both Macro and on the micro level (H & S). In this chart above, I have both the Livermore speculative chart along with the Head and Shoulders formation. I will likely not get the price levels right but I am comfortable with the thought that a similar formations will take place. Its like triangles, they appear everywhere on BTC. Note: MR and WR are monthly resistance and weekly resistance. Either way, its a theory that I will look for alignment to make sense of the future price action. As for examples of the top formation, look at a few examples below: LINK PRICE ACTION - Livermore speculative chart. Please give me a like or tick for this post Regards, S.SAri My BTC dominance chart
Long
by ssari
1