Bi-Weekly broad market TA. 30 April 2019.- Prologue -
I think it would be optimal for me to check markets twice a week.
So maybe Monday and Thursday?
And the rest of the time just work on new strategies, improving, troll posting, whatever.
And not forgetting to check my tagged charts once or twice a day.
Apart from learning and designing a system, trading regularly comes in 3 parts:
1- What I am doing now, stalking charts pretty much. Build a bias look for potential opportunities. This is the easy part or is it but have to be consistent and well organised. Do this like a robot.
2- The hardest part, use skillz/experience to decide yes or no do I enter, as well as all the important details: Where should my SL be? Where should my target be?
3- Ride that winner or not. Take profit at target or run it more? Take profit early or not? Emotions etc also. Weak minds or people that are unable to cut losses will fail here.
I can mostly only help with part 1. I like sharing, even with all the angry crypto longs calling me the biggest idiot each time I talk about bearish news or post a short idea (and not saying anything or even congratulating me when I am long).
Every one is not one of these on this site, some people are interesting.
I actually have a watchlist of 42 now. A main one of 21 (indices + majors + Gold Oil Crypto) + a secondary one with 21 minors. Will post only the ones I think are interesting.
I actually designed a 3rd strategy the past 10 days (had only two before). But still I do not have a clue had to trade choppy price action or whether it is possible to do it profitably. Seems pretty radom to me.
Let's get into it.
- Indices -
For indices real quick FAANG some earnings have been good some bad, Apple is in a few days.
Google gapped down 100$. Might cause a snowball, or not. Still waiting...
I am interested in doing everything: buying pullbacks, trading consolidation buy support/sell resistance, and even countertrend trading. I see opportunities but they're all the same - short. So since I have already been calling short and shorting the snp there is no point just doubling up. I will buy pullbacks to 0.382.
- Majors -
Still pretty much the same. I really have nothing with most of them such as EURUSD.
With the pound I see a bottom buying opportunity in a month or two, unless price keeps going up duh. Then I'll look at pullbacks or short.
Also, might want to short the Pound/USD on the 1 hour chart.
The Australian dollar: I see a buy by next week.
USDCAD: I want to fade it around 1.364
USDCHF: The big rally and break has coolen off, and my, bulls are not selling.
Plenty of eager buyers. I only buy if the price makes an ABC and bottoms.
USDMXN: Eeem Sideways.
EURJPY sideways, nothing interesting.
- Commodities -
Gold nothing new
Oil potential ABC
- Cryptocurrencies -
Bitcoin: I see a short, but funding is huge, check fees with regular FX brokers, and only short if negative balance protection, with small account.
Alcoins: maybe an alt season soon? Will look later. One last rally before the big ICO crash. Let's get rid of all the criminals and parasites.
- Minors -
EURCHF: Just keeping an eye on this. USDCHF is similar and much better.
EURNZD: Keeping an eye on it, but I do not really have an opinion.
GBPAUD: Since it keeps going back and forth I'll just buy at the next good support. 0.618 or ~1.76.
GBPCAD: Same concept. Jump on the ponzi before other people notice.
USDSEK: At all time high! Testing resistance. Is reacting but not super strongly. Yet? Buy the dip maybe.
USDTRY: Still going up... It's going to go up 1 million percent suddenly I feel XD Venezuela 2 here we go.
USDCNH: Same concept, with a delay.
