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an overview of BitcoinBTC was in a Rising wedge but the bearish break out happened and the Price has reduced accordingly. BTC has done positive reactions to 93k support and no divergences are seen on MACD and RSI indicators which suggest that we would see a bullish movement after a candle closes around 93k. worst case scenario would be that the price ignore the 93k support and continue It's bearish movement. In that case the next strong support would be around 86700 resistance would be around 107k after the bullish movement
by Cryptonic_Trading
1
Daily Analysis of Ethereum – Issue 236The analyst believes that the price of { ETHUSD } will decrease in the next 24 hours. This prediction is based on quantitative analysis of the price trend. Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
BINANCE:ETHUSDShort
by MoonriseTA
1
The Data Secret Every Trader Needs!Master Data-Driven Decision Making for Ultimate Trading Success In the unpredictable world of financial markets, data-driven decision-making has become an indispensable asset for traders aiming to maximize their success. Studies reveal that traders who harness the power of data can potentially boost their success rate by over 50%. As we delve into the modern trading landscape, relying solely on instinct is no longer sufficient; a systematic, data-centric approach is necessary for informed decision-making. The Essence of Data-Driven Decision Making At its core, data-driven decision-making involves leveraging quantitative and qualitative data to guide trading strategies. This encompasses rigorous analysis of historical price movements, market trends, and economic indicators to inform investment choices. By employing this analytical lens, traders can uncover insights that are often obscured by subjective judgments or anecdotal experiences. This method mitigates emotional biases, fostering a disciplined trading approach. Analyzing robust data sets not only aids in minimizing risks but also enhances return on investment. Traders who embrace this systematic approach can continuously refine their methods, adapting to the ever-evolving market landscape. Categories of Data in Trading Understanding the various types of data available is crucial for traders to make informed decisions. Three primary categories of data—market, fundamental, and sentiment—serve as the bedrock of effective trading strategies. Market Data Market data encompasses vital information such as price movements, trading volume, and overall market trends. Price fluctuations highlight potential entry and exit points, while trading volume offers insights into the strength of those movements. By analyzing this data, traders can align their strategies with prevailing market conditions—whether bullish or bearish—allowing for informed and timely trading decisions. Fundamental Data Fundamental data is critical for assessing the economic and financial health of assets. This includes economic indicators like GDP growth or inflation rates, earnings reports from individual companies, and significant news events that may impact market conditions. By incorporating this information into their analyses, traders can make investment decisions that reflect both broader economic trends and company-specific performance metrics. Sentiment Data Sentiment data gauges market psychology, reflecting how traders feel about particular assets through tools that analyze social media, news, and investor surveys. Understanding market sentiment can uncover potential reversals or validate trading strategies. By comparing personal viewpoints against market sentiment, traders are better equipped to refine their tactics and confirm their analyses. Read also: Tools and Techniques for Data Analysis To leverage data effectively, traders must employ appropriate tools and techniques. A well-equipped trader can swiftly distill complex information into actionable insights. Analytical Tools Platforms like TradingView and MetaTrader are invaluable for traders seeking to visualize and analyze data. TradingView excels in its user-friendly interface and extensive range of technical indicators, while MetaTrader is suited for those interested in algorithmic trading and backtesting. Utilizing these tools allows traders to streamline their data analysis process and enhance trading efficiency. Technical Analysis Methods Technical analysis employs various techniques—such as moving averages, trend lines, and chart patterns—to forecast future price movements. Moving averages clarify trends by smoothing price data, while trend lines identify potential support and resistance levels. Recognizing chart patterns can also signal price reversals or continuations, empowering traders to make well-timed decisions based on historical behavior. Fundamental Analysis Techniques Fundamental analysis involves the examination of financial statements and economic indicators. Traders assess key metrics, including revenue and profitability ratios, to gauge a company’s financial health. Furthermore, comprehending economic indicators equips traders with a clearer understanding of market conditions and aids in identifying long-term opportunities. Crafting a Data-Driven Trading Strategy A robust, data-driven trading strategy is instrumental for successful navigation of complex financial markets. By establishing a structured trading plan, backtesting strategies, and committing to continual refinement, traders enhance their prospects for success. Developing a Trading Plan A trading plan serves as a strategic guide, encompassing clear goals, risk tolerance, and preferred trading style. To integrate data analysis within this plan, traders must identify crucial indicators that dictate entry and exit points. Historical market data should be leveraged to inform performance benchmarks and predictions regarding future price movements. This comprehensive plan should encompass position sizing and risk management principles to support data-driven decisions. Backtesting Strategies Backtesting involves simulating trades based on historical data to evaluate the effectiveness of trading strategies. This process reveals how strategies would have performed under various market scenarios, helping traders build confidence and identify areas for improvement. When backtesting, it’s vital to use robust datasets and Account for factors like slippage and transaction costs to ensure realistic results. Continuous Improvement The dynamic nature of financial markets necessitates ongoing evaluation and adaptation of trading strategies. Continuous improvement involves analyzing trade performance, identifying successes and shortcomings, and refining approaches based on data feedback. Embracing a culture of ongoing enhancement enables traders to respond effectively to market shifts and solidify their decision-making processes. Read also: Common Pitfalls of Disregarding Data While data-driven decision-making is crucial for trading success, many still overlook key aspects that jeopardize strategy effectiveness. Emotional reactions, cognitive biases, and excessive self-confidence can undermine trading performance. Emotional Trading Allowing emotions like fear and greed to influence trading decisions can lead to impulsive actions, disrupting logical analysis. This may result in holding onto losing positions too long or prematurely exiting profitable trades. Establishing rules that prioritize analytical processes over emotional responses, alongside rigorous risk management, is critical to maintaining objectivity. Confirmation Bias Confirmation bias occurs when traders selectively seek data supporting their existing beliefs while ignoring conflicting information. This mindset can skew market perceptions and impede adaptability. To counter this bias, traders should actively pursue diverse viewpoints and continuously challenge their assumptions, thereby fostering a comprehensive analytical approach. Overconfidence in Intuition Relying solely on instinct without grounding in data may lead to overconfidence and reckless decision-making. Traders must appreciate the importance of data analysis in their strategy, balancing intuition with a systematic approach to minimize the risk of costly errors. Read Also: In conclusion.. In conclusion, data-driven decision-making is a cornerstone of success in trading and investing. By systematically integrating data analysis into their trading strategies, traders can enhance their decision-making processes, leading to more informed and strategic actions in the market. This method enables the identification of trends, risk mitigation, and optimization of returns, which are essential in today’s volatile financial environment. Moreover, the continuous evaluation and adaptation of strategies based on real-time data feedback empower traders to remain agile in the face of market fluctuations. Ultimately, leveraging data becomes a pivotal aspect of an effective trading toolkit, enabling traders to thrive amidst challenges and capitalize on opportunities in the financial markets. ✅ Please share your thoughts about this educational post in the comments section below and HIT LIKE if you appreciate! Don't forget to FOLLOW ME; you will help us a lot with this small contribution
Education
by FOREXN1
3
Festive Learning: Using the MACD to Determine a TrendIn previous posts within this series, we have covered, Bollinger Bands and moving averages, where we’ve shown how each technique can help determine the trending condition of an asset. If you haven’t already, please look back at our timeline to view these posts. Now we want to look at another trending indicator, which can help to provide a quick and easy read of the current trend. This is called the Moving Average Convergence/Divergence indicator, or MACD for short. The MACD uses 12 and 26 day exponential moving averages (EMAs), which are the default settings within the Pepperstone charting system. Exponential averages differ from simple moving averages as they place greater emphasis on the latest closing data for a particular instrument. This goes someway to try and overcome the issue of averages being lagging in nature. By giving the latest closing levels greater importance within the exponential calculation, these averages can turn more quickly than a simple average, to reflect price direction changes earlier. What is the MACD and How Does it Use Moving Averages? The MACD uses 12 and 26 day EMAs and measures the gap between the two. This is important as the 12 day EMA will follow the price action of an instrument more closely than the 26 day EMA. Meaning, as prices rise above the averages in an uptrend, the gap between the shorter and longer term EMA increases in a positive way. While in a downtrend as price falls below the 2 declining averages, the gap increases in a negative way. Let’s look further at the daily chart of AUDUSD and add the MACD indicator to see how this works in practice. The blue line of the indicator shows the gap between the 2 exponential moving averages, while the red line is a 9 day moving average of the indicator line. What Does the MACD Show, and How Can We Use This to Help Within Our Day to Day Trading? It’s a trending indicator, so we use it to confirm the trending condition of an instrument, but we also use it to help us decide if whether our sentiment towards that instrument should be positive or negative. There are 4 possible signals we can highlight by using the MACD. These are, • an aggressive uptrend, • an aggressive downtrend, • a correction within an uptrend • a correction within a downtrend. An Aggressive Uptrend Signal. This is where the rising MACD indicator line (blue line on the MACD chart) is above zero and above its own average. This reflects the 12 day EMA being above the 26 day EMA, and the gap between the two averages is increasing, as the price of an instrument moves higher. This set-up reflects when sentiment should be positive towards an instrument, as the potential is that the current uptrend could continue. Aggressive Downtrend Signal The aggressive downtrend signal is when the MACD indicator line (blue line on the MACD chart) is falling below both zero and its own average. This reflects where the declining 12 day EMA is falling below the declining 26 day EMA, as both averages track the declining price of an instrument. This can highlight when sentiment should be negative towards an instrument because the current downtrend may extend further. But what about consolidation signals? Consolidation Within an Uptrend A consolidation within an uptrend can develop when the MACD indicator line (blue line on the MACD chart) while still above zero has crossed below its own moving average (re line on the MACD chart). This is not a negative signal because the MACD line is still above zero suggesting an uptrend is currently in place, but it highlights a reaction to the recent price strength is appearing and that a possible consolidation within the uptrend may materialise. It can suggest a period where we may wish to close any long positions in the instrument at this point and revert to the sidelines, as a downside correction could be due. We would then look for the MACD line (blue line on the MACD chart) to either break below zero to suggest a downtrend is now evident, or the more aggressive uptrend to resume if the MACD line breaks back above its own average. Consolidation Within a Downtrend A consolidation within a downtrend is seen when the MACD line (blue line on the MACD chart) is still below zero but has crossed above its own moving average (red line on MACD chart). Here, we may want to close any potential short positions, as a potential upside recovery may be developing. This is not a positive signal because the MACD line (blue line on the MACD chart) is still below zero highlighting a downtrend is still in play, but suggests a reaction to recent price weakness is materialising and that a recovery is possible within the on-going downtrend. We would then look for the MACD line to either break above zero to suggest an uptrend for the instrument could be starting, or for prices to resume their downside moves and for the MACD line to break under its own average (red line on MACD chart) to highlight the more aggressive downtrend is still dominating. We can use these signals to either initiate outright trades, or to help us gauge the trending set-up within any instrument at any given time. The MACD indicator could then be combined with other techniques to help time trade entry within the direction of the confirmed trend, which we hope to cover in future posts. So, in recent weeks we have looked at various techniques and indicators to help us gauge the trending condition of an asset at any given time. Each can be used either on their own or in combination with the other and price patterns, but we’re sure you will find them very useful to incorporate within your own analysis and trading. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
Education
by Pepperstone
1
GOLD SELLGreetings traders this is my idea on Gold It has made a sharp decline after FED rate decision and FOMC. The price broke and closed below the lows of the past three weeks, which could lead to a fake breakout, so we should closely monitor the price action. Additionally, it broke and closed below the trendline that had supported the price for over a month. I think the market may gradually move down toward last month's low by the end of the year. With high-impact news coming today, there is potential for unexpected moves. From the last chart that had a solid growt downtrend of last times chart we can see that the price is managing itself for a future Downtrend Movement. Traders make your own analysis before trading. I think we can soon see more fall from this range! GOOD LUCK! Great Sell opportunity for GOLD I still did my best and this is the most likely count for me at the moment. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad!
OANDA:XAUUSDShort
by Zaks_ForexRules
2
Gold above Buying zoneFundamental analysis: Despite the strong Bullish candle sequence on DX, Gold remains Neutral-Bullish and above my Support for the day as U.S. session is approaching and recession fears resurfacing. However, #2,622.80 - #2,627.80 is new / old Support zone made by the Hourly 4 chart’s candlestick configuration. Gold is still not pulling back again after it failed to break above it’s Higher High’s Upper zone on the Hourly 4 chart. Still I haven’t got confirmation for Short-term Buying opportunity and it is still not worth entering the market without tight Risk management (all correction attempts are rejected due Fundamental Buying pressure). Monday’s session Wall Street opening Bell can have Bullish impact also on DX, hence Bearish for Gold. My Selling bias is unchanged as I will treat Bullish spikes as an oscillation from Overbought to Neutral (Williams%), which may create new space for aggressive Bearish takedown. Gold is extending the sideways action, following the continuation of the former Hourly 1 chart’s Ascending Channel, as Bond Yields and DX on gains for the #2nd straight session (still however market didn’t returned to normal Trading conditions), current environment is Gold friendly (recession fears, safe-havens such as Gold are in High demand, hawkish Fed stance). Spot how Gold's strong Selling level of the #2,622.80 is far from fair symmetrical manner with disastrous side Swings on Bond Yields and DX as my strongest correlation so far, but currently both assets are on Short-term uptrend while Gold is as well soaring (however only on Short-term). Technical analysis: No changes so far on the Daily perspective (Gold is Trading within my model) as today’s session E.U. opening didn’t delivered any significant move towards any Buying or Selling pressure point /confirmation, even though Fundamental numbers throughout Friday’s session met the forecast and delivered relief for Gold Buyers, DX on a Fundamental surprise, delivered full bodied green candle. The Price-action remains Neutral above the Hourly 4 chart’s Support zone of #2,622.80 - #2,627.80 and below the #2,638.80 - #2,642.80 Resistance zone fractal so use mentioned zones as your Intra-day pointers. It is Natural that Price-action found both Sellers and Buyers as RSI hit the Neutral zone, and with the absence of macro-economic catalysts, strong Volatility is expected, and don’t be surprised if you see thin Volume throughout today’s session. As the market is waiting for a catalyst, I see no alternative under such a Neutral setting but to maintain my breakout strategy and watching closely DX, to carefully issue my next move. If however #2,645.80 breaks, Price-action will be calling for upside extension, where #2,622.80 break can open doors for #2,600.80 benchmark and #2,592.80 configuration sequence. Otherwise, Volatility will be on the main stage. I do believe Selling pressure is still present on market so take that into consideration prior to positioning.
OANDA:XAUUSDShort
by goldenBear88
2
PLTR volatility ahead! more volatility ahead as market digests decreased Fed funds rate cuts in 2025. buy target at 90$ AFTER we fill the gap on 15min chart near 71.2-71.5 level imo.. looking to trade this setup via 80$ strike call option contracts for 1/10/25 & 1/17/25 expiration dates after 90$ is reached, still anticipating additional volatility back down to 65-68$ range one final time before Inauguration Day. After that, I think this turns strongly bullish once again and runs above 100$
NASDAQ:PLTR
by DaveTradesLive
2
BTC GOING UP OR DOWN? 74 OR 124?"Sometimes a person doesn't know whether to laugh or cry about their situation and the future events. Being optimistic is good, and pessimism is full of trouble... In this analysis, on the weekly time frame, Bitcoin is on a trendline, but the MACD and Ichimoku indicators suggest a decline, and the candles are still holding strong on the trendline. Although everything seems uncertain and strange, we must wait... Nevertheless, I am still confident and interested in Bitcoin being bullish, but if a bit more Bitcoin is sold, it will definitely drop. If it is not sold, the catastrophe will be avoided, negative divergence and oversold conditions will occur, and the upward movement will begin. The data still shows that Bitcoin is being accumulated... The UAE, companies like MicroStrategy, El Salvador, and other countries and financial institutions are accumulating, but small retail investors are selling. So, we wait for the next developments. Target: $74,000 or $124,000."
by khosrooparviz
1
EURAUD LONG - (Short + medium term direction prediction)Higher Timeframe trend = Buy Retail trader bias = Sell Institutional bias = Buy Short term target = retail trader stoploss zone I would like to clarify that I dont trade with extended targets like the secondary and tertiary ones marked. This might be handy for people who leave runners on their trades. Also keep in mind that I am only providing my own SUBJECTIVE potential target levels here. The best thing to do would be to drop down to lower timeframes and look for good areas of value to enter that are part of your own plan. S : 7 C : 41,59 - 26,74 R : 20-80
Long
by Gamblers-Fallacy
2
Potential bullish rise?NAS100 has reacted off the support level which is an overlap support that aligns with the 23.6% Fibonacci retracement and could rise from this level to our take profit. Entry: 21,426.87 Why we like it: There is an overlap support level that aligns with the 23.6% Fibonacci retracement. Stop loss: 21,119.53 Why we like it: There is a pullback support level that lines up with the 61.8% Fibonacci retracement. Take profit: 21,894.84 Why we like it: There is a pullback resistance level that aligns with the 78.6% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:NAS100Long
by VantageMarkets
1
$XAUUSD #XAUUSD GOLD LONGS MONDAY post NYSE 12/23/2024 been intraday bullish on gold eyeing this 2610 level post NYSE open sellside this morning looking to play longs targeting 2620/2625 intraday and potentially 2630+ if we get a big move with some pre Christmas volume my invalidation is around 2607 and i will stop out and take the loss if we break down 2610 into 2608/2607 if we take out the low then fly I'll be mad but such is life Definitely not financial advice Trade at your own risk Be safe much love and happy Holidays Just going to be using TradingView more often as a personal journal going into the New Year
FX:XAUUSDLong
by ZeveJL
2
THE KOG REPORT THE KOG REPORT: In last week’s KOG Report we said we would be looking for the levels of resistance above at the 2670-75 region where we anticipated the short trade to come from and the lower levels of support standing at 2630 where we wanted to see a reaction in price. We managed to get the short just below around the 2665 region giving us a nice start to the week in Camelot, targeting lower and breaking through 2630. We then continued to short completing the bias target levels as well as the red box targets which were shared with the wider community. Pre-FOMC we suggested traders pause and wait for the reversal which we managed to get based on the indicator and the FOMC report enabling us to capture the move upside into the close of the week, giving us a phenomenal pip capture on Gold. Add to that the other pairs we’ve traded and analysed through the week, and it was a nice end to week giving us an opportunity to now take it lightly for the remainder of the year. So, what can we expect in the week ahead? For this week we will be expecting thin volume so potential for ranging and slow movement with sudden burst of unexpected volume. We again have the key level of 2630-35 above which is a reasonable target region for the start of the week as long as the support level just below here holds us up 2610. If we can start the week with a move into that region we feel an opportunity to long is there with the first region being 2630 and above that 2635. 2635 is the level we’re anticipating a break of into the higher levels of 2650-55 and above that 2660-6, which is where we ideally want to be waiting for the short opportunity to take this back down into the lower levels with potential to then break below the 2600 level. We say it a lot but this week and most probably for the remainder of the year we will be taking this level to level, hence the report is showing you’re the 4H red boxes which together with our 15min and 1H indicators work well to capture the moves for intra-day trading across all pairs. KOG’s bias for the week: Bearish below 2660 with targets below 2610, 2596, 2580 and 2578 Bullish on break of 2660 with targets above 2667 and above that 2670 RED BOXES: Break of 2625 for 2630, 2635, 2645 and 2660 in extension of the move Break of 2610 for 2606, 2590, and 2680 in extension of the move Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
12
ONEUSDT Analysis: Strategic Demand ZonesONEUSDT presents high-potential demand zones , highlighted by the blue boxes . I’ve intentionally placed these zones lower , considering the market's potential to reach these levels around the Christmas period . This approach provides an opportunity for well-positioned entries if market conditions align. Key Points: Strategic Positioning: Blue boxes set intentionally lower for better entries in expected market dips. Market Timing: Potential price action around Christmas aligns with these zones. Confirmation Indicators: I will use CDV, liquidity heatmaps, volume profiles, volume footprints, and upward market structure breaks on lower time frames for validation. Learn With Me: If you want to master how to use CDV, liquidity heatmaps, volume profiles, and volume footprints to identify precise demand zones, just DM me. I’d be happy to guide you! Reminder: Be aware of the market's current state and approach it with caution. Successful trading relies on meaningful levels and robust confirmations. If you think this analysis helps you, please don't forget to boost and comment on this. These motivate me to share more insights with you! Wishing everyone success in their trades. If you think this analysis helps you, please don't forget to boost and comment on this. These motivate me to share more insights with you! I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. I help anyone who wants it completely free of charge. My Previous Analysis 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT.P: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One 💼 STMXUSDT: 2 Buying Areas 🐢 TURBOUSDT: Buy Zones and Buyer Presence 🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results 🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB 📌 USUALUSDT: Buyers Are Active + %70 Profit in Total 🌟 FORTHUSDT: Sniper Entry +%26 Reaction 🐳 QKCUSDT: Sniper Entry +%57 Reaction I stopped adding to the list because it's kinda tiring to add 5-10 charts in every move but you can check my profile and see that it goes on..
Long
by XU99