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Mid To long term projection of the SPYGiven Donald Trump's recent victory, the market has felt an optimistic boost. This excitement, could be enough to overcome the current economical warnings that have been prevalent in the previous months. It's impossible to know if these excitements will be enough to send the market into a new and strong rally into overextended territories, or if the market will continue to complain about unaffordable housing, and sustenance. The future is always an unknown variable, however random variables do tend to follow their own distributions to a certain degree. It is always possible for exceptions to occur which prompt price action to get excited at already expensive prices. However, it is intelligent to always take a degree of caution when purchasing expensive securities which are still increasing in price. In these scenarios I suggest waiting for price corrections before purchasing and purchase in small amounts as price decreases to be able to purchase more at lower prices aka cost average. Given Trumps popularity, it's possible that people will become optimistic about the near future, however Trump still has a lot of rivals, which will stop at nothing to fulfill their agenda. The president will be faces with many new challenges these coming 4 years. I wish him the best of luck as he writes history once more. May God bless the future of America, its allies and it people. It's time to see the world change once more.
AMEX:SPY
by DarkMessiah777
Horrendous market conditions. Can only get better?I do not really know stocks, there might be opportunities there, but aren't they all correlated anyway? All the rest thought, nearly everything is crazy lame. What is this? Why? Too large influx of retail traders 50/50 coinflip prevents markets from trending? There are not even good ranges to trade. What if all these awful retail market participants are making markets random and much less volatile? Ahhh it's all over, we can't make money because of all the noobs that take random guesses on the direction. The Eurodollar for example, it's not tightening, it's like tightening but while pointing down. How does anyone make money in these conditions? Ignorant regulators are joyful "oh the volatility is falling due to trash traders 'buying oversold' great"... markets trend for a reason... So dumb... The smaller the ATR the happier they are, it's unreal "Great! I had a really bad experience when I gave it a try! If markets don't move other idiots like me won't lose money, awesome!". YES, and when that heartbeat stops you will have a beautiful flat line and won't have to worry about anything anymore ^^. Markets dying is clearly an awesome thing for the economy, woohoo! Unbelievable stupidity. Just unreal, I must be dreaming. I don't want to get wealthy by 76 years old. It's going to have to break eventually right? And then the suicidal thoughts will go away, yes, yes... Also for new traders, not the best conditions to learn. There's really nothing to get out of this. I already look at alot of markets... Might have to look at stocks if it does not get better... Assuming they don't get bad too. You CANNOT make money in a random market (well you can make a bit with interests or dividends then... not great). First let's look at the good news: 1- We can always participate in this nice Palladium bubble. It's expensive thought (fees), so only good for swing trading, and not just 2 days. 2- The bane of life on earth is trending, for now, we still get opportunities. I have a feeling it will make a lower high (already made a higher low), and just get tighter. 3- Indices are soaring, seems to be slowing down thought, except for CAC 40. Retail isn't interested in CAC 40. What if this is really the reason everything is dying? Hnnng no please no, gtfo dirty bronzes. 4- There is the Turkish Lira but I don't want to lose everything... Could trade it on a separate broker and be protected by negative balance protection... It's going up and interest for buy is pretty high... So long term swing trades are not that interesting. Turkey paying huge interest with imaginary money making it bad... Erdogan ruined the country... And can't even short the Lira too much interest rates, or maybe it's still worth it. I really would rather stay away. Now for the bad news, 185 points. I'll only show a few examples rather than all of them ;) Virtually all currency pairs are bad and offering very little opportunities... Silver has not been interesting for so long... Even soft commodities are not interesting...
by MrRenev
3
BITCOINrandom thoughts that have nothing to do with bitcoin Happiness Is A Function Of Looking At The World Rationally Trust Is Probably More Important Than Anything Your Values Aren’t Wrong, But They Might Not Always Apply Doors Open When You Politely Knock When Everyone’s On Board, It’s Very Fun To Be Part Of The Team (when they have their own agenda it is a nightmare) Humility Is A Very Attractive Quality To Have Traditions Are Only As Important As You Treat Them Hygge Over All
COINBASE:BTCUSD
by ShowmeMoney99
BTCUSD: Great Setup, Not So Great Location.BTCUSD Update: A higher low formation appeared off of the 7823 low and price took out the 8185 high during the previous candle, but we did not issue a trade signal. Why? This price action is occurring within a resistance zone which increases the risk for initiating long swing trades significantly. It took me quite a few years to figure out that not all signals are created equal. Context offers a way to gauge the likelihood of the expected outcome and this has nothing to do with complicated formulas. It is all about having a way to organize market information and compare unfolding ideas to best practices, or specific criteria to justify risk. Our criteria is very well defined and this is what acts as a signal filter. Higher risk trade ideas, even though they produce profitable trades at times, are not consistent enough in the long run. Consistency over the long run is a defining factor when it comes to professional speculation. Best practices dictate that buying into a resistance is generally a bad idea and that is exactly where this buy trigger has appeared. I wrote about this specifically when I updated the BTC analysis on S.C. yesterday. The 8091 to 8543 resistance zone is the .618 area relative to the recent bearish structure. Buying in this zone carries more risk on this particular time frame when it comes to evaluating a potential swing trade long. The more attractive location for this setup is the 7553 level (.382 of recent bullish swing) because of it's proportion to the current price structure and because it is where the recently established bullish trend line is located. This support level is a much better place for a buy signal to appear in terms of reward/risk and expected outcome. The problem is the market may or may NOT retest this level. Waiting for a setup to occur at this level or having the patience to not react if the market continues higher from the current level is what separates the rational traders from the herd. The herd reacts to anything because it is driven by greed. The rational trader wants to make money too, but waits until conditions are most favorable and is willing to forfeit market moves that promote bad habits and reduce consistency over the long run. Just like a fisherman anchors his boat in a "good spot" and waits for the fish to find him, he does not chase after the fish. In summary, this market is showing an attractive structure that implies further strength, but what is not immediately apparent is the risk. There is no particular advantage in a situation like this and the outcome is more random. As price action traders, we do not want random because it does not lead to consistency in the long run. So even if this trade setup produces a favorable outcome, we know that if you take this same trade 100 times, the majority of the time you will lose. If this bullish setup does not get through the resistance zone, it will more than likely drift lower into the support level that is more in line with our swing trade plan. At S.C., we prefer quality over quantity and have no problem watching higher risk setups move without us. Referring back to the fishing analogy, you cannot control the fish, but you can control the action you take to increase the chances of catching one and trading works the same way. This is one of those situations. Questions and comments welcome (We post more technical versions of these details on S.C. first. Make sure to check updates there).
BITFINEX:BTCUSD
by MarcPMarkets
21