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RE5.13.20 RE This video is an important insight to how I look at markets. Do not freak out. I posted this for one of my students but I want other traders to look at it. My two students will know how to handle this, yet there is value to looking at how I would approach this. Intuitively this will be very appealing to many people who are watching, but to others you need to watch a little bit longer and give it a chance. You will not be able to look at one or two charts like this and trade. Do not worry about it, but trawl some of these lines, take a snapshot and reproduce the lines, it will be worthwhile. When I start back to trading, I will not be a signal service and tell you when to trade, but you will have a very good idea of how I look at markets and what I'm probably up to when you get facile enough to draw the lines, and look at structure, price action, and expansion and contraction of markets. 135 patterns, our patterns. When markets move lower, the professionals will run the stops. When markets find a bottom, sellers will try to push the market lower, and if it's a bullish market the sellers will fail to make new lows. We will talk about all the stuff. And if you are a short order cook at a takeout hamburger place, instead of having nightmares of a commercial stove filled with greasy hamburgers, you will start having nightmares about range boxes and 135 reversal patterns, and this will be your clue that you're starting to see the market in a more proficient and accurate way. After all, I think we can agree that some nightmares are better than others.
REducation
by ScottBogatin
9
Potential trade setup: USD/CAD analysisprice has rallied to the downside and broken a key weekly trendline with a significant bearish engulfing candle, however 1.32500 proved to be a minor area of support in which price seems to have sustained this level and could potentially retest the key trendline which is confluence with the ideal 61.8% fib level and MA acting as additional resistance before conceding potential new sellers in the market to further drive price into the lows of targeted zones like 1.32000-1.31000
Long
by danresdidualfx
1
Munich Re - Down - ShortTermThe Pacific Ring of Fire is increasing in activity. The volcanic eruptions and earthquakes and their consequences such as tsunamis have increased significantly compared to the previous two years. At the same time, the sun is in a solar minimum. Huge sun holes at the North + South Pole and the equator seem to release relatively many solar winds. Is there a connection here? Does the neutrino radiation of the Sun in the Earth change into matter? Anyway, the increased volcanic eruptions and earthquakes will affect the biggest reinsurer in the world. This should then be reflected accordingly in the chart and move the stock from the current $ 190 to $ 160. Currently, the chance risk ratio-(CRR)-is very good for this trading plan, as the stop loss at $ 196.80 leads to a-CRR-of 4 to 1.
XETR:MUV2Short
by StefanBode
entry points on the journey downSupport around 8250 may provide a small bounce (grey boxes) Main movement is probably back down to bottom and a little further. Previous bounce came at €uro support line (~6000), and there will be another small bounce here. However, the main bounce will come from the $ dollar support line at 5400. Providing an opportunity for re-entry. Other Markers The daily RSI should hit oversold just before 5400, and help the leg back up again. Central line of the Pitchfork may coincide with 5400 support, adding further support. Long Term Often the third breakout attempt is successful. If my theory about €uro and $dollar bottoms is correct, there may be enough bull power to push through the resistance, but its a month away, and a lot can happen in a crypto month. Conclusion I made my last trade for a while today. Let my emotions get the better of me and pulled out too late. Reduced a 4% gain to 1%. Still its a better rate than any bank will give me. I'm in fiat now. I'll keep an eye on things and continue to post, but my money is going safe for a while. Happy Hunting. Caveat : I am not a professional trader or adviser. Do your own research before making any trade. Never trade more than you can afford to loose.
BITFINEX:BTCUSDShort
by reppac
2