Get started

Shark

I might want to own DisneyI might want to own Disney as my first stock. Now this is why! Are you aware that Netflix stopped allowing users of different IPs to log in and watch the show, even when you had a premium subscription? That means, even if you are from the same household, but one of you has an extended overseas trip, he could be booted out after he has "used up" the overseas button. In some countries, the subscription fee of Disney is 3 times cheaper than Netflix. I'm unsure if that's what Disney offers for the first-time sign-up client, but it is worth noticing. Disney owns some of the biggest brands, such as Marvel, Starwars, 20th Fox Century Studio, and more. Although I'm not optimistic about some of the new Marvel series, there is so much more potential with Disney. So when the Bullish Shark Pattern has confirmed at $87.90, it is great news for me to own my first stock and it might be Disney. What's your take on this?
NYSE:DISLong
by RaynLim
2
Correlation Matters No More For the longest time, I've been saying that the correlations between the currency pairs have been weakened. Traders have asked me why I have NZDJPY and NZDUSD in my portfolio. Doesn't it move in the same direction? Over the years, these correlated pairs move pretty differently. And recently, the WTI and Gold have no longer moved in an inverse relationship. So yeah, I'm treating them as their own. Although both the 4-hourly and 1-hourly charts show buying opportunities through a potential Bullish Bat Pattern and a Bullish Shark Pattern, I'm more interested in waiting for a shorting opportunity on the 5-0 Pattern. What's your take on the NZDUSD?
Short
by RaynLim
Trend Doesn't Matter!!I'm not saying that trend isn't important, but on this particular trade, it is NOT. And that is because the NZDJPY is on a sideway market, and it didn't show a particular prominent sign. My top focus is to wait for a shorting opportunity on the Bearish Crab Pattern that shows up on the daily chart. It is common for crab patterns to have their retest before the actual move. Why this Crab Pattern? It coincides with the Bearish Shark Pattern on the Weekly Chart. If you want a buying opportunity, a magic candle confirmation 87.21 on the 1-hourly chart will allow you to engage the trade. Gartley Pattern is the first pattern that was discovered. What makes this Bullish Gartley Pattern interesting is that the completion falls on the Key Support Level on the Daily Chart, marked as the Blue Horizontal Line, indicating a Key Support Level. This is both amazing and disturbing to see for both traders. What's your take on the NZDJPY?
Short
by RaynLim
1
This is why Most Traders Lose MoneyLook at the higher timeframe(right), on the Weekly chart, and have your focus on the retest of the previous high. Not only it fails to close above the previous high, but it also has an RSI Divergence. On the bigger picture, EURUSD is on a Bearish Move. I'm not saying you can't make money if you have bought EURUSD, but you shouldn't stretch your target when you are counter-trend trading and you won't know that if you didn't get the trend right. On the lower timeframe, the 4-hourly chart, Trend Traders could wait for a retest of the Key Resistance Level at 1.0912 and wait for a Magic Candle Confirmation to engage the trade. Counter-Trend Traders could wait for the completion of the Bullish Shark Pattern, followed by a Magic Candle Confirmation at 1.0707 before heading for a buying opportunity. What's your trade plan for the week? Comment down below.
Short
by RaynLim
Natural Gas: 1.618 Confluence Support Zone Has Held Natural Gas was trading at this Log/Linear 1.618 Confluence Zone for a while and even confirmed a 3 white soldiers pattern from the zone, but has since been very quiet. However, it's recently begun to bring us somewhat of a bounce and has confirmed a couple of higher lows with some hidden Bullish Divergence on the MACD after holding above the Bullish Control Zone on the RSI and now it's looking to make some higher highs and could take back the entire range. It should also be noted that this 1.618 confluence zone is at the PCZ of a 1.13 Bullish Shark.
OANDA:NATGASUSDLong
by RizeSenpai
GBPUSD, Correction before ContinuationGU experienced a sharp rally towards the LQP, 1.25 after a correction from the Bearish Butterfly Pattern on the H4 timeframe. However, this rally did not provide enough momentum to continue towards the LQP, 1.25. I expect price to come back down to clear out traders who went long yesterday in NY, but also find an area to use as a support level, to continue pushing towards the LQP, 1.25. A 15 minute Bullish Shark Pattern is expected to be the vehicle for price to keep this area as support. On the H1 timeframe, this Shark Pattern could coincide with a W formation that suggests the price is turning around and no longer going lower. This setup would give price a reason to correct buyers from NY’s session before correcting the massive selloff GU experienced since Friday.
Short
by BeaucoupPips
Expansion PatternsAUDCAD has a unique setup that I'd not seen before. We have shark patterns from the Weekly chart to the 1-hourly chart. This is a clear sign of sideway increase volatility, a situation I DID NOT trade when I started trading 18years ago, not until I found the Shark Pattern trading strategy 12years ago. I'm more comfortable waiting for the Shark Pattern form up on the 1-hourly chart at 0.8902. Not only because it was the lowest timeframe, which means lesser initial risk on the trade and the completion of the Shark Pattern lands on the Key Support level on the 1-hourly chart.
Long
by RaynLim