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S&P Showing Dominance in 2021!Another week and another record set for the S&P 500 which is having a strong 2021 so far. A new president is in the White House and stocks continue to fly as our scanners are signalling plenty of investing opportunities. Since the breakout of the September to November consolidation zone, price has now climbed a healthy 7.4% and still rising. With the 20 simple moving average being the main source of support at the moment, we can see a strong linear trend is in play and we want the trend to continue on its smooth journey up towards the $4000 round number. Within the S&P, the Information Technology sector is starting to shine once again and is continuing the momentum from the impulsive growth we experienced during the peak of the global pandemic last year. As the weeks and months go by we want to see the pattern of higher highs and higher lows remain as the norm and this will result in more and more opportunities appearing in our portfolio. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
SP:SPXLong
by Sublime_Trading
You can’t beat the marketToo many who are engaged in trading, try to guess what will be the exact short-term future course of the traded security (stock, commodity, etc.) they are dealing with. Behind this futile effort is our ego that is convinced that we are smarter than the rest and so we can predict how the security will move in the short-term, to take a suitable position and beat them. I remember myself planning on paper, many years ago, how the market will move and making scenarios. Every time I broke my face, and so I realized that, almost always, it is impossible to predict the short-term course of the market. I write almost always because sometimes your predictions actually come true, but that's because the market wants it because it's a trap. Now I want to be very specific about what I mean by the vague term ‘market’. There is a widespread opinion that prices are formed by all of us who participate in the market through supply and demand – bulls and bears. This view argues that an institutional investor or fund managing billions and a micro-investor have the same weight in market price formation. Of course it goes without saying that this is not the case. The smart money (institutional investors, funds and powerful individuals) and the general public, the small investors, are both shareholders in each security. Everyone aims to buy cheap and sell high. The truth is that only smart money has the means to do it. So when I'm talking about the market, I actually mean smart money and its mechanisms because it is the smart money that shapes prices. Thus the goal of the market is the following: 1) To get the public to sell at the lowest point possible during a crash, so that the smart money can buy at the cheapest price possible. 2) To get the public to buy at the highest point possible during a rise, so that the smart money can sell at the highest price possible. So the small investor has to deal with the smart money and that is why it is extremely difficult to win in this fight, at least in the short-term. Smart money with its means is always a step ahead because it controls the game. That's why you have to accept that it's almost impossible to beat the market in the short-term. You cannot predict how it will move because it has all the current data (which you do not know) and will make whatever moves it takes to deactivate as many traders (bulls or bears) as it can. The market is a master at deception. In each phase, the short-term course of a security has infinite ways to move and each pattern has the potential to transform to a different one, depending on the positions taken by the other players in the market. Here is an example where some of the possible metamorphoses of a formation are shown. So if you can't beat the market and you can't predict its short-term future moves to get a suitable position, what can you do? You can 'read' the movements made by a security in the past, using the tools of technical analysis. So you can see what is the long-term (years), mid-term (months) and short-term (weeks) trend and understand the market's intentions for the future, i.e. whether it is intended to follow an upward, downward or lateral path. Once you've made it clear what path the market wants to take, instead of trying to guess its short-term future moves, you need to focus on what market is doing NOW, right now, and once the technical analysis gives you a medium-term input signal to hook up to the path the market has set until you get an exit signal, ignoring the short-term misdirection moves it will make. This is the technique of following the trend - you may have heard the saying 'follow the trend, the trend is your friend'. Here I must stress that if you are wrong about the intentions of the market and follow the opposite path you must accept your mistake and close your position by taking your losses as long as they are small. If you are a beginner or do not have sufficient knowledge of technical analysis, it is probable that you do not understand what I mean in the previous paragraph and I, on the other hand, cannot make up for them in the space and time I have by making detailed explanations. That's why you should read books on technical analysis and get the experience needed in real, in my opinion, conditions with little capital. Only if you lose and hurt, will you be forced to reflect on your mistakes and eventually gain meaningful knowledge and experience. Then you'll be able to better comprehend what I mean. Summarizing, 1) You can't beat the market in the short term. You can't predict its short-term future moves, so don't get carried away in short-term trading. 2) You can, with technical analysis, decode past market movements, determine what the long-term, mid-term and short-term trend is, and understand its intentions for the future. 3) You can monitor the movements that the market is making now and follow the medium-term trend it creates once you get an input signal from the indicators of technical analysis. 4) You can let your gains run. 5) You can exit the medium-term profitable trend if it goes to reverse as soon as you get an exit signal from the technical analysis indicators. 6) You can cut your losses early if you misdiagnosed the market's intentions. A suitable system to implement what I mention above is the 30d/200d SMA system, which I have described in my post entitled ‘a trading system for rookies, simple, profitable and capital protective’ you will find here In fact this system is not only for beginners but also for traders of every level who can simply, due to experience, apply it in the short-term. Disclaimer The writer of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only. Before making any investment based on your own personal circumstances, it is very important to do your own research and analysis and also take independent financial advice from a professional to verify any information provided here.
NASDAQ:CRSREducation
by Gnothisafton
10
Bitcoin Traders - Buckle Up!As per our last analysis (attached below), we know that Bitcoin is still overall bullish and we will be looking for trend-following buy setups as it approaches the lower brown trendline. Bitcoin formed a valid trendline in red but it is not ready to go yet. We always wait for extra confirmation and trigger. We want the buyers to prove that they are taking control again by breaking above the last swing high! Trigger: Waiting for a momentum candle close above the gray area (last high) to buy. Or whatever your trading plan is. Always follow your trading plan. Our stop loss always goes just below the last swing low, and we target the double of our stop loss size. Unless Bitcoin breaks below the lower brown trendline (and its last swing low) then and only then the momentum would be shifted from bullish to bearish. For now, we are still overall bullish (long-term) and looking for trend-following buy setups around our lower brown trendline which acts as non-horizontal support. Good Luck All Strategies Are Good; If Managed Properly! ~Rich
COINBASE:BTCUSDLong
by TheSignalyst
218
USDJPY Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: USDJPY is sitting around strong resistance in green and blue trendline so we will be looking for trend-following sell setups on lower timeframes. on H1: USDJPY is forming a trendline in red so we will be waiting for a new swing low to form around our lower trendline to consider it our trigger swing. Trigger: Waiting for a momentum candle close below the gray area to sell. and until the sell is activated, this one would be overall bullish and can still dive inside the green zone. Good luck!
Short
by TheSignalyst
47
BITCOIN - Are You Going To Wait For It?As per our last analysis (attached below), we know that Bitcoin is still overall bullish and we will be looking for trend-following buy setups as it approaches the lower brown trendline. As you can see now, Bitcoin is forming a channel in red (not valid yet) so we will be waiting for a third swing high to form around our upper red trendline to consider it valid. Trigger: when the third swing is formed (as shown in purple) we will consider it our trigger swing, and buy after a momentum candle close above it. Or whatever your trading plan is. always follow your trading plan. Our stop loss always goes just below the last swing low, and we target the double of our stop loss size. Unless Bitcoin breaks below the lower brown trendline (and its last swing low) then and only then the momentum would be shifted from bullish to bearish. For now, we are still overall bullish (long-term) and looking for trend-following buy setups around our lower brown trendline which acts as non-horizontal support. Good Luck ~Rich
COINBASE:BTCUSDLong
by TheSignalyst
94
S&P Up 6% Since Major Breakout!The S&P started off 2021 with a strong first week of trading and the current trend forming appears linear and strong. We can identify a linear trend as price has just been using the 20 simple moving average as support since the consolidation breakout when price moved above $3588 in November 2020. We also have an indicator called the LTI which is our proprietary tool and only available to our Phoenix members which helps to confirm linear trends and this tool confirms that the S&P is trending strong. The move since price broke above $3588 has risen by 6% and we have positions in stocks which have moved up over triple that percentage and more. The markets are looking strong overall and we are taking advantage of the profits being handed out but we want to be mindful that earnings season is coming up and the earnings figures could push price in any direction. As a result, we need to remain ready to manage our positions if we see major levels of support and resistance being taken out. With the S&P trending, we want to see how price interacts with the $4000 psychological round number. If that level is broken as well then we should see a continuation of the overall bull trend. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
SP:SPXLong
by Sublime_Trading
Gold's Bond With The 200SMA!Since the beginning of 2020, Gold has been favouring the daily 200 simple moving average as a comfortable level of support. The first contact we can see was in March 2020 which was during the peak of the global pandemic last year. Price created a low at $1451 before returning back above the 200sma. Following the bounce off support, we saw price climb 42% over the next 5 months, smashing its way above the $2000 psychological round number and reaching its current all-time high of $2075. Price has been moving sideways to down since reaching its current top and found support at the 200sma again at the end of November and formed a low at $1764. Gold started to find strength once again and climbed up to a high of $1959 on January 6th and suffered a sharp fall which was cushioned by the 200sma once again. The candle from January 12th is bullish and price is trying to climb up once again. If we see a move to the upside, the 200sma may continue to come in as support and help to push price higher. We now want to see price take out the $2000 round number and then the all-time high at $2075. Our position in Gold is still running and we are still waiting for an opportunity to add more positions once price starts to create new record highs once again. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:GOLDLong
by Sublime_Trading
EURCHF Top-Down AnalysisHello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: EURCHF is sitting around a strong resistance (in blue) and brown trendline so we will be looking for sell setups on lower timeframes. on H4: EURCHF formed a wedge pattern in red so we are waiting for a new swing low to form around our lower red trendline to consider it our trigger swing. Trigger: Waiting for a momentum candle close below the gray area to sell. and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone. As price approaches our lower brown trendline, we will be looking for buy setups. Good luck!
Short
by TheSignalyst
36
GBPUSD 174 Pips 💵💵💵😊💵💵💵🅶🅷🅾🆂🆃 _ 🆃🆁🅰🅳🅴🆁 _ 🆂🅰 📙Cable moved exactly as we predicted😊 I'm hoping everyone did ride with the bears as from Monday and banked a lot of pips💵💵💵😊💵💵💵 📙What Next Now ? 😊 📙 Cable decided to gave us a beautiful (a-b-c-d-e) pattern , now , let just validate😊 this pattern then expect angry bears to take control is this pattern prove to be valid... 📙Please, make sure you validate this pattern before jumping in😊 📙I wish you all the best 💵💵💵😊💵💵💵..
by Ghost_Trader_SA
2
Gold Bouncing Back!Gold is acting as expected following its bounce off the weely 50 simple moving average zonal support area. During that period, price did drop below the daily 200 simple moving average and that move could have influenced traders to panic and exit positions prematurely. Looking at the higher timeframe, which in this case is the weekly chart, allows us to look at the market more objectively. Once we become objective, we are in a position to make sound investment decisions that should over time result in healthy consistent returns. Price is looking strong so far this week and is now fast approaching the $2000 round number which may act as strong resistance again. If price is able to break this resistance zone, then it has the all-time high at $2075 to contest with. The recent deep pullback is part and parcel of the behaviour of Gold and if price is to repeat itself then we should see new record highs created in the coming weeks/months. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:GOLDLong
by Sublime_Trading
First Trading Day Of 2021 Bearish!As we have now entered a new year we want to see if the momentum from 2020 will seep over and continue to flood us with further profits for our portfolio. During November, the S&P 500 started creating new record highs once again following its breakout of consolidation. On the last trading day of 2020, price tagged the current all-time high but was not able to close above that level at $3756. When the markets opened for the first trading day of 2021, the candle opened above the all-time high but we soon started to see bearish moves and price was even trading below the 20 simple moving average during market hours. By the time the market closed, price ended the day sat just above the 20sma which is being used as support. This is why we are always informing our members that the closing price is important, not the price we see during market hours, because the closing price provides us with a clearer picture. What we need to see going forward is a bounce off the 20sma and for price to move towards the $4000 round number and beyond. If price continues to use the 20sma as support then that will indicate a linear trend is in play and this is what we usually experience in strong bullish markets. We continue to remain long and will do so as long as the bullish trend remains in play. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
SP:SPXLong
by Sublime_Trading
USD/JPY trend following short ideaUSD/JPY strongly rejected a key support zone around 102.5 forming a double bottom. Therefore i expect the price to go up to retest the 103 level where there is a confluence of resistance trendline, horizontal resistance, and the 38.2% level of the fibonacci taken from the swing high to the swing low of a multi-monthly downard push. From that point I will be looking for any sign of reversal and a potential downard move all the way down to the nearest daily support at 102.7.
by Confident_FX
EUR/USD BUY SIGNALHey tradomaniacs, welcome to a new free trading-setup. Notice: Reversal-trade with higher risk as market is volatile. Only for those with higher risk-aversion! EUR/USD: Daytrade-Execution Buy-Limit-Order: 1,22500 Stop-Loss: 1,22270 Point Of Risk-Reduction: 1,22730 Take-Profit: 1,23100 Stop-Loss: 23 pips Risk: 0,5% - 1% Risk-Reward: 2,6 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me.
Long
by Trading2ez
2
DXY with GAP-CLOSE and a nice SELL!Hey tradomaniacs, DXY ( US-DOLLAR ) seems to close its WEEKEND-GAP! A close of this GAP would push the market to a perfect short-entry in terms of important technical supply-levels. I will have a close look at the 89,900 area is we could get very nice opportunities to follow trends of majors against US-DOLLAR . #Patience snapshot LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me.
TVC:DXYShort
by Trading2ez
4