Metal-Rules_Rap-Sucks

Metal-Rules_Rap-Sucks Updated 

I am calling a temporary bottom on TSLA stock due to Ichimoku cloud support on the Weekly chart. Ignore the bad news and all the other things going on. Price is everything. Stop losses should be placed below the cloud support. If It keeps going down and I end up being wrong SO BE IT. If it goes up from here then you can thank me later by buying me a coffee with...

Metal-Rules_Rap-Sucks

Ok, on this chart I have included the latest updates to the OWF (One Way Formula) which show the swing lines and new ASC (ascending bottom) on 10/17. The RB (repeat buy) signals are shown on 10/21 and 10/28. The entry orders for these trade setups would have been entered the night before the actual entry date. Now I know what you are thinking. How did I know...

Metal-Rules_Rap-Sucks

This chart show the continuation of the signals from the last chart I posted. There has been one DS (descending top) and some RS (repeat sells) after that. One of the RS signals was a loss but the RS wins after that more than made up for that. I will continue posting updates as time goes along.

Metal-Rules_Rap-Sucks

All my signals with the One Way Formula for the year (so far). Arrows show ascending bottoms and descending tops. Repeat buys and sells are also shown. This is proof that you don't need any indicators to make money in the market. Some things stand the test of time. Simplicity is beauty. If you want to know how to enter and exit these signals and how to plot the...

Metal-Rules_Rap-Sucks Updated 

Well, I am not usually the kind of person that likes to "pick bottoms" but this one is too hard to resist. First of all in a recent news article NFLX management has announced publicly that their "woke" policies are failing to make money for the company. Therefore they have in a roundabout way told the woke employees in the company to go pound sand and leave if...

Metal-Rules_Rap-Sucks Updated 

The last few weeks are showing a sideways base building above the Ichimoku cloud and the weekly pivot zone. I think we are due for an eventual breakout to the upside above the 89 level. My stop will be below the weekly pivot level around 86.5. A good way to trade oil futures nowadays is the new micro futures contracts on the NYMEX. The symbol is MCL. Of...

Metal-Rules_Rap-Sucks Updated 

I actually don't think this trade is going to trigger but here goes. This is a counter trend setup based upon the Monthly Pivot level holding as support. I usually don't like these kind of setups but you never know in this business. So when I do take them I only trade small. That way I don't lose a lot when they fail. Entry parameters below: Entry: 11561 SL:...

Metal-Rules_Rap-Sucks Updated 

Man what a choppy sideways mess. We have been trading around this cloud resistance all week. Almost seems like the market is waiting for something. I think it is waiting on the eventual Trump re-election. All I know is that there is no real movement or momentum. But I have to go with what the market is telling me. Of course this setup is only good until 15:00...

Metal-Rules_Rap-Sucks Updated 

Well let's try this again: Entry: 105.57 (Buy Stop Limit) SL: 105.30 (Sell Stop) PT: 106 or higher (Sell Limit) Of course all this hinges on the fact that we get renewed bullish momentum above the cloud support. If not the "setup" is cancelled and we wait for the next 4 hr candle to give us further insight.

Metal-Rules_Rap-Sucks Updated 

EU touching the Kijun-Sen resistance and closing below the Monthly Pivot is bearish. We are targeting the monthly S1 level below as a potential profit target. Trade parameters below: Entry: 1.1734 SL: 1.8080 PT: 1.1630 or lower into the bottom of the cloud (your choice) Wish us luck.

Metal-Rules_Rap-Sucks Updated 

NFLX is bumping up against the bottom of the Ichimoku Cloud which is now serving as resistance. Tenkan-Sen is sloping down and indicating further downside. However, in order to avoid jumping the gun we are only going to short once the stock declines below the previous days low. Today's candle is a hanging man. This means that if we take out that low there is a...