I am expecting price to climb higher into weekly sell-zone as highlighted in previous midterm short idea. I will not be making a Long because of that, and at the same time, I am not convinced enough by the weekly chart to make a Short at current levels. Previous mid-term Short Idea.
I was looking at some top caller here. And FOMO got to me when I saw one of their recent call. Their calls had been amazing. (winrate of 80% ?) Would link it but I couldn't find it anymore. And me being someone who doesn't understand crypto (even the mainstream ones), couldn't resist the possibility of a 2x - 3x trade. However, I had instant regret after...
Note: Give up if price came close and rebound strongly without hitting entry. White line: Queued entry Green line: 1: 1 TP Red line: Stop ------ Ideal conditions for a queue trade 1) People must die. (Minor swing lows/highs must be breached and stops hunted before reaching your entry) 2) Price must have traveled continuously for "big enough" distance and be...
AMC - Buy 49 > 56, SL 42 1:1 Risk Reward as usual. Entry White Green TP Red SL Not a trade I will personally make. When buying stocks, even with my intended stoploss, my true stop loss is always 0. 49 > 56 is 15%, not worth it IMO. It gets worse if I use the Daily timeframe which doesn't include the 42 post-market low. Good study nonetheless.
Fooling around but the trades are real. Looking for the following 2 trades Short 1890 and 1900. Stop loss at 1910.
Storytelling later. Entry at white line. Red and green self explanatory.
Refrain from trading this if you have pending Gold positions.
Imagining stuff is fun. Scenario 3 which I didn't draw: A false breakdown followed by a pump up. Maybe off 7.40?
Price at my predicted bounce point just as I am typing this. Painful to watch. All the influencers baiting people to stay in the trades, and selling a dream. They could easily leave their trades "open" while they do a opposite trade on another account to hedge/"close" their positions. Probably did so at 70$. People. Learn to trade. Learn to read charts for...
Careful, this is a weekend trade. Weekend gaps are annoying to deal with. Do not touch if you are not versed in risk management. This is also a stupid trade. I just nibble and gamble a small meal on this. I am aware that on higher timeframe, a breakout looks really imminent, but I am NOT a breakout trader. I gamble for breakouts to fail. Entry, SL, TP marked...
Buy points are the price levels indicated. Be nimble, be fearful, respect the market. If you follow my calls. You will have a LOT of pain. A lot of missed trades. A lot of could haves. But, add them to what you already know, and you will be a better trader. Check out my 3rd June's calls, where all 4 swings are called out. It is PURELY luck. But the "accuracy"...
Just refer to my previous trade idea. Apologies for my English and slurring. Do not be greedy at current prices. If you want to gamble, do a small size. If you don't want to, wait for 34 and 24. By then, there WILL be alot of FUD. Be brave enough to enter when the doom and gloom comes, be fearful enough to get out with a small profit.
Be prepared to buy some USD. Possible catalyst would be Nonfarm Payrolls tonight. Need further research about Fed selling of corp bonds on USD direction.
Why would anyone want to bet on a 50/50 trade? Note the beautiful triangle. Price is waiting to burst out. Why risk being massively wrong? Let the gamblers make their move, we lie in wait.
Patience. You either learn it the good way, or the bad way (losing money). Do not breed bad habits within yourself. Don't chase highs. ALSO, when price comes to you, do not be fearful. Be willing to stand in the way. And if you are proven wrong, don't be afraid to give up. Trade small so you will be willing to!
This is inspired by a news piece on rat infestation problem in Australia destroying crops amongst other things. Fundamentally, there is fear of inflation and USD weakness. I am aware that this is US Wheat price but I assume that global wheat problem would affect prices somewhat.