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Time and Price Forecasting

  • #3,101
  • Feb 23, 2021 4:31am Feb 23, 2021 4:31am
Quoting DiamondMiner
{quote} OAPDave, I started with Stocks, Then Forex and finally Crypto, even though I denied it for ten years. that was my biggest mistake as I had no Vision. Nowadays, I stay home, watch the market set my alarms, work Play guitar, nap watch TV or learn something on YouTube. Look into Crypto, it will change your life. It's better you let your money work for you and you not have to work for money. Yes, Swede did a great job, but he likes to move around which is fine and he's always welcome here as a founding father. Respectfully PM
I am currently looking into crypto. Curious to know which platforms you prefer - trading on crypto exchanges like Binance or regular forex ...crypto brokers
  • #3,102
  • Feb 23, 2021 7:50am Feb 23, 2021 7:50am
Doing a little testing in the workshop
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  • #3,103
  • Feb 23, 2021 9:57am Feb 23, 2021 9:57am
Quoting OAPDave
Doing a little testing in the workshop {image} {image}
Price hitting the pitchfork median and points rightly. Look like its time to short, but check the daily for proper confirmation.
  • #3,104
  • Edited 12:14pm Feb 23, 2021 10:14am | Edited 12:14pm
Quoting Shyna-b
{quote} Price hitting the pitchfork median and points rightly. Look like its time to short, but check the daily for proper confirmation.
Doesn't get much better than this as all US based currencies feel the love including the Great British Pound...lol

ps...stop moved just below the “nifty fifty”.....may consider closing at BRN depending on price action
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  • #3,105
  • Edited 11:32am Feb 23, 2021 11:18am | Edited 11:32am
Quoting OAPDave
Doing a little testing in the workshop {image} {image}
Update
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  • #3,106
  • Feb 23, 2021 11:52am Feb 23, 2021 11:52am
Maybe time to look at Tesla on the short side Dave?? Always sceptical when price anchored to a currency backed on nothing but digital....DM has balls of steel me thinks lollol
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  • #3,107
  • Feb 23, 2021 11:53am Feb 23, 2021 11:53am
Too much time on my hands
ps
TBH not to sure what to make of D/Miner he keeps his cards very close to his chest and wears a poker face
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  • #3,108
  • Feb 23, 2021 11:54am Feb 23, 2021 11:54am
BITCOIN 1 m

Yesterday closed Short position + 14.000 points



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  • #3,109
  • Feb 23, 2021 12:18pm Feb 23, 2021 12:18pm
Quoting parisboy
BITCOIN 1 m Yesterday closed Short position + 14.000 points {image}
You Alaine, are buying lunch!
  • #3,110
  • Feb 23, 2021 12:31pm Feb 23, 2021 12:31pm
Quoting Swede
{quote} You Alaine, are buying lunch!
with pleasure ! both of you are welcome ! do not forget that all restaurants are closed !

anyway it is just pure luck I was in the good direction . But it was not possible to forecast such bearish trend

I could have made 21.000 points but the beast is too volatile
  • #3,111
  • Edited 3:09pm Feb 23, 2021 1:57pm | Edited 3:09pm
Quoting Forensic
{quote} I am currently looking into crypto. Curious to know which platforms you prefer - trading on crypto exchanges like Binance or regular forex ...crypto brokers
Forensic, Because it's Crypto and a lot of hacking, just use a reputable broker Binance is fine. The Crypto market is pulling back, that's when you buy more. Remember this guy's: You never lose unless you sell.
If by chance you're upside down(drawdown), do not even worry about it, the market will return, it always does.
Read the book Trading in the Zone Get in the Zone
Attached File(s)
File Type: pdf Trading in the Zone (1) (1).pdf   339 KB | 763 downloads
File Type: pdf The Definitive Guide to Mastering the Psychology of Trading by Mark Douglas (1) (1).pdf   2.0 MB | 630 downloads
You NEVER will be the person you could be, without pressure & discipline
  • #3,112
  • Feb 23, 2021 3:28pm Feb 23, 2021 3:28pm
Quoting OAPDave
{quote} WOW WOW WOW You have almost made me speechless It as always bothered me about leverage/margins overnight fees, independent of winning or losing positions, Share Brokers charging OTT charges for everything even for inactivity, share transfers etc etc After seeing the rise of Robinhood, Webull Trading 212 and others, the ESMA rules that arrived , the light bulb came on I could trade stocks and Buy and Hold if necessary at times, without anybody keep raiding my account at the drop of a hat I have looked at mostly penny shares first to dip my...
OAPDave, I trade Crypto with no Margin/Leverage. Margin will blow your account up. It's an old Jew trick to take your money as far as I am concerned. Again, you Never Lose until you sell. When the market is down and your stuck, hang in there, your money isn't going anywhere. If you studied your market(no matter what it is) and buy in at a low price, even if it goes queer, it will straighten back out and be back in the Green soon. Also, I look when the next Cycle is about to return(they always do), that influences my decision as well. I did stocks for years, never again. Growth rate is too long for the money. I am not telling anyone here what to do, only what has worked for me. Do your own research. Making money is easier then most people think., once you learn the psychology of the trade. I learned a lot from Jason Jankovsky https://tradingmarkets.com/authors/jason_jankovsky
Attached File(s)
File Type: pdf The Top Ten Mistakes Forex Traders Make.pdf   782 KB | 678 downloads
File Type: pdf Time Compression_.pdf   3.1 MB | 921 downloads
File Type: pdf Trading Rules that Work_The 28 Essential Lessons Every Trader Must Master.pdf   2.2 MB | 1,490 downloads
You NEVER will be the person you could be, without pressure & discipline
  • #3,113
  • Feb 23, 2021 6:09pm Feb 23, 2021 6:09pm
Quoting Swede
{quote} You Alaine, are buying lunch!
i personally think your letting alaine off lightly
  • #3,114
  • Feb 24, 2021 12:02pm Feb 24, 2021 12:02pm
Quoting DiamondMiner
{quote} OAPDave, I trade Crypto with no Margin/Leverage. Margin will blow your account up. It's an old Jew trick to take your money as far as I am concerned. Again, you Never Lose until you sell. When the market is down and your stuck, hang in there, your money isn't going anywhere. If you studied your market(no matter what it is) and buy in at a low price, even if it goes queer, it will straighten back out and be back in the Green soon. Also, I look when the next Cycle is about to return(they always do), that influences my decision as well. I did...

You are a real treasure. Always dropping precious nuggets of wisdom even when you don't have to. Thank you
  • #3,115
  • Edited 1:26pm Feb 24, 2021 1:14pm | Edited 1:26pm
Quoting Forensic
{quote} You are a real treasure. Always dropping precious nuggets of wisdom even when you don't have to. Thank you
Forensic, I have traveled the world, many times in my work as an Owner/Operator of a mining company Guyana, South America and Sierra Leone, West Africa. Hundreds of people have worked for me. I have a loving beautiful wife 27 years my younger, we have been together since 1997 and we've never had one fight. I've got a wonderful son to whom is a Second Lieutenant in the USAF. Life hasn't always gone my way, I had tropical diseases many times(malaria) from all these travels.

Me and the wife listen listen to motivational speakers everyday like religion. We trade Crypto 24/7 always in the market in one coin or the other, mostly long term. I am teaching myself to play guitar everyday. Forensic, I am a believer in God and pray every night before I sleep and give thanks for everything each day. I started out with nothing, made money and lost it several times. Money never really was that important to me, I focused on the objective,(what I wanted to do) not as way to make money.
In the past 3 years I've gone under the knife for surgeries nine times.
My suggestion to you and anyone is: There isn't one thing you cannot do, not one, in this world if you want it bad enough. Never take no for an answer. No, this the worst thing that could ever happen to you, someone say NO, nothing more.
DM
You NEVER will be the person you could be, without pressure & discipline
  • #3,116
  • Edited 8:51pm Feb 24, 2021 8:38pm | Edited 8:51pm
Attached is a quarterly eur/usd chart and also a weekly.

I post this to show just how long term we can do this stuff on. ( Fundamentals become more important with long term charts ... in my view ).
Also... In my experience... everything TA works... ( this is because mkts are NOT random )
Its just a matter of finding something that fits ones style/nature, and then making it your own. ( takes much work to make it second nature...)

The potential swing setting up on the quarterly chart will manifest as a trend on the weekly and 2 week charts.
The weekly is still in a strong uptrend ... but getting close to a "pop or drop" point...
I love channels and the channel mid lines..

It is possible to be a swing trader who trades trends....
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  • #3,117
  • Feb 25, 2021 6:26am Feb 25, 2021 6:26am
Quoting DiamondMiner
{quote} There isn't one thing you cannot do, not one, in this world if you want it bad enough. Never take no for an answer. No, this the worst thing that could ever happen to you, someone say NO, nothing more. DM
Very inspiring DM, thanks for the post.

Regards.
  • #3,118
  • Feb 25, 2021 12:06pm Feb 25, 2021 12:06pm
Quoting rhk

It is possible to be a swing trader who trades trends....

"Greed takes away the life of its owners. "
  • #3,119
  • Mar 1, 2021 3:26am Mar 1, 2021 3:26am
Quoting DiamondMiner
{quote} Forensic, I have traveled the world, many times in my work as an Owner/Operator of a mining company Guyana, South America and Sierra Leone, West Africa. Hundreds of people have worked for me. I have a loving beautiful wife 27 years my younger, we have been together since 1997 and we've never had one fight. I've got a wonderful son to whom is a Second Lieutenant in the USAF. Life hasn't always gone my way, I had tropical diseases many times(malaria) from all these travels. Me and the wife listen listen to motivational speakers everyday like...

Thank you. I needed to hear that.
  • #3,120
  • Edited 4:51am Mar 3, 2021 3:35am | Edited 4:51am
If Dr. Strange became a trader, it's likely he would be a Gann trader.
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
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