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Day Trading vs. Swing Trading vs. Position Trading 86 replies

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Techknow Trading

  • #181
  • Edited 7:13pm Apr 7, 2024 4:21pm | Edited 7:13pm
Quoting profits7
_______________ I will post another 1 @ PM 6:07 NY time ! {image} {image}
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Don’t focus on making $$$, focus on protecting what you have.
  • #182
  • Apr 7, 2024 7:39pm Apr 7, 2024 7:39pm
Quoting profits7
{quote} {image} {image}

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Don’t focus on making $$$, focus on protecting what you have.
  • #183
  • Apr 7, 2024 8:24pm Apr 7, 2024 8:24pm
Lol good ol thailand, my internet went out. Im looking at DXY right now yall 106.50 target on the longside. I will be posting more later as they just left fixing my router.

106.5 target on day pending long positions at 104.83 for the conservative trader. Less conservative can open now. Always trade light
TechKnow
  • #184
  • Apr 7, 2024 8:42pm Apr 7, 2024 8:42pm
Look like gold was spot on this whole time, good stuff.
TechKnow
  • #185
  • Apr 7, 2024 8:43pm Apr 7, 2024 8:43pm
Quoting profits7
{quote} {image} {image}
Looks good hope you got to all your TP, looks like you did!!
TechKnow
  • #186
  • Apr 7, 2024 8:47pm Apr 7, 2024 8:47pm
BTC went ahead and printed this giant hanging man. My issue is that I do not like the placement of the candle's body. I would prefer it to be above yesterday's price action. A situation like this often causes an initial burst up and then a large move back down to retrace the hanging man. On a weekly chart, that is a lot of movement. I will be carefully evaluating this as the day goes on.
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TechKnow
  • #187
  • Apr 7, 2024 8:49pm Apr 7, 2024 8:49pm
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Don’t focus on making $$$, focus on protecting what you have.
  • #188
  • Apr 7, 2024 8:53pm Apr 7, 2024 8:53pm
Speaking of funky candles in important places, we have this candle that closed near the major trendline, but I think it is just playing with our emotions. It's really a bold claim, but I just don't think the TL overpowers that candle. I'm long for 106.5. I will add any move down and twice on the way up if I get the chance.
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TechKnow
  • #189
  • Apr 7, 2024 11:56pm Apr 7, 2024 11:56pm
People are starting to go bullish in the gold room, as I said would happen. What does this mean to us? We should start looking for bearish opportunities. My overall target was 2360. It hit 2354 earlier, so I will assume the wave structure is complete and start assessing a new structure to make a decision on trade direction. But if you correlate it with what I have shown you on DXY already, it seems like an easy decision before I even analyze it. I'm going to take a 0.01 position short on gold. If I catch any fall, I will continue to add on the way down and really stack positions. If it goes up more, I will lose 3 dollars. Great risk vs reward, this is the way.
TechKnow
  • #190
  • Apr 8, 2024 12:38am Apr 8, 2024 12:38am
Expect reaction in the 71 zone of bit, If it breaks this zone and 71800 could see much higher. Going to focus on this current 71 level here first.
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TechKnow
  • #191
  • Apr 8, 2024 1:26am Apr 8, 2024 1:26am
I need this hourly to close down some, and if it closes in this zone and then I get a 4-hour close, I may actually pull my hedge or half of it, I will have to see how things close here.
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TechKnow
  • #192
  • Apr 8, 2024 1:50am Apr 8, 2024 1:50am
Quoting Techknow
I need this hourly to close down some, and if it closes in this zone and then I get a 4-hour close, I may actually pull my hedge or half of it, I will have to see how things close here. {image}
My opinion
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  • #193
  • Edited 3:31am Apr 8, 2024 1:57am | Edited 3:31am
BTCUSD D1
see you @87000
technow, do you allow to show charts from your guests?
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BTCUSD H4 edited 12:20 MESZ
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SL 71050=equal
note: ATH 73858.39 is very closely, tp intraday 74687.55 possible
  • #194
  • Apr 8, 2024 2:04am Apr 8, 2024 2:04am
Quoting Isabella_D
BTCUSD D1 see you @87000 technow, do you allow to show charts from your guests?
Yes, I was just thinking about 87-96 myself if this breaks up. Never removing these hedges it seems i may double-time it on the topside to close it from a big bull move if i see the chance. Please share all thoughts and charts. The only thing not allowed in here is random phone screenshots.
TechKnow
  • #195
  • Apr 8, 2024 2:06am Apr 8, 2024 2:06am
Quoting nsabu
{quote} My opinion {image}
I should have clarified that I was talking about Bitcoin there. Sorry I like that gold chart. Right now im lightly short as mentioned above. I do see your pathway being a possibility though.
TechKnow
  • #196
  • Apr 8, 2024 2:53am Apr 8, 2024 2:53am
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Don’t focus on making $$$, focus on protecting what you have.
  • #197
  • Apr 8, 2024 2:55am Apr 8, 2024 2:55am
Quoting Techknow
BTC went ahead and printed this giant hanging man. My issue is that I do not like the placement of the candle's body. I would prefer it to be above yesterday's price action. A situation like this often causes an initial burst up and then a large move back down to retrace the hanging man. On a weekly chart, that is a lot of movement. I will be carefully evaluating this as the day goes on. {image}
So far, this is doing exactly what I expected when I saw the placement of that candle; I will hold this view because I have seen this formation so many times. It won't be pretty, though, that is for sure. Due to the size of the candle, the swings will be huge. because it is a weekly candle, I technically wouldn't be allowed to change my bias till next week's weekly close. Which could be quite the clusterfuck, so I will just stay hedged here till it comes back down on itself. Watch for any hourly or 4 hour candle to try some shorts under the current ATH.
TechKnow
  • #198
  • Apr 8, 2024 3:01am Apr 8, 2024 3:01am
Quoting profits7
{image}
My original gold target was 2370; I think that's a nice area; watch for truncated waves, though, and a fall before then. Once usdx printed as it did, I decided to close them around the 2340 area. I also have a scenario I posted where gold hits 2520, but I won't repost that unless it closes above a certain level on the 4 hours.
TechKnow
  • #199
  • Apr 8, 2024 3:32am Apr 8, 2024 3:32am
_______________ ATM =
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Don’t focus on making $$$, focus on protecting what you have.
  • #200
  • Apr 8, 2024 4:53am Apr 8, 2024 4:53am
Coming to the last hour on the 4-hour here coming up, so I would expect some direction here in the next 40 minutes or so. (btc)
TechKnow
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