Straight up it went. Now will it go up for a second day? Or chop some more? Are you still short?

Dow Jones

[quote=Pocae;14362451] You're using an M1 chart to support the view (possibly) shown by your D1 and H4 charts? Amazing. Oh, and it's a different instrument too, technically. Well, I think it's a no-brainer that price is ...

Dow Jones

Pro tips!

Let's Trade Options

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Quotes and Videos for Traders

Is the bullish deep crab a bearish signal? If so you really nailed it. 😂

Dow Jones

Not the turnaround I was expecting, so. Fairly negative outlook.

Dow Jones

video

Dow Jones

Tuesday will be a textbook 'Turnaround' Tuesday setup. If it doesn't materialize then I expect fear keeps things suppressed for a long while.

Dow Jones

So where will it be at a certain time? I'm seeing so much FUD (fear, uncertainty, doubt) on the internet about SBV that I think there's maybe a 1/3 chance that it doesn't go anywhere for several days, but frustrates the bearish inflows. It might gap ...

Dow Jones

The next book is 'Machine Trading' by Ernest P. Chan, but it's a doozy. You thought Kaufmann was an esoteric quantitative type? You haven't seen anything yet. I'm not sure how to handle it. Do you prefer drinking straight from the firehose or do you ...

The Finance Book Club

Is all this bank failure chatter just background noise?

Let's Trade Options

Now it's crashing. Look out below, this could be historic.

Dow Jones

You see here that price reached the notable level of 1.0566. 2 days before both the high and the low were ABOVE this entry level. Is there a reason to reject this signal? EURUSD H1

Notable numbers strategy

Review A fascinating little book. Very quick read. I trimmed more than I usually do because it's a chatty, narrative type of book and we've really had our fill of those, I hope you agree. However if you want to know more about the whole thing it's ...

The Finance Book Club

Taking Profit "POP: My trade programs allow me to take profits after three adds upon a third wave of movement. The third wave usually is the strongest, and that is where I get out of the elevator on the 14th floor rather than ride to the 18th floor ...

The Finance Book Club

Day Trading Most of what is advised is no longer relevant. Except it is still true that you must be swift to take a loss when the Fed is ready to speak. Plan for surprises by never overtrading. Cloud Hopping Charts can deceive. Something that worked ...

The Finance Book Club

Rule #1 tells you two things 1. Be confident, but be humble enough to admit when you are wrong. 2. Put only part of the position on. Scale in because if you're wrong then you can get out at a smaller loss. If you're right, you can lay on your whole ...

The Finance Book Club

Rule Number 2 "I worked as a broker for 10 years. I saw some 100,000 people execute more than 100,000,000 (one hundred million trades) over those 10 years. I saw thousands and thousands of people destroy their trading accounts by adding to their ...

The Finance Book Club

This is the standard narrative.

Cable Update (GBPUSD)