Long time no post. I dropped out of trading for a few years, had enough of staring at a computer screen, moved house and location, did some travelling, basically a complete break from trading. I'm posting here just to bring ths particular thread to ...

The Trader's Academy - by Traders for Traders

So, BTC down $3,400 since the Tesla pump, and I think set to wipe out all of those gains during the next few days.

Is Bitcoin about to crash?

Three years ago I called the big BTC crash on this thread. Now I'm not calling another one, just drawing attention to this whopping diversion pattern on the Daily chart. Not a great time to buy me thinks!

Is Bitcoin about to crash?

Looks like a Tesla pump and dump if you ask me. Massive diversion on the Daily. Now, watch it come down!

Bitcoin (BTCUSD)

I posted this diversion pattern for cable on January 14th, warning of a potential drop. Today's daily chart has the setup looking likely that the fall may be imminent. The price really needs to hit around 1.36 first, when we may get a short-lived ...

Cable Update (GBPUSD)

Once a trader learns how to read the markets, and I mean really read the markets ( losing traders will always tell you that this is not possible ) then the only obstacle remaining is you. Both are enormous challenges, way above the abilities of most ...

The Trader's Academy - by Traders for Traders

The other most useful quote in trading apart from the Jesse Livermore quote above, by the late great Mark Douglas. You can be the greatest technical analyst in the world, you can make 1000s of percent gains on a demo account, but if you are racked ...

The Trader's Academy - by Traders for Traders

It is a problem I agree. It is the reason why I post a lot less than I used to on ff, but to be honest, all trading forums are the same, and many are a lot worse than this one. I don't like giving advice unless it is asked for, but, I will say just ...

The Trader's Academy - by Traders for Traders

Disagree with that. I use four screens, including one 32 inch, and I trade only the Dow. But as always, each to their own.

The Trader's Academy - by Traders for Traders

Sure, and that's not a time to be in the market. Anyone who says the market is random and that technical analysis doesn't work has no idea what they are talking about. Price action and TA is everything in day trading. Nothing else matters, except ...

The Trader's Academy - by Traders for Traders

Quick return to this old thread of mine. Not sure if I ever posted this, but for aspiring traders, I consider this one of the most important pieces of advice ever given. Jesse Livermore was one of the greatest traders who ever lived ( read ' ...

The Trader's Academy - by Traders for Traders

This is the most difficult question of all. Both are screaming overbought and the price action is very reminiscent of any stock, index or forex pair shortly before a correction, but, and it is a big but, these are crazy times, and as long as the Fed ...

2020 - US$ to weaken, Pound Sterling & Euro to strengthen

Here's AU. Difficult one, because it has already found a big resistance area. Will it breakthrough to challenge 0.8 - 0.82, or will it break down and fall back? either are likely. If it pushes higher, watch 0.78 as I have resistance there. I do ...

2020 - US$ to weaken, Pound Sterling & Euro to strengthen

Okay, I'll post them over the weekend.

2020 - US$ to weaken, Pound Sterling & Euro to strengthen

Here's my stab at Gold for 2021. Big diversion pattern on the bi-monthly which I cannot ignore, and my moving averages suggest that we have seen the high, at least for the next year or so. Could be wrong of course. Not quite sure when exactly, as ...

2020 - US$ to weaken, Pound Sterling & Euro to strengthen

[/B] Exactly that.

2020 - US$ to weaken, Pound Sterling & Euro to strengthen

Any Dow/S&P traders out there?

2020 - US$ to weaken, Pound Sterling & Euro to strengthen

I'll also post my projected 2021 levels for Gold and natural gas within the next few days in response to requests for them.

2020 - US$ to weaken, Pound Sterling & Euro to strengthen

Let's look at E/U first. This is obviously a long term projection for 2021. There is a strong diversion pattern at the moment on the 2 day chart which may mean E/U will fall a bit in the shorter term, so through Jan/Feb. I'll post a chart shot of ...

2020 - US$ to weaken, Pound Sterling & Euro to strengthen