Expecting the dollar to outperform the euro next week. As outlined, will be splitting risk across 2 positions as the overall bias has lesser confluence to it than I would usually care for. Expecting bearish imbalance (red box) from earlier today to play a role and if not, price might make a move for a higher time frame level (black line) before heading down. Recommend trimming or reducing position size at bullish imbalance (green box) outlined below. Once again, this trade idea is risker than I would normally be comfortable with and if you are entering a trade based off it I strongly advise splitting risk between both positions (0.5R each) rather than treating them as seperate trades.
I mean c'mon...as a trader how can you not like a stock with the ticker RSI and a chart that looks like this? Especially right now when everything else is kind of a mess. As always, while I'm fond of the lovely positive slope of that regression channel (uptrend), it's all about the algo. Not a long track record is really the only knock on this one. But at 152-2 with a buy signal from the algo and this exit strategy, I'm willing to test the waters given the dearth of other decent options out there right now. RSI's average trade result is almost exactly +2.0% which is solid for this system. Plus, >2x the average SPY daily return is nothing to sneeze at either. You'd also have to go back to April to find a trade of this type that took longer than 3 days to close (12 in a row closed in 3 days or less and 75% of those were 1 day trades). Lot 1 entry price - 13.90 Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit. As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
Today was rather uneventful largely due to really ugly price action, but also cause of PMI news at 3:45pm. That time is actually the worst since when I do get a setup I can't really take it cause news will fuck it up. OR, I get a setup the moment news hit, making my setup yet again invalid. I mean I don't really mind tbh, the chance of getting a setup is pretty low, I don't get that many in a month, usually like 1-4. Been a good week, only really had 2 real sessions tho, bit sad. See y'all next week.
With the Solana event coming up this weekend, Ethereum might be preparing for some significant movement. The question is whether we can push north of $3,440. At the moment, it seems likely, as the temperature indicator is showing a low value (-50), suggesting we’re still early in the cycle. The levels highlighted by the Mesh and the green Nostra extensions present excellent buying opportunities for those looking to enter the market before potential upward momentum kicks in. Let’s see how the weekend unfolds!
XAUUSD Closing my sell orders at 130 pips profit at weekly candle closing. As discussed throughout my yesterday's and Today's commentary. I have engaged selling order at 2782 and my optimal Target was 2768 and in extension 2763 as i closed my first attempt at 2774 Also i have closed my re-sell order ($2783-2782) on a fine 70 pips at 2774.
Companies spent significantly more lobbying AI issues at the U.S. federal level last year compared to 2023 amid regulatory uncertainty. According to data compiled by OpenSecrets, 648 companies spent on AI lobbying in 2024 versus 458 in 2023, representing a 141% year-over-year increase. Companies like Microsoft supported legislation such as the CREATE AI Act, which […] © 2024 TechCrunch. All rights reserved. For personal use only.
Almost all of Rockstar’s PC catalog is currently on sale right on Steam. That includes games like Red Dead Redemption II, Grand Theft Auto V, Bully, and many more. Read more...
the hype is over.. this is another memecoin that wont see ath again. the false hope was elon promoting this coin but it never happened.. now that dogegov is here what the cause for this price to go higher?
I've been saying this for some time like a broken record. MSTR is full of hot air and it will pop. Let's see the real downward channel and it will find it's home at the support line, which means there's a lot more gravity here! No one will rescue you, all you need to do is turn this frown upside down and bet on MSTZ. She is a darling and looking for some good-old fashioned TLC! She cooks, cleans, and folds the sweaters like Macy's, what's not to like? Use SMA10 on the 30min chart so you can see what I see....nice upsde! Safe trading and always do your own due diligence!
I think the correction has started. The likely target is 5930-5907.