Stocks, Commodities, and Crypto. What's going on? Today I will be sharing 4 charts that I think are relevant to the current conditions we are going through. Number one is the Bitcoin chart , representing the crypto sphere. In the same way as Ethereum, I think the optimal situation to start thinking on bullish opportunities is if we observe the price reaching...
Trade idea on NVDA. This is an update on a setup I'm interested in trading if everything gets aligned with the current filter I'm using. In the current context, we can see that the price has been on consolidation for the last 107 days, with a drawdown of 40%. So, based on that context, I looked for similar scenarios in the past using the logarithmic chart, and...
Using the logarithmic chart, I realized that all the corrections on ETH have a common pattern: the double bottom before starting a new bullish movement. That's why I want to observe a bearish movement towards the support zone at 1800.00 If that happens, I will assume that the price has reached the main target of the...
Boeing is one of the biggest airplane manufacturers in the world. Alongside producing other technologies regarding the aerospace industry. * Since 2019, Boeing has been going through tough periods and a clear bearish trend that reached an 80% decline in march 2020. * Since there the price has been moving up, and after the breakout of the descending trendline, we...
A few days ago, I developed bearish setups on the index, and my setup was closed on break-even, which means that the price moved in my expected direction, and I decided to protect my setup by moving my stop loss to the entry-level. After the reversals we observed on Thursday and Friday, the price reached my entry level, and the setup was closed on 0 From here,...
Today I will update my view on ARKK from the previous post I made. I found it super interesting to see how one of the most renowned assets in the post-pandemic era has erased ALL its gains from the beginning of the bear market back in February 2020 until now. From a logarithmic perspective, we can see that the current decline is the deepest one and almost...
Today I will explain step by step the process I use to develop setups. This is how my strategy works. And this can be applied to any asset and using any technical tools. This is as close as I can get to using an empiric approach to define my trading opportunities. Let's start. My trading strategy is composed of 4 steps: 1) Whats the context of the price? ...
XAUUSD is one of my favorite assets to trade alongside S&P500, Crude oil, and BTC. I'm interested in the current zone because we are on the upper level of the range where the price has been moving since May 2021. It's from this type of situation where we tend to observe reversal movements or breakouts of the level for further bullish movements. The filters...
Richard Wykoff developed an interesting concept where he asked a series of questions before developing setups. For example, if the price was falling and he was interested in developing bullish setups, he would ask himself a question "Has the price reached the main target of the bearish movement yet? If the answer was NO, he avoided trading until the price made...
The first thing to say is, "I'm faaaar away from developing a setup right now on PYPL; when things are melting, trying to find a bottom is a really unprofitable business (or at least for me). So that's why I use relevant supports/resistances or trendlines as main levels before thinking about developing new setups. In this case, the first trading opportunity I...
Today, we will look at Master Card, a key name in the information & technology sector, with a market cap of 375B. As a comparative thing, VISA has a market cap of 484B So, what are the main technical elements we can observe here? 1) The price has been inside a massive daily correction of 275 days, and a few weeks ago, we observed the breakout of it. 2) ...
ROKU is down 70% from the previous "ATH" and is below a clear descending trendline; I'm really interested in this kind of name to look for opportunities in case a new bull run comes. My main thesis to support the idea that a new bull run may come is on the logarithmic chart. As you can see, these big drops have already...
Today we will look at the current situation on ARKK. Technical Elements: -The price has reached the lower zone of the cloned channel. -Inside the descending channel, we can observe a descending trendline. The main element I want to highlight here is that the price had reached a significant target for the bearish movement. Can the price keep falling? Of...
Today we will take a look at S&P500 Futures . In the last weeks, I have been following the index looking both for bullish and bearish opportunities. On Friday, I saw the breakout of the current correction, which continued on Sunday/Monday. That was one of the main things I was looking for before setting orders. Now I can define my last filer. IF the price makes a...
Hello everyone: Today, I will update the new price movements on the US500 chart + Update the setups I'm looking for. The charts you can use are US500 / ES! / SPX (in case you are interested in understanding the index.) Ok, so let's go to the trading plan: Based on past scenarios, I'm interested in developing setups in two situations/scenarios. Bullish...
Today we will go through a simple trading lesson, but an effective one. The example I will be using today in terms of timeframes is mainly focused on Swing Traders; however, these principles remain valid for any timeframe because of the fractal characteristic of the market. Also, this will be a bullish example, but the same principles apply to bearish examples. ...
Today we will take a look at XAUUSD. I really like this asset to trade because of the consistent trends it provides, which are great for swing traders. When you are executing a swing strategy , the main thing is avoiding choppy conditions and increasing the odds of developing setups on situations where you may observe clean trends from point A to point B. In...
Today, we will look at the current sideway movement that started in MAY 2021 on ETH and in the cryptocurrency sector as a whole. I think the cyclical characteristic of these assets such as ETH and BTC will continue (nobody knows exactly when the beginning or end of these massive bullish and bearish cycles is exactly; however, we can get ready in some ways) ...