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Looks like a dead cat bounce... I thought rebound would be max 1.1750 / 1.1800 ! cf my precedent post. Right shoulder confirmed if EURUSD stays below 1.1885. Wait and see... CM

You are crazier than I thought! The funny thing is that eventually MCD can be a good short now, or at least a take profit, and you are bull ?! Crazy CM

Right, we are monkeys, trying to duplicate and understand why someone bought or sell is a good approach. "Why them and not me?" is the best catalyst. This is where you are wrong. Trading is not tennis, golf or poker. Except for the Turtles in the 70's, could you give me an example of...

You are ready to find your way. You know you don't know. Humility is KEY. This is the first step for successful trading. Mentors were useful 20/30 years ago. Because information was not free at that time, you needed to learn informal rules, people to work with / avoid, etc. Today? Nope. The best...

Interesting thread. Indeed, you are right, except acts of God (Fukushima for instance), before any crisis, charts give lots of alerts. This is 100% true for any stocks because insiders always buy / sell before the news. I will recommend you to look at Bollinger Bands and volumes (rather than...

I agree 95%, never fight an uptrend. But there is the exception that confirms the rule. This is the case here : round number. If there is a gap, and a round number is tested unsuccessfully (here 120 dollars), this is tradable with a stop loss above the test of the round number (120.71 dollars...

Please people here. Let Hajimadow continue to write his non-sense calls. Muffhands, SoesWasBetter, you need to understand Hajimadow is a replication of the average investor. When you read him, you know what the majority thinks : short overbought stocks, buy ugly stocks... Frankly, I discovered...

Sorry but there is zero double bottom at 1.1570. Neither there is a support until 1.12/1.13. Keep in mind the big picture : H&S. Long dollar until 1.12/1.13. Maybe a last rebound / dead cat bounce @1.1750 / 1.18 before the plunge? CM

Remember Oct '14 Same story No vol, no clouds All time highs S&P -10% in less than 3 weeks CM

Are you a day trader or a swing trader? If you are a day trader, of course you already know you should think of partial profits along the day. The problem is if you are a swing trader : you may want to follow the trend too long. Best advice : be disciplined. When you are close to your targets...

Lol I don't know when it will reverse but sure @187 dollars this is not a BUY. No crystal ball, only EXPERIENCE and EDGE. CM

Seriously ? Bullish momentum ? with a negative divergence? I wrote 1 year ago BABA was a strong buy @ 87 dollars. At that time, everyone wanted to dump the stock. And now, after +110%, perfect time to take profits and everyone wants to buy? Interesting...

Hello Heavenskrow Momentum is too negative for a "huge" bounce. Of course, we should expect a dead cat bounce @300 dollars, maybe 310 dollars? But this is downtrend, and the stock will fall again. Expect 250 / 270 dollars after 300 dollars :( CM

Don't focus on highs or lows. Focus on trendlines. You should vizualize them immediatly. Draw lines, draw lines, draw graph of 1929' crisis, 1987' crisis, 2007, 2015... History repeats, trendlines were, are, will be valid. You can read Vic Sperandeo' Methods of a Wall Street Master. CM

Lots of "virtual" millionnaires with Bitcoin. Same story with Subprimes, Madoff, Tulip bulbs, etc. Bitcoin = Ponzi scheme CM

"Go" just means odds are in your favor. Of course you play an uncertain game. But you must be confident about your edge / process, and always apply your methodology with discipline. For example, if you get 10 Go, maybe 5 would be flat, 1 negative, 3 positive and 1 super positive. And if you...

Yes, practice, practice, practice. Imagine you are a surfer, markets seas and swings waves. When you watch the sea, can you expect the next wave? Of course not Do you know exactly which way you will ride the wave? Of course not. Can you expect a shark or a killing wave? Of course not You expect...

Rin4et, you are asking yourself the good questions. You are on the right track for successful trading! Basically, there are two successful ways : 1 Bottom up approach You focus on a short list of names / futures / assets you master. 2 Top down approach You look at everything, score and trade...

Hello TDT, Obviously, AUD begins to fall against major currencies. Warning if USDAUD breaks above 1.3000. Target 1.3500, even 1.4000. CZK is over-overbought. So be ready to take profits at any time if it is over-over-overbought :). For example USDCZK @ 20 should be a great target :). Hope it...

Buy support, sell resistance If you understand this truism, you 'll be well ahead of the crowd. It is funny that 95% don't or can't understand this truth. What does it imply? If you first leg is a real breakout (high volumes, high interest), of course there ain't resistance on a short term...