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Daily Discussion Thread [December 21, 2021]

Find all analysis from the HoleyProfit team here https://holeyprofit.com/forum --- MUST READ IF CONSIDERING ANALYSIS/SIGNALS POSTED Understanding Trading Signals (essential) Understanding Trading Signals: Risk:Reward and Win Rates – HoleyProfit.com Understanding Trading Signals: Sizing Positions – HoleyProfit.com Understanding Trading Signals: The Round Trip – HoleyProfit.com ​ Market Tendencies (Essential) Market Tendencies: Looking for Edges – HoleyProfit.com Understanding Market Tendencies: Creating betting edges – HoleyProfit.com Understanding Market Tendencies: Inflection Points – HoleyProfit.com Understanding Market Tendencies: True Inflect – HoleyProfit.com ​ Find other useful training materials here Training and Education Posts Listed by Category : HPedu (reddit.com) ​ Discuss your own trading ideas/ positions here. Ask questions and chat with fellow members. Be nice to each other. The people posting analysis from the u/HoleyProfit profile are rarely the pe

JP Morgan may come under pressure soon.

We've been tracking JP for a while. Looking to see if bears can take control of the market. I'm not sure if we've forgotten to post analysis on this or if I just can not find it, but it's another to add to the list of sketchy looking banks. ​ We'll start with a bit of hindsight (Which I try to avoid to the extent it is possible but IDK if we posted this in real time or not) Butterfly pattern: https://preview.redd.it/4aoelwjsss681.png?width=1920&format=png&auto=webp&s=71c81869fcdd196cb46337ed654de77fe6e25a51 Resources (Look for Butterfly ): Resources Compilation: Harmonic Patterns - HoleyProfit.com ​ 76 retracement: https://preview.redd.it/zvzmd3hbts681.png?width=1919&format=png&auto=webp&s=8b47839c5208b29930e0c67ff80c8979ac838aa1 Resources (See: The public trap ): Typical stages of a market break. : BeatTheBear (reddit.com) (See: 76 Retracements ) Useful things to know in a market break : thetagang (reddit.com) (See: Bear Market R

The parable of the two coins

To understand this story you need to have an approximate understanding of the size of UK coins. So here's a picture. The thing to notice here is the "One pound" coin is of the highest value, but it's smaller than the 50 and 10 pence ones. On with the story. ​ https://preview.redd.it/03i21u6yrr681.png?width=711&format=png&auto=webp&s=ab6deca53e822c5090c6100fa56cf0e4479912c8 So, there's this young kid. He's 9 years old. His name is Alex. There's another group of older kids. We won't name all of them but the ring leader is a guy called Jeff. Jeff and his friends like to tease Alex. They're kinda mean to him. One of the tricks Jeff and his friend like to play on Alex is to offer him a 10p coin or a £1 coin. Alex always picks the big 10p coin - and Jeff and his friends laugh at Alex and make jokes about the dumb kid. One day another older boy (Who is not part of the bullying group) pulls Alex aside. He says; "I don't get it

Thetagang are deleting my hedging strategy posts and banned me

Been using this to warn of the risk of a gap down and falling market late into last week. Market opens this week, falls and then this post is deleted. ​ I have a strong suspicion that you are using multiple accounts to try and direct traffic to your own subreddit. I have referred this to reddit admins for review. 7 day ban. ​ https://preview.redd.it/bfap0g545n681.png?width=1551&format=png&auto=webp&s=fe4d64926637b5dd000a0b0d6554206ac33e63d4 via reddit https://ift.tt/3JgnIDd

SPX down in Asia

After breaking the 76 and putting in a small retracement (Shorting opportunity) SPX has broken in the open and is now trading down very close to the 127 fib. ​ This is an example of the propensity for the 76 level to be an inflection point in the near term trend. Read more about this here. https://preview.redd.it/vv33mrbsul681.png?width=1919&format=png&auto=webp&s=af3776067567d901ab887ae644a9d2d36cc6bd1a Next we're looking at the 161 as our big break level. 127 is also a hold/break level but not one I use too much. A bounce from the 127 before a further move lower would not be uncommon and it's another place I'd short into a rally with stops above the previous high. via reddit https://ift.tt/3FcYlQ9

In the air tonight: Phil Collins

I can feel it coming in the air tonight, oh Lord I've been waiting for this moment for all my life, oh Lord Can you feel it coming in the air tonight? Oh Lord, oh Lord Well, if you told me you were drowning I would not lend a hand I've seen your face before, my friend But I don't know if you know who I am Well, I was there and I saw what you did I saw it with my own two eyes So you can wipe off the grin, I know where you've been It's all been a pack of lies I can feel it coming in the air tonight, oh Lord I've been waiting for this moment for all my life, oh Lord Can you feel it coming in the air tonight? Oh Lord I've been waiting for this moment for all my life, oh Lord, oh Lord Well I remember, I remember don't worry How could I ever forget? It's the first time The last time we ever met But I know the reason Why you keep your silence up No, you don't fool me The hurt doesn't show, but the pain still grows It's no

Daily Discussion Thread [December 19, 2021]

Find all analysis from the HoleyProfit team here https://holeyprofit.com/forum --- MUST READ IF CONSIDERING ANALYSIS/SIGNALS POSTED Understanding Trading Signals (essential) Understanding Trading Signals: Risk:Reward and Win Rates – HoleyProfit.com Understanding Trading Signals: Sizing Positions – HoleyProfit.com Understanding Trading Signals: The Round Trip – HoleyProfit.com ​ Market Tendencies (Essential) Market Tendencies: Looking for Edges – HoleyProfit.com Understanding Market Tendencies: Creating betting edges – HoleyProfit.com Understanding Market Tendencies: Inflection Points – HoleyProfit.com Understanding Market Tendencies: True Inflect – HoleyProfit.com ​ Find other useful training materials here Training and Education Posts Listed by Category : HPedu (reddit.com) ​ Discuss your own trading ideas/ positions here. Ask questions and chat with fellow members. Be nice to each other. The people posting analysis from the u/HoleyProfit profile are rarely the pe

Passive investing: Is it "Too good to be true"?

The narrative of passive investing is anyone can become financially independent, having no knowledge of the markets, making no effort and this has very little risk. ​ Is this notion too good to be true? ​ Granted, it will do well in a bull market. No one disputes blindly betting on a trend will work out if that trend continues. But what if people rush into a trend too late? There are still people sitting with boxes and boxes of "Fidget spinners" thinking that would last forever. But by the the time they knew about the trend, it was close to the end. Back tested through history this is a strategy that has usually worked after there's been a strong down market. The rally of the last 50 yrs coming off a 20 yr flat/bear market. But this idea anyone can make money in stocks is usually one that build up slowly and over a long time - and typically becomes publicly popular during the "Mania" phase at the end of a trend. This idea of easy passive money is a very m

Time: Pink Floyd

Ticking away the moments that make up a dull day Fritter and waste the hours in an offhand way Kicking around on a piece of ground in your hometown Waiting for someone or something to show you the way Tired of lying in the sunshine, staying home to watch the rain You are young and life is long, and there is time to kill today And then one day you find ten years have got behind you No one told you when to run, you missed the starting gun And you run, and you run to catch up with the sun but it's sinking Racing around to come up behind you again The sun is the same in a relative way but you're older Shorter of breath and one day closer to death Every year is getting shorter, never seem to find the time Plans that either come to naught or half a page of scribbled lines Hanging on in quiet desperation is the English way The time is gone, the song is over, thought I'd something more to say Home, home again I like to be here when I can And when I come home cold

You can follow us on Facebook

If you use it. I don't use it much. Will maybe be something we use a bit more if I get someone else to run the day to day of it (I can't be arsed with FB). But if the market does start to crash, the next step in the plan is to raise more awareness by using paid ads to reach more people. All it's flaws aside, FB is a good avenue to do this. So we need a FB page. https://www.facebook.com/HoleyProfit-107015568430438 ​ Give us a like, if you want. Would help a bit (If not, no dramas I can cover that with paid ads too). via reddit https://ift.tt/3J5Jh9p

BTC stop moved to even

From this entry Adding to BTC short: I think the trade is close : BeatTheBear (reddit.com) https://preview.redd.it/indw7ry0nj681.png?width=1920&format=png&auto=webp&s=b5ef38cc2a1c23520b981845ab18cef3cb24d143 We've rejected off the resistance and made a big stop run. Trading always tends to be easier after the market kicks out the weaker hands. Which I think maybe happened here. I often refer to these spikes as "Big FUs". "FU" stands for "Failed Up". https://preview.redd.it/g9h2wglanj681.png?width=1920&format=png&auto=webp&s=206a1d2cc1126a451d6f2c1466ba8bc3a288498a via reddit https://ift.tt/325OCgi

Adding to BTC short: I think the trade is close

Shorting 47,700 Stops 48,700 and 50,600 Target 33,600 https://preview.redd.it/ruy8mt2y7f681.png?width=1916&format=png&auto=webp&s=67c72531e46b94391cb96e8873fbf397d0379907 If there's going to be BTC bears I don't think it will be much longer. We're close to a decision one way or the other. via reddit https://ift.tt/3yE9ZB9

Economic Theory and Asset Bubbles: Gadi Barlevy. Federal Reserve Bank of Chicago; National Bureau of Economic Research

Posted: 11 Sep 2007 Economic Theory and Asset Bubbles by Gadi Barlevy :: SSRN ​ https://preview.redd.it/bakij9fvzd681.png?width=1687&format=png&auto=webp&s=d71da9b82c69880e3342f8a0335eb833f30ce17e Follow link for full. Here's some sections; (I added in any of these bits) ​ In the late 1990s, there was a dramatic run-up in the stock prices of various publicly traded U.S. firms, particularly those specializing in information technology and its applications. A similar run-up occurred in housing prices in the early 2000s. These episodes have often been cited by pundits as examples of “asset price bubbles.” Implicit in this description is the notion that the rapid growth in the prices of the assets in question over such a short period suggests these assets were overvalued and thus at risk of a “correction,” or a sharp fall in price. The slowdown in the growth of housing prices starting in the summer of 2006 has been offered by some as evidence of the beginning of a

But you'll never take our freedom!

Someone made the Braveheart speech into a doge meme. I think doge will continue to drop (I'd hope not, I like the doge community) but I'm Scottish and really liked the meme. ...aye : dogecoin (reddit.com) ​ Original speech. https://www.youtube.com/watch?v=G4Ym9zokSZo I remember when I was a little boy I used to set up the chessboard and have have them all jumping about re-enacting this speech. I knew it word for world. A bit older now. Not as patriotic. Still a nice speech. And I still like chess. via reddit https://ift.tt/3mf07Zm

What crypto/block chain projects would do well if there was no speculation?

See first: Why a solid bear market could be long-term beneficial to crypto : BeatTheBear (reddit.com) ​ If in a few yrs time, we're down hard in the overall market. There's no more billboards. No more T-Shirts. Celebs are not pumping things. Market mania gives way to market despair. There's no longer a speculative boom going on in crypto ... What would have a value outside of the value of speculation? ​ What would survive a real bear? Why a solid bear market could be long-term beneficial to crypto : BeatTheBear (reddit.com) via reddit https://ift.tt/3e4W7Xe

I've been most impressed with the doge communities reaction to a bear

During the bear market the mods at the doge community have not blocked people from posting different opinions. ​ They've not blocked people from posting concerns they have. When people post concerns they are not mocked by the community. People are not shamed saying they've exited. There's been no censorship to enforce a bull only narrative ​ These are all things I seen many of the finance related subs fail in during March 2020. They shut down comments and entirely blocked out any discussion of how to protect from averse market conditions. The doge mods have shown themselves to have more integrity, in my eyes. It'll be interesting to see what happens sub wide if the stocks start to slide. via reddit https://ift.tt/3FbDZGO

Weekend Sentiment on major US indices in the week ahead [December 18, 2021]

A weekly recurring poll of broad market sentiment and expectations in the week ahead. ​ Please also feel welcome to provide comments supporting your vote. It will be really interesting to see how the price moves and world events along a timeline influence the general sentiment and how this changes as we make new highs/lows and perhaps as more people come. ​ Voting runs for one day. Starting from now. View Poll via reddit https://ift.tt/3F9I0vD

Finally, SPX stops to 4652

Carrying some SPX exposure into the weekend. https://preview.redd.it/77l29r8q55681.png?width=1916&format=png&auto=webp&s=fce5b7a91f871185d13a8ff6ac9d800f2ab7d39d That's the end of the profit locking for the week. I'll apply trailing stops to follow price action and be out most of my shorts into the end of the week. Carrying swings. Some shorter term ones. All my short calls / most of my long puts. I think a bearish open to the week is possible, but one way or the other I'll re-position into that at the time. Might be lucky and get a rally. Improve cost basis. via reddit https://ift.tt/3p5clG3

Losing streak ended

Kinda. That SPX spike out really fucked me up in indices. I won in stocks this week and lost in futures, which is very rare. Usually a moving market suits me more than the gapping one. See more on that here Weird day. Let's look at some different stuff. : BeatTheBear (reddit.com) ​ Previously Losing streak update : BeatTheBear (reddit.com) ​ Indices: Indices optimised for return Forex Trading System by Forex Trader HoleyProfit (myfxbook.com) https://preview.redd.it/b2a498am75681.png?width=1573&format=png&auto=webp&s=8665170222fb2eac482cda01d441fb62e8a118ec Stocks: Stocks: Optimised for return Forex Trading System by Forex Trader HoleyProfit (myfxbook.com) Floating up about 6% on this. Stops lock in about 4% https://preview.redd.it/cwwxbrfq75681.png?width=1547&format=png&auto=webp&s=9bf9806ef6b22b500209bab1b3c430da52f9f4f7 via reddit https://ift.tt/3e4D9Qe

ARKK downtrend progression. Then and now.

Backlog: ARKK at 127 ARK possible stages of downtrend : HoleyProfit (reddit.com) And ARKK second fall underway? : BeatTheBear (reddit.com) ​ ARKK now. https://preview.redd.it/2dlob6e0i1681.png?width=1691&format=png&auto=webp&s=f52b7ac91bdefd74ae76ad88c8f85e51e926a993 ​ https://preview.redd.it/8j4ljxt1i1681.png?width=1669&format=png&auto=webp&s=5e943b39c42fb3d7f0f82ef53ee46d4efd345865 Template in OP https://preview.redd.it/07ugvh23i1681.png?width=1739&format=png&auto=webp&s=d6bbcb937216d6fddd76bb452951a8aadcc1855d Old man Elliot. Dude might have had a point. But what if Elliot was right? What if Elliot was right? : BeatTheBear (reddit.com) via reddit https://ift.tt/3yyd05Z

March 2020 top vrs today's price action

March 2020 https://preview.redd.it/mw45wpkq50681.png?width=1920&format=png&auto=webp&s=f1cc88fd33de310181e863aea2950137632b7b27 Now https://preview.redd.it/bst5j0ou50681.png?width=1920&format=png&auto=webp&s=6c2d71a2c1804c3cf4b17f2a892baa19c1e3861a ​ March 2020 https://preview.redd.it/ysn6ttb140681.png?width=1920&format=png&auto=webp&s=b3a3674358d08edb8ee188fae6b9313ea3172855 Now https://preview.redd.it/e6h8autc40681.png?width=1919&format=png&auto=webp&s=da4e23e9ec795b92da231152f6752fa970d86f32 March https://preview.redd.it/b2wlqnms40681.png?width=1920&format=png&auto=webp&s=8e7374f1633849aeeeeb8574816935030f8b6019 Now https://preview.redd.it/qj0bb8yo40681.png?width=1920&format=png&auto=webp&s=a7249925665d34cff4da5f0fb4cd51a625e2f508 March https://preview.redd.it/l8fmqmxy40681.png?width=1920&format=png&auto=webp&s=7e55fabbf79fb3931250e82e2ae93ee6edb09d6c Now https://preview.redd.it/88qd

How expanding 161 breakout trade would have performed in March 2020

See first: Expanding 161 fibs from a topping swing : BeatTheBear (reddit.com) ​ ​ https://preview.redd.it/kbsm9f6o10681.png?width=1920&format=png&auto=webp&s=01bb78fdc88da4d5c88e87fee54cd24458ff03d8 ​ https://preview.redd.it/bpxpmqwt10681.png?width=1920&format=png&auto=webp&s=6059c6f070de84a74327f92e5f08ab98b972cac5 ​ https://preview.redd.it/gvrv95nx10681.png?width=1920&format=png&auto=webp&s=1ac80db51f8de30c0b5f15115e86c0a8f77ca773 ​ https://preview.redd.it/jze5m8j220681.png?width=1920&format=png&auto=webp&s=4efdeea5de41d0316240ce198968b0d2e773248a And then the breakout fails to continue. Crash cancelled. JPOW uses this swing. https://preview.redd.it/it1ogyd720681.png?width=1916&format=png&auto=webp&s=ddabd808bb92ad81944d6cece176fcc9cba1e7ce Three false signals form if using the 161 breakout strategy. The three common retracement levels (You'd not be short the full move. Only on three main levels) https://pr

BoE have raised interest rates.

Bank of England just upped the interest rate. Interest rates rise for first time in three years - BBC News ​ This has come as the FTSE fights the 161 Understanding Market Bubbles: The 161 Top Tendency - HoleyProfit.com https://preview.redd.it/j7p49a4fzy581.png?width=1695&format=png&auto=webp&s=3ba2ed4b568eac2e539abb82c5df253801f883a8 I wonder if this is more coincidental fundies signals complimenting TA signals that could be seen far in advance. I wonder if there's news coming ... : BeatTheBear (reddit.com) via reddit https://ift.tt/3E0q6d5

TSLA getting legitimate sketchy!

Backlog - If TSLA was a bubble ... : BeatTheBear (reddit.com) (Early and upper levels needed remapped, which was flagged as possible in the OP) Unpopular forecasts: TSLA bubble ready to pop around 1,090. : BeatTheBear (reddit.com) Forecast of a high being due 1,100. Tiny bit early. TSLA price action review : BeatTheBear (reddit.com) TSLA starts to follow downtrend pattern. TSLA modelling intensifies : BeatTheBear (reddit.com) And continues. TSLA modelling continues : BeatTheBear (reddit.com) And continues. TSLA breaks 1,000 : BeatTheBear (reddit.com) And holds the 1,000 break. ​ And continues to follow the Elliot pattern. Basic bearish Elliot wave structure for SP:SPX by holeyprofit — TradingView https://preview.redd.it/21nl50sjwy581.png?width=1918&format=png&auto=webp&s=f8d174c64fb5d14acd7de5cff1fc566d719734d6 ​ https://preview.redd.it/vsr7zrxmwy581.png?width=1634&format=png&auto=webp&s=30f5c76a8df4491c05d3f43e16a0a603fc388546 via reddit ht

Why timing is harder than price levels

I get asked a lot about timeframes. Here's a copy/paste of a recent answer. I get timeframes wrong more often than I get them right, so I tend not to give them now while I am working on improving upon the things I notice that throw it off. The issue I have is ranges and retracements. I find it hard to define how long these would be expected to last. I'll give you some examples: A move like this I could make some sort of estimate how many candles it would typically take and from the timeframe used add up the expected time of the move. https://imgur.com/a/tCHxXtm https://preview.redd.it/h1lwcyx1ay581.png?width=1920&format=png&auto=webp&s=18e6332ae5393c5c1cd72b15a551edd7048fc2cf But if this happens the market has the same overall outcome with my timeframe being entirely wrong. https://imgur.com/a/wdb9Q8s https://preview.redd.it/qszz1pa3ay581.png?width=1920&format=png&auto=webp&s=7549ebe963bfb03182ce80ba486f7497034b797d This type of move making the

TSLA reaction to the 161

Context: Understanding Market Bubbles: The 161 Top Tendency - HoleyProfit.com https://preview.redd.it/jt23jcqybt581.png?width=1911&format=png&auto=webp&s=9f7037ab781ddb3bcd07157859a3053e84f60932 Was our 161 our rush of euphoria? Understanding Market Bubbles: Public Perception in Stages of an Economic Bubble - HoleyProfit.com via reddit https://ift.tt/33zMxJO

How well do you think investors understand risk of interest rate hikes?

​ https://preview.redd.it/mbq2rtdp1t581.png?width=940&format=png&auto=webp&s=8911ed17719541dc227ee73a32b4e5424a945b64 This increase of inflation is also the first warning Dalio gives in his template of an economic depression starting. How The Economic Machine Works by Ray Dalio - YouTube How many people do you think understand the concepts Dalio is putting forward and why it's dangerous to extrapolate the last 10 yrs onto the next 10? via reddit https://ift.tt/3oYzNVd

Increasing EURUSD short target

Original short target was about 90 pips down where I expected to see a sharp rally. Today we've seen a sharp rally, if we drop again we might go through the level I was first targeting. A breaking of that level could be a big move so expanding target on shorts to 1.10941 EURUSD may be set to make an important break. https://preview.redd.it/y2kok6lots581.png?width=1913&format=png&auto=webp&s=4a87aafd85046fabae9a299d4eb1b0aa48482c8f Caution to the shorts: The rally we had in the SPX today was similar to this setup before it. If we reject the break of the 161 a massive move up can follow. If we break this 161, the butterfly has failed. If we go on the break the 220 the EURUSD might become a massive bear into the next rally. via reddit https://ift.tt/3sbnU0e

TSLA breaks 1,000

Continues to follow template TSLA modelling continues : BeatTheBear (reddit.com) https://preview.redd.it/inpe5mh0hq581.png?width=1919&format=png&auto=webp&s=1499eac4570ce3e02c11cc7dcd333637d5104d0d via reddit https://ift.tt/3dQDJBc

Micro build day 2

Follow journal for specific entries/exits, position size and risk per position. Micro Build Journal – Page 3 – Journals – HoleyProfit.com Forum ​ Main two profitable trades in the EURUSD. Collected 50 pips twice on 0.01 lots. Essentially doubling up on my starting balance. Some nominal stop outs after that. https://preview.redd.it/7gqgwxioiq581.png?width=1550&format=png&auto=webp&s=c4146b3e889dc5ab3ac7c037957b90d1aab39c87 Net results https://preview.redd.it/l7c9o86yiq581.png?width=1539&format=png&auto=webp&s=faf0618f3e67362b96e2638023c36619241b0cda Main position is currently short SPX. I've moved the stop loss into profit on the largest part of the position and this puts me mostly risk off in the event of a rally. https://preview.redd.it/bmvqy3y9jq581.png?width=1920&format=png&auto=webp&s=aa0d7cfab0b90ffae4252d0eed4aecc11d0b2227 Net position https://preview.redd.it/ug3la6iejq581.png?width=1672&format=png&auto=webp&s=cfd360c9

Can't stop coke

Persistently rallying into the broad down market. Interested to see what happens if this produces a butterfly spike high. Might target a short after. For now, just interested it's rallying against the market. https://preview.redd.it/ws9mi8cnjq581.png?width=1919&format=png&auto=webp&s=4df1d07af95a18376c3924fe399cc99a2103a6bc via reddit https://ift.tt/30uI3mt

Charting closed trades on Myfxbook

We changed the rules about a bit for the account build challenge. Decreasing starting equity, increasing leverage and some other stuff. This will be the account. https://www.myfxbook.com/members/HoleyProfit/small-account-build/9338433 ​ I wanted to show you an interesting thing that Myfxbook does with Forex trades. ​ Under the "Brower tab" (About mid page) you see the Forex trades made charted onto candle charts. https://preview.redd.it/ly64mgm9ql581.png?width=1537&format=png&auto=webp&s=6ca4f278c956ca412cb5c6c7d9e94fe47b19ddbd And should be able to see the patterns being traded, which are ones we're trading all the time on various things. https://preview.redd.it/rguxmbpeql581.png?width=1537&format=png&auto=webp&s=605c9d822b5d824727332e414b01b8675a594dec Here an exit signal and a buy trigger when there's a range and the market is so far unable to break under the 161 of that range. https://preview.redd.it/4hxccqvjql581.png?width=1537&a

Micro build challenge updates

We started this again today. Some new terms etc. Will write these up later but you can see entries in trades here. https://holeyprofit.com/community/trading-journals/micro-build-journal ​ Floating positions: https://preview.redd.it/pp5tsfo52l581.png?width=1690&format=png&auto=webp&s=787b829fc2b806f21ea32f07f65b11bb5e72a6bf Closed trades: https://preview.redd.it/ysodx2ae2l581.png?width=1698&format=png&auto=webp&s=8494b53c7992e6d2414b4d5e26f9b1555b59bff4 +$5 profit. Had a pending order to short doge at a bit over 0.15 cent but cancelled it - which went well. via reddit https://ift.tt/3m7Cjqy

Let's look at the doge signal

It made me a bit sad, tbh, seeing the doge spike because I like a lot of the doge people and I know it's the moves like this that people tend to lose in - it's not the falls. The rallies get them. ​ OP Doge spikes 25% in 76 fib : BeatTheBear (reddit.com) ​ But from an objective and detached point of view, it gives me the chance to explain so many concepts I've been going on about here. So let's roll through them. ​ 1 - Stop losses. I heart them. ​ Get spammed a lot any time a stop loss hits. I assume by non-traders. But here if I was short on this my stop would hit in the blue and that's good as far as I am concerned. This is why I become much less bearish and even switch to bullish sometimes after the market has dropped too hard and too fast. I'd rather take 10 small stops than one of those. ​ 2 - The 161 spike. ​ One early signal and then the 161 makes the topping swing. This is why you'll invariably see me shorting again into this level once

Would rising interest rates affect your asset allocation?

The biggest and strongest index bull markets have transitioned into the biggest and most brutal bear markets upon the switching of loose to tight monetary policy (See Japan 1989 and US 1929). Would this fact affect your capital allocation in the event of the Fed entering into a less accommodative cycle when it comes to supporting the stock market? via reddit https://ift.tt/3EUIxkX

BTC's big 161 breakout trade

For context see: Understanding the 1.61 breakout strategy [Newbie friendly] : HoleyProfit (reddit.com) https://preview.redd.it/k4kp8k93m8581.png?width=1919&format=png&auto=webp&s=5d723b715fd28860ed3dd0357b736feff19da532 This implies next short targets of 35,000 and 30,000. via reddit https://ift.tt/3GJhiud

Collection of sketchy bank setups

BAC BAC bull trap may be starting to form : BeatTheBear (reddit.com) GS The case for the Goldman short remains intact : BeatTheBear (reddit.com) DB Deutsche still looks sketchy : BeatTheBear (reddit.com) CS Credit Suisse bearish elliot waves continue : BeatTheBear (reddit.com) BLK Blackrock still unable to break resistance. : BeatTheBear (reddit.com) via reddit https://ift.tt/31YGuhb

BAC bull trap may be starting to form

First mention: BAC weekly chart possible bull trap formation for NYSE:BAC by holeyprofit — TradingView https://preview.redd.it/rdu0w6qb87581.png?width=1670&format=png&auto=webp&s=4eb8f121f5176346a010074043b27afc01f3a099 This post was made as we headed into the 161 of the last big drop. We have various weekly chart candle reactions on this price level now. https://preview.redd.it/5j5xn1xi87581.png?width=1920&format=png&auto=webp&s=9d748428e1a48d2f6437cb64e9982047af05f0eb Zooming in close we have the same sort of butterfly head-fake formation we tracked on BTC for weeks before the current hard down move in BTC started. https://preview.redd.it/xa81dhiq87581.png?width=1920&format=png&auto=webp&s=841f9ccb4b2b6b54b098ff7ef07f80327d9789bf As shown in the first posting, all of this is happening in around the critical retracement fib levels we're seeing a lot of tops being made in retracements. https://preview.redd.it/6v9jmy8z87581.png?width=1679&

Lots of people talking about inflation rates being at those of 1982

And extrapolating from this how we should be making bets on pretty much anything that can be fit into a narrative of an inflation hedge. Not many people talking about what happened to inflation and interest rates after 1982. But it would imply a very different kind of bet is suitable ... https://preview.redd.it/g9gli61il6581.png?width=778&format=png&auto=webp&s=051981d547c215a7b6596735661c9b3923de3673 via reddit https://ift.tt/3lUShE3

How much leverage do I use?

Recurring question. Decided to give it a proper answer since short answers can be a bit misleading. ​ How leverage works ​ First, the basics. Leverage is very similar to a loan from the broker. If the broker gives me 1:10 leverage what it means is I need to put up 10% of the cost of the trade, the broker puts up the other 90%. The broker will then set my account to auto close my trades if I lose something like 8% - protecting their share of the trade from the risk of my position. This creates the famous double-edged sword of leverage. If my trade gains in value I can be winning at a rate of 10* faster but if the trade goes against me I can lose all the capital I have to back the trade really quickly. Quick money can be made and margin calls can be hit. When you hear of "Liquidations" "Margin calls", this is the broker protecting their portion of the risk. ​ Leverage on account ​ Where things tend to get a bit confused is when people ask me what I leverage

Why a solid bear market could be long-term beneficial to crypto

One of the things that has been most progressive in tech over the last 30 years was the depression style crash in the Nasdaq starting in 2000 and lasting 10 years. There are a lot of good documentaries on the dotcom bubble. Here's one I thought was particularly interesting since it mentions a lot of the superstar names at the time that no-one has ever heard of now. It gives some insight into how the companies were being run and how unproductively capital allocation to tech start-ups and development of the industry was. The solid crash and then following crush/stagnation in the Nasdaq obliterated this frivolously capital allocation. he attitude of buying the dip faded as the market continued to zigzag down over many years. Speculation in tech dropped substantially. The number of IPOs went down drastically. Over the next 5 - 10 years the good companies would build real profitable models and a fundamentally sound bull market began (Then it all got a bit bubbly again recently, if y

Bitcoin may enter bona fide bear soon

See first BTC bubble update : BeatTheBear (reddit.com) We might be about to enter into the real sustained rug pull. https://preview.redd.it/qnbzigvqzy481.png?width=1269&format=png&auto=webp&s=70a342a8fb3ec293fcbc8b8c6c2776020bc13912 ​ https://preview.redd.it/ebk2q3mxzy481.png?width=1920&format=png&auto=webp&s=1405963d5cf742e17d5eafa985fb69cfcba20ece I am cautious until I see the "Dead cat" bounce in and there can be a more obvious one ... but we might also have it. The wick low and little candle may be the dead cat and consolidation. From here the basic lower lows pattern may continue to hold. BTC sell limits filled : BeatTheBear (reddit.com) ---- If this goes again, it's maybe going to be a lot worse than previous ones. via reddit https://ift.tt/3GA9db8

BTC sell limits filled

Posted here BTC retrace complete : BeatTheBear (reddit.com) ​ Orders https://preview.redd.it/l46v3co1uy481.png?width=1917&format=png&auto=webp&s=37c18cc10b0a82aac4090a522b35485b66e4d480 Outcome https://preview.redd.it/8swurgs5uy481.png?width=1920&format=png&auto=webp&s=aedbaebf74b01dc0692b47c941f0974b028c3b24 There are a few different reasons/strategies that pick up these entries but, as I said in the OP, I always think the easiest thing to do here is place my pending short orders where I know the noob gets cuts up thinking a real breakout has been made (I've been that noob enough times to know exactly where those orders go). As highlighted in the OP, that's usually this little area. Bear stops hit and bulls enter there. Often the market reverses on them, and I want my orders in the place it does. https://preview.redd.it/uekknsaguy481.png?width=1919&format=png&auto=webp&s=9e5c23f0bd96caff001d3ea5169d1e0bc632c6d2 via reddit https:

Hi, new followers

If you're following me for trading content it's best to join r/beatthebear - the stuff you'd be looking for is probably posted there and not here. Here's some mega threads that will help you to understand the analysis posted there. A numbers game: A mathematical look at historical crashes [Mega thread] : HoleyProfit (reddit.com) - TA newbies [Mega thread] : HoleyProfit (reddit.com) via reddit https://ift.tt/3GAb1kf

I think crash risk in BTC is significantly high again now

If buyers do not come in soon we're probably seeing the early onset of trend failure over the last days and this will become more obviously apparent in the future. It does not look like a dip. ​ Related posts: https://www.reddit.com/r/BeatTheBear/comments/qsjhpm/i_think_btc_crash_will_start_this_weekend/hkgyeo4 https://www.reddit.com/r/BeatTheBear/comments/r9lnkl/btc_crash_confirmed/ (Of of my longs trades mentioned in this post) via reddit https://ift.tt/3DKg5Rh

Weekend Sentiment on major crypto token in the week ahead [December 11, 2021]

A weekly recurring poll of broad market sentiment and expectations in the week ahead. ​ Please also feel welcome to provide comments supporting your vote. It will be really interesting to see how the price moves and world events along a timeline influence the general sentiment and how this changes as we make new highs/lows and perhaps as more people come. ​ Voting runs for one day. Starting from now. View Poll via reddit https://ift.tt/3oHoQY1

Micro account build

An attempt to flip a tiny account into a notable amount of money. This started as just a fun little thing but it never worked trying various ways to do it. Over time it's developed into fairly complex side-bet between a friend and I. Which we've went back and forth on the terms of and now have an "Interesting bet". ​ Terms: ​ Good for me: ​ I can pick my starting day. Picking today. Waited a while. Today feels right. Can pick any broker. I picked a broker that lets me trade SPX at $0.01 per $1 move in the underlying and only charges me an average spread of $0.40 on the underlying. Can trade any asset available on the account (And I've access to FX and CFDs on various things). ​ Good for them: I am not allowed to drawdown over 35% of starting equity. If I compound, I can not drawdown more than 15%. If I do not compound, I need to cash out 25% for each 200% made (Will probably opt for this one). Leverage is capped to 1:50. I have to journal all tr

BTC retrace complete

Missed my re-enter price on 50K because it did not trade there long and I didn't have in pending orders. Hit targets on my buy hedges. BTC analysis update : BeatTheBear (reddit.com) ​ Move ended up forming in a nice butterfly. Rejected off the 161. https://preview.redd.it/e2xduim3wq481.png?width=1917&format=png&auto=webp&s=3cf9f6c8d60413dda0efe42390d6daa9d1017293 To short here I always like to think where would a newbie short be likely to be spiked out / a newbie bull be likely to think it has reversed. I want to place my pending short orders there. I've highlighted the spot where I think this is. My short orders are just above there. My ideal scenario is a little rally and then the next sell-off. https://preview.redd.it/5akyfvmjwq481.png?width=1917&format=png&auto=webp&s=fe2f34c8e53f62bf5ed150bdf839b0486a663508 Still have some shorts running from original entry level. https://preview.redd.it/m98a4tvowq481.png?width=1920&format=png&auto=w

BTC analysis update

Taking profit on some of my buys around 47,800 area. I think price will continue down but want to lock in profit made so I can reload shorts into a bounce if one comes. Still running my swing positions short. Bounces do not always come, they're just always worth protecting against when trades are doing well. Ideally would be looking for a retest of around 50K to enter again. https://reddit.com/link/rcqn2c/video/7ecw0lz8vk481/player via reddit https://ift.tt/3DFwCWA