NVDA Forms Classic Head‑Shoulders, Target Set at Shoulder Height
$NVDA is a textbook example of the H&S pattern with a target now equal to the height of the H&S projected upwards from the right shoulder high. https://t.co/Fet2aA2lGX
NVDA H&S Failure Signals Bear Trap, 236 Target
A textbook example of the H&S failure is $NVDA. Here an 8-month H&S top was completed briefly on Mar 30 with NO follow through. This was the first point when a bear trap was detected. The target of a H&S...
One Line Suffices; Extra Lines Are Rookie Overkill
Hey aspiring chartists If you need to draw more than one line on a chart to find a trade you are in big trouble One is all that I ever really need for any given trade Anything more is rookie overkill https://t.co/vu4M7wmjMS
Factor Goes Long on Small‑Cap ETFs, Targets Higher Gains
The children have entered the parade. The Factor company account is long in this space. Much higher targets in mind. $SCHA $IWM Stay tuned. Follow the parade here: https://t.co/gDeM5nTRIY https://t.co/6CxE0wC8OT
Embrace Uncertainty: Don't Ignore Possibilities in Charting
Cheds, I never want to ignore a possibility. There are no certainties in charting. And, probability does not apply to individual slices of time. Not an ideal Compound Fulcrum. Let's follow the P&F work. See example of Copper from 50 years...
SMH Downside Targets Using Measured Moves, Not Fib
This is $SMH showing two downside targets I do NOT use Fib and never have I am a Edwards and Magee/Schabacker measured moves guy https://t.co/6LWeuk1wnA
Avoid Fighting the Fed; Focus on Systemic Resets
Personally I think you are right Tom. Never fight the Fed is a good policy. Of course the dominant factor in 2008 was mortgage bubble. Only possibility now would be connected with Dalio's Great Reset and related issues
Gold Likely to Hit Multi-Year Low, 75% Chance
Hey @PeterSchiff I am giving it a 75% probability that this week's low or maybe slightly lower will be the low for Gold for years to come https://t.co/tXbWvueWh7
Most Aspiring Traders Fail; Trade Real Futures Instead
OK, let me say it... 95% of you who think you will become this successful active trader driving a Lambo, drinking fine bourbon, taking pics with blonds on a private jet... ...will absolutely fail My advice to you -- PLEASE trade real futures...
Bitcoin Follows Classic Charting Rules Better than Most Markets
Note to cryptomaniacs I find it amusing when I read on X chatter that charting does not work on an asset like Bitcoin.🤣 Actually, Bitcoin obeys the rules of classical charting (Schabacker, Edwards/Magee) better than most markets What you think does not matter...
Limit Trades to Three Per Market, Trust Weekly Charts
Trading frequency - a commentary from a five decade veteran I follow about 40 global futures markets I enter each year figuring that I might three good signals in a given market over the course of 12 months -- maybe four. That's...
Profit Comes From Price Action, Not Fundamental Analysis
Fundamental analysis -- this is what I think You don't get any profit from fundamental analysis. You get profit from buying and selling. So, why pretend with the appearance when you can go right to the reality of price and analyze...
Silver's Head Shot Hints at Deeper Weakness
The price bar in Silver today is something I call a "head shot." Head shots are often a sign of volume overcoming demand and suggestive of further weakness. I am looking for a tradable bottom in the support zone (yellow) $SI_V...
Gold & Silver ETFs Bought Amid Low Overnight Market
Note to those who follow me who are not trolls The overnight markets were not nearly as volatile as many markets I have endured over the years Not tame -- but not roaring lions either Gold and Silver etfs were buys last night...
Buy Gold at Tier 4 After Peak, Use ETFs
This is a grid I have used to provide a framework for Gold for members of my private community. Channel Tier 4 was my buying range after market peaked at Tier 8 ETF for retirement accounts --- not futures yet https://t.co/DasqIqO0oT
