Simple
Swing trading chart for optionsI saw ZipTraders video on YouTube titled "How to make $100 per day", and the chart was very simple.
So thought I would set it up for QQQ, add a short term MA, a BB for confirming reversals, and change the RSI to make it work for this ETF stock.
Strategy:
1. I look for the RSI to be either overbought, or oversold.
2. While RSI in that situation, I look for a peak to appear.
3. When the peak appears, then I check that the price has touched the upper or lower Bollinger.
4. If I'm unsure if the price is turning, then I check to see if the 3 day MA has flattened
5. I open the trade
6. I sell the trade as it approaches the overbought or oversold. (Unless I sell it early, due to losing faith in it, for other reasons)
Please note:
You can do this with stock. I'm using options, but I haven't used or refined this strategy yet. I'm planning to use only ETFs.
I have no connection with the people who make the video. However, this type of trading is the simplest out there.
My (very simplistic) macro perspective on BitcoinWith the recent bearish retest of the $8750 price levels, the $7350 is the first obvious support on the way down. This coincides with the 0.618 fib retracement level drawn from the previous bottom around $3300 to the top of end June around $14000. Though I don't think this level will hold, the price will definitely bounce from it to test $8000 again. $7350 could provide a good long opportunity (invalidated below $7000).
The ultimate long however will be around $6500. This level was key support after the crazy bull-run in 2017. The break down of this level lead us to $3300k. Now that we're clearly back above it, it should act as a strong support. Otherwise things won't look good for Bitcoin.
Note that it's not exactly $6500, consider the green box for a long, layer orders appropriately.
The yellow line drawn is a possible (and ideal scenario). It doesn't mean PA will exactly follow this. The yellow line is there to make support and resistances clear.
*THIS IS NO FINANCIAL ADVICE
AUD/USD PredictionSaw the head and shoulders type formation on m5 and m1 for entry, at higher low point. TP @ weekly support and seller exhaustion/demand area.
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USDCAD simple pullbackI will be looking for candle confirmation at my resistance before entering this trade.
