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Forex $1 MM Challenge – Trade #6 (2-26-19) Bought EUR/GBP

February 27, 2019 Published by

The Brexit saga continues. Prime Minister Theresa May said that if no deal is agreed and if a no-deal exit is rejected, then there could be a short extension to the date for Britain to leave the EU. On that news, the British Pound hit a high against the Euro not seen since May of 2017. And on that news, I decided to buy the EUR/GBP.

Monthly Chart (Curve Timeframe) – Monthly demand is at 0.83500 and monthly supply is at 0.94000

Weekly Chart (Trend Timeframe) – the trend is sideways and has been sideways for the past 18

Accumulation Phase

February 27, 2019 Published by

Last BITCOIN rise may have confirmed, IMO, the entry in the Accumulation Phase. This period of time may take weeks or months and it is characterized by a movement between range of price which can be clearly identified in the Daily Chart.

For instance, on 2015, BITCOIN defined the Key levels as follows:

Upper Resistance Level were tested at least three times during this period while the Bottom Support was tested twice, forming a double bottom, W-Pattern which is a bullish pattern. There was as well an intermediate support on which BTC rebounded a few time too.

On 2015, the accumulation phase

Bitcoin Technical Analysis: QUICK UPDATE

February 26, 2019 Published by

Bitcoin is being squeezed within a small wedge, hovering right around $3,800. Volume has tapered off over the past 24 hours.

In today’s video analysis I discuss, where price my be heading next, traps to avoid, key areas to watch and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!

Workin

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Shanghai Exchange…Don’t Call It A Comeback

February 26, 2019 Published by

Shanghai Exchange ended 2018 as the world’s worst market performer for a second year, falling 25% over 12 months as the trade war between China and the United States weighed on the Chinese economy.

China’s economic growth slowed to 6.5% in the third quarter, the slowest pace since quarterly data began to be compiled in 1992.

Source

So why did the exchange have its best week last week in four years.  Thanks to optimism over U.S.-China trade talks, the two sides reportedly met for more than nine hours Thursday of last week President Trump and on Sunday Trump twitted an extension to the

Unusual Options Activity In Amarin

February 26, 2019 Published by

Five months ago I talked about Amarin and their Vascepa drug,

Amarin…A Potential 5X Bagger With Fish Oil

Vascepa, a drug derived from fish oil, has been on the market in the U.S. since 2012, but has only managed about $100 million in sales for in 2018 thus far. However, the results obtained last week, opens up a whole new market for the Vascepa. Amarin has suggested that Vascepa could now generate up $2 billion in sales.

Vascepa is the only fish-oil product of its kind on the market, costing only $1500/yr, but as low as $3 / month with insurance.

Crypto Contest February 26: Quant

February 26, 2019 Published by

Quant (Bittrex: QNTBTC) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Quant began a wave one advance on January 30. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on February 14, and the red wave two (blue sub-waves a-b-c) correction ended on February 24. If this wave count is correct, Quant should be heading next towards the February 14 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Quant Network is connecting the world’s networks to blockchain with just three lines of code. You can watch

Wayfair…Way Up On Earning Announcement

February 26, 2019 Published by

Wayfair Inc. engages in the e-commerce business in the United States, Europe, and internationally. The company offers approximately 10 million products for the home sector under various brands. It offers a selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, such as Wayfair, Joss & Main, AllModern, DwellStudio, Perigold, and Birch Lane.

Warfair is also living in an Amazon world.  Quite frankly, I admire their grind because I thought by now they would be closing up shop like many retailers who have succumb to Amazon.  However, I have been proving wrong up to this

Bitcoin Technical Analysis: Continuation of the Bear Market or Bear Trap?

February 25, 2019 Published by

Yesterday Bitcoin tried breaking above the $4,120 resistance on Coinbase. While price was able to briefly wick above, it was unable to decisively penetrate. The bears quickly pushed it back below $4,000. Even though we watched price drop nearly $400 in 4 hours, volume remains relatively strong in comparison to just 2 weeks ago. In…
Read on Trybe

Bitcoin Technical Analysis: Continuation of the Bear Market or Bear Trap?

February 25, 2019 Published by

Yesterday Bitcoin tried breaking above the $4,120 resistance on Coinbase. While price was able to briefly wick above, it was unable to decisively penetrate. The bears quickly pushed it back below $4,000. Even though we watched price drop nearly $400 in 4 hours, volume remains relatively strong in comparison to just 2 weeks ago. In fact, we’ve seen the highest daily volume in at least 9 months over this past week.

Looking at the daily chart, we can see price found support right on top of the 21 day EMA.

In today’s video analysis I discuss if this latest drop looks more

Forex Price Action Baby, No Technicals or Fundamentals…Trade #7 – Bought USD/CAD (2/25/19)

February 25, 2019 Published by

10,000 Ft View – 4 Hr Chart

Zooming In

What I like about the 4 hr demand zone is it’s embedded within a daily demand in which buyers stepped in at the whole number of 1.3100 and prices rocketed to daily supply at 1.3360 before return to the origin of the strong move.

I really must give my trades more of an opportunity to work out, as I’m risking only 10 pips and could have easily been stopped out. However, on the flip side, it means that my Reward to Risk are extremely high…if I can withstand the many stop

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