CME: A Good Buy Right Now?
CME has tapped that downward support line multiple times now, indicating strong support.
![CME: A Good Buy Right Now?image](https://media-files.takeprofit.com/hlZ2xqmGSNh4GC4u10oD-.webp?height=285&width=570&quality=80)
CME: A Good Buy Right Now?
CME has tapped that downward support line multiple times now, indicating strong support.
Victors Trading Blog 08.07.2024
Here again the chart I posted at the beginning of June ⬇️
Victors Trading Blog 04.07.2024
It's been a while since my last blog as I'm in the process of moving from Thailand to Indonesia and spent some time with my family in between. But now I'm back!
Candlestick Pattern Collection Thread
I would like to explain the whole thing using a classic example in the DAX, but it can also be applied to crypto, commodities and forex. A little later in the article, we will explain the most common candles and what you can do with them. The classic DAX has a daily trading time of 9 am to 5:30 pm, which means that the daily candle starts at 9 am and ends at 5:30 pm. As you will see in the article, it is possible to interpret possible price movements based on the different appearances of the closed candle. Beginners in particular are often unaware that there is both pre-market and post-market trading. Advanced traders, on the other hand, often do not know that the candle image can also depend on the broker's server time (time zone) if they themselves trade from a different time zone. Trading interruptions, as in the Nikkei225, can also distort the chart.
Victors Trading Blog 10.06.2024
What's up guys! Following up with Bitcoin today! We've ditched into the "resistance level" at around $72k multiple times now. To be honest, I don't like "support/resistance level", I always associate them with retail trading, which isn't really my style since I use other parameters to define my bias/levels/patterns etc.
Boyd Gaming Corporation Analysis
Today I decided to do a tricky analysis. Why is this analysis/stock a tricky one, you may ask? It's very simple, I deem a drop in almost all the major indices as very likely and I don't like trading against the trend. Of course there are always exceptions to the rule, but historically speaking, in times of economic decline the vast majority of all stocks drop in price.
Broadcom Inc. Analysis
Let me be honest: When analyzing a companies stock, I don't care what a company does, if they provide services, are a manufacturing company, or something else, I don't look at the financials or the team the company is run by. I only care about the chart and whether I see patterns in accordance with other technical stuff I look for on a chart.
Victors Trading Blog - Extended Version (05.06.2024)
If you followed my last stock trading idea, you'll know that I mentioned higher prices on Broadcast.com. As of today, we reached the second Gap I mentioned in the post, and it seems like the stock will continue expanding to the upside. In cases like this, it depends on whether price closes in or outside a Gap/pricelevel. I'll go into detail in a later educational post, just know this: If it closes outside that Gap, it's likely to expand further to the upside, if not, lower prices can be expected.
Salesforce, Inc. in an upcoming downdrend?
Our most recent pattern in the Daily Chart of Salesforce is a Zig-Zag that took the stops above the high from Nov 2021.
Victors Trading Blog #6
Let's start with the last stock analysis I posted on TakeProfit, Salesforce. This trade resulted in a 26.56% drop or $76.67 move per share at the lowpoint. As outlined beforehand, we were expecting lower prices in Salesforce with an ideal entry, as almost always, at the 50% level.