A brief pause in the gold run may be a good time to pick up some of these cheap miners I'm coming across. For those less risk tolerant (is that possible in the mining sector?), AEM , GDX, WPM and others are breaking to new highs. I see WPM at 75 within the next year or two and big moves from NEM from current levels. If you have nothing in gold/silver/miners sector, a 5% spec position in your portfolio will add to your 2025 gains!
Rivian Automotive, Inc. (RIVN) is an electric vehicle company focused on adventure-ready trucks and SUVs. With models like the R1T and R1S, Rivian is carving out its place in the EV market by offering rugged, high-performance electric vehicles designed for both city streets and off-road adventures. The company’s growth is driven by rising demand for sustainable transportation, strong partnerships, and its expanding production capabilities. The stock chart recently showed a confirmation bar with increasing volume and is finding demand at the Fibonacci 0.618 level inside the corrective zone (0.382-0.618). This is a strong support area in uptrends, signaling that buyers are stepping in, creating potential for a rebound. A trailing stop can be set using Fibonacci levels, helping traders manage risk while staying in the trade as the stock moves higher.
I opened an xcn short a while ago. i used a wider stop than normal because xcn has a strong community and they be going crazy at times . Trade be going okay then you get a big random pump only to dump again. So am playing it conservative. If a spike like that happens again I'll look to scale in after if am not stopped out.
I see a short time sell before a big bullish move upward.
I will be giving a breakdown on my own personal strategy on how I trade the Dow Jones Futures. I am writing this post for two reasons. First and foremost, to help people. Secondly, to help myself in better understanding. The way that I trade is using support and resistance, only I don't use the traditional sense of support and resistance that is taught. I use price levels that all traders have. The four price points of a candle stick. I also use major round numbers of 1000's and 500's. The Open The Low The High The Close I start by looking at the monthly. When a new month opens, I.E. February 1st for example, I mark the opening price in Orange. https://www.tradingview.com/x/8SysxUDY/ I use the 2 hour chart to look for buying and selling areas, using key price levels. I look for these key price areas and see how price behaves once they get there. Low of Month trades Low of the Week trades Low of the Day trades High of Month trades High of the Week trades High of the Day trades Example 1: The month of February opens at 44,444. I mark this with a horizontal trendline in Orange Level 4. I see price gapping down right into 44,000. A major round number of 1000. https://www.tradingview.com/x/2e2W7zsV/ I then drill down to my entry timeframe of the 15 minute to find the buy or sell trigger entry. In this case, I saw the creeping push down into the 1000 level followed by a bull 180 bar. I entered in on the close of that bar. I used a 75 tick stop per ATR and a 200 tick target. https://www.tradingview.com/x/MUFZrPX8/ This is an actual trade I took. I recently changed my target strategy. I will explain in a bit. I use the same concept for the following three timeframes. The Monthly candle The Weekly candle The Daily candle The Monthly candle: https://www.tradingview.com/x/KGa8VTVb/ The Weekly candle: https://www.tradingview.com/x/hBFPVbOY/ The Daily candle: https://www.tradingview.com/x/77UXjAa1/ Another example of a trade I took https://www.tradingview.com/x/qivlEz6c/ https://www.tradingview.com/x/6HPSsfld/ This creeping layering into a level is one of my favorite ways to get into a trade. https://www.tradingview.com/x/mVXmQAGi/ What I am doing now is I will set my stop loss of 75 ticks and I will have no profit target. I will hold the trade until the end of the trading day and close it out before the market closes. https://www.tradingview.com/x/WlUYveoP/ On this particular trade, I closed it out at 44,820 for a 343 tick profit. https://www.tradingview.com/x/2ft9k4KA/ The weekly template structure: https://www.tradingview.com/x/8jGYGvTq/ Some obvious points but worth repeating. Each Weekly candle has an opening price. Within each weekly candle, there are 5 trading days. Monday-Friday. There is a high and low of the week. Within each trading day, there is also an open, high and a low. I find that when day trading, only to focus on the specific day itself and to not really worry about "multiple time frame analysis" All you need is the major key levels I laid out up above. https://www.tradingview.com/x/3pCUrR02/ https://www.tradingview.com/x/pJEDP30T/ https://www.tradingview.com/x/56uc5eU9/ Here is another trade that I took. I was looking for the Monthly open and 44,500 to be used as resistance for a continuation short trade back through the weekly open. https://www.tradingview.com/x/roM28EgU/ Of course you can see, I lost on this trade. No strategy is ever guaranteed, and I do routinely take losses. My job as a trader is to preserve my capital and to stay alive. https://www.tradingview.com/x/qhkfoOno/ My money management strategy: One trade per trading day MAX If lose, DONE Close out near end of day if in profits, DONE 75 tick stoploss on ALL day trades. DO NOT TOUCH. Do not move up or down. Sometimes to Break-even but only if trade is seeming to fail (more of an intuition thing) Risk 0.75%-1.5% per trade Only make slight adjustments to strategy after every 20-trade sample size. By limiting my losses to only one trade per day, I can easily recover from a losing day with any winning day. Somedays I will either not see the market well, enter at a poor location or just overall, not be at my best. My statistics show that RARELY do I enter another trade after a losing trade, does that one succeed. This tells me that I am not seeing something that particular day. I will wrap it up and try again another day. Revenge trading does no good but to hurt yourself. I admit I am wrong on the day and come back again. By limiting myself to one trade per day, I am also cutting down on slippage and commissions. Because of slippage and commissions, trading is NOT a zero-sum game, but in fact a NEGATIVE sum game. Your winners are smaller than they ought to be, and your losses are bigger than ought. I know that I can have three losing days in a row and be right back to normal after one or two winning days. Therefore, who cares if I take a loss. I need to get through the losing trades to find the big, winning trades.
Watching the OBV, I notice that it has tanked recently forming a wedge. Usually stocks build up the pressure, release it on the OBV, and the stock price rallies for months if it plays out on a long-term chart, as is the case with NIO. I'm expecting a rally to $30-$40 in the coming months.
The very oversold February 2 low (circled in orange) is bothersome to me - this low is super OS across the board and I don't believe price could / should go up without clearing this low with an RSI divergence. To add to this, the bounce since that Feb 2 low is forming an ABCDE triangle, which is a continuation pattern - this case would be to the downside. On a one degree large scale, the chart is in a WXY expanding flat. All this points towards a low 80k lower low (bottom?).
As I explained in the video, this is a preview on an upcoming framework I plan to release once I break either 100-1000 followers. Best Wishes.
My Point of view, Beware of the uptrend line , DXY Reached golden fibonacci zone, All pairs reach the rejection level. GBPUSD, EURUSD.
LTC is still holding it's bullish structure, forming a possible 12 hour higher low compared to the last 12 hour low at $124.3 (thick white line). Price also recently took out the previous hourly lows (thin white line) as outlined by the circle. I'm waiting for price to pullback as shown toward $125 - 126 and hopefully starts to bounce from there for some continuation. Very low risk trade as my stop will go under $124.5, and if the 12 hour higher low forms, you can get plenty of upside. LTCBTC also had its first bullish cross between the 12 and 26 eta's in almost 2.5 years. Could be a precursor signal for LTC to bounce strong in the upcoming weeks.