The basics of trading are always pretty easy to both comprehend as well as utilize. There is just so much noise out there that the learning curve seemingly never ends, or, even worse, it multiplies into many overlapping ones.
The good news is that there is a way to speed up the learning process which breeds the success to survive.
The first thing to do is to forget about the money and the second is to realize that this whole freaking thing is rigged!
The entire financial world and all of its components are a sham of fraud and ultimately you are looking to jump in on the big billionaire boys scam!
Don't believe me? Oh, I plan to explain but for now , just one quick map to share which as everything, depending upon study and meditation of how ... you can find this yourself.
Dow Jones on tradingview 1/14/19
The yellow highlight I drew on the chart traces back to the Jan 2018 high which is re hit on Oct 2018. That hotline in yellow turns out to have been a strong support the entire time, it defended and produced gains whenever it was touched and a buy was placed.
The one time it failed is seen after its fundamentally based correction began on Oct 2018 and I guess those in on the scheme must've done well on their short positions in this pair of DJI/USD.
For the trader whom takes the time to look into the least acknowledged money news we can see there were many geo-political issues arise and on the financial side as of Oct of 2018 when the whole Danske Bank money laundering expose which means when 100's of billions are no longer pumped through banks which props up the markets, well it will correct at that point.
We also saw the Goldman Sachs involvement by C.E.O and executives in the 1mdb scandal with Malaysia as corruption exposed globally, the tech sector wrapped up in fraud scandals galore, religious institutions also looking like shit out there right now.
I call it the end of the bullshit, and yes that implies an amazing post bullshit world, out of our dreams, but we shall see.
You can pull up a chart and set the time frame to - Daily - so we can see about 2-5 years of data on the chart, see it now on trading view below.
https://www.tradingview.com/symbols/DJ-DJI/
so lets zoom in... DJI 1/14/19
As that yellow hotline is now re hit low from Sept 2017, 15 months later on Dec 2018, it climbs back to that same hotline where it remains as of this writing. Wanna bet on where it goes from here?
DJI 1/22/17
so lets zoom in
The price does NOT matter, so I will not talk much about any specific price we need to look out for or give a shit about. Its rigged remember, the chart can throw a spotlight on how the scheme is operating.
That hotline is now gone from being strong support of over 10 months to now being the resistance or a ceiling for the price to go right back down to the low from.
This is called the highs and lows, and on a daily chart if you go back about 3-5 years you can find where the scheme is shining a spotlight for the participants of it a.k.a. the banks and the bankers.
There is no question that the world is even more tumultuous during these birth pangs of an entire new global financial system which is why the bullshit is over with. This new system is actually very familiar to most of us but we haven't been given the green light on it as of yet.
If you want to trade and be successful you have to leave behind any preconceived notions about learning how to beat the markets, the only way is to get in on the con and ride the coat tails of the banking thieving marauding elite cabals which use it as a wealth transfer mechanism. It's simple to do but not easy to start.
I will try to help, let's take a trade together, a sell as is hit that hotline from its retrace from the bottom, lets give a number of 24000 on the DJI, a sell.
Now lets forget about it, no need for a stop, we will just watch and manage the trade now. No noise, just a rigged market.
I follow back.