Whichever country is the leader in crypto is the loser. The more money a country diverts to crypto the less capital it has to fund the production of real goods and legitimate wealth creation. The worst thing any government can do is encourage or subsidize this waste of resources.
Here's a very simple way to determine what is happening and the amount of damage being inflicted to the uptrend. First, there is something called the midas vwap method or the anchor vwap. Same thing. However you can and should create an anchor regression curve. The way you make it count is just set up a variable called LEN. or anyname. So, len = len +1. This counts the bars for you. Then plug len into your linear regression function. So then set up the variable called trendmain. Here is my tradestation code. Trendmain = round2fraction((linearregressionvalue,(close,len,0))); . You then tell it when to start. Now, every meaningful swing low run an anchor. On nasdaq, here are the dates. 10132022, 10272023, 04192024,08022024,09062024. Then run an anchor from the all time high. All of those up trend lines are broken. Now anchor 12242018, and 03242020. The last 2 anchors have longer term trends. Yesterday, 20402 was penetratrated. 19891 is the last trend to defend. I strongly suggest learning about linear regression anchors. They lag, but they are more responsive than a vwap and if you're a daytrader, that trend is the tool that tells you consensus for the day. Don't forget the best time to enter a trade is at the end of a swing, because that is when a new trend begins.
How does this tie into the daily trade closing numbers? Is there a numerical calculation or correlation between the LEN+1 and the actual points that we see? Always willing to learn.
Forget about the close. Everything starts from the open. So let's say you are one hour in. That's literally a 1 hour trend, and 1 hour vwap. So every minute, the trend grows as does the vwap. As do the value areas. So you want to trade in the direction of the trend which is easily identified because of where it starts, and then matures. Marclbaker@gmail.com. hit me up and I will help you. Regards.
Yo Greg, just as a housekeeping-type comment...your S&P and DXY analysis would be much easier to read/digest if you formatted it with bullet points or at least broke that commentary into several paragraphs.
As far as the markets, we shall see...we just took out the pre-election lows and are holding there in anticipation of the various news drops today. Though indicators and TA are looking bearish, the market is in extreme fear with the overall sentiment being super-bearish according to the AAII survey so my contrarian self says we go up with a vengeance soon.
Thanks for all the fantastic value you provide!! It's a lot of time and energy that is greatly appreciated...for F'n free (if you don't kick in the $5), everyone!!
The more data points we receive, the better we can manage going forward.
Treasury Sec. Scott Bessent claims that he wants a strong dollar, but opposes any efforts on the part of other nations to strengthen the dollar. He also claims that tariffs won't raise prices, but insists they will help reduce the trade deficit by making imports more expensive.
On another subject..Trump's big plan for crypto turns out is a whole Lotta nothing.
Peter Schiff
@PeterSchiff
Whichever country is the leader in crypto is the loser. The more money a country diverts to crypto the less capital it has to fund the production of real goods and legitimate wealth creation. The worst thing any government can do is encourage or subsidize this waste of resources.
Here's a very simple way to determine what is happening and the amount of damage being inflicted to the uptrend. First, there is something called the midas vwap method or the anchor vwap. Same thing. However you can and should create an anchor regression curve. The way you make it count is just set up a variable called LEN. or anyname. So, len = len +1. This counts the bars for you. Then plug len into your linear regression function. So then set up the variable called trendmain. Here is my tradestation code. Trendmain = round2fraction((linearregressionvalue,(close,len,0))); . You then tell it when to start. Now, every meaningful swing low run an anchor. On nasdaq, here are the dates. 10132022, 10272023, 04192024,08022024,09062024. Then run an anchor from the all time high. All of those up trend lines are broken. Now anchor 12242018, and 03242020. The last 2 anchors have longer term trends. Yesterday, 20402 was penetratrated. 19891 is the last trend to defend. I strongly suggest learning about linear regression anchors. They lag, but they are more responsive than a vwap and if you're a daytrader, that trend is the tool that tells you consensus for the day. Don't forget the best time to enter a trade is at the end of a swing, because that is when a new trend begins.
How does this tie into the daily trade closing numbers? Is there a numerical calculation or correlation between the LEN+1 and the actual points that we see? Always willing to learn.
Thanks for your input.
ER,CVI,CCS
Forget about the close. Everything starts from the open. So let's say you are one hour in. That's literally a 1 hour trend, and 1 hour vwap. So every minute, the trend grows as does the vwap. As do the value areas. So you want to trade in the direction of the trend which is easily identified because of where it starts, and then matures. Marclbaker@gmail.com. hit me up and I will help you. Regards.
I'll tap into you soon. Thanks for your help.
Thanks man, we appreciate that extensive analysis
Thanks Greg. Another critical day, so the deep analysis is appreciated!
Perhaps this is a coordinated attack by the Globalists to intentionally hurt President Trump by crashing stonks?
QQQ at the 200 DMA doesn't happen too often these days
The 200 DMA is an important level to the bigs. The bigs are usually willing to buy at the 200 DMA.
Today looks like one of those exceptions when the bigs have let go of the 200 DMA support level. As Greg said, look out below.
GOOD JOB GREG YHANKS
Thank you Greg
Graphs posted would help
Yo Greg, just as a housekeeping-type comment...your S&P and DXY analysis would be much easier to read/digest if you formatted it with bullet points or at least broke that commentary into several paragraphs.
As far as the markets, we shall see...we just took out the pre-election lows and are holding there in anticipation of the various news drops today. Though indicators and TA are looking bearish, the market is in extreme fear with the overall sentiment being super-bearish according to the AAII survey so my contrarian self says we go up with a vengeance soon.
When asked about his tariffs effects on the world markets he stated.....
"I am not worried about the stock markets"
- President Trump -
Babel means confusion… that’s what trump is
Nimrod the master of chaos and confusion
Thanks for all the fantastic value you provide!! It's a lot of time and energy that is greatly appreciated...for F'n free (if you don't kick in the $5), everyone!!
The more data points we receive, the better we can manage going forward.
God Bless you GM
I don’t see your comments on your website. Can you post them here?
Had same problem. When you reach site, you have to hit open for traders choice. Then drop down lists home. Tap that and get the reference
The tale of the tape
Peter Schiff
@PeterSchiff
Treasury Sec. Scott Bessent claims that he wants a strong dollar, but opposes any efforts on the part of other nations to strengthen the dollar. He also claims that tariffs won't raise prices, but insists they will help reduce the trade deficit by making imports more expensive.