Not sure whats moving this right now, but if there isn't any news it might be safe to wait for a pullback. Though I see massive volume, so if you jump in just be prepared to hold.
Guess they were "hinted" at in the simpsons? I don't know if that's just a coincidence or for real. I just saw that. Posted 14 hours ago.
Komen
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Still bullish, but this consolidation is boring right? One thing I don't want to see is a long drawn out sideways market. I hear it's "ghost month" in Asia. Will it go sideways till the end of September 22? Keep it on your watchlist.
The only other thing I could see besides the chart looking ready to bounce off of that triangle pattern is this from Friday. A lot of traders don't hold over the weekend so perhaps they didn't see this til this morning. blog.tenx.tech/dev-update-25-august-2017-51203816b4d7
AltG
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Stagnating now, what do you think ?
bencarneva
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@AltG, If you look at the 4 hour the 13EMA is wanting to cross that 48EMA....if it does..... :) Could see that in the next 24 hours. These intraday..cool off dips will always happen after the candle blasts off out of the upper bollinger band. If you are holding...I would be patient. This is a damn good opportunity. Don't take my word for it of course, do your own diligence for your own sanity.
pAulseperformance
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@AltG, One thing I have noticed with all my setups is that they ALWAYS take much longer to go than I anticipate. I imagine this might be due to my ability to find reversals earlier than others (I trade full time and have several algos I developed monitoring the market), so most of the time it pays to be patient and wait for the rest of the market to see the same thing. Usually that happens after a nice pull back -> and steady accumulation.
Fundamentally, TENX is a great buy and depending on your strategy (long term, short term) this is a solid buy. I recommend you do your own research though for piece of mind, which is of tremendous importance because ultimately it's your money. I'm just here to help as much as I can with my view on the market. I am not perfect and never will be so never risk more than you can afford.
Also, since I posted this it went up about 20% which is more than enough if you are playing the short game and quick enough to get in and out. At this point it's sitting in generally the same area, so give it a day or two and let it develop. If it holds here, chances are it will become a very attractive investment opportunity.
AltG
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@Gammapips, Most of the time, I read as much as possible. This makes me very dependent on other people..But I would like to start analysing myself. Do you have tips, guides, books, .. to get me started ?
pAulseperformance
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@AltG, Sorry for the slow response. I have lots of tips I guess, but most it comes down to experience so I'll give you some examples.
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I was introduced to this sector 2 years ago. Before that I never knew a thing about forex or anything within the financial sector. For the first year;
I followed, took signals and tried to learn from an online mentor. Eventually, I realized that he wasn't going to teach me his strategy because then I would no longer need to pay him for signals and "teaching".
The lesson I learned was: It is far easier to scam people and make money off of "education" and "signals" then actually trade. If you haven't noticed by now, the internet is filled with lots of people willing to "teach" you and show you how they live lives of luxury. It's very compelling to outsiders and pretty easy to fake so make sure you verify the person who is going to teach you.
When I found tradingview this kind of deception was easier to filter out because you can see a pretty accurate history. Although, it does not reflect 100% of the trader, because bullish sentiments and analysis can quickly change. The lesson here and a problem I had when depending on other people on tradingview: Never fix your mind on one direction, and make sure anyone you follow is transparent with what they are doing.
Find yourself a mentor, someone who is successful from TRADING/INVESTING. Not someone who makes money off of teaching. If they can't show you a track record, move on. You will learn a lot from them, but ultimately it comes down to you and your own experience. I was blessed enough to learn from the best on tradingview. Anil Mangal. He was banned, but he is still the All time top trader on here. And that was for good reason.
Be patient.
Listen to trading podcasts, workout, read, backtest, be patient. Breathe. Stay calm. Be prepared for the worst possible outcome. Have a plan. Have a strategy. Don't get to fixed on any one thing. Be like water.
There's no such thing as support and resistance, get that out of your head. However, there are KEY levels you must learn to understand. Round numbers. Pyschological levels. Learn to spot these, they will help.
Really though it doesn't matter how you look at the chart as long as you have a way of making sense of it and it works for you.
The best piece of advice I can give you. Think like a whale. Ask yourself, if you had millions of dollars, where and how would you enter/exit this market. Once you understand how a whale thinks/operates it is very easy to spot one making moves in this ocean of data.
Hope that helps somewhat. Stay determined and be patient and eventually youll be good.