The greatest glory in living lies not in never falling, but in rising every time we fall. -Nelson Mandela
Here are the market observations for today
Observations
Price Action Stories – The New script
There comes a time when everybody is confused. Buy the dips don’t work. Trading becomes punishment, and slowly traders lose interest. But if one has to be in the game for a long time, one should never lose the feel of the market. Switch to paper trading. Try understanding what’s going on and once you get the feeling that things are working, make a comeback. The market rewards survivors. One of the objectives of writing these price action stories is to keep you all engaged even when things look extremely tough.
Chart Stories 27/Jan/2021
“We don’t care about ‘why’. Real traders only have the time and interest to care about ‘what’ and ‘when’ and ‘if’ and ‘then’.
Some interesting price action analysis
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Price Action Study of Amazon
Amazon stock is down 12% for the week. Is the stock now a buy?
Price Action Case Studies
Here are Price Action Case studies for today
Price Action Case Studies
Here are a few Price Action Case studies for today.
Is this sell off a buying opportunity?
I wish I knew. But let me try to answer this question based on the Science of Price Action trading rules.
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Silvergate Capital – Update
Here’s an update on Silvergate Capital
Ultra Large Cap ~ Opportunities missed
When you are trading, you look for momentum opportunities where the stocks make fast and furious moves which usually happens in small-cap and midcap names. Hence, you tend to ignore slow and steady Ultra large-cap movers. I am doing this study just to understand what we missed and how we can avoid such situations in the future.
Large Cap Stocks – Observation
Here’s how the large-cap end of the market doing.
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