Everything You Need to Know About the Week Ahead (Audio Fixed)
Weekly Report: Navigating Trends and Patterns in our current Financial Landscape
Welcome to Against All Odds Research’s weekly subscribers only report! In this edition, we're bringing you the essential tools that have been the cornerstone of my success for years, enabling me to consistently outperform the market and navigate various financial landscapes with confidence. Whether you're a seasoned investor or just starting your financial journey, these insights are tailored to empower you for the week, month and year ahead. Are you ready to elevate your strategic positioning?
(FYI-Do you like being stressed out because you put a trade on? Let’s take some of that anxiety away. You guys have seen this many times before but it is important to know that this is a fully systematic trading model, crafted to simplify the process of trend diagnosis. For systematic traders like us, the key is to always begin by distinguishing what's trending and what's not. It's as straightforward as that. In our world, compensation is tied to price movements. Not what we are thinking.)
Economic Calendar-What’s going on this week?
We do not have any headlines this week because we have a new weekly tool! This is for short term traders. As a short term trader the most important things that you will need to pay attention to is support and resistance zones.
So how do we use them? I got you covered.
How to use Pivot Points-Pivot Points serve as crucial markers for chartists, aiding in the identification of directional movement and potential support/resistance levels. By leveraging the prior period's high, low, and close, traders can estimate future levels of support and resistance. These points act as predictive indicators, offering valuable insights for decision-making. There are various types of Pivot Points, but we'll focus on Standard Pivot Points, Demark Pivot Points, and Fibonacci Pivot Points in this guide.
1. Understanding the Basics:
Pivot Points are derived from the high, low, and close of the previous trading period.
They are pivotal in predicting potential support and resistance levels.
2. Types of Pivot Points:
Standard Pivot Points (The ones we are using)
: Traditional calculations based on the previous day's high, low, and close.
Demark Pivot Points: Developed by Tom Demark, using different formulas to identify reversal points.
Fibonacci Pivot Points: Based on Fibonacci ratios, adding a unique perspective to support and resistance.
3. Historical Use by Floor Traders:
Originally employed by floor traders in fast-paced environments.
Floor traders calculated Pivot Points at the start of each trading day using the prior day's data.
These points served as a foundation for determining support 1, support 2, resistance 1, and resistance 2.
4. Setting Support and Resistance:
Once the Pivot Point is established, additional calculations are made to set support and resistance levels.
These levels, including support 1, support 2, resistance 1, and resistance 2, guide trading decisions throughout the day.
5. Application in Modern Trading:
Despite their origin, Pivot Points continue to be relevant in modern trading strategies.
Traders use them to make informed decisions on entry and exit points, anticipating potential market movements.
Incorporating Pivot Points into your trading strategy adds a dynamic layer of analysis, helping you navigate the markets with a clearer understanding of potential price levels and market trends.
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Let’s look at the Macro…
Could the laggards be the leaders this year?
2. The Yield Curve is still inverted, will that change?
3. Global leaders and laggards
4. Commodities…
5. Currencies have been trampling the dollar over the last 3 months.6. Conflict-Connecting with my subscribers is a priority for me, and I want you to know that I'm always here for a chat. Sometimes I do miss emails, they can get overwhelming with the influx of messages, so if you reach out through any of the platforms I'm on, I'm more likely to catch it. Please do I am always available for you all. Your support is what keeps this dream alive, enabling me to create incredible videos. Soon, I'll be releasing a special one diving into this wild journey that ended up here and how close we are to a global war. Stay tuned – it's a testament to how far we've come together. Massive thanks to each one of you for supporting our work! 🚀🎥 #Gratitude
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