Price forming an orderly pullback contained by a down trend line (DTL). You want to see low volume within that wedge formation, with small down swings ideally.
This thread is about the technical setups I use day in/out to trade the markets 📒
1⃣Wedge break (WB)
2⃣Wedge break pullback (WBPB)
3⃣Breakout Retest short (BORS)
4⃣Breakout Retest Long (BORL)
5⃣Breakout 10ema PB (BO10PB)
6⃣Breakout 21ema PB (BO21PB)
That's my playbook 👇
Price forming an orderly pullback contained by a down trend line (DTL). You want to see low volume within that wedge formation, with small down swings ideally.
• DTL breakout ideally on higher than avrg. volume, OR
• PIVOT breakout daily high, OR
• Intraday PIVOT breakout H1 high
Stop Loss:
• Low Of Day (LOD), OR
• Recent swing low
After the WB, you often have a retest of the DTL, we then find support and follow through on the upside.
• PIVOT breakout ideally on higher than avrg. volume, OR
• PIVOT breakout daily high, OR
• Intraday PIVOT breakout H1 high
Stop Loss:
• Low Of Day (LOD), OR
• Recent swing low
After a base breakout, the BORS setup takes place when price comes back testing the BO pivot within a short period only.
• PIVOT breakout ideally on higher than avrg. volume, OR
• PIVOT breakout daily high, OR
• Intraday PIVOT breakout H1 high
Stop Loss:
• Low Of Day (LOD), OR
• Recent swing low
Sometimes we breakout with a lot of strength, but we pullback during a couple weeks back to the BO level in a wedge pattern.
You want to see low volume within that wedge formation, with small down swings ideally.
• DTL breakout ideally on higher than avrg. volume, OR
• PIVOT breakout daily high, OR
• Intraday PIVOT breakout H1 high
Stop Loss:
• Low Of Day (LOD), OR
• Recent swing low
When the b/o is powerful & buying pressure is sustained, we don't always get a breakout level retest. In that case we might only get a pullback to the 10dma. You want to wait for that lower risk entry to form, specially if you missed the initial b/o
• DTL breakout ideally on higher than avrg. volume, OR
• DTL breakout daily high (NEX=6.69$), OR
• Intraday DTL breakout H1 high, OR
• B/O swing high PIVOT b/o daily high, OR
• B/O swing high PIVOT b/o H1 high
Stop Loss:
• Low Of Day (LOD), OR
• Recent swing low
When the b/o is powerful & buying pressure is sustained, we don't always get a breakout level retest. In that case we might only get a pullback to the 21dma. You want to wait for that lower risk entry to form, specially if you missed the initial b/o
• DTL breakout ideally on higher than avrg. volume, OR
• DTL breakout daily high (DOCN=82.78$), OR
• Intraday DTL breakout H1 high, OR
• B/O swing high PIVOT b/o daily high, OR
• B/O swing high PIVOT b/o H1 high
Stop Loss:
• Low Of Day (LOD), OR
• Recent swing low
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I'm going to do two history threads on Ethiopia, one on its ancient history, one on its modern story (1800 to today). 🇪🇹
I'll begin with the ancient history ... and it goes way back. Because modern humans - and before that, the ancestors of humans - almost certainly originated in Ethiopia. 🇪🇹 (sub-thread):
The first likely historical reference to Ethiopia is ancient Egyptian records of trade expeditions to the "Land of Punt" in search of gold, ebony, ivory, incense, and wild animals, starting in c 2500 BC 🇪🇹
Ethiopians themselves believe that the Queen of Sheba, who visited Israel's King Solomon in the Bible (c 950 BC), came from Ethiopia (not Yemen, as others believe). Here she is meeting Solomon in a stain-glassed window in Addis Ababa's Holy Trinity Church. 🇪🇹
References to the Queen of Sheba are everywhere in Ethiopia. The national airline's frequent flier miles are even called "ShebaMiles". 🇪🇹
I'll begin with the ancient history ... and it goes way back. Because modern humans - and before that, the ancestors of humans - almost certainly originated in Ethiopia. 🇪🇹 (sub-thread):
The famous \u201cLucy\u201d, an early ancestor of modern humans (Australopithecus) that lived 3.2 million years ago, and was discovered in 1974 in Ethiopia, displayed in the national museum in Addis Ababa \U0001f1ea\U0001f1f9 pic.twitter.com/N3oWqk1SW2
— Patrick Chovanec (@prchovanec) November 9, 2018
The first likely historical reference to Ethiopia is ancient Egyptian records of trade expeditions to the "Land of Punt" in search of gold, ebony, ivory, incense, and wild animals, starting in c 2500 BC 🇪🇹
Ethiopians themselves believe that the Queen of Sheba, who visited Israel's King Solomon in the Bible (c 950 BC), came from Ethiopia (not Yemen, as others believe). Here she is meeting Solomon in a stain-glassed window in Addis Ababa's Holy Trinity Church. 🇪🇹
References to the Queen of Sheba are everywhere in Ethiopia. The national airline's frequent flier miles are even called "ShebaMiles". 🇪🇹
1/ Some initial thoughts on personal moats:
Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.
Characteristics of a personal moat below:
2/ Like a company moat, you want to build career capital while you sleep.
As Andrew Chen noted:
3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized
Things that might get commoditized over time (some longer than
4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.
After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.
5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.
In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.
Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.
Characteristics of a personal moat below:
I'm increasingly interested in the idea of "personal moats" in the context of careers.
— Erik Torenberg (@eriktorenberg) November 22, 2018
Moats should be:
- Hard to learn and hard to do (but perhaps easier for you)
- Skills that are rare and valuable
- Legible
- Compounding over time
- Unique to your own talents & interests https://t.co/bB3k1YcH5b
2/ Like a company moat, you want to build career capital while you sleep.
As Andrew Chen noted:
People talk about \u201cpassive income\u201d a lot but not about \u201cpassive social capital\u201d or \u201cpassive networking\u201d or \u201cpassive knowledge gaining\u201d but that\u2019s what you can architect if you have a thing and it grows over time without intensive constant effort to sustain it
— Andrew Chen (@andrewchen) November 22, 2018
3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized
Things that might get commoditized over time (some longer than
Things that look like moats but likely aren\u2019t or may fade:
— Erik Torenberg (@eriktorenberg) November 22, 2018
- Proprietary networks
- Being something other than one of the best at any tournament style-game
- Many "awards"
- Twitter followers or general reach without "respect"
- Anything that depends on information asymmetry https://t.co/abjxesVIh9
4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.
After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.
5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.
In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.
