Price action trading

So you have price pulling back after hitting a major resistance zone, but the most amount of money coming into the market.

So that says that there's a passive buyer, a limit buyer, or a There's a passive absorption happening in the market, which leads me to believe that, you know, a lot of this current price action is very healthy, very strong, and is actually setting up for another move.

So really kind of in a buy the dip mode and not in a panic mode.

So that's what I wanted to bring up regarding

The only present footprint we've got.

So it's the only thing that's going to tell us which way we're going and which way we're not.

Everything else is, you know, it can sometimes be a bit, um noisy nonetheless i just want to start off with the three month chart or the quarterly chart because here we always want to look top down uh at least that's how i like to look at it you look out at however you want but that's the way i look at it because everything begins from an investing mind all the way down to a trading mind and that's how we get the signals of how things go long term here because you can see that we had our Bear market are three quarters in a row of downward price action.

And actually, this blue line is the 20 month or 20 period.

And that has been a real cook for the people who have been trying to get exposure to ENA by that instead of by buying ENA.

um world assets announced otc sale of a total of 49 million dollars worth of world uh this is the world coin world coin tokens hood summit starts today exciting for robin hood and if you weren't aware already we made the announcement yesterday we're delighted to have simple pharma uh from clutch markets obviously of stonk brokers fame to be joining us later in today's show for a conversation not just about robin hood but also what they are building specifically in the stock broker ecosystem so delighted to have that conversation today on the day of the hood summit and finally the jumper app token sale takes place today at 1 p.m on legion it's been a while since i've seen some new interesting opportunities on legion um the token meta in some ways the token sale method kind of had to pause for a while interesting to see that it is back um so that's that in terms of price action let's have a quick rundown to get you up to speed we have bitcoin up at 1.2 to 83.9 it was just 80 just over 84 a moment ago eth is above 2.7 up two percent so Zcash is down 9%, though, to 1419, 1419.

Hype's down 1% to 88.

Near's down 6% to 4.7. Sol is more or less flat around 119.

Later on, Mike Steenhook with the Soy Transportation Coalition joins us to talk fuel surcharges and more.

Jack Scoville with the Price Futures Group shares price action perspective right after the news with Hilary Mason, market analyst with Pro Farmer.

Happy Monday to you, Hilary.

Hey, Michelle.

Yeah, there was definitely some spillover pressure, not just from soybeans, but also from wheat.

Yeah, technical resistance at the 10 and 20 day moving average continues to limit momentum as well.

But I will say, you know, the price action in corn was was pretty mild comparatively.

The tariff list did it tariff cut list did include corn.

So we'll dive into that in just a little bit.

We'll also talk price action, market thoughts as usual.

But in other headlines, we have the news that Japan's 30-year yield jumps to 4.2%.

It's high level in history.

The artist will launch on fake world assets on October the 1st.

Pretty cool.

Getting into the price action side of things.

Let's get you up to speed on all of the prices.

Both can be badly wrong.

Price action can become subjective.

Indicators can become a wall of conflicting signals.

So the real question is which tool wins or which is right.

It is which information helps you make a clearer, more disciplined decision.

Yeah, so in this video, we're gonna compare price action and indicators fairly.

We're gonna show you what each approach does, and then we're gonna walk you through a practical way to combine them without handing your judgment over to a formula.

Just a note that this podcast is for educational purposes only and should not be considered trading advice or an indication to buy or sell any financial instruments.

Obviously, it's gone much higher than that as well.

Okay, getting into some price action to get you up to speed with what is happening there.

We have things looking pretty good.

Bitcoin up a percent and a half to 85.8%.

Later on, Carrie Artec has stock and technical analysis.

Jack Scoville with the Price Futures Group has price action perspective right after the news with Hillary Mason, market analyst with Pearl Farmer.

Well, good Monday to you, Hillary.

Big update today.

See ya.

Hillary Mason joining us with Pearl Farmer.

Jack Scoville with the Price Futures Group in Chicago is in with our price action perspective.

Well, a nice day, a nice move in the corn market, hitting some new highs for the move, Jack.

And it's on Monday, which means that we'll have a nice little tasty little weekend going on.

So let's get quickly to price action here, Mr. Tyler.

So Bitcoin, 76.7. You absolutely love to see that.

Doing good.

Worst day in a while.

Yeah, worst day in a while.

But if you look at the price action, which is what I mentioned in the chat together, it's like, dude, we haven't really left the range.

Look, it was ugly at 75, but it bounced there.

Pretty outrageous, to be honest.

And then Stonk has flipped ponds in 24-hour revenue, getting to the price action, just to get you up to speed with what is going on there, we have starting with the top with bitcoin as always we have let me just get it up properly got bitcoin down a percent to 77 still very much in range although i'm noticing people getting increasingly uh nervous uh eth is down a percent to 2460 still looking fine to me hyped down uh three percent to 82 as well z cash down just a percent strongest of the majors in my opinion at the moment 1224. per zcash uh oil is up as we said wti is up to 95 now and brent is up a percent to 99 pumps down 10 gosh back down to 3.9 bill i'm glad i got out of my over like lengthy lengthy long we spoke about it in depth yesterday um and i feel really good about that now to get out of it break even after doubling down on it i'll be forced to double down on it At around 3.8 or 3.7 when it crashed down there the other day.

Sol is down 2% to 100.

SK Hynix, as we said, at 190.

Later on, Brian Bledsoe of BrianBledsoeWeather is AgWeather.

Matt Bennett of AgMarket.net has price action perspective right after the news with Spencer Langford, economist with Pro Farmer.

Well, welcome back, Spencer, from the holidays.

I hope you had a good one.

All right.

Well, thanks for that update today, Spencer Langford, economist with Pearl Farmer.

And with price action perspective today, Matt Bennett with agmarket.net. Quarantine harvest pressure is the fund community record long, and they don't want to push this anymore.

What do you think?