Get started

Easy

QUICK AND EASY WAY TO MAKE A CHART (GAPS) - PLTRIF your an advanced trader and good at charting, you likely won't find this information useful. In the future, I'll have more educational posts that go in depth, but this one is for the newbies. STEP 1 - Find your gaps (circled in blue) ONLY MARK GAPS THAT HAVE YET TO CLOSE STEP 2 - MARK your GAPS with a Horizontal Line (alt + h) STEP 3 - DUPLICATE your Horizontal lines (CTRL + CLICK each line while holding ctrl to multi select lines, CTRL + SHIFT + CLICK AND DRAG to duplicate) STEP 4 - These are now your long term trading zones (COLOR Lines accordingly, TIP - Try not to pick colors that blend together) red and green do not mean buy/sell, they mean top of the gap, and bottom of the gap, 4.22% or so... It doesn't need to be exact. STEP 5 - Line thickness (IF multiple lines stack up, you can create a thick line to simplify chart. KEEP IT SIMPLE, REMEMBER, this is not to be exact, this is to create zones to prepare you for future movements based on past gaps) Why is this useful? Well, if you know a price gap is statistically likely to close, then you can be pretty certain that at some point in the future, that gap will close, meaning price will return to @ or above the price gap. With this in mind, you can plan ahead and start to realize when your emotions are getting the best of you. This is also great because you can do this on any time frame with candles. Why ISNT this useful? Well, this gives you no indication of timing. Past results don't guarantee future results. AND this gives you no indication of current price action. In other words, a GAP could form and close 2 years later, and the entire time before it closes, price keeps going lower and lower. Good luck, and remember, this is just a quick and easy way for newer users to identify potential price targets, while limiting emotion in decision making.
NYSE:PLTREducation
by nicktussing77
1
The World's Simplest Profitable Strategy Tron (TRX)A lesson on the golden cross and the death cross. Very simple strategy on the 1 hour chart. (works on all time frames) Look on the chart and you'll see we have two ema's. The orange is the 50 ema and the blue line is the 200 ema. Golden Cross: when the the 50 ema crosses the 200 ema, resulting in the 50 ema being ABOVE the 200 ema. Death Cross: when the 50 ema crosses the 200 ema, resulting in the 50 ema being BELOW the 200 ema. During an uptrend the ema's act as support During a downtrend the ema's act as resistance So when we see a golden cross, we buy. When we see a death cross we sell. Sounds simple right? Well that's because it is. To make this more effective we use the RSI to find divergence. Remember that divergence is when the price and indicator are moving in opposite directions. Bullish divergence: RSI making higher lows, while price is making lower lows Bearish divergence: RSI making lower highs, while price is making higher highs If we are in an uptrend and we see bearish divergence then we sell. Vice versa for a downtrend. In my opinion bearish divergence is more reliable than bullish divergence. This strategy will not give you sell buy or sell targets. It simply tells you whether the price is moving up or down. Does this strategy fail? Yes of course, no strategy is perfect. You will lose money at times. But you will make way more than you lose. It is very simple and when used with RSI it can be very profitable. You will get false breakouts but that's why we have a stop loss. You may get several false breakouts in a row but all you need is a nice uptrend to make huge profits. First trade on the left would have made you a 40% profit if you used the RSI to find bearish divergence. The second one 50% using the death cross And the last 5% using RSI On the first trade on the left had you waited for the death cross you would have made as low as 3%. This why finding divergence is crucial to being profitable. On the last trade had you waited for the death cross you would have lost money. So use the RSI when trading. Again use the RSI. Always try and catch the cross early but never ever ever ever anticipate the cross. You only buy when they cross. Not because you think they might cross. Stick to the strategy and nothing else. Be emotionless. You buy when you see a golden cross and you sell when you see bearish divergence or a death cross. To conclude this strategy is beginner friendly. Very simple and profitable. In my opinion stick to a few coins and that's it. Sure ETC surged after the Coinbase announcement but so what? Move on. Don't go chasing after it. Stick to few coins to actively trade. You can have as many long term coins as you want but stick to few that you actually trade. You'll be more profitable doing that than jumping from coin to coin trying to get every uptrend. Be patient and you will succeed. So if we look at where price is now, there is no reason to be in a trade. 50 ema acting as resistance. Wait for a golden cross.
Education
by Yo_adriiiiaan
17
Motivational message: STOP Asking for EasyTrading Psychology Definition | Investopedia Trading psychology refers to the aspects of an individual's mental makeup that help determine whether he or she will be successful in buying and selling securities for a profit. Trading psychology is as important as other attributes such as knowledge, experience and skill in determining trading success. #BeSomeone Production "All rights reserved" Daily Trading ideas and more, My channel: www.tradingview.com Best wishes !
Education
by fxCROWN
2