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CHFAUD Potential ReversalThere are indications of a potential reversal in the CHFAUD currency pair. The suggested stop loss is set at 1.626, which acts as a risk management tool to limit potential losses if the reversal doesn't materialize as anticipated. On the other hand, the take profit level is identified at 1.647, representing the desired price target. It's important to note that technical analysis provides insights based on historical price patterns and indicators. However, market conditions can be unpredictable, and there is no guarantee that the anticipated reversal will occur or that the price target will be reached. Looking forward to read your opinion about it!
Long
by TopgOptions
LINA Linear Finance Upside PotentialThe recent price action on LINA Linear Finance suggests a potential reversal in the making. The 200-day Moving Average has played a significant role as a strong support level since the golden cross reversal occurred. This bullish signal indicates a shift in momentum and a potential upward trend for LINA. Considering this technical setup, my price target for LINA is set at the $0.0195 resistance level. If the current bullish momentum continues, breaking through this resistance could open the doors for further upside potential. Overall, the recent price action and the support from the 200-day Moving Average indicate a potential reversal on LINA Linear Finance, with a price target of $0.0195 as a key resistance level to watch in the coming days. Looking forward to read your opinion about it.
Long
by TopgOptions
Robinhood will delist Polygon MATICIf you haven`t sold MATIC here: Then you should know that Robinhood, the well-known trading platform, will discontinue its support for three cryptocurrencies implicated in SEC lawsuits against Binance and Coinbase. Effective from June 27, 2023, Robinhood will no longer provide support for Cardano (ADA), Polygon (MATIC), and Solana (SOL). In My opinion MATIC will test the support of $0.50. Looking forward to read your opinion about it.
MShort
by TopgOptions
2
MANA Decentraland is considered a security by the SECIf you haven`t sold MANA here: Then you should know that recently the U.S. Securities and Exchange Commission (SEC) classified Decentraland (MANA) as a security. This means that MANA, the native cryptocurrency of the Decentraland virtual reality platform, is now subject to securities regulations and requirements imposed by the SEC. The decision to categorize MANA as a security by the SEC signifies that it is considered an investment contract, representing ownership or participation in a particular project or platform. As a result, Decentraland and MANA will be subject to compliance with applicable securities laws, including registration, reporting, and other regulatory obligations. This classification by the SEC highlights the increasing scrutiny and regulation of cryptocurrencies, particularly those involved in projects that resemble traditional securities offerings. My short term price target is $0.35. Looking forward to read your opinion about it.
Short
by TopgOptions
XDC Network Potential RetracementIn my opinion, considering the current market conditions and the broader performance of cryptocurrencies, XDC (XinFin Network) could face downward pressure and potentially trade lower at this time. Many cryptocurrencies have experienced a recent decline in value due to various factors such as market corrections, regulatory concerns, or shifts in investor sentiment. XDC may not be immune to these trends and could be influenced by the overall market sentiment. My price targets are $0.030 and $0.024. Looking forward to read your opinion about it.
Short
by TopgOptions
AXS Axie Infinity Triangle Formation BreakdownI don`t know if you have seen my preview AXS chart that had more than 500 Likes: In its recent case against Binance, the SEC introduced 10 cryptocurrencies into the securities classification: BNB (BNB), Binance USD (BUSD), Solana (SOL), Cardano (ADA), Polygon (MATIC), Cosmos (ATOM), The Sandbox (SAND), Decentraland (MANA), Axie Infinity (AXS) and COTI (COTI). The AXS (Axie Infinity) cryptocurrency recently experienced a breakdown of a triangle formation, signaling a potential bearish pattern. A triangle formation is a common technical chart pattern characterized by converging trendlines, indicating a period of consolidation before an anticipated breakout. In the case of AXS, the breakdown of the triangle formation suggests a shift in market sentiment towards a bearish bias. This breakdown occurs when the price falls below the lower trendline of the triangle, indicating a potential continuation of the downtrend or a decline in price. Traders and investors who closely monitor technical patterns may view the breakdown of the AXS triangle formation as a bearish signal, potentially prompting them to consider short positions or adjust their existing trading strategies accordingly. Considering the above, my prite target for AXS Axie Infinity is $3.55, its strongest support. Looking forward to read your opinion about it.
Short
by TopgOptions
ATOM Cosmos Bearish Pennant PatternIn its recent case against Binance, the SEC introduced 10 cryptocurrencies into the securities classification: BNB (BNB), Binance USD (BUSD), Solana (SOL), Cardano (ADA), Polygon (MATIC), Cosmos (ATOM), The Sandbox (SAND), Decentraland (MANA), Axie Infinity (AXS) and COTI (COTI). A bearish pennant is a technical chart pattern that typically occurs during a downward trend in a financial market. It is characterized by a small symmetrical triangle formation, with converging trendlines that resemble a pennant shape. This pattern suggests a temporary pause or consolidation in the price movement before a potential continuation of the downtrend. When a bearish pennant pattern breaks down, it means that the price has moved below the lower trendline, signaling a potential resumption of the downtrend. This breakdown is considered a bearish signal and may indicate further downward price movement in the near term. Traders and investors often monitor bearish pennants and their breakdowns as potential opportunities to initiate or add to short positions or to manage existing bearish trades. My price Target for ATOM is $5.60. Looking forward to read your opinion about it.
Short
by TopgOptions
MASTER THE MARKET WITH CONFIDENCE & DISCIPLINEIf you asked me to distill trading down to its simplest form, I would say that it is a pattern recognition numbers game. We use market analysis to identify the patterns, define the risk, and determine when to take profits. The trade either works or it doesn't. In any case, we go on to die next trade. It's that simple, but it's certainly not easy. In fact, trading is probably the hardest thing you'll ever attempt to be successful at. That's not because it requires intellect; quite the contrary! But because the more you think you know, the less successful you'll be. Trading is hard because you have to operate in a state of not having to know, even though your analysis may turn out at times to be "perfectly" correct. To operate in a state of not having to know, you have to properly manage your expectations. To properly manage your expectations, you must realign your mental environment so that you believe without a shadow of a doubt in the five fundamental truths. Today, I am going to give you a trading exercise that will integrate these truths about the market at a functional level in your mental environment. In the process, I'll take you through the three stages of development of a trader. The first stage is the mechanical stage. In this stage, you: 1. Build the self-trust necessary to operate in an unlimited environment. 2. Learn to flawlessly execute a trading system. 3. Train your mind to think in probabilities (the five fundamental truths). 4. Create a strong, unshakeable belief in your consistency as a trader Once you have completed this first stage, you can then advance to the subjective stage of trading. In this stage, you use anything you have ever learned about the nature of market movement to do whatever it is you want to do. There's a lot of freedom in this stage, so you will have to learn how to monitor your susceptibility to make the kind of trading errors that are the result of any unresolved self-valuation issues I referred to in the last chapter. The third stage is the intuitive stage. Trading intuitively is the most advanced stage of development. It is the trading equivalent of earning a black belt in the martial arts. The difference is that you can't try to be intuitive, because intuition is spontaneous. It doesn't come from what we know at a rational level. The rational part of our mind seems to be inherently mistrustful of information received from a source that it doesn't understand. Sensing that something is about to happen is a form of knowing that is very different from anything we know rationally. I've worked with many traders who frequently had a very strong intuitive sense of what was going to happen next, only to be confronted with the rational part of themselves that consistently, argued for another course of action. Of course, if they had followed their intuition, they would have experienced a very satisfying outcome. Instead, what they ended up with was usually very unsatisfactory, especially when compared with what they otherwise perceived as possible. The only way I know of that you can try to be intuitive is to work at setting up a state of mind most conducive to receiving and acting on your intuitive impulses. The mechanical stage of trading is specifically designed to build the kind of trading skills (trust,confidence, and thinking in probabilities) that will virtually compel you to create consistent results. I define consistent results as a steadily rising equity curve with only minor draw downs that are the natural consequence of edges that didn't work. Other than finding a pattern that puts the odds of a winning trade in your favor, achieving a steadily rising equity curve is a function of systematically eliminating any susceptibility you may have to making the kind of fear, euphoric or self-valuation based trading errors I have described throughout this book. Eliminating the errors and expanding your sense of self-valuation will require the acquisition of skills that are all psychological in nature. The skills are psychological because each one, in its purest form, is simply a belief. Remember that the beliefs we operate out of will determine our state of mind and shape our experiences in ways that constantly reinforce what we already believe to be true. How truthful a belief is (relative to the environmental conditions) can be determined by how well it serves us; that is, the degree to which it helps us satisfy our objectives. If producing consistent results is your primary objective as a trader, then creating a belief (a conscious, energized concept that resists change and demands expression) that "I am a consistently successful trader" will act as a primaiy source of energy that will manage your perceptions, interpretations, expectations, and actions in ways that satisfy the belief and, consequently, the objective. Creating a dominant belief that "I am a consistently successful trader" requires adherence to several principles of consistent success. Some of these principles will undoubtedly be in direct conflict with some of the beliefs you've already acquired about trading. If this is the case, then what you have is a classic example of beliefs that are in direct conflict with desire. The energy dynamic here is no different from what it was for the boy who wanted to be like the other children who were not afraid to play with dogs. He desired to express himself in a way that he found, at least initially, virtually impossible. To satisfy his desire, he had to step into an active process of transformation. His technique was simple: He tried as hard as he could to stay focused on what he was trying to accomplish and, little by little, he de-activated the conflicting belief and strengthened the belief that was consistent with his desire. At some point, if that is your desire, then you will have to step into the process of transforming yourself into a consistent winner. When it comes to personal transformation, the most important ingredients are your willingness to change, the clarity of your intent, and the strength of your desire. Ultimately, for this process to work, you must choose consistency over eveiy other reason or justification you have for trading. If all of these ingredients are sufficiently present, then regardless of the internal obstacles you find yourself up against, what you desire will eventually prevail. The first step in the process of creating consistency is to start noticing what you're thinking, saying, and doing. Why? Because everything we think, say, or do as a trader contributes to and, therefore, reinforces some belief in our mental system. Because the process of becoming consistent is psychological in nature, it shouldn't come as a surprise that you'll have to start paying attention to your various psychological processes. The idea is eventually to learn to become an objective observer of your own thoughts, words, and deeds. Your first line of defense against committing a trading error is to catch yourself thinking about it. Of course, the last line of defense is to catch yourself in the act. If you don't commit yourself to becoming an observer to these processes, your realizations will always come after the experience, usually when you are in a state of deep regret and frustration.Observing yourself objectively implies doing it without judging about yourself. This might not be so easy for some of you to do considering the harsh, judgmental treatment you may have received from other people throughout your life. As a result, one quickly learns to associate any mistake with emotional pain. No one likes to be in a state of emotional pain, so we typically avoid acknowledging what we have learned to define as a mistake for as long as possible. Not confronting mistakes in our everyday lives usually doesn't have the same disastrous consequences it can have if we avoid confronting our mistakes as traders. For example, when I am working with floor traders, the analogy I use to illustrate how precarious a situation they are in is to ask them to imagine themselves walking across a bridge over the Grand Canyon. The width of the bridge is directly related to the number of contracts they trade. So, for example, for a one-contract trader the bridge is very wide, say 20 feet. A bridge 20 feet wide allows you a great deal of tolerance for error, so you don't have to be inordinately careful or focused on each step you take. Still, if you do happen to stumble and trip over the edge, the drop to the canyon floor is one mile. I don't know how many people would walk across a narrow bridge with no guardrails, where the ground is a mile down, but my guess is relatively few. Similarly, few people will take the kinds of risks associated with trading on the floor of the futures exchanges. Certainly a one-contract floor trader can do a great deal of damage to himself, not unlike falling off a mile-high bridge. But a one-contract trader also can give himself a wide tolerance for errors, miscalculations, or unusually violent market moves where he could find himself on the wrong side. 1. all our beliefs are in absolute harmony with our desires, and 2. all our beliefs are structured in such a way that they are completely consistent with what works from the environment's perspective. Obviously, if our beliefs are not consistent with what works from the environments perspective, the potential for making a mistake is high, if not inevitable. We won't be able to perceive the appropriate set of steps to our objective. Worse, we won't be able to perceive that what we want may not be available, or available in the quantity we desire or at the time when we want it. On the other hand, mistakes that are the result of beliefs that are in conflict with our objectives aren't always apparent or obvious. We know they will act as opposing forces, expressing their versions of the truth on our consciousness, and they can do that in many ways. The most difficult to detect is a distracting thought that causes a momentary lapse in focus or concentration. On the surface this may not sound significant. But, as in the analogy of the bridge over the canyon, when there's a lot at stake, even a slightly diminished capacity to stay focused can result in an error of disastrous proportions. This principle applies whether it's trading, sporting events, or computer programming. When our intent is clear and undiminished by any opposing energy, then our capacity to stay focused is greater, and the more likely it is that we will accomplish our objective. You have to be able to monitor yourself to some degree, and that will be difficult to do if you have the potential to experience emotional pain if and when you find yourself in the process of making an error. If this potential exists, you have two choices: 1. You can work on acquiring a new set of positively charged beliefs about what it means to make a mistake, along with de-activating any negatively charged beliefs that would argue otherwise or cause you to think less of yourself for making a mistake. 2. If you find this first choice undesirable, you can compensate for the potential to make errors by the way you set up your trading regime.
Education
by moonypto
BTCUSD: Death to the B*TC*After 7 years of studying charts, you start to see obvious patterns that beginners miss. I know that the majority of the market is buying BTC now after the trend line breakout. The charts suggest it and so does the sentiment. So what will I be doing if the majority are buying, SELLING. I don't want to be greedy, I simply want to find an area to sell from in this region to clear some of the buyer liquidity from the market. Anyway, it's been a while! I have committed to start posting here again. I have nothing to sell you, I trade for fun and don't need your money - I hope you enjoy my content.
Short
by AlkalineFX
8
Course About trading from scratchTHE ART OF CHARTING IF YOU ARE INTRESTED IN MY COURSE I CAN SEND IT TO YOU FOR FREE What you will get in this course : 01 Min STRATEGY Bonus EP01- Stock God -Purge Strategy -Building Mental capital -High Probability Trading EP02 Futures Don't lie -How Future Markets Works And how we can literally see big banks and hedge funds uyilizing liquidity -SIM data Analysis -importance of journaling and 30 day journal -trading plan refinement EP03 Stock God -How to backtest -Building Watchlist -HTF Direction bias -LTF framework -Psychology Aspect ANTFX EP04 -Trading plan on how practic Velocity -How to become demo baller before live -RR and how its not as important as you think JoshChartlab EP05 -Trading Psychology -Mindset -NY seesion Trading -Intraday Sauce on lower time frames -Walking ithrough his intraday trades
BITSTAMP:BTCUSDEducation
by FTraderx25
LET'S GET REAL: Stop Strategy Jumping!Hey Traders, This one is going to be a little bit different, a little bit deeper and a little bit harder to listen to rather than usual technical analysis. I recommend you sit down and listen to this. Have a think whether it relates to you or whether you found yourself in this position, or even if you've gone through this position and share your experience on how you go through it. A lot of traders struggle with their strategy, jumping from aspects of trading and that's why so many educators out there make a lot of money off of them. It is time to stop. In this video I outlay a challenge that I put to all the traders who may find themselves in this position to sit down and to thoroughly test their current or previous strategies and understand them on a deeper level. No more jumping around, no more looking outwards. Let's start looking inwards. Let's see the data that we have handed to us and what we can do to improve that data. If you enjoyed this video, please leave a comment. Leave a like, if we do get enough likes and comments, I will make a Part 2 on how to go about this with a more depth avenue while using different resources. As always, have a fantastic training week.
Editors' picks
Education
by the5erstrading
222
How to lose your deposit quickly? Easy to follow Step-By-Step🔥Why am I qualified enough to teach you this? I lost 16 deposits and in 6 years I heard dozens of stories of people who lost their life savings in a couple of months by trading. I have personally tested many of these rules and confirmed that they work. So what are we waiting for? Lets get it started! 1. Trade with maximum leverage There is no need to trifle, the bigger leverage is, the greater your profit will be🤑 2. Don't use stop losses SL’s are for the weak. You probably remember how many times your positions went in the right direction after you closed them by stop loss. Stop losses are evil🤮 3. Average losing positions Everything is simple here - the more you average, the less you lose. That means you can keep going. Nothing ventured, nothing gained🥂 4. Use your last money and don’t be shy to borrow The more money you put in, the more money you pull out. Since you are 100% sure that BTC will grow, take loans not only in banks, but also from shady organizations, do not look at interest - you will repay everything back in a month anyway, and your profit will cover any losses💵 5. Trade only when you have been fired from work, haven't slept all night, your girlfriend/wife has left, or you have quarreled with relatives When everything is bad in your life, it is better to do what you do best - trading. Having earned a lot of money, you will not only be distracted from everyday problems, but also regain confidence and a smile on your face!😉 6. When you closed a losing position, immediately open a new one with double volume to recoup losses You came into trading to win! So win and never admit defeat! You are Hercules and defeating everyone in the market - this is your 14th feat! No step back, only forward!✊ 7. Prioritize Elon Musk's conspiracy theories and tweets over technical analysis Do you already have the conviction that the Illuminati run the market and every time you open a position and the market goes in the opposite direction, the Illuminati move to harm you? If not, then quickly look at your lost trades. You did everything right, but you still lost money. Why is that? Just don't tell anyone...🤫 8. Believe that trading is luck and the odds are always 50/50 This makes it much easier to make decisions. If black has fallen out on the roulette wheel 2 times in a row, then the chances that red will fall out are much greater. Therefore, do not hesitate to go against the trend, probability theory is on your side 💪 9. Stop exercising your body and mind You will need neither a healthy body nor a focused mind in trading. You only need your eyes to see “buy“ and “sell“ buttons, you don't need much intelligence for this. Being in the green zone? The green zone is a myth for suckers who engage in self-deception.😏 10. Quit your daily job Since you already created an account on Binance a week ago, watched a couple of trading videos, sorry, I meant in-depth educational materials, and even have already made a couple of successful trades, then it's time to finally quit that boring job. The road to millions is open, it remains only to take the last step.🤩 11. Manage your friends money Why getting rich alone? Take your friends and family with you. They will be grateful later.🙌 12. Don't look away from the screen until you've regained every last cent. Winners don't walk away with losses. Make sure your deposit has at least doubled before ending a session.😎 13. Never fix profits. If it has grown a little, then it will grow more. Do you remember how you closed the position when the coin grew by 5-10%, and then it rose another 200%? That’s what I’m talking about. Don't close too early, keep trades for the maximum profit.📈 14. Trade at night If you don't have time, don't give up. There is always an opportunity to earn. Even after a hard day at work.🤜🤛 15. Analyze the market on a 5m timeframe and trade on the 1m. Opportunities are always there - the main thing is to be open to them.🤞 I hope these tips will help you quickly drain your deposit down and return to a normal life. If you liked them or you are already using them, please click Like and leave a comment so that I understand that it is valuable to you and will continue to write educational materials in the future.✌️
Education
by Artem_Dishel
32
The Short Education about Forex and the Players here Part 1Today i want to text some words about the main players in the Forex. Who is the main traders? Look.... We could categorize the major players in the market in some groups, but the main that is: 1. Commercial and invesment banks. It is very important part of all market and all players have to work with the investment banks to work on Forex, so Investment banks and commercial bank is the foundation of the Forex market. 2. Central banks. It is also the major participants but they are separated from commercials and investments, becouse of different goal they are after the exchanging. Their main goal is to influence the money supply within the country and control the imbalance associated with various situations within countries or geopolitical problems. 3. High-net-worth individuals It is a persons with hight net-worth. Al of them working with investment and commercial banks. In the American private banking business, such a person is defined as having investable assets of more than $1 million, which excludes his primary residence. There are also a few other groups, but these are the main ones that we are interested in and we can call them major players or almost big ones. Now let's get back to the techical part, all of these major players place stops in the double circled zone on the chart. So it is a bis SALE place. And the most important thing is that we have already reached it on this pair, even closed a few candles, so think for yourself.😉 Ask questions in the comments.
Education
by MiriamRapoport
Learn How to Trade Double Bottom Formation | Full Guide 📚 Hey traders, If you are learning price action trading, you definitely must know a double bottom pattern. Double bottom is a reversal pattern. It is applied to spot early market reversal clues and catch the initiation of a new bullish trend. Preconditions for a double bottom: 1️⃣ The market must trade in a bearish trend. 2️⃣ After a formation of the last lower high, the price must set equal low. 3️⃣ The price must return back to the last lower high level. ✅Once these conditions are met the pattern is considered to be completed. The formation of the pattern is considered to be a ⚠️WARNING sign. Even though many traders buy the pattern once it is completed, for me it is not enough. ❗️Remember that the price can easily start to consolidate and form a horizontal channel for example. The trigger that we will look for is the breakout (candle close above) the last lower high level (based on a wick and its highest candle close) - the neckline. Being broken to the upside, the market sets a new higher high. It signifies a violation of a current bearish trend. ⬆️Attempting to catch an initiation of a bullish trend, we will buy the market with a buy limit order on a retest of a broken neckline. ❌Safest stop will lie below the lows of the pattern. 💰Your reward must be at least 1.5 of your risk. Following these simple rules, you will be impressed by how accurate this pattern is! ❤️Please, support this idea with a like and comment!❤️
Editors' picks
Education
by VasilyTrader
16
TRADING BASICS | What is a Pip? 📚 📏Pip is a measurement of the price change in a currency pair trading on the forex market. In most cases, pip is the equivalent to 1/100th of 1%. That rule is applicable to all the currency pairs quoted to the 4th decimal place like EURUSD. ➡️Current EURUSD price is 1.1696 6 is the 4th decimal place representing a pip. If the pair moves from 1.1696 to 1.1697, that 0.0001 USD rise in value is ONE PIP. ❌That rule is not applicable, for example, to USDJPY which is only quoted to 2 decimal places. ➡️Current USDJPY price is 109.62 2 is the 2nd decimal place representing a pip. If the pair moves from 109.62 to 109.63, that 0.01 JPY rise in value is ONE PIP. 🦉The word pip stands for "price interest point" or "percentage in point". Even though a pip might appear as an extremely small unit of measurement, in leverage trading even the one pip price change of the instrument may lead to a sufficient gain or loss. ➗How to calculate the value of a pip? Each and every currency has its own relative value. In the following example, I will show you how to calculate the value of a pip for a particular currency pair. USD/CAD = 1.2753 Reading that as 1 USD to 1.2753 CAD or 1 USD / 1.2753 CAD 1 Pip = * 1 USD = 0.00007841 per unit traded. Following this example, if we trade 10.000 units of USD/CAD, then a one pip change to the exchange rate would be approximately 0.78 USD change in the position value. Alternatively, pip value can be calculated with various calculators & apps. I hope that with these examples and my explanation you will understand the concept of a pip easily. Let me know what do you want to learn in the next posts! ❤️Please, support this idea with a like!❤️
BITSTAMP:BTCUSDEducation
by VasilyTrader
15