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Orderzones Explained : A form of Support & ResistanceHello traders! In this educational idea im going to be going over the 5 different main types of Order Zones on Crypto Charts & how i identify and draw these zones, aswell as what they are used for. Orderzones are a way of marking on the chart historically significant areas where price had strong reactions to. The price tends to come back to these areas and have strong reactions, the Order Zones act as a form of Support & Resistance. For those who are new to Technical Analysis ; "Support" is a area on the chart price and demand (buying pressure) increases from, with "Resistance" being the opposite, with price decreasing and sell orders (Supply of asset) increasing from the latter. Why do i use Order Zones? -Reduces risk & increases probability of potential trades -Trying to trade with; not against larger size traders such as institutions that use similar price levels due to historic signifcance -Providing clear entry and exit points to calculate Risk:Reward Ratio (R:R) -Providing reference points to capitalize on historical areas of market volatility -Allows us to reduce clutter and find key areas as the volatility on Crypto makes it difficult to chart We have 5 main types: -Supply Clusters -Demand Clusters -Single Candle Supply -Single Candle Demand -Orderblocks Supply Clusters & Demand Clusters First we must find areas on the chart that look similar to a tightly squeezed together rectangle . Price should then make a "thrust" (major increase, or decrease in value) from this rectangular area. We use the Rectangle Tool to draw a zone across these areas. In the below image you can click for a in depth explanation of how to use these clusters in your trades. Single Candle Supply & Single Candle Demand To draw and identify the Zones first we must find areas on the chart where a strong reversal occurs, at the start of the trend reversal, or at swing points we can find larger then normal "wicks": (wicks are the thin, needle points at the end of the candlesticks ) as you can see in the above and below images.) Click the below image for a in depth explanation of how to use these zones in your trades. Orderblocks Orderblocks are the small square shaped candle bodies, usually found in between significant price moments. They are small "pauses" before the next move. We use the Rectangle Tool to draw a zone across these areas. In the below image you can click for a in depth explanation of how to use Orderblocks in your trades. If you take some time to go back over your charts (especially on the Monthly, Weekly & Daily timeframes) and test out some of these Order Zones, you will see more then often price comes back to these areas before reversing like a magnet towards the next closest Order Zone so they become a useful tool in any traders arsenal. If you found the idea informative show your support by Liking & Commenting thank you!
Education
by Worth_The_Ri5k
4
Market Psychology and Market TopsSuccessful traders are cognizant of the three phases of a market cycle, namely accumulation, public participation, and distribution. The first stage of a bull run is the accumulation phase – this is where the smart money is buying. After a large, long-term sell off, the market bottoms out and it starts moving sideways. This is when the successful investors buy. They recognize that the stocks or cryptos are on sale and it is time to buy. Successful traders are patient and don´t mind sitting on the sideline waiting for the right opportunity. They know it is impossible and dangerous to “chase the market.” They buy when the risk is low and the chance of future advance is very high. Baron Rothchild once said, “The time to buy is when there´s blood in the streets.” Unsuccessful traders get in when the market already has been advancing and the risk/reward ratio is not in their favor. They are greedy, ignorant, and most importantly: easily influenced by what they read and see in the media and on youtube. Rather than doing what is hard and necessary for long-term success, they are attracted to “get rich quick schemes” and alleged trading gurus. A quick check on YouTube reveals the following headlines: “EXTREME BITCOIN BREAKOUT IN LESS THAN 24 HOURS!!!!!!!!” “WHY Bitcoin Will Succeed And Make You Rich” “BITCOIN GOING TO $100,000 IN 2021, BUY NOW BEFORE IT'S TOO LATE!” “LAST CHANCE TO BUY BITCOIN UNDER $20,000! “ “NEW BITCOIN DATA: Bitcoin Following A Path To $100,000 ” “99.9% CHANCE BITCOIN GOES TO $1,000,000!!” “$350k BITCOIN IN 2021? ALTCOINS LIKE CARDANO & LITECOIN ON THEIR WAY TO $1 TRILLION MARKET CAP?” Smart money isn´t influenced by such hype, hysteria, and improbable predictions. It is also significant that the producers of these videos more often than not are trying to sell various products to the watchers and use obvious click-bate and deceptive titles to attract viewers, indicating that trading does not generate enough revenue for them. The next phase is the public participation phase. When it starts you want to be in the market. This is when the market advances. At this time, optimism begins to grow. Pessimism is at its lowest at around the accumulation phase. The last phase is the distribution phase. This is when smart money starts selling while the greedy, uninformed novices hold or buy and believe the stock or crypto will go to “the moon.” Optimism is at its highest at this point. A market top can roughly be predicted by gauging the hysteria vs. pessimism of a particular market. In regard to bitcoin, we see obvious signs of extreme optimism. This is a strong indication that the market has reached its apex or at least is very close to it. A market top is furthermore characterized by a decline in volume, a lack of momentum to push prices higher, sideways action, and higher selling than buying volume; the stock or crypto starts moving sideways and eventually “roll over.” My conclusion is simple: It is extremely unlikely that smart money is buying now – they are prepared to sell or is already selling. Buying now is extremely risky - bitcoin has increased from about $3800 to $20,000 in a short period of time, hysteria is evident, and the market has started to move sideways. Most likely, we are watching a market top and a sharp decline will soon happen.
BITSTAMP:BTCUSDEducation
by korsgaard
2
How to Invest in CRYPTOThis is our guide to investing into the CryptoCurrency Market. 1) Bitcoin Runs the show 2) Top Alt coins will produce massive gains if Bitcoin continues bullish momentum - Focus on the best ones with partnerships / tech / adoption / relevance 3) 99.9% of Cryptos will fail - A small few will see historic price action - Do your own due diligence 2) Dollar cost average into the dips (Highlighted in green) 3) Do not buy near the all time highs & be cautious selling too soon before a potential bull run 4) Take profit at appropriate levels and re-enter when appropriate. Look for Price / Technical analysis confirmations 5) Crypto is a high-risk investment class - treat it that way and do not invest your entire wealth. 6) This market is run by fear / greed / news 7) Do not be scared of high volatility 8) Day trading can be done but preferably on a separate smaller forex account with leverage. 9) Everyone is a Crypto expert in a bull run 10) Ask yourself if you would have been better off just holding or are you really making profits trading? 11) If Bitcoin goes to 100k will you care if bitcoin drops from 19k to 12k? We believe Crypto Currencies will continue to rise in the future & we will continue to take profit at the next ATH and re-enter when is appropriate. This market will make a few rich while others will be crushed. If you believe in Crypto in the future - Buy and HODL. We entered: XRP @ .19c - .3c - .4c ETH @ $100 - $200 - $400 BTC @ 4k - 6k - 8k - 10k Also entered other small CryptoCurrencies. *Currently we are not entering any more positions.
COINBASE:BTCUSDEducation
by GlobalHealthWealth
2
✔️ How To Convert 500 $ To 1000 $ In 1 Month With 0 Risk ✔️✔️ How To Convert 500 $ To 1000 $ In 1 Month With 0 Risk ✔️ 🏦 Account Size : 500$ 🏦 📱 Favorite Pairs To Work On : XAUUSD - EURUSD - GBPUSD - NZDUSD 📱 Lot Size For First Week : 0.05 & Profit Need For First Week : 10% 100 Pips With 0.05 -- 20 Pips Per Day 📍 Lot Size For Second Week : 0.07 : Profit Need For Second Week : 20% 160 Pips With 0.07 -- 32 Pips Per Day 📍 Lot Size For Third Week : 0.10 : Profit Need For Third Week : 40% 265 Pips With 0.10 -- 55 Pips Per Day 📍 Lot Size For Final Week : 0.10 : Profit Need For Final Week : 10% 95 Pips With 0.10 -- 20 Pips Per Day 📍 📍At End Of The Month Account Balance : 1016 $ 📍
OANDA:XAUUSDEducation
by Fx_Vanguard
2
Great Bullish Cycle In The Market + Secret's You Never Know 🗒 Just browsing through my analysis means a lot to me. —— Bullish Cycle in The Market ---------------- Pair Typical Stop Hunt Distance EUR/USD 25 - 50 PIP'S AUD/USD 25 - 50 PIP'S USD/CAD 25 - 50 PIP'S USD/CHF 25 - 50 PIP'S USD/JPY 25 - 50 PIP'S EUR/JPY 50 + PIP'S GBP/USD 50 + PIP'S GBP/CHF 50 + PIP'S GBP/JPY 75 + PIP'S ------------ Use The Bigger Picture ( 1 hr & 4hr Time Frame ) To Identify level' for Possible Enterer's At The Lowest level ( 15 min ) Take Trade's Only From The LOD/HOD A correct Second leg " Peak Formation " Entry Will Use The " Zone Shift " To lock in Profit The " Zone Shift " Is a Move Of 25 - 50 PIP'S Purposed to Trap The Trade Volume Entered at The Extreme of the Price Move The " Zone Shift " is Typically Followed By Two To Six Bars ( 30 - 90 Min ) Of Consolidation To Accumulate Additional order's The Stop Hunt " is Typically Three Drives That May occur in as little as one 15 min bar > three impulses will be noted on " live Candle The End of The " Stop Hunt " Result's in The Extreme ( LOD ) Of The Cycle And Gives The First Signal For Where The Reversal Will Occur A large Impulse Move During The Iridial Channel May Still be Worked By Resetting The Iridial Channel after The Move occurs and then looking For Stop Runs From The reset Channel The High And low Of The initial Channel is Called The " Market Maker Spread " This Is Typically 25 - 50 PIP'S in Hight ------------------------- important Note Additional level 1 Consolidation Note : The Length of The Consolidation after the Stop Hunt Drive To HOD / LOD Depends o The Accumulated Trapped Volume A ) The Previously Accumulated Volume May Be Largest Enough That No Consolidation is Needed And a V Bottom Occurs B ) Extra Time May Be Needed For Volume Accumulation And The Run May Be Direct From The Additional Time ( Half ) C ) Extra Time May Be Needed Followed By And Expected Second - Stop Hunt ( Wide W Pattern )
TVC:GOLDEducation
by GoldenEngine
11
Motivation vs Engagement in trading!What are Motivation and Engagement in trading? 🧐 What are Motivation and Engagement in trading? Motivation is defined here as the energy, drive, interest, and inclination to learn and achieve goals. Engagement is defined here as the behaviours following from this energy, drive, interest, and inclination. Motivation and engagement are desirable ends in themselves (i.e., it is great to be motivated and engaged). Motivation and engagement are also a means to desirable ends such as achievement (i.e., motivation and engagement lead to great things). There are four areas of motivation and engagement, and 11 facets of motivation and engagement within these four areas. Positive Motivation • Self-belief. Self-belief is an essential feature of any successful trader. Belief and confidence in ability to meet challenges you face in the market, and to perform to the best of your ability . • Valuing. Valuing is the extent to which you believe what you learn is useful, relevant, meaningful and important. You can assess the importance of the deal in a given period of time. Assess risks and possible rewards. • Learning focus. Traders, who are learning focused are interested in learning, developing new skills, improving, understanding new things, — not just for rewards they become more successful. I ALWAYS DO ACCESS ON DEVELOPMENT !!!NEVER STOP DEVELOPING !! Positive Engagement • Persistence. Persistence is shown by traders when they keep trying to work out an answer or to understand a problem, even if that problem is difficult or challenging. • Planning (and monitoring). Planning refers to how traders plan assignments, deals. Monitoring refers to the strategies used to keep track of their progress. • Task management. Task management refers to how traders use their time, organise their timetable, and choose their potential deals. Negative Motivation • Anxiety. Anxiety has two parts: worrying and feeling nervous. Worrying is fear about not doing very well , miss an opportunity, losse money etc. Feeling nervous is the uneasy or sick feeling traders get when they think about or do their work. • Uncertain control. Traders have an uncertain or low sense of control when they are unsure how to do well or how to avoid doing poorly. • Failure avoidance (or fear of failure). Traders are traing to failure avoidant but the main task is to learn how to control risks in each deal. Negative Engagement • Self-sabotage. Traders self-sabotage when they do things that reduce their success at the market. Example: Be afraid to enter a deal too early and enter a deal too late. • Disengagement. Disengagement happen a trader after several losing trades. The main thing is not to give up, at such moments you need a support of more experienced traders who went through the same feelings. TO BECOME A SUCCESSFUL TRADER WITH FULLY ENOUGH POSITIVE MOTIVATION AND ENGAGEMENT !!!
BITSTAMP:BTCUSDEducation
by RocketBomb
4
Forex Pairs Correlation: Avoiding Contradictory TradesHello, in this post I will be talking about Forex Pair Correlations. A problem new traders frequently find themselves in is opening/having positions that are contradictory. I will elaborate on that but for now, let's understand first what correlation is. A correlation is a statistical relationship which means that when A moves a certain way, B will move a certain way. The stronger the correlation, the more likely that the price will move along with each other/opposite of each other. There are 2 types of correlation; Positive correlation which is A and B will move together, and negative correlation which is A and B will move opposite of each other. Now that we understand what correlations are, I can address the problem that new traders have. Contradictory positions: For example, having a long position in GPBUSD and a short position in GBPJPY is contradictory since these 2 pair has a 87.5% correlation which means 87.5% of the time, it will move together. As you can see in the graph, when the GPBUSD (Blue) moves up, GBPJPY (Orange) moves up and vice versa. This applies to moving down as well. GBPUSD (Blue) and AUDNZD (Yellow) is an example of a negative correlation (-69.7%). My recommendation to avoid having these problems is if you do not yet have an understanding of which pairs will move up and down together, check this website: www.myfxbook.com This website will show you every pair and its correlation. Of course, there are some exceptions to when contradictory trades are fine like when hedging against each other or when 1 trade is short-term/intraday/scalping, looking at the smaller trends and the other one is swing trading/position trading looking at the bigger trend. However, I do not recommend new traders to hold/open contradictory trades until they have some confidence in what they are doing. Main points: 1. A correlation is a statistical relationship which means that when A moves a certain way, B will move a certain way. 2. Positive relationship = Pairs will move the same way. 3. Negative relationship = Pairs will move the opposite way. 4. New traders should avoid contradictory trades. 5. Website for checking correlations: www.myfxbook.com Please give a thumbs up if you agree with the educational post and if there are any questions, feel free to comment down below.
Education
by AresFx
2
Holy Grail Trading System Hello, my lovely friends!!!💓 🔥Today I have something spesial for you today! 🔥 That's Holy Grail Trading System !!! By “Grail” in trading we mean a unique trading system, that can continuously generate profits. According to the legend of the Holy Grail, those who drink from this cup receive immortality. The idea of ​​this scheme is simple. Only by applying of those three conditions You'll become possible to significantly increase capital💰 🧐Let's go briefly through all elements. The first element, trend trading, I think, doesn't need unnecessary comments. Trending strategies for a trader are the best way to make money. But why is this element alone not enough? Even if a trader has an ideal trend trading system, in the absence of a trend, he will lose money. The trader should be where there is volatility, because volatility = profit. The ship in full calm stands still, no matter what sails he had. There is an element of luck. Yes, there is place for external circumstances on the market - there is nothing to be done with it. Not everything is controlled by the trader. It's especially important for risk-averse traders to learn not to get into the market during periods of low volatility . At the last stage, trader need to find balance between the desire to squeeze as much as possible out of the market and the ability to calmly, without nerves, sit out corrections. When the market turns against the position, the trader still doesn't know whether that's a correction or a trend reversal. While sits in position and makes a decision, this movement eats up part of the floating profit or creates a loss. If the trend doesn't resume, a late trader has to close a losing position. The risk should be approximately, that trader can make such a mistake a sufficient number of times and still be afloat💪🏻 Guys, I try very hard for you💓, I carefully select the material, I want to express my thoughts as clearly as possible! 💋I like to teach, I get special pleasure of it !!! Support my enthusiasm with like! Write in the comments : It was clear for you of not? Maybe you have any questions! I'm glad of your feedback !!! Always Yours Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
22
Why having 2 TP targets is good Hello, in this educational post I will be talking about why having 2 or 3 TP targets is good. As an example, I will be using one of the trades I have running currently on EURUSD. My initial target for this short position is to hit the lowest point of yesterday and it was going well until a pullback happened which is currently happening right now and probably reaching my entry point. If I didn't have more than 1 TP target, this trade could potentially be a loss or a breakeven but since I had another target that is closer to my entry point, I could close half of my position, move my SL to breakeven, and secure some profit. On the graph, you can see that I secured 33.5 pips of profit by closing half of my position so that if the price reverses, I would still gain some profit off of this trade and it did eventually reversed. A rule of thumb I normally use for my first TP is half of my final target or a closer/weaker support/resistance level. I do not recommend having more than 2 or 3 targets if you are relatively new to trading. *This only applies to Intraday Trading, Scalp, and Short Swing Trades.* To conclude all my points: 1. Having another TP before your final target is good to secure profits in cases it reverses. 2. Move to SL to breakeven once your first target is reached so if it reverses, you are guaranteed profit. 3. A rule of thumb I normally use for my first TP is half of my final target or a closer/weaker support/resistance level. Please give a thumbs up if you agree with the educational post and if there are any questions, feel free to comment down below.
Education
by AresFx
5 Steps Forex FOMO Battle PlanFOMO = Fear Of Misssing Out . Here's How You Can Counter it Trading Plan Following Your Trading Plan Doesn't Allow For Impulsive Trades > The Habit Will Control The Urge To Make FOMO Mistake's Confirmation Wait For Confirmation Before Trading > Better Enter a Trade late and be Right Than Enter Early and be Wrong Order Type Plan Ahead . Use limited and Stop orders instead of Market order's . it will take away the Stress Price Alerts Keep Up To Date of Market's Without Being in Front Of Forex Chart's 24 / 7 . Know Your Self Be Disciplined . Be Patient There Will Always Be Opportunities
TVC:GOLDEducation
by GoldenEngine
2
The second series - MIND OF THE MARKETMIND OF THE MARKET Stage 1 Consolidation - ambiguity ) --------- the market is mostly unnoticed and underappreciated by the public Smart Money begins to nibble up the supply Stage 2 Opportunity -------- The Smart Money Aggressively Place Buy Order Late Stage 2 Fear of Missed -- Opportunity Greed -- ---------- They Hard Finally Buy's - To Near The Top The Smart Money Take's Some Profit Stage 3 ---------- The Hard Stampedes into market While The Smart Money Takes Profit The Market Moves Down and Up in Erratic Rising Uncertainty Stage 4 ----------- The Smart Money liquidates and inflated short positions the herd thinks The Market Is Cheep and Buys Late Stage 4 ------------ The Herd Finally Gives Up and Sells The Smart Money Covers Their Short Positions By Buying into the hoard's Selling Stage 1 Consolidation - apathy ) ---------- the herd has forgot about the market , The Smart Money merely watches and waits for the next Opportunity in this market
TVC:GOLDEducation
by GoldenEngine
6
Discipline or Motivation?💥Welcome friends!💋 What's more important to you: Discipline or Motivation? Today we'll talk about it.😊 There are two main ways to force yourself to do something: ⚡ the first, most popular, is try to motivate yourself; ⚡ the second, less popular, is to develop self - discipline. What's the difference?🧐 Motivation is based on the erroneous assumption, that a specific mental or emotional state is needed to complete a task. Discipline separates activity from moods and feelings and thus bypasses the problem. The consequences are staggering. Simply put, you don't have to wait until you'll in Olympic form to start training. No, you train to achieve this form!!!! Why discipline is more important than motivation ? IMHO🧐 Chasing motivation means, that we need to do only what we're in the mood for. The trick is to cut the connection between feelings and actions, to do right thing anyway. You will feel good and energetic afterwards. To achieve success with only motivation is the wrong way. You risk losing your enthusiasm very quickly. Since real life in the real world sometimes requires people to do things that can't always be done only with enthusiasm, sometimes willpower is needed. Motivation has a tiny shelf life and needs to be constantly updated. Motivation is not the best foundation for your normal daily activities, and it is unlikely to help you achieve long-term results. Discipline is a motor, that once started and constantly supplies energy to You. For consistent, long-term results, discipline trumps motivation. Discipline is when you do something even when you're not in your best condition. Discipline is more or less permanent, and motivation is fleeting. How to develop discipline? 🧐 You need to acquiring habits - starting with small, even micro ones, gaining momentum, using them to make further changes in daily life. THE MAIN ADVICE TO YOU: Even if it's difficult for you - fight!🔥 The hardest fight is the fight with yourself! But the victory would be so sweet💪🏻 Thanks for Your attention🙏🏻 Stay in touch🧡 Sincerely yours Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
6
Financial Plan PROCESE TO ACHEIVE 1 - Assessment You must have the right climate and the right environment to help you succeed. And extra money can meet your needs ----------- 2 - GOAL SETTING You must have clear goals, whether in the medium, long or long term, and you must work hard on them and have a plan for how to achieve those goals. 3 - Creating a Plan You must have a clear plan of action that you should not deviate from, no matter what it costs you, and calculate the risks and rewards, and not allow yourself to go beyond or out of context. ----------- 4 - EXECUTION Eliminate mistakes and learn from them so that you can always develop and keep pace with market conditions ---------- 5 - Monitoring Learning constantly and working on self- development and not being satisfied in a specific way for profit Always find new and effective methods with market variables
TVC:GOLDEducation
by GoldenEngine
6
# The first part of the series - Mini Market Cycle Analysis📋 Educational —————**- 🗒 Just browsing through my analysis means a lot to me. —— # The first part of the series - Mini Market Cycle Analysis ------- Mini Market Cycles and how to Know where is the market By looking in Chart ------ This part is an introductory one and not in the pro stage You just have to train your eyes on it. Because this series consists of 10 parts, each part is more difficult than the one before it -------- Good luck to All
TVC:GOLDEducation
by GoldenEngine
Choose YOUR own CORRECT way 🙏🏻My dear - dear Friends, probably one of the biggest reasons, newbies come to the crypto market is quick and easy profits. Indeed, the Internet are full of different advertisements, that making money can be easy and effortless on the Crypto market, but that's not true. Now I'm ashamed to admit, but ones, I came here for the same reason.🤦🏻‍♀️ And like many newbies, I made many mistakes. Any person, who wants walking trader's journey has initially two roads - (on the picture I marked them as "correct" and "wrong"). That's my subjective vision, which I demonstrate you after passing the difficult path of my own. WRONG WAY: ◽ Waiting for quick money. ◽ Changing the trading system after each loss. ◽ Using different approaches without understanding them. ◽ Looking for a trading guru, who promises a big income in the shortest time. CORRECT WAY: ◽ Realize that's ok to loss money, but need try to control risks and analyze our own mistakes. ◽ Desire to develop Yourself . Create your own trading system and improve it. ◽ Carefully study the main approaches, analyze what works best for you. ◽ Find someone, who will point out Your mistakes, can help with advice, but wouldn't do all work for you. Having gone the wrong way, I decided to go back and start from the very beginning. And I'm not going to stop!Only forward! I really hope my post helps newbies. It's impossible to avoid all mistakes, everyone has their own path. But how comfort it will be, that's all depends on you! But we Ukrainians say: "Forewarned is forearmed!" I wish You patience, strength, perseverance and a huge desire to conquer the market, because every minute it is filled with different opportunities. But without knowledge it will be very difficult to "catch" these opportunities! Stay safe and optimistic🙏🏻 I try to be useful to You🧡 Always sincerely with You😊 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
21
💡Ascending Triangle in ZECUSD - "Learn More Earn More" With USAscending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows . It is defined by two lines: . A horizontal resistance line running through peaks. . An uptrend line drawn through the bottoms. The higher lows indicate more buyers are gradually entering the market and buying pressure increases as price consolidates moving further towards the apex. An ascending triangle is classified as a continuation chart pattern . If price can break through the resistance level, that level will now act as a support level. Breakouts can also happen in both directions. Statistically, upward breakouts are more likely to occur, but downward ones seem to be more reliable. In most cases, the buyers will win this battle and the price will break out past the resistance. But Sometimes the resistance level is too strong, and there is simply not enough buying power to push it through. Therefore you should be ready for movement in EITHER direction. ENTRY: We would set an entry order above the resistance line and below the slope of the higher lows . TARGET: Target is approximately the same distance as the height of the triangle formation. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
POLONIEX:ZECUSDEducation
by ForecastCity
11
How to Trade the Breakout of a Range 101In this post, we will learn how to trade the breakout of a clear range. Let's start learning. a) First of all, we need a clear Range ( we can say that is clear when we have a support and a resistance level and the price in between for a considerable amount of time) b) From a technical perspective, the expected movement after a range is broken is the extension of it in the broken direction (green arrow) c) Also, we will see how that projected movement fits in the context of the chart. In this case, we will look for the next resistance zone. d) The correct way of identifying a resistance zone is by looking for clear reversal movements in the past. Ignore small corrections. Look for reversal movement and define it with a horizontal line ( in this case, we used 2 yellow arcs to show the idea) e) Now you can see two things. 1) The projected distance of the range is very similar to the distance towards the next resistance zone 2) You have good space to try to catch a wave f) But how can I trade a situation like this? You need a CONFIRMATION. In this case, we always wait for corrective structures (remember that corrective structures can be Flat, Zig Zag, Triangles, or Irregulars) g) Wait for a clear corrective structure on the Edge of the broken Range. IF that happens, you need to define its edges, and from now, it's straightforward. (You can also look for a corrective structure on a lower timeframe; for example, if you define the range on the 4HS chart, you can change your timeframe to the 1H chart.) h) Open positions on the Breakout of the structure, Set stop loss below the structure, Set take profit on the next resistance zone, Define the risk you will take on the trade i) Use this as an archetype on how to trade this type of structure. Have a great day!
NYSE:GEEducation
by ThinkingAntsOk
MA on BTC 🚀💣How to use moving averages!!! A moving average is used to help us forecast future prices and help us identify a trend. By looking at the slope of the moving average, we can better determine the potential direction of market prices 📈⁣ There are two types of moving averages✌🏼⁣ 🔵Simple MA⁣ 🔴Exponential MA⁣ With the use of SMAs we can identify if a pair is trending up, trending down or ranging. The one problem with SMAs is that they are susceptible to spikes. Signals can be false.⁣ EMA’s let’s traders know what is happening in more recent price action.⁣ Disadvanrege of using EMAs is that consolidation periods can present fakeouts The best use MAs in conjunction to eachother. Wait for crosses and use the MAs as a confirmation before enter into deal GOOD LUCK🧡⁣
BITSTAMP:BTCUSDEducation
by RocketBomb
12
OUR health 🧡Hello, friends!💋 It occurred me write a very useful post for you! 💪🏻 ❗❗The trader's activity is filled with daily stresses, worries and psychological stress. At the same time, most traders do not pay due attention to maintaining their health.❗❗ Reasons for Careless Traders' Health 💥Belief in the magical power of money. 💥 When you just start the path to big money, it seems that you can buy everything on them. But, unfortunately, this is not entirely true. You can buy the services of the best doctors in the world without any problems. The problem is different: medicine, unfortunately, is not omnipotent yet. 💥Risk appetite💥 Traders are accustomed to take risks, many of them have an increased craving for adventurism. And adventurous natures can even put their health at stake. 💥The habit of stress and nervous overload💥 Traders are used working in a stressful environment, which seems normal for most of them. People don't think about the consequences of constant stress.😔 So it shouldn't be!!!🙅🏻‍♀️ Let's develop and get better together💪🏻 💥Underestimation of danger💥 Many of us consciously sacrifice health in order to achieve the goal. Worst of all, when a trader (like many businessmen) has an attitude to health as a resource that can be invested in business. The peculiarity of the psychology of a person who tends to success, like an armored train, is the ability to surrender to the business without a trace. 🔥What should be done to reduce the impact of negative factors on the psychological state? 🔥How to maintain and protect your health? 🔥How we can become strong and successful person? 🔥How to find time for a healthy lifestyle? ❗❗❗Don't neglect such important knowledge. ❗❗❗ 🔥Start taking care of your health right now!🔥 ✍🏻If you liked my post, put like, write comments, ... Always Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
15