Brakout or Fakeout ?Hello traders , As you can see in the related EURUSD idea I published sooner , I mentioned that IF we had a breakout of structure you can enter a long position ...
But what happened then ? when you see a candle breaks the resistance area , that dose not mean that you can enter a long position . Actually it's the first sign of a long position of course.
you should go through lower time frames to see a Weakness for sellers to enter a long position.
in the next bear candle we can clearly see no Weakness which means this was a FAKEOUT ...
Educational
BTC on the Daily 🦬*NOT FINANCIAL ADVICE: DYOR - This idea IMO for personal use only*
==========================================================
Using naked price action Analysis.
🔸 finally see some structure with higher lows and lower highs (triangle formation)
🔸 established levels on the daily and 1hr chart (plus 15, 5 and 1 min chart for scalping)
🔸 added 21 EMA, the ADX / DI indicators just to compare methods
🔸 On-chain data indicates retail newbies FOMO'd into BTC after Tesla announcement (X factor) in Feb, then sold at a loss out of Fear in May.
I'm still BULLISH AF. We are still on track and in an uptrend. If in doubt, scale-out.
In this case, remove the X factor which massively influenced the market (whale manipulation between Feb - May, ie TESLA / MUSK FUD) and we are back on track in the $35K zone where we originally left off in Feb 😉
As always, watch for volume. Do your own research, check on-chain data. Always be watching BTC.
This is not Financial Advice.
Good chat.🤖
Stop focusing on the uncontrollable 🙌We have all been guilty of this at some point as traders.
The only thing that matters to us is the returns or the potential returns 🤑
Our only focus is those returns which we have no control over 🤦♂️
When returns become the only focus we fail to focus on other elements we do control that will get those much wanted gains.
Once upon a time I focused on a target each day then each week and month as my only focus.
Sometimes the targets were met but most the time wildly missed and I spent all my time chasing money back.
Once I started focusing my efforts on the four elements posted in this idea I can control the returns started to come naturally.
Every trade idea I post does have the trade history attached for transparency which includes returns.
However these returns come via focusing my risk, costs, time and emotions all correctly.
Risk is controlled to sensible levels capital.
Time is managed correctly as automation and building proven strategies has freed me up from excessive chart time.
Costs are controlled as I'm not re-depositing to my account all the time.
Above all else my emotions are in check due to working to proven plans along with a systematic/rules based approach negating the need for stressful decision making.
Getting those four control elements dialled in to my trading helped the all important returns to flourish.
Focus on the elements you can control and not the ones you can't and trading will get a lot more simpler.
Thanks for taking the time to read my post 👍
Darren.
🎓 EDU 7 of 20: Use the Power of Intermarket Analysis 🔀Intermarket analysis is an often neglected and overlooked type of analysis among traders. However, it's a powerful tool that can help you anticipate future price movements by following the performance of other, closely-related markets.
Intermarket analysis refers to the analysis of other asset classes that can provide valuable and actionable insights into related markets, such as forex.
In this part of our Intermarket analysis lesson, we'll be focusing on a specific asset class that has a very close connection with currencies: the sovereign bond market and yields.
As you already know from my previous educational posts, currencies tend to follow interest rates. With the fall of the Bretton Woods agreement, currencies became freely-floating and capital started to move to places with the highest yields, which meant higher returns for investors.
For example, if Australia has a 3% interest rate and Japan a 1% interest rate, investors could buy AUD to collect a 3% rate and short JPY by paying a 1% rate, leaving them with a net profit of 2%. This is how carry trade work, and the long AUD/JPY was one of the most popular carry trades given the large yield differential between Australia and Japan.
That's why you need to follow yield differentials in your trading. The chart above shows the EUR/USD pair, and the 2-year yield differentials between 2-year German bonds and 2-year US bonds. Notice that we're using German bonds (also known as "bunds"), since Germany is the largest European economy.
To add yield differentials to your chart, simply hit the "+" (compare) above your chart and type in "DE02Y - US02Y" with a space between the symbols. This also works for other currencies. Here is a list of symbols for the major currencies and their respective bond yields: US02Y, CA02Y, GB02Y, DE02Y, JP02Y, AU02Y, and NZ02Y. The currency should be self-explanatory from the symbols (note, we also the German 2-year yield when analyzing CHF.)
Notice how the exchange rate closely followed the differentials in yields. When German yields rose compared to US yields, capital inflows to the euro area increased demand for EUR, which lifted the exchange rate.
Similarly, when US yields rose compared to German yields, capital inflows to the US increased demand for USD, and the EUR/USD pair fell (meaning a stronger USD.)
The dots you see on the chart are the individual bond yields (DE02Y and US02Y), because I like to have a picture of why the yield differential line is rising or falling (i.e., did the line fall because US yields are higher, or because German yields are lower?)
We are using the 2-year yields, because they tend to closely follow the monetary policy stance of the respective central bank. In other words, when the ECB turns hawkish, the DE02Y tends to rise (signaling higher interest rate expectations), which in turn would push the yield differential line higher (and most likely the EUR/USD pair as well.)
In the next part of Intermarket Analysis, we'll take a look at how other markets can impact currencies, like metals, commodities, and energy.
Please hit the "Like" button and follow, so you won't miss future trade ideas and educational posts!
$AESE Big W chart pattern $AESE Big W chart pattern
Its a very common pattern, always 2X-4X Returns, its a given...
Higher highs with Pull-back b/w Resistance levels
Need to break out of Resistance entering channel to confirm launch
Consolidation above the Resistance, Strongest Wyckoff Re-accumulation pattern
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Everything about the Stochastic oscillator !!!!Hello everyone , as we all know the market action discounts everything :)
A lot of people asked me about the Stochastic oscillator so i prepared this video for you guys explaining it please enjoy .
or if you prefer to reading :
First thing you need to know is that the stochastic oscillator is a momentum index just like the RSI it looks at the price momentum.
A DR.George Lane developed it in the 1950s.
So let us talk about the stochastic oscillator now
it has 2 lines %K (blue color) and %D (Red color)
this is how we use it :
1_ the Stochastic oscillator indicates overbought and oversold state of the market cuz the stochastic is a bounded indicator that means its bounded between 0 and 100 range ( above 80 overbought , bellow 20 oversold )
2_we use it to identify buy and sell signals using crossovers:
• If %K crosses below %D then it’s a sell signal
• If %k crosses above %D then it’s a buy signal
3_Divergance between the price and the Oscillator
We have 2 types of the Stochastic Oscillator:
Fast and slow
The difference between the Fast and Slow stochastic is:
1. The Fast stochastic is more sensitive than the Slow stochastic ( the most common problem for oscillators is the number of false signals that they give so the Slow stochastic tries to solve that problem )
2. Slow stochastic smooths out the %K line by averaging over (d) period
so let me make it simple the %K line in the Slow Stochastic is like the %D in the fast stochastic
Now let us talk about the Formula
%K=100. (C-Ln/Hn-Ln)
Where C is the current closing price
Ln is low in (n) period
Hn is high in (n) period
(n) Is the number of period and the default value for (n) is 15
Now the %D is calculated like this
%D=average %K/ (d) period
(d) Is the number for period and the default value for (d) is 3
Make sure to Follow and Like for more content
If you have any questions please ask
Thank you for reading & watching .
how to predict wavelength from the chart (BNB USDT )fırst up wave made 23% and the down wave moved 16%
second up wave moved 15% and the down wave 10.4%
from these numbers we found a pattern
1- 16/23 = 69%
2- 10.4/15 = 69%
3- 15/23 = 65%
4- 10.4/16 = 65%
5- 15*65% = 9.75%
6- 10.4*65% = 6.76%
7- 6.76/9.75 = 69%
from these numbers we fıgure out from first up wave and down wave as u noted the length of down wave is 69%
and the second up and down trend was 69% ,
and the second up and down waves equal 65% first up and down waves
so we can predict next up wave and down wave
next up wave 9%
down wave 6.76%
[Trade Review]How I traded $SQ,$ROKU, $HD, $ROKu again.. HUGE FIn this video I will reviewing trades I took on July 1 & 2nd , 2021 which were $SQ, $ROKU, $HD, After taking a massive hit we recovered well with patience and some time to clear our mind and a little bit of backdating we made a huge comeback on the small account! Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emma's, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always!
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The Moving Average Explained !!! Hello everyone , as we all know the market action discounts everything :)
A lot of people asked me about the MA and how to use it so i prepared this video for you guys explaining it please enjoy .
or if you prefer to read :
what is a moving average : its a simple technical analysis tool that smooths out price data by creating a constantly updated average price..
we use it to to create sell and buy signal (if the price is above the MA then it’s a buy signal , if the price is below the MA then it’s a sell signal )
Now lets talk about the different types of moving averages :
1_ the simple moving average (SMA)
2_ Exponential moving average (EMA)
Notice that the simple MA line is slow which means if the trend moves quickly its gonna take time for the simple MA to move and this is a problem called LAG , but the Exponential MA (EMA) tries to solve this
The EMA is the same as the SMA except it gives more weightage to recent price action
What does this means , it means when the trend changes quickly so does the EMA , the response time on the EMA is much faster then the SMA
So what if we combined them both to try to understand where sell and buy signals are . That’s called a crossover
3_weighted moving average (WMA) it simply combines the features of the SMA and the EMA
Its basically like a hybrid car it uses electric engine and a diesel engine so it has both of the two worlds ,, how ever the WMA is not as poplar as much as the SMA and the EMA
And that’s it now u guys have a better idea on what is a moving average is and its different types
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If you have any questions please ask
Thank you for reading & watching .
[Trade Review]How I traded $SQ, $HD HUGE FUMBLE, $TLRY, $MSFT, $In this video I will reviewing trades I took on June 29, 2021 which were $SQ, $HD, $TLRY, $MSFT, $baba Along with an explanation of my plan as well showed you guys my TA for some possible set ups! Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emma's, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always!
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Price Action patterns that i like to tradeHello guys hope u are all having good week. I will start with this series and i will name it patterns that i like to trade. If u like it drop a like and comment and maybe i will start doing full video breakdowns in the near future. Wish u to catch many many pips this week.
[Trade Review]How I traded $DIS 200% GAINS, $TLRY, $MSFT, FUMBLEIn this video I will reviewing trades I took on June 28, 2021 which were $TLRY, $DIS, $MSFT, $ZM from watchlist I provide from the stream on Saturday! Along with an explanation of my plan as well showed you guys my TA for some possible set ups! Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emma's, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always!
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HOW TO buy shitcoins?Hey guys,
Many people asked me how they can get some altcoins they had in mind (AKA "shitcoins"), so I thought why not publish an idea?
I'll make this short.
There are three main ways to buy these coins:
1. Trust Wallet (PancakeSwap & UniSwap)
2. Enterprise websites
3. Any cryptocurrency exchange provider
Trust Wallet
First, you have to make a Trust Wallet. You can use crypto.com or any other platform you like, but make sure it supports BNB.
Then buy some BNB and then transfer it to your Trust Wallet address.
After your transfer is processed, open your BNB page on your Trust Wallet and then swap it to the Smart Chain (Because you will be using Smart Chain to make your purchases).
Now that you have everything done, you should "connect" your Trust Wallet to either UniSwap or PancakeSwap if you're using an app, or go browse through your Trust Wallet to the PancakeSwap or UniSwap websites to get your desired coins.
That's it. This method is used a lot because most "shitcoins" are not available to buy when they first come out. But you can readily get them on your Trust Wallets.
Enterprise websites
This method is hardly used because it's only relevant when you can't find your shitcoins on trust wallets. After all, they are exclusively launched only and only on their websites. So you only have to connect your Trust Wallet to their website or any other payment method they require.
Any cryptocurrency exchange provider
If your desired coin has been on the market for a while, there's a possibility that you can get it on any ordinary exchange website like you buy Bitcoin or any other coins. So there's not much to explain here as it's pretty obvious how you can make the purchase.
Now let's talk...
Have you used any of these methods? What are your experiences?
Any tricks you got in mind so that we can strategize buying shitcoins based on it?
Comment below!
Continuation Chart Patterns - Falling WedgeHello guys, this is an additional Tutorial idea following the previous one.
You can also use this trick to read your chart if you want to make sure if it's bullish or not. It's called a Falling Wedge.
What is a Falling Wedge?
When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making.
"The falling wedge pattern is characterized by a chart pattern which forms when the market makes lower lows and lower highs with a contracting range. When this pattern is found in a downward trend, it is considered a reversal pattern, as the contraction of the range indicates the downtrend is losing steam. When this pattern is found in an uptrend, it is considered a bullish pattern, as the market range becomes narrower into the correction, indicating that the downward trend is losing strength and the resumption of the uptrend is in the making."
Now let's talk...
Have you used this patterns? What are your experiences?
Any tricks you got in mind so that we can improve reading charts based on it?
Comment below!