How To Trade Wisely 01pivot
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waves analysis
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Educational
trading is SIMPLE, it is thinking that makes it COMPLEX SIMPLE: any analysis, (wave, trend, chart patterns, etc) there is no right or wrong one, just pick the one that you are comfortable with. it can show you where to buy or sell. all you have to do is wait to buy or wait to sell
COMPLEX: we are the storytelling animal, you are always narrating a story in your head even when you are unconscious like during sleep we call it dreaming. be mindful or pay attention to your body (which has two states love or fear) and mind (narrated stories in your head) because how you feel determines the direction of those stories. if you are in a state of love, everything was fine and everything will be fine will be the story and the opposite if you are in a state of fear.
people wiser than you know this, so they have an incentive to influence the narrated stories in your head. PAY ATTENTION TO YOUR BODY AND MIND
(Educational) Trade Management Life Cycle using ETHUSD In this video I cover some of the techniques I use for trade management. I rarely post about how I specifically manage trades. Enjoy!
*Side notes*
-2% of 10,000 is $200. I said $2,000 but then corrected myself :)
-I stated I have probably haven't lost more than 5 consecutive trades. Honestly, I probably have but it has been a while. Due to my defensive trading nature it's more likely I would take a string of losses and break-evens, but rarely a large string of straight losses.
My Trading StrategyFirst of all it is always best to have a trading strategy before entering a trade as I have made many mistakes in the past with margin trading and I found this way is the most effortless and least straining psychologically method. As I believe this is a huge growth industry, currently I use a Ledger, which are readily available and a great way to store your currency. Replacing the popular margin trading with the more stable 'growth over time method' is safer and won't have you checking your phone every two minutes, checking prices.. For reference currently I plan on holding my cryptocurrency for 20+ years, and passing the ledger onto my family or my kids, for their benefit at the time. I put the most emphasis on the psychological aspect as most trading does take a toll on your wellbeing and state of mind, while simply riding the ups and downs of the market is very satisfying. Constructive criticism / feedback encouraged! Buy and HODL!
same fractal part 2 the fractal is just flipped both horizontal and vertical. MIRRORS MIRRORS EVERYWHERE
XAUUSD monthly charts - rangeboundNow that we have looked at the weekly charts, where we saw signals, link attached below for your reference, lets take a step back and look at what is happening on the monthly charts
Out here, we see, price has rebounded/ rejected from the Resistance level of USD 1556 and has been inching downwards
Below are the various support levels
S1 : 1406
S2 : 1333
S3: 1142
S4 : 1044
Resistance levels:
R1 : 1559
R2: 1678
R3 : 1768
R4 : 1825
Its important to see whether price tests the support levels or gives us direction by breaching either the resistance or support levels over the course of next few months
Look out for this space for more, follow me if you would like to not miss the updates and share a thumbs up if you like what you see
greed mirror image of fearthe perception of seeing the price action you want will make you greedy. the perception of not seeing the action price action you want will make you fearful. man has only two emotional states (love or fear). feelings are a result of one of your emotional state plus a mental thought. if your emotional state is fear and you are thinking i am not getting what i want the resulting feeling will be ANGER. if your emotional state is love and you are thinking i am not getting what i want the resulting feeling will be CONTENT. (EMOTIONAL STATE + MENTAL THOUGHT = FEELINGS).
my reason why 99% of traders failthe market is older and wiser than you are. it already knows how man's perception of reality works (consciousness), because of that the only way to beat the market is to know how the market will react to your own reactions. its like inception: the market will move first but it knows your reaction to its action (fear or greed), so you have to know its own reaction to your reaction, which is predictable. because your reactions (fear or greed) are very predictable. a new or average trader will only think one step ahead, you need to think 3 steps ahead because it is thinking two steps ahead.
MAJOR TOOL YOU MUST HAVE IN YOUR TRADING TOOL BOX!COINBASE:BTCUSD
SUPPORT AND RESISTANCE COVERED! It is so important that you understand support and resistance. It may seem so basic but this alone can make you consistent profits. Understanding where the market may pivot is an edge you simply can not afford to not have in your technical plan.
If you have any questions or comments, leave them down below and i will get back to you! want a topic covered? let me know in the comments.
New Generation Analysis Method: TrashNOTE : This does not refer to any institution, organization or person.
Common mistakes or mistakes made to give hope and gain fame:
The most common is to make the dependent events repeated several times in the past the strongest premise of repeating without showing any scientific evidence.(Foundation = Correlation Coefficient , Avg error etc )
To draw the future events as if they were experienced and to establish a fulcrum.
Not to use support, resistance stop-loss, comments above global economic technical analysis, affiliated market reviews confirmation, trend lines and/or channels , valuable risk/reward ratio with long / short trades.
To show the most profitable period of classical methods and to create an illusion of confidence about the future.
On related ideas you can see an example too.
CONCLUSION :
People prefer the lies they want to hear to the facts they don't want to hear.
Regards !
[ALCOA] HOW TO TRADE A CORRECTIVE STRUCTUREGood morning Traders!
This strategy is very simple and clear, it tells us "what to watch, entry, target and stop loss" .
Our idea of technical rebound must be confirmed with a first bullish leg (rally), so if this event does not happen, we will not go looking for a long position. If instead there will be a rally, we will wait for pullback (often around 50%/62%) and we will try to take a long position on the completion of the corrective structure (ABC). Stop Loss below the previous low.
To complete this strategy, you need to calculate an appropriate size (Money Management)
If you think our analyzes are useful, support us with a simple "Like", thank you and trade with care!
Cheers.
How To Win A Trade Even The Market Goes Against You!Making Such Types of Decisions Should Always Be Planned Beforehand Based On Your Education.
Improved Version : How Do "Whales" Trade ? CAUTION : EXPERIMENTAL
Hello friends.
Whale trading system has been developed and placed on a more reasonable ground.
So this publication is an improved version of the educational idea : How do "Whales" Trade?
Before Starting
In related ideas, you can see the first version and the script I used to create this idea.
And there is an intermediate version that shows the logic after separating the bull - bear zones.
RULES
First of all, there is absolutely no short position to reduce the risk of this system.
Negative regions are sales regions. (Not short position)
Position sizes are shown in the presentation.We split our capital 100 . (Or you can accept your entire position size 100.)
We certainly don't try with all our capital.
It can be tested with reasonable capital allocated for instruments.
At each change of region, we dispose or purchase all of our position size.
And the values in the presentation are our graded position amounts .
Now that we've benefited from regional changes, I found 10 levels reasonable.
Let's write our position sizes here too :
STAKES
Pos Size 1 : % 0.4329
Pos Size 2 : % 0.8658
Pos Size 3 : % 1.2987
Pos Size 4 : % 2.1645
Pos Size 5 : % 3.4632
Pos Size 6 : % 5.6277
Pos Size 7 : % 9.1
Pos Size 8 : % 14.719
Pos Size 9 : % 23.81
Pos Size 10 :% 38.52
Note : Position size ratios are formed by coefficients based on gold ratio to provide a logical example.
Let us now examine the region from January 22, 2018 to August 26, 2019.
I'm doing trade and distributional trades for 1 bar after eye decision and signals to be fair.
TRADES AND TRICKS
After the sell order arrives on January 22, we wait until distributional buying points arrive.
First distributional Buy Signal was on 7 May 2018 (close ) , so it means : Our first Distributional Buy was between 7 - 14 May 2018.
Let's start :
Distributional Buys :
1.Buy : 8572.5 Position Size : %0.4329
2.Buy : 7847 Position Size : %0.8658
3.Buy : 7456.5 Position Size : %1.2987
4.Buy : 6563.5 Position Size : %2.1645
5.Buy : 6786.5 ==> Rejected , because price is higher than last Buy.
5.Buy : 6507.5 Position Size : % 3.4632
6.Buy : 6396 Position Size : % 5.6277
7.Buy : 5837.5 Position Size : %9.1
8.Buy : 3940 Position Size : %14.719
9.Buy : NET Long Signal : 3493.5 Position Size : The Rest ==> (100 - All) = %62.328
Distributional Sells
1.Sell : 10919 Position Size : %0.4329 (May be higher than the amount of earnings. For example : % 25
Here we are improvising according to obligatory market conditions.
I wrote the first rate in order to follow the example rule, but I would sell between 25% and 40% in live trade.
Because the profit is too high.)
2.Sell : 10146 Position Size : %0.8658 ( Normally I shouldn't have sold it because it was lower than the first sale.
But the profit is still very high, but it is decreasing, so I sell.
A much higher quantity can be sold here, as is the same on the top.
I'm writing the next rate to keep the rule.)
3. Sell : 11376 Position Size : % 60 ( Now profitability is at its peak , I ignore the stake rules and going to improvise.
Instead, the first 3 - distributional sales: 10% - 20% - 40% with values such as making it much more reasonable.)
4.Sell : NET Sell Signal : 9970.5 Position Size : The Rest ==> (100 - All) = %38.8
Note : I could have gone a lot more profitable than my earnings, but to avoid stretching the template, I applied the first 2 ratios.
A professional could have been more profitable here: Example: 40 - 60 and close.
So I'm going to calculate these rates.
CALCULATIONS ( For 100 unit = Full Position Size )
Average Cost : (8572.5 * 0.4329 + 7847 * 0.8658 + 7456.5 * 1.2987 + 6563.5 * 2.1645 + 6507.5 * 3.4632 + 6396 * 5.6277 + 5837.5 * 9.1 + 3940 * 14.719 + 3493.5 * 62.238) / 100 = (3711.04 + 6793.93 + 9683.76 + 14206.7 + 22536.8 + 35994.77 + 53121.25 + 57992.9 + 217428.5 ) / 100
Average Cost = 4215
Average Sell : (10919 * 0.4329 + 10146 * 0.8658 + 11376 * 60 + 9970.5 * 38.8 ) / 100 = (4726.84 + 8784.41 + 682560 + 386855.4) / 100
Average Sell Price = 10829.27
SUMMARY
Percentage of net earnings per unit (Full Position Size): ((10829.27 - 4215 ) / 4215) * 100 = %156.92
In doing so, commercials provided liquidity to the markets and did not have the problem of not finding buyers.
Stoploss here means emptying the whole position, for me 4 bars means stoploss in all directions.
More importantly, increasing rates will not harm us in non-trend areas.
Because we start with low rates.
Although comments and improvisation are very important, I tried to explain the system outlines by linking them to certain rules.
Now we have gone more systematically than the first version !
Eduational: Example of a descending broadening wedge. A descending broadening wedge is bullish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines.
A descending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines . The upper line is the resistance line; the lower line is the support line.
Each of these lines must have been touched at least twice to validate the pattern.
NB: a line is said to be "valid" if the price line touches the support or resistance at least 3 times.
This implies that the descending broadening wedge pattern is considered valid if the price touches the support line at least 3 times and the resistance line twice (or the support line at least twice and the resistance line 3 times).
A descending broadening wedge does not mark the exhaustion of the selling current, but the buyers’ ambition to take control. The divergence of the two lines in the same direction (increase in price magnitude) informs us that the price continues to fall with movements that are increasingly low in magnitude. The sellers manage to make the price rebound on the resistance line but lose control after the formation of a new lowest point. The highest point reached during the first correction on the descending broadening wedge’s resistance line forms the resistance. A second wave of decline then occurs of more magnitude, signalling the sellers' loss of control after a new lowest point. A third wave forms afterwards but the sellers lose control again after the formation of new lowest points.
During the formation of a descending broadening wedge, volumes do not behave in any particular way but they increase strongly when the support line breaks. source:Centralcharts
XBT/USD - 1D BITMEX - BULLISH?BITMEX:XBTUSD
PLEASE LIKE, SHARE, COMMENT!!!
#FRACTALS #PATTERNS #AUGUST 2019
***FIRST POST #TRADINGVIEW***
*** STRICTLY SPECULATION. NOT FINANCIAL ADVICE***
*** DO YOUR DUE DILIGENCE AND CONDUCT YOUR OWN RESEARCH BEFORE INVESTING***
On Balance Volume Test #2 - TeslaI have been back testing the On Balance Volume indicator (OBV). So far, so good. I did not publish my first test (Facebook), but will publish from here on.
OBV is basically an accumulation/distribution indicator. When there is divergence, it shows weakening/strengthening markets. If you are unfamiliar with OBV, look it up.
Here is what I found with Tesla:
OBV test 2: TSLA
Tesla started becoming volatile in 2014.
Tesla set a new all-time at #1. Leading up to the 2nd all-time high (#2), notice the OBV flattened out. It was weak on the move up. They soon corrected.
On the 3rd attempt (#3) to reach their all time high (#2), the OBV was trending down.
On the 4th try, the share price could not reach their all time high, but the OBV was showing signs of strengthening. It soon corrected again.
But, on the 5th try to set a new high, the OBV had rebounded quite well from its low and was trending up nicely. The OBV also climbed higher than the OBV from #4 high.
Tesla soon broke out of their long channel and went up substantially from there.
It is my opinion that OBV gave warning signs that Tesla was not ready to break out. The conviction was not there until after the #4 high. Also, notice the OBV up moves were stronger than the OBV down moves... with the exception of the OBV from #1 to #2. But, the move from #1 to #2 was telling you the opposite - it was telling you the down moves were stronger than the up moves, therefore the sustainability of the new all-time high (#2) was not that great.
Lol, I hope you can understand my cluster of lines and numbers on my chart
As I always say... this should NOT be taken as advice. Always do your own research before making any investment decision.
AUDCAD – Buyers trending might be proven to highs these daysAUDCAD – Buyers trending might be proven to highs these days
Trend: Strong Buy
Support/Resistance:
R3: 0.91447
R2: 0.91023
R1: 0.90719
S1: 0.90522
S2: 0.90224
S3: 0.89947
Price action:
This case is showing very strong momentum versus lazy sellers. From last week price action was high to 0.912 level, where is going following price if it the price can break and hold above level 0.90719. Follow targets too.
Potencial trade idea:
Bulls targets:
T1: 0.91023
T2: 0.91447
Bears targets:
T1: 0.90224
NOTE – We are trading AUDCAD via the preferred trading setups
Disclamer1: We have to wait for a currency pair to trade after news are reliased. This might be a short correction, or price will give us moving dirrection after news are reliased.
Disclaimer2: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
ELITEFXACADEMY
How Do 'Whales' Trade ? Hey! Now calm down and erase all of your coffee fortune-telling stories, throw the pump and dump signals you've been waiting for!
You can only draw trend lines and long-term channels.
If you're still not mad at me, we're starting now !
Trade is a relative concept and the buyer meets the seller relatively.
Therefore, trendlines and channels can provide little information about trendlines in relatively time-dependent breaks.
I am not a licensed broker at first, but I spent a lot of time in the CFTC and COT section, especially in interpreting Commercial positions with all other relative indicators and volume.
The so-called concept of the whales in recent times is actually producers and owners of large official capital.
They have to divide the amount of sales they find in their sales because the positions they carry are huge.
While the price is falling while buying, they have to make gradually while the price is rising.
Or they will not find buyers for their goods.
Now we will consider a trade cycle with reasonable figures in the figures you see in the picture.
We are doing it first bar after signal with average price as real trade :
Example Rule : Our position size : Last block * 1.5
Distributional Buy Blocks :
1.Buy point = 1298.3 ( Position size = %1 )
2.Buy point = 1214.1 (Position size = %1.5 )
3.Buy point = 1194.5 (Position size = %2.25 )
4.Buy point = 1193.1 (Position size = %3.375 )
Cost = (1298.3 * 1 + 1214.1 * 1.5 + 1194.5 * 2.25 + 1193.1 * 3.375) / 8.125 = 1210.4
Distributional Sell Blocks :
Example Rule :
Let's divide our sales into same levels according to our expectations.
But in risky places that we think to be a definite negative trend, let's definitely empty our position and not carry a position.
If the negative trend came after the first sale, then let's clear it all.
All experts draw channels and trends for this.
(I started using my high-end system, but channels and trend lines are still important, because I think everything that shows relativity in trade is very important! )
Our buy levels was 4 and sum of ratios = 8.125
1. Sell block = 1 / 8.125 = %12.3
2. Sell block = 1.5/ 8.125 = %18.46
3. Sell block = 2.25 / 8.125 = %27.69
4. Sell block = 100 - (1.sell block + 2.sell block + 3. sell block ) = 41.55
Finally : Sell Points
1. Sell point = 1223.923 (3 consecutive purchases were shortened in one buy , If I had sold 3 times in a row, my wife would have been much higher because the rate would have increased in the hills, but the sample would have been too long.Although I use a very successful system, I divide it into 10 and I empty all of them in the definite negative trend.You may divide by 15 or 20 with distributional buy too or decrease dist ratio.Here you can not sell anywhere in the whole position can be seen when you see the negative signs, I do not prefer only as a stoploss I use this last safety.)
2. Sell point = 1243.57
3. Sell point = 1285.67
4. Sell point = 1310.93
Average sell point : (1223.923 * 12.3 + 1243.57 * 18.46 + 1285.67 * 27.69 + 1310.93 * 41.55 ) / 100 = 1280.798
RESULTS :
Net profit = ((1280.798 - 1210.4) / 1210.4) * 100 = 5.816
As a result, our senior investor has already increased per unit 5.8 percent in a short time.
In doing so, commercials provided liquidity to the markets and did not have the problem of not finding buyers.
Stoploss here means emptying the whole position, for me 4 bars means stoploss in all directions.
I will adjust the rates and use it in real ideas and real trade.
Stay tuned! Noldo.
AUDCAD – Buyers trending caught between daily channelAUDCAD – Buyers trending caught between daily channel
Trend: Strong Buy
Support/Resistance:
R3: 1.09128
R2: 1.08901
R1: 1.08635
S1: 1.08206
S2: 1.07998
S3: 1.07798
Price action:
Buyers are showing strong performance. From previous day price touched high level and rebounded from overall daily channel. Price did a faker but still might go long position, because daily candle was closed above 1.08206 level.
Potencial trade idea:
Bulls targets:
T1: 1.08635
T2: 1.08901
T3: 1.09128
Bears targets:
T1: 1.07998
T2: 1.07798
NOTE – We are trading AUDNZD via the preferred trading setups
ELITEFXACADEMY
Traps and Liquidity Searches Using Supply And DemandQuestion during my cooking show live stream was how do i determine a trap or a fake out?
First of all i think everyone that trades a different methodology determines a fake out in their
own way depending on their methodology the retail traders trades.
Using the Supply demand methodology i explain how i determine traps.
When i pull up a chart and i see an area that most trading methodologies are looking to buy or sell at.
i.g., support resistance traders, supply demand traders, breakout traders, range based traders,
fake breakout traders and many more different methodologies are looking to buy or sell in a certain area
it's a trap.
If im going to play the trap i need there to be a supply or demand zone above or below
the area where the other retail traders are looking to buy and sell at.
Position Sizing in Trading - Educational VideoHello traders. In this Educational video I will talk about Position Sizing in trading. You know as a trader that the first part that you have to do when you're ready to get into a trade is how much you are willing to risk per trade. Position sizing refers to the number of units invested in a particular security by an investor or trader. An investor's account size and risk tolerance should be taken into account when determining appropriate position sizing.
MSFT - rectangle formation - watch outHi Friends,
Look at this chart for NASDAQ:MSFT . Interesting to see how breaks on supports on RSI and identifying divergences may allow to identify possible good exits and maybe a avoid big falls.
When you see divergences, go down to lower time frames to identify exits/ entry levels
Chart is self explanatory. At this moment, price has moved into a rectangle formation. Look for breakouts and be careful on both the RSI as well as price points.
Happy to answer any specifics
If you like what you see, please share a thumbs up. Happy to hear your comments too, they can be helpful to continue learning and keep posting these free ideas and analysis.
Cheers
