Oil and some Oil Majors one year on. Last year I thought I had a pretty good idea;
Buy RDSA after Trump "Neutralized" the Iranian General. Imagining this could be a catalyst to higher oil prices. Paired with predictions that at the time the world economy was about to grow.
Well, of course, this turned out terrible and I learned that I should have sold a lot lot lot quicker. And well, I ended up becoming an investor. I even bought a bit more since I thought id be happier to lower my average cost.
anyway now I am thinking. these companies still exist, people talk about pend up demand and inflation but these stocks are still in the dumpster compared to the oil price. 🤔🤔
I wonder if this is a moment of "fooled twice" 😂😂
Educational
AUDUSD APPROACHING MONTHLY RESISTANCEAs we can see AUDUSD is approaching to a very strong monthly resistance zone . So how to approach this situation? Simply if we can see that price going bearish on 4hr timeframe we can take an short postion . And we can expect to price to fall till Tp1 and Tp2 (consider taking some of the profit on Tp1 and let the rest trades run) . Remember to be reactive not predictive !
Follow me for more updates as I am gonna post daily educational content .
The Crypto Dance: Bitcoin & Alt Season Dominance Cycles GuideThe Crypto Dance: Bitcoin & Alt Season Dominance Cycles Guide
Hello and happy Chinese Lunar New Year! Hope you're all doing well. I made this simple guide to show you the relationship between Bitcoin's price & dominance vs. alt season dominance. You can use this as an ongoing reference during the bull cycle this year, or even this whole decade and beyond, to learn how the cryptocurrency market typically behaves. Credit to XForceGlobal for their publication (linked below) where I got the idea & source material to make this guide. Enjoy!
AUD/USD Long Setup Top Down Analysis Educational VideoHi everyone, I hope all is well with everyone out there in this difficult time. Today I broke down the AUD/USD pair using a few of my favorite tools on trading view. I'm excited and look forward to sharing more content with you guys. I definitely found it annoying my face cam wasn't matched up with the words coming out of my mouth but It will be fine for the purposes of this video. If you want to see more analysis's like this stay tuned and followed. I post trading stuff on here and on my Instagram I don't know if I'm allowed to plug it here so I wont. If anyone wants to speak about anything trading related feel free to drop a comment or send me a direct message. Have a wonderful day and stay positive.
Should You Quit Your Job To Trade Full-time in crypto?-be profitable
-Reasonable account size
-be prepared to be incomeless
-spouse that works full time
-Know the timeframe
-know what you want
if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
if u like it press like-comment and folow me.thx
Education: Why you should NOT buy or trade signals!" Give a Man a Fish, and You Feed Him for a Day. Teach a Man To Fish, and You Feed Him for a Lifetime " - unknown origin *
🔴 What does this quote mean, and how does it related to trading (signals)?
The quote means that you can indeed resolve an issue by providing a hungry man a fish, serving his immediate need, but if you really want to help him you should teach him to become self-sufficient.
Similarly, while providing a signal, you can provide the signal to a winning trade to someone, but if you really want to help him, you teach him how to analyze the market and become self-sufficient in trading.
🔴 DISCLAIMER
This post will probably get some backlash from users who provide signals, be it paid or not, because it goes against their "business model" and might reduce their revenues in one way or the other. But that is fine by me, this is my personal opinion, and I advise every single reader of this publication to draw his own conclusions.
🔴 What are trading signals?
Trading signals at a minimum constitute of an entry price and a direction. Example : buy $Gold at 1825 USD.
Some (but not all) signal providers also give you a Profit Target and/or a Stop Loss . They give you actionable information on where to open a trade, which direction you should trade and sometimes when you should close the trade.
🔴 That's easy! Nothing wrong with that, it can make me money, right! Right???
Yes, it can, you are absolutely right that you can make money off a trading signal.
However, there are a couple of questions that you need to ask yourself :
How many trades, what percentage, can you expect to win?
If not provided, where should you take profit or cut your losses?
What is the reason for entering the trade?
What confidence do you have in the trade if you're just following someone elses instructions?
What if you lose 10 trades in a row, was this expected?
Who is responsible for your losses? You, or the signal provider?
What do you learn from trading signals?
What are the emotions you have to go through during the trade?
What if your signal provider stops?
🤔 Additionally the question arises why the signals are provided.
Is it altruism? Or is it conceivable that the provider does not make enough by trading and wants to top-up his gains(?) by selling signals. Income from trading is not guaranteed, when you sell signal you make your profit the moment the transaction takes place, independent of the outcome of the trade. That's guaranteed 💰.
And yes, people will be unhappy and no longer order the providers' services, but there are always new "potential buyers" coming to the financial markets.
💡 " Trading signals does not guarantee your income, it guarantees the signal providers' income. "
🔴 OK, fair enough, but what should I do if I don't know how to trade?
Allow me to be blunt here, if you don't know how to trade, you should either learn how to trade, either keep your money in your pockets.
Ask yourself why you want to trade? What is the end goal?
► If you say that you just want to make some extra money, then taking up a 2nd job is a much more reliable source of income than throwing your money at the markets based on something someone else said, don't you agree?
Other than that, as said earlier, if you depend on a signal provider, that income (if any) will disappear the moment the signals do.
► If you want to become a trader, become financially independent, get rid of your daytime job, get out of that hamster wheel, I strongly suggest you invest the time and effort to learn how to trade for yourself.
🔴 MY ADVICE
Don't be lazy
Don't trade signals and
Learn how to trade
Hustle
Grind
Fail
Learn from your mistakes
Fail again
Don't give up
Don't expect to become rich overnight
Keep learning
Do your own research and analysis
Rinse and repeat until you succeed ....
That, imho is the only way you will achieve the financial goals you have set for yourself and feel good about it...
So, let's take our initial proverb and give it a trader twist:
👉🏻👉🏻👉🏻 " Give a Man a Signal, and You Could Feed Him for a Day. Teach a Man To Trade, and You Feed Him for a Lifetime " - Nico Muselle
💥The decision is all yours, if you want it bad enough, you can do it!💥
🔴 Useful information
This TradingView article gives you some additional information on the things you shouldn't do ... Give it a read before you hand out your hard earned money.
www.tradingview.com
Do you agree? What is your view on signals?
Let's open the discussion in the comments below ...
✌🏻 PEACE OUT
Liked this post ? "Smash that like button!" 👍 - follow for more educational posts and alerts 🔔 when a new one is published.
Oh, and maybe you'll like the related ideas linked below as well?
Thank you for your visit! 🙏
XRP NEWS!!! Must READ DO a GOOD deed! It has been a while, I hope everyone is staying healthy and safe.
We at the XRP community can come to say that this bullish market was something to expect but I feel we should not get too excited.
I would like to begin by saying that I AM NOT a financial advisor, however, I would like to say that I do not think we will see the 0.30-40 resistance levels for a very long time if not ever again however, it is possible to we retrace to the 0.50-0.60$USD levels and prior and during the SEC Trial date. Going back to my previous report, people are looking at the wrong information rather than going directly to the source to understand what is truly happening not what only pleases your ears. The SEC is not looking for a ruling that determines XRP a SECURITY. They are aiming the penalties at RIPPLE and the owners involved the sales of XRP.
With the response given by RIPPLE a confident manner, confirms to me that they believe they are within their rights to use XRP just like every other individual on the planet. Now the average day person does not hold a net worth similar to that of a CEO like Brad Garlinghouse, so it makes me wonder who will be able to purchase, hold and send XRP? Will the institutions like central banks be the primary source of XRP to the general public? It is known, 90% of XRP holders are outside of the USA. With that being said ripple does have the ability of excluding services to the US as other countries are already taking steps to integrate XRP in their financial systems.
Now because we are at higher amount of volume than in 2017, we can assume that this is because of the new people getting on the XRP rocket waiting for the launch. I would like to say that I believe the price has seen extensive bearish turns due to our new comers not being able to hold XRP on the long term as this is a long term project.
WHAT I THINK???? Hey listen, if we are able to break passed 0.80$USD or even hold at the 0.70$USD level, that would be an introduction to the rise to our previous all time high. Based on the volume I am currently seeing, if we are able to hold at higher levels above 1.00$, it would draw more attention to XRP before we see the wishful 10$ levels. Let us dig a bit further into some common sense. If XRP is to be reserve currency, it needs to have the MTK CAP to sustain NOT a company but COUNTRIES. AT that point it would make more sense to see XRP exercise those prices but we would need REGULATORY CLEARITY.
I do enjoy making this content for all of you but YO where the love at? If you wanna see more content and in-depth explanations to my madness, follow and like and comment!
Enjoy!
Strenght of Supply Zone ( Educational Post)If you have been led to believe that the prices move depending on the number of buyers and the number of sellers; if the number of buyers is greater than the number of sellers, prices go up, & if the number of sellers is greater than the number of buyers, prices go down. Then you would be wrong.
The number of sellers or buyers is not what moves the price. What if one seller is doing all the selling to thousands of buyers? The price will go down. The answer to our question is that it is the degree of aggression of the buyers or the sellers and the volume of order-flow they submit is what moves the price. If a seller is aggressively executing large amounts of sell-orders at the current market price, the price will tick down with a lot of strength. If a buyer is aggressively executing large amounts of buy-orders at the current market price, the price will tick up. The volume of the order-flow being transacted is the key. For every buy-order, there must be a sell-order. When the buyer demand exceeds the available supply of sell-orders, the prices increase. When the seller demand exceeds the available supply of buy orders, the price will drop. This entire process is occurring constantly and the market is always trying to reach an equilibrium where buy-orders and sell-orders are continuously matched up to give us the current market price, for that specific moment.
The number of individual buyers and sellers is not as important as the amount of order-flow volume that each buyer or seller is transacting. The amount of order-flow volume being transacted at any one time and the aggressiveness of the submitted order-flow is essentially what moves the price. The degree of aggressiveness is the degree to which price will move. That is the story behind the up-ticks and down-ticks.
Strong participation
Massive candles in short period of time. Strong aggressiveness
Normal Participation
Normal trend . normal aggressiveness , normal volatility
Weak Participation
Weak degree of aggressiveness , weak volatility
LTCUSDT bullish actionThere are several hints that we can take profit from LTCUSDT in Crypto.
First and most we have an interesting +RD on RSI and Price action.
NOTE : (+RD is a divergence which may a bullish action in LTCUSDT ).
Second our price is over Moving Average Weighted 20 which is powerful indicator.
Thirdly, our price stay in a profitable area of Piachfork.
What do you think?
HOW TO USE DXY TO GET YOUR TRADING ON THE ANOTHER LEVELHello traders!
As usual I don't take any trades on Friday, so I prepared an educational post for you.
This time I would like to introduce you DXY index and show you how to apply it in your trading to improve your trading!
What is DXY?
Basically DXY INDEX shows the value of USD to other currencies. This consist of EUR, JPY, CHF, GBP, CAD and SEK .
How does DXY correlates with USD pairs?
If DXY is rising, all USD/XXX pairs should go up, and all XXX/USD pairs should go down. If DXY is falling down, USD/XXX pairs should go down and XXX/USD pairs up. Simple, right?
How to use this in your trading?
Simply, as you can see on post, if DXY is rising then all USD/XXX pairs should go up and all XXX/USD pairs should go down. Let's say that you are about to enter a long trade on the GBP/USD . You did your analysis and you are sure that this time it will go your way. If you really want a great confirmation, go check DXY . Is DXY going down? Then GBP/USD should go your way!
Thanks for stopping by!
Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨👩👧👦
Have a wonderful and profitable day! ❤️
- ProfitalzTrading
3 Simple Ways to Become a Better Forex TraderHey all!
Since many of you like our educational videos, here's another one for ya!
In this video we go over 3 excellent yet simple ways you can become a better trader!
They are:
1. Focus on price action, after all that's the markets language
2. Control your internal dialogue (mindset is king!)
3. Prepare a watchlist, then a trading plan and trade your plan!
Hope this helps! Give us likes and comments if you want more!
Can GBP/AUD break out of consolidation to validate shorts?Hello Traders! I hope you are all well...
Here I have an opportunity for potential GA shorts to catch 28 pips.
Looking at the higher timeframes (Daily,4H) it is clear that GA has been moving strongly to the upside for a long time , however more recently the pair has been consolidating, making it a 50/50 chance which direction GA will move next.
Major support formed and identified on the 4H timeframe during the Asian / Pre - London session where price created a new weekly high @1.79170, shortly after the high was created GA corrected before moving into a consolidation phase as market volume started to die down.
A second strong area of support has been formed and identified on the 1H timeframe after the previous correction, to test the new high that was made @1.79170.
As of now GA is trading within a tight 20 pip consolidation zone with the new high @1.79170 acting as resistance, GA has a big potential to breakout of the consolidation zone to move at least 28 pips to the downside.
For me to be comfortable in executing a short position I would like to see a candle break out of the consolidation zone's minor support level @1.79050 and a bearish candle close below.
If you agree with my analysis feel free to leave a like on this post.❤
Be sure to follow me to receive notifications when I post my ideas!👍
Trading Entries: Brutal Truths Nobody Tells You in crypto!
1.breakouts may fail
2.pullbacks may never come
3.pullbacks might become reversals
4.confirmation may be too late
5.you don’t need perfect entries
Hi guys..its the latest analyze chart .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
if u like it press like-comment and folow me.thx
Unsure About Your Trading Strategy in #crypto? (Then Do THIS)
1.stop trading
2.4 questions
Where did you learn it from?
Why does it work?
When does it work?
When doesn’t it work?
if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
if u like it press like-comment and folow me.thx
Supply And Demand Basics (Educational Post)SUPPLY ZONE :
has a drop then a base in which we have a lot of accumulation of orders being transacted before the mouvement then we have the breakout and drop and finally the retest.
DEMAND
has a rally then a base in which we have a lot of accumulation of orders being transacted before the mouvement then we have the breakout and rally and finally the retest.
has a drop then a base in which we have a lot of accumulation of orders being transacted before the mouvement then we have the breakout and drop and finally the retest.
If you have been led to believe that the prices move depending on the number of buyers and the number of sellers; if the number of buyers is greater than the number of sellers, prices go up, & if the number of sellers is greater than the number of buyers, prices go down. Then you would be wrong. The number of sellers or buyers is not what moves the price. What if one seller is doing all the selling to thousands of buyers? The price will go down. The answer to our question is that it is the degree of aggression of the buyers or the sellers and the volume of order-flow they submit is what moves the price. If a seller is aggressively executing large amounts of sell-orders at the current market price, the price will tick down. If a buyer is aggressively executing large amounts of buy-orders at the current market price, the price will tick up. The volume of the order-flow being transacted is the key. For every buy-order, there must be a sell-order. When the buyer demand exceeds the available supply of sell-orders, the prices increase. When the seller demand exceeds the available supply of buy orders, the price will drop. This entire process is occurring constantly and the market is always trying to reach an equilibrium where buy-orders and sell-orders are continuously matched up to give us the current market price, for that specific moment.
The number of individual buyers and sellers is not as important as the amount of order-flow volume that each buyer or seller is transacting. The amount of order-flow volume being transacted at any one time and the aggressiveness of the submitted order-flow is essentially what moves the price. The degree of aggressiveness is the degree to which price will move. That is the story behind the up-ticks and down-ticks.
STOP LOSS MISTAKES THAT EVERY NEW TRADER DOES !1. Using Position Size Instead Of Technical Analysis To Determine Stoploss
Don't let your lot size determine your SL value. It should be the other way around. If you pick your entry using technical analysis, then you should do the same for your Stop loss.
2. Placing Stop loss Exactly On Support Or Resistance Levels
3. Placing Stop loss Depending On the Market Moves
4. Placing Very Tight Stop loss On Trades
If the stop loss is too far away, this may reduce your risk to reward ratio. If your stop loss is so close to entry, you will be stopped out easily.
5. Placing Stop loss Too Wide.
Always place stops where analysis is invalid.