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Walk the plank.......( circled ) here you are in no mas land half way in-between strong support and strong resistance, would you open a trade here? if you said YES then you really are gambling and should go to a casino, just ask yourself why would you throw money away on a trade that could go either way? you may as well put your money on RED or BLACK. You have to be patient and wait for a retest of either support or resistance or set some orders around these levels so you can catch a good trade, you really need good self control in trading or it will f#@k you up. Just remember you don't always need to have a trade open on your account, We have gone weeks without trading before either due to in correct market conditions, all our criteria's for taking a trade not been met or just down to personal circumstances, if you are not in the correct mind-set you will not make good trades, so step away from the markets until your head is straight. I hope you take this on board... if not you will go over board hahaha you will walk the markets pirate plank... How can a plank walk the plank you ask yourself ;p
by ApexFX_Pro
Ive lost my wife... has anyone seen her? ;pI'm not going to point out where price touches these lines as it really is simple to see that these levels have been used as both SUPPORT and RESISTANCE, how do people not spot these? Do they constantly walk around with eyes closed? or more likely with heads in phones on dating apps looking for there next sexual transmitted infection ;p It is so simple but yet people complicate trading or are lead to believe that you must have 1000000 indicators and lines on your chart to spot the next move..... WRONG!!! Look at our charts and you will see how clean they are and that we use NO indicators at all and only trade off support/resistance levels, Trend lines and the candles going into these levels... And we are not doing bad ( Which Lamborghini do I take out today? ) ;p But honestly just listen too yourself, learn too trust your own setups, erase people out your life who are not on the same mission as you ( because they will only drag you down, I have lost my wife... has anyone seen her? haha ) And you will see an improvement in trading. If you have any questions about trading or life in general then just send us a message and I will be happy too help.
by ApexFX_Pro
Ive lost my wife... Has anyone seen her? ;p I'm not going to point out where price touches these lines as it really is simple to see that these levels have been used as both SUPPORT and RESISTANCE, how do people not spot these? Do they constantly walk around with eyes closed? or more likely with heads in phones on dating apps looking for there next sexual transmitted infection ;p It is so simple but yet people complicate trading or are lead to believe that you must have 1000000 indicators and lines on your chart to spot the next move..... WRONG!!! Look at our charts and you will see how clean they are and that we use NO indicators at all and only trade off support/resistance levels, Trend lines and the candles going into these levels... And we are not doing bad ( Which Lamborghini do I take out today? ) ;p But honestly just listen too yourself, learn too trust your own setups, erase people out your life who are not on the same mission as you ( because they will only drag you down, I have lost my wife... has anyone seen her? haha ) And you will see an improvement in trading. If you have any questions about trading or life in general then just send us a message and I will be happy too help.
by ApexFX_Pro
5
Forex trading is NOT hard...Drawn on the chart we have a key monthly support and resistance level ( been used as resistance in this chart ) On the monthly chart this level has been respected and touched the past 4 months... Get the chart up yourself and check you lazy bas#a'rds haha, You can also see this key monthly level has been respected on this chart ( 4H ) Now you can see why it is so important to check other timeframes once you have drawn these key levels on, Because the more timeframes your levels are respected on then the stronger setup it is! Simplicity really is key to success in trading, all these so called gurus put charts out there that look like they blew up a paint factory, this is because they want to confuse people and make them think you have to be clever ( I'm living proof this isn't true haha ) and put 20 years practise in before you start seeing returns, And also if people believe this bull#h't they are more likely to buy there services when really it is probably just some lad from a shitty council estate who lives in his mums basement and hasn't got a clue about trading and the only support line he knows is the addicted to wa#nk'ng support line his mother makes him call once a week.
by ApexFX_Pro
12
Coolio Gangstas Paradise, Support and ResistanceIf you can find a good support and resistance level or zone it will keep your bank account fed well for years. As you can see the 1st purple arrow marks where price 1st tested this zone as resistance in 1995 when Coolio was at number 1 with "Gangstas Paradise" ( sorry if I've just made you feel old ) :p Then the price passed through this zone for the next few years eventually using it as resistance again in 2010, 2013 and 2017, Now price is currently in this zone again and has used it as resistance many times in 2018 and 2019, So 14 years ago this zone was 1st used and is still been used today, See why zones and levels are so important? The same can be said about our bottom support and resistance zone but I'm sure your not that stupid you need that explaining also! Actually it is 2019 and there are a lot of brainwashed zombies about courtesy of the government, media and failing school system ;p Anyway stop using your laptop to watch naughty adult movies and use it to find these key levels... you will also have a happy ending if you find them :p haha.
Education
by Apex_Gregg
4
MARKET PSYCHOLOGY & CYCLEYou will often come across the term market psychology. This is different from your personal psychology. Market psychology is the same as market sentiment we just discussed. Market psychology is the overall feeling that the financial market is experiencing at any given particular time. There are several factors that contribute to this market psychology and include economic circumstances, expectations, fear, greed etc. All these factors taken together actually contribute to the trading patterns of the investors. There is nothing much you can do about this because, apart from hardcore economic circumstances, human psychology also plays a very vital role in determining the overall market sentiment. The problem is that all humans cannot be rational. Many of the traders will be driven by emotions like fear and greed. As an individual trader, no matter how rational you are, the moment you see that majority of people thinking that market will move in a particular direction, your rational mind will face a revolt from your emotional side and even if you know that majority of the people are thinking wrong, you may still end up trading in the direction they are trading. It is because of this weird conflict between rational mind and emotional side that you cannot really depend solely on fundamental analysis of market. Often times, it is very important to go for technical analysis too because it will tell you, without taking account of emotions, the direction or the pattern that the market is following. Technical analysis is based on historical price data. This is crude data we are dealing. They are numbers that are brutally true. The numbers don’t speak emotions. But again, technical analysis cannot alone give you the true picture and you will have to use fundamental analysis at times. So, market psychology can be like a dreadful nightmare but that is what you need to deal with by balancing between your fundamental analysis and technical analysis. Knowledge and education is key to success in binary options market. You cannot afford to be irrational but you cannot even ignore those irrational traders who can and do affect the market as a whole.
BITFINEX:BTCUSDEducation
by CryptoC77
4
INV. HEAD AND SHOULDER Reversal PatternAlso called a higher swing low trend reversal, an Inverted Head and Shoulders pattern is formed when price action within a downtrend traces a higher swing/pivot low than the previous one. The Inverted Head and Shoulders pattern can be formed because the sentiment that was formerly producing the downtrend is now possibly shifting and selling pressure is decreasing. Inverted Head and Shoulders patterns can be stronger when the price breaks above the "neckline", which is a trendline connecting the swing/pivot highs that created the inverse shoulders. Traders will often seek out opportunities to buy when confirmation in the form of a "neck-line break" occurs. A neck-line break for an Inverted Head and Shoulders pattern is the failure of a resistance area drawn from the two previous swing highs on the chart. Buy only when price will go above neckline! If you like my educative materials,Hit LIKE button ! Thank you,
COINBASE:BTCUSD
by CryptoC77
1
EDUCATIONAL MATERIAL- Bitcoin I was thinking about this educational material for a long time and finally I have the chance to share it with you, all of you who want to improve your trading style, to be more profitable. This is specially for those who find it too difficult to trade and everything goes against them. I spent years to improve myself and become profitable, starting from the bottom, never had a personal teacher and never went to a finance university, learning everything by myself. A lot of times I wished to have someone who could help me or give me some tips but I had to learn everything on the hard way I will start with the thing that I think is the most important in profitable trading . Price action. Listen, there are a lot of strategies out there which work, everybody has their own style. Boolinger bands, pitchforks, heikin ashi candles, renko and dozens of indicators. All indicators are made from price action; open/close high/low of candlesticks. Price action is the most important tool for a trader. It is used by institutional traders, by big houses and is the most accurate indicator of an asset, for the next move. And here I will teach you how to use price action in your favor. On a daily chart, you can put a moving average to see clear how is the trend. Is there a bullish market, bearish market or ranging. Let’s see for example on my chart the 20 period Exponential moving average. After price action, the 20- period EMA is very important, especially on a daily chart for bitcoin because it acted like a resistance for many times this year. You can check the chart. Why not a single top trader from TV is using or telling something about it is a mistery for me. Few days ago I could bet the last move up will find difficulties to march further when it touches the 20 EMA. So simple. Let’s go back on price action. I marked on my chart LOWER HIGHS and LOWER LOWS. When you see a market moving like this you don’t want to go LONG until this trend is over or is bouncing back from a strong trend line. First rule of a reversal; keep this in mind: If there is a downtrend the price has to make a higher low and then a higher high for a clear confirmation of reversal. In case we have a trend line wich acts like a support and if price bounces from it we don’t need to wait for a higher low and higher high. Let’s say we exclude that trend line, for a revearsal, usually the price needed to stay above the previous low made on 28th of May at 7065 dollars; then move higher than the previous LOWER HIGH marked by me with yellow, and after that a retest of it. Retests of the previous lower high usually occur and that is a clear confirmation of a revearsal. This is the most important weapon you need to master to be profitable in trading. Same thing is when the trend changes from moving up to go down. First, you have HH and HL , then usually fails to make a higher high, it drops lower than the previous low, goes a little bit up again to retest the previous low and boom, trend is changed, the market is falling. Perfect example look for Bitcoin’s price action from 25th of February to thirtheen of march (on a daily time frame- is easier on the beginning because it takes out the noise). Look for trendlines, try to analyse how long can you do it to see everything, the details. Support and resistance zones are very important also, look at my chart white dotted lines around 7800. See how the marked reacted around them and try to memorise. You have to learn the chart patterns. The most of the time you will see wedges, flags and triangles and around revearsal zones there will be double tops, bottoms, head&shoulders. Try to learn them and practice to recognize them because it will be easier for you in future, helping you to know where the price will go. There are a lot of tutorials about chart patterns on the internet.
BITFINEX:BTCUSDEducation
by DragosAlexandru
5
Support & ResistanceSupport and resistance levels are critical in financial markets. They are very similar to pivot points, except simpler. When the price of a pair goes up to $10,000 and goes down to $9000 USD, that $10,000 USD zone is now resistance. If it bounces from $9000 and up to $11,000, the $9000 level is now support and the $10,000 resistance is now broken and could potentially turn support, where it can bounce. Generally, for resistance or support to break, a candle has to close above or below support and resistance. A wick above either is only the price “testing” resistance. I generally wait for a close above / below as well as further movement in the same direction, and a possible volume break-out short term. This is because a close above / below itself can be a fake-out, or a fake breakout, and continue doing what it originally was.The blue box is an example of a fake-out. The more often support and resistance is tested, the stronger it is. The stronger support or resistance zones are, the stronger they will break out. For example, if a support is tested 5 times and breaks to the downside, it will move down further than for example, if it was tested 2 or 3 times. Next post we will get into support or resistance zones and also examples on how to trade them.
BITFINEX:BTCUSDLong
by JCBCrypto
5
Introduction to Trend LinesOn the left side we can see the anatomy of an uptrend and downtrend line. On the right side we can see a few examples, which should help build a mental image of how they look and work, in action. Trend lines are the foundation of technical analysis. Uptrend lines are formed by higher lows and signify a bullish trend. Pullbacks don’t specifically get smaller but impulse waves (movements up) are higher, showing an upward trend. They serve as “support” levels and tend to support the trends upward movement. When their support is tested, they can be considered dips, troughs or valleys. The opposite is true in a downtrend. It is formed by lower highs and signifies a bearish trend. Downtrend lines serve as resistance as they “resist” the price from going up until they are broken. Once the trends are broken, they can and usually do see a rally. On the break of an uptrend towards the downside, the price usually proceeds to fall. On the break of a downtrend toward the upside, the price usually proceeds to rise. This is because, for example, in a downtrend line, traders tend to lose confidence of a bullish trend until that downtrend is broken. They often exit their trades in the beginning of a downtrend and look for a re-entry on a trend reversal, or a break of the downtrend towards the upside. How do you draw them? Generally by connecting 2 tops (on a downtrend) or 2 bottoms (on an uptrend). It is often said that 2 is all you need to draw a potential line but 3 or 4 is what it needs to become a valid line. The more tops and bottoms that “connect”, the stronger the trend is. 3 is generally weak, 4 is a little stronger, and something like 5 or 6 are a pretty valid and strong trend. The steeper it is, the less reliable, usually because that indicates higher volatility. The stronger the trend is, the bigger the rally is when it breaks. For example, a break of support of 2 points might not see much movement but a break of support of 6 points could see significant downward movement. This is usually due to a few things, one being the psychology behind it. As support gets tested more times on an uptrend, bears, or sellers, tend to lose confidence, so once it breaks after a lot of tests, a significant amount of them tend to come back in. Thank you for reading, let me know if you like and enjoy these educational posts. Based on feedback, I may continue to post them and try to wrap up the basics of Technical analysis in 5-10 minutes a day, 1 by 1. The future posts would cover: Types of Charts Candlestick Patterns Support and Resistance Volume RSI Bollinger Bands Stochastic Indicator ADX MACD SMA / EMA Fibonacci Retracements Pivot Points Oscillators Elliot Wave Harmonic Patterns
BITFINEX:BTCUSDEducation
by JCBCrypto
10