Today, I am going to try something different. Let's make a Bottom Bounce Indicator. What is a bottom bounce? Bottom Bounce is a move I saw when analyzing a massive drop. The move caught my eye and has become a staple in how I find and catch a falling Knife. I have my weaknesses and demons just like anyone else. I am severely impatient and extremely an emotional...
Analysing my previous ideas to identify my tone and emotional state Complacency at the peak is what I find very interesting. I assume this is due to the consistent rise, maybe the market got boring? lol This is my recount
Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades entered/closed this week from me. I will explain my approach on the entry, SL, TP and management. NASDAQ: +1.83% Full analysis/forecast: USDJPY: +1.50% Full analysis/forecast: CHFJPY: +1.60% Full analysis/forecast: EURAUD: -1.00% Full...
Crazy moves on XRP. Probably most of the investors/traders are crying right now. The reason is because they missed on this big move but why? Due to their emotions. That was the best confirmation for me why I was still holding XRP and still publishing here new Updates to remind everybody about it that a huge pump will occur. The first time when I made an...
USDJPY POTENTIAL LONG WHEN DOING MY ANALYSIS FOR THIS WEEK AND WATCHING WHAT THE GLOBAL CURRENCIES WERE DOING I HAD SPOTTED THAT USDJPY IS AT A SIGNIFICANT LEVEL OF SUPPORT ON THE DAILY AND WEEKLY TIMEFRAME, WITH RECENT SIGNS OF BUYER INTEREST ON THE 4H CHART. IF YOU TAKE A LOOK YOU CAN SEE THAT PRICE HAS BEEN STOPPED AT THIS LEVEL OF STRUCTURE AND SAW A...
Trading is hard work - But no one wants to hear that it is hard work. Everyone wants a short cut. A short cut does not exist. If it did - everyone would use it and the market would cease to exist. Everyone who starts out trading is lured in by the profit potential. You might get lucky and make a quick buck. But over time you soon realize that trading is a...
Trading is hard work - But no one wants to hear that it is hard work. Everyone wants a short cut. A short cut does not exist. If it did - everyone would use it and the market would cease to exist. Everyone who starts out trading is lured in by the profit potential. You might get lucky and make a quick buck. But over time you soon realize that trading is a...
1). Over-trading and Random trading. Most people and traders think in order to make money as a trader you have to be trading all the time. If you are simply watching the market, you are missing out, or not doing your job by not trading it. This leads to over trading, and trading randomly or outside of your edge. Any trades taken that are not apart of your...
There is no one clear definition of price action. It can be as simple as "Every tick on any given chart, of any given market." However this definition is too broad and does not adequately describe the term. A better definition is "The collective result of buyers and sellers entering the market for any logical reason, which together create reoccurring patterns that...
HEXO reversed down from a nested parabolic wedge, larger wedge and large low 2. The follow through selling has been good. The bears will likely get a second leg down before taking profits and before the bulls will look to buy again. This market is still in a bull trend, but wedges often lead to two legs sideways to down, convert the market into a trading range...
The Art of the Flow Anyone who has been in the trading world for very long has heard you must "flow" with the market. Many people say it, but do they actually understand what it means? Can they truly accomplish this in the market or are they just speaking figuratively? Anyone can look at a chart and say "do this or that" or X happened because of Y, or say "I...
Lesson 4 Know what you want in the market Contrary to what most believe, successful traders do not actually trade constantly. Attempting to trade constantly leads to increased commission costs, random trading, and compound mistakes. In fact, successful traders spend most of their time doing absolutely nothing! How long does it take to enter an order? A...
Lesson 4 Know what you want in the market Contrary to what most believe, successful traders do not actually trade constantly. Attempting to trade constantly leads to increased commission costs, random trading, and compound mistakes. In fact, successful traders spend most of their time doing absolutely nothing! How long does it take to enter an order? A...
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
I'm fairly new to the crypto-currency markets, but have thoroughly enjoyed reading the extreme dichotomy of views. Today I'm hoping to add a more "middle of the road" approach. I'm not discounting TA by any means, but I'm going to say some things that might be contradictory to many points of view and I welcome all constructive criticism in return. After all...
BTC has everybody in a twisted mental frenzy right now. Up! Down! All-around!!! But I want to assure you, it will be here tomorrow. And, the next day. And, the next. Unless we get a ballistic warhead screamin' down upon us tonight from above with a Red Star or cryptic lettering! But back to business. Just so you know, I don't trade BTC, because BTC doesn't...
The battle that wages on every market, in every trade... Probability versus Possibility. Now I've seen SO MANY predictions and forecasts lately telling of breakouts, moons and lambos - It's disgusting. Why? Because while ANYTHING can happen (possibility), one must consider the chances of these events occurring (probability) . Now i don't mean to insult your...
Again, and again the shorts seem to still be holding down Ripple, funny enough the action of the volume spike earlier this morning seems to be the shorts covering after hitting the 0.750 level. Crazy right? Again, I see a retest of that same 0.750 support level or recovery from optimistic longs for a 0.990 resistance level retest. Watch the 1.066 and 1.128 levels...