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Funded-trader

How to trade fundamentals (AUDUSD BUYS)Hey traders! A common question I get is, do I trade fundamentals?? -From my experience it is to hard to trade off the back of data releases as the moves are to quick to happen and usually get very messy... -Fundamentals I believe just help push a currency in the right direction as technicals give us the entry points to catch these moves -For me its a rule to always have my stop-loss at breakeven when trading around the times of any news event or data release. -It is important that we always know when a big event or release is coming out to cover any trades we currently have running or are about to open, price can move so quick and cause slippage on accounts especially if you are over leveraged. -So the answer is I do and I don't trade fundaments, the aim of the game for me is to already be in a position with stops at breakeven to catch the bigger move but also protecting my account at the same time, at the end of the day we never know what's going to happen and price can do some wild things... ......... fundamentals overall control the market but technicals provide us with the entry points and create market structure.........
Education
by jamison_fx
14
BTC Showing Why retail traders are wrong!Good Morning traders! Sorry I have been absent a few days, its been a long weekend here and I have been enjoying the time away. This chart is a PRIME example of what I have been showing. This are obvious places for stops that retail traders would have used. We also have a completely failed head and shoulders pattern-most retail traders trade these. To be successful you need to look past what your peers are trading, chances are they are wrong as well. Remember banks and institutions are SEE where your stops and orders are, you are merely liquidity for there trades. As always trade safe EnvisionEJ
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by EnvisionEJ
BTC This is important and retail traders need to know!Good Morning traders! Todays update is back to BTC. Like I always say retail traders are obvious, they have a distinctive footprint. Mostly because hey don't think ahead in the markets. I can see a VERY obvious stop filled area, and the longer we build orders the more likely it is that we break through to the downside. By the time retail traders realise that they could have bought these areas they will be on the wrong side of the trade and they will be swept out as liquidity for a bigger smarter trader. As always trade safe EnvisionEJ
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by EnvisionEJ
ETH An example in why retail traders are wrong!Good Morning traders! Today I have a great example of order protection and liquidity building. This is something that I have been speaking about for a long time and this current PA shows it well. The blue boxes show places where large orders have been placed and and initiated moves. See how price returns to retest these areas?! this gives the Banks, Whales and big players a chance to protect orders. Retail traders place orders outside of these areas "support and resistance areas" These orders can easily be seen, and therefore hunted. The highs and lows create areas for the big players to exit the large volume positions as every buy order needs a seller and vice versa. I hope this information has been helpful. As always trade safe. EnvisionEJ
BITSTAMP:ETHUSDEducation
by EnvisionEJ
3
ETH We need a break here to continueGood Morning traders! I hope you had a great weekend. Mine was busy, just like the crypto markets. However the more they change the more they stay the safe. Price continues to be held EXACTLY at the area I highlighted, this is because we the market respects the areas filled with orders. Currently I can see 2 options for price movement. Orders are protected and we head lower sweeping the immediate lows before heading higher again. OR we have a failure of the head and shoulders pattern, I see this as more likely, its a very obvious pattern and retail traders like obvious patterns, whales can see the orders... As always trade safe EnvisionEJ
BITSTAMP:ETHUSDLong
by EnvisionEJ
BTC-Buy the dip, but be prepared we may not be done yet!Good Afternoon traders! BTC is continued to move mostly inline with my expectations, we are having a reasonable rejection of the area I marked out and its a good place for buys. We have got a massive discount, what more are you waiting for? While I am currently more bullish than bearish, I do still 100% believe that we can head to the 37k area as mentioned earlier today. Technically we wont be out of the woods until we break back above the neckline of the head and shoulders pattern suggesting it has failed. Either way cheaper BTC is always a decent buy. As always trade safe, EnvisionEJ
BLong
by EnvisionEJ
BTC- Be greedy when others are fearfulGood morning traders! BTC continues to follow the forecasts that I provided the past few days. While I did say I would be looking for buying opportunities around yesterdays lows I also said I would be prepared to buy all the way down to the 37k region. As the order book get swept on the back of increasing risk from the Evergrande financial fiasco fud continues to move through the markets. The same people not buying BTC at a 25% discount will be the same people not buying it over 100k... As always trade safe, EnvisionEJ
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by EnvisionEJ
BTC-Predictable as alwaysGood Morning traders! Yesterdays PA was easy to understand if you new what to look for. Retail traders are PREDICTABLE and therefore the markets movements are. The market has moved exactly as anticipated, sweeping out the retail orders stacked at the bottom of the range. We are now currently sitting on the neckline of a large head and shoulders pattern. These patterns are subjective, and become "valid" once we break and close under the neckline. Again don't you think whales and funds know of these patterns.... From this point onwards I will be looking to enter longs, however I will be prepared that price can easily pull right back to the yellow circle around 37k. The current market is being influenced by the spx500 and Evergrande, how it will play out is anyone's best guess, but I would suggest the Chinese government will stop a default to stop toxic debt seeping into the greater market. As always trade safe EnvisionEJ
BLong
by EnvisionEJ
BTC resting on a KEY AREAGooding morning traders! Welcome to a new week! As spoken about last week the stacked retail orders were swept! These stops are EASY to see for the average investor, don't you think Whales and institutions can see this as well? After the sweep we have returned to a key area-and personally I am not willing to call which direction we will move, but have highlighted my 2 main forecasts.... Firstly we could mitigate this breakout range, if we do I can see price heading higher and targeting the region above. If this doesn't happen, I expect a deeper pullback towards the 40k price level, again taking out those retail orders, at this point order books will be cleared a a clear direction can be set again. As always trade safe! EnvisionEJ!
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by EnvisionEJ
BTC weekend update the market is predictableGood morning traders and a happy weekend to you all! Today I will just to a small update recapping on the posts through the week. What did I say-stacked orders from retail traders are easy to see. What happened? stops were swept and then orders were protected. The market is fractal in nature and retail trader psychology is predictable, start looking past the basic support and resistance and you will find a greater depth of understanding in the markets. As always trade Safe EnvisionEJ
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by EnvisionEJ