SHIBUSDT 30M Order Block and Daily 26EMA LongGood example of BINANCE:SHIBUSDT 30M Order Block and Daily 26EMA confluence Long. I consider a bullish order block to be a red swing low candle followed by a green candle that closes above the red candle open (green candle must close above to satisfy my definition of order block). The Daily 26EMA is also a strong dynamic support line if price is staying and closing above. Take profit areas are previous 4HR order blocks and breakers as well as the Daily 12EMA. Solid 37% move and 6.5 RR trade.
LONG
MARKET ALPHA - HOW TO FIND TRENDLINESIt's extremely important to look at price action where you are looking to place your trendline.
What I like to first start off is with looking at the areas where we have seen either gap up or gap downs. Starting at the most significant relative area to my analysis, I will continue that line, scoping out other gap areas if within reason. Some are very obvious. This one was one of the easier ones to spot.
I would recommend going over this chart and looking to see what it was buyers AND sellers were thinking at that moment. Would a skeptic seller have to become a buyer? Could buyers be running out of cash or is there enough liquidity to keep the stock down? This is where technical analysis comes in. It helps you understand the more important levels easier and faster.
I hope this helps.
Enjoy!
NYSE:AMC
Perma-bears are wrongHave you ever experienced a moment where someone is saying that a huge market crash is inevitable? Or maybe you have watched a video some expert with a legion of followers was declaring the same fact?
I've seen plenty small names and even big names who are just constantly doing that so I decided to have a brief overview why most of these statements are false and they are just created for marketing purposes to attract more followers, not to warn an investor.
Bearish bias and perma-bears are doing it for wrong reasons and investors shouldn't be too much into this apocalypse of the financial markets stuff. In fact the bearish bias in the market since 2008 is probably the costliest human bias in finance.
Yet many of the best-known Wall Street pundits are persistently pessimistic and many of them have been around for decades. These are all incredibly smart guys who do amazing analysis that mostly points to an imminent large-scale bear market. And yet the evidence shows these forecasts are almost always wrong. Why do we keep reading their stuff? Because it sounds really smart! The forecasting business has very little accountability and is mostly about marketing and sounding smart, not accuracy.
If you looked at the chart you instantly figure out that markets in a long run are always long. It seems a lot like perma-bull and none like perma-bear and charts speak for themselves.
Two graphs with two very different instruments - bitcoin, which only appeared 13 years ago and DOJI 120+ years. Nonetheless they look quite the same - curve which constantly goes up.
Obviously there are times where shorting is probably the only option, but is less often when you think.
Financial markets reflect in human progress and it is going faster and faster.
Smart investors set and forget or know what majority don't know, but most people who pretend that they can predict the crash and do it constantly without any any good reasons (markets are overextended most of the time and they form new higher price value zone again and again) just trying to do that for all the wrong reasons.
Don't fall into the category of naive believers. Do your own due diligence, trust statistics and what you see, not what you hear.
Good luck with investing and trading.
My investment strategy. Example of my own $AMD position.I've been investing in NASDAQ:AMD since the last year.
AMD is one of my biggest positions.
For my long-term investgment portoflio I use fundamental analysis to evaluate stock buying opportunities.
If I like the company I then use technical analysis to determine entries, exits and targets.
Here is my technical setup on NASDAQ:AMD
I use a combination of technical indicators. Here is my process:
1. Determine current long-term trend channel.
2. Find supply and demand zones to form a box inside which a stock is currently moving.
3. Watch for the box breakouts using volume as an indicator of move's worthyness.
4. Find new boxes after the breakouts using the same process.
5. Rince and repeat.
This investment strategy is pretty flexible.
You can day trade/swing trade inside the boxes.
You can buy the breakouts when you identify them and sell in the next box.
You can accumulate large positions at demand zones of multiple boxes for a long-term.
Personally, for my long-term investments I add to positions after the bounce off of the demand zone and trim after breakouts when the move reverses to form a new box.
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Please let me know if you want to see a deeper dive into fundamentals in the future.
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Disclaimer!!!
This is not financial advise.
Crypto/Investing Cycle - How INVESTING really works, EducationWhen we hear the first time about investing the majority thinks that this is rocket science. But it is not. I do not mean that it super easy but with the right knowledge it will super clear on how to participate and how take advantage of it.
In this video I will explain everything which is important to know
- Investing Cycle
- Crypto Cycle
- how money is moving
- big institutions
What do you think?
Benefits of Long Term Investment
📊 Benefits of Long Term Investment 📊
━━━━━━━━━━━━━
Reduces Transaction Fees (Cost)
Every time you invest, there is a transaction fee incurred. If you invest for a long-term and avoid repeated investments, you save multiple fees.
Tax Benefits (Tax)
Long-term investments are taxed at rates lower than your income tax bracket.
Stability (⚖)
Long-term investments exhibit lower volatility compared to short-term investments.
Best Saving Option (🧰)
Long-term investments serve as a good savings option for post-retirement, future home, or college, education, etc.
Compounding (📈)
Long-term investments grow at a compound rate of interest. Hence, the gain in this type of interest is substantial.
━━━━━━━━━━━━━
HOW TO: Center Of Gravity OscillatorIf I could only have one indicator it would need to be versatile. It would need to able to confirm trends, highlight pivots and reversals but most of all it would need to expose epic entries. Lucky there is such an indicator... The Center of Gravity Oscillator (COG).
The COG is yet another masterpiece created by John Ehlers. It is essentially zero lag and enables clear identification of turning points. This indicator is a result of Ehlers research into adaptive filters and was published in an article on page 20 of the May 2002 issue of Stocks and Commodities Magazine. According to the Tradingview docs "The cog (center of gravity) is an indicator based on statistics and the Fibonacci golden ratio."
1. Breakout Trading
Breakout trading is one of the most popular trading strategies and rightly so, there is not much better than watching those candles fly to the moon.
Trend lines and wedges can be made by connecting 2 or more pivot points (as shown above). When the oscillator crosses the trend line traders can expect “boom” like explosions in price action.
Above is an example of a breakout.
Below I’ve marked out some breakouts on 1 hr BTC chart.
Epic breakouts can be found by drawing a trend line along major pivot points. The major pivots should be easy to spot as they stick out above and below the minor pivots. (As shown below on 1 hour chart.)
There are many oscillators that can also pick up breakouts, below are some breakouts marked on the BTC 12 hour chart with my Volatility Oscillator.
Smaller breakouts can be found by drawing a fan from major pivot to minor pivots.
Ive marked out the most obvious breakouts on the ETH Daily chart below.
Along the way I found some LSMA pumps, which leads me to the next strategy…
2. LSMA Breakouts.
Least Squares Moving Average is my favourite moving average and I incorporate it in one way or another with most of my scripts. To understand a LSMA breakout have a look at the LSMA 21 line on the chart below. As the candles cross the line it breaks out.
The default setting for the LSMA line on my COG indicator is 200. This is a great “zero” line and shows general trend. To catch LSMA breakouts I set the COG length to 6 and LSMA length to 6. The LSMA can also be set to 21 to find breakouts and LSMA Pumps (don’t worry, I’ll get to it soon).
Easy to find sweet entries on the BTC 1 hr chart.
3. What is a LSMA pump???
This is when a LSMA line pulls back and crosses another line for just a few bars before recrossing into a boom. Ive marked out a few LSMA pumps on the chart above. I like to use COG set at length of 6 and LSMA set to 21 for trading hourly to daily charts.
4. Trading Reversal Patterns.
If you are not familiar with reversal patterns such as double tops, double bottoms or head and shoulders then it would be a good idea to look into it. These are fundamentals of reading charts.
The COG is great for trading these patters too.
Above shows reversal patterns marked out.
5. Previous High/Low Strategy
This is another chart reading fundamental. This strategy can be used to find solid long and short entries. He is an example below using no indicators.
This example is a down trend that turns into an up trend. The first entry is a short found when price is unable to beat previous high. The second entry is a long. This is the confirmation of the up trend. Notice how the the low pivot point is higher than previous pivot. Next a short reveals itself again as price is unable to beat previous highs. The next long entry is made as up trend is reconfirmed by a low pivot forming higher than previous low pivot. Lastly another short as price is unable to beat previous high.
Now to apply this to the COG…
Above shows a nice long and short on the major pivots. The first trade is a long. As the major low pivot is made it does not break previous major pivot low and thus is a great long entry. Price then breaks out and forms a major high pivot point which does not break previous major pivot high making a great short entry.
The next example shows trading on continuations of trends.
A major Pivot is made. Long entries are found every time the the lows keep getting higher. Often these are LSMA pumps.
Above is another example of finding solid entries.
Here I have marked the entries on a 1 hour ETH chart using this strategy. It is great for swing trading.
6. Tuning your indicator.
Indicator settings should depend on what timeframe and what trades you are looking for. Its always a great idea to play with the settings and get the signals as accurate as possible.
COG lengths to try: 3-6, 9-14, 21-27, 50-55, 100, 200.
LSMA lengths to try: 2,6,9,11,19,21,25,27,32,50,100,150,200
In the indicator settings there is an option for smoothing. I usually have this turned on.
The centre of gravity oscillator is one of the most underrated indicators out. It gives solid signals and Im sure there is plenty more that I have not mentioned here. I am currently working on including all these signals into the indicator so you can set alerts or run bots. So far it looks like a Christmas tree with all those signals and needs work….
If you have any questions or ideas please drop a comment below. I am always keen to talk shop.
You can find my COG indicator here:
Join me on Bybit! They have the lowest fees and best servers. It’s free to join and we both get $20 if you use my referral link.
partner.bybit.com
Thanks for the support and happy trading!
[Trade Review]How I traded $SQ, $HD HUGE FUMBLE, $TLRY, $MSFT, $In this video I will reviewing trades I took on June 29, 2021 which were $SQ, $HD, $TLRY, $MSFT, $baba Along with an explanation of my plan as well showed you guys my TA for some possible set ups! Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emma's, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always!
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[Trade Review]How I traded $DIS 200% GAINS, $TLRY, $MSFT, FUMBLEIn this video I will reviewing trades I took on June 28, 2021 which were $TLRY, $DIS, $MSFT, $ZM from watchlist I provide from the stream on Saturday! Along with an explanation of my plan as well showed you guys my TA for some possible set ups! Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emma's, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always!
Want to see more content like this? Make sure to Like and Subscribe!
EURUSD Recent Price Action| Identifying a break of a key levelEvening Traders,
In this educational post I will analyse how a price action level breaks and puts in a retest.
Assessing the chart, we have a clear Resistance on the left that was breached with an impulse break. The level was retested and confirmed as support with an S/R Flip Retest.
This shows strength in the price action; however volume was not evident, leading to a bearish expansion back below the level.
EURUSD eventually retraced and broke the resistance again with a strong impulse and is currently trading above the level.
For this breakout to be valid on the retest, we need to see an increase in the volume profile. This will signify a true break as incoming volume will lead to an expansion.
I hope this educational peace helped,
Thank you for following my work!
[Trade Review] How I traded $HD, $U, $SPCE, $ROKU In this video I will reviewing trades I took on June 22 ,2021 which were $HD, $U, $SPCE, $ROKU these trades were taken from todays livestream were i explained my plan showed you guys my TA and updated my TA as we went on plus answered questions! Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emma's, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always!
Real world example of the three market phasesReal world example of the three market phases
Large sale of assets by speculators. Understatement of prices.
The Broker's motivated team, different client departments begin to motivate their clients to buy an undervalued tool for forecasting the rise and earnings, therefore, in anticipation of the rise, consolidation begins
The limit level for selling from a large speculator. Range maintenance
The brokerage team begins to work actively and recommend the stop zone based on the opinion of their clients regarding risk management, namely risk / reward. The result is a large number of sales orders.
Large speculators manipulate the market to confuse ordinary traders, and then sharply reduce the price of the instrument and knock out the stop levels of the players.
After taking the necessary liquidity, collecting a large number of buy orders at the exit price, large speculators begin the phase of profit taking
The more patient, outside traders speed up the move, catch up with the runaway move and make a small profit.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
What is a Cup and Handle Pattern? GBP/USD Real ExampleGood morning, traders! Today we will make an educational post about a specific behavior in the market in certain circumstances, and we wanted to take advantage of the situation in GBP/USD that is currently happening.
The pattern we are talking about is the CUP AND HANDLE PATTERN . This pattern is widely used in stocks or indices since they are trend instruments by their essence, and it serves to catch a potential rise in price after a correction. The premise for this pattern to be valid is that the asset is in a CLEAR trend, either bullish or bearish, and has initiated a corrective process.
A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u," and the handle has a slight downward drift.
There are three key things to consider when forming these patterns:
🔸Length: Generally, cups with longer and more "U" shaped bottoms provide a stronger signal (this case). Avoid cups with sharp "V" bottoms.
🔸Depth: Ideally, the cup should not be overly deep. Avoid overly deep handles, as handles should form in the top half of the cup pattern.
🔸Volume: Volume should decrease as prices decline and remain lower than average in the bowl base; it should then increase when the stock begins to make its move higher, back up to test the previous high.
🔸In addition, it is also an important factor that the handle is a clear corrective pattern and has some point of support or support. In this situation, we see that in the daily chart, the price is touching the uptrend line, and also in the published chart, we see how it is also testing the broken zone of the range. The current reversal point is solid.
Trend Continuation Patterns with Real-Time ExamplesGood morning, Traders! Today we will make an educational post about the most used corrective patterns. There are numerous patterns, even more complex, such as Elliott counts where each internal wave of corrections is explored, but the reality is that it is not 100% necessary to apply it in the market.
The idea of this information is to provide a simplified, useful and applicable overview. For this, we will explain the corrective patterns and then we will show real-time examples that are being presented in the market at the moment or that have happened recently.
The examples will be in high temporalities so that the charts are valid for a few days/weeks.
One concept that encompasses all the corrective patterns that we are going to talk about is that they are all trend continuation patterns. That is to say, it is a correction that is formed and then continues to the previous trend. That said, in all cases, it is necessary that prior to the pattern, there is an impulse in that direction, that is, if we see a triangle, for it to have an upward resolution it is necessary that the previous trend be upward. While there are some cases where the patterns can go in both directions depending on the context, we won't get into them.
Keep in mind that we ALWAYS have to analyze the context of the pattern correctly. For example, if we see a bullish continuation pattern forming near a major resistance or trend line that could interrupt the price movement, it is clearly not the place to put your money. You should always look for the correct pattern + the appropriate scenario for the trade, where the risk-benefit ratio that we obtain is appropriate.
🔸Pennant Pattern: is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines—the pennant—followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole.
🔸Ascending Triangle: it is created by price moves that allow a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns.
🔸Flag Pattern: when price moves counter to the prevailing price trend observed in a longer time frame on a price chart. It is named because of the way it reminds the viewer of a flag on a flagpole. The flag pattern is used to identify the possible continuation of a previous trend from a point at which price has drifted against that same trend. Should the trend resume, the price increase could be rapid, making trade timing advantageous by noticing the flag pattern.
🔸Descending Wedge: The wedge pattern is a continuation pattern formed when the price bounces between two downward slopings, converging trendlines. It is considered a bullish chart formation but can indicate both reversal and continuation patterns – depending on where it appears in the trend.
🔸Rectangle: is when the price reaches the same horizontal support and resistance levels multiple times. The price is confined to moving between the two horizontal levels, creating a rectangle.
Real-Time examples:
AUD/USD Descending Wedge:
EUR/GBP Rectangle:
EUR/NZD Rectangle:
GBP/USD Flag:
NZD/USD Flag:
USD/JPY Flag:
Always trade in the direction of the Momentum !Who goes long for a share when its bearish? Do you sell your shares if trend is bullish? how can one understand the status of a stock?
One of pillars of successful trading is to trade in the direction of the momentum. of course it is not guarantee your success in all trades but it is definitely a must thing to consider and is necessary for a good trade.
There are some indicators which show the momentum of the market among which " STOCHASTIC" and " STOCHASTIC RSI" can be mentioned.
Simply the momentum is bullish if fast line ( Blue in stochastic indicator) crosses slow line( Red in stochastic indicator) upward and Momentum is bearish if fast line crosses slow line downward.
It is OK to go long if Momentum is Bullish and is OK to go short if it is is bearish. 2 bullish reversals are shown in the chart which show a good point to buy shares . One Bearish reversal is also shown which indicates a good time to go short.
Bullish and bearish reversals in oversold and overbought zones are more powerful. when both fast and slow lines are in oversold zone ( below line 20) it tells us that down side should be very limited. if both lines are in overbought zone ( above line 80) we can expect a near bearish reversal.
Combination of this concept with Elliott wave patterns and Fibonacci levels can give you a powerful tool which is beyond the scope of this post . A simple and elementary example is shown in the TSLA chart which a bearish reversal coincides with 0.618 Fibo retracement and descending trend line.
My strong recommendation is just simply put away those ideas which encourage you to go long when momentum is bearish or (bullish but in overbought zone) and vice versa.
Good Luck in your trades
Parabolic Explosion / The Bitcoin PhenomenaGood Morning traders! Today we bring you a curious post, and maybe a bit controversial, since we are going to propose a future behavior in bitcoin (in relation to past events) with an extremely interesting price target.
To make this post, we will focus on the last large corrections, that is, backward movements that lasted for months or perhaps years. They can be clearly seen in the chart of the post, because the chart is in a logarithmic scale (if you do not know what the logarithmic scale means, leave a comment and we will gladly make an educational post in relation to the different scales in the graph).
We can see great similarities in the corrective movements, and so far the impulsive movements have been respected.
Speaking of corrective movements, we see that both have a depth of approximately 85%, and a duration of between 1100 and 1300 days.
🔸We can see more clearly the corrections in the two charts below:
🔸The target set in both situations is the theoretical target of this type of movements. Of course, the movement after the first correction ended up being abruptly greater than the theoretical. The rise of the previous impulse was +1600%:
Now what we ask ourselves is if the current impulsive movement replicates the previous rise. If so, it would imply a +1600% rise from the breakout, resulting in an approximate target of $340,000.
Interesting, right?
This kind of behavior is common on many cryptocurrencies. We have more examples and cases, so, feel free to comment the cryptocurrency you are inteterested in and we will try to apply this kind of analysis to it!
How to Catch a Trend? Deep Explanation on a Real SituationGood Morning traders! Interesting idea today regarding the NZD/JPY pair.
This post is aimed to all the trend followers, since it implies a breakout of an interesting ceiling. This pair has been consolidating in the current retracement for more than two months, and we can already begin to see intentions of a breakout in the short term.
Why do we say this?
🔸Since March 25, the minor trend is clearly bullish. This determines that there is an interesting demand, and it is possible that we will see a brekaout soon. The target of the potential movement is in the next Resistance zone, at 84,000. We determined this based on the analysis of the Weekly chart:
🔸Well, the above is just an analysis. The question is, how are we going to trade this movement?
🔸In the 4H chart we will plan the setup. It involves a corrective move in a throwback towards the broken zone, and then the corresponding momentum. It has a GREAT potential if it happens, since it can be a trade with a return greater than 4 or 5 times the risk assumed.
Why are we trading this way?
Because we are momentum traders and we look for trades that goes in the direction on the main trend.
And how to catch a trend?
This is a commonly asked question. As a breakout traders, we always look for clear impulses followed by corrective moves. After that, we will look for the new impulse in the direction of the main trend, using that corrective move to place our entry and stop loss level. Here are 5 examples of the last bullish trend:
The first thing we will do is to position on the daily chart to show you all the corrections we saw on the chart. After that, we will decrease to the corresponding timeframe to be able to see the structure comfortably and detail how we would have traded it. We will use a very simple risk scheme, fixed 2: 1 R / R ratio in order to simplify the explanation. The entry point is at the breakout of the structure, and the stop loss below it.
How to Take Advantage of Both Market Directions?Today we will talk about a very common situation that occurs in the vast majority of traders (if not all), especially when we have just started to get into this bussiness.
There is a consistent struggle between convictions, ego, and market views or analysis. This generates that we try to see in our analysis what we want to happen, or what we need to happen, and ultimately this the only thing that generates are psychological issues on the trader.
The best way to remain calm and be able to trade in a cold and consistent way is to plan in advance all the situations that may occur in the scenario we are analyzing, and how we would act in front of them. In this way, we do not allow ambiguities and we will only take positions if what we are waiting for happens. And, covering both directions, we will not feel that we are missing something if the movement is the opposite of what we expect (as it would happen in case of analyzing only in one direction).
In this case we will analyze AUD/JPY to show you how we carry out this analysis:
🔸First, we are going to detail our vision of the daily graph that is the one shown in the publication.
🔸As we can see, the price is in a clear uptrend, and when faced with the Resistance zone it began to consolidate for several weeks.
🔸From there, we didn't see a clear direction. When we detect that there is no type of trend or clear behavior, we stay out of the market and wait for an opportunity to happen where we can establish a clear horizon.
🔸What we propose to trade this pair is that there is a brekaout. It can be in a bullish or bearish direction. In case of being bullish, it must be from the Resistance zone and in case it is bearish it must be from the trend line.
🔸We are going to decrease the timeframe to show exactly what we expect:
🔸In this image we see the 4H chart.
🔸Basically what we detail is that we expect a break and then a retest / corrective structure. This is because it is a security add-on to avoid potential fakeouts (the trade can fail anyway, of course).
🔸Once we see the retest, we will have a new swing or structure to be able to position our entry and stop loss safely, with a favorable risk-benefit ratio.
🔸The targets are: Resistance zone in case of bullish breakout, and Support zone in case of bullish breakout.
Mitigating High Risk Long Positions with CoveringStop losses are an, often unwelcome, but ultimately necessary and life saving tactic to day trading. When going long, setting a high stop loss can be beneficial for getting out of bad trades quickly with small losses, and opening yourself up up more opportunities for good trades. Setting a low stop loss on the other hand, can be beneficial by greatly increasing your profit. Many trades that seem bad initially end up rallying and turning profitable. Generally speaking, the lower your stop loss, the higher your percentage of good trades. The downside to a low stop loss of course is that trades take longer, locking your funds up, and what if price actually hits your super low stop loss? You've lost a super amount of money.
In my trading career so far, I've preferred a low stop loss. Losing out on a good trade due to a conservative stop loss is more painful to me than the risk presented by a liberal one. But this is a high risk to accept. Losing, say, 20% of my trading capital is definitely something I want to avoid, but not at the cost of a high stop loss.
So, I can hedge my position, mitigate my risk, in one of a few ways. I can open a short position when I see my long position go south. Or I can engage in Dollar Cost Averaging: I buy more as the price falls to lower my average position size and ultimately my target profit. These are good options, but come with their own side effects. Opening a short position opens you up to risks associated with a short position, i.e. price suddenly shoots up. And Dollar Cost Averaging requires additional funds to keep buying. What else can I do?
Enter "Covering". From Investopedia: "To cover is to take a defensive action to lower the risk exposure of a position"
The graph attached here is a demonstration of Covering (the exact spots for buying/selling were picked hastily; this example is purely conceptual and an ideal situation). The basic idea is: when price begins to fall, sell it, just like a stop loss. However, unlike a stop loss, the intention is to buy back in at a lower price when price begins to rise again.
This is like dollar cost averaging, because you're, in a sense, lowering your average position size. The difference is you don't need additional funds. This is also like short selling, because you rely on the price continuing to fall, but you haven't borrowed anything in order to benefit from this fall.
As you can see in the diagram, as you sell and buy back, the amount of shares/coins/whatever you can afford off your initial capital increases, thus either increasing your profit if the trade hits the profit target, or decreasing your losses if the trade hits your actual stop loss.
Here's how Ive been setting up my covers:
When price begins to fall, I set a conditional market sell somewhere below the nearest support. If price falls to this level, I immediately sell everything
Once I've sold all my shares, I set a trailing stop loss for the cover; I generally do ~1.2%. If, after I sell, price rises 1.2%, I buy back as many shares as I can with the money I got from selling earlier. Ideally, this trailing stop falls well below where I sold.
Rinse and repeat until price either hits your original take profit or your original stop loss.
Some things to note. Do not buy below your original stop loss! The purpose of this strategy is to respect your original decision, not make new ones . This is meant to mitigate a high risk situation, don't expose yourself to more risk in doing so. Also, you theoretically want to buy back above your original stop loss, even if it looks like it's going to fall through. Make your own call here, but by not buying back, you've essentially just changed where your original stop loss is, and thus changed your original trade decision.
Of course, nothing is without its own risks. It's quite possible that you get stopped out for a loss every time you sell, i.e. you sold, price went up, so you buy back at a higher price to stay in the trade. This will eat into your profit if the profit target is eventually hit, or simply add to your losses if the stop loss is hit.
From my point of view, that risk is less painful than the risk of hitting a low stop loss without covering. You theoretically give yourself more chances of being right with these micro trades inside of your larger trade, and if you get lucky, as is the case in my diagram, you might actually profit even if your original stop loss is hit.
This strategy requires attention, for sure, but if you're both strategic and lucky, you can really save yourself from the downsides of a high risk trade without adding money to the pool, or exposing yourself to short selling risk.
Long term investment using moving averages
Green Line IS 200 WMA of Closing Price
Blue Line IS 200 WMA OF Low, Multiplied By 0.90
Red Line IS 100 WMA of Closing Price
Condition to buy : Green line should be above red line and closing price should be above green line
BUY only when the above condition is fulfilled.
Target For Time Frame of 1 Year = 2 X Price at buy trigger
Target For Time Frame of 3 Year = 3 X Price at buy trigger
Target For Time Frame of 5 Year = 5 X Price at buy trigger
Target For Time Frame of 10 Year = 10 X Price at buy trigger
However, Targets for 5 & 10 years can also depend on other factors.
Stop Loss Is Trailing To Blue Line
WTW: Worried about BTC and ALTs? Let me help.BITBAY:BTCUSDT sometimes feels like a winding road of volatility and confusion. It is until you understand the meaning behind the madness... In this week's: What The What?1? with @SwayzePunkz.
SwayzePunkz is an educational service, we're, of course, never soliciting any products we're just looking after the average investor, from beginner to advanced with some tips and tricks we learned along the way. Disclaimer, this isn't financial advice, so don't take it that way or we get in trouble.
Somewhere along the way, I came across some pretty useful information on TradingView, I was a beginner, but something caught my eye on the ol' squiggly lines. (this was before I knew what candlesticks were). I was roughly familiar with the FTX:SPYUSD aka the S&P 500, I knew it was a market indicator that showed roughly what was happening, but that was it... But what I noticed was the correlations between this chart and some of the ones I was watching.. Some of them, almost like clockwork, following the chart, or better yet, inversely (like it's opposite day) following the S&P...This staggering realization made me understand that trading wasn't only about the Trade fundamentals but also relied on the market's overall daily performance.
As I've always preached, trading is a mind game... Not some Jedi-voodoo shit, but a rigorous representation of human psychology. And that psychology all boils down to one word... Confidence.
Confidence could be the feeling you get when you're walking tall after getting that dope new fade, or it could be the way you feel about an unknown. As far as the squiggly lines go, unknowns come with the territory. This doesn't mean they need to be scary, and you should never feel worried. Confidence is that feeling after you've looked at the charts, made a plan for action, and are ready to execute. The better you are at trading, means the more confident you will be - before everyone else. I say this because if a chart is screaming at you, it shouldn't be because everyone already bought it and you feel that FOMO (fear of missing out). That confidence needs to come much before that, depending on the trading style as early as 30 minutes before everyone else. This way, once everyone else is throwing in their stake, you're already in, at that low-low, watching your portfolio climb and climb.
Now, the stock market is behind me and I'm a crypto punk these days, not your standard #NFT but I'm all about these crypto plays and I love the volatility... But at the base of it all, it all comes down to one fundamental truth, find your way to become confident in an entry, before everyone else.
Consider this, remember that time you bought into a long position, then it took a sharp turn to the dirt? You were trading FOMO. If you experience this a lot, here's my tip for evading this What The What?! scenario...
When you get that feeling in your tummy when you're scrolling through your "most active" for the HIGHEST* change% over time... That is FOMO**. Try the opposite, look for that entry on a stock that is OVERSOLD** and is on the LOWEST* change % list, and see if that has an entry point. If you're playing the short game take the words with * and ** above, and swap em.
This has been another What The What?! article from @Swayzetrain from @Swayzepunkz.
As always, thank you to TradingView for your amazing service. If you're not already a PRO member, I highly suggest you check that out for some of the best charting money can buy. Go over to SwayzePunkz Promo for $30 off your new membership *terms and conditions apply.
Also, thank you to my homies at MOGO, for hooking me up with my brand new Crypto Back Rewards Visa,
and to Binance for giving me a place to trade without worrying about high trading fees and confusing platforms!
If you want to check either of these things out, swing on by my Linktr.ee at Click Here!
or from mobile just hit up my TradingView Profile (hit follow) and go through my link in bio!
Have an awesome trading week guys! Talk soon!
selby_exchange - Selby Margin Trading Rules v1.1Selby Margin Trading Rules 1.1
1.Trading Working Hours: 01:00UTC Monday thru 21:00UTC Friday take off all weekends and holidays. Only begin margin trading after 30 minutes of reviewing all instruments and timeframes.
2. Margin Forecasting: Charts are built on the 11/15min. using data from Heikin Ashi candle wicks. Identify entry/exit on the 1,2,3min. chart using moving average crossover intersections based on the Fibline Glance indicator set to: 100,100,0.1,40,0.1
3. Risk management: Maximum leverage on any position long or short is 70X. The position size should be based on weekly "working capital" and not total life savings. Formula for position size is a 5X position can use up to 95% and a 70X position can use up to 30%.
4. Enter limit order long/short and then set limit exit to take profit (TP) at the next short term Fibonacci level. Moving average crossovers in higher timeframes 14,21,33,48min. the 1-6hr. and 1day will confirm market direction for successful trade.
5. "THINGS TO AVOID" Greed - Bragging - FOMO
6. -2%-20% RULE: Always close negative positions. Look for a retrace opportunity to exit but if trade falls below (-2% on a 5X) or (-20% on a 70X) for more then 30min. set a stop loss limit order to prevent loss of time and a potential liquidation.
7. 60/40 Split: To maximize margin profit, stay out while awaiting confirmation of market direction, the entry must be caught at the Fib. Think/Chart 3-steps ahead, do not rush yourself into a position. Wait a few minutes between entry/exit. "3-Strikes" If you have three bad trades during the workday stop for 24hrs.
8. (TP) TAKE PROFIT: Cash-out at the end of the week into btc/fiat and pull 10% of net gains out of cyberspace forever. Work as long as you like on any day during the week, but remember not every day of the work week is always a good trading day.
Selby finding creative patterns in charts on Tradingview
Not advice for investing, but I am one to watch
Rebellion=Change=Future
Do not gamble on earnings This stock is a perfect example of why you shouldn't yolo trades on earnings. The pattern looked great, and the stock is very bullish and also in a great sector. However, something happened on earnings. I don't really care what happened all I know is it effected the stock price severely. The thing about earning is that a company could come out with the best possible news but end up still tanking the stock price. Why? I have no idea and neither do you. best bet is to not trade earnings .