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Combining technical analysis at BNBUSD There are a lot of technical analysis methods to use, my favorite method is to combine several technical analysis and look for the same point as strong support to buy and strong resistance to take profit. In this example, I use chart pattern, fibonacci ABCD pattern and classic support and resistance. Chart pattern channel up with medium line perform strongly, yesterday this medium line broke down and tried to reach channel up support. channel up support can be a good entry point with target at medium line or maximum target at channel up resistance Classic support and resistance Resistance become support or support become resistance also a strong technical analysis method. in this chart, we have 23 October resistance at $238.6, and now it has become new support. ABCD Fibonacci Pattern Fibonacci are the best pattern to combine with channel up, especially if we have symmetrical channel up. In many cases, 0.618 touch channel up support and 1.618 touch channel up resistance as bullish target. I am a naked trade analyst, so in every analysis I do not use technical indicators, but sometimes people used to combine technical indicator, ie. moving average, EMA, MacD, Bollinger band, and many others. As long as it is accurate and profitable, use it. Let me know in comment below what kind of combination you like most.
BINANCE:BNBUSD
by AzrulAzir
Trading Life- I don't post much right now because nothing exciting is on. That said i will give u one more advise : - When u trade you really need to switch timeframes. - if you see nothing is interesting on 1 week or 1 Day, go to H12, then go H8, then go H6. etc... - Now check your favorite indicators and look at some divergences. - Divergences are the base of trading. - Divergences tell you when you can "try" to enter a trade or not. - if the market just follow the river, there's nothing to do, just watch. - Spot for Divergences than bet on a trade is much better. - Now check my graphic and get it. - Really simple. - Spot on Divergences and understand movements. - Remember that trading is tricky. - Naturally the market will always inverse what u think :D - Sometimes, there's nothing to trade. Stay Safe ! Happy Tr4Ding !
COINBASE:BTCUSD
by thecryer
2
What Does Consistency Mean In Trading ? Hello traders: Today let's talk about “consistency” in trading. Many traders understand they need to be consistent, but what exactly is consistent in trading ? To me, it's not just making consistent “profit”, rather it's being consistent with your trading strategy, risk management, trading psychology, mindset and emotion. Let's take a look at a few examples of consistency in trading: Consistency in profits: More often traders think about hitting a set amount of % return in consistency. This is certainly one way to look at it, but I would say to challenge ourselves to do more. Each and every month, the market will develop differently, hence our profits are not gonna always be the “same” each and every month. Some month with more profits, some month with more losses. We need to have the ability to stay “consistent” no matter what the market condition is. Consistency in strategy and Trading Plan: Remember, there are many different trading strategies out there. The ability to stay “consistent” with your current trading strategy, and not jump from strategy to strategy. Even if your strategy right now isn't getting any entries available in the current market condition, while others are entering trade, you need to stay consistent with your strategy and let the probability play out. Understand no strategy can catch every move in the market. Some will catch this particular run, while others will catch other developments. Consistency in risk management: When you are at a series of drawdowns and losses, the ability to stay “consistent” with your risk management. Not risking more than 1%, not entering more than 2-3 trades at a time. No revenge trade, and/or over leverage trade. Respect your SL and honour the SL. More often traders fall into this stage while they take a number of losses and throw their risk management out the window. Consistency in mindset and emotion: When your strategy isn't playing out on a short term, the ability to stay “consistent” and not to start randomly taking trades based on FOMO, Greed and emotion. Sometimes traders get impatient and feel like waiting for setups to happen is a hassle and they don't want to wait. This is when they start to rush their trading journey and backfires on them. Consistency in your goal: Set goals for your result and progress. The ability to stay “consistent” with yourself and don't let external factors like social media, fake guru, scammers affect you and your goal. If you plan to have 5% per month profit, then don't let other people affect you in a negative way. Everyone trades differently, and with different strategy, method and approach. No need to compare and compete with others, rather, with yourself each and every year. Below I will forward some good educational videos on the above topics that we have discussed: Trading Psychology: Revenge Trading Trading Psychology: Fear Of Missing Out Trading Psychology: Over Leveraged Trading Risk Management: Combine everything you learn to prevent blowing a trading account
Education
by jojofang0901
17
Reaccumulation SchematicWyckoff schematics come in many different forms but originate from a basis of 3 other schematics: distribution, accumulation, and reaccumulation. Reaccumulation patterns consist of many creeks and channels. As you may see here, the minor creek has been broken with a lot of volume. Then, after a big jump--wide spread and high volume-- we saw another break of the major creek creating a major sign of strength. This momentum was enough to confirm a breakout and create an LPS to add to a profitable position. The LPS is shown here in the circle. It is hard to see on a 15 min time frame, but it does exist there for a perfect low risk entry.
NYSE:CCLLong
by Integrity_Investments
2
BTC prediction through 2-28-2021 - Decline to a Boom!For educational purposes.. Get ready.. the next .5 fib wave is done. and to get to .715 is a long wedge rise... Next stop $59,945 , $63,345 , & 65,780 by March 1st-3rd Take advantage of the dip right now at $48-50k. Support strong above 45k, 42k, remains bullish and positive after flash crash to $7,200 on 2-22-21 A rare event in which all monetary values have been reset within block... scarry as an investor.. ouch! $100 billion margin wiped from the books. The next era starts at a basis value of $7200 tho... not $1. think about that for just 1 second... and, we're back.. Now where do you think we go? Beyond the moon. Cosmic exponentials. So, peer those pupils on this accuracy, Follow the yellow line I drew, this is what BTC is doing for next 2 days, by 28th-1st.. a Leap of all years to take place... $20-26K leap.. I call $73-74.5k as next peak by March 17th. BUY THE DIP!!!!!!!
BITSTAMP:BTCUSDLong
by dreambigusa
2
What is the Wyckoff Method? #2 Distribution SchematicDistribution Schematic In essence, the Distribution Schematics works in the opposite way of the Accumulation, but with slightly different terminology. Wyckoff method distribution schematic Phase A The first phase occurs when an established uptrend starts to slow down due to decreasing demand. The Preliminary Supply (PSY) suggests that the selling force is showing up, although still not strong enough to stop the upward movement. The Buying Climax (BC) is then formed by an intense buying activity. This is usually caused by inexperienced traders that buy out of emotions. Next, the strong move up causes an Automatic Reaction (AR), as the excessive demand is absorbed by the market makers. In other words, the Composite Man starts distributing his holdings to the late buyers. The Secondary Test (ST) occurs when the market revisits the BC region, often forming a lower high. Phase B Phase B of a Distribution acts as the consolidation zone (Cause) that precedes a downtrend (Effect). During this phase, the Composite Man gradually sells his assets, absorbing and weakening market demand. Usually, the upper and lower bands of the trading range are tested multiple times, which may include short-term bear and bull traps. Sometimes, the market will move above the resistance level created by the BC, resulting in an ST that can also be called an Upthrust (UT). Phase C In some cases, the market will present one last bull trap after the consolidation period. It’s called UTAD or Upthrust After Distribution. It is, basically, the opposite of an Accumulation Spring. Phase D The Phase D of a Distribution is pretty much a mirror image of the Accumulation one. It usually has a Last Point of Supply (LPSY) in the middle of the range, creating a lower high. From this point, new LPSYs is created - either around or below the support zone. An evident Sign of Weakness (SOW) appears when the market breaks below the support lines. Phase E The last stage of a Distribution marks the beginning of a downtrend, with an evident break below the trading range, caused by a strong dominance of supply over demand. Outcome: Naturally, the market doesn’t always follow these models accurately. In practice, the Accumulation and Distribution Schematics can occur in varying ways. There may be delays in some phases. Still, Wyckoff’s work offers a wide range of reliable techniques, which are based on his many theories and principles. It is certainly much more than a TA indicator. In essence, the Wyckoff Method allows investors to make more logical decisions rather than acting out of emotions. The extensive work of Wyckoff provides traders and investors a series of tools for reducing risks and increasing their chances of success. Still, there is no foolproof technique when it comes to investing. One should always be wary of the risks. Best regards EXCAVO
BEducation
by EXCAVO
18
Comment bien identifier les zone-clés dans les graphiques.Voici la meilleure façon de prédire le mouvement d'une paire de devise. Les étapes à suivre : 1. Tracer les supports/résistances et les key level (flat trend line qui agit à la fois en tant que support et que résistance). 2. Tracer les pattern visibles sans trop d'effort, puis tracer les trend lines haussières et baissières. (code de couleur pour les résistances en bleu et en rose pour les supports - key level agissant actuellement comme res. en turquoise et key level comme sup. en bourgogne). 3. Il est également possible, si nécessaire d'utiliser des box au lien d'une simple ligne pour déterminer une zone influente. Répéter les étapes pour les time frame suivants : 1 month, 1 week, 1 day, 4 hours, 1 hours. Ensuite ajoutez vos indicateurs pour vous ajouter des informations pertinentes utile conjointement à votre stratégie.
by MUNG_GAB