How to avoid difficult market behaviour and a shout out to USASometimes what seems like an obvious next move, stops and turns around on you
Generally this happens because of the higher time frame not done with its duty
Mtops
How to avoid babysitting a trade. So many people are reactive to the market and feel that they need to watch price action whilst they have an open trade open
The best way around this is to work with the correct entry and correct forecast on how long you should leave the trade open for, as well as at which point in the Gann Tool the price will stop at
Doing it this way also achieves the well sort after risk reward ratio's of 1:2 and 1:3
If you are uncertain, put your holdings in a stable coinIf you have been holding for a long period of time and you're uncertain of where the markets will swing due to the elections, the safe thing to do is sell your holdings into a stable coin, then wait for the markets to stabilize before getting back in
Also, if you plan on riding the swings of the volatile market remember to put your system first and your emotions second. There's nothing more disheartening than making big losses during a bull run
The MTOPS system says to protect until next weekFollowing the advice from the MTOPS Criteria, it's best to avoid opening a trade until next week
Have a wonderful weekend 🚀🚀
Updating the 2hr to the downtrend transition 🛠 Strategic Approach: Use a system and be patient, trade with the trend, and avoid reacting emotionally to stop losses.
Losses are part of the game, but controlling emotions and staying focused on probabilities is key to long-term success.
When you don't follow a system, you pay the price (as losses)money likes to be respected
if you work with it, then it rewards you. if not it punishes you
follow a system, no matter how good or bad you are
Smart money uses a system. This is mine "Smart money" doesn’t rely on luck—it relies on a system. Consistency beats chaos, especially when it comes to navigating the markets. I’ve built my own system for making informed decisions, and it's been a game-changer for me.
In this post, I'll give you a look into how I structure my approach. It's not about predicting every move perfectly; it's about creating a framework that helps stack the odds in your favor over time.
Let me know if you use a similar strategy or if you've got questions about building your own system—I'm always up for a good conversation about how to make the markets work for you.
Bitcoin will be creating a higher high within 48hours go LONGIn this transition we set up the next transition for Bitcoin
Price will be heading to a higher high over the next 2 days
set your SL below the current turning point, aka $66,500 should be fine
set your target above the current high
Beware of Symmetrical Triangles. And yes, they occur oftenWhy Beware?
Ambiguous Direction: Symmetrical triangles don't inherently indicate whether the breakout will be upward or downward. Without additional confirmation from volume or other technical indicators, predicting the direction can be challenging.
Market Noise: In volatile markets, price movements within the triangle can be erratic, making it difficult to identify clear breakout signals amidst the noise.
False Breakouts: Not every symmetrical triangle leads to a significant price movement. Sometimes, the breakout fails, resulting in a false signal that can trap traders in losing positions.
Thoughts to all suffering through Hurricane MiltonVolatility finally returning to the EUR/JPY
The Euro is benefiting from relatively stable Eurozone economic conditions, despite some concerns about growth, while the Japanese Yen continues to face headwinds due to the Bank of Japan’s ultra-loose monetary policy
Where to set your stop loss for large positionsSetting a stoploss correctly is vital to risk and reward management
Here is how I set mine
Dropping the Dow Jones from now as well as longer form videos I will be dropping the Dow Jones from today (reasoning provided).
This is a video to say I apologize for the longform videos as I forget that we live in a instant gratification society sometimes and will be tailoring my videos to be under 3 minutes here forth
Forex, where have you been all my life. Wow!Sorry guys, the pro-mic wasn't set to default so we got laptop mic on this one
Very grateful to bitcoin for being my gateway into trading, as it taught me many wonderful lessons
Now that I am out of the splash pool and riding the ocean's big waves, man am I grateful to be able to recognize the beauty of Forex for what it is!
The thanks to my strategy I'm able to trade all kinds of markets as it works in the same way across all markets, and if it weren't for that, I might still be stuck in the splash pool of crypto-world instead of drinking in the benefits of Forex
If I am not the only 'late to the party' day trader, and you're still unsure about Forex, then I recommend you start learning on how to maximize it for you
I want to hear from you, would you prefer a timezone shift?Forex and Euro indices have been this season's treat
For those who would like to trade them too, would you prefer I shift these video updates to the morning (GMT morning?)
As there are no more live streams available on tradingview I cant speak to live markets as they are happening, and with Dow Jones its sometimes hard to confirm the turning point until after the High Frequency bots have done their crazy dance
Also, I love this game and I have a ton of valuable experience behind me. If you are someone serious about trading reach out to me and I'll help where I can
Turning Points within a Market Cycle Hey learners
The first bit of this video covers the turning points of a market cycle
I then proceed to explain more reasons why I've moved away from the cryptosphere
These are all my opinions, what are yours?
Setting up time cycles on new marketsMy strategy works on all markets and on all time frames, in the same way
Today you see what is needed to set up market cycles
Please reach out with any questions you may have
I have a rule to follow the money rather than marry the marketThe cost to trade Bitcoin, the boring movement and other reasons have me moving away from trading Bitcoin from today.
I will be focussing on a morning market and an afternoon market
Right not it seems to be Forex in the morning and an Indice in the afternoon, namely the GPBJPY and Dow Jones
I hope this doesn't upset anyone. I have a rule to follow the money rather than marry the market
#Bitcoin should climb further up as it's too early for a switchBitcoin’s current market dynamics indicate more upside potential. The recent bullish momentum suggests that we haven't reached the point where a significant trend reversal is likely.
Price continuation along support. As predicted Not much to say other than price is going up as predicted
From here we see it climb more until it reaches the target zone for the next steps
Seemingly a big uptrend forming here..It seems that low formed early, which was unexpected... not good for market structure
for price to reach the next high responsibly a lot of buying has gotta happen.
very interested to say the least
Price heading down for a bitPrice hit $60k as promised
It needs to regress into its new low position next
It seems price is now heading to $60k this weekendAfter the consolidation it seems price is on its journey upwards
Typically the weekend liquidity drops off. Looking forward to Monday
Trading the lower frames whilst the higher ones crawlClear market structure is very important to trading
The dominant trend (higher time cycles) guide the lower ones
When it's ranged for days, the lower time frames are still tradable but with a higher risk
Wherever you place your trades, ensure they are protected (don't go too big)
