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OKB falls with the help of Expanding Flat(Short term)❗️OKB is moving above the descending channel and near the 🔴 resistance zone($ 47-$ 46.6) 🔴. In terms of Elliott waves, the rise of OKB to the above descending channel happened with the help of the common Expanding Flat pattern(ABC/3-3-5). I expect OKB to fall to at least the middle line of the descending channel after breaking the 🟢 support zone($ 46.25-$ 46) 🟢. OKB Analyze ( OKX:OKBUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
24
⚠️Don't get FOMO on Bitcoin⚠️Hi everyone👋 (Reading time less than 3 minutes⏰). Why Shouldn't we Get FOMO on Bitcoin❗️❓ Please be with me in this post to answer this question.↘️ To analyze Bitcoin, I first used Fibonacci tools (price + time), I also identified 🟢support🟢 and 🔴resistance zones🔴 on the chart, and I used Volume , RSI , and Bollinger Bands indicators. I also specified 🔵CME Gaps🔵 on the chart that can be a road map for Bitcoin because they are completely filled up to this time. ⚠️Reasons not to get FOMO :⚠️ Bitcoin is moving in a 🔴heavy resistance zone ($ 32,400-$ 28,120)🔴, and most resistances or supports are not broken with the one-time test. Bitcoin is moving in the 🟡Price Reversal Zone(PRZ)🟡. Bitcoin is moving in the 🟡Time Reversal Zone(TRZ)🟡. The Regular Divergence(RD-) between Volume & RSI indicators, and the price. ❗️Sell❗️ signal Bollinger Bands indicator: Sell signals form when the price goes up and a green candle breaks and closes above the upper band, and then it is followed by a red candle closing below the band. 🔔So, I expect Bitcoin to at least fall to the middle pitchfork line & support line and fill the first lower 🔵 CME Gap($ 28,265- $ 28,110) 🔵. Bitcoin Analyze ( OKX:BTCUSDT ), Daily time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
39
⌛ It's Just A Matter Of Time📍Journey Of a Successful Trader No one started as a good trader. Every profitable trader was once a newbie. The journey of a successful trader is filled with challenges, hard work, and perseverance. It begins with a strong desire to learn and a commitment to become an expert in the markets they are trading. 📍The Right Path To Reach The Top 🔹Learn the basics of Trading 🔹Pick a Strategy that you fully understand 🔹Trading plan customized to your lifestyle 🔹Back Testing your strategy and plan 🔹Review your Trades, calculate your expectancy 🔹Demo Trading to build basic knowledge 🔹Live Trading, Manage your risk and emotions 🔹Professional Trader 📍Summary The first step in the journey is to acquire the necessary knowledge and skills. This includes learning about the financial markets, technical analysis, risk management, and trading psychology. Successful traders also develop a trading strategy that fits their personality and trading style. Once they have acquired the necessary knowledge and skills, successful traders spend countless hours studying the markets, analyzing charts, and monitoring news events that may impact their trades. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
4
XRP - TRIO RETEST 3️⃣ OKXIDEASDear TradingView community and fellow traders, I find the daily chart for XRP to be interesting as it appears to be forming one of my favorite patterns. What I call TRIO RETEST OKX:XRPUSDT - Daily Timeframe - OKXIDEAS Here is why the purple circle is a strong zone to keep an eye on: 1 => Oversold Zone XRP is bearish short-term trading inside the falling channel in red and now approaching the lower red trendline which I consider an oversold zone. 2 => Overall Trend XRP is bullish medium-term trading inside the rising broadening wedge in blue and now approaching the lower blue bound / trendline acting as a non-horizontal support. 3 => Support Zone The green zone is a previous resistance turned into support. As per my trading style: As XRP approaches the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break, and so on...) 📚 Hope you find this post useful. It's important to always adhere to your trading plan, including entry points, risk management strategies, and trade management techniques. All Strategies Are Good; If Managed Properly! ~Richard Disclaimer: The information provided is for educational and informational purposes only and should not be considered as financial advice. It is important to do your own research and make informed decisions before entering any trades. Past performance is not indicative of future results. Always be aware of the potential for losses, and never risk more than you can afford to lose.
by TheSignalyst
56
📈 The Trailing Stop Loss📍 What Is a Trailing Stop? A trailing stop is a modification of a typical stop order that can be set at a defined percentage or dollar amount away from a security's current market price. For a long position, an investor places a trailing stop loss below the current market price. For a short position, an investor places the trailing stop above the current market price. A trailing stop is designed to protect gains by enabling a trade to remain open and continue to profit as long as the price is moving in the investor’s favor. The order closes the trade if the price changes direction by a specified percentage or dollar amount. 📍Important Takeaways 🔹 A trailing stop is an order type designed to lock in profits or limit losses as a trade moves favorably. 🔹 Trailing stops only move if the price moves favorably. Once it moves to lock in a profit or reduce a loss, it does not move back in the other direction. 🔹 A trailing stop is a stop order and has the additional option of being a limit order or a market order. 🔹 One of the most important considerations for a trailing stop order is whether it will be a percentage or fixed-dollar amount and by how much it will trail the price. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
5
5 Altcoins Analysis in 1 Video 📹 OKXIDEASDear TradingView community and fellow traders, I am Richard, also known as theSignalyst and here is my fourth OKX contest submission => OKXIDEAS Today I will be going over 5 Altcoins Analysis => OKB, ARB, OP, APT, and NEAR. Let me know which altcoins would you like me to cover next. Hope you find this video useful. It's important to always adhere to your trading plan, including entry points, risk management strategies, and trade management techniques. All Strategies Are Good; If Managed Properly! ~Richard Disclaimer: The information provided is for educational and informational purposes only and should not be considered as financial advice. It is important to do your own research and make informed decisions before entering any trades. Past performance is not indicative of future results. Always be aware of the potential for losses, and never risk more than you can afford to lose.
by TheSignalyst
35
Bitcoin Daily Chart View | OKXIDEASHello traders, Bitcoin is setting up for a both sided, if you interested in sell then you just need to wait for price to break the 50 simple moving average and also the 26940 level with the candle body not wick and if you interested in buy and you have your own reasons to buy bitcoin you just need confirmation then simply look for price to breakout the white wedge and also 30020 level after that you can buy bitcoin according to your own trading system or strategy. I am currently just waiting for price to break from any side, until that time there is no trade opportunity on bitcoin it is just ranging around 26000 to 30000 levels. Bitcoin day traders are well know that they can trade bitcoin on short-term time frame in ranging market. This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis. I wish you good luck in trading.
by TheLoserMan
The Breakout Trading Strategy of Trendlines | OKXIDEAS Hello traders, In this post i am just showing you a very simple and easy trading strategy especially for beginners, in this strategy i am just using two basic things trendlines and 50 simple moving average which is you can also see in the charts above. What you will be doing in this strategy just simply go to the 1hr timeframe see the clear trend draw the trendline wait for the breakout when breakout happen now wait for price to retest or just place a buy limit or sell limit order. I hope you like the strategy this is the trendlines breakout trading strategy. The one good thing about this strategy is the risk to reward ratio because in this strategy you will have potential to have around 1/3 risk to reward ratio so this means if you placed 10 trades and you lose 7 trades out of 10 and you just won 3 trades out of 10, you will be still profitable so meanwhile you just need to have a 30% wining ratio to be profitable in a long run. I just advise you that try the strategy open the chart and back-test your chart and trade it on demo live market condition at least for one month and see the results ask the question to yourself can you be profitable? if the answer is yes so probably you know that what to do next but if the answer is no then look it your one month data that you have, make sure to journal your one month data record and try to analyze what mistakes you do what wining ratio you have can you have a little deference to between 30% see your taken trades you will be seeing some bad trades and you don't wanted to trade next time avoid those trades in the next month and just repeat the process be patient one day you will be consistently profitable but if not then don't lose the hope and just try again again and again learn from your mistakes come back and don't do that mistakes again, remember every strategy is good if you practice and managed it. Just find the strategy that you suit and start the process. I hope you liked the post, i wish you good luck and good trading.
Education
by TheLoserMan
1
Bitcoin Analyze (Short Term,1-hour Time Frame,05/02/2023)!!!Bitcoin managed to form a Shooting Star Candlestick Pattern near the 🔴 resistance zone($ 29,030-$ 28,880) 🔴. Also, considering that Bitcoin's 5-wave downtrend has ended in the 🟢 support zone($ 27,820-$ 27,660) 🟢, today's rise in the price of Bitcoin is a correction(Also, a pullback to the support zone is broken), and I expect Bitcoin to return to the support zone after breaking the support line. Bitcoin Analyze ( OKX:BTCUSDT ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
16
Trader ⚔️VS⚔️ Analyst !!!(Differences)Hi, everyone👋. Do you like surfing or guiding surfers? In this article, I will talk about how analysis differs from trading. A good analyst is not necessarily a good trader📉. Do you know what the point is❗️❓ The point is that analysts talk about all aspects, so they always tell the truth and explain what really happens on the market, but the traders ride the waves. Financial markets include high and low waves, so if a trader makes a mistake in measuring its depth, speed, and height may drown in the sea. If you are a trader, don’t be proud of yourself because the financial market sea is very cruel or a beast. —------------------------------------------------------------------------------------------------------------------ There are four trading keys in financial markets: Trading Strategy Capital Management Market Psychology Trader Psychology These keys are like four legs of a chair🪑 which should be sat on carefully and calmly. Although by removing one of the legs, it’s possible to sit on the chair, safety has to be considered. I’ll explain all the trading keys in the market in other posts later, but for now, let me dig into the differences between Analysis📈 and Trading💰 . What is considered in the analysis are the price targets in both rising🟢 and falling🔴 markets, the probability of its occurrence and non-occurrence, and the necessary conditions for both. Considering the subtlety of an analyst's words and the mentality of the people studying - who are mainly looking for confirmation of their position - generally, the analyst will always be right unless he has declared only one direction decisively, which is not an analysis, but a signal and prediction. Declaring an upward↗️ or downward↘️ trend in only one direction is not an analysis but a prediction. It’s noted that any prediction can be wrong. But in the comprehensive analysis of both sides, the necessary conditions for their occurrence and their probability are stated, so whatever happens, the analyst is right, and you will hear the famous saying "as predicted." 🔷 A successful trader can take the following steps: Comprehensive analysis of the market situation in which he wants to trade: The technical analysis must be prepared before opening a trade position. A wrong analysis does not always lead to a wrong trade, and vice versa, a correct analysis does not lead to a correct trade because you have to see whether the position trigger is activated or not. Find useful trading strategies to achieve profitable trading: A trading strategy can be a system that includes a combination of different indicators and oscillators, which can finally indicate the entry and exit points as well as profit and stop loss while trading. This system makes you behave like a robot; after understanding and analyzing the market, you’ll wait for the entry and exit points to appear. Trusting this trading strategy is one of the critical keys to successful trading. All the points mentioned so far are related to the technical analysis aspects; otherwise, in the Fundamental field, a daily checklist of various factors affecting the market is needed, which is vital for Fundamental analysis. Find your own timeframe: Chart analysis and trading can be viewed from the 1-second time frame(short-term) to several years(long-term), but every trader should have his own time frame based on his trading strategy. The time frame is important because: The trading strategy should help traders find the entry and exit signals in the same time frame. The Stop Loss(SL) should be determined based on entry points in the same time frame. The time required to reach profitability is estimated based on the same time frame. You can't analyze on a daily time frame and expect to get a very good profit immediately after entering the position. After determining the time frame and with the help of the trading strategy, the following tasks should be done. Studying market analysis to identify market trends, the state of market movement waves, and daily, weekly, and monthly support and resistance zones. Determining the Entry Points(EP) based on the strategy Determining the Stop Loss(SL) based on the strategy Determining the Take Profits(TP) based on the strategy All the above must be done before entering the market, and the only thing done after entering the market is the last step—changing the exit point based on the variable stop loss to increase profit. —------------------------------------------------------------------------------------------------------------------ 🔷 Conclusion: According to the explanations given, it can be understood that analysis and trading have a significant differences. It should be noted that every wrong analysis published on social networks does not indicate that the analyst does not trade well and vice versa. So, to profit from the financial markets, you must be trained in the first step. Become an analyst and then trade. For this, you have to go step by step, don't be greedy, don't rush, so that you can stay in the financial markets and earn profit every day until you get a continuous profit one day.
Education
by pejman_zwin
20
Bitcoin weekly price analysis. OKXIDEAS #OKXIDEASHello everyone👋 Here is the #Bitcoin Analyze ( OKX:BTCUSDT), on weekly time frame. To analyze #Bitcoin chart, I used Fibonacci, RSI and Bollinger Bands indicators and identified resistance and support zones on the chart. As we can see it is BTC/USDT weekly chart. Bitcoin is moving in a heavy resistance zone: HKEX:31 ,200- HKEX:26 ,800 If we look at RSI indicator we can see that RSI middle band is over 50 and it can help to Bitcoin to reach it's upper resistance, it is HKEX:32 ,400, if Bitcoin price can break HKEX:32 ,400 with high volume, and make weekly candle close above it, Bitcoin's next resistances are $35200 - $36800 - $39200 - $42500 and this movement will be good for altcoins, we can see rally for altcoins. If Bitcoin price lose HKEX:26 ,800 support zone and make wekly candle close below $26800, then Bitcoin price can go to this support zones: HKEX:25 ,200 - HKEX:22 ,222. This prices will be good support zones for Bitcoin. Hope you find this post useful. It's important to always get best position for your trading plan and make risk management strategies. Don't forget to use stop-loss for your positions. Please press the like button & Share it with your friends. Thanks you all readers and Trade safe. DYOR.
by xnlr666
9
Buy the dip in May and Chart a thriving Trade #okxideas ⚘Wishes for a lovely May my fellow traders. May 1st known as a 'Red day', the day of worker's rights and Bitcoin as a good worker needed to take a little break as well so we start the month today, ok? Lately i have been writing a title for every month: Had called March a madness and it was Then for last month the title was 'April's COOL 🌷🌞(31k or more) '' and that came out true as well with BTC going to 31k and taking a break. So what's in play for May? Bullish as long as the support at 26800 stands! This chart here: My previous analysis for 31k in April and 44k this summer is still ON: The FUD is still on, the same way it was on Big time with SEC president and the Feds co-ordination attacks here: Mr Gary Gensler whom I 'attacked' and pointed the finger at first is now being attacked and pointed at from the US Senate. Americans will not miss this train. Europeans have made a move to 'legalize it and not criticize it' and it sounds like good news to me! Stats show that May is a good month, listen to this video for all details or here is a table for you. Don't forget about History lessons: when Banks go Bust (bigger banks eat smaller banks for breakfast atm) BTC tends to rise: 📜 HISTORY LESSONS: When Banks Go Bust ..... News: Bitcoin Set New Record of Daily Transactions the Same Day the U.S. Government Quietly Engineered a Bank Buyout Feds and their hikes should ease... not me saying, check the CME Rate Hike Tool and listen to the video for explanations Finally, I asked GPT4 ''what's a good flower to symbolise May'' and it says : ''A good flower to symbolize May is the Lily of the Valley. This delicate, fragrant bloom is often associated with the month of May, as it typically flowers during this time in many parts of the world. The Lily of the Valley symbolizes purity, humility, and the return of happiness, making it a fitting emblem for the month when spring is in full swing and nature comes to life.'' I googled Lilly of the Valley and it looks like a Huge Green Candlestick... Looks like I will be Long this May (as long as that 26800$ level stands!). One Love, The FXPROFESSOR ⚘😉 PS. don't forget to smell the flowers along the way and sing this: 🎶Legalize it Don't criticize it Legalize it, yeah yeah And I will advertise it Europeans buy it Asians buy it too Senators also buy it Powell and Gensler too 🎶
Long
by FX_Professor
36
Bitcoin Analyze (Short Term,15-minute Time Frame,05/01/2023)Bitcoin lost its support zone with a long-bodied red candlestick (currently acting as a🔴 resistance zone($ 29,030-$ 28,880) 🔴. The corrective zigzag structure(ABC/5-3-5) is expected to play the role of a pullback to the lost support zone, and then Bitcoin will fall again to the next 🟢 support zone($ 28,800-$ 27,800 )🟢. 💡The sign of the end of wave B can be the Hammer Candlestick Pattern, Fibonacci levels, etc.💡 Bitcoin Analyze ( OKX:BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
16
📊 Cumulative Volume Delta (CVD)📍 CVD describes the number of contracts bought at the offer minus those sold at the bid. It simply measures the "aggressiveness" of buyers versus sellers. If the sellers are aggressive, they place limit orders instead of market selling and vice versa. CVD is the easiest method to use delta in your trading. 🔹UPTREND EXHAUSTION Price is making new highs but CVD isn't. This shows a lack of interest coming from aggressive buyers who would be needed to continue the price increase. We can expect a short term reversal to the downside. 🔷UPTREND ABSORPTION CVD is making new highs but price isn't. This shows that there is a lot of activity from aggressive buyers trying to push the price higher but their market buy orders are getting absorbed by limit sell orders. 🔷DOWNTREND EXHAUSTION Price is making new lows but CVD isn't. This shows a lack of interest coming from aggressive sellers who would be needed to continue the price decrease. We can expect a short term reversal to the upside. 🔷DOWNTREND ABSORPTION CVD is making new lows but price isn't. This shows that there is a lot of activity from aggressive sellers trying to push the price lower but their market sell orders are getting absorbed by limit buy orders. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
6
Wyckoff Cycle - Practical Example 📚Dear TradingView community and fellow traders, I am Richard, also known as theSignalyst. I find the BTC weekly chart to be intriguing as it appears to be following the famous Wyckoff Cycle. I would like to apply Richard Wyckoff's four market stages/phases to this chart for analysis as a practical example. 1️⃣ Distribution BTC appears to have rejected the 68,000 level and is now in a distribution phase 2️⃣ MarkDown After breaking below 56,500 back in November 2021, BTC entered the MarkDown phase and began making lower highs and lower lows. 📉 The bearish impulse movements were initially large and steep. However, starting in July 2022, the bears seem to have exhausted themselves, resulting in a flat and small impulse movement. According to Charles Dow, this signals an early alert for a potential shift in momentum, which brings us to the Accumulation phase as per Richard Wyckoff. 3️⃣ Accumulation BTC is currently trading within a big range between 15,500 and 25,000 in the shape of an inverse head and shoulders as it forms a minor lower low followed by a higher low. 4️⃣ MarkUp BTC broke above the previous major high marked in gray, indicating that the bulls may finally be strong enough to take over for the first time since late 2021, thus entering the MarkUp phase. 🏹 BTC is now approaching a key resistance/supply zone. For the bulls to remain in control from a long-term perspective, we need a weekly candle close above 32,000. Alternatively, the bears may still form one last HL before BTC breaks above 32,000. I hope you find this post useful, and I would appreciate your likes and support. Which scenario do you think is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard
by TheSignalyst
132
Bitcoin Analyze (Short Term,15-minute Time Frame,04/23/2023)🌊According to Elliott's wave theory, The end of wave 4 ended in the 🟡 Price Reversal Zone(PRZ) 🟡, and one of the signs of the end of the wave was the breaking of the resistance line upwards, and wave 5 can continue until the end of the 🔴resistance zone($ 27,900-$ 27,700)🔴. After the confirmation of the end of wave 5, Bitcoin is expected to fall to the 🎯target🎯 I have specified in the chart or the 🟢support zone($ 27,260-$ 27,120)🟢. In addition, We can also see the Regular Divergence(RD-) between the end of wave 3 and wave 5 in the RSI indicator and the probability that one of the valid RSI ⬇️SELL⬇️ signals, namely Bearish Failure Swing , will be seen in the next hour is very high.👇 Bitcoin Analyze ( OKX:BTCUSDT ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
46
The Story of a Failed Trader | OKXIDEASOnce upon a time there was a man who was a very poor and he belong to a middle class family but he had the ability to dream it. He was 20 years old and he also think that he spend all of had 20 years doing nothing, he was a dreamer. He wanted to become a rich man, he finding ways to become a rich man, he tried almost every thing but failed. One day he watched a video about trading on YouTube and he decided to become a trader, become a rich with trading and fulfill all of had dreams. He started to learn trading, he watched all of educational videos about trading on YouTube and spend had 15 hours every day just watching videos, now he knows about the basic trading he shifted to the analysis part of trading, he started to practice and learn the technical analysis. He find the method that he can trade with, he combined some technical indicator signals and created strategy for himself. Now he had very passionate about trading, wanted to open a real account and start trading with real account. He had some saving money around 500 dollar he deposited that money in the real account and start trading with that money. He started dreaming from the first day of trading and created some trading rules for himself like he had to take 10% risk per trade and don't take that trade which is below 1/1 risk to reward ratio. On the first day he had taken almost 3 trades and win all of them, now he was more excited for trading he had made $192 profit means something around 38% profit on 500 dollar account. He wanted to trade more but he was a little bit smarter one, he think that i am in profit and my wining ratio is 100% so why i just damage my wining ratio and why i just risk my today profit so he had decided to come back tomorrow. On the second day he had $692 total balance in the account, he had to play a little bit more smarter than a previous day and he decided to take 10% risk per trade of the current total balance $692 in the account rather than the starting balance which is $500. On the second day he take almost 4 trades and he won 2 trades out of 4 trades, now the account condition had almost break-even no loss & no profit, he decided to try again and trade more, he finding the reason to trade more and then he calculate today and yesterday total taken trades which is 7 trades, he think that i won 5 trades out of 7 trades so my wining ratio is almost around 70% which is good and i can trade more because my wining ratio is still above 50% so i am still in positive side. He trade almost 3 trades again and he lose all of them, now he had very sad and almost broken, he decided to step back and come back later. He sturdy himself and come back on the third day, now he had facing a little bit draw-down on the third day the total account balance is around 484 dollar, he started looking for the trades opportunity and at the end of the day he took almost 5 trades with the 10% risk per trade but the third day results had also again bad and he lose 4 trades out of 5 and just win 1 trade, he had very shameful from himself, he closed the laptop goes to outdoor and talk to himself. He analysis the current situation of the account, it that point the total account balance is around 276 dollar he almost around 45% in draw-down and the wining ratio had below 50% so now he entered to the negative side. On the fourth day morning he traded 2 trades and he lose both of them now he almost lose the hope and the account condition had around 72% in draw-down and he left only 138 dollar in the account. At the time he give up and he just decided to depend on just one trade, he just waiting for the best opportunity of the day and finally he got the trade but at the end he lose that trade again and he almost blow out had account. After that all he had stressful and sad from almost one week, he decided to leave the trading and move on to the next thing and he looking to find other things that suitable for him because he think that trading is not suitable for him. One month later he just scrolling on the internet and he see the FAQ that 90% of traders lose and only 10% had succeed, now he had a little bit shock and he think that its pretty normal every trader in the 90% had facing that stage which stage that i faced. He decided to come back to trading and start from the zero, he started to modify had strategy and created new rules for had strategy like he set this time risk to reward ratio for had trades is minimum 1/2 and he decided to risk only 2% of the total account also he decided to take only 2 trades per day, this time he opened the demo account rather than the real account and start trading with demo account, he decided to journal had journey and after one month of consistency he hadn't break any rules and when he see the results after month he had profitable, now he feel like stronger and he continue the journey with that same demo account after three months he had similar results and still profitable. In that time he think that i don't have much money and in trading it's required a lot of money to earn a lot of profits, he started to search for that how he had to prove himself to big investors and raise money for himself to trade. One day he searching and he knows about prop firms trading now he had interested in that and wanted to know more about prop firms, he think that this is the big opportunity for himself to become succeed quickly, now he decided to trade with prop firms and buy the challenge from the prop firms, he adjusted had strategy rules and trading plan according to the prop firms requirement, now but the only problem is that he don't have money to actually buy the prop firms challenge. By the way he was dropout from the school after completing had secondary education and so he just setting at the home, he don't have much money to buy the challenge, the pocket money of him had just depend on him father and he hadn't want to say to father to give me extra money because of him father was very poor and he work as a taxi driver, so then he had decided to get the any kind of job for himself and try to earn some money in the form of salary and buy the challenge with that money, he worked hard and after one month he got the salary and then he just swift to the prop firm website and buy the $50000 account challenge for himself, now he started trading with challenge account phase one, on the phase one he decided to risk only 1% per trade, take only 2 trades a day and the every trade risk to reward ratio had to minimum 1/2 after one month of consistency he gained +8% profit, he was in profit but he hadn't achieved the prop firm required profit target which is +10% in that case prop firm gives traders free retake so then he take the challenge again with the new account and new month from zero and he think that my wining ratio for the previous month is almost around 40% with minimum 1/2 risk to reward ratio and my daily limit is 2 trades so i need to increase my daily limit from 2 to 3 because if i traded with the same rule 2 trades a day then i hadn't pass with 40% wining ratio. He calculate some numbers like he think, if i take 3 trades per day so then at the end of the month my all trades had to be 60 trades per month and if i maintain my 40% wining ratio then i can easily pass the challenge with that mindset he started the challenge and strictly follow the rules after month he hadn't maintain the 40% wining ratio and he end up with some loss and failed the challenge, this time he almost faced big depression after some days left he realized had mistake and he think i made mistake that i increase my daily trades limit because of this my wining accuracy goes down, i just forced myself to take 3 trades per day and get trapped into the normal trades. At that time he hadn't left any pathway he almost try everything but at the end he faced failure, him father had now getting older and he decided to step back again he start going to the normal job and start saving 30% of had salary, he do that job for almost one year and after one year later he had some saved money in the bank account to buy multiple 10x challenges, he come back to the trading but this time he hadn't leave the job and he do trading like part time thing. He started had journey again he decided to hadn't give up and repeat the process so then he started buying challenges after one by one in some challenges he failed in phase one in some he failed in phase two in some he almost pass the challenge and got the live funded account but hadn't get payout and lose the account in the first month. The journey had started goes on and he just repeating the process and doing try again and again. Will be continued..... Some lessons from the story > Never open real account in the start, try to learn first on demo account. > Don't try to be smart in the front of the market. > Don't lose hope in draw-downs just repeat the process of your trading plan. > Take every trade with the hope of wining. > Never depend on a single trade. > Don't leave too fast stay in the market. > Give yourself enough time to create the solid proven strategy that works at least for you. > Respect your trading limits. > Don't depend on just trading and never leave your job, consider trading like part-time thing in the starting. > Learn from your mistakes and improve your performance. > Make mistakes but don't repeat that mistakes again. > Never depend on small capital always look for an opportunity. > Journal your journey, record your trading performance and improve next time. > Don't fear from failure. > Be patient, market is here not going anywhere. > Don't force yourself to take normal trades wait for good opportunity always. > Don't count the numbers, you need to count the percentage. > Don't try to be rich quickly. > Step back, if you damaged from market then simply step back and come back stronger don't try to fight. If you learned any other lessons from the story, let me know in the comments. What you feel about one day he will be succeed or just the failure always, also let me know in the comments. I hope you enjoyed the story, appreciate my work with like comments and share. I wish you good luck in trading.
Education
by TheLoserMan
1
📈 4 Ways To Use The Moving Average📍 What Is a Moving Average (MA)? In finance, a moving average (MA) is a stock indicator commonly used in technical analysis. The reason for calculating the moving average of a stock is to help smooth out the price data by creating a constantly updated average price. By calculating the moving average, the impacts of random, short-term fluctuations on the price of a stock over a specified time frame are mitigated. Simple moving averages (SMAs) use a simple arithmetic average of prices over some timespan, while exponential moving averages (EMAs) place greater weight on more recent prices than older ones over the time period. Common moving average lengths are 10, 20, 50, 100, and 200. These lengths can be applied to any chart time frame (one minute, daily, weekly, etc.), depending on the trader's time horizon. The time frame or length you choose for a moving average, also called the "look back period," can play a big role in how effective it is. An MA with a short time frame will react much quicker to price changes than an MA with a long look-back period. In the figure below, the 20-day moving average more closely tracks the actual price than the 100-day moving average does. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
6
XRP - Practical Price Action Example - OKXIDEASDear TradingView community and fellow traders, I am Richard, also known as theSignalyst and here is my third OKX contest submission => OKXIDEAS I find the weekly chart for XRP to be interesting as it appears to be following the basic principles of price action and market structure. 1️⃣ First, let's examine the support and resistance levels. I've added red and blue arrows to the chart to make it easier to highlight the swings I considered while drawing these zones. When drawing support and resistance levels, I look for at least three rejections (swing lows or highs), and as you can see, all of the support and resistance zones connect to three major swings. 2️⃣ Second, let's delve deeper into the market structure. Previously, XRP was bearish, making lower lows and lower highs while trading inside the bearish red channel. However, after finding support around 0.3, the bears began to show weakness as they failed to create new lower lows, and instead became stuck in a range. For the bulls to take over, we need a weekly candle close above 0.6. This would break XRP above the resistance in green and the gray range in which it has been trading for almost a year. Meanwhile, we will be trading the range from a short-term perspective. This means that when XRP approaches the lower bound around 0.3, we will be looking for short-term buy setups, targeting the 0.5-0.6 resistance zone. 📚 Hope you find this post useful. It's important to always adhere to your trading plan, including entry points, risk management strategies, and trade management techniques. All Strategies Are Good; If Managed Properly! ~Richard Disclaimer: The information provided is for educational and informational purposes only and should not be considered as financial advice. It is important to do your own research and make informed decisions before entering any trades. Past performance is not indicative of future results. Always be aware of the potential for losses, and never risk more than you can afford to lose.
by TheSignalyst
58
📈 9 Ways To Identify an Uptrend📍 What Is an Uptrend? An uptrend describes the price movement of a financial asset when the overall direction is upward. In an uptrend, each successive peak and trough is higher than the ones found earlier in the trend. The uptrend is therefore composed of higher swing lows and higher swing highs. As long as the price is making these higher swing lows and higher swing highs, the uptrend is considered intact. Some market participants only choose to trade during uptrends. These "long" trend traders utilize various strategies to take advantage of the tendency for the price to make higher highs and higher lows. 💥Important thinks to note 🔹Uptrends are characterized by higher peaks and troughs over time and imply bullish sentiment among investors. 🔹A change in trend is fueled by a change in the supply of stocks investors want to buy compared with the supply of available shares in the market. 🔹Uptrends are often coincidental with positive changes in the factors that surround the security, whether macroeconomic or specifically associated with a company's business model. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
2
✳️ Ethereum vs Bitcoin & Elliot Wave Theory | #OKXIdeasHere we have a chart for ETHBTC with a perfect Elliot Wave sequence... Let's dive into it! - First, we have a 5-Up Wave pattern, it starts 11-Apr. and peaks 18-Apr. - Second, we have a perfect Zig-zag or ABC correction. (Notice that this correction ends right at the 0.618 Fib. retracement level with a Doji, EW is big on Fib. proportions. This is also supported by increasing volume and a bottomed out RSI). We have the perfect 5-Up and then the ABC... What follows, is a new impulse based on EW. This setup is invalidated on a close below the 26-Apr. low. This is not financial advice. Thank you for reading and for your continued support. 
Namaste.
Long
by AlanSantana
10