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Patience

We must be patient and let this trade come to us!Hello all, As you may know, I've been eyeing a trade in the ETHBTC pair for quite some time now. This said, I feel no urgency to jump in this trade. I am calm. I am patient. It is important that you develop a strategy and stick by it religiously. I am very excited to jump into this trade when it is ready, but I must wait. The markets are the means by which money is transferred from the impatient to the patient. It will be at least a week until I jump into this trade, likely two or more, but the day will come. The one thing I wanted to talk to you all about today in terms of the actual market and not the chart is an article published by Bitmex Research that found that most of the ICOs have sold the majority of their coins. This is very good. ICOs raised hundreds of millions of dollars and therefore sold hundreds of millions of dollars to hold on to profits. This has noticeably caused ETH to fall very hard against BTC despite them both being in the same bear market and highly correlated. If ETH can hold these levels and bounce, that would be very bullish for ETH. It is possible that we may be able to form concrete support about the $70 level. I mention the dollar figure because a drop from here to $70 is more substantial than BTC falling to $5,000 which are the next support levels. Be on the lookout for my work on this trade because this is a trade I am expecting to double my BTC trading account WITHOUT leverage. Good luck everyone, -YoungShkreli
by CantorTechnologies
7
CAD/CHF - Another Impulse up?So, we had an amazing bearish run on the CAD/CHF pair which lately is not that choppy and tradable. At this moment it's pretty clear to say that Daily time-frame looks promising for another Impulse to the upside on 60 tf IF price rejects the 50EMA. Be patient and don't jump in this trade without confirmation. It's just an insight about my analysis etc. Not gonna release my SL/TP for this trade if it triggers. Let's leave it for the next situation. Wishing you all the best and let's see what this pair gonna give us.
by HustleSeason
GJ short daily/h4/weeklyI have 2 possible price levels to short this market from, this pair has broken through the weekly uptrend and is making way to retest, the current h4 medium term resistance downtrend may suffice for scalps but not for swing as price may still make way with the bulls towards the white weekly trendline before is descends for a swing once again in the weeks if not months to come. The best setup is to wait for the weekly retest, but a scalp still presents now on h4, if and only if it closes with a bearish engulfing close , then theres a clear take for a minimum of 50pips+ scalp.
Short
by taurisking
WHALE TRACKS !! A CASE STUDY. ISP is an Italian bank that has really taken a beating this year. Under all metrics it is a really weak institution. What I wish to demonstrate today is how whales operate and hopefully how to take advantage of it. Before I continue I'd Like to state two Axioms I take with me anytime I chart 1) A body in motion stays in motion unless an external force acts on it 2) Don't trade or look for the bottom , always wait for it and act on the weaker price action Ray Dalio put a huge net short position on this bank , before the Italian fixed crisis and the Turkish mayhem that had a bleed over on the whole of the EU. It is the actions of institutions that guide us , not our hypotheses. With that said are you willing to go long , short or wait? What are the positions in the market , who are in control of the market . Where and how does that change. Those are the questions that I ask price , and I use its answer to give me a position. HAPPY WEEKEND.
MIL:ISPEducation
by mberoakoko
Not quite finished puking yet. CWH has been diving for a while now. Weekly RSI is nearing oversold. I definitely would not long this stock right now. Atleast not yet. It's still slightly overpriced. I would try to pick it up for between $15 and $17. By this point, RSI on the weekly will be extremely oversold, and we can look for a nice weekly reversal candle bouncing off this supporting trend line. Also, there is a strong sell sentiment which is scary too. Put your buys in low and wait for the fill! Stop loss should be placed below the trend line, according to your level of pain tolerance. Best wishes mi amigos. - Matt
NYSE:CWHLong
by porretta.matt
2
Patience, discipline and a bit of judgementOne of the big issues for many traders is simply patience. In this video I'm showing how one set up could have taken 63 days to deliver around 500 points. What's the rush? Let the charts work for you. Patience and discipline takes time to develop, of course. Do the time. Take the time. Let time work for you. Sometimes a bit of judgement is required. But whatever we do, minimising loss is the big issue. Taking an affordable chance (or loss) is sometimes necessary - as in this game there is no certainty. My own methods therefore do not rely on 'confirmations'. Importantly in this 6H chart, one need not check the trade more than once or twice per week.
Education
by Captain_Walker
AUDNZD - patience, vigilance and planning required.This video is not about an instant opportunity for jumping in the markets. I'm sharing how I stalk the markets. New or novice traders - all too eager to make a fast buck - tend to miss the big issues i.e. that it is about patience, vigilance and planning ahead. The methodology shown is relevant to trend following. How do we find trends? Well, we need to be tracking price action on all time frames and key levels of probabilistic reversal. It's been a long journey for me and many new traders out there. For too long I've been told by the experts that it is mainly about vigilance and planning. Pain delivered by the markets brings home the truth of that golden message. These days I say it's about 80 to 90% vigilance and planning, and 10 - 20% execution.
by Captain_Walker