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Process

Is Intel's New Process Node a Game-Changer?Intel's latest reveal, the Intel 3 process node, promises to revolutionize the tech landscape with substantial performance and efficiency gains. But could this be the strategic breakthrough Intel needs to outmaneuver its competition? Enhanced Performance and Density for Leading-Edge Computing Intel's commitment to process technology leadership leaps forward with the Intel 3 process node, boasting an impressive 18% performance improvement and a 10% density increase over the previous generation. Tailored to meet diverse customer needs, Intel 3 offers four distinct variants, each optimized for specific applications, from high-performance computing to AI. First Leading-Edge Foundry Node Drives Ecosystem Growth Intel 3 marks a pivotal shift in Intel's strategy, as its first leading-edge process technology is made available to external customers through Foundry services. This move positions Intel as a key player in the foundry market, potentially reshaping the competitive landscape. Manufacturing Readiness and High-Volume Production Achieving manufacturing readiness in late 2023, the Intel 3 node has successfully transitioned to high-volume production, powering the Intel Xeon 6 processor family. This real-world application demonstrates its capability in server-grade computing solutions, solidifying Intel's technological prowess. A Stepping Stone to the Future of Computing As the final evolution of Intel's FinFET technology, the Intel 3 node provides a robust foundation for future advancements, paving the way for the forthcoming RibbonFET technology and the Angstrom era with Intel 20A and 18A process nodes. Curious to know more about how Intel's latest innovation could impact the future of computing? Dive into the full analysis and uncover the potential ripple effects on the semiconductor industry.
NASDAQ:INTCLong
by signalmastermind
Control of EmotionsTrading in the cryptocurrency market often resembles a marathon where everyone aims to be the first. Unlike running, where there's only one winner, multiple traders can succeed in the crypto marathon. However, success in trading involves serious psychological work, which we'll discuss today. Everyone aspires to achieve their goals and be successful. Beginners in any field need to go through a learning curve, gradually honing their skills. The crypto market is not about luck; it requires constant self-improvement, learning from mistakes, and analyzing actions. The psychology of crypto trading involves a set of rules, methods, and actions to ensure successful trading, profit-making, and minimizing unavoidable failures. A professional trader approaches trading with a focus on results and a realistic assessment of risky situations. Financial success, in the form of net profit, is the ultimate goal. Let's explore the basic psychological tools used by professionals for successful trading: Always at Hand The whole world of cryptocurrencies is in your pocket. Don't Think About Defeat When starting a trade, don't focus on potential losses. Such thoughts set you up for failure from the outset. Be confident and avoid dwelling on the fear of making mistakes. While mistakes will happen, treat them as valuable lessons and continue improving your trading skills. Visualize Although not a scientific method, psychologists emphasize the importance of visualization. By visualizing success, you can block out fears of making mistakes and focus on achieving your goals effectively. Visualize yourself executing your strategy professionally and accurately, then act accordingly. Be a Recluse Cryptocurrency trading is a solitary activity. Ignore other people's opinions and avoid external interference. Your forecast accuracy will improve when you analyze market situations independently, without relying on others' advice. Self-Realization Comes First While trading in the crypto market is finance-related, view it as a creative process that should bring you satisfaction. Be confident in yourself and your success, and see trading as a means of self-fulfillment. This mindset will help you navigate the chaotic and unpredictable market as a tool for success. Think About the Risks Never risk funds you aren't prepared to lose. Consider potential losses when creating your strategy. Stick to your loss limits, even if the temptation for larger trades is high. Sometimes, multiple small trades can be more profitable than one big trade. Discipline Avoid reacting to sudden emotions or news. Trade according to your pre-developed plan without deviation. In trading, discipline is synonymous with success. This is particularly crucial for novice traders, as the volatile market often puts psychological pressure on them. Control of Emotions Monitor your emotional state and avoid trading when influenced by certain news or events. Emotional trading leads to losses. If you notice impulsive decision-making, take a break to calm down. Vacation Everyone needs breaks. If emotions and feelings drive you, take a break and avoid thinking about trading, assets, or cryptocurrencies. Engage in activities you enjoy and spend time with loved ones to recharge. Statistics Keep detailed statistics. This advice is valuable for both beginners and experienced traders. Record the number of transactions per day, profit and loss balance, positions, and other indicators. Analyze this information weekly. Statistics are a great way to create an effective strategy. By incorporating these psychological tools, traders can navigate the cryptocurrency market more effectively, enhancing their chances of success and minimizing losses. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
BITSTAMP:BTCUSDEducation
by Crypto4light
Why Traders Should Learn From Cristiano RonaldoCristiano Ronaldo is a soccer legend. He has won the Ballon d'Or five times, which is an award for the best player in the world. He's scored more than 700 career goals, and he's won league titles in England, Spain, and Italy. Not to mention, he's also won the Champions League, Europe's top club competition, five times. Ronaldo is known for his incredible work ethic, athleticism, and his drive to win. He's one of the greatest soccer players ever. Traders can learn greatly from Cristiano Ronaldo. How? Let's go back to his past. When Ronaldo was getting ready to make a big jump in his career to join Manchester United, he had to make a huge choice. Top teams like Barcelona and Inter Milan also wanted him. But Manchester United's coach, Sir Alex Ferguson, promised him something special: he'd get to play in lots of games, at least 50% of total matches in the season. An offer which he agreed to take. Even when Ronaldo was still young he wasn't oriented about getting rich or famous fast. Ronaldo picked Ferguson's team because he wanted to get better at soccer by having more opportunities to play. He believed in process. This decision helped him become the star we all know now. This is a good story to think about for anyone starting to trade. Trading isn't just about making fast cash. It's about learning how the market works and making smart choices. Think like Ronaldo did: focus on practicing and getting better, not on the money you could make today or tomorrow. Now, let's go to another field. Let's look at example from a doctor who is about to perform surgery. The doctor was faced with a critical decision: A 55-year-old man with a serious heart condition needs surgery to continue working and living without pain. The operation has clear benefits, potentially extending the patient's life from age 65 to 70. However, there's an 8% risk associated with the surgery, meaning that there's a chance the patient may not survive the operation itself. The doctor, knowing these odds, decides to go ahead with the surgery, and thankfully, it's a success. This situation parallels the decisions traders make. They analyze market conditions, evaluate potential risks and rewards, and make their best judgment call on whether to buy or sell an asset. Much like the doctor who bases their decision on medical knowledge and the patient's condition, a trader relies on economic data, company performance, and market trends. But even with the best analysis, the outcome is not guaranteed. The doctor's decision should not be judged solely on the outcome—the patient's survival—because it was made with the best information available at the time. Similarly, in trading, a decision should not be judged only by the profit or loss that results. A trade made on sound analysis can still lose money if the market goes the other way, just as a profitable trade could result from an ill-informed decision that happens to get lucky. It’s like running past a dynamite factory with a lit torch. If you make it past and nothing blows up, it might seem like a good decision because you’re okay. But was it smart to run with that torch in the first place? Not really. That's what traders have to watch out for: not tricking themselves into thinking a risky bet was smart just because they didn't lose money this time. For new traders, the best thing to do is make a trading plan and stick to it. Write down why you're making each trade. Later, you can look back and learn from what you did right or wrong. It’s not about quick wins; it’s about getting better over time. Another example is if you're learning to cook. You don’t expect to be a great chef right away. You start with simple recipes and get better with practice. And if a dish doesn’t turn out perfect, it doesn’t mean you're a bad cook. It's part of learning. In trading, remember the idea of outcome bias. This is when you think a decision was good just because things ended up okay. This can really mess with your head, making you overconfident or too scared to make your next move. So, traders should be like athletes or chefs, caring more about how they do their work than just the win or the perfect meal. Believe in the process because in the long run, it's how much you learn and get better that really matters.
SP:SPXEducation
by WayanEko
Is this a new type of divergence? (widths of top looking structures seen in chart, but are they? could they be hiding their true identity and transgendering into bottoms right before your very eyes? Using an MRI Scan on the RSI, we can see it actually might be a WEAKER TOP, why does it look so small in the RSI? I think this might be a new type of divergence I discovered. The red marker indicates what looks like a "top" in the chart, but actually looks possibly more like a bottom-looking-structure, in the RSI. You can back test this yourself, look for dumps in the past, and compare, I can bet the Bottoms in the RSI will appear to be getting more narrow, and the tops becoming much wider and more pronounced before a dump. Just IMO & as always, HAPPY TRADING! :)
by UnknownUnicorn3237473
Focusing on winning trades is your setback as a beginnerEvery individual begins their trading journey with the idea that trading is all about winning trades and making money. Soon after their dreams are shattered when they realise it was not as easy as they had thought it would be. Now as we all know, the road to success to many is long and difficult, and that’s exactly what makes them successful. So why should the road to success in trading be any different? Look at top performing athletes, they trained for years before reaching any kind of success that definitely did not occur overnight. This bring me to my main point where many traders could be failing due to focusing on winning trades rather than the process it takes to become a good trader. Every trader beginning their journey needs to understand that trading the financial markets is no different than a top performing athlete. In order to achieve success, one needs to develop their skills over years. Instead of focusing on winning every single trade, one should be focusing on the process and the experience they are gaining over this time. Studying your mistakes, your losses, your psychological weaknesses, your analysis, and your understanding of the charts, are far more important at this stage than focusing on winning trades. Look at your trading journey like a student attending university, a student will learn over years different topics, where some will seem worthless at the time, but will however develop their skills in the necessary fields to succeed in the future. Every beginner should deeply focus on the process. Winning trades are a by-product of a developed successful strategy which also requires a developed individual. The trader needs to be developed in their psychology above all in order to trust their strategy and apply it correctly without deviating from the plan. Take the time to focus on all aspects of your trading, and let the winning trades come as a result of that in the future. Trading is a marathon, not a sprint, always remember that.
COINBASE:BTCUSDEducation
by opes_trading_group
2
Potential TLT Inflection and Notes onProcessWhat started as a short post describing a potential, but dangerous, weekly inflection in the TLT chart has evolved into a much longer discussion around process and how I organize and view the basic information. As I wrote, I realized how difficult it is to describe process, particularly the more nuanced aspects. 40 years spent staring at literally millions of charts and focusing on rates and credit have internalized much of what I do. But I hope this at least provides you with a place to begin. I have ordered the steps, but the order isn't particularly important. And finally, there isn't a right or wrong process. What process is and what it accomplishes is different for everyone. What is important is that you have a process, particularly surrounding your risk and trade management, and that you implement it consistently. Note also that there are different processes for different trend states. A market with bearish momentum that appears to have plenty of life remaining in its trend requires a different approach than one making a potential inflection. Finally, most markets only provide two to three good tradable inflections a year. TLT is showing many of the characteristics I monitor for in these inflections. I like simple things. I prefer to find confluences of support and resistance and then to monitor for price volume behaviors around those confluences. This is how I go about it. Background: Momentum and price trends in daily, weekly and monthly perspectives are clearly lower and the price volume relationships in the trend of higher degree (monthly) strongly suggest that rallies will prove counter trend. The three momentum trends pertinent to the analysis are covered in the “triple screen” section below. Identify and organize the major chart elements: Buying Climax and Failed Test: March 2020 produced a clear buying climax. The spike high, subsequent close near the low of the price spread and below the close of the prior weekly bar with volume at nearly 4X the average was unambiguous. Note that over the two week period the market roundtripped nearly 41 points or 23%. At the very least, this kind of volatility can be expected to exhaust the market. The market then spent 21 weeks moving laterally. Two attempts to rally with no sign of expanding volume strongly suggested a lack of demand. In my view, the break below TR1 strongly suggested that the test of the buying climax had been completed. Identify Horizontal Support and Resistance: The market is framed by major support at 111.90 (Nov 2018 low) and major resistance 179.70 (March 2020 Covid high). What were significant supports at 133.19 and 155.12 are now strong resistance. Price did violate the major support @ 111.90 but not to a meaningful degree and it certainly didn't post a weekly or monthly close below. PENDING A SUCCESSFUL TEST, I am tenatively viewing this as a weekly hold. It also demonstrates the danger of selling breakouts, particularly when the market has been trending for an extended period or the preceding move has been violent. Again, to be trusted, the recent low @ 108.12 needs to be tested. In lieu of a test, unequivocally bullish behaviors would need to develop. To this point, that has not happened. Identify Dynamic Elements: There are three dynamic elements in play. Price is pressing against the bottom of the large declining trend channel drawn across the 175.25 -155.12 highs with a parallel drawn from the 133.19 low. The supply or overbought line of the channel currently intersects price in the 148.00 area, but is constantly declining. You can think of the bottom of the channel as the oversold/demand line for price. It intersects in the 116.61 zone. There is also a broken uptrend (LT1) that had defined the trend for the last decade. The clear break of the TL in April moved the long term trend from up to neutral. The broken uptrend should now act as resistance. It currently intersects price in the 121 1/2 area. Of lesser interest is the steep downtrend drawn across the 155.12 and 142.33 highs. A break above would add confirmation of a short term trend change. Characterize Volume: Are the price/volume relationships bullish or bearish? Volume has been steadily rising/heavy on the B-C leg. This is consistent with a supply driven market. This increase in volume is particularly evident on the monthly chart. See the detailed volume breakdown below for a more in detailed look at the daily perspective chart. Categorize the Momentum State: Weekly perspective oscillators like MACD (shown) and moving average and volatility envelopes (not shown) are deeply oversold. I use deeply oversold/overbought conditions to help identify charts and time frames that should be monitored for bullish or bearish price behaviors and chart setups. I also use oscillators as a trend filter. But I rarely use them to generate actual buy or sell signals. Last weeks close nudged the weekly MACD oscillator onto an oversold buy signal. But, to be trusted the crossover MUST be coupled with bullish price behaviors. Evaluate the most important Fibonacci objectives and retracements: Fibonacci objectives generated from the 179 .70 - 133.19 - 155.12 sequence: Equality at 108.34, 1.38 @ 90.51 and 1.618 @ 79.49. The market found support at equality. Fibonacci Resistance generated from the X - C & B - C declines: I prefer to look for clusters. The most likely resistance cluster falls in the 132-135 zone. When it comes to Fib levels, I like to keep it simple. I hate to see charts with dozens of Fibs scattered about. In my opinion, it devalues the more important levels. Examine the price/volume relationships in the trend of lower degree: Volume Detail: The footprint of a subtle shift from supply driven to demand is evident. Two bars in particular, May 5 and June 13 (circled) drew my attention. It would have been easy to dismiss these two as supply, but on my charts I labeled them as demand. Both bars are large gap down days, but note that they closed well off the lows, in the upper portion of the periods range and on much higher than normal volume. Note also that volume pulled back on the decline from the May 27th high (rectangle). This reduction in volume represented a significant lessening in supply. In other words, selling was far less urgent than the selling that had characterized the earlier portions of the decline. Over the last few sessions signs of supply have developed but volume on the pullback has been modest compared to price spread. Examine the perspectives of higher and lower degree: Triple Screen: The chart of higher degree will help determine how aggressive trade positioning and risk management should be. The chart of lower degree is used for trade placement, tactical entries and stops. Monthly: Trend of higher degree is clearly bearish and not oversold. Rallies in the weekly perspective will likely be corrective/countertrend as opposed to the start of a new long term trend. A large head and shoulder top is visible in this perspective that projects as low as 88.00. Volume (not shown) has been extremely heavy, confirming the trend, but perhaps being a bit on the exhaustive side. Against this backdrop rallies will have a tendency to fail early and surprises will tend to be bearish in nature. This suggests that positioning in shorter perspectives should be conservative and stops should be raised aggressively behind trades. Trade management should be generally conservative. Daily and other: If the weekly chart supports positioning, move to daily and hourly perspectives to build trading and risk management plans. Other Considerations: Are there any seasonal tendencies in play? Bond prices have very strong seasonal tendencies, weak into the May - June time frame, stronger into the middle of September, and weak into the end of the year. TLT has entered a time of the year when bonds often transition from weakness to strength. Are the related markets supportive? Industrially sensitive markets like copper and crude appear to have made significant inflections as the market’s attention shifts from inflation to recession. The same can be said for TIPS breakeven rates. On balance, the related markets are supportive. Do the charts of other U.S. maturities and yield curves support the idea? 2s and 5s are testing strong yield resistance levels and momentum is threating to reverse, particularly in fives. Remember that the two year is very sensitive to the Fed, fives are a combination of market forces and Fed and Long rates (TLT is longer duration) are generally more responsive to the economy and inflation. Is positioning or sentiment offsides? In rates, Commitment of Traders, options open interest, open interest data from futures, TIC data and fund flows are all fair game. When trading was my job, I monitored all of the above. Now, in retirement, not so much. Breadth, % of stocks above or below moving averages and VIX fall into this category. Evaluate economic relationships that impact bonds: For example, are the slopes of the ISM and surprise indices consistent with the trade? With the ISM slope clearly negative, bonds are more likely to be bid. What are credit spreads doing? The widening in high yield and investment grade credit spreads is also supportive. Do I have the sense that there are systemic issues building that might impact the trade? Systemic issues are typically bullish for bonds. While I see less potential for dislocation in this cycle, rate increases of this magnitude usually wreck someone. Finally, I take a sanity check, am I falling prey to behavioral bias? Am I being dispassionate? Reach a Conclusion and Design a Trade: While monthly trends are unequivocally bearish, the market is testing a major support confluence generated by the combination of horizontal support, oversold channel and fibonocci levels. Weekly momentum oscillators are oversold and there are tentative signs of demand developing in the price volume relationships. Recent inflections lower in industrial commodities, TIPS breakevens, and energy are supportive and suggest a growing recession narrative. Bonds are entering a seasonally strong period of the year. While trends are clearly negative, the balance of the evidence suggests that conditions are conducive for a weekly perspective inflection/correction to develop. I will begin monitoring market behaviors in the daily and hourly perspective charts for opportunities to enter. It is likely that a rally into the third quarter will set up a very high percentage selling opportunity. Design the trade: For liability reasons the CMT Association precludes me from making direct recommendations. So, this is where I leave you hanging. My goal was to show you how I do the analytic steps leading up to designing a trade. But a few general thoughts: Trade entry should be timed using the charts of lower perspective (daily and hourly). Remember, the recent low has yet to be tested, and the market is far away from a logical stop loss placement. Since a long trade will be counter trend, strict attention to risk control and entry tactics will be required. Surprises are inevitably in the direction of the trend… plan accordingly. The Fibonocci retracements and overhead resistance zones outlined above can be used to ascertain if a trade has a reasonable reward for the risk taken. Look for confluences of horizontal, dynamic and Fibonoci resistances to build objectives. Which brings me to my final points in regard to process. I believe that simplicity leads to robustness. I consistently follow the same basic building blocks/process for all my trades, no matter the context or the market. Most importantly, most of the considerations described above are just details. Support, resistance, trend and the price volume relationships get you almost all the way there. I’m not going to pass a trade with a good risk reward because the seasonal is wrong or the trend higher degree isn’t supportive. Analysis paralysis is real. Decide what the most important elements are in your process of focus most of your attention there. And finally, most of the topics and techniques covered above are part of the CMT Associations Chartered Market Technician’s curriculum. Good Trading: Stewart Taylor, CMT Chartered Market Technician Shared content and posted charts are intended to be used for informational and educational purposes only. The CMT Association does not offer, and this information shall not be understood or construed as, financial advice or investment recommendations. The information provided is not a substitute for advice from an investment professional. The CMT Association does not accept liability for any financial loss or damage our audience may incur.
Editors' picks
NASDAQ:TLT
by CMT_Association
38
TRUST THE PROCESSTrust the process. Even if you have to write all over your charts to get it right!! Market structure is key, take the time to learn it and apply it. I caught all this between Friday and last night after having a good cry about how bad I wanted to get this right. --------------------------------------- Missed last drop because price hit 1H liquidity zone and dropped. I was to tired to keep trading and missed that it was hitting this zone. Was already asleep when this zone was hit.
Short
by cecedidit
2
Four trading fears you will have to overcome 😱The stats for retail traders are not pretty. It's no secret around 80% of all retails traders lose money. The reason most fail is the four fears not being overcome. Fear of being wrong! We are emotional creatures and lets be honest none of us like being wrong. This trait shows in some more than others but there is no place in trading for this trait. It's impossible to 100% right all the time it's not even possible being 90% or 80% right all the time. Once the reality sets in your not going to be right all the time we then as traders have fear of being wrong when seeking our trades or strategies. Fear of losing money We all suffer this fear at some point. What we need to understand is all accounts suffer periods of drawdown. I firmly believe the 80% of all retail traders stat is so high due to people losing money and quitting. The reason money is lost is due to poor strategy or no strategy. Once in a whole the fear of losing more will push people away from trading. Fear of missing out It's probably the fear of missing out that led you here in the first place. You see all the lambo's on social media and the life style and fear of missing out is already in play. Then comes seeing what everyone else has profit wise. Then comes paying attention to everyone else and full blown FOMO instead of sticking to your own game. Fear of leaving money on the table. No better feeling than seeing your trades run in profit. The screen is lit up blue and your loving it. But now comes the fear of letting them trades play out. Your leaving money on the table and it's now a fear you'll lose that money. It's one of the biggest mistakes a trader makes! Cutting winning trades to soon and letting losers run for to long. So how to overcome these fears? There's many elements to overcoming the four fears . There's so may and then even sub elements of those. Hence why this idea had the two brainstorm bubbles on the chart of what fears haunt us as traders. Followed by the bubble of all the thoughts you need to take in to consideration as a trader. It's imperative as traders we build a robust tested plan. Sticking to your own plan and lane is crucial. Just avoid others that blur your plan. Losses are a part of trading quicker you accept this as a cost of business quicker that fear of losing money disappears. There is many more on the chart drawing but quicker these behaviours are followed as a trader the quicker the four fears will disappear. Here's to a good rest of the week🥂 Thanks for looking at my Idea Darren 👍
Education
by pow_removetheguesswork
7
5 Fundamental aspects of day trading successHere's a quick video on a few vital skills every trader needs to acquire before he/she can actually achieve success in day trading. This is 100% from our experience, we've worked hard to achieve success in day trading so these tips come from our direct experience. Hope they help you guys: HARD WORK: hard work in trading doesn't come from actual trading, hard work in trading comes down to the preparation aspect. PATIENCE: Patience enables an excellent entry point, which allows a trader to enter a bigger position and increase the profitability factor. DISCIPLINE: Discipline is following the process day in day out without altering it because of a few red trades. Discipline is executing the process every day and on every trade. REPLAYING TRADES: Reviewing your biggest loses and your biggest winners is literally the quickest way to become a primed trader.
CBOT_MINI:YM1!Education
by PrimedGroup
MY MORNING TRADING ROUTINE - Steps I take before I tradeComplete Routine: 06:30: Wake up – My Morning Routine Starts I just get right up and start my day. Don’t hit the snooze button! 06:40: What’s My Daily Report Card Goal? Each day my trading journal includes a specific goal that particular trading session, concrete actions that I’ll take to achieve that goal, and self-evaluation at the end of trading to gauge my success in reaching that goal. The idea is to never trade without consciously working on some aspect of my trading. 06:50: Risk Control Process I define the risk for the day : Position sizing guidelines Per-trade loss limits Per-trade price targets Daily loss limits 07:00: Frame The Context I do a quick scan of my markets, and I frame the context by doing my analysis and establishing potential directional biases. This doesn’t take me a long time since I build upon yesterday’s analysis. 07:20: Define Market Conditions Here I start by asking myself two questions: Should I or shouldn’t I trade? If I do trade, whether to do so cautiously or aggressively? And then, I go through some variables to understand the market environment 07:30: Identify/Look For Setups Now I understand what I want to improve on, my risk profile, market context, and how the market moves (the environment; fast, slow, etc.?) I have specific setups and plays that I love to trade; I wait patiently for these setups to develop. Usually, they develop during London Open, but if there’s a setup at this very moment, I take it and immediately go into my breathing and meditation. 07:50: Deep Breathing + Meditation (Mental rehearsals) This is where I get my mindset right. Breathing and meditation help me be and sustain a state of calmness and staying focused. 08:40: Cold Shower Cold showers are amazing; they fill me with energy and the concentration to stay fully immersed in the present moment while I trade the markets. 09:00: Trade The London Open I’m fully ready and confident to start my trading day. I’m focused, calm, and immersed in front of the screen. Why We Need Routines: As traders having routines in our life that encompasses all our desired best practices and habits is key to sustain consistent performance day in and day out in the markets. Trading is hard, and having to maneuver the world of trading without any routines or systems in place, is really doing yourself a disservice. Routines make your life easier. They reduce stress because you don’t have to think about what to do; your brain and body already know what to do because of the patterns you’ve set in place! This is quite amazing and really powerful; therefore, seek to build a routine to facilitate your trading performance.
TVC:USOILEducation
by INotFancy
2
GBPJPY back to 134.000?Hey to everyone! Hope everybody is doing well. After a good short on GBPUSD which we made today, I got another setup on GJ. The Pound weakness is still continue so on 4H timeframe we got a double top formation and new impulse to the downside was already formed! I am gonna patiently waiting for some pullback ( according to MA50 or another double top formation) Perfect scenario for me is a double top formation, it will be a new LH formation as well. So let's see how this will play out!
Short
by Infinity_Limits_Trade
Here are a few tips every one should knowHere's a couple of tips from me that might help in your trading. Those are just my opinions and all are belong to me. Practice think practice think review old ones repeat repeat repeat. It takes a whole lot of thinking and a whole lot of practicing to be good. Give your brain practice all the time like a muscle, and just repeat over and over. Look at examples, past trades, re-read what to do and what not to, re-read all your rules over and over, not until you know them, until forever or they'll just fade away. The more you hammer it in the better you get. Be logical DO NOT FOMO AND INSIST (or enjoy lose lose lose and then miss the final move that is a winner). Mistakes are really expensive. Best to miss out and not force and go look at something else, possibly analyse that one you missed and understand why you missed it, and how to fix, maybe by simplifying the way you detect those. Spend a whole lot of time analysing markets... Try really hard to really think every trade through... do not waste time on "meh" setups. Missing out is not that big of a deal imagine you get 10 of those a month, that's 120/year, now imagine you miss out 2/month you still get to 96/year and you had more time to spend on the 96. And you can still learn something from what you missed out on. Better than losing sanity from looking at charts hunting for setups all the time (and ending up forcing trades and bleeding capital). Price action is not physics. A "weak uptrend" is really what they call a long bull market that ran over countless bears that are all underwater in much pain, and often it ends up with bears giving up and a massive green candle up. And same, a "strong uptrend" is what they call price action with no bears. They did not vanish into another dimension, they just are not present in the market right now. But they are around. Which means they could be just around the corner and all jump in at the same time and reverse the price. In general I think the best is to not go against a "weak" trend ever. What is weak and what is strong enough? That's for you to find out. If you want to go against a pullback it is generally better to enter on vertical price action. People when they see violent price action get scared and remove their orders. The opposite is the right thing to do. Slow price => remove order. Violent price => GOOD, bring it on. Of course you will get run over from time to time. This is your job as a speculator. Speaking of weak trends, do not just use a price stop, but also a time stop: Price just goes nowhere for a long while => Get out. There is no reason for risk ever to be over 2% , and those are reserved for top stuff. Usually around half a percent is good especially when starting, then it can be scaled as the acc grows and even increased progressively to 1% to get a decent sized account. If you really are very certain of your strategy and want to go fast and cannot contain yourself then it is perfectly fine ok I understand you can risk more than a small 2% that barely will make you any money who wants to be spending hundreds of hours to make $50 :) Go for it. Make sure you can not lose more than all of your money, such as with using options or stocks that can only go to zero. At that point the strategy does not even matter. Also make sure you use alot of money, that you spent years to save up. And then keep taking trades until you lose everything. You really have to make sure it is very painful and you go into despair and lose all hope. Trust me when I say with 99% certainty you will really learn your lesson and won't require to learn it again. You will then not ever want to "go quick" again. 99% efficiency guarenteed. You won't have these stupid urges to risk big. If your spouse leaves you it is even better. Leaves a scar that won't heal as a permanent reminder. And consider yourself lucky that you only lost everything.
Education
by MrRenev
1
2 BTC to 20 BTC Trading Challenge - Day 1 (2 BTC)“Maybe this is a game that can be beat.” -Knish in the movie Rounders I learned how to trade by watching others make decisions in real time. The countless hours of studying theory / different indicators only went so far. As soon as I was ready to implement a strategy I felt like a deer in the headlights. What helped me more than anything else was watching established traders wrestle with the intricacies that I found so confusing - in real time . Being a Monday morning quarterback is a cakewalk by comparison. It’s always been very easy for me to look at a chart in hindsight and point to what should have been done and why. However, being able to do that in real time is where the boys become men. Being able to do that in real time while having money on the line is where men become pros. In this vein I have always done my best to be as thorough with my thought processes as possible while analysing the Bitcoin chart on a daily basis. I have also done my best to be fully transparent with my positions and decision making. Now I have decided to take it to the next level by starting the 2 BTC to 20 BTC Trading Challenge! I intend to return 1,000% through trading on margin over the next six months (or less). The reason that I believe that is realistic is because I have done it before and I have done it exclusively trading crypto in the 2018 bear market (March to August). My motivation for making this challenge public is rather straightforward: First of all I know that I would not have ever become a profitable trader without getting the luxury of watching others trade in real time. Furthermore, I know that many got completely rekt throughout this bear market and some may be feeling very discouraged at this point. This challenge is intended to be proof-of-work, not only of my abilities but of Tyler Jenks’ Consensio and of technical analysis as a whole. If I can implement an objective strategy and return 1,000% in less than 6 months then you can do it too! I share my entire trading strategy and process (completely for free) so there really is nothing stopping you other than yourself. The strategy and process are very objective and therefore very repeatable. Very little discretion is required once one understands Consensio (will take much longer than you expect). In my experience one of the main factors that holds back new traders is swinging for the fences with every trade. Trying to find that one position that is going to lead to life changing money. That is a loser mentality and it is impossible to consistently win with that thought process. Focus on batting average, do not focus on hitting home runs. If you are able to patiently grind it out on your leather ass, à la Knish in Rounders, then this might be a game you can beat! If you are like myself then you are probably thinking something along the lines of: “this sounds way too good to be true.” If that is your conclusion then you are mostly right. I do not intend to share this information free of charge after the challenge is complete. I intend for this to be a jumping off point for a private group and / or website. I am giving this all away to gain a following. Once I do then I will be moving my operation elsewhere and looking for opportunities to capitalize. So if you are reading this and the challenge is not finished then you are in luck! Take full advantage of this opportunity and commit to learning how to consistently beat every market whether it be bull, bear, flat, parabolic crypto, stocks, commodities or forex! Starting today I have a 2 BTC bankroll and I am not in any positions. I will make a daily post, or as close to it as I possibly can, to share the results of every single trade in real time. The Bitcoin Daily Update will remain and the Trading Challenge will be little more than a ledger of my positions and results.
BITSTAMP:BTCUSD
by Sawcruhteez
9