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Psychology

Dow Jones (Wall Street) - crash is an irrelevant issue.I explain in the screencast why I think 'crash' is an irrelevant issue. It is impossible to know whether 'we're in a crash' because a crash can only be discovered well into into it or after it has happened. True trend-followers will appreciate that all one can do is find a suitable trend - and follow it. Simple but I didn't say it was easy. In fact I will assert that true trend followers really don't care whether there will be a crash or the next market melt up. What people (in general) want, is to be able to foretell the future. Sorry, they can't - and no guru has such powers. We might prepare for the future in various ways. This is not ordinary life. It's not everyday activities like trying to find the safest point in time to cross a road. The reality is that markets are wild random things - pure chaos of a different order - where the 'normal rules' we may apply in everyday life just fail miserably. As I've said in other posts, a whole new mindset is needed to manage this very different sort of chaos. With 76 to -90% of real trader accounts consistently losing money (hard data), the battle is not with the charts or the markets. The battle is with yourself and your psychology.
OANDA:US30USDEducation
by Captain_Walker
Blowing up accounts can be a good thingIn this screencast I show some of my positions which are mirrored on my live account. I say that blowing up Tradingview paper accounts is a good thing. The present account has not been blown up for about a year, which is much better than before. I used to blow up an paper account every 3 to 6 months before. It's a very safe space to gain experience, to fail repeatedly but learning from the 'punisher' (the markets). I show a couple key positions and how I thought about them. I assert that a bit of common sense is useful when you know the characteristics of the instrument you're exploiting. But learning how each instrument tends to 'behave' can only be discovered by spending time and interacting in the markets. So I don't trust Wall Street - at all! I'll tighten my stops more aggressively if I'm in a very favourable position. Same for Yen pairs and Gold. USDJPY is relatively tame compared to other forex pairs just from my experience on 4H time frames. I'm delighted to point the way for new traders. PM me questions if you wish but I don't give advice, sell signals or courses/services, or give hot tips. I believe in facilitating new traders to discover their own best methods which match their individual psychologies.
OANDA:US30USD
by Captain_Walker
Coinbase chart and two different attitudeI put two lines above the triangle: Red line: if red line is our big triangle line we didn't cross that line but there is a argument in which we have only to point of contacts and one of them is last tether pump and the other one is far away in the past. Blue one: this line has 5 point of contact and also it is more recently contacts. in this scenario we broke up this triangle. so what?! I think blue line is more significant but it may create this question in your mind that: "why we are confusing after breakout?" i think it's because of the fact that every trader put this line in different way and the pessimistic one's (obsessive traders!) always trying to put the lines in the way that they want. I mean you can move these line forever! this type of traders cant trade because they spend most of their time's to move the lines as price moves. please leave a comment what you think about this.
COINBASE:BTCUSD
by farzinsabbagh
2
Bitcoin Daily Update (day 226)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. My most recent Bitcoin Bubble Comparison led to the following predictions: 1 day - 14 days = < $5,750 | bottom prediction: $2,860 by 10/30 Previous analysis / position: “I no longer think that this selloff could be a fakeout. The reason being is how much time we have spent below $6,400 support.” / Short BTC:USD $6,330 | Stop loss was moved to slightly above breakeven on ETH:USD based on the 4h wicks, was triggered last night. Patterns: Descending triangle | Phase 2 hyperwave live Horizontal support and resistance: $6,250 BTCUSDSHORTS: Massive triangle starting to form. If daily candle closes above 39,750 then the target is 60,959. Funding Rates: Shorts pay longs 0.0263% 12 & 26 EMA’s (calculate % difference): 12: -2.30% | 26: -3.38% 50 & 128 MA’s: 50: -4.93% | 128: -6.36% Volume: Volume spike provides confirmation for my read that this isn’t a trap and also indicates that $6,500 - $6,600 should become very strong resistance FIB’s: 0.786: $6,259 | 0.618: $6,343 | 0.5: $6.402 Candlestick analysis: Re exploring wick from bullish spinning top, $6,327 will be the first line of resistance and I think it has a good chance of holding Ichimoku Cloud: D: Tenkan-sen at $6,469 will be apart of resistance cluster. Looks like it is starting to for C Clamp. 1h - 12h are bearish and the 1h has a thick cloud at $6,3227 - $6,436 TD’ Sequential: 1w: R1 | 1d: R4 | 12h: G3 | 4h: G4 | 1h: G5 Visible Range: Looking back 1 week: point of control = $6,272 and top of high volume node = $6,281 | Gap in volume up to $6,571 | Looking back 1 month the HVN’s pick up at $6,430 BTC’ Price Spreadsheet: 12h: +0.007% | 24h: +0.44% | 1w: -4.57% | 2w: -5.07% | 1m: -3.05% Bollinger Bands: Climbing back into daily band. MA at $6,515 will be apart of resistance cluster. Trendline: Bottom of symmetrical triangle at ~$6,550 will be apart of resistance cluster. Daily Trend: Chop Fractals: Down: $6,140 | Up: $6,701 RSI (30 setting): Weekly has fallen out of descending triangle and and is starting to turn over Stoch: Making bullish re cross on daily. 4h and 1h are overbought. Summary: Yesterday I outlined a possible short entry with a stop order at $6,239 and a stop loss at ~$6,330. If you took that position then the order should remain untriggered. If it were me I would leave it untouched since there is nothing that I have seen that would change my mind. I would also be fully prepared to sell $6,400 - $6,550. Whether that means limit orders on the books or price alerts is up to you. One of the hardest things about trading is waiting for your entry. Putting an order on the books and then waiting patiently for a fill induces anxiety, self-doubt and self-sabotage. That is one of the main reasons why I love trading! It exploits our most glaring weaknesses, exposes us for who we really are, and provides non-stop opportunity for personal growth. If you can learn how to establish a trading plan, prepare for an entry, place an order and then wait for > 24 hours for it to fill then you have more self control than the majority of gamblers and dopamine chasers. If that is something that you have trouble with then try it out. Start with a small position and then pay close attention to the thoughts, feelings and impulses that arise while waiting for a fill. IMO', one of the only things better than making money is learning and growing as a person/trader. Why do you love trading?
Short
by Sawcruhteez
4
TRON / DOLLOR - Hight Profitable Entries ! Hello again , Brothers and Sisters ! More Than a Gift For You Today ! This is a HIGHT Probability Profitable Long terme Investment Strategy ! In This Analysis you will found everything is clear with more details For you to undrestand how Thing are Made By Big Hands so you can change the way you see the market in a clear way! I will add Two Things - To Make Money, You have To Take Money - Big Hands Play on the Two Sides ENTRIES & INVESTMENT STRATEGY: Divide the CAPITAL to INVEST by 4 ; First Entry : You can Take advantge From current Price and Buy with 1/4 Seconde Entry : it's a Hight Profitabe Entry , is Buying @ the Last supp level with 1/4 Third Entry : a Hight profitable Entry Buying @ The breakout with 1/4 of The Range ( Target For DTOP HUNT THEIR AND Buying P3 TakeIn) Fourth Entry : The Last 1/4 Is in Case Big Hands Want More liquidity and Go to buy The SELL ORDERS ( exits) Bellow The Supp Lvl Good Target ==> So Two Senario, First is break the Range for The BUYING PRESSURE + STOPHUNT then May with Other Selling Pressure will come back to take The Selling Orders. Seconde Senario They will Take The SELLING ORDERS Before And Push For Buyin Pressure to Take More Liquidity From Breakout Traders @ the Supp Lvl and Boom get Traped; ==> In any Case Your Are a WINNER ! This Why : Look @ The Line in Chart @ The Price $ 0.000 !! When you look at this and you calculate the DownSide Versus the UpSide, it's pretty obvious. Let's calculate the DownSide First, where could the price Fall less than $0.0223 ? $0.0111 , $0.001 ,$ 0.0 ?! The Real DownSide in Reality is Very Small ! But What About The UpSide ? Well, your UpSide is actually Huge! ( it's infinite! ) SOME INDICATORS TO BOOST YOUR CONFIDANCE: Market Cap $1 463 838 053 USD => + $1.4 Billion Volume (24h) $174 029 230 USD => + $170 M Circulating Supply 65 748 111 645 TRX Total Supply 99 000 000 000 TRX ==> Look at The Numbers , Then Look at the difference Between The circulating and Total Supply ! + Put in your Mind That TRX consistently handles 2,000 transactions per second, 24x7. Which has surpassed Bitcoin and Ether . More details tron.network I Guess You Got It ! fqtalix@gmail.com Contact me For More Investment Strategies and Managment (Futures, currencies..) , How Take advantge From those Manipulations @ Lower Time Frame For DayTrader, Intraday Trading Concept for Scalping ( when you where wrong you could and with right) Thank You, Live Free.
BINANCE:TRXUSDLong
by fqtalix
RIPPLE / DOLLOR - Long terme investment Strategy !Hello Brothers and sisters again ! Here is my Seconde gift for you Today , an investment strategy to Take in Ripple for Long Terme First Take a deeper look at the analysis everything is clear about what happen mothns ago and what will happen days or months later I will add Two thing to boost your confidence : 1- Great Project those are hightlight features: USES CASES: Banks and Payment Providers XRP offers banks and payment providers a reliable, on-demand option to source liquidity for cross-border payments. BENEFITS: Fast Payments settle in 4 seconds. ( Faster than other top TOKENS) SCALABLE: XRP consistently handles 1,500 transactions per second, 24x7, and can scale to handle the same throughput as Visa.* DISTRIBUTED: Open-source technology, built on the principles of blockchain with a growing set of validators. STABLE: XRP's five-year track record of stable technology and governance makes it ready for institutional and enterprise use. 2- Market Cap + $ 18 Billion Circulating Supply 39 935 410 492 XRP Total Supply 99 991 826 231 XRP Max Supply 100 000 000 000 XRP So Tokens are Limitted => Demande will increase in the Future 3- Know that Risk is Subjective not Two Dimensional. Where could the price go in the Future ? When you look at this and you calculate the DownSide Versus the UpSide, it's pretty obvious. Let's calculate the DownSide First, where could the Ripple price Fall ? $0.4 , $0.3 , $0.1, $ 0 ??! The Real DownSide in Reality is Very Small. But What About The UpSide ? Well, your UpSide is actually Huge! THE INVESTMENT STRATEFY : It's Simple devide your X Cap By 3 or 4 and enter at different PRICE Level First : entry you can make it After the SELLING PRESSURE ( +Botom level) Seconde : after brakout level and if the QQE hit the confirmed oversold level JUST BUY, it's a Good entry Third : For more Selling pressure ( better Price) I guess you Got it !! Thank you live Free!
BINANCE:XRPUSDLong
by fqtalix
CARDANO / DOLLAR - Long terme investment opportunity !!Hello Brothers and Sisters ! This is my gift for you Today, a long terme investment opportunity that will make you feel confident and will give you a Positive Feeling To Take it, This is Why : Take a deep Look at the analysis that i made (the analysis already speak ), sure you will got it ;). Nothing To add just somme other simple indicators: 1- The IDEA, TEAM, PROJECT, TOKENOMICS and PARTERNS Are Strong and Excellent, you also can take a deeper look at their website www.cardano.org and you can see Their RoadMap ! 2- Market Cap + $ 2Billion Circulating Supply 25 927 070 538 ADA Total Supply 31 112 483 745 ADA Max Supply 45 000 000 000 ADA That's mean nor more coin will be created, look at the diffrence on the Circulating Total and Max, the project still on development phase ... What if the demande increase and the number of Tokens is limmited and are Holded ? This will increase for sure the price ! And to Realy got what i mean, Read deeply the Third piont ! 3- Know that Risk is Subjective not Two Dimensional. => Most people look at the Risk incorrectly ... What i mean by that, is let's say for expmle you bought ADA at $0.084 , Where could the price go in the Future ? When you look at this and you calculate the DownSide Versus the UpSide, it's pretty obvious. Let's calculate the DownSide First, where could the price Fall less than $0.084 ? 0.07 , 0.05 , 0.01, 0.000 ! The Real DownSide in Reality is Very Small. But What About The UpSide ? Well, your UpSide is actually Huge! ( infinite ) I'm sure you got it . Thank you. Live free.
BINANCE:ADAUSDLong
by fqtalix
Analyzing Bitcoin like a game of war Sept 22There is a lot of trader sentiment leaning in both directions strongly. There is a lot of noobs bullish, and a lot of pro traders saying a retest of lower fib levels. There is a wide range of players spanning from black to white on this. Some people are pro but roll with the noobs, other are noobs and roll with the pros. This is the hive mind that drives BTC price. Nobody knows who will win. Lets all be honest. We've already tried going both directions multiple times, which shows the market is undecided and confused. BOTH SIDES are valid, therefore. The only variable that changes is TIME. Time creates PATTERNS. Therefore, patterns and time decide which way the market goes, because they are the only thing that is changing. If there was news, this would change the price. If there was an approaching deadline like EOY, that would change the price, but that is along the lines of TIME. Which of these can tip the scales of the balance? Which of these can decide the outcome? Most likely patterns. Patterns are starting to emerge which almost guarantee a move to everyone who knows them, like an emerging triangle or flag. XRP probably plays a big role in deciding what happens, since it is the one that pulled the market up, although surprisingly. Another option is a fakeout. Again, this is an emerging pattern. It tries to retest the fib level, then reverses and cause a massive rally, converting all pros who were waiting or were too late. This tips the balance. A bear trap. Lastly, there is time. Time might convert one or both of the sides. Then, it becomes a question of who has the most resolve. Naturally, since it's overextended, and the bulls are more emotional, and the pros are doing the preaching, the bulls will give in first. The bull's argument is that the price is going up. If that isn't happening (sideways) people stop listening to them.The only way they win is if they use the emerged patterns to breakout and convert the other side, or if more people join their ranks, most likely from the news (but it's not mainstream, and not really huge news until >$1...). Beyond that, the only other option of winning is to use the fakeout, mentioned earlier. A bear trap.
KRAKEN:XRPUSD
by hydrix95
Elon Musk: Apparent pot-smoking, smokes TESLA's share price. Just to be 100% clear, I have not determined what Elon Musk was smoking on the Roe Jogan show. Media sources say it was pot. Video and audio evidence suggests that Musk knew or was led to believe that it was a cigar containing marijuana that about he was about to smoke. It is not clear if this was a prank. He smoked what he was offered. If it was a prank it was misguided. The point is that markets react to this sort of thing. It's about perception and human psychology - well 'beyond technical analysis'. There may be a limited opportunity to exploit any probability that the one-hour time frame gap could be be closed. Risky - I'm not in it on the one hourly time frame. Tesla's move south may have nothing to do with the 'incident'. Overall 'tech' stocks in the USA have been taking a beating. The FANGS have been taking a beating as international trade tensions hit home. I'm short on APPL - and at no-loss position.
NASDAQ:TSLAEducation
by Captain_Walker
Buy if breakout the triangleAs we can see volumes are lower and lower This mean there is no more liquidity coming from particular or from companies and not so much money by the financial institutions. We can observe a triangle, when it will breakout, that probably mean BTC is regaining interest on the most of people turning around crypto so a new leg up will keep attracting more and more people in it (particular or institutions/companies) and this can be the start of a new bullrun
BITFINEX:BTCUSDLong
by jeanneymar011001
2
HOW to indentify a TREND! MUST see for beginners! #EZ-learningHey tradomaniacs and becoming traders, I love sharing my knowledge and wanna help everyone who is interested and trading. :-) Check this "journal" and start to understand the market. Most of us know how a trend works. BUT NOT WHY! I hope this will help you out to understand and improves your abillity to indentify Trends. Peace and happy learning Irasor Trading2ez - Wanna see more? Don`t forget to follow me! - Any questions? Wanna more stuff PM me!
XETR:DAXEducation
by Trading2ez
3
Bitcoin and Ethereum - can you exploit FOMO? This is well beyond technical analysis - into the domain of human psychology. In this video I theorise on exploiting FOMO - which is psychological phenomenon - instead of just being a victim of it. I look briefly at Ehterium as well. An important thing for all markets is that the point of greatest fear is also the point of greatest opportunity. Please note that I am not predicting anything. I totally expect price to crash as well. All I can do is control my loss. Supplemental: Microtends and risk aversion Disclaimers and Declarations: No pecuniary or other advantages are derived or to be derived by sharing opinion/information presented here, even if originating from other parties. The representations herein are indicative, not predictive and do not imply any past, present or future performance of the individual making the representation. Under no circumstances does any graphical or other representation imply, encourage or recommend the buying or selling of securities, or the making of any kind of investment or trade. No guarantee of accuracy is provided for reported facts. No insight into practical aspects of trading or investment is provided. There are no cloaked, or implied meanings or expectations to be received. Gambling in financial markets is strongly discouraged. Trading or investing in securities, crytpocurrencies or tokens of any kind carries serious and/or catastrophic financial risks. Those who lack the knowledge, skill and experience in those markets should avoid taking those risks. Interpretations by others about what may appear to be implied by the presence or absence of some content, are dismissed in advance and do not nullify all or any part of this disclaimer. You are responsible for your own due diligence. Should you take financial risk by acting on this representation or any interpretation of it, you do so entirely at your own risk.
BITSTAMP:BTCUSDEducation
by Captain_Walker
To boldly go beyond technical analysis towards self-analysisHaving been on Tradingview for the last few years, I've observed that perhaps 'the most important' aspect of trading is hardly ever discussed. I'm not sure why that its. Look, this is a loser's game. How? Read on. Some key estimates: 1. 90% of traders will lose money consistently. . 2. 80% of trading success depends on managing individual psychology. 3. It is possible to be consistently profitable even with a 30% win rate. I say that there is an invisible wall that affects many new and seasoned traders. How would I know? I've been there - and head-butted the wall! The difficult aspects of trading: 1. Managing risk 2. Self-deception 3. Finding reasonable entry and exit points. 4. Being disciplined - staying disciplined. 5. Changing patterns of cognition 6. Changing patterns of behaviour. 7. Managing external influences. 8. Managing emotions. Core trading skills to develop: 1. Finding trends early enough. 2. Calculating acceptable losses. 3. Exploiting trends. 4. Understanding when not to enter a trade. How do new traders get conned? 1. They have ideas or beliefs that there is some magic formula or system of trading that will work to beat the markets. 2. They are influenced to join training programs, most of which deliver little or no strategies for coping with the difficulties. 3. They move from program to program spending on 'hope'; losing as they go. 4. They spend on signalling services. The difficulty is that many traders have a difficult time seeing their own psychology. Note - I'm not talking about psychology in general or the stuff you find in textbooks. So a trader could focus on all manner of trading methodology and still have a very big problem. Dig deep fellow traders. The markets are their to punish you but also the markets are sound teachers.
BITSTAMP:BTCUSDEducation
by Captain_Walker
Buying The EUR/USD Daily Double BottomIt appears that the vacant economic calendar and slow trading conditions are promoting a rotational EUR/USD. Until Friday’s U.S. CPI release, I expect this market to trade between the 38% Current Wave retracement (1.1612) and the June/July Double Bottom (1.1510). In the event the EUR/USD fails to sustain trade above the 1.1612 area, then we are in a position to test the Double Bottom just above the 1.1510 handle. For the remainder of the week, here is the trade: Entry: Buy 1.1512 Stop: 1.1474 Profit Target: 1.1549 Risk vs Reward Ratio: Very near 1/1
Long
by FXLeaders
EURJPY Short IdeaSelling EURJPY at 131.9 Stop loss 132.2 (just below the quarter level) Target 1 = 131.3 Target 2 = 130.9 Target 3 = 130.6 Anticipating "Midweek Reversal" Setup with the divergence/double top occurring as well as the psychological effect of getting a bearish engulfing candlestick pattern at the 132 level while we are in an obvious uptrend Trading with real money involves risk. I am not a licensed financial adviser, nor is this analysis investment advice. Hold yourself accountable
by ZacharyHogan
2
Bitcoin's Reversal: A Story of EmotionsClearly Bitcoin's bears are having a crisis of confidence. Throughout this possible Inverted Head & Shoulders, they've been through a range of extreme emotions that have likely decimated their accounts. Head & Shoulders are distribution patterns that represent the distribution of control from bears to bulls or from bulls to bears. This inverted one has left the bears in a very weak position, and now, as this possible right shoulder is forming, they're beginning to wonder whether to become bull. No one really knows why a Head & Shoulders pattern looks the way it does, but looking at it through the lens of emotion can give us some insight, teach us how not to trade, and how to feel after the pattern has concluded. Left Shoulder: Confidence Bitcoin's drop to what is now the left shoulder was surprisingly deep. The $6,850 support zone was already on my chart weeks before, and it was the bluest blue support at the time. Yet the bears managed to break it down, and even the next strong support close by. This gave the bears an extreme amount of confidence. Confidence, however, is a dangerous thing. The bulls managed to pullback straight back to $6,850, the support that the bears fought so hard to turn into a resistance, now the reddest red resistance on my chart, forming the left shoulder. Head: Euphoria For the bears to not only succeed in breaking down $6,850, but to take down yet another pullback, and then to create an entirely new low for this year at $5,750 is quite a feat. Their confidence was only magnified into euphoria by this success. But if there's nothing more dangerous than confidence, it's euphoria. This left the bears in a position of complacency. They were assuming $5,000, but their dreams were swiftly torn away as the bulls defended $5,750 twice, and yet again pulled us back to the $6,850 resistance, putting the bears in crisis mode. Right Shoulder: Hope/Fear Managing to defend the $6,850 resistance for the second time probably felt like of sigh of relief for the bears, and gave them the most dangerous and vulnerable emotion possible: hope. However, extreme emotions in one direction can easily become extreme emotions in the other direction. The bears only need to slightest disturbance from their hope to become fearful. And if it's any emotion that creates extreme price movements, it's fear. The Reversal: Capitulation Bitcoin is slowly curling back up, possibly forming the right shoulder. This is possibly indicative of control distributing toward the bulls. The bears could not bring the price lower than they hoped, and now their hope could slowly be turning into fear. The higher we go, the more fearful they could become. If we reach close to $6,850, this is clearly not just a small pullback, so we can invalidate our Ghost Shoulder and Bruce Willis scenario. This will be the bears at their most fearful, and begin to exit their positions en masse as their fear turns to capitulation. How Not to Trade Like the Herd The bears' struggles throughout this Inverse H&S have clearly shown that extreme emotions are dangerous. So I pose this question to the bulls: How will you feel if we reverse? Will that confidence turn to euphoria? Will any defense of a pullback turn to hope? Part of trading is managing your emotions. This stops you from becoming complacent and following the herd. It also allows you to hold your biases lightly, admit when you're wrong, and enter or exit a trade accordingly. Seeing the valuation of your account go up after entering a position is only half of an emotion. The emotion is only complete until after you exit that position, not before. Catching a reversal is the best trade you could make, don't squander it by over exaggerating incomplete emotions.
Long
by BTC-Pizzaiolo
11
Getting ready for another drop. With a new resistance.I know it SEEMS like this is the area we will bounce around, but i think on balance of probabilities we will Find ourselves hitting a new low shortly. So far with every initial pump to begin a larger pump we have not had a divergence on the momentum as we do now. As well as that, every time we did have a dead cat bounce we DID have a divergence before a new low was made. With this is mind, I say get ready for a new low, and another bounce. It isn't even oversold on the daily yet, and yet here we are.
Short
by UnknownUnicorn2073191
5
Three things Mark Douglas taught me (Pt3)Trading Strategy The trading strategy of any trader is one that should fit him or her. There really isn’t much to this section as a plethora of trading systems can be on the internet. What matters the most is that your system has a risk reward ratio of at least 1/4. If you desire a profitable trading strategy I highly suggest Michael Covel's and Rayner Teo's style of trading. They are great traders. Please check out my other article as well!
Education
by ElieTheForexTraitor
2