Get started

Riskmangement

TradeCityPro | Solana Ready to Rise or Follow BTC.D ?👋 Welcome to the TradeCityPro channel! Today, we’re diving into an analysis of the popular coin, Solana, reviewing past entry points, and scouting for new opportunities in the potential crypto bull run. 🟠 Bitcoin has hit a new high and maintained its dominance at 61.70%, effectively leading the market, Even if you missed opening long positions on BTC, there's good news—its dominance is on the rise, and the altcoin season might kick off soon! 🚀 Weekly Timeframe: Solana’s Stellar Performance Solana has been one of the market’s strongest performers, moving in sync with Bitcoin and outperforming many altcoins. Its market cap has even reached a new all-time high (ATH)! My personal entry point was at $27.67, followed by entries after breaking $47.88 and $124.59 on lower timeframes. If you’re in profit like me, consider: 1 - Withdrawing initial capital. 2 - Moving your holdings to DeFi platforms for added utility. New entries at this stage carry higher risk, as fewer confirmations are available. Wait for a break above $250.36 or even explore lower timeframes for better setups. We drew Fibonacci levels from $208.61, showing a correction around $124. Using Fibo extensions, potential targets are: $284 - $367 - $474 - $682 breakout above RSI 80.85, combined with increasing volume, could trigger these moves. 🌌 Daily Timeframe: Parabolic Growth Solana is forming a parabolic uptrend, with higher highs and higher lows. If the daily candle closes with strong volume, it could engulf previous candles, making it a great entry near $187 with a stop loss. After support at $162 was broken, two red candles were engulfed, confirming a fake breakout , Use this strategy on lower timeframes to enter positions aligned with the bullish trend. 🕒 4-Hour Timeframe Insights After breaking its daily range high at $185.34, Solana continued its rally, now at $244.57. stop-buy order was placed after breaking $221.75, supported by buyer momentum, and the position remains open , break above $246.29 will confirm our long position and momentum continuation. Avoid opening shorts under current conditions, Even in a 20% drop, I’ll focus on confirmations in lower timeframes to re-enter long positions. 💎 Solana/BTC Pair Insights Unlike most altcoins, which are at record lows against Bitcoin, Solana is holding steady. breakout above 0.0027030 BTC could spark a new rally, making it a prime candidate for entries. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
2
Hmmm seemed to be false this false that in Silver. HnS Fake. Silver and Gold had this divergence right through the NY session. I think the Silver-ghost was hunting stops. I know that Gold & Silver trading is not geared towards those who may want to place bigger orders, that is frowned upon. It's an interesting concept, when one considers the massive liquidity of Gold trading, but im afraid they are bigger penny pinchers than some of the currency market makers out there. Which reminds me, I had an order in for GBPUSD and I was stop hunted in the New York session. Anyway, I said I would be making a complaint to ASIC here in Australia. That grub disguised as a grey-ghost seemingly, stole nearly $100 from me. I warned him to leave my area and stop, but his money manager would've been trying to meet mid-month targets. Which is why I generally don't use Stops. Ever notice when your buy or sell an order at market or limit, the currency or gold ghost, whatever you are trading, the price action momentarily stops and then an investigation is launched to determine who you are and where your Stop is and they do the maths on how much money they can squeeze out of you. You see, thats one of the reason they don't like me, because I no longer offer them a Stop to hunt. Another reason would be is that quite often I am an aggressive trader, an alpha male if you will, I have never allowed these scum to walk all over me. I traded 5 lots approximately in seperate orders with The-King Nividia, on Tuesday and yesterday, the trade was a pleasure to be in and price was never momentarily slowed down despite my big orders, one was 2 lots at a time, I helped move its sp from a low position on screen Tuesday to chasing the highs just before the close. Yesterday Wednesday I bought in again near the highs following a pullback in price at the start of NY, and at one stage there was a break out, but the home-run could not be made until their earning release was published after the session (which I was unawares). Trading Nividia was wonderful. I will continue to milk the gold price but I wont be an active participant. I will continue the sly carry trade. Because that is what they are, sly dogs. Now for a lighthearted look at Silver. But true. You mark my words.
EIGHTCAP:XAGUSD
by Easy_Explosive_Trading
DOGEUSD looks overextended from big-rises. Sell or buy Dip If you follow the stochastic's at all, esp. on higher timeframes, if you don't well that is fine, but I will share my tip, you never want to see K line (generally blue) crossing down on the D line if you are in a Long position, but an even further bearish possible move is when the K-line crosses down on the 80 Stochastic's level. Now the fundamentals of the indicator are similar to the Relative Strength Index (RSI), anything above 80 and staying above 80 will become further overbought in a situation where there has been too much recent buying demand orders executed and as such sellers will usually move-in, but traditionally not until k Crosses-down on 80, getting to 75 will probably seal the deal short for sellers as this crossing of K needs to be a sustained crossing and needs to be moving down, this would occur much slower on a daily timeframe of course. Drop to lower timeframes and see what the oversold/overbought condition is for Stochastic's on lower TF's because the more confluence you have with the Daily the better. It does not necessarily have to be on the Daily, but bigger timeframes carry bigger profits, generally, depending on SL position and risk/reward. Often, the first TF to meet the setup will be a lower TF, but profits can be made on a Crossing of the Daily chart, it would mean the trade is probably safer in higher TF, by that I mean trade goes your way in your intended direction, in this instance Short. But here is the controversy of Stochastic X-ups (bullish above 20 level) & X-downs (bearish on a break of 80 lower), they are not very reliable when you are going against the trend. For example, the DOGEUSD crypto has had a massive run lately since bitcoin reached around 75k, despite being at a great price, I believe, its price is overextended and considerably above the 200ema daily, so it becomes a sort of mean reversion situation where sellers form an idea from Stochastic's RSI Price action etc, that it's price needs to cool a bit as its overbought and too much current demand has driven the price too high, but here is the thing, shorting- Doge when its in a bullish uptrend with price above EMA's especially 200 will not be easy. So this method works better when you are trying to move price (down or up) in the direction of the trend and the path of least resistance. One of the main reasons is because the RSI and Stochastic's give a mixed message when the trend is not your friend. This is because momentum is still to the upside long when above the 80 level on Stochastic's and RSI, momentum is still to the bearish downside when Stochastic's' is below the 20 level. This continued momentum can last a long time in these extended zones above 80 (bullish momentum) or below 20 (bearish momentum) but usually at some point a diminishing momentum occurs as the market forms an opinion that the instrument is overbought > 80 or oversold < 20. So, the Daily chart shows how price is tipping over, right now a lot of other TFs showing bearishness as well on Stochastic's. I hope this helps your understanding, a bit long but its a lengthy topic. By the way, I don't think I will be selling DOGEUSD despite the reasons above, BTCUSD chart does not share this quality of bears moving in, at least not last time I checked a few hours ago.
EIGHTCAP:DOGEUSDLong
by Easy_Explosive_Trading
1HR Fibs Gold pull-back to 61.8% Bounce-Up. Retail data soon I see that Gold pulled back to a Fibonacci sequence number 61.8% on the 1HR chart I was watching, there is probably similar on other time frames. I think the market is waiting for Retail Sales data, high number bullish for the dollar. But lets not forget the USD$ has had a good run the past 2 weeks, Gold has fallen in some ways due to the inverse history between the 2, but sometimes when the correction has been made where Gold has corrected, Gold may make a brake upwards despite USD strength and we also saw that yesterday beginning to happen. A lot of squeeze in the Gold price around 2570. I still favour a move upwards today. But wait for the data now and trade with the trend. Right after publishing this, Gold broke out. A bullish 5m cup pattern. 2569 to 2571 appears to be the buy zone , Golden-zone Fibonacci 31.2 to 50% level.
EIGHTCAP:XAUUSDLong
by Easy_Explosive_Trading
TRON TRXUSD is flying again over 5% today. Chasing all-time-high Tron is on the move again chasing its high, not far off it. What I like about TRXUSD is that it tends to buck the Bitcoin down days. In other words, if BTCUSD is moving down on a day, you can usually expect TRON to rally. So it is like a hedge and at 0.1875 and a strong chart. I see a little turning over of the daily BTCUSD chart at the moment, so it needs a strong day today, but the one to shine overall could be TRON.
EIGHTCAP:TRXUSDLong
by Easy_Explosive_Trading
9
The Chart you probably wanna see. Gold's turn. Logic. No bs. So about the chart, if you want to move straight to it. Far right is a Gold-colour vertical line & that is Monday's trading of earlier this week. Then several green vertical zones, Tuesday, Wednesday and Thursday of this week. 2 Red horizontal lines above and below is the Gold trading range for this week. If you are wondering how big the Gold correction has been. You will see the Pink vertical line all time high to the bottom of this weeks trading range is about 9.85%. Pretty big huh. I really needed to work this out for myself, what I mean is where I think Gold will turn Does this sound like you? You are sitting in some rather massive Crypto profits, positions you have accumulated for several weeks to a even a month(s). Maybe you now have a few USD$ unrealised profits from the last week. If the above is not you and I'm guessing you are in a majority, because the vast-main of traders would not have 'the stomach' for being big-margined in money lent by brokers and to be effectively in-risk of millions of dollars in Crypto purchases and other trading assets perhaps like Gold and Currency, well like I am, but my Margin is never more than x20 (max. in Australia legally allowed). Trading is a Long-game, life-long hopefully, when you love it the same way I do. One of the best things I ever heard about trading, and its totally contradictory to what you probably hear and read from the so-called gurus, is that trading is about accumulating small-wins day in and day-out, bigger wins are fine, but consistent small wins. Not this B.S. you get fed that you can have 6 or 7 stopped-out trades, so long as you get that 1 outa 6 or 1 outa 9 wins. How is that good for your mindset. You have been fed garbage. That 1 winning trade will probably need to be a home-run, oh a home-run, which means taking on a risky means AFTER all those Stop-out trades. Small consistent wins, accumulate into profits for you and it reinforces a positive mindset. I once belonged to a trader pay subscription Signals trading group and this man who I won't name charged around 500 bucks a year, gave on average 6 currency trades a week, that is fine, but the problem was his win rate was something like 1 outa 5 and the 1 winner was a 1:1 RR. How do you profit from him? That UK man does not have to consistently beat the markets does he, because foolish and gullible traders line his pockets up every year in subscriptions. A fool and his money are soon parted, but we live and we learn sometimes I think. Wow, that got a bit deep. All I wanted to share is where I see the Gold price turning. Well about another 1% down from this weeks lowest low, we commence a support zone and said support zone on the Daily chart is situated beautifully between the 50EMA and 200EMA and importantly for Gold's trend to remain bullish the 200EMA is situated beneath price. Now, that said, I think the gas needs to come off the USD$ a bit right now, I don't think they want to overcook a dyeing currency, so if the economic data in the USA today is not favourable to the dollar, then a huge bullish rubber-band trade is back for Gold to the long side should emerge of up to 4% I feel if it really favours gold. If that is the case then we disregard my chart here of Daily Gold. Have a good day trading and make sure you properly breakdown the economic data first, so you have a clear understanding of Gold market direction. Don't simply buy or sell at a whim with your market maker in gold because all of the tricks and stunts they pull, and there is no accountability, they will probably initially set a Trap-long or a Trap-short throwing you to the wolves and then turn the market in the correct course. Oh, but push in on the gold market maker and make say $36 out of them in a trade they don't like or approve and they will make you give every dime back plus some. Which is why Im increasingly moving away from Gold trading to currency, indice and stocks.
CAPITALCOM:GOLD
by Easy_Explosive_Trading
I think I got this...but I'm going against the dollar at low low Asia Thursday and very little rest for the wicked. My attempt at doing something for a change different to trading and getting a life, I ended up mowing the back lawn. Betting here against the USD, I could feel the squeeeze for a bit of love for the EURO. I like this combo, unlike Gold they don't start betting against you, if you get direction right they may not give it to you straight away, but then ya see your account an hour or 2 later and they liked your work. Well that's what I tell myself. Theres less volume this time of day. Last night or yesterday daytime NY, as am in Australia, after sqeezing a bit of profit out of those tight-ars*s over at the Gold & Silver show, I went across and took about 5 long positions with the Japanese Indices, they were down about 1.7%, I saw that the chart was good to go long, the rubber-band trade which is my go-to, it was a pleasure to trade with them, I guess I was one of the first to turn the trade around for them and they appreciated that, but it was all the other hands coming in Long after me. I might make a video for a bit of a laugh.
Long
by Easy_Explosive_Trading
Mark Douglas’ Guide to Trading Without EmotionDue to the critical role psychology plays in trading success, I’d like to share a summary of The Disciplined Trader by Mark Douglas. This book dives into the mental and emotional skills required for consistent and profitable trading, revealing the mindset needed to stay calm, disciplined, and focused in the markets. Here’s a brief overview of its key insights. 1. Importance of Trader Psychology Douglas believes that success in financial markets depends more on mindset than on complex strategies. Emotional control and mental discipline are key to avoiding losses. 2. Embracing Risk and Market Rules The book emphasizes risk acceptance. Traders must understand each trade is uncertain and only one possible outcome in a probability field. Douglas advises establishing clear rules and following them without exception. 3. Taking Full Responsibility Douglas insists that traders are fully responsible for their market outcomes. Avoiding blame and excuses, traders should own every decision they make. 4. Building a Success-Oriented Mindset Douglas explains how to create a mental framework that enables traders to make unbiased, emotion-free decisions based on market trends and signals, avoiding fear and greed. 5. Stress Management and Maintaining Calm The book highlights managing stress and staying calm under pressure. Douglas suggests using mindfulness and focus techniques to stay composed and make sound decisions.
Education
by habib75rajabi
2
It was a double-top system forcing price down. Bitcoin powers on It looked a bit gloomy yesterday Tuesday for Bitcoin, but really all that occurred was Bitcoin wound up in a couple of double tops, if you call that price weakness, I don't think so they happen so frequently and there are traders who only trade double-tops, double-bottoms - the tradable patterns they form are called M-Tops and W-Bottoms. BTCUSD is cruising as not a lot buying but it looks like buyers would move in once it crosses past the Top3 on the 15m. Here are some pictures: 30m chart below & VWAP bands.
EIGHTCAP:BTCUSDLong
by Easy_Explosive_Trading
Intraday the Aussie might lift but beating USD% D, W, TF? No On Friday AUDUSD looked to me a very strong case for long positions, at least going forwards a few days to a week. I took the trade Long, knowing the USD$ was strong, because that's what the charts were telling me on Friday, but today it's a difference story. The Aussie likely to get a small bounce now and further selling to then take hold later in Tuesday. But that has all changed with the Gold price selling off yesterday Monday, Gold selling and correcting in a bigger manner puts the US Dollar in a position of strength. Yesterday, I wrote how the US Dollar broke out with Bitcoin last week. But at some point, very soon I imagine, the USD$ will not be able to outperform and be in alignment with Bitcoin's continued outbreak upwards. But stranger things have happened, for now the USD$ is back and showing its strength against other currency's.
Short
by Easy_Explosive_Trading
Text book bullish W-Bottom on weekly. Huge gains here. USDDKK and a Weekly chart Double-bottom which has just passed through the neckline. Look for a retrace back to neckline. On USD strength at the moment, this is sure to climb during trading today and the next several weeks. Massive RR. Thx Chris. Stupid-bloody software. Ignore the chart above. I tried to delete and overwrite but this damn software that some of us spend so much time is simply bs. Here is a 5m chart showing the breakout and a retest back on the neckline which is the red-dotted line. It may conduct a retest again or look for a fib retracement or a good ol' market order at these low levels. Be aware that Double bottom breakouts even over and beyond neckline, often retrace in a big way back underneath the neckline to push traders patience and take stops. Then price breaks out again. I can't see the above happening because this is a weekly chart firstly, plus the USD is too strong in momentum currently. Your're welcome:)
Long
by Easy_Explosive_Trading
USDZAR moving up fast & breaking out with USD strength I mentioned in a publication today during the Asia session about how I see the continuation of the US-Dollar to continue to power and move through 106 soon like a knife through melting butter. This is a big reclaim its making on the Poland currency. I bought in recently as it crossed the 200EMA on the daily. The weekly chart price is powering up a double-top. It will break through this level, USD is gaining so much momentum and it looks to remain that way for the foreseeable future in my opinion. Gold under so much pressure despite still in a bull-run, lower prices to ensue this week for Gold. Cryptocurrency and the USD$ to power on. DYOR. These are solely my opinions. I formulate these ideas from charts and price history. I pick a direction. Last Friday I publicly announced here on TV that Gold and Silver would slide in a bigger way this week. It's happening and it will continue to happen because as I mention above, the USD$ is continuing its breakout over 106 soon. Cheers, Chris Daily chart below:
Long
by Easy_Explosive_Trading
USDPLN moves up on 4.10 & further breakout past 4.12 I took this trade Long a few moments ago. I thought whether I was getting into the trade a bit late, but I opened the Daily and Weekly charts to see that this is moving fast on the RSI momentum and its chasing 4.12 a previous key record high, which beyond breaking should launch this combo even further. This is a pair that tends to rally hard and fast, there is a bit of a buy spread usually but it moves fast to break even on the spread.
Long
by Easy_Explosive_Trading
AUDJPY Short: for educational purposes only. W & 4HR chart If we look at last weeks WEEKLY CANDLE, well it can only be described as a bearish pin-bar but that is my subjective view, plus this weeks WEEKLY candle is starting to form the same way. Ie. as a pin-bar candle bearish. I am seeing momentum on all intraday charts to downside right up to the important weekly chart. Standby, I will enter the trade very soon if I see a good opportunity to Short without being manipulated by the market makers. IE. They will immediately take the other side betting against me. Standby
Short
by Easy_Explosive_Trading
OMG DOGEUSD is up over 25% again. Clearly undervalued. I got in mostly around 0.16cents, I will disclose also, it's one of my biggest holdings. DOGEUSD is hammering upwards in price again today. Don't write it off due to its comical naming, because it's chart structure is very defined, very bullish and it's a very tidy, organised chart. What you see is what you get. The chart is all I really go by, they could be selling hotdogs and it wouldn't matter, this is going way past $1 VERY SOON. It's one the biggest star breakout performers since Bitcoin recently climbed and broke out beyond 75k.
EIGHTCAP:DOGEUSDLong
by Easy_Explosive_Trading
1
Tron TRXUSD has been a bear for a good 2 or 3 weeks. Not anymore I must declare Tron is one of my biggest holdings, I don't tend to hold onto currency's for very long because you forever get whipsawed around with the changes to the USD, and no matter how good your original setup was, quite often in trading when you see that nice 500 or 1000 green profit, it's best to take it off the table. This is what happened with the start of the London session today Friday, the USD started to rally and all of the top currency's starting AUD, EUR, GBP etc all went in the red, down below it was the USD pairs in the green. TRXUSD will knock over the USD today, I did hear that Bitcoin has not followed through on taking the Higher high set recently which would officially give it breakout status. One analysis I read was that Bitcoin is currently in a 15M channel and it may head bearish until it resets. I will check soon. I keep digressing, TRXUSD has been tumbling downwards slowly and very measured so that nobody would notice on a Daily double top. But on multiple timeframes during Asia Friday TRON has about-faced and is now heading for the bulls. TRXUSD is one of the few cryptocurrency's that is right at the top of its price cycle, to be honest I don't even recall its fundamentals because I go by the charts, however I do occasionally research the Crypto ones I have bought or am about to buy. What's more to say? Well there usually is a bit of a buy-spread. I bought 50,000 a little while ago on market because most of the time I can't be bothered with limit-orders because while you punch in your order and price, the ones at the other end are driving the price higher and ripping us off. I have not made a dime out of TRON yet, I can't say to you that it will move fast like DOGE as it may be a turtle (slow), you will find that its chart-structure is a super-strong-foundation and the charts are very organised and usually pointing very bullish.
EIGHTCAP:TRXUSDLong
by Easy_Explosive_Trading