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[Trade Review]How I traded $DIS 200% GAINS, $TLRY, $MSFT, FUMBLEIn this video I will reviewing trades I took on June 28, 2021 which were $TLRY, $DIS, $MSFT, $ZM from watchlist I provide from the stream on Saturday! Along with an explanation of my plan as well showed you guys my TA for some possible set ups! Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emma's, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always!
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EURUSD Recent Price Action| Identifying a break of a key levelEvening Traders,
In this educational post I will analyse how a price action level breaks and puts in a retest.
Assessing the chart, we have a clear Resistance on the left that was breached with an impulse break. The level was retested and confirmed as support with an S/R Flip Retest.
This shows strength in the price action; however volume was not evident, leading to a bearish expansion back below the level.
EURUSD eventually retraced and broke the resistance again with a strong impulse and is currently trading above the level.
For this breakout to be valid on the retest, we need to see an increase in the volume profile. This will signify a true break as incoming volume will lead to an expansion.
I hope this educational peace helped,
Thank you for following my work!
21 Largest countries by total tradeA few things I notice:
Brazil has all the tools in its hands to, but it does not trade (it's rank 25 to 30).
AUD NZD are overrated (overtraded).
China way underrated but they are new, they were a tiny economy until recently following their cultural revolution.
Canada a bit overtraded but not a big deal.
CHF and USD seem overtraded but that's normal, Switzerland has all the banking and all the big trading firms, the US have the world intl currency (for now) and all investors in the world buy US stocks (for now).
Hehe Turkey is not even there, I think it trades around 400 billions just like Brazil & Australia.
Mexico has a weaker army than Singapore. They're 500,000 btw.
==> No wonder they have drug gangs patrolling the country in trucks with mounted guns and "make examples.
Not impossible drug cartel exports > The country exports.
Russia is a significant world player because of its army. Russia has some major obstacles to growth.
It is rekt by its no access to the world oceans.
==> "Fourteen percent of U.S. counties that are adjacent to the coast produce 45 percent of the nation's gross domestic product (GDP), with over three million jobs (one in 45) directly dependent on the resources of the oceans and Great Lakes.". "One of every 6 jobs in the U.S. is marine-related". "U.S. maritime transport carries 95% of the nation’s foreign trade". "More than 80% of the nation’s economy is supported in coastal states". It's that important.
Not a Russia expert (I don't even trade the Rubble) but I think this explains why Russia top 2 exports:
1- Mineral fuels including oil: US$141.3 billion (42.1% of total exports) - sent by pipelines.
2- Gems, precious metals: $30.4 billion (9%) - For very valuable goods higher transport costs aren't that big of a deal.
The strong army is strategic, it gives indirect advantages it is not just for conquering.
But about the conquering... They have the strongest land force in the world and should they just develop supertrains and anti ice ships or something?
Just give up on world waters? Even if the conquer east Europe they'd still be at the same point.
They're good at hacking for sure. And Yandex, VK, culture, video games... Historically they are an industrial power right?
They are Transitioning towards virtual which you do not need to put on a container ship.
Really not an expert as I said but this seems like common sense, and I'm paying attention from afar.
They've been bagholding attempts to improve the situation for centuries "never give up never surrender".
Either recreate some giant USSR (not going to happen) or cut losses and accept this weakness, develop other things.
Always trade in the direction of the Momentum !Who goes long for a share when its bearish? Do you sell your shares if trend is bullish? how can one understand the status of a stock?
One of pillars of successful trading is to trade in the direction of the momentum. of course it is not guarantee your success in all trades but it is definitely a must thing to consider and is necessary for a good trade.
There are some indicators which show the momentum of the market among which " STOCHASTIC" and " STOCHASTIC RSI" can be mentioned.
Simply the momentum is bullish if fast line ( Blue in stochastic indicator) crosses slow line( Red in stochastic indicator) upward and Momentum is bearish if fast line crosses slow line downward.
It is OK to go long if Momentum is Bullish and is OK to go short if it is is bearish. 2 bullish reversals are shown in the chart which show a good point to buy shares . One Bearish reversal is also shown which indicates a good time to go short.
Bullish and bearish reversals in oversold and overbought zones are more powerful. when both fast and slow lines are in oversold zone ( below line 20) it tells us that down side should be very limited. if both lines are in overbought zone ( above line 80) we can expect a near bearish reversal.
Combination of this concept with Elliott wave patterns and Fibonacci levels can give you a powerful tool which is beyond the scope of this post . A simple and elementary example is shown in the TSLA chart which a bearish reversal coincides with 0.618 Fibo retracement and descending trend line.
My strong recommendation is just simply put away those ideas which encourage you to go long when momentum is bearish or (bullish but in overbought zone) and vice versa.
Good Luck in your trades
How to use trendlines when trading cryptocurrency 🎓A lot of newcomers have been asking for educational content because you don't understand why my strategies work and how I conclude that a particular price-action will likely happen on certain assets at certain price-levels. It's lovely that my followers aren't just seeking signals, but actually digests the charts I'm sharing and actively tries to expand their repertoire.
Search no further - here's an easy and free guide to trade cryptocurrency, using trendlines. 🤓
Important aspects of using this strategy
A really important step of this strategy is to consider the number of data points you make your trendline from.
In this educational scenario, I've used thicker lines for the trendlines with more data points and dashed lines for trendlines that almost can't be considered as a useful trend. As you can see, we have a very solid trendline, which makes it likely that some significant price-action will happen – eventually to the upside.
Another crucial aspect of the strategy (and every other strategy other than "hold and pray") is to have a take-profit- and invalidation-area.
We always want to know why we're in the position and why we're out of the position. In this particular scenario, I've decided that a convincing break of the strong, bullish trendline would be an invalidation for the trade. If the trendline breaks it doesn't make sense for me to be in the position anymore, since the trade is solely based on the trendline.
Furthermore, the take-profit areas of the trade are based on historic resistance areas. The highest take-profit area is based on a very weak trendline, which is why I wouldn't leave more than 10% of my initial position size to reach that.
This is an easy strategy for trading any asset, that anybody can use no matter how experienced.
Experienced traders also use this strategy. In my own opinion, simple strategies are the best; you'd be surprised how few indicators experienced traders use.
Feel free to ask any questions or share your thoughts about this strategy! 📝
Do not gamble on earnings This stock is a perfect example of why you shouldn't yolo trades on earnings. The pattern looked great, and the stock is very bullish and also in a great sector. However, something happened on earnings. I don't really care what happened all I know is it effected the stock price severely. The thing about earning is that a company could come out with the best possible news but end up still tanking the stock price. Why? I have no idea and neither do you. best bet is to not trade earnings .
Golden Rules for Traders by Rocket BombHi, my dear friends!💋 Let's talk about Perfect trade. Are they exist?🧐
The “perfect trade” is what every trader strives for. But in order to be able to make "perfect deals", you need to remember some rules before entering each of them.
First rule: 🔥Realistic expectations🔥 - Sorry, but not every trade will be profitable. REMEMBER That !!!
The first step to a perfect trade is to accept and deal with losses, this will help you get a clear mind for the next trade, which may bring you a profit.
Second rule 🔥Managing Your risk🔥
We can't control the market, but we can control ourselves
The second step to a perfect trade is to control risk. You must clearly calculate how much you can lose on each trade.
The third rule of "perfect trading" 🔥Assess Market Condition🔥
Step Three - We need to understand the state of the market and the structure of the market. - Is the market slow and volatile or is it trending? And accordingly, have tactics for each of them.
The fourth rule -🔥 STRATEGY 🔥
Step four: NEVER LEAVE YOUR STRATEGY !!!
There are different strategies in my trading plan, that are used in different market conditions.
💡Even if the trade is unprofitable, if I follow these four steps, it will still be the perfect trade.💪🏻🚀💣
Thanks for Your attention🙏🏻
Stay in touch🧡
Sincerely yours Rocket Bomb🚀💣
The "PIN BAR" Story Hi Pro Trader's .. Hope You Be Fine ♥
Today We Have Very Important Education Lesson .. THE PIN BAR STORY
The Pin Bar In Candle .. Came To Change The Pair Direction ..
we Have 3 Levels For It
Strong .. That's Came And Change Direction With High Move
Medium .. That's Came And Change Direction With Medium Move
Week .. That's Came And Change in Direction Will Happen
Start Trade Now With PIN BAR .. And Tell US Results
Be Safe -- Trade Safe
Looking Back on 2020's Trades and InvestmentsThis is a Trading and Investing Review Sheet for 2020, where you look back on all your trades and investments, and evaluate on how the year went.
This post was inspired by Richard Moglen on Twitter.
As a trader, evaluate your trades based on this criteria:
1. Profitability
2. Max Drawdown (MDD)
3. Trading Strategy
4. Capital Management
5. Trading Plan
6. Trading Log
7. Emotional Restraint
8. Education
9. Routine
10. Best Trade of 2020
11. Worst Trade of 2020
12. Improvements for 2021
As an investor, evaluate your investments based on this criteria:
1. Profitability
2. Risk Management
3. Investment Ideas
4. Capital Management
5. Portfolio Management
6. Diversification
7. Investment Strategy
8. Education
9. New Opportunities
10. Best Investments of 2020
11. Worst Investments of 2020
12. Improvements for 2021
If you like this educational post, please make sure to like, and follow for more quality content!
If you have any questions or comments, feel free to comment below! :)
EDUCATION: Bollinger Bands Hello, dear subscribers!
The next topic of our education is the Bollinger Band channel.
What is Bollinger Bands?
BB channel consists of three lines: the moving average of close price, the MA plus/minus 2 standard deviations. This channel defines the most likely price swings range.
How to trade with BB?
There are two different situations for the BB trading.
The first one is the trading during the consolidation phase.
You should open the long positions when the price broke the lower BB and close when it reached the centraline. The short position you can open when the price hits the higher BB and close on the centraline.
The second situation is the trend trading. According to theory the periods with low volatility are preceded by the high volatility periond. When the the volatility is low the BB channel is squeezed and it is a good time to searching for the potential trend beginning. You can use Money Flow Index or other volume-based indicators for the trend confirmation. For example, when the price hits the higher BB and the money flow index value rapidly increased it can be the evidence of potential uptrend beginning.
The most difficult and important problem of the BB trading is the trend direction definition. If the trend is defined correctly this strategy becomes very profitable.
How to take advantage of a trade multiple times? Check it out!Hi guys!
Just published my very first educational post, I hope you will like it!
This is a trade which I took yesterday and I thought it would be interesting to "dissect" it into 4 steps in order to understand why and when is the "best" moment to buy and/or to sell.
I have incorporated the explanations in my chart.
Please note that this is an "ideal" trade and it doesn't happen like that all the time... but it gives you an idea of how I analyze it.
Feel free to comment/like it if you find it valuable!
QLCBTC - It will surprise everyone with a great and fast growthHello friends,
Be sure to follow QLCBTC. We have a good opportunity for strong growth.
In the short time frame, we saw the MA200 cut off and exit the downward trend, and this is definitely not a message but a sharp rise.
Open: 0.00000205 - 0.00000208
Target 1: 0.000000225
Target 2: 0.000000243
Stop 1: 0.0000190
Please trade and sell at your discretion
.. Navid ..
Fibonacci and Chart Pattern Trading Descending triangle is in the making. Not confirmed even if we see a rejection at this down sloping trend line. Also just a quick look at the use of the fibonacci retracement tool. We have the extreme high @ 10220 (nice round number 🤔) down to the low of correction @ 8220. A rejection off the 78% fib is common in trading. 78% 38% and the 618 fibs are key in trading and in using fibonacci.
Any likes are much appreciated. Any questions can be left in the comments section. I'll be happy to get back to you. 👍
Trading in a trend. ETH/USD trend. Past Trading Idea +70%Ethereum is currently moving in a strong uptrend. An ascending wedge formed. It is very necessary to be careful in trading now. In fact, holding the starting position while the trend continues. You can apply the pyramid trading strategy, about which I have an extensive article on how to work profitably and safely in two directions on one tool.
A break in the price of the trend line and fixing below it will indicate the weakness of the bulls as a result of a potential trend reversal. On the chart, for clarity, I showed the existing and past local uptrend, so that you understand the logic of work.
I will also set an example on my past trading ideas on how to work in similar situations. In order for you to better understand the essence of trading work. If you are not in a position on this instrument, then you can simply observe the development of events for the trading experience in the future.
My past trading idea for this ETH / USD pair. March 31, 2020
ETH / USD Triangle. The price is decreasing. Coming soon.
Profit already more than + 70%.
There has been no upward trend weakening since the triangle broke. The trend continues.
A similar situation on bitcoin in June 2019.
BTC is moving in an uptrend. Repeat 2014 or 2017?
An uptrend continues. Trend Trading and Important Areas Jun 27, 2019.
The trend stayed at the important zone and the price fixed under the trend line.
An attempt to return the price to an uptrend was unsuccessful.
What served as a signal of a reversal of the then upward trend on Bitcoin. And the formation of a bear measured move
BTC possible formation of a global triangle. Jun 28, 2019
Trading with the trend Option of forming a global triangle Jun 27, 2019
And a very similar situation was at one time on LTC a month before halving.
LTC trend trading. Crowd training before halting BTC Jun 25, 2019
Well, after a while (2 weeks). We saw a breakdown of the upward trend line.
As history showed that the breakdown before the halving served to reverse the current trend and the emergence of a downtrend.
I will continue the example of trend trading on the same coin.
LTC price uptrend is broken. Trading in a downward channel . Aug 14, 2019
As we see the downtrend continues.
Potentially work in a hypothetical downward channel that may form.
As we see from the history of the channel and formed. Work on this tool continues.
Trading idea + training. Nov 1, 2019.
TRAINING
Pyramiding money management. 2 part. Short LTC / USD.
In this training idea, I described how I worked on this LTC / USD pair long before the trend reversal.
Pyramiding money management. 1 part. Long LTC / USD
Also, I think this trading + training idea will be useful for you to familiarize yourself. The same pyramiding (trading in a trend), but on coins of average capitalization . The profit, as well as on the lightcoin, is impressive about + 200-350%. But the charm is that due to the fact that it is an altcoin of average capitalization, all the actions of the cycle occur many times faster.
Also, if a person worked in the algorithm that I described and defended my profit as shown in the idea of learning online, he would not be afraid of the margin focus of the Binance exchange that they scrolled on hamsters.
Pyramiding online on a pump coin. Matic. Whale Trading Nov 28, 2019
To all readers a lot of money in trading. Rock your mind and skills.
Why Price patterns work. Price patterns are patterns that were made by price based on the relationship between time and the movement of price on a price chart. They could be based on a single bar or candlestick, two or more, or even several bars or candlesticks. For now, I would be using just bars. They could be just for one session based on the timeframe or several sessions or days. The charts below illustrate some bars
Single bars
Multiple bars
Some of the reasons why price patterns work are:
1. Prices are determined solely by people’s changing attitudes towards the emerging fundamentals. That means, prices are determined by psychology. Garfield Drew is quoted as saying that: “Stocks don’t sell for what they worth, but for what people think they are worth.” One recent example of people’s changing attitude is the recent selloff in gold that was experienced at the heart of the Covid-19 pandemic. People thought gold being a safe haven could rise rapidly in prices, but for two weeks between March 9 and March 19, the price of gold fell by 14%.
2. Market prices are not random events. People’s changing attitudes towards the value of an asset moves in trends and trends tend to perpetuate. An uptrend is expected to keep going up until the market psychology changes and the same for a downtrend. The shifts in these attitudes are usually captured by price patterns. GBPUSD chart below showing how a shift in trend due to market sentiment is captured by the 123 pattern and trendline very perfectly. A huge rally ensued.
Notes on my observations:
1. Price patterns should not be used in isolation. When I trade price pattern I use confluence of the price pattern with support and resistance levels such as horizontal support and resistance, diagonal support and resistance from trendlines, and Fibonacci levels.
2. Also, you should take note of the underlying psychology that gave rise to the development of the price pattern. I generally trade pullbacks and reversal patterns because these give price actions that conform with the underlying psychology of the market in trends.
WHY IS MY TRADE STILL RED?? When will I see profits??!This a brief tutorial explaining pullbacks/retests/drawdowns in the market. I hope this helps put your mind at ease.
Example shown is of DAX30/GER30
Telegram @RichDadBre
Possible Trade Idea for GBP/USD! Hello Traders,
Here we have a possible Trade Idea for GBP/USD. We're looking at GU on the 1H here. REMEMBER Traders this is ONLY A POSSIBLE TRADE IDEA TO WATCH FOR!!! THIS IS NOT A SIGNAL, This trade is not confirmed yet. This is only something to watch for and a possible setup. Nothing is confirmed until we see the initial move to the upside and clean 3-4+ Confirmations. We might see a further push to the downside to the larger blue zone I have marked up. If the price does make a move to the downside this trade is canceled. The only thing we're looking for to make this trade happen is a breakout of the triangle I have drawn up. Once we see a breakout of the Triangle and a CLEAN retest and rejection and continuation to the upside this is where we could see a move to the upside. If all this plays out and we can find 3-4+ CLEAN confirmations we should be looking at a 200+ Pip move to the upside!
JUST A POSSIBLE TRADE IDEA!!! NOTHING IS CONFIRMED OR SET YET!!!
Please wait for the confirmations to activate this trade. If we see a break to the downside do not open a position on this trade. Please comment below or ask in the group chat if you have any questions!
Support And Resistance – The House! EICHERMOTOR.----------------------------------Support And Resistance – The House!----------------------------------
Support and Resistance explanation:
Imagine that you are looking at a vertical cross-section of an "Old fashioned dolls house " which is shown in the schematic. Now you can see all the floors and ceilings in the house, and as you can see here we have a ground floor, first floor, second floor, and roof.
The market then moves lower, having reversed, back to the floor, where it consolidates.
The concept of Support and resistance is important for a number of reasons.
--> First, as we have already seen, a breakout from a consolidation phase can be validated with volume , and if confirmed, provides excellent trading opportunities . The so-called breakout trade s.
It is a WIN/WIN. You have the comfort of knowing that once the market has broken through a ceiling of price resistance, not only does this become a floor of price support, it has also become a barrier of price protection in the event of any short term re-test of this area. Any stop loss, for example, could then be placed in the lower regions of the price congestion. This is why breakout trading is so popular.