Trade for profit"With options you have to trade in the direction of the momentum for maximum gains, take profit on the way up, and not get greedy."
Trade!
EUR/USD Post Trade Breakdown Hello Traders,
Here I've got a Post Trade Analysis and breakdown on a trade I took for EUR/USD. Remember, this is a post-trade. Meaning this trade for me has ended so please do not take this trade as it is not current and I have closed my positions. This is just for educational purposes showing you what I did with this trade and what I saw.
To start off I was Looking at EUR/USD on the 4H & 1H. I found a Rising wedge formation indicating I could see a short on the pair. I put this pair on my watch list and was waiting for the breakout. As we know a rising wedge in a downtrend does suggest a continuation in the previous trend. I saw a decent Zone at the top of the wedge around the area of 1.09916. After seeing a clean rejection of this zone price was sent back to the downside and this is where we found our break of the wedge. As you can also see I found a trend line. It was a weaker trend line but it still played a role in my initial analysis helping me see a possible rejection. Below I have an image on the 4H what I was seeing and then I have a further breakdown of the trade on the 30 minutes showing my entry points.
Here I have a screenshot showing the 30 Minute time frame on my trade on EUR/USD. I knew I was looking for a trade and movement to the downside. My next step was finding entry points to enter this trade. As we know when looking at patterns we have to look for the breakouts of the pattern. We found our breakouts clearly on the 30 minute and 15-minute time frame. When I find trades on the 4H & 1H I find my entry points typically cleanly on the 30 Minute and 15 Minute time frames. Here I found my breakout of the pattern with two entry points. As you can see I have two zones marked up with Green. For my first entry on the trade, I found some Pin Bar candlesticks around my first green zone of 1.09370. As we also know when we see a pin bar at a resistance level it suggested to me a move to the downside. So this was my first entry on the trade. Now I quickly saw possible levels of support and resistance where we could see price slow down. (MY Second Green zone). My second entry point on this trade was at my green zone around the 1.09161 level. I once again saw a pin bar formation here at the resistance level showing a move down was in order. I made an additional trade entry at this point.
Overall I caught 70 + Pips from my first entry and roughly 50+ from my second entry.
Like I said this trade is now over and complete. If you have any questions on this trade breakdown and post-trade analysis please comment below or ask in the telegram!
DXY THEORY YOU HAVEN'T HEARD YET!THE DXY IS ONLY MADE UP OF 6 MAJOR CURRENCIES MEASURED AGAINST THE DOLLAR:
EUR (57.6% OF THE WEIGHTING),
JPY (13.6%),
GBP (11.9%),
CAD (9.1%),
SEK (4.2%),
CHF (3.6%)
A MISTAKE MANY PEOPLE MAKE WHEN PREDICTING THE DOLLAR'S STRENGTH IS USING THE DXY AS A GAUGE FOR ALL CURRENCIES' PERFORMANCES AGAINST THE DOLLAR!
EMERGING MARKET AND MANY OTHER MAJOR CURRENCIES ARE NOT INCLUDED IN THE DXY!
RECENTLY, PETER SCHIFF PLACED A BET WITH BRENT JOHNSON ON THE DIRECTION OF THE DXY, STATING THAT THE DXY WOULD BE WEAKER THAN 99 IN JANUARY 2021, WHILE BRENT JOHNSON PREDICTED IT WOULD BE HIGHER!
PETER'S THEORY CLAIMS THAT THE CURRENCIES OF PRODUCTIVE COUNTRIES WILL STRENGTHEN AGAINST THE DOLLAR FOR MANY OBVIOUS REASONS, WHILE BRENT CLAIMS THAT THE MASSIVE SHORTAGE OF U$Ds WORLDWIDE WILL ACT AS DEMAND ON THE DOLLAR, INCREASING IT'S VALUE AGAINST OTHER CURRENCIES!
I BELIEVE THEY COULD BE BOTH RIGHT, AND THAT PETER MAY HAVE MADE A MISTAKE IN USING THE DXY AS A BAROMETER:
BRENT JOHNSON IS RIGHT BECAUSE: THE WESTERN FINANCIAL SYSTEM WILL ABSORB ALL U$Ds CREATED, AND EUR, GBP, CHF AND CAD WILL ESPECIALLY SUFFER BECAUSE OF THE EURODOLLAR SYSTEM! WESTERN ECONOMIES COULD ALSO WEAKEN SEVERELY WHICH WOULD DEVALUE THEIR CURRENCIES IN ADDITION TO A EURODOLLAR SQUEEZE!
PETER SCHIFF IS RIGHT BECAUSE: AS COUNTRIES NOT INCLUDED IN THE DXY DIMINISH THEIR TRADE WITH THE U.S.A., AS THEY CEASE USING THE EURODOLLAR TO SETTLE FORMS OF TRADE NOT INVOLVING THE U.S.A. (MAINLY OIL), AND AS THE AMOUNT OF U$Ds' CREATED IN EXCESS OF THEIR DEMAND FOR DOLLARS INCREASES, PRODUCTIVE ASIAN AND EMERGING MARKET CURRENCIES WILL ABSOLUTELY STRENGTHEN AGAINST THE DOLLAR, BUT THIS WILL NOT APPEAR IN THE DXY!
IT IS ALSO POSSIBLE THAT THE FEDERAL RESERVE MEETS THE GLOBAL DEMAND FOR DOLLARS, AND THEN SOME, WHICH WOULD DEVALUE THE DOLLAR AGAINST ALL CURRENCIES, AND I BELIEVE THIS IS THE CASE, BUT I DO NOT DISCOUNT THE POSSIBILITY EXPLAINED ABOVE!
How To Trade Wisely 01pivot
confirmation
waves analysis
patterns
price action
fibo retrace
fibo extension
educational
5-0 pattern. Bearish + 20% and bullish model + 51% Real tradingI must say almost all of this movement I took. Short + 8% (instead of 20%). At long + 55%, entry into the long was lower than shown in this example. I will attach the trading idea for which I worked below. She was published here on January 22. I used other methods of analysis and work, but I used this method that I want to talk about as evidence for my methods. The graph shows a bearish pattern, which immediately turns into a bullish 5-0 pattern, a very rare phenomenon. And that's why I decided to make this idea of training.
I want to say that the 5-0 harmonious pattern is very widely used in other markets, rarely in the cryptocurrency, due to the very low professional preparedness of the participants in this market.
Trading in this pattern can be either profitable or unprofitable, in the first place it depends not on the method itself, but on the person who uses this method. The 5-0 pattern is effective in areas of potential trend reversal. Just the pair ETH / BTC was in such a zone.
The profitability of trade largely depends not on the method of trading, but on the ability to use it.
________________________________________
A bit of history.
Harmonic patterns are the development of the idea of ordinary geometric patterns, using Fibonacci levels to more accurately determine pivot points. By the way, I almost never use the Fibonacci levels, as I see without them, what they show. For beginners in trading, it is better to use them.
By the way, who did not know initially in the father of harmonious trading Harold Gartley there were no Fibonacci levels. Only more than 80 years after the creation of the theory and the successful application of Larry Pesavento in practice, did Scott Kearney begin to pervert and sculpt exact numbers for each pattern that are far from real application on the market. It’s not customary to talk about this, but their main business is not real trading, but selling books, unlike Harold Gartley, who was a successful trader in the 20-30s during the Great Depression and became a millionaire! This is not an imaginary millionaire trader, a seller of courses and books, but a real trader who made all his fortune on real trading.
In mid-1935, Harold published his best work and the first book, which, translated into Russian, was called "Profit in the Stock Market."
The initial circulation of this book totaled only 1,000 copies. This book was very popular among traders, despite its very high cost. The book was worth 1,500 dollars, at that time it was possible to buy three new Ford cars for this amount. This is many times higher than $ 1,500 nowadays. One fact is that his books, which were being sold at the height of the Great Depression, let us understand how high authority he enjoyed among the people of the world of finance. The name of the pattern is Gartley Butterfly, which bears the name of its discoverer.
Already after the death of Harold, Billy Jones bought from Harold Gartley's wife the patent rights to the book “Profit in the Stock Market”, then continued to print it in large volumes. And a "perverse improvement" in working methods for making money on book sales started. That's why I have such a negative attitude towards such "specialists."
You have to be, not seem to be.
________________________________________________
5-0 pattern.
Pattern 5-0 is the youngest harmonious model (it is a variation of it with the Fibonacci grid thanks to traders of books on TA). The model usually represents the first pullback of a significant reversal trend. This is a relatively new model with 4 segments and specific Fibonacci measurements of each point in its structure, which excludes the possibility of a flexible interpretation.
Formation of the figure begins with a slight movement of the market, in the direction of a previously existing trend (segment AB), which was preceded by a comparable depth correction (XA). Point B, in this case, should not be higher than the level of 161.8% of point X. This is a fundamental point. If point B "goes" higher, then almost certainly the trader is dealing with short-term correction and the continuation of the existing trend.
The segment of the aircraft, in relation to the segment AB, is formed in the range between 161.8% and 224%.
The CD segment is a correction within the framework of an emerging trend. The correction depth (according to the classical pattern algorithm) should be 50% of the BC segment.
5-0 pattern template measurements:
The segment AB should be from 1,130 - 1,618. before the XA extension.
The segment BC should be a continuation of the segment AB from 1.618 to 2.240.
Point D should be formed at the level of 0.5 segment BC.
The segment AB must be equal to the segment CD, (AB = CD).
_______________________________________________
There are bullish and bearish formations of this pattern on the market. The graph shows both variants of the 5-0 pattern.
Bullish 5-0 pattern.
As you can see, the structure of the price movement at the time of the formation of the 5-0 pattern is generally very similar to the model of the Dragon figure with the development of goals. I made the ideas of training on this model of a figure and will fix it in ideas under the article.
Point 0 - the beginning of the downward movement, point X - the first correction upward, point A - the completion of the correction and the beginning of the fall down, point B - the end of the fall and the beginning of the strong upward movement, should be located at a level between 1.13-1.618 from XA, that the point C - the completion of a strong upward movement should be located between 1.618-2.24 from AB, point D is the end of the fall and the beginning of the upward movement, here we are trying to enter the market. The input should be at the level of 50% correction from the BC.
Bearish 5-0 pattern.
The structure of the bearish model of the 5-0 pattern is remotely similar to the model of an asymmetric head and shoulders or an inverted Dragon figure with a working out target.
Point O is the beginning of growth and the beginning of the formation of the model, point X is the beginning of correction down, point A is the beginning of growth and completion of correction, point B is the end of growth, should be located at the Fibonacci projection level between levels 1.13-1.618, point C is the end of a strong fall and the beginning of growth, point D - completion of growth, the place where we should open a deal for sale should be at the level of 50% correction from the BC.
Conservative traders are looking for additional confirmation before entering the trade. The 5-0 pattern can be either bullish or bearish. Goals can be set at the discretion of the trader, as the pivot point may be the beginning of a new trend. The common stop loss levels lie beyond the structure level beyond point D or the next important level for the Fibonacci sequence.
_______________________________________
Objectives for this pattern.
As it is a reversal pattern, which can act as a reversal pattern of the whole trend (the emergence of a new trend). You understand that there can be no clear goals, unlike simple figures. If you really get to the beginning of a new trend, the goals can be huge. It is important here not to exit the market prematurely. So that your profit does not turn into a loss, use the movement of stop-loss as the upward movement develops, but take into account the volatility of the instrument.
In this example, on the chart on the ETH / BTC pair, you can clearly see what the goals for this pattern can be.
The bearish model made a profit of + 20%
Channel support stopped a further drop in prices.
The bullish model made a profit of + 51%
The first goal is the resistance of the rising channel + 18%, as we see the price there was delayed for some time.
From this zone the reverse corrective movement to the support of the channel could take place. But, the price has successfully overcome this zone.
In total, the profit is + 51% of the entry point (point D).
In two models, the profit in theory was + 20 + 51% = + 70%.
But the reality is different, I have a profit of + 8% + 55% = + 60%
I rounded the interest for a better understanding, I will say one thing, there was no liquidity at the maximum to reset a significant position, and therefore the profit is much less than the theoretical one on the schedule.
______________________________________
Violations of the pattern 5-0.
More than any other pattern, the 5-0 structure presents a unique opportunity for decision making when the area of opening positions breaks through. In all 5-0 models, the best moment to enter depends on various ratios within the structure. When trying to make a deal while forming an unsuccessful 5-0 pattern, the trader still needs to look at the prevailing trend and at models at smaller time intervals.
Of course, the 5-0 pattern is not an ultra-precise model, and it may not work out even in the most correct situations on the market. What to do if the price has broken through all levels and left the channel, in such cases, the authors of harmonious trading offer quality ideas for opening positions. The first target in this case may be the area of correction 0.886 from the entire movement. Therefore, if prices fell outside the channel and broke through the 50% area, then we should expect continued decline.
______________________________________
Advantages and disadvantages of pattern 5.0
Despite the popularity of this pattern, I would like to first consider the disadvantages of the pattern. The main of its shortcomings should be called the poor "recognition" of the figure. After all, not all formations in the real market, exactly correspond to the ideal book example. In this example, I used exactly the ideal option for the ease of presenting information, and a person who is interested in adding this pattern to his arsenal of trading can also look for more complex formations for work. I would advise beginners to look for ideal models for work, as they are more predictable.
The developers and "popularizers" of the pattern emphasize its versatility. In their opinion, the pattern works with equal efficiency on any trading instruments and at any time intervals. If in the first part this statement is undeniable, then with regard to timeframes, the use of the pattern raises many questions.
On short timeframes, this pattern is not effective due to the high content of "white noise" and which does not allow to clearly identify and build the boundaries of the pattern.
Over long periods of time, the created corridor is so wide that, in fact, it can only indicate the direction of the trend (and even then in the long term). Thus, the efficiency of using this figure very much depends on the correctly selected timeframe. The ideal timeframe for work is 4 hours-1 day.
Remember the most important thing, this 5-0 pattern is effective in areas of potential trend reversal.
_____________________________________
I wrote above that I will attach trading ideas for this pair that I worked on. Which trading ideas made it possible to take profits in shorts + 8% and long + 55%.
1) This one worked in short when the head and shoulders formed. Published November 24th.
ETH / BTC Pivot Points. Ascending Triangle - Head and Shoulders
Result in short + 8%
2) The trading idea for which he worked in long. Published January 22.
ETH / BTC Coin operation. Reversal zones. Double bottom.
The result is now + 55%, the entrance was practically at the very minimum price when confirming support.
Perhaps we will see a reversal of the main trend by ETH18, if the price closes above the downtrend line (red line).
Also, in the idea of training on this graph, you probably all noticed which figure is being formed and how much you can earn from fulfilling its target.
Remember, trading is a game of probabilities.
Who trades from the situation created in the market - earns.
Who trades on the basis of what he wants - receives a loss.
The crowd trades out of their desires, not market probabilities. The crowd always loses.
From the pixels of thinking of individuals, a way of thinking of the crowd is created.
Thanks to the thinking and desires of the crowd, we earn.
The more stupid a society is, the higher the percentage of earnings in it is smart.
To earn, you need someone to lose money. No other way.
Under the article, I have fixed 31 learning ideas.
I didn’t even know that I already have so many of them.
Knowledge and experience are power!!!
CSIQ - Swing Trading Stocks with Two Indicators for 1 YearQuick Video swingtrading stocks journal for the CSIQ Stockover a 1 Year period.
During the last 1 year period we have used the tradethefift Roller Coaster and ElliottWave Indicator suites for TradingView to swing Trade the CSIQ Stock.
There were 7 trades in Total and only one loser! In this example we use $1000 risk per trade and the Result is a $7450 profit.
Please watch the short video to learn a little bit more about these strategies.....
Hypothetical UK Election Trade ...Election results come in...
(for which party will be in government). which results in a rise or fall in GBP
due to it's significance (in this instance it was seen as a good result and GBP rose).
-We know there is going to be volatility, so we can profit regardless of whether the
price goes up or down as when the price reaches certain points (A if price rises and
B if price falls) it will trigger a trade which will cancel the other one
-Can be executed on many pairs/ stocks if large results are due.
-Eliminates bias with OCO order.
--(DISCLAIMER) Set TP and Trigger point on major support resistance,
you don't want to trigger then go the opposite direction!!
Straddle Trades can be good for profiting regardless on where the price goes (in times of high volatility) and you could have made some good profits here, this could be replicated for trades such as EUR/GBP, Non farm payroll, US Elections etc... and are also known as OCO (One Cancels the Other) orders
THE TREND IS YOUR FRIEND... but don't trend trade!!As you have probably heard do not trade against the trend. I'm going to assume you know what this means but if you don't read the bottom paragraph first.
Trading with the trend is obviously much more beneficial to us, and its clear why we shouldn't go against it. But have you tried being a trend trader? Aka a person who tries to identify trends and rides these huge moves out and scales in along the way?
For starters markets range 90% of the time, so only in 10% of market conditions are you going to succeed. Assuming you don't miss the big move because of all the previous losers and break evens you had in ranging conditions which filled you full of self doubt.
There are people who successfully trend trade, and I ask myself why bother??? It is such a struggle, you have to go through so many loosing streaks and keep calm and collected until that big move comes and you're in on it. For me that is too much stress and too much of a strain on my brain.
Trade with the trend when there is one of course. Only buy if there is a clear uptrend and sell if there is a downtrend. But in my advice I would steer clear of trying to follow the trend orcatch these big moves; you'll get chopped up hard in between!
I like it simple. See where people just got wiped out by the banks and follow the big boys.
Do you want to join our gang Haha?
You stay classy San Diego.
***** Trading with the trend is only buying in an uptrend, and only selling in a downtrend, if you do not know what a trend is, message me or google "How to identify a trend in trading" *****
Nifty long-term chart analysis give a story from 2000 to 2020.Following patterns are found for data of 2015 to 2019 (5 years data) on weekly candle chart.
Channel pattern
Flag Patterns
Currently running Head and Shoulders pattern
Remarkable zone 1, 2 and 3
Head & Shoulders pattern is still uncompleted with right shoulder. The neckline target is 10063
At the remarkable zone, its has highly price rotatio n detected with tails
As per channel pattern , the range is 12600 to 10900. The gravitating target 12000 for nifty.
Conclusion, break 10900 below nifty can draw more downward.
History may not repeat itself, but Chart pattern gives you data points and insights to understand how the market can behave in the future.
Weekly candle chart for the spot NIFTY from 2000 to 2020 until the present. Patterns, uptrend, downtrend, or sideways trend, etc are drawn. We have divided this data in 5 years data chart. Comparing the four charts that We have generated, conclusions was written. There're many similarities and difference was found. We can get clear picture of NIFTY for next price move.
Case 1 (2000-2005)
Lot of time and brainpower attempting for technical analysis.
Case 2 (2005-2010)
Technical Chart patterns on nifty.
Case 3 (2010-2015)
Chart the weekly data for the NIFTY.
The constructor of your trading algorithmHi friends, today I want to share the constructor of your trading algorithm.
I want you to take a piece of paper and a pen and answer these for yourself
And this will be your individual trading algorithm
1. Trade style
Decide how you are going to trade
Choose your style
- Short term
- Swing trading
- Medium term
- Scalping
- Carrytrade
- News StraddleTrade
- Long term
- Other
2. Write more specifically here, what time will you work?
Indicate the hours of your work at the terminal
3. What's is stopping you from trading?
Here you should list ALL moments that can confuse you in trading.
I do not trade if:
- Bad mood
- I'm drunk (a), or fun)
- I'm sick
- Exceeded (a) the established level of risk for a day, week, month
- On the day of the release of important economic indicators
- Bank holiday period
- At the end of the fiscal year
- At the beginning of the fiscal year
- Other
4. Trade Details:
Describe in detail all the situational moments in the trade
I am analyzing yesterday's deals
Yes
Not
My instruments (what I trade)
__________
What type of analysis do you use
___________
What patterns do you trade
-add files
What important economic news do I see on the calendar
___________
I am doing a general market analysis on such timeframes
___________
What indicators do I use (indicate names and settings)
___________
Signals to enter the market, i.e. when I enter the market
___________
Pictures of situations
___________
I trade such a market model based on price levels
add files
For me, the signal to enter the market is a SELL order based on price levels
Price trading below the level after the breakdown of the level (breakdown of the level)
Price trading below the level without breakdown (reversal from the level)
In pictures it looks like this
_________
The signal to enter the market is a Buy order based on price levels for me
Price trading above the level after the breakdown of the level (breakdown of the level)
Price trading above the level without breakdown (reversal from the level)
In pictures it looks like this
_________
The signal for a false breakdown for me is
Maximum permissible risks for my deposit (in%) per transaction, per day, per month:
_________
The ratio of profit to loss is
1: 1
2: 1
3: 1
Your option:
Other
After entering the trade for each order, I set StopLoss
Yes
Not
After entering the trade for each order, I set TakeProfit
Yes
Not
In my trading, I practice partial fixation of the volume of the order (I close the profitable trade in parts) *
Yes
Not
What does it look like? Picture*
I make sure to work on the bugs *
Yes
Not
AUDCHF - EDUCATION - 29. JUNE. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
-
1 HOUR
Sideways moving market with a lot of pullbacks.
4 HOUR
Bullish market found its resistance probably.
DAILY
Very bearish market in a small correction now, great short entries for sure!
OVERALL
I think we will see a bullish market open and price movement above previous
H4 Highs and resistance area for a last pin to the upside before heading back
down into our average price movement!
Good luck
-
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
GBPAUD - EDUCATION - 23. JUNE. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
-
1 HOUR
Very bullish price action..
4 HOUR
Price forming several HH and HL indicating a bullish pressure pattern.
DAILY
Sideways waving market found resistance now and is slowing down.
OVERALL
Price action is slowing down and found resistance, expecting a last push to the upside forming new H4 Highs
before heading back down to average price movement and psychological support level.
Will update everyone on monday!
Good luck
-
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
Every excess detected at resistance, 100% sure sell.
1) Very tight channel detect here with 3 excess and currently forming 4rd an excess. I prefer to sell when price with excess at a value high.
2) The tail should be in excess is more accurate.
--> First condition meet here, short at a higher price will be great. Each trade must have a protective stop, therefore keep your stop above resistance.
---> Wait for the 2nd condition to meet and enjoy 99% accurate trade.
Hit LIKE button if you want to alert REAL-TIME .
It is not gambling if you know what you’re doing. It is gambling if you’re just throwing money into a deal and praying. - by Kinnari Prajapati
US Stock Markets: And what's Mueller got to do with you?!This screencast is speculative - and I invite the full brain power of Tradingview's community to consider the variables which might affect the US Stock Markets around this time. Let's do this together.
The stock market has retreated, probably due to nerves about the Mueller report - among several other things. If the report contains nothing on which Trump is impeachable then, I'm expecting a pump north.
Mueller's hit list so far has been :
1. PAUL MANAFORT
2. RICK GATES
3. MICHAEL COHEN
4. MICHAEL FLYNN
5. GEORGE PAPADOPOULOS
6. ALEX VAN DER ZWAAN
7. RICHARD PINEDO
(Names are in all caps only due to copy and pasting. Names and convictions are all in the public domain, so I'm not defaming anybody.)
Some may think that with so much dirt around it's unlikely that Trump will come out of this clean. Hey, this bull market is about Trump - let's not debate that. If Trump goes down the markets go down like lead balloons. Alternatively, if Trump comes out clean enough, expect bullish moves which may then be limited by other factors.
Separate to Mueller's investigation and report, there are 16 other investigations into Trump. If just one sticks, there could be catastrophic collapse of the American markets - with shock waves globally, hitting Forex as well.
We have other variables to consider :
1. The Fed 'money printing' press going to be turned up.
2. Bleaker than expected economic projections by the Fed and Draghi.
3. Expected weaker US Dollar - creating bullish pressure in the long term.
4. Flattening or inverted yield curves
5. Uncertainty's and delays on deals with China.
6. Potential Brexit shock waves.
7. Germany struggling against recession.
8. 'Housing' market bubbles in several countries including the US, in trouble.
9. US and Global debt totally out of control.
10 etc. .. and much more.
Sorry - I don't know what's gonna happen. I do not give tips on entry positions.
Nailed it! Take the money and run approach to Current Crypto I've seen this happening a lot lately (past few weeks). There is good range on some of these wicks on the short term time frames!
Its only about 2 percent but these are easy if you are watching. I simply set a buy 1 historical resistance line under the current historical resistance. THEN SET AN ALERT at your buy price.
If the price drifts down pull your order. But if you hear your alert randomly, go sell.
Quick 2%. DO NOT let these positions ride. Sell immediately.
This is a very simple strategy to execute if you have quick access to this site and your exchange. You can even set an alert with a different sound to remind you to pull your order because the price is drifting.
PLEASE LIKE AND SUBSCRIBE IF YOU WANT MORE LIKE THIS.
PS: I am not a licensed adviser. ALL my posts are simply my opinion and game plans.
Using A Manual Stop Loss For Beginners @alanmasters (Learning)Hello my dear supporter, Alan Masters here and I want to share a few details about stop losses, the different types and how to better interpret them to maximize potential profits and reduce potential losses when trading with me.
Manual Stop Losses
Right now we are using what I call a "manual stop loss" and I will explain to you why.
Trading cryptocurrency isn't that easy, conventional markets are way easier to trade. Here the cycles are faster and the bots are more advanced, there are many ways that beginners can get lost in the simple actions that are: buy, sell and hold.
The purpose of a stop loss is to close a trade if the trend changes or is certain to change. Meaning, if we are aiming for a target to the upside and the price of an altcoin starts to go down, we close our trade when we confirm that the price will continue falling rather than bounce and go up. This confirmation normally happens where we analysts place our stop loss.
Now, it happens that the same place where a change of trend can be confirmed is also where support is found, in the example above. So imagine the price of the altcoin you are trading quickly going down and hitting support. A conventional stop loss would get activated and you lose your money, but with a manual stop loss, you don't close the trade unless the candle closes below the stop loss price. So in the case that the price is hit but quickly bounces, then there is no need to close the trade as the uptrend will be resumed.
I will share some charts to make it easier to understand why we use a manual stop loss.
First example:
Imagine your stop loss is set at $3579. BTCUSD goes down and hits this price, your trade is stopped and you lose money, but the price quickly bounces up.
With the manual stop loss, you would have to have the candle close below $3579, meaning at least $3578. And the candle on the chart above would look completely red/yellow (negative).
This manual stop loss requires more work as it needs to be checked manually, but this is something necessary when trading crypto as the markets are very volatile.
Other types of stop loss
The basic stop loss is the one where your trade gets closed as soon as a certain price level is hit. If you use this type of stop loss when trading cryptocurrency, I would suggest placing the stop loss at least 5-8% below the actual support.
One final strategy to take your stop loss effort even further, more advanced, is the full candle close below support.
This is a method that I highly recommend as well. For some people it isn't enough to close below support to confirm the trend change, they expect to see a full candle close below support before closing their trades. Taking it even further, you can look for big volume and any type of bearish candlestick or candlestick pattern for additional confirmation.
Piece of advice
We use a stop loss in order to avoid losing money in the case our trade goes wrong. The stop loss is not meant to indicate if the trade is active or not, or if I got it right or wrong... That's not the purpose, we are here to make money.
If you are trading and learning you can always adapt to the moment and make your own decisions based on what you see and not what is written. For example, if a stop loss is hit by 3 satoshis or few cents (in USD) but you notice that the price will move back up, you can keep your trade.
The purpose of the stop loss is to cut your loses but not to close a valid trade.
So take into consideration the market, the charts, signals and everything that is going on. You can also contact me and send me the PAIR you are looking at and I will be happy to help.
For beginners, you can simply follow our trade instructions and start creating your own strategy as you get used to these markets.
Thanks a lot for reading.
Namaste.
How To Calculate Pip Value, Risk & Trade Size TutorialHey Traders, in this idea we are going to break down step by step, how a professional trader calculates pip value, risk and trade size. The focus of this lesson is aimed towards helping you get an idea of how you can create your own risk management plan in order to remain consistently profitable over a long period of time. You can have the best strategy in the world and still lose consistently without a solid risk management plan. In fact, in my personal experience with teaching traders, I have found that many traders who do not succeed are actually using a profitable strategy! These traders would have made money if they followed their risk management rules but that tends to go out the window when we do not see how the numbers work out for ourselves (among many other reason). It is important that you use these calculations that I have broken down on these charts over and over again until it makes perfect sense to you and then apply them to your own trading. If you do nothing else at least make sure the numbers work for you! I hope this short tutorial helps you get started on creating your own risk management plan and please be sure to comment below with any questions you may have. If you like this tutorial please give this lesson a thumbs up and I will cover more on this topic In a future lesson.
Thanks Traders, If you would like access to a spreadsheet that automatically calculates all of this for you, please request one using the link below and I will send you my personal spreadsheet for free.
goo.gl
Also if you have not done so please follow me at TradersNsights Facebook page as I plan to start posting daily market updates and predictions over there that may be helpful to you.
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BTCUSD Trading strategy and Trading tacticsThe trading strategy is a common vision of how, by means of which methods, using what tools and in what markets the trader is planning to earn money for a long time.
In our case, since we are going to trade on the crypto-currency market, it is worth determining whether we will trade the most liquid coins using the marginal leverage, or it will be trading in cash. Maybe it will be an investment in top projects, which are in the limelight; maybe, it could be an investment in low-liquid projects that are far from the top on coinmarketcap, but they can give the X-s in the future. Accordingly, it is necessary to choose a trading platform for these purposes. For margin trading I recommend Bitfin, I do not recommend Bitmex. For trading top coins, Bitfin or Binance, will suit your capital. For trading potential projects - binance, cucoin, bitrex.
Further it is necessary to decide what type of trading you are interested in depending on the time. This will be a day trading where the trader searches for trading opportunities throughout the day, constantly monitoring the market, or swing trading (middle term trading), when the trader determines the direction of the market, takes a position and holds it until the prerequisites for a reversal of the trend appear. Alternatively, this is a long-term investment, when the trader accumulates a position, having a firm belief in the direction of the main long-term trend.
Regarding methods and tools for analysis: we are going to study TA, respectively, this is the method that is suitable for us. Each trader will be able to determine for himself a set of tools for technical analysis with time and practice. Someone is more inclined to use patterns and levels, someone is an “indicator”, and someone likes to use volumetric analysis. My opinion is the following: you need to have a certain "crown", but use all available TA tools for additional help in the analysis.
Trading tactics is a strict set of rules for using methods and tools for technical analysis, the risk / capital management rules to achieve strategic goals.
For example, while choosing the liquid assets trading, these rules should encompass:
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Clear rules for entering the position: the reason, the volume of the transaction, case scenario, which will increase the already open position.
• Clear exit rules: predefined TPs and SLs, coordinated with the development of cases, which will allow changing the initial settings of target levels, the rules for transferring SLs in the black and further.
• Calculated, strictly defined risk / capital management rules.
• Disciplinary tasks
Risk and capital management.
Strict control over losses is probably the most important prerequisite for successful trading. There is a classic rule: eliminate the loss-making positions as quickly as possible, keep the profitable positions as long as possible.
2] How to use Traders Dynamic Index and Complementary OverlayWe here learn to observe the higher time frame 360, and analyse 1D that RSIPL are crossed down parallel. So lower than daily time frame= 540, 360 allows for trend entry at a 360 RSIPL and 'TSL initial cross down for max profit.
On 180 as on 360 allowed for entry using the RSIPL/TSL crosses down. Also observing Phaser very near price as it 'pushed' priced down until price could breakout Phaser which had much importance.
Price breakout of black Midline meant clear reversal and price retraced to it for support with target being HighPhaser or Fibonacci retracement tool for extension target. Entry for this retracement was possible by means of the countertrendline cross.
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Promoting free and highly useful Indicators:
KK_Traders Dynamic Index_Bar Highlighting
Traders Dynamic Index Overlay
"Price Action Channel Master by JustUncleL Restored"
What makes a divergence.To find a divergence you have to take in account for the movement at each point in time. For example, make sure your divergences include a contiguous downtrend or uptrend or else they are invalid. Furthermore, don't build opinions over a single timeframe or indicator: always be sure to use multiple. Another good tactic is to discuss with people who might have separate--but valuable--viewpoints.
Part 3 - The Markets.. Know what market you are trading in!!What is trend?
Trend is the direction in which the market moves. An upward trend consist out of higher highs and an downward trend with lower lows.
* Upward trend
* Downward trend
This is called the sideway market, which also is called trading range:
This is an neutral trinagle, where we see lower highs and higher lows. At this markets it is better to wait what the market will do. Every time the price drop, buyers are gettin earlier in, but the sellers are also selling earlier.
Upward Triangle, There are more buyers joining the market.
This one is the downward market. The lower lows are staying equal, the highs are gettin lower. At this time people are waiting for the right time to buy.
We see here a false move. When u think the market will turn on, it makes a false move and getting lower.
This one is called the broadening market. The highs will become higher and the lows lower. A broadening market says that there is a lot of uncertainity. This is an market with high risks. This will be seen a lot at the ending of upward markets.
