How to Make Money in Crypto MarketsIf you read this post, it means that probably you are interesting in making money in the crypto markets. You want to trade cryptocurriences and multiply your investments. But do you really think that it's easy? The cryptomarkets open for everyone great opportunities, but you must have some skill for conversion these opportunities into real money. If you think that everyone can make stable profit just buying coins and holding them for long term, I should tell you that you are wrong. You can face with troubles which can beat you and your deposit. And what should you do for avoiding such cases? The answer is very simple - you must know how to trade and manage your money properly. You must have knowledge, trading strategies and an accurate trading plan for making money in long term. You must have discipline for following your trading plan day by day. Only in such way you can expect safe and profitable trading. But I see a great number of novice traders who know nothing about proper trading. They make all possible mistakes. Buying on tops and selling on bottoms it can give you some fun and a lot of emotions. But if you want to make money you must trade in other way. I advice all novice traders think about their trading. Ask yourself, are you ready for real trading? Do you have everything for proper trading or not? Do you have understanding how the markets move? Do you know when you have to buy and when to sell? Do you know how to manage your money properly? If you don't have answers for these questions, you should stop your trading on real money. You have to start learning the theory and start working under your trading plan. You must note that without these components of successful trading you can't make stable money in long term. I advice you to start trading in the crypto markets in right way from the very beginning. While you learning and searching for suitable strategies, you can use trading bots or trading signals as a variant of trading. It will allow you trade in the crypto markets safely and gain experience. I wish you good luck!
Trades
Trade 13: Short AUDCHFRisk of capital : 2%
Action: Sell at 0.7374
T1: 0.7323 ---- T2: 0.7268 ------ S.L: 0.7412
For more details about the trade and all Stats since start of journey (May 11) goo.gl
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Remember
-Never risk more than 2% of your balance on a single trade. And If you are a beginner 1%.
-A Single or few trades result is not important. Whats important is the net return at the end of the month, quarter and year.
Best
Technician
Trade closed manually: closed manually at 1.6896
WTI Trade ExamplesWTI dropped from 52.00 level and gave us several sell signals. You can see how Ichimoku indicator should be used for searching trading opportunities. I marked entry levels for possible short trades. We could sell everytime when price bounces from Tenkan and Kijun lines. RSI and candlestick patterns could confirm price reversal. DMI showed trend market conditions and allowed trading. Please, note one thing, Ichimoku is trend indicator. It can give good signals in trend market conditions. That's why my trading strategy includes both indicators for getting better results.
How to trade based on Sunrise Trading Strategy you can read in my posts on TradingView: Part 1 , Part 2 , Part 3 and Part 4 .
P.S. If you think this information can be useful, please, like it and share. Also I will be glad to read your comments )
Trade 11: Long NZDCAD Action: Buy limit at 0.9660
T1: 0.9749 ------ S.L: 0.9615
If we reach above 0.9710 before triggering entry the trade will be cancelled. Unless I stat otherwise in updates.
This Trade will have Risk of capital of 2%
For more details about the trade and all Stats since start of journey (May 11) goo.gl
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Remember
-Never risk more than 2% of your balance on a single trade. And If you are a beginner 1%.
-A Single or few trades result is not important. Whats important is the net return at the end of the month, quarter and year.
Best
Technician
Trade 8: Short USDNOK
Action: Sell Limit at 8.477
T1: 8.407 T2: 8.308 S.L: 8.516
This Trade will have Risk of capital of 2%
For more details about the trade and all Stats since start of journey (May 11) goo.gl
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Remember
-Never risk more than 2% of your balance on a single trade. And If you are a beginner 1%.
-A Single or few trades result is not important. Whats important is the net return at the end of the month, quarter and year.
Best
Technician
Trade 7: Long EURNZD Reasoning
Bullish breakout above falling wedge
Breakout in the direction of the main daily trend
Bullish engulfing candle on the daily chart
Stochastic near oversold on the daily
Trade Levels
Entry: Buy at 1.5850 - Target 1: 1.5993 - Target 2: 1.6150 SL: 1.5778- Avg. RR = 3
This Trade will have Risk of capital of 1.5%
Stats before this trade
Number of trades: 6
Winning Trades : 2 Losing Trades: 3 Breakeven= 1
Net return: +1.6
Remember
-Never risk more than 2% of your balance on a single trade. And If you are a beginner 1%.
-A Single or few trades result is not important. Whats important is the net return at the end of the month, quarter and year.
Best
Technician
Trade 6: Short term simple Long Reasoning
Strong short term uptrend
Pullback to rising trend line
Hammer candle at trend line
Earlier breakout above 200-days and 50-days simple moving averages
Trade Levels
Entry: Buy limit at 0.8680 - Target: 0.8743 - SL: 0.8649 - RR: 2
All my trades will have Risk of capital per trade of 2%
Stats before this trade
Number of trades: 5
Winning Trades : 1 Losing Trades: 3 Still active: 1
Net return: -2.4%
Remember
-Never risk more than 2% of your balance on a single trade. And If you are a beginner 1%.
-A Single or few trades result is not important. Whats important is the net return at the end of the month, quarter and year.
Best
Technician
Trade 5: Long USDCHF at Potential SupportReasoning:
The price at potential support:
Long term rising trend line
78.6 Fibonacci retracement for major bullish wave
1.618 Fibonacci extension for latest bullish wave
RSI Oversold and showing divergence
Long legged doj candle
Trade Levels:
Entry: Buy limit at 0.9705 - T1: 0.9813 - T2: 0.9950 - SL: 0.9640 - Average RR: 2.71
All my trades will have Risk of capital per trade of 2%
Stats before this trade:
Number of trades: 4
Winning Trades : 1 Losing Trades: 2 Still active: 1
Net return: -0.4%
Remember
-Never risk more than 2-3% of your balance on a single trade. And If you are a beginner 1%.
-A Single or few trades result is not important. Whats important is the net return at the end of the month, quarter and year.
Best
Technician
Trade 3: Short EURGBP at confluence of resistanceLooking to short the EURGBP slightly higher as the price hits multiple resistance levels.
1- The ceiling of the short term rising channel
2- The 200-days simple moving average
3-Bearish engulfing candle on four-hour
4- A falling trend line on the daily chart
5- RSI is overbought
Best
Technician
Bearish Butterfly Setup on the EURNZD. (4Hour)We have a nice harmonic pattern at this stage. On the weekly chart the trend is approaching our Fib zones. Lets wait for confirmation before we sell.
If price leaves our box from the top im no longer interested in this setup. I'll be looking for another sell oppertunity. (preferably my Fib. Zones)
Lets see what happens.
Good Luck.
:)
Trade Idea: Short GBPJPY for a pullbackHello mates,
I see a good chance for a downside pullback as the price has been up-trending strongly in the past weeks.
We have reached a medium to long term resistance area among 148.00-1.4830. RSI is divergent and a four-hour shooting star candle formed.
Best regards
Technician
GBPJPY a outlook. Many patterns are forming.GBPJPY comes with lots of patterns. 2 gartley patterns could form, while a triangle pattern is also forming. If we can break out of the triangle, then I will be long to the completion of the BLUE gartley pattern. Here I will take my profit.
Then if priceaction comes back at structure, I'll go long until price hits D completion of the RED gartley pattern.
Shall we see a BEARISH break of the triangle, I am short.
This pair has lots of good trades! (If you like harmonics as I do ;D )
Trade with care.
GBPUSD Shorts continueLooking to continue shorting GBPUSD. In the higher timeframes, we can see the pound consolidating within a channel, making lower and lower highs. I suspect the pound will stay in the channel for a while before breaking out of it (either higher or lower), however my perspective on this pair is still bearish so I will continue to short it
Gold Examples of TradesYou can see the examples of 2 trades which could be opened based on the range setup. We have price reversals from Bollinger Bands confirming by RSI. We have MACD reversals as signals for entry. DMI confirms range market conditions. There are several ways for closing profitable trades. Here is one of the variant: when price touches opposite Bollinger Band and RSI confirms possible price reversal.