Get started

Tradesetup

MOUNT EVEREST TRADEThis is the Master Jedi Trade. There is genius in simplicity. The market has a cycle just like the seasons. The market always moves in angles and the software has pre determined areas that it will stop at to accumulate buy and sell stops to balance. The market balances more than it moves vertically. Therefore to simply buy at the top and sell at the bottom is a great framework to begin to build your trading strategies. This trade is formulated on this fact that when price and time meet they produce STRUCTURE indicated by wicks. Therefore when we see candle formations at these areas of structure notated by WICKS we can ANTISCIPATE the move before it happens. The market is all of the confluence you need to enter a very high probability objective trade and to build objective trade strategies to extract as many pips out of the move as it will give. The key to knowing when the market is ready to re balance is to study prior price action and look for areas where price has respected before. Macro Pivot Points. This trade will give you the WHOLE ADR or 2. That's why Pro Traders only need to trade once or twice a week. Compounding is Magic. Never over leverage. Always trust your trade set up. (But Be Flexible) Have Fun! I AM Pro Trading Made Simple
Short
by Master-Jedi-Trader
Heikin Ashi Trading SetupBYBIT:BTCUSDT Here I have shown a Heikin Ashi Trading Setup. I'm using forementioned candles, with smoothing, and a PMARP signal to confirm entry (Long or Short) positions. For the PMARP I give full credit to Eric Krown and is linked in this published idea. I've adjusted the settings to give a cleaner look and to use only the relevant information. Trading strategy is anchored to the chart, but here it is again: STRATEGY RULES - Heikin Ashi Candles LONG Wait for BUY signal, then wait for candle to close Next smoothing bar or 2nd should be BLUE PMARP must be on OR above 85% SL on bottom of bar before BUY candle TP on SELL candle or first YELLOW candle SHORT Wait for SELL signal, then wait for candle to close Next smoothing bar or 2nd should be YELLOW PMARP must be on OR below 15% SL on TOP of bar before SELL candle TP on BUY candle or first BLUE candle STRATEGY RULES - PMARP Once candle chart prints a BUY signal, wait for PMARP to be on OR above the 85% line Once candle chart prints a SELL signal, wait for PMARP to be on OR below the 15% line This seems to work well in backtesting on lower time frames such as 5M, 15M, and 30M. I'm using this for scalping/day trading so haven't tested on longer time frames. Good luck every *NOT FINANCIAL ADVICE*
by adf789
4
Understanding The Trade is Deeper than StructureThis is an overall look at how I see the market. Knowing market Mechanics is knowing WHY the market moves. To trade consistently in the Forex Market Snipers study what we trade. We learn their moves and patterns. As we gain knowledge and gain history with this pair we begin to understand WHY and what TIMES of the day it moves. We then devise strategieS and formulaS so that when we hunt we come back with the prize every time. The Mount Everest trade is that trade and it happens in the FOREX MARKET often. This is the set up. The Morning Zone will trade into buy side liquidity. Look for Wick Exhaustion. Your favorite bearish candle patterns will present. Once the rest of buy side liquidity is taken out EURO will drop. 10am London Payout. There will be two opportunities to take long trades before price begins to look for sell side liquidity and short imbalances to fill. Without a narrative to any trade set up you are blind trading. Your why must always be deeper than just structure. Never Over leverage. Trust your trade set up. Have fun! I AM Pro Trading Made Simple
by Master-Jedi-Trader
Bitcoin - Will BTC See $10K By The End Of This Bear Cycle?Hello traders, here is my analysis for BTCUSD. Without a doubt these market conditions are extremely difficult not only from a trade execution perspective but also from a mental perspective. - You have to stay strong and take each day as an opportunity to learn and grow as a trader. BTC Makes History - BTC hit the lowest level in it's history on the weekly RSI. What does this mean? - Basically it means BTC is extremely oversold and is overdue for a bounce. Where could BTC end up by the end of this Bear cycle? - One of the first posts that i made stated that BTC could hit $20K by the end of the cycle and possibly lower.... - I wasn't expecting BTC to hit this level as quick as it did. - Being as we are still early in on the bear cycle, this tells me that BTC still has much further downside to go. - So here are the levels I think BTC will hit. 1) $20K - High Probability 2) $12K - High Probability 3) $10K - Medium Probability 4) Below $10K - Low probability I think BTC will most likely hit $12K by the end of the bear cycle ad possibly even $10K. - In my opinion there is a low probability of price trading below $10K but it's very possibly given the current economic conditions. - Keep this in mind... This is the worst economy in the USA in over 40 years. - Meaning since Bitcoin's inception, this is the worst economy it has ever faced by far. - We don't know what kind of effect that will have on BTC after all is said and done, so don't under estimate how low BTC can go. Hang in there and don't give up. I've seen thousands of retail traders throwing in the towel, you have to stay strong and be patient. This is what separates the winners from the losers, if you can make it through the worst bear cycle in the history of crypto you can make it through anything in the future. Eventually this will end and BTC will probably have the best rally in its history after this bear cycle is over and it hits the $12K low or whatever it will be. Thanks everyone and best of luck trading!
by natef1
4
Ethereum Breaking Down? Major Support Broken - Next Level?Hello traders, here is my analysis for ETHUSD. - If you read my post yesterday, I mentioned that today was a very important day for the markets being as the CPI data was scheduled to be released today. - This morning we got that data... it was not good news for the markets. - Basically inflation increased and was worse than expected. BTC held up very well considering the massive sell off in the stock market. - However ETH did not fare so well. - As you can see ETH had a large sell off today, breaking below the major support level at $1,700. **The reason that this level is significant is because it is a major support level last hit in 2021. - This is not a surprise, ETH has been looking weak for several weeks now compared to most other top 20 cryptos. Here are the Levels and Signals to watch for... What's next for ETH? 1) I do not officially consider this a breakdown until price CONFIRMS below the $1,700 major support level. 2) If price confirms below, the breakdown is official and ETH will most likely continue lower down to the next support at $1,550. 3) If price does not confirm below and instead breaks back above the $1,700 support level, the Major support level is still intact. Note** We are heading into a weekend. Most likely volume will be light however be prepared for Monday when the stock market re-opens. - Will the stock market continue to sell off? Or will it stabilize eventually giving us a relief rally which will give BTC the chance to finally breakout? Thanks everyone and best of luck trading!
by natef1
ADA Trade SetupIt's awesome right, from past few hours market moving pretty upside !! Hey Welcome back - I have something to say First let me start with overbought condition, after good rally most of the crypto's are reflecting overbought conditions. How bad it is ? Let's just say for short term may be it's better if we look for shorts and so MACD added much more confirmation to those overbought conditions, Not only me no one knows how far this trend change will go but one thing for in trading we need to focus each and every key price points, no one knows when market sentiment gonna change. So my advice is stop predicting start reading the market. THIS IS MY ADA TRADE SETUP : Entry Range : 0.6581 - 0.6470 Target : 0.6192 Stop Loss : 0.6707 Note : My trade conditions hasn't triggered yet even it's in my entry range, I'll update when the conditions triggered in update section. Disclaimer : Anything provided here is not a financial advice.
Short
by Livermore_Jr
Matic Trade Setup - Bullish Formation Ready To Breakout?Hello traders, here is a trade setup for MATICUSD. Matic is looking Bullish and may be setting up for a breakout and continuation to the target levels. - Price has been trading in a Bullish consolidation formation - Price has traded between the parallel channel and recently has been trending near the top. ** Be prepared for a breakout** - Ideally you should wait for a breakout and retest of the prior high before you enter the trade. - Aggressive traders can enter now if they are willing to take the risks. ** Tomorrow the CPI data will be released. If the news is positive Matic will most likely breakout and rally so keep a close eye on price action tomorrow. ** Thanks everyone and best of luck trading!
MLong
by natef1
2