CASINO'S REMEMBER LOSSES AND GAMBLERS REMEMBER WINSHave you ever heard the saying that the casino complains about their losing days and every gambler brags about their big wins?
Well the same thing applies to traders. Diligent traders remember their big losses rather than their wins, where losing traders remember their big wins.
Sticking to consistent small gains over time rather than targeting huge wins is a staple of every great trader.
Tradingtips
🔋 Live to trade another day 🔋As the weekend has come we have lost many fellow traders in the days that have passed and we will lose many more in the next week and the week after that... but if they only knew the basic principles of what this video goes over, they (their accounts) would still be here with us!
Our mission is to help other traders become successful and in an effort to achieve our goals we come up with simple yet effective tips and tricks on achieving our goals, by helping you achieve your goals!
This video goes over some ideas and tips on how you can survive as a trader, the tips we go over are:
LIVE TO TRADE ANOTHER DAY:
- Use position sizing
- Have a definite exit area
- Prepare properly before starting to trade
- Review your trades daily or weekly (always seek improvement)
- Always follow your process & system
- Don't listen to others, find your own trades daily
- Cut your losers when the market tells you the trade is done, you
can always re-enter
We hope this video helps you achieve consistency! If you like it check out the other related videos on our channel!
Happy Weekend Traders!
The cicles of the volume peaks for intraday trading GOLDThese are the most volume supported price action times, which give a clear direction and positioning of big traders that move the markets. Between 14hrs and 15hrs (UTC+1) there is a high volume entry.
Entrys must be done before that time or during the entry of volume , which is a gradual process until it reaches the highest point of the peak. That understanding of the movement and the pattern of human behavior behind is one of the most important aspects of technical analysis and must be mastered.
GBP/USD Good Buy Or God Sell?Currently GBP/USD has been following a wave pattern. This could be a potential break of the structure. This is going to go either 2 ways. Number 1: It could continue on a downtrend and go down in waves to where the initial waves started around 1.37751, OR it could possibly go for a fourth rejection to about 1.39915 to the top of the initial wave.
Let me know what you think!
Dealing with "failure" in your trading 😎Failure in trading is frequent, yet for some it is permanent and for the few it is temporary, the choice is always yours!
In this video we go over our advice on how you should deal with failure so you can keep it as a learning experience and grow and develop as a trader!
If you're having challenges in your trading and cant seem to find solutions to them just send us a DM and we'll do our outmost to help you overcome them and find solutions to your "trading problems' :)
Have a great day!
POLKADOT ECOSYSTEM WHAT'S WRONG?Goooooooooodmorning Folks,
As I am a believer in the Polkadot ecosystem and I have positions in this beautiful asset I will give my opinion here on the USDT chart.
What I see on the Daily chart for the price coming closer to resistance is not how you would like to see the price action fighting resistance..
Small real bodies with wicks on both sides not with a lot of volume.. As yet prices rise that is positive but yet we have to be aware..
So I always look closer in to the 4 hour chart. Because I have the personal feeling of this chart giving me more information about short term/longer term trends.
i.e of hours among day...
What I see on the 4 hour chart is the uptrend line being test several times.. and it holds the test. also with determination in the sense of this long lower shadows imply for rejecting of lower prices.
That is positive. We clearly making us self ready to fight resistance level again. It has failed to penetrate it 2 times earlier.
If we break resistance next price level will be around $16.50.- to test that level. If we don't break resistance there is a likelihood for prices to fall back to $14/$13.5.-
If that doesn't hold we fall back even lower to price level around $13.-
But be positive because the overall trend last days is up and you know the trend is your friend LOL.
Battle between life and death!! Gooooooooodmorning Folks,
Greetings from Amsterdam.. Woke up this morning opening Tradingview and got my mind blow up with all these GREEN numbers on crypto..
Everybody happy again.. Control your emotions these days and try to look critical to the charts as you always do and really ask yourself what you see while looking at the charts.
Well yesterday I posted my idea on Sandbox/USDT.. With a possible retracement of 30%.
Well the battle is on..
Personally I like the 4 hour chart. Because I have the idea it gives me more insight than a daily chart (how the battle is fought throughout the day) and less rumor than 1 or 2 hour chart.
At the first top I see a Dark cloud cover pattern (the big white and half black candle) this is bearish.. Price fell back to 1st support line.
Than
Price rallied back up because of the Bullish Engulfing pattern.. BUT immediately you see a big black candle rejecting higher prices.. And then the BEARISH ENGULFING PATTERN sets in.
and now we are fighting 2nd support line.
Personally my feeling says support line will not hold seeing all those bearish signals.
For example look at those high shadows on every candle even the white ones.. that is not positive..
Every bullish signal is followed by a bearish signal.. That is not positive.
But hé I can be wrong because you don't know after it has happened.. But the signals are turning more bearish than bullish.
So watch out.. if you have a position in Sandbox maybe you can cut down on the position, or use trailing stop order..
Quote of the day;
No one is born a great trader. One learns by trading.
Dogecoin resists to fight and falls back? Hi Folks,
This is the price of Dogecoin after the tweet of Elon Musk on Twitter. Has his manipulation of prices stopped working???
Well definitely you don't want to see prices fight resistance like Doge is doing now. Small candles, small bodies and long wicks. that says indecision. Market has lost direction. So it can go either way.
But if you look closely, 4 hour chart, you see the resistance line has been tested 4 times earlier BLUE FLAGS and has got rejected 4 times earlier.
So what does this tell you about the psychology of the market??? Do the math!.
It still can go either way but the chart tell us that the chance of going downwards is greater than going up.
But hey we only need one trader some where In the world that push prices higher in an instant.
What do you think gonna happen ???
Leave a comment below and like if you like the idea and the way I view the charts..
Follow for more to come!
Sandbox 30% retracement WATCH OUTHi Folks,
As I have learned a lot lately one thing always crabs my mind in how special it really is.. The symmetricals in Technical Analysis and what happened in the past often re-happens in the future..
So If you want to know what the future may hold look back in the past..
With this lesson in mind I reviewed The Sandbox/USDT pair.. I am very interested in buying (as I missed the early opportunity).. I now wait for a nice price to step in..
The price has already retraced many times before and that is normal.. Do you know that a normal % of retracement/correction lays between 33-66 % of the price that rallied..
Thereby we see some HIGH WAVE candles forming at the top..
You see the pink rectangle area where I expect the price to drop to. It can even go lower or maybe it will stop just above the rectangle area. At least that's is the price target..
Like the content and follow for more to come..
Together we can become better traders.
BTC Going down or Breakout??!!! UPDATEHi Folks,
As Bitcoin is still the main currency in the crypto and the most dominant it really pays of to watch in to the charts daily..
Because when the Whale eats the little fish eat to (Altcoins)...
In the 4 hour chart we see Bitcoin coming to a nice resistance level.. Watch how the Bitcoin has rallied earlier resistance and support levels.. That is nice..
On 23 July we see a Hammer followed by a Long Maribozu White Candle.. That is extreme Bullish!
As I have learned from master Steve Nison is that after a Bullish Engulfing pattern the long white candle becomes support..
As you can see it on the head/middle and the low of the Maribozu white candle..
You see the support levels if the price doesn't break through resistance... If it breaks through resistance we are clear to hitting the 35K again..
Thereby the RSI is at an overbought situation.. That is to be cautious but if an asset is in an strong uptrend.. the oscillator can be overbought for quite some time..
I personally expect price to fall back to support level 1 to gain momentum again and try to fight resistance level...
Zilliqa one of my FAVORITE crypto.. HI Folks,
As you know I really love and enjoy spending my time doing Technical Analysis on Crypto and soon on Forex...
It really has become my passion.. And YES even when I lose. I started trading in the midst of the Bull Run of early 2021 so everything I bought turned in to Gold..
And then BOOM.. Lost almost everything.. A lot of people become disappointed and leave the markets and say hell no this ain't for me..
I was like damn How cool is though, imagine if I become a master in reading the Technicals and charts.. What is possible then?
So I started reading books and blogs and started following these youtubers (a lot are crap) and most important I started to work on my mindset/psychology.
The money is secondary in this journey I really focus on becoming a master in adapting and absorbing all these knowledge and trying to provide value..
So here I am on the 4 hour Zilliqa/USDT chart.
What I personally do is I start reading the Week chart and then the daily chart and then the 4 hour chart...
Weekly chart is forming a Hammer in a low price area with the RSI around 40... That is BULLISH..
Daily chart has a bullish breakout out of a resistance zone with the RSI around 43.. That is BULLISH..
4 hour chart is showing a decline in momentum... The price has rejected the middle of the earlier black candle of 16 July.
Advice; After a bearish engulfing pattern the black candle becomes resistance.. example. The middle of the candle is resistance 1. The LOW of the candle is resistance 2. and the LOWEST point of the pattern is 3rd resistance. With a Bullish breakout it works out the other way.. (STEVE NISON)
+
The high wave candles making up the price is not so bullish is not how we want to see the price fight resistance..
There is a high possibility for the price to fall back to the described support areas.
Please like the content and follow for more to come..
THETA/USDT DON'T MISS THE TRAIN BREAKOUTGoodmorning Folks,
NFT's going strong lately so will THETA be.. I have done my due diligence on THETA and appreciate what they stand for and what they do and want to achieve.
I strongly recommend reading about it and do some research on.
On the daily chart we have a Bullish breakout confirmation because price closed above the open price of the black candle..
The price is available in a low price area, bullish breakout is confirmed, RSI around 40 and price fluctuating at the down range of the Bollinger Bands.
If you wanna make a strategized trade this is the time..
See the chart for support levels en price target level..
Quote of the day;
Let the market be your guide.
Like the content if you like and follow for more to come!
Time to step in.. Polkadot/USDTHi Folks,
I always say when you take a position in a trade and you know why you took that position than it is a good trade. Even if it works out the other way.
That is always a probability..
On the daily chart Polkadot/USDT is very bullish.... The Bullish Engulfing pattern has been confirmed strongly in a low price area..
The RSI is around 40/42.. and the price is moving on the downside of the Bollinger Bands.
These 3 indicators and price action confirms it is time to get in at the trade as I did at $13.18.-
Target price is at $17.00.-/$17.50.-
1st support is at the half of the Engulfing pattern (Steve Nison Techniques)
2nd support at the low of the Engulfing pattern
3rd support also critical support is at the end of the shadow of the black candle
Happy trade.. and remember even if the technicals are all pointing your way it still can go the other way. That's trading..
XRP going DOWN. Be cautious.... Hi Folks,
As trading is doing a lot of research I have stepped in to candlestick trading combined with western technical analysing tools. I find this really satisfying.
You can see for example the Bearish Engulfing pattern in this XRP/USDT chart how reliable it acts. Where I put the blue flags are CONFIRMED Bearish Engulfing patterns.
Be aware of the recent candle how it will form itself. there is still a high possibility becoming a bearish engulfing pattern and I will bet my money for more downwards action.
When you look at the RSI indicator you see rising highs but the price is declining... that means DIVERGENCE... be cautious that is a sign of a possible reversal combine it with the candles ..... ;)
That doesn't mean that it will DEFINITELY go down.. no. it is wrong until proven guilty.. but there is a good chance/high probability.
1st support level around $0.55000/$0.55500.- if it doesn't hold $0.54000/$0.54500.- if this level breaks we can go down in to the marked zone (somewhere in that whole range).
If these levels hold resistance is at $0.59/$0.60....
I am interested in buying when it hits the 1st support.. because then I have a risk reward of 1 to 4.. I like that..
Hit the like if you like it and follow for more action to come..
Together we can become rich!
Twitter; @MoneyMakingMuro
DON'T BUY DOGECOIN!!Hi Folks,
Don't buy in to Dogecoin purely on the Technicals....
When looking at a daily candlestick chart you see a Bullish Engulfing pattern. That is bullish and nice. But that is representation bias....
When you scroll down in to the 4 hour candlestick chart we see divergence.....
We see a Bearish Engulfing pattern and the candles after the Bearish Engulfing are High Wave candles.. Telling us the market has lost direction and the price is losing momentum.
The volume is declining.
WHAT TO DO KNOW?
Wait. as hard as it can be. just wait for the bulls to prove that they are in control and take over price. price must close around $0.22000/$0.22500.-
But I expect decline to the underneath given prices..
And Dogecoin will have my interest around these levels to buy in..
High probability price will move back to 1st support level around $0.17500/$0.18000.-
If it doesn't hold it probably move back to $0.16500/$0.17000.-
And if that level doesn't hold it probably will move back to $0.15500/$0.16000.-
Testing support at that level again.
Bitcoin falling down or will it hold?? Hi Folks,
The daily chart of the BTC/USDT asset shows a beautiful Bullish Engulfing pattern. That is nice. That is bullish.
But when we dig in deeper, 4 hour, chart we see bitcoin struggling in the form of forming high wave candles (long shadows).
What I have learned is not to buy in after a bullish engulfing pattern like I did in the past and cost me lot of money.
I use the pattern as potentially support area. 1st support area is at the half of the white body. The 2nd is at the low of the body. The 3rd is at the lowest point of the session (white candle).
And I use the highest high of the session as a potentially resistance area for future prices.
Wait for the Bullish Engulfing to be confirmed to buy in. I put a blue flag at the Price that will confirm a bullish breakout.
Or wait for the price to decline to one of these named support levels for buying opportunities.
Like for more to come, follow for more!!
Twitter; @MoneyMakingMuro
Quote of the day;
The hard work in trading comes in the preparation.
2 hour THETA/USDT critical pointsHi Folks,
THETA TOKEN a nice NFT.
There are is some divergence. I tell you why.
When you look at a daily chart you see a Bullish Engulfing pattern. That is Nice.
When you look at the 4 hour chart you see a Bearish Engulfing pattern.
When you look at the 2 hour chart you see a confirmed spinning top at a high price area.
The price of $4.21.- it acts on now is 2nd support line. If it breaks beneath it will fall back around $4.- if that doesn't sustain we fall back to $3.5.-/$3.65.-
But if the support holds and prices move up we will test resistance around $4.5.-/$4.6.-
Have a good one.
Like for more to come, follow for more.
Twitter; @MoneyMakingMuro
A way to become a BETTER trader!Hey all! In this video we go over a basic process that we apply which has helped us become better day traders and we are 100% sure if you follow suite you too can become a better trader!
If you enjoyed the video and found any value in it, we invite you to give us a like and commnet!
Thank you!
Trading tips for NEW Traders or FAILING onesHey hey traders!
Its been a wild and pip moving day in all markets, from Forex all the way to stocks and everything in between!
In this video we go over a little bit of information that can help new traders and traders who have not had the best of luck in their trading!
We hope the video helps and we'll see you in the next one!