Trend
BTC% dominance When is the pump season? The Dragon. ABCD PatternOn the% chart, bitcoin prevails in the cryptocurrency market. I followed a little over a year. All the key movements during this time I predicted. This percentage of bitcoin dominance is very much related to the transfer of altcoins.
Each minor correction and decline in dominance is accompanied by a shot on average 30-50% of altcoins. Some overt fraudulent altcoins with little market capitalization will then be pumped up by a larger percentage. But most continue to "die further."
Therefore, it is very important to use this period in your trade. You also need to work with those altcoins in which there is a “presence” of a major player.
The principle of using BTC% dominance is that the higher the dominance, the greater the “cry of altcoins”. This dominance chart can be used as an indicator for the rise / fall of altcoins.
The real long-awaited long-awaited “altcoin pumping season” will begin only when the bitcoin dominance% is below 62-63%, and there is a clear downward movement, the beginning of which we have after the arrival of the rising wedge.
An increase in dominance above 72-73% will mean the death of the not yet completely “dead altcoins” (complete surrender of the altcoin market).
According to the trading chart of bitcoin dominance. There was an upward wedge (bearish formation) that was broken. Now the Dragon figure is formed, or rather, the target tail of this pattern. The downtrend line (Dragon Ridge) has been broken, now the dominance of% BTC is above it.
It is worth noting that after 3 days, BTC is divided in half. If in the future we will see the development of all target zones of the “Dragon tail”, then the high probability of the formation of a harmonious pattern AB = CD (part of the ascending channel). I showed important pivot zones on the chart.
My past idea is about this analysis tool.
When is the season for altcoin pumps? BTC dominance July 23, 2019.
Soon pump season altcoins? Head and shoulders. Inverted Dragon. Nov 16, 2019
Bitcoin dominance Formation of an ascending wedge before halving Jan 8 2020
Comparison of trends. BTC domination - halving + LTC - halving. Jan 8 2020
Breakdown of the support of the rising wedge. February 6, 2020
The situation is now. As we see, after breaking through the support of the rising wedge, the% dominance began to fall and moved from the rising to a pronounced lateral movement.
About the figure of the Dragon. Read in this training idea:
Dragon figure. Formation. Structure. Target.
here is my trading idea with the potential formation of a dragon figure. Coin BLZ
BLZ (Bluzelle) Dragon. Potential. Channel work 45%
Full take of the target area of the tail of the Dragon + 80%
In this tutorial, you can read about the AB = CD pattern.
Which could potentially form if all of the target areas of the Dragon's tail are taken.
TRAINING + WORK Harmonious drawing ABCD + "Three movements" BAT
Notice how the price behaved on this trading idea.
The downward movement continued, but the support was not confirmed, but made its way.
Therefore, there was no entry point.
It is desirable that this occur in% of BTC dominance. I think the desire is clear. Remember, here the opposite situation is an expression of a downtrend, the better for us. How it will revitalize the altcoin market.
Trading is not an easy path to easy money. It is open to all, but not all of it will pass ..
AUDUSD ALEXANDER ELDER 3 SCREEN TRADING STRATEGY
As the name of the Elder trading system suggests there are three “screens” that we apply to every trade. The three screens used by Alex Elder can be summarized as follows:
First Screen used for establishing a trading bias.
The second Screen applies technical indicators to identify retracements against the trading bias established earlier.
The third Screen is used for timing your entries using short-term breakouts in the direction of your trading bias.
As you can probably tell, the Alex Elder trading rules involve the use of multi-timeframe analysis.
The first screen starts with higher degree time frames and subsequently we downgrade our time frames lower as we progress with the 3 screens.
In total, trading Alexander Elder system involves using three different time frames:
The long-term trend – Alex Elder calls this as being the tide
The medium-term trend – this trend is also known as the wave
The short-term trend – it’s also referred to as the ripple
Elder Trading System – First Screen
According to Dr. Alexander Elder’s rules, the first screen starts with a time frame bigger than the time frame you’re looking to trade.
For example, if your preferred time frame is the daily chart, you first start by looking at higher time frames like the weekly chart. This is the chart where you’re going to apply the trend-following indicators to establish your bias.
If the trend is up, we only look for buy signals. Inversely, if the trend is down, we only look for sell signals. By going through this process, we can filter out trades against the primary trend.
Elder Trading System – Second Screen
Dr. Elder trading rules recommend downgrading our time frame lower. If during the First Screen we used the weekly chart, the next lower time frame we can use is the daily chart. Now, we look for price movements against the tide.
In other words, we’re waiting for pullbacks or what Elder system calls the “wave”.
Learn the most profitable approach to profit from pullbacks HERE.
This in return will help us spot good times to execute your trades. The Elder trading system uses oscillators to identify these price movements against the tide.
For example, if the weekly tide is up, then we’re looking for the oscillator to identify when the wave is down and that’s when we buy. On the other hand, if the weekly tide is down, then we’re looking for the oscillator to identify when the wave is up and that’s when we sell.
Elder Trading System – Third Screen
The Elder trading system refers to the third screen as the execution screen. Or, in other words, this time frame is used for better timing our entries.
We have to downgrade our time frame lower.
The next in order time frame is the 4h chart.
When the trend on the third screen aligns with the trend of the first screen that’s the optimal trade entry. To time your trades, Alexander Elder uses a trailing stop in order to seize small breakout in the direction of the main trend.
Basically, that’s what the Elder system is all about.
Dr. Alexander Elder Rules on how to Use Multiple Time Frame Analysis
The Alexander Elder trading strategy uses a technique to balance out the different information that comes from looking at different time frames.
The Elder’s technique involves using a factor of four to six to classify his time frames.
Let me explain…
Alexander Elder factor of 4 to 6 can help us divide our charts into smaller units of 4, 5, or 6.
The way to go about it is to first select your larger time frame (first screen) and then downgrade the charts lower by a factor of 4, 5, or 6.
For example, if your first screen is the daily chart and we downgrade our time frame by a factor of 6, the next time frame would be the 4-hour chart.
Four multiplied by 6, it gives us 24-hours, which is a day.
Using a factor of 4 will require us to downgrade our charts to the 8-hours time frame.
Now, to find your execution screen aka the third screen, we have to downgrade our time frames lower one more time. If we used a factor of 4, the next down in line time frame is the 1-hour chart.
So, the 1-hour time frame is our third screen.
Note* if after downgrading the charts, the exact time frame doesn’t exist, then as a general rule the closest one is used.
This is the method used by Dr. Alexander Elder to select his time frames.
Long Range - 1st screen Weekly - 2nd screen Daily - 3rd screen 4H
Mid Range - 1st screen Daily - 2nd screen 4H - 3rd screen 1H
Short Range - 1st screen 4H - 2nd screen 1H - 3rd screen 15m
When to buy using the Alexander Elder Trading Strategy
According to Alex Elder trading rules, the best moment to buy is when an uptrend has undergone a pullback and has started to resume the bullish trend.
For this example, we’re going to use as the first screen the 4H chart.
So, the 4H chart is used to determine the long-term trend. And, for this purpose, the 200-day moving average, which is the standard measurement of bullish and bearish trends, will be our trend filter.
Check if the price is trading above the 200-day moving average to confirm the uptrend.
The next step is to downgrade our time frame to the second screen.
If the first screen used the daily chart, the next in line time frame is the 4-hour chart.
The middle time frame is going to be used to spot corrections against the bullish trend.
For this purpose, we’re going to use the MACD indicator applied to the 4-hour time frame.
We wait for the MACD lines to rise from the oversold condition and the moving average slops have turned upwards again.
Note* Dr. Alexander Elder recommends to use the Force index or another momentum oscillator to add more confluence.
The next step is to downgrade our time frame to the third screen.
If on the second screen we used the 4-hour time frame, the next in line time frame is the 1-hour chart.
The short-term time frame is going to be used to time the market.
However, since Alexander Elder doesn’t provide rigid rules for entry and exit, it’s time to reveal the Ace from our sleeve. For timing the market with great result, we’re going to use the Know Sure Thing indicator.
On the 15m time frame, we wait for the Know Sure Thing oscillator to cross above the zero lines to trigger a buy signal. The KST indicator is great because it also signals burst in momentum.
What does it mean for your trade?
Simply, you get the chance for your trade to show a profit right from the start.
Note* for sell signals the same trading rules can be applied but in reverse.
Final words – Alexander Elder Trading System
The Alexander Elder trading strategy can be used as a building block for your own trading strategy. The Elder trading system has the advantage of using multi time frame analysis to verify the market trend in several degrees.
According to Dr. Alexander Elder, the single most important factor that will dictate your profitability is the quality of the records that you keep. We succeed in some trades and make mistakes in others. However, we can only improve our trading strategy only if we learn from both winning and losing trades.
And, that’s why Dr. Elder believes that journaling is an absolute must as it makes you into your own teacher.
Blue FX Strategy vs. Technical AnalysisA video demonstrating that if your Technical analysis is accurate our strategy will catch the move anyway.
However, more times than not - it can hold you back and create barriers that may not exist.
Please have a watch and see what you think.
Regards
Darren
High time frame review and how to use the Strategy TesterHi All
Here we demonstrate the effectiveness again of the H4 timeframe - and also the Daily TF.
We also explain the 'Strategy Tester' Function - something that we are now working on for V3 based on ATR settings for SL and TP targets.
Regards
Darren
3 Simple Tricks to Recover from a Drawdown like a Pro3 Simple Tricks to Recover from a Drawdown like a Pro.
In our private client area, we often talk about the importance of understanding drawdowns.
The first step in dealing with drawdowns is to acquire the right mindset that is conducive to trading.
Do you want to learn how to live through the daily drawdown that is almost inevitable and all traders must go through?
Statistics have shown that the majority of your life trading career will be spent in drawdowns.
If you spend so much time in a drawdown, it’s important to learn how to recover from drawdowns.
With that said, here are 3 trading tips you should use to help you recover from drawdowns:
#1 Know the Maximum Drawdown of Your Trading Strategy
Through effective backtesting methods, you can actually discover the maximum DD of your trading strategy.
This will mentally prepare you for them.
If a trader learns how to develop an awareness of what will happen to his account during a drawdown period, you’ll have the mental capacity to cope with the drawdown and stick with your trading strategy through these tough times.
That’s assuming you have a profitable strategy.
If you can’t learn to master this discipline, then you’re better off to stick to algorithmic trading and let the robot do the job for you.
Automation will often eliminate counterproductive emotional decisions.
#2 Cut Back Your Position Size
Another thing you can do to cope with the painful reality of drawdowns is to risk per trade or the position size. Contrary to the popular belief that teaches you to increase your risk, so you can accelerate the recovery process, that type of behavior is very destructive for your account balance.
Aggressive pyramiding to escape a drawdown is even worse.
Take for example, how legendary trader Richard Denis thought the Turtles to handle drawdowns.
When drawdowns occurred, they would reduce the trading size from 2% down to 1.6%. They would continue to cut back their position size if the DD was extending.
This preventive action is for self-preservation of your capital.
Learn it, and use it in your favor.
#3 Increase your Risk-Reward Ratio
A positive and big risk to reward ratio is part of every successful trading system.
To escape a drawdown faster you need to learn how to increase your risk and reward ratio.
One of the most effective methods to improve your RR ratio is to perfect your entry strategy.
By having a better market timing you can keep your stop-loss very tight, thus further limiting your losses.
With a RR ratio of 1:3, you can escape a drawdown period pretty fast even if your win rate is still somehow very low.
If you can make a pact with yourself and not flinch in the face of adversity when your risk tolerance is reached your daily mental battle is half won.
Final Words – Drawdown in Forex Trading
In summary, drawdown forex is the most important risk metric because DD can make you switch your trading strategy if you have too many consecutive losses or if our losses last for too long. Forex drawdown can literally kill your account if you don’t know how to recover from a drawdown trading period. The only way you’ll never experience a drawdown is if you stop trading. You need to accept the reality that the drawdown in forex trading is inevitable
There is no such thing as risk-free returns. You need to work smart not only to make profits but to also keep those profits. With that said, you only need to keep in mind these three drawdown trading rules, if you want to manage DD like a pro:
Know your historical max DD
Cut back your trading size
Increase your RR ratio
Thank you for reading!
How to find the trend? Simple and profitable analysis for middle term.
Used instruments:
Fibonacci
Trendlines
Horisonal Lines
Comments
Patterns:
Triangule
EDUCATION + WORK Harmonious pattern ABCD + "Three movements" BATI wrote a series of articles on harmonious patterns. On the coin, which I trade from time to time for about two years, a harmonious ABCD pattern is now formed. I decided to publish the information here on the site. I combined a teaching idea with a trading one. Immediately I showed the options for working on a coin, so as not to spam trading ideas and spend time on it. Below I will describe in detail. First, on working on the tool, and then below I will give a little training material. I’ll cut the text as much as possible, as I understand that people don’t want to read a lot of text, for some people this is an overwhelming task)))).
On the chart itself, I showed potential movements depending on the retention / breakout of local support / resistance levels.
______________________________
1 work option.
The price has almost reached point D, which could become a potential pivot point in this local movement.
ABCD is nothing more than part of the movement in the channel. Channel width 100%. Therefore, in case of confirmation of point D and a price reversal, the potential first profit is + 100%. If this happens, then the ABCD pattern is reorganized into a harmonious pattern of "Three movements." I have shown the areas of potential reversal and observation on this chart.
2 option work.
A variant of work if the ABCD pattern is not confirmed and point D does not become a price reversal zone. The formation of a triple bottom. Pivoting bullish shape.
The downward stopping zone I showed on the chart. I doubt that it will be pierced, how this will ruin the canvas for the work of the "artist" in the future.
To an important zone of resistance and confirmation of this figure + 100%
Full working out of the figure triple bottom + 300%.
Option 3 (unlikely)
If the price breaks through the support zone (green area) and is fixed in a downward movement below it. Then you should forget about trading this cryptocurrency and "turn gray on the fence" until a good entry point appears. But even in such a situation, when they will do a "trick", you can partially take the movement + 40%.
Note that in any movement options with the correct entry points (reversal zones), the risk is minimal, the profit is maximum, both locally in movements, and is possible when the trend develops and in the global one.
____________________________________
The previous trading idea for this coin in this pair, which gave + 40%.
Actually now, as in the global price forms a symmetrical triangle , this downward movement is nothing more than a pullback after breaking the triangle up.
The result after a while + 40%.
The same coin is only a trade for bitcoin .
BAT / BTC Fractal 2019. History repeats itself. Potential + 180%
And the result is + 40% and now rollback.
Notice, everything goes according to the fractal plan.
___________________________________________________________________________
LEARNING MATERIAL on the theme of harmonious patterns ABCD and "Three movements".
1) ABCD pattern .
This is the simplest version of a harmonious pattern. Nevertheless, the figure is an important brick on the way to understanding the principles of constructing harmonic figures and, moreover, is part of most of them.
ABCD is a reversal pattern foreshadowing a change in market trends. That is, the figure helps to predict when the price ends the growth and prepares to fall, or vice versa, completes the fall and prepares for growth. A key feature of the pattern is the symmetry of the AB and CD knees.
The figure begins with a rise or fall in price on the segment AB. The BC segment is usually a sharp correction, the size of which should fit in 38.2% - 88.6% of AB. Ideally, the size of the correction should be from 61.8% to 78.6%.
At point C, the price reverses and continues to move parallel to segment AB. In this case, point D should be in the range of 113% - 261.8% of the knee BC .
The main rule is to observe the symmetry of the pattern. Ideally, the length of the elbow CD should be fully consistent with the length AB. That is, it means matching both in time and in price.
Rules for trading a pattern:
1) The length AB should correspond to the length of the CD.
2) The time it took for the price to go from point A to B should be similar to the time from C to D.
This harmonious ABCD pattern has two varieties:
1) Bearish pattern .
2) Bullish pattern .
Bearish ABCD pattern gives a sell signal.
Bullish pattern ABCD gives a buy signal.
TNT / USD 1 day. Harmonious bearish pattern ABCD .
ETH / USD 1 day. Harmonious bullish ABCD pattern.
In real trading on the market, there are a variety of variations of this pattern. But, it’s a good rule to observe the corresponding sizes of AB and CD corrections, since it is much more difficult to trade an asymmetric pattern. Asymmetric, incomprehensible patterns are better to skip.
If I trade such formations, then without a Fibonacci grid, I do not need it. I already see what she has to show. In most cases, this is a working analysis tool and at the beginning of your analysis you should use a Fibonacci grid.
In trading these formations, I use strong support / resistance levels, the symmetry of this formation and healthy logic in the calculations. Tradingview has a template for this harmonious ABCD pattern and the "three movements" pattern. This simplifies the work and makes it possible to quickly search for this formation on the chart.
______________________________________
2) Model of the pattern "Three movements".
The Three Movement model is a fairly well-known pattern. Its analogues can be found in wave analysis (diagonal triangle) and the book of Linda Raschke (three Indians). It is very reminiscent of ABCD , as if a continuation of this formation. This is a price movement in an upward or downward channel . In the framework of harmonious trading, we consider this model taking into account the Fibonacci ratios.
In the classic version of the "Three Movements" pattern, it is provided that movements 2 and 3 complete on projections 1.27 or 1.618. Correction of movements 1 and 2 - at the levels of 0.618 or 0.786. In the real market, models with ideal proportions are quite rare. Therefore, if you want to really earn money, get used to the fact that book "idealized" patterns in the real market are very rare. You need to be able to trade what is, and not what you want.
This model has a greater predictive property if it is in the expected end of the trend. Typically, the formation of the “Three Movements” is a signal that the market already does not have enough strength to continue the trend and perhaps the beginning of at least a correction.
This harmonious Three Movement pattern has two varieties:
1) Bearish pattern .
2) Bullish pattern .
LTC / USD 1 day. Harmonious bearish pattern "Three movements" ( ascending channel ).
In the example, we see that the upward trend price has broken, which triggered a trend reversal.
ETH / USD 1 day. Harmonious bullish pattern "Three movements" ( downward channel ).
As we see, the next correction wave reached the resistance line of the downward channel . The target is taken.
Learn to “predict” a more likely future. Always have different options for your work in a given situation. Work according to the basic plan, based on the situation that is being implemented.
In order to trade in a market in which the deposits of most traders are destroyed, you must have vast experience, and be a whole head taller for the rest.
EDUCATION + WORK Harmonious pattern ABCD + "Three movements" BATI wrote a series of articles on harmonious patterns. On the coin, which I trade from time to time for about two years, a harmonious ABCD pattern is now formed. I decided to publish the information here on the site. I combined a teaching idea with a trading one. Immediately I showed the options for working on a coin, so as not to spam trading ideas and spend time on it. Below I will describe in detail. First, on working on the tool, and then below I will give a little training material. I’ll cut the text as much as possible, as I understand that people don’t want to read a lot of text, for some people this is an overwhelming task)))).
On the chart itself, I showed potential movements depending on the retention / breakout of local support / resistance levels.
______________________________
1 work option.
The price has almost reached point D, which could become a potential pivot point in this local movement.
ABCD is nothing more than part of the movement in the channel. Channel width 100%. Therefore, in case of confirmation of point D and a price reversal, the potential first profit is + 100%. If this happens, then the ABCD pattern is reorganized into a harmonious pattern of "Three movements." I have shown the areas of potential reversal and observation on this chart.
2 option work.
A variant of work if the ABCD pattern is not confirmed and point D does not become a price reversal zone. The formation of a triple bottom. Pivoting bullish shape.
The downward stopping zone I showed on the chart. I doubt that it will be pierced, how this will ruin the canvas for the work of the "artist" in the future.
To an important zone of resistance and confirmation of this figure + 100%
Full working out of the figure triple bottom + 300%.
Option 3 (unlikely)
If the price breaks through the support zone (green area) and is fixed in a downward movement below it. Then you should forget about trading this cryptocurrency and "turn gray on the fence" until a good entry point appears. But even in such a situation, when they will do a "trick", you can partially take the movement + 40%.
Note that in any movement options with the correct entry points (reversal zones), the risk is minimal, the profit is maximum, both locally in movements, and is possible when the trend develops and in the global one.
____________________________________
The previous trading idea for this coin in this pair, which gave + 40%.
Actually now, as in the global price forms a symmetrical triangle , this downward movement is nothing more than a pullback after breaking the triangle up.
The result after a while + 40%.
The same coin is only a trade for bitcoin.
BAT / BTC Fractal 2019. History repeats itself. Potential + 180%
And the result is + 40% and now rollback.
Notice, everything goes according to the fractal plan.
___________________________________________________________________________
LEARNING MATERIAL on the theme of harmonious patterns ABCD and "Three movements".
1) ABCD pattern.
This is the simplest version of a harmonious pattern. Nevertheless, the figure is an important brick on the way to understanding the principles of constructing harmonic figures and, moreover, is part of most of them.
ABCD is a reversal pattern foreshadowing a change in market trends. That is, the figure helps to predict when the price ends the growth and prepares to fall, or vice versa, completes the fall and prepares for growth. A key feature of the pattern is the symmetry of the AB and CD knees.
The figure begins with a rise or fall in price on the segment AB. The BC segment is usually a sharp correction, the size of which should fit in 38.2% - 88.6% of AB. Ideally, the size of the correction should be from 61.8% to 78.6%.
At point C, the price reverses and continues to move parallel to segment AB. In this case, point D should be in the range of 113% - 261.8% of the knee BC.
The main rule is to observe the symmetry of the pattern. Ideally, the length of the elbow CD should be fully consistent with the length AB. That is, it means matching both in time and in price.
Rules for trading a pattern:
1) The length AB should correspond to the length of the CD.
2) The time it took for the price to go from point A to B should be similar to the time from C to D.
This harmonious ABCD pattern has two varieties:
1) Bearish pattern.
2) Bullish pattern.
Bearish ABCD pattern gives a sell signal.
Bullish pattern ABCD gives a buy signal.
TNT / USD 1 day. Harmonious bearish pattern ABCD.
ETH / USD 1 day. Harmonious bullish ABCD pattern.
In real trading on the market, there are a variety of variations of this pattern. But, it’s a good rule to observe the corresponding sizes of AB and CD corrections, since it is much more difficult to trade an asymmetric pattern. Asymmetric, incomprehensible patterns are better to skip.
If I trade such formations, then without a Fibonacci grid, I do not need it. I already see what she has to show. In most cases, this is a working analysis tool and at the beginning of your analysis you should use a Fibonacci grid.
In trading these formations, I use strong support / resistance levels, the symmetry of this formation and healthy logic in the calculations. Tradingview has a template for this harmonious ABCD pattern and the "three movements" pattern. This simplifies the work and makes it possible to quickly search for this formation on the chart.
______________________________________
2) Model of the pattern "Three movements".
The Three Movement model is a fairly well-known pattern. Its analogues can be found in wave analysis (diagonal triangle) and the book of Linda Raschke (three Indians). It is very reminiscent of ABCD, as if a continuation of this formation. This is a price movement in an upward or downward channel. In the framework of harmonious trading, we consider this model taking into account the Fibonacci ratios.
In the classic version of the "Three Movements" pattern, it is provided that movements 2 and 3 complete on projections 1.27 or 1.618. Correction of movements 1 and 2 - at the levels of 0.618 or 0.786. In the real market, models with ideal proportions are quite rare. Therefore, if you want to really earn money, get used to the fact that book "idealized" patterns in the real market are very rare. You need to be able to trade what is, and not what you want.
This model has a greater predictive property if it is in the expected end of the trend. Typically, the formation of the “Three Movements” is a signal that the market already does not have enough strength to continue the trend and perhaps the beginning of at least a correction.
This harmonious Three Movement pattern has two varieties:
1) Bearish pattern.
2) Bullish pattern.
LTC / USD 1 day. Harmonious bearish pattern "Three movements" (ascending channel).
In the example, we see that the upward trend price has broken, which triggered a trend reversal.
ETH / USD 1 day. Harmonious bullish pattern "Three movements" (downward channel).
As we see, the next correction wave reached the resistance line of the downward channel. The target is taken.
Learn to “predict” a more likely future. Always have different options for your work in a given situation. Work according to the basic plan, based on the situation that is being implemented.
In order to trade in a market in which the deposits of most traders are destroyed, you must have vast experience, and be a whole head taller for the rest.
How to identify global trendHello Traders!
To find out if price is in bullish or bearish global trend a half year ACD should be applied.
Only half yearly Initial Balance can do this.
Conditions:
If weekly price stays primarily BELOW HALF YEARLY OPENING RANGE (INITIAL BALANCE - IB ) AND in-between IB and lower A-PIVOT = BEAR MARKET
If weekly price stays primarily ABOVE HALF YEARLY OPENING RANGE (INITIAL BALANCE - IB ) AND in-between IB and upper A-PIOVOT = BULL MARKET
If price moves into the opposite zone and manages to stay (!) there for a few weeks (time factor, spike is not enough) then a trend change is on the way in the next half year.
As you can see EURUSD´s macro trend is BEARISH and we already broke half yearly A-PIVOT.
Fisher describes Opening Range ( IB ) as FULCRUM. It holds the market. Without it things collapse.
And as you see Half Yearly A-PIVOT breakouts are MASSIVE! One can not detect those by applying yearly opening ranges.
Also here, you can often observe similar loop post-breakout patterns as with yearly A breakouts.
I hope this technique will save you from many loosing trades! God bless!
GOOD LUCK!
A look at the 10 most owned stocks by robinhood users 😂"Countertrend trading" and "We are oversold" these sentences just sound so stupid, I have a hard time believing this is a thing.
Here are a few of my finest comparisons:
"I put a pillow on my face and practice suffocated breathing".
"I compete in sprints with my legs tied together" Huh but why? "Well 2 legs have more power than 1 obviously duh silly" You keep losing! "YES BECAUSE THEY ALL CHEAT AND ALL KNOWING INSTITUTIONS MANIPULATE THE RACES!".
"I put my hand on the stove and now I am overburned way more than I should be, I will therefore keep my hand on and put the second one, should heal anytime".
"Counteroxygen breathing", "Countergravity jumping", "Counterheat cooking", "Countermudtorrent walking", "Counterultratide kayaking"...
"Stop buying umbrellas during this rainy season you fools! Don't you see we are overbought?", "Go to the pump station and fill your full car tank so you can stay at home don't you see Oil is oversold?", "Stop buying & drinking water during this heat wave you fools don't you see we are overbought?", "Stop buying ventilators and masks in this respiratory disease season you fools don't you see we are overbought?", "Stop avoiding sky stations in the summer we are oversold", "Why am I sunbathing by -5°C? Well clearly you are a noob and didn't notice seaside resort are very oversold this winter!"
It sounds so wrong xd
So, what are retail investors holding? First of all Tesla is not in the top 3 anymore, they have fallen to only #19. You have heard the theory a million times, and here the practical side of things confirms it: they hold and average in losers, they close at breakeven or take profit very quickly, they avoid winners, they get excited and buy at the top when the price goes parabolic.
Robinhood users have beautiful taste as you will see now.
Now, the top 10:
ACB was very oversold when wise & sophisticated investors took this opportunity. Aha! It got much cheaper, they can buy more now. They sure know how to smell a great deal.
Buying a car manufacturer on a downtrend for years and year, with declining sales and many financial issues, at the bottom clearly about to collapse and capitulate, smart, very smart. Buy parabolically as the stock capitulates? Pure genius. RSI at 7.50 was below 20.
Yes, in times of crisis companies with bad fundamentals and in a downtrend for 2 decades tend to do very well. Excellent perceptiveness by millenial retail investors.
Putting money in companies losing money and ignoring productive companies sounds like a great way to make a country prosper.
WallStreetBets legends have been spotted betting on another success story. How much lower can it go it's already down 97%. You don't loose if you don't sell.
(Multi)National-Socialist Umbrella corps time is soon over, I knew it! I can't wait for the big tech bubble to deflate. *Kondratiev
I... I don't know what to say... This is... They have the right to vote... I'm scared... That's some serious mental disability... Idk if I can laugh about it...
Not going to bother commenting. Same as previous.
I am thinking of shorting it but it's best if I stick to my own domain. Those investors stupidity is astonishing, I am not joking, I am shocked and even a bit worried.
Here's the top 10.
Hey, but what about highly performing stocks?
Unsurprisingly most of the top perf stocks are those expected to be a major part of the next Kond. cycle, and are seen as very important at the moment (but at the same time poor countries with old drugs are doing better than rich countries so... we'll see).
Quick check of a biotech company not in the "best performing" ones (which are mostly small ones) but a rather big name that is in the S&P500 (barely thought) and doign very well:
That's really something. Can you imagine how bad the world would be if there were no professional investors? Or if idiots keep reproducing at the current rate and smart women keep "focussing on their careers". 200 investors. That's it. OrganiGram has 90 thousand (265M market cap versus 10B for BIO). They'd rather invest in 4000 other companies rather than this one.
What about another top performer, Kodiak Sciences (2.25B mcap)?
They're not making positive earnings yet, but this is a growth stock, and we all know robinbros don't look at that, and we know they don't hold for years or decades.
RobinTrack is going to become my main indicator...
There are no big tank storage companies in the US I'm sad I wanted to check that. I already know what the result would be thought.
What about the FMCG sector?
Doing very well in this period of course (especially in the toilet paper area)
Delivery also doing good
Let's look at another top performer, a small cap...
I think that's enough, I made my point. I did not cherry pick the worse possible examples.
These people are STUUUUUPID. They are way too stupid to be trading even simple instruments in a protected environement and with regulations to protect them.
You can throw all the regulations you want, they will still be stupid and do dumb things.
And they think they can get their foot into Oil futures & other complex products.
Tough love: If you constantly fight the trend and let your losers run you are an idiot and you will lose everything.
There is a reason why the best in the world keep repeating the same advice.
The Main three categories and directions of TrendTrend is the direction of the market. In other words, it is the direction of peaks and troughs that constitutes market trend as the market generally move in successive waves (zigzags) with fairly obvious peaks and troughs.
The market moves in three directions:
1. Upward trend or uptrend (bullish) – Series of successively higher peaks and troughs – “go long”
2. Downward trend or downtrend (bearish) – Series of successively lower peaks and troughs – “go short”
3. Sideways trend (trendless) – Series of Horizontal peaks and troughs – (a third of the time the market moves is flat/horizontal) – “stand aside”
Major Trend – Anything over 6 months – Dow considered years
Intermediate Trend – It is a correction in the Major Trend - Three weeks to three months as per Dow’s
Near term Trend – It is a correction of the Intermediate Trend - Less than 2 or 3 weeks as per Dow’s
Trading by trends and important areas using the example of BTCCombined a teaching idea and a trading idea. Trading is relevant now. A pair of BTC/USD , a favorite pair of vanguards.
First, I will describe what is happening at the moment and how to trade, provided that you do not trade intraday. Then I will give training material for real use, and not fortune-telling on coffee grounds.
At the moment, a formation like a symmetrical triangle has formed from secondary trends, I wrote about its formation more than 8 months ago. When altcoins will start to be pumped up and under what conditions I also described was in this trading idea. As you can see, everything is going according to plan.
Also, an upward wedge has formed in an upward (bullish) secondary trend. In most cases, it breaks down. Perhaps they still reach the resistance of the downtrend symmetrical triangle (purple line), this would be reasonable for further growth.
An ascending wedge is formed when price growth slows and a narrowing figure forms. Prices can no longer rise further, but at the same time, they continue to very uncertainly update local highs. This suggests that the pressure of sellers (bears) is gradually increasing in the market. And the wedge is very likely to be broken down by sellers.
Imagine giving preference to more likely movements, but always have a backup plan. After all, no one knows the future, even the one who creates it. Therefore, in addition to working in a trend and with patterns, work with important areas of support, resistance, and intersection of trend lines. The more important the levels intersect with the trend ones, the more strongly they can affect the further price movement. In these important areas, either trend reversals and further strong breakouts along the trend always occur. I showed them on an example in the graph.
There should be a strategy and plan. At the same time, your strategy and plan should be plastic from market situations.
Think ahead what the crowd will do in certain situations and how it can be punished. Think about how you would do to earn, punish, and “honestly” deceive. Be flexible and smart, calculate in trading all your and other options for action in advance.
Remember - the crowd is always stupid, the crowd is always punished, if they give you money at the beginning, then only to believe in her genius and rightness, and then pick up many times more against her expectations! Think not from the position of a slave, but from the position of a slave owner.
The symmetrical triangle formation that I showed in my trading ideas more than 8 months ago, I saw in the TOP traders only at the end of November. Identify potential formation when the shape is not yet fully formed. Obviously belated observation. But this is how human psychology is built. It’s hard for people to think ahead, so they taught, they see only what they show. The blind man does not want to go without a guide, it’s more convenient.
Previously, media traders did not understand that according to the logic of things, to create the uncertainty of going to the "million dollars" or "$ 100", you need to draw a figure of uncertainty on a global scale, with equal working out up / down in a ratio of 50/50 - a symmetrical triangle is ideal . In any case, the crowd can be deceived on a large scale against its expectations. That figure of such enormous size! When breaking up / down, the triangle fulfills the TA along its width - a figure of this magnitude has a fantastic, shocking working out in any direction.
The faith of the majority imposed by the minority destroys the mountains and minor minority deposits.
If we consider that, according to the rules of TA, in which the majority of the crowd believes, but does not understand why it works / does not work in certain situations. If they believe, then they follow. If they follow, it means by faith - they buy / sell, place orders. Unconscious action - embodies the theory into reality, the main thing for the guide is to direct their faith in the right direction and shape their thinking.
Somewhere the rules of technical analysis work, and somewhere they work only because someone allows them to work. Playing along with the crowd in what she believes.
The ideal option is when they push the price into a corner, they will decide what to do depending on what the crowd will believe in.
Probably there will be massive FUD news, bad / good on all state and hamster fronts, naturally in order to inspire uncertainty. Uncertainty and the "opportunity to not have time" to buy / sell - a friend of the manipulator.
Give the crowd faith in the price movement that they want, give them a sweet illusion of their faith. Let them believe in their strength and genius. And then kill the faith at the most unexpected moment.
It is necessary to instill doubt. No one will take passengers ... Passengers must stay on the platform. And whoever gets knocked off by the most inadequate Stop-loss will first wait, doubt, bite their elbows - and then they will jump into a train that has already gone far.
In the game against the crowd, only time decides the question of when the average zeroing of the deposit in the average person will occur.
It is also necessary not to exclude the option that when they adjust the price to the resistance of the triangle (a downtrend), everyone will believe that, now everyone will push the price down from resistance - a breakdown of the formation will occur.
One must understand that everything is done against the faith of the majority. I often use this in my trading.
80% of cases allow the crowd to earn + 20%, only to then take away 80% from her.
Here is a trading idea with the potential formation of a symmetrical triangle.
The idea was published in June 2019.
BTC is the possible formation of a global triangle. Altpump
BTC / USD This formation looks like this on a global scale from the very beginning of the history of bitcoin.
The same trading idea was published more than 8 months ago in June 2019.
The main thing in this work is always to trade in a trend. You should never go against the trend.
On a bull trend it is better to always work on the bull side; on a bearish trend, on a bearish side. Always follow the trend!
A trend is called a visually detectable rise or fall in price.
Types of trend:
1) Rising (bullish) - the market is growing;
2) Downward (bearish) - the market is falling;
3) Flat (horizontal, lateral) - movement is observed in the horizontal range.
According to the Dow theory, there are 3 types of trends:
1) main.
2) secondary.
3) insignificant (small).
The main trend is a key market movement. To determine it, you need to open a larger timeframe on the chart, say, monthly or weekly. This global trend ultimately affects everything, including secondary and insignificant trends. According to the Dow theory, the global trend lasts 1-3 years, which, however, can change.
The main trend remains valid until there are clear indications of its completion. One such indication may be, for example, closing the price below the trend line.
A secondary trends , as a rule, goes against the main trend or acts as a correction to it. This is how the main trend can go up, and secondary trends - down.
According to the Dow theory, secondary trends last from 3 weeks to 3 months, and the rollback against the main trend lasts from 30 to 60% of its movement. Also, the secondary trend is usually much more volatile than the main one. All these values are conditional, depending on the characteristics of the trading instrument itself.
Minor trend (small) . In theory, this is a market movement lasting up to several weeks. As a rule, it represents a correction to a secondary trend. In reality, the duration of the trend depends on the trading instrument in question.
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A trend has three phases. According to the Dow theory, each trend has 3 key phases:
1) phase of accumulation (distribution).
2) the phase of public participation.
3) phase of panic (realization).
Read more about Dow theory, trend types, and phases in this tutorial:
TRAINING. Theories of the Dow. Types of trends. Phase TRON. Still a little)
Going against the trend is the same thing that falls under the locomotive and hoping that it will not transmit you, but will bounce off of you!
When working with a trend, it is very important to determine the correct trend. Understand which trend you are in and which particular trend you are trading. Each timeframe has its own trend. The market is fractal. Consists of small as big matryoshka.
Trading is the hard way to easy money. It is open to all, only not all will pass ... The more a person is fixated on the final result, and not on the action now, the less chance he has to go this way to the end. Most of these characters, which means the market will still be profitable.
To determine the main trend, a good weekly or monthly chart is suitable, secondary and insignificant - a daily and even smaller timeframe. These trends that are relevant for trading now on the BTC / USD pair I showed on the chart with important areas of trend reversal.
When working in a trend near important areas of a trend break, do not try to buy / sell at lows / highs, work in those price areas where there is liquidity. Sell at the very maximum and buy at the very minimum - leave the hamsters. When confirming a trend reversal, exit the position. Do not be greedy in the trade. Greed - begets poverty.
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Also under the article I attached 20 teaching ideas, many teaching ideas have material that you will never find in TA books. How it’s not customary to talk and show about it).
In almost all ideas, training was online "on a live schedule" in real trading. I did not show "skill" on old schedules.
Psychology in trading. Manipulation of consciousness Bitcoin 666Bitcoin's main trend is upward. Which formed the ascending channel .
Always trade with the trend. Decide in which trend you are trading and on which timeframe. Decide on strategy and risk management.
Your first enemy is a lack of experience and knowledge. Your second enemy is greed and a sense of lost profits.
You always have time to make money, the market will not run away from you, but money in the absence of experience and knowledge will run away.
On a bull trend it is better to always work on the bull side; on a bearish trend , on a bearish side. Always follow the trend! Going against the trend is the same thing that falls under the locomotive and hoping that it will not overeat you, but will bounce off of you!
There should be a strategy and plan. At the same time, your strategy and plan should be plastic from market situations.
You need to not only know the rules of technical analysis , but also understand what and how and why it works.
Knowledge of technical analysis and the psychology of the crowd will make you in trading - God.
If you are like everyone else, then the result will be like everyone else.
Those people who rely on quick profits without effort and time are doomed to give their modest deposit more smart and hardworking. For the minority to earn money, the majority need to lose money in the market. The more the majority plays according to the rules imposed by the minority, the more money is lost. Consequently, a minority earns. To earn, you need someone to lose! When a minority needs it, the rules of technical analysis stop working. The faith of the majority imposed by the minority destroys the mountains and minor minority deposits.
In the game against the crowd, only time decides the question of when the average zeroing of the deposit in the average person will occur.
Those traders who are sure that success depends on only one successful purchase, retention of the asset for a short time, and then sales are many times more expensive - are doomed to zero the deposit. This is what the majority think, which means that this is an erroneous opinion. Thanks to this majority faith, the minority earns. Trading is not only work - it is creativity and relaxation!
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.
Thanks to the thinking and desires of the crowd, we earn.
There are no accidents, there are random patterns that must be understood and used.
Coincidences are planned actions disguised as randomness.
369-27-669-27
3075-1170-1666-444-27-01-20
310-130-23-13-06-02-2020-13
371-27-671-27
Money is not the meaning of life, but a tool for life!!!
Appreciate the time of your life in this world - this is really a limited resource . Time will pass, life will go.
Have you been born in this world for a cut paper of money that you will never have in your desired quantity? Think it over.
Also think about patterns.
Why is it that everyone who wants to have a lot of money remains very poor. And the opposite is true - who does not pursue the amount of money, but does good deeds, receives fantastic amounts in a short time that the “supplicant” and “wait for money” will never receive for all their wretched existence. How to give such is not safe. The crowd with their desires is crazy and selfish. To give to such is tantamount to destroying them. The world is honest. Who creates - he receives.
Most want to receive - but do not give anything in return. This is the secret of poverty.
Understand the world, understand yourself - life will become meaningful, understandable and easy.
When you catch a trend, ride it till the end [LIVE TRADING TIPS]Hey whatsup guys!\
Denis here the lead trader at Primedtraders!
In todays lesson I want to go over our idea of trend trading in day & swing trading environment!
DAILY TRADING LESSON
When you catch a trend, ride it till the end
When momentum is on your side and your system agrees with the move (up or down), then by all means ride it till the end (next key level).
Most new traders will jump out of trades before they are finished trending because they are scared the market has gone too far and will take back their paper profits. (i.e. whats happening with GBPJPY right now)
But I have reasons to be in this trade and until those reasons change, im a short-seller of GBP vs JPY.
Here are just some reasons:
On the technical side we have a breakout of a key level and a solid bearish continuation pattern, momentum is down and there are strong reasons it will continue to stay down...
On the JPY side Coronavirus is increasing uncertanity and that makes the JPY a buy as its a safe-heaven asset especially in Asia (where the virus is hitting the hardest)
On the GBP side we have uncertainty with Brexit and how things will work out for the GBP..
Don't get scared by random noise... wait for real confirmations based on the close of each candle.... worst case just let a trailing stop take you out of this trade and don't get back in when you get out!
"The rend is your friend except at the end where it bends. - Ed Seykota"
BTCUSD Fisher Transform of OBVFor this chart I utilized the Fisher Transform of the On Balance Volume (OBV) to identify common patterns not particularly discoverable by looking at price alone.
Notice I do not portray a forecast using the same candle movement as when the fisher pattern indicates a repeating trend. This is because the price action will
most likely not follow the same historical price pattern.
What the Fisher Transform has identified for us is a common wind up characteristic only seen by a Gaussian normal distribution of the action. In this way, the indicator highlights
when prices have moved to an extreme, based on recent prices. In this case we are considering the On Balance Volume (OBV).
Note that this is simply an idea and should not be taken as a prediction with targets.
You can see the efficacy of this indicator by looking at the following charts which were intended with price prediction in mind.
SUPER TREND SCALPING / EURUSD SCALPINGBY THE HELP OF TWO TREND WE CAN TAKE THE POSITIONS
BUY ENTRY : WAIT FOR MAIN TREND CHANGE TO GREEN / THEN TAKE A LONG FROM THE FIRST GREEN ARROW IN SHORT TREND YOU CAN EXIT ON NEXT RED ARROW . YOU CAN REPEAT THE SAME UNTIL THE MAIN TREND CHANGES
SELL ENTRY : WAIT FOR MAIN TREND CHANGE TO RED/ THEN TAKE A SHOT FROM THE FIRST RED ARROW IN SHORT TREND YOU CAN EXIT ON NEXT GREEN ARROW . YOU CAN REPEAT THE SAME UNTIL THE MAIN TREND CHANGES
TIMES FRAMES 15 /30 /1 HOUR
S&P 500 prediction for many years based on N.W.O proceedingsThis is a "Great plan" for Amierica and World... We must make changes, because out of control, we are not ready to AI and higher level of being.
ETHUSD 1H INSIDE CANDLE BREAKOUT SHORT TRADEWHAT IS AN INSIDE CANDLE
1. Previous candle engulfs next candle
2. 2nd candle high is lower than 1st candle
3. 2nd candle low is higher than 1st candle
INSIDE CANDLE METHOD
1. Incoming Trend
2. Inside candle - Opposite color
3. Enter Break of Engulfing Candle
Inside Candle method is a great short term consolidation indicator.
If your trade plan contains breakouts and consolidation then this method is for you.
This is a great way to find smaller consolidations quicker which will give you more trades on whatever time frame you want to look.
On a daily chart it may take weeks for a consolidation pattern to form.
Inside candle represents a pause, consolidation or compression in the market after a big move.
Often you will also see reduced volume on the inside candle.
Inside Candle method is a pause or a reversal of the trend . So it is more effective if there is an incoming trend.
Enter a break of the larger engulfing candle in the direction of the break.
Enter with a Stop Order a few pips above or below breakout level.
Which trades you take is a matter of preference.
Some like reversal trades or trend-following trades.
Scalping in doesn't matter what direction you may go.
Trend following you will want to see this in the context of a larger trend.
Take all the trade setups and just shut down the ones that don't perform.
Trade Management: Enter 2 trades
Stop Loss is 1.5 x ATR for both trades
First Take Profit is 1 x ATR for 1st trade
2nd trade there is no take profit.
When 1st TP is hit move 2nd trades SL to breakeven.
Let profit run on 2nd trade by following/trailing SL.
If a candle closes back inside the larger engulfing candle close down trade.
Watch for a setup for the next breakout.
Pyramiding online on a coin for pumping. Matic. Smart trading. Money Management Method - Pyramiding in action online on a pump coin. Matic / btc.
Big profits are minimal risk.
Stop Loss showed where to place and by what principle they move because all the zombies want to see them.
Stop Loss takes place when you are not in control of a position for a long time. But you must clearly understand where you should go when the price goes against you, and no retention of a losing position, in case, "what if the price comes back."
Always adhere to your strategy and plan, but at the same time, be flexible and have all the scenarios in advance. Be smarter for other market participants.
Matic / btc pyramiding in profit figures now:
1 entry point for $ 1000 + 177% $ 2700 (net $ 1700).
2 entry point for $ 1000 + 135% $ 2350 (net $ 1350).
3 entry point for $ 1000 + 90% $ 1900 (net $ 900).
4 entry point for $ 1000 + 35% $ 1350 (net $ 350).
The total profit at the moment from 4 entry points with a minimum risk of $ 4000 becomes $ 8350 (net $ 4300).
There is one thing, but the profit is much larger, as the trade was conducted in the accumulation channel with a price step of + 77%. Trading was carried out by 30% of the accumulated position, increasing it with complex%.
Trading in the channel will allow you to advance to a specific profit before the channel breakthrough . It will also help minimize its risks in case the uptrend support of the accumulation channel is broken down . As you would already be in profit from trading in the channel in 77% increments, at least cover Stop Loss loss. It is clear that the movement of 77% of the channel will not come out each time, like the entrance and exit when confirming the price reversal from support / resistance. But 30-40% can be obtained, but not always. This also needs to be understood.
Also no need to be afraid to buy at prices at a higher price. Sometimes buying at slightly higher prices is much safer than buying at the bottom, which may not be the bottom. The most important thing is the correct entry and exit point.
The entry point should be with a potential big profit and minimal risk.
What else does trading in the accumulation channel give you? You need to understand what could have been so (it is unlikely, but this should not be ruled out) that the price channel would have broken down and fixed under it. If you were “Waiting” like everyone else, it would mean a losing trade. And a loss in the amount of your Stop Loss according to your strategy. And if you have a big position, but not a lot of liquidity in a coin? As a rule, such coins are so, then there are situations when a breakthrough of support creates a panic-drain in the market, which goes to a large percentage of the price movement. Here, in this case, the extra earned profit up to the input amount helps.
Another addition in such coins in most cases is not possible to become short, therefore trading in two directions will not work. This must be understood in advance and taken into account in your trading strategy!
It is also important that someone thinks that he would just enter the breakout zone of the downtrend and take the same + 100% without these games and complexity. This is so if you have a small input, let's say $ 500-1,000 is not a problem, but if the amount is larger, this will cause difficulties to enter not noticeably and not provoke a premature price increase. You need to understand that at important pivot points you are not the only ones who want to enter the market, and in some coins the liquidity is low. And an entry instead of a step of + 2-3% can provoke a price increase of 10%. You can just trigger a panic buy.
Another option, for example, you bought 50% of the coins for the planned amount. Further you see that a further purchase will provoke an increase in the price by an unacceptable%. You can use your purchase to keep the price from rising and force other market participants to sell you and thereby gain the remaining 50% of the planned position. This works if you know how to work with a glass and a ribbon of sales and purchases, well hiding the actions made in advance. After all, you need to understand that not only hamsters are on the market, and there are traders who not only look at charts, and therefore are more informative in what is actually happening.
But all this only works in ordinary situations. At important points in the price reversal, your walls will be eaten up, you will give someone a gift allowing them to buy a large position without slipping the price. Just ask yourself a question, and you wouldn’t do it if someone gave you such a gift?
It is easier to work on TOP coins with this management method due to the greater liquidity and greater predictability of the price movement, but the profit there is many times smaller and more time-stretched.
Time is money. The liquidity of TOP coins allows you to work in large amounts, and there will always be enough liquidity for a short Stop Loss, which can not be said about pump coins. It is worth mentioning that you can work short on top coins if the price goes against you, therefore there is less risk due to greater plasticity for the trading instrument. But once again I’ll remind you the profit is much less, a long extended time interval and a small selection of trading tools.
I showed in more detail about this method of money management on TOP coins using the example of LTC / USD in these trading ideas:
EDUCATION Pyramiding How to earn 52000 with a risk of 5% from 10000 1part
EDUCATION Pyramiding money management. 2 part. Short LTC/USD
The trading idea for this coin for 13 11 2019 is before pumping and leaving the accumulation zone.
MATIC at the breakout zone of the downtrend Great growth potent
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" *****
