I've seen this happening a lot lately (past few weeks). There is good range on some of these wicks on the short term time frames! Its only about 2 percent but these are easy if you are watching. I simply set a buy 1 historical resistance line under the current historical resistance. THEN SET AN ALERT at your buy price. If the price drifts down pull your...
Hello my dear supporter, Alan Masters here and I want to share a few details about stop losses, the different types and how to better interpret them to maximize potential profits and reduce potential losses when trading with me. Manual Stop Losses Right now we are using what I call a "manual stop loss" and I will explain to you why. Trading cryptocurrency...
A Simple Analysis for beginners who are trying to understand market structure!
Hey Traders, in this idea we are going to break down step by step, how a professional trader calculates pip value, risk and trade size. The focus of this lesson is aimed towards helping you get an idea of how you can create your own risk management plan in order to remain consistently profitable over a long period of time. You can have the best strategy in the...
The trading strategy is a common vision of how, by means of which methods, using what tools and in what markets the trader is planning to earn money for a long time. In our case, since we are going to trade on the crypto-currency market, it is worth determining whether we will trade the most liquid coins using the marginal leverage, or it will be trading in...
We here learn to observe the higher time frame 360, and analyse 1D that RSIPL are crossed down parallel. So lower than daily time frame= 540, 360 allows for trend entry at a 360 RSIPL and 'TSL initial cross down for max profit. On 180 as on 360 allowed for entry using the RSIPL/TSL crosses down. Also observing Phaser very near price as it 'pushed' priced down...
To find a divergence you have to take in account for the movement at each point in time. For example, make sure your divergences include a contiguous downtrend or uptrend or else they are invalid. Furthermore, don't build opinions over a single timeframe or indicator: always be sure to use multiple. Another good tactic is to discuss with people who might have...
What is trend? Trend is the direction in which the market moves. An upward trend consist out of higher highs and an downward trend with lower lows. * Upward trend * Downward trend This is called the sideway market, which also is called trading range: This is an neutral trinagle, where we see lower highs and higher lows. At this markets it is...
How to earn money or not lose it being a whale parasite. Philosophy This is not a technical analysis. I leave that to users with more skill than me. I am a follower of great cartoonists of charts and I take advantage of it. I want to share with you a philosophy to be able to trade in BTC and in the other cryptocurrencies. First of all we must know that in...
Lets get our pencils out. Lets do some drawing, lets muck up a chart and lets see what we can learn from it. What is a fib arc? How do I draw them? Why do I draw them? How should you draw your chart? ... Do you have any ideas? ... What if you don't have any ideas, and you don't know what to do? ...Calm down... pull your pencils out. Its time to start...
My preferred trade set-up. This works in all markets & all time levels. I use daily tf for charting & most of the time use hourly for set-ups. See the notes on attached chart and get some screentime in. No substitute!
Money makes money . It's an age-old saying, probably because it's generally true. But starting out as a retail trader can be daunting and at times, frustrating. It takes time to build up a sizable account big enough to allow us to take the leap from trading part time, to full time trading. Something that has kept me motivated over the years is an excel...
You are a Human. This is good. You are capable of making complex decisions. You can identify patterns. You can enter excellent trades. This is also bad. Between your ears is a narcotics factory that will put Heisenberg's mobile meth lab to shame. You've entered a trade. This is it. The BIG one. A one-way ticket to infinite infinity pools. Adrenaline ...
Tonight we did a live stream on YouTube offering an in-depth explanation of correlation trading. You can watch the stream back in its entirety here www.youtube.com Below will be a written explanation of correlation trading utilizing the AUDJPY vs. NZDJPY as the example: Correlation trading is an amazing way to add diversification to your trading portfolio and in...