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Makemoney

Trading Divergences - An Alternate View for New TradersTrading divergences is a very common technical analysis strategy, but it comes with one big problem: the most common divergences (not hidden) trade against the trend. This means that new traders can often get into trouble by constantly looking for, and trading, against a dominant trend. Here's an idea to help you become more profitable over the long-term: identify divergences on your chosen momentum indicator, but only trade on trend continuation signals. I'm not saying you need to do this forever, as once you're experienced you can trade both pullbacks and continuations - but doing so requires multiple layers of confirmation, and a lot of knowledge/planning/experience. By trading trend continuation signals after divergences, you're stacking the odds in your favour by going with the dominant trend. You're also training your eye to see divergences, and seeing how the markets react to divergences. For new traders this can be a valuable lesson in the power of momentum in financial markets. So, what are trend continuation signals? It depends on your chosen momentum indicator, so I can only provide general ideas; you need to adapt things according to what you're using. My chart contains a custom momentum indicator, loosely based on the RSI. However, it's far smoother than the RSI, so I can reliably trade precise signals (e.g. for me, a cross of 0). On the RSI, you may choose something a bit further down the scale, for example, a cross below Oversold (20/30). If you're using a Stochastic indicator, you may trade a cross below Overbought (70/80). If you don't understand why I'm suggesting you trade signals at the opposite end of the scale for RSI and Stochastic, let me know. Hopefully this all makes sense, and remember that it's just an idea if you're a new trader and struggling to make good trades. Let me know if you have any queries. DD
Education
by DreamsDefined
4
150%+ run in 3 days. What's next for Dogecoin?Last 3 days Dogecoin has seen a spectacular run of over 150%. This run started on the news of Ethereum and Dogecoin bridge called Dogethereum. This run is based on pure volume in the last three days we have seen volume skyrocketing to 1.2B, 2.261B, and 2.827B. What is next? We think this is a great time to take your profits in and wait for a pullback. Looking ack at the chart will reveal other instances with high volume that pushed the price up for 2-3 days on average and then the pullback started. Be Aware.
BITTREX:DOGEUSD
by iCoinHedge
Unbelievably flake-free hair.. oh wait - wrong Head & ShouldersAnalysis wise - we are sitting right on the fence between upward and downward motion. I have slightly re-evaluated my inverted head and shoulders chart that I've posted a lot about recently, with the shoulders in a slightly different place, but the travel of the market from here and head target have remained the same. Remember I was pretty clear about needing to revisit that 6800USD which we did today ($6888 to be exact) Until I receive confirmation otherwise, I will remain bearish in the short term and confident in this pattern playing out and retesting that downtrend perfectly. I have a possible bullish scenario in play also, which I will post shortly. Until then, I just want to make sure I am doing my best to warn about a potential price decrease, just as I warned about the liquidated shorts we seen this morning, so that people can make an informed decision on their trade behaviour as to not get rekt. Nothing sucks more than seeing people get super excited about some green sticks, just to see them get ripped away again unexpectedly. Either way, we SHOULD Moon Soon. Its a matter of when. As usual, not advice, no no no baby no. This just just an educational look at a potential price action. Lets say that again. POTENTIAL. I ain't no professional financial advisor yo, so make sure you chart your own charts and never take advice from anyone, especially me, because I like peanut butter and onion sandwiches and Im told thats makes me batshit crazy. Chur
by frothmonsterrr
EXAMPLE for creating a Strategy! How to make money with TA! #1Hey tradomaniacs, most of all beginners out there (I was at this point aswell), don`t know how to create a strategy and trading plan and are not able to make money WITH the market. At this point, I just wanna give you an example and tell you why it`s so important to have valid signals and a strategy you can trust in. Emotions - The Cash-shredder Emotions are the reason why 90% of all retrail-traders fail! We, as a human being, are visceral still living in the Stone Age controlled by FEAR & GREED. That`s why we need pre-conditions whose undertake these responsibillitys and determine our trading. CONDITIONS are part of your Strategy and you should treat them like your BOSS telling you when to trade! This picture does not includ important things like Stop-Loss, Take-Profit, Risk-and Moneymanagement and so on.. THIS IS one EASY example for a TREND-FOLLOW-StRATEGY, which is easy to use for beginners. Don`t start with crazy shit like Gartley, S/H/S and other Patterns whose have extra conditions and things to know that you can`t know as beginners. I will tell you more about this in another post it`s late here in germany! ;-P I just want this to be an inspiration for lost beginners. Peace and happy learning Irasor trading2ez PS: Have at least 4 of 6 conditions!
KRAKEN:XRPUSDEducation
by Trading2ez
10
BTC We picked the RALLY, now let us show you how to PROFIT from In our first post we said BTC had shown its first REAL Bullish signs and we needed to be patient. The bullish run is now confirmed with us also above a long Term Trendline. This is where trading skill and experience comes in. The longer it goes up, the stronger it looks the more the amateur wants to buy it. But the more the professional knows that price us getting closer and closer to a pullback and must learn from watching his wife shop for shoes, and wait for a better price. So we are waiting for some of the existing buyers to take some profits and turn the market down. A pullback to our 6913 level (Black Line) and the 50ema (Red Line) seems most likely at this stage. Then we will look for a buying bar in our time frame and look to enter. I will talk you through this as we go. (I do aplogise for no recent posts a bit of a bug has kept me in a different room in the house). The time is coming for profits to return to BTC traders. Be a bit more patient wait for the best entries and give yourself the best chance to join the party. Trust your TA that’s Technical Analysis not Technical Poop or Technical Meditation or any other hyped up Darkness. Just trust the Analysis and be patient and start and make some money. Remember if you want to make Dollars your decisions need to make sense. If you want that to happen Likes are nice, but FOLLOWING is how you get the best information first. Chill
BITFINEX:BTCUSDLong
by DollarsNSense
2
First BULLISH Signs on BTC since EMA crossBTC has followed its first close above the 20EMA (Dark Blue) since the 20 EMA feel below the 50 ema in late May (Yellow Vertical Line). Its confirmed the BULLISH sign with a bounce and move up providing the first real BULLISH Technical sign in some time. The bounce not only tests the moving average but the 6595 Horizontal level and this is important for two reasons. It’s a Real Bullish sign not the imagination of some trader stuck in a historical BTC trade he is desperate to get out of the level now gives us something concrete. For now I will say above 6595 we are Neutral (Not yet Bullish) and Below it we are Bearish. It’s a level we can watch and cut out all the Bullpoop that can confuse our sentiment. For us to start and really believe in the move we need to be a bit patient. We need a test of the 50 ema and the 6927 level (Orange). We are likely to get a pullback from there and need a higher low and then a break and close above the level on a 4H or Daily chart. Then we can start and be Bulls again. We must always remember this is a new BTC from the old days. People who thought they were trading genius are now stuck in positions brought at 15, 18 and even 20K. They are desperate to get out and those that can still find their wallets and PW will sell into any Rally. I expect progress up to be slower, but at least we see some signs of it. The low volume weekends have been a bastion for the Bears and the current stability is another great sign for us. Remember to make money it takes DollarsNSense. Be patient, take the trades that make sense and not those that feel right. I will be with you for the journey now, Follow me to get proper Technical analysis based on Sense and not Hype. Follow us now
BITFINEX:BTCUSD
by DollarsNSense
1
Analysis on Google 6.06.2018The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero line. The oscillator Force Index is above the zero line. If the level of resistance is broken, you should follow recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 1145.00 • Take Profit Level: 1160.00 (1500 pips) If the price rebound from resistance level, you should follow recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 1130.00 • Take Profit Level: 1128.00 (200 pips)
NASDAQ:GOOGLong
by JayAnderson
Well Well Well... BTC!Hello all and welcome to my little corner of the internet. It isn't big, nor is it fancy, but what about the chart art! Now I've warned of a correction for some time (quite a bearish outlook if you were to look back at my other publications... and give em a like) but it seems as though things are playing out as i stated. I hope that any who viewed my charts saw the drop coming a mile away as i did and took the correct precautions. Lets jump into the meat though. I'm still quietly confident BTC will drop to ~9.3k-9.7k (The wick low could be 9K) and i have arrived at this conclusion based on probability and the accuracy of my charting. Here's how it is - we're still in a bear market guys, it isn't hard to see that, but after this low we could very well be looking at a recovery and a TRANSITION. YES! a transition into the long awaited bull season. This is great news, now I'm not saying it wont go for another dip, in fact i expect it will - as is required to signal the return of a healthy bull market. Check out the green channel i have plotted on the chart: This is the healthy channel. This is the area we want to see BTC move in and when it makes a break above we simply say hallelujah and we sell (at the peak of course!). When it breaks below we double down and buy the dip, this is how money is made. There are lots of "analysists" out there that will feed you what you want to hear, because they want it too but the market cares not for your wants, dreams or aspirations. The market knows only what the whales want: either swim with them or get eaten. Now there's always the chance I'm way off, as i said the market doesn't care, but i make my calls based on probability and as such there's a good chance i have it pegged MOST times. Anyway, time for me to wrap this up so I'll leave you with this: REACT. always REACT. cover your butts because at the end of the day I'm not going to make you money, the other analysists aren't going to make you money - that's on you. So be careful in the worlds most volatile market. I wish you all the best fellow traders!
by Disaster_Chartist