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Bitcoin - the level where everything will be decided BTC/USDTHello dear friends. Looks after the levels, open the position according to the price direction. (do not forget - there is no need to rush, every growth has a correction, every fall is corrected to certain, strong levels. It is from them - look for a point for yourself entering the direction of the trend) Immediately I want to thank each of you for the message "where did you go dude?" - I’m here, I’m back, I just took a little rest, as I began to disassemble the market not from the best side. So, let's begin. Today I wrote a recommendation in the comments that I open a long position to update the top 35000 - 3 target marks - reached - 1750 pips / $ in our wallet. Congratulations to everyone who took advantage of this. And now about trade. The chart shows a descending triangle, which is squeezed to the lower border. But we trade within the day, and we have strong market maker levels (each of them, I marked for you - white rectangles) We trade them. and I recommend that you, in an incomprehensible situation, trade on the breakout of these levels. (if there is a true candlestick breakout at the moment at 2 hours of TF, open a position in the direction of the price, as the price will lead to the next level. But, we have the Strongest 2 levels. On which we will decide everything. It's 35500 and the mark is 32000. these levels will give 93% price direction for the next 4 days. and let you immediately understand that each trading session has its own levels, its own price movement of the bitcoin price. If the level of 35500 will be broken, and there will be a higher trade, the price will lead to such a mark as 38000- 39000- 40,000-41000. So far, I do not recommend opening short positions. We had a big liquidation of short positions. 2) There are many market participants (traders) - almost 70% are waiting for growth (and we will trade with them, and not against the market. 3) we have a support zone of 32000. If it is broken, the price will be brought back to update 29800 - 28500 - 26600 - 24000. (these are the target CME futures) For those who do not know what position to enter - I recommend looking after the yellow dotted line. Also for you, another tool is the blue dotted lines (Gann Angles) Plus - ema 157. If I break it, and stay above it - a definite long. This will be a very strong signal for the price hike up, in order to update the very top of 41500 and continue to grow to 46-48 thousand. I would advise you to look towards long positions for now, as there is another level - this is the mark 33800-34000. If it is destroyed, the price will be returned back to 32000-31500-30500-30,000. The price move is 2950 points. it is at such distances that inexperienced traders will close their stop losses. So I ask each of you to keep track of your money management, risk management, and stop loss.
Long
by UnknownUnicorn13204076
10
Confirm "head and shoulders"? Falling further? BTC/USDTHello dear friends. Let's assess the Bitcoin situation together now. We will disassemble for 2 hours TF. We have confirmation of the Head and Shoulders pattern. Often - in 97% the price returns back to the "neck" line. These are the marks on the chart: 35900-36750. It is at this level that you must be extremely careful. Why? Because, we are forming a falling wedge, on an uptrend (for now). If the price goes beyond this level, the price will be pulled to the level of 38500-39000 and the triangle will be broken upwards, to update 42000-45000. For the next 3 days, f the resistance level is confirmed at the price marks: 35900-36750, bears will pull the price down. Get ready for it I expect confirmation of this level, and the price down to the bottom. But I am not a market maker, I am also mistaken, therefore, I described 2 scenarios to you, and indicated a strong level. Which will show you the direction of the price. Be flexible in your trading, respect your risk and money management, trade with stop loss, and never trade on your convictions. 2017 was similar to this time of these events. There is also another option - breaking the descending triangle downwards - if the 33800 mark is broken, definitely - a short position to continue the trend.
by UnknownUnicorn13204076
Book Review: Trading in the Zone by Mark DouglasSome say that trading is 10% mechanical and 90% psychological. One of my mentors once said "The simpler we make trading, the more profitable it seems to be." and it was a profound statement to me at the time... It was one of those "I heard the exact thing I needed to hear at the exact time" moments and it changed the way I traded. It is in our nature to over-complicate things because we have been conditioned to think that profitable ventures must be complex ventures from a very early age. How many times have we heard "You can't do that... only rich people get to _____." "You'll never be able to get _____ without a college education and years of hard work (working for *someone else*!)." And of course, "If trading were so easy, everybody would be doing it." We are surrounded by negative ninnies nullifying our natural need to succeed. Well, I believe trading indeed is easy, but becoming a trader... now that indeed is the hard part. In an earlier article I talk about Backtesting and its importance in determining if your trading system works, answering the question "Can this system generate a *reliable* income week after week?" Once you determine that, the question is "Can I work the system?" And that question, my fellow traders, is all about psychology. (And the point of the book at hand: Trading in the Zone.) This article rounds out what I believe will be my two most important book reviews. In my previous review of Price Action Breakdown I highlighted the processes of technical analysis as presented by the author. Using Supply and Demand we can find the movement of money in the markets and reliably place trade after trade right behind the big institutions who move those markets. There are many ways to trade using a Supply and Demand methodology. I myself came up with my own method which I call Sabre which I formulated from my years of experience standing on the shoulders of giants, following rules, managing risk, and "sharpening the saw" as the late great Steven Covey would say. However, no matter how good a system is, if not followed properly, (and in some cases if not followed to the *letter*) even the best 'systems' will produce mediocre or even negative results. For instance, there are plenty of great weight loss and weight management 'systems' out there (Keto, Paleo, Atkins, Whole 30, ...) but if one does not have a good psychology, they won't "work the system" even though they know that "the system works." It isn't until a person's *psychology* is right (i.e. that the PAIN of being overweight/unfit is greater than the perceived pain of following a system) that they will follow a prescribed system of weight management or fitness. Mark Douglas opens his book on this very topic, saying that "The consistent winners think differently from everyone else." It's not smarts, or market analysis, or a super-duper indicator that separates the successful from the unsuccessful, but one's State Of Mind , and primarily a state of mind that thinks in probabilities . Trading, says Douglas, is very similar to a casino. The only difference is that we need to think like the person behind the table dealing the cards, not the rube playing the cards. Once you get behind the table, then you can play with the Law of Large Numbers by your side: you don't care how many hands you lose... you just know that overall in the course of 100 deals / shuffles / spins that you will come out ahead if you have an edge - a system that allows you to play where the odds are stacked in your favor. For instance, if you have a trading system that is only right 30% of the time, but your winners consistently generate a minimum of 5R of profit, are you going to be upset that seven out of every ten of your trades are losers? You shouldn't be, because for every 7R in losses (7 losses x 1R) you will generate at least 15R in winnings (5 wins x 3R). Your main goal then would to find as many trades as possible to get into each and every day! (If you are not familiar with the method of trading in "R", or 'aaRrrrrr' as we pirates call it, you can review my " Trade like a Pirate " article...) The essential ingredient in developing this successful probabilistic mindset is to indeed, have a successful trading system, an edge that overall in the game of large numbers will allow you you rake in more winnings than are drawn out by your losses. And as my favorite quote from Douglas says, "Once you learn to identify patterns and read the market, you find there are *limitless* opportunities to make money." Our primary job as traders, then, is to manage risk , that our edge only allows us to take trades that meet the demands of our system, and we take every trade that meeds those qualifications. It is a rare thing, however, to find a "trader in training" willing to think that way... the beginning trader wants to find out how to be right all the time. They want to experience certainty in an environment which is random, which will lead to ultimate disappointment. Think of trading like flipping a coin, (a random event): If you can get someone to play with you where for every time the coin comes up heads they have to pay you $300 and for every time it comes up tails you have to pay them $100, would you play? Of course! Because you know that at the end of the day the money is going to consistently flow in your direction, that overall for every 2 flips you have the expectation of making $200, if 50% of the time it comes up heads (making $300) and 50% of the time it comes up tails (losing $100). If you had a magical money machine that would play with you, with these kind of odds, would you simply flip that coin 5 times and call it a day? If I could make a friendly assumption, I would say that you would sit there in front of that machine flipping that quarter hour after hour until that machine ran out of money! We traders, however, aren't playing a person. We are playing the market . And the market has (for all practical purposes) unlimited piles of money. And if we have an "edge" that pays us 3R for every time we have to pay the market 1R what would you do? You will take every...single...trade... that comes your way that meets your criteria. An amateur at a poker table might walk away because he lost all of his winnings. The market won't run out of money and will play along with you as long as you desire – at least until you reach your goals. Douglas summarizes his point saying that we will be a consistently profitable trader if we can "learn how to redefine your trading activities in such a way that you truly accept the risk, and you’re no longer afraid." And that "the consistency you seek is in your mind , not in the markets." If we want to be "In the Zone" and make ourselves available to this infinite opportunity flow, we need to develop a carefree state of mind that doesn't have any expectation about any individual trade except that "something will happen." Our goal is not to win or not to not lose, but to "get in the water" - to put on every trade that represents our edge and wait for that "something" to happen. And if your trade happens to be a loser, then get excited because that means you are that much closer to a win. With this carefree, probabilistic mindset, "losing" trades will never again produce a negative emotion. In fact, "If every loss puts you that much closer to a win, you will be looking forward to the next occurrence of your edge, ready and waiting to jump in without the slightest reservation or hesitation." Trading, according to Douglass, is ultimately a "pattern recognition numbers game." As long as we insist on "having to know" what will happen with any particular trade we will experience stress and have unfulfilled expectations. When we begin thinking (and acting) in probabilities and a series of trades, we will begin to develop an "unshakable belief in our consistency as a trader." I've recently heard it said that "Trading is one of the most amazing, rewarding, and enriching professions there is. But I wouldn't wish it on anybody!" For the most part, trading is highly psychological. As Yoda said, "You must unlearn what you have learned." What makes one a successful doctor, engineer, lawyer, Fill-in-the-blank.... those skills will contribute *nothing* to being a better trader. Finally, just like one trip to the gym won't make you healthy and fit, a single read of this book won't give you a strong mental edge to complement the technical edge of your trading system. I make it a habit to read/listen to this book at least once per quarter alongside Price Action Breakdown . Take notes. Apply. Rinse. Repeat. That's my one bit of advice for you: Don't just read this book once... read it regularly ... Like with the Napoleon Hill's book Think and Grow Rich ... If you ask anyone if they've ever read it and they said yes, ask them "How many times? Because you obviously aren't rich yet!" Even Napoleon Hill stressed that you should read his book over and over if you are going to exercise your "thinking meat" and make it stronger and stronger day by day. (By the way... you should read that book as well... but that's a review for another day.) Trade well! -Anthony
Education
by ocaptain
25
APPLE AAPL Signals Review Since 2017 to 20201215 in 1H TimeframeThis idea concludes the signals of entry points of APPLE - AAPL, during the past 4 years: 2016 December ---2020 December 15. The signals are given by "9 Seasons Rainbow Indicator". Time frame: 1H -> 11H I appreciate your like or comment. Welcome to share your idea here. DISCLAIMER This is only a personal opinion and does NOT serve as investing NOR trading advice. Please make your own decisions and be responsible for your own investing and trading Activities.
NASDAQ:AAPL
by go8686
28
Weekly review of published trades!! As the week closes, it has been a relatively fruitful week. I would review the trades I posted about during the course of the week and hopefully everyone can learn from my mistakes (or successes!) PLTR: Shorted at open on 30 nov at 28.24, took profit on 3rd dec at open of 23.55. That leaves a profit of 16.6%. Could have done better if i took profit on 2nd dec, but as I mentioned in my earlier post, I was expecting a TP of 19-20. AMD: Holding since of 81.23, currently 94.04. Return of 15.77%. If you bought after I posted on AMD on the 27th, it would be an average of 7.68%. AAPL: Bought the day before posting on 30 nov at 116.97, currently 122.25. 4.51% gain, still holding, pending how it respects the support at around 121. TGT: Got in at open on 25 Nov at 177.73, currently 175.03. (Had a TGT position prior to that, but for the purposes of unbiasness not included here). Current loss: 1.52%. Healthy pullback for target, right at the trendline i drew (refer to earlier post). Might be a chance to accumulate or enter a position if you havent yet got in! PYPL: Got in at open of 212.51 on 30 nov. Currently 217.77. Small gains of 2.48%. Still holding. Overall, a good week in the green, with multiple open positions. Therefore, excluding the unrealised gains, it would mean that my realised profit this week would be 16.6%!! Will be posting new stock ideas latest tommorrow so stay tuned. Would need a break from the markets in the meantime during the weekends. Stay safe and trade safe!
NASDAQ:AAPL
by Matt_odology
Bitcoin - Is the 19,000$ update ready - or a correction?I marked two strong levels for you: the 17500 mark and 17 380. These levels will serve the basis for starting from them and understand where the bitcoin price will moveHello traders. The first thing I want to say to everyone is that the upward trend is still relevant! judging purely because the trend ascending is what we see twice retest at this level, this indicates what is the priority still upward price movement if the price goes up the nearest target will be mark 18 500 the next target will be mark 18 700 and respectively $ 19,000 for 1 bitcoin in order to understand where will be movement needs to be based on data levels and build a certain flat range (Flat) When you see a candlestick closing on the 4-hour timeframe below 17200, (Please understand - not with the tail, but with the body of the candle, complete closing below this mark) feel free to look for a sell entry. since they will go to update the price - 16800 - 16500 - 16150. (where the price of the ritest will lead, I can't tell you for sure, but these values ​​will be worked out by 90% ) At the moment, I do not see any reason to look for a short position yet, as the trend is upward, and there are no special signs for a fall. Judging by the mood, expect the closing of margin calls standing in short. I ask every trader, whether you are a beginner or an experienced one, always trade with a stop loss. Since the statistics are bull run, I have always made a 30% correction - do not forget about it!
Long
by UnknownUnicorn13204076
2
Book Review: Price Action Breakdown by Laurentiu DamirWhen I started trading I was extremely excited about the possibilities that lay before me… The dream of changing your work ethic from “working for your money” to “putting your money to work for you” was intoxicating. I took every class, read every book, followed every “guru” I thought would help me get that ‘edge’, that secret sauce, to make me a great trader. Once I discovered what actually worked, and actually *did* the work of putting that knowledge into practice, I found that trading, like so many other things, follows an 80/20 rule, where 80% of your results come from 20% of your actions. I asked myself what was really important in trading, and I distilled it down to 2 points: Psychology, and Price Action. Notice, I put Psychology first. After reading about, backtesting, sim trading, and live trading so many techniques by so may experts I have distilled (culled?) the instruments in my trading toolbox to a select few. Like that scene in Gran Torino when Clint Eastwood is teaching his young asian friend how to “be a man” and learn to fix things, he gives him Duct Tape, WD-40, a pair of pliers, and said “This will help you fix half of your problems.” www.youtube.com Similarly, I now only have 2 books that I read or listen to a LEAST once per quarter. This advice in them takes care of 90% of my trading needs. This also helps me stick to the basics. Repetition is the mother of skill and we need to constantly be reminded of (and practice) those basics. Today I wanted to share with you one of those two books: Price Action Breakdown, by Laurentiu Damir. This book is going to put you to work. Trading, like any other skill, is something you learn by DOING. You can’t learn carpentry by simply reading a book. You can’t learn painting by only reading a book… you have to take a chisel to wood or a brush to canvas to put that theory into PRACTICE. Likewise, Laurentiu puts you to work trading, lesson by lesson, concept by concept. He simply and demonstrably shows the aspiring trader that all the information we need to decide to buy or sell is right there on the chart. No indicator, oscillator, or other doo-dads are needed. As he puts it, "The best indicator you can have is your brain analyzing the raw price movements.” He breaks down the specific patterns that we as traders need to look at to “see the opportunity” on the screen, notably value areas, excess price, control prices, and rejection areas. There is no mention of chart patterns (head and shoulders, triple bottom, cup and handle, ascending triangle, blah, blah, blah…) or candlestick patterns (bearish engulfing, dojo, shooting star, hammer…) - It’s all about price action. When you look at a chart and see who is buying what and where, you can make an educated decision on where to buy and sell right alongside the institutional market makers who are moving price. Quote: "Throughout this book, whenever I will discuss about buyer and seller behavior, I am talking about the long term traders. They are the ones who move the markets, it makes all the sense in the world to study their behavior, observe how price moves as a result of their actions, and formulate concepts, rules and strategies to follow what they do, to be in the same boat as them. We have to discover their footsteps and follow them." I’m a Kindle guy, and my trading partner bought the hardcopy on my recommendation. The hardcopy is a unique piece of work in terms of its layout, font choice, and stark coloring. I don’t know if it was intentional, but the fact that it is so physically *different* from other books almost makes you give what you are reading that extra bit of attention. My friend, too, owes much of his success to the techniques in this book so I never hesitate to recommend it. I hope if you decide to get this book that you will put all the necessary WORK in that is required to put concepts into practice… to imbed it into your nervous system so you can “see the money” on the chart just like Neo could see The Matrix and easily defeat what was previously an undefeatable opponent. youtu.be In a later article I will talk about backtesting - something that every trader needs to do to build up his skill, to test a trading methodology (such as price action!), and to help keep you “in the zone” (teaser for my next book review!) so as you develop and hone your trading skills, that you will keep that skill and sharpen your trading saw day by day and enjoy the benefits of being a professional financial trader. I would say 'good luck', but luck has nothing to do with developing the skill of trading just as it wasn't 'luck' that made Michael Jordan the best basketball player or Tiger Woods the golfer in the world. It was perseverance, grit, and repetition. Happy trading! smile.amazon.com
Education
by ocaptain
21
my first recognisable statistical loss i took a trade this week on AUDJPY that resulted in a loss that had many confluencing factors to take. in my eyes this turned out to be one of those losses down to probabilities, these happen and this marks my progression when i can recognise that these things happen. to note i felt 0 emotions at the loss. a trade i'd take over and over again until my data tells me otherwise. a position that was congruent with my plan and my personality when taking RE. check it out!
Education
by connorfx96
Quark Chain review.Quark Chain Review. Please, it is impossible to stress this enough. BE CAREFUL. When I look at this Graphic I can imagine people buying @ 0.00001051 and holding this coin today at an unthinkable loss! The deal is this one here: If the Coin managers do a fabulous job and survive, they will save themselves and their investors from crossing the point of no return. If we buy today and it survives, the BIG RISK TAKEN vill result in a BIG REWARD. Unfortunately that is the way The Market operates. We invest in this "THINGS" only money we can afford to see vanishing without blinking. I wish you the best of luck, after you do your own homework.
by Claudio18
3