Get started

TIPS

Tips And Tricks In PinescriptConclusion I’am starting with the conclusion since i don’t plan to be on tradingview for some time. Pinescript is a really easy to use and learn language and i had a lot of fun writing all my indicators, i remember the first time i used it, it was a really nice day and i opened the script editor to edit the awesome oscillator indicator, i changed the sma to an ema, how cute, changing a letter, i was 16. However we made a lot of progress in three years, i have often heard that i was a prolific, creative and talented indicator maker, and since my only goal in tradingview was to share and help people, i will leave all the tips and tricks related to pinescript i have to help you make great indicators. Show the code When publishing you can hide the code of your indicator, my first tips is to always show the code of your indicator/strategy except if you have a really good reason to hide it. Showing your code can help other people spot errors thus making you improve. If you think that your code is the holy grail and this is why you have to hide it i must tell you that there are a lot of researchers publishing papers that you can read about machine learning and other mega complex stuff applied to financial markets. At the end sharing is caring so share everything from your indicator ! Structure Your Code Its common to make an indicator, save it, and start a new project from scratch, then if you come back to the saved indicator you can get lost, this happened with me several times. First create sections in your code, then delimit each section with a commentary, commentaries can be made in pine with //, i personally use //---- but you can use whatever you want like //ma section or //plots etc. The name of your variables can also be important, i’am conformable with an alphabet like variable declaration. Therefore you could structure you code like this : study(…..) length = input(14) //---- a = … b = … c = … //---- plot(…) So try to find a structure style such that you will be confortable with :) Making Different Types Of Filters in Pine There are different types of filters, i explain each ones in my post Digital Filters And DSP . Here is the code to compute all common types of filters : low-pass (lp) = lp(x) high-pass (hp) = x - lp(x) bandpass (bp) = lp(x - lp(x)) band-reject (br) = x - lp(x - lp(x)) with a simple moving average this give you : low-pass moving average = sma(close, length) high-pass moving average = x - sma(x, length) bandpass moving average = sma(x - sma(x,length),length) bandreject moving average = x - sma(x - sma(x,length),length) This is a easy way to compute each filters types. You can use other filters types instead of the simple moving average. Understand The Exponential Window Function The exponential window function is my favorite equation and in my opinion one of the most elegant thing i had the chance to use. This window function is widely used and have the following form : alpha*x + (1-alpha)*y or y + alpha*(x - y) alpha is called a smoothing constant, when a = 0.5 you are just computing the average between x and y because a = 0.5 and 1 - a = 0.5, therefore you end up with : 0.5*x + 0.5*y = (x + y)/2. But the beauty of this function is that as long as a is greater than 0 and lower than 1 you will give more weight to x or y depending of a. There are a lot of indicators using this, the most well known being the exponential moving average. Rescaling Inputs in A Certain Range Scaling involve putting the input in a certain range such that the output is always equal or lower than a certain value and always equal or higher than another value, there are several ways to rescale values in a certain range, here are some ways to rescale values in Pine : rsi(x, length) - rescale values in range of (100,0), higher length will converge the results toward 50, if you don’t want that use smooth values for x. stoch(x,x,x,length) - rescale values in range of (100,0) correlation(x,n,length) - rescale values in range of (1,-1) sign(x) - rescale values in a range of (1,-1), 1 when x > 0 and -1 when x < 0. x/highest(x,length) - values will always be equal or greater than 0 and equal or lower than 1, when x is high the output will be closer to 1. lowest(x,length)/x - values will always be equal or greater than 0 and equal or lower than 1, when x is low the output will be closer to 1. a = change(src,length) b = abs(a)/highest(abs(a),length) * sign(a) - rescale values in a range of (1,-1) a/(a + b) - rescale values in a range of (1,0) if a > 0 or (1,-1) if a < 0 as long as a < (a + b) (x - b)/(a - b) - rescale in a range of (1,0) if x > b and a > x. see also : Use operations to scale in a desired range, when the rescaling is in a range (1,-1) use the following operations : 0.5 * rescaling + 0.5 if you want to rescale in a range of (1 + rescaling) * (maximum/2) if you need a custom range Use Recursion With The Exponential Window Function Recursion is the process of using outputs as inputs for a function. Pine allow you to use outputs as inputs thanks to the nz() function. Lets use an example, imagine the following code with the version 2 of pinescript : a = change(nz(a ,close),9) This code compute the difference between a and a 9 bars back, now when the code will make the first calculation you want a numerical value for a because a will be equal to na (non attributed), this is why you need to have an initial value (also called a seed) for a and this is what nz() do , attribute a value to a when a = na. By running the code above you will end up with a periodic results, so how can you use recursion with your indicators ? Here the following code example show you how : alpha = 0.5 a = scale(close, length) b = function(alpha*a+(1-alpha)*nz(b ,a)) When you want to use recursion in a function you must first declare alpha, alpha can be any value as long as alpha is greater than 0 and lower than 1, then you must scale your input (here the closing price), this is done because depending on the price scale you could get different results when using recursion, when your rescaling range is low (1,0) your results could be more periodic than in a range like (100,0). function is the function you want to use, if you rescaled the input you should use a function that don’t plot in the chart, if your function is a simple moving average sma or another filter you won’t need to scale the input, however if you use function such as change, rsi, stochastic…or any other oscillator you will need to rescale the values in a certain range. Recursion can help you get smooth, predictive, periodic and reactive results. If you need adaptive results you can even make alpha a variable by rescaling something you want in a range of (1,0), for example : alpha = scale(tr,length) a = scale(close) b = function(alpha*a+(1-alpha)*nz(b ,a)) Create Adaptive Exponential Filters Easily Adaptive moving averages are greats because market exhibit a dynamical behavior, so adaptivity is a good way to have really great filters. An easy way to have adaptive filters is by using exponential averaging, in short using the structure of an exponential moving average, the ema of x is calculated as follow in pine : y = alpha*x + (1-alpha)*nz(y ,x) which can derived to : y = nz(y ,x) + alpha*(x - nz(y ,x)) where alpha = 2/(length + 1) As you can see we go back to the exponential window function and thanks to this function the ema is really efficient to compute. An adaptive filter will use a variable alpha instead of a constant one, so as long as 1 >= alpha >= 0 you will get an adaptive filter. If you want to adapt the filter to market volatility just rescale a volatility indicator like the atr in a range of (1,0), in pine this would look like : alpha = scale(tr,length) y = alpha*close + (1-alpha)*nz(y ,close) If you need alpha to decrease when length increase you can divide your rescaling by length, for example if you use the stochastic of the true range as alpha you can make : alpha = stoch(tr,tr,tr,length)/100 / sqrt(length) y = alpha*close + (1-alpha)*nz(y ,close) Create An Adaptive Simple Moving Average In pine you can compute a simple moving average by using the sma() function : sma = sma(x,length) now imagine you want to use a non constant length, like for example the barssince() function, well you can’t because the sms function only work with constant integers, so how can you use non constant integers for calculating an adaptive sma ? Well you can derive the sma formula like this : length = barssince(cross(close,vwap)) + 1 rsum = cum(close) asma = (rsum - rsum )/length Make sure that length is always greater or equal to 1, if length is a float use the round() function : length = round(barssince(cross(close,vwap)) + 1) Use Fixnan For Colors When plotting an indicator with a plot fonction using a condition to change colors, you will have a different color if the indicator value is equal to its previous value, this image describe this case : with : a = highest(50) c = if a > a lime else if a < a red plot(a,color=c) Instead you can use a ternary operator and use fixnan to fix this issue, the plot code look like this : plot(a,color=fixnan(a>a ?lime:a 4000 ? 1 : 0 b = sma(a,length) plot(a),plot(b) The time it takes to the filter to get to the maximum value of the step function will tell you about its reactivity while seeing if the filter exceed the maximum value of the step function will tell you about its overshoot response, after an overshoot the filter can also go back under the step function, this is an undershoot, there are also tons of other things about the step response like ringing, but some only happen with recursive filter like the ema. In order to check for smoothness against another filter you can use this code : a = abs(change(filter1)) b = abs(change(filter2)) If you see that filter 1 have overall greater values than filter 2 it means that filter 1 smooth less. Estimate A Gaussian Filter You don’t really need fancy math’s to make a gaussian filter, the central limit theorem will help you estimate it just fine. A gaussian filter is a filter which impulse response is a gaussian function (bell shaped curve), a gaussian filter can be approximated with this code : a = sma(sma(sma(sma(close,length/4),length/4),length/4),length/4) In short the more sma function you add the better the estimation. Some Other Tips You can declare a float by using 0. instead 0.0 You can find the average highest frequency of a signal a with : b = a > a and a < a or a < a and a > a ? 1 : 0 c = 1/(cum(b)/n) * 2 Learn all the shortcuts, some in mac : cmd + enter = add to chart cmd + i = new script cmd + click on a function = display the reference manual of the function Double click on one indicator line will display its settings window. Know some maths, its not a requisite but it sure help. And finally work and share with a group, its not something that i did but the truth is that it help a lot. Final Words I can’t cite all the person i want to thanks, there are to many, but without support its hard to improve, so thank you all. If this article helped you in any way then i’am more than satisfied. Oh and if you want to thanks and support me for all those years just use, change, improve and learn from my indicators as well as sharing your work or knowledge and have a lot of fun, that’s all i want. Lets conclude this adventure with the memorable thanks for reading !
Education
by alexgrover
12
Basics special edition. The 4 kind of support.Can you tell from the chart what the main 3 supports are? :) A- Horizontal lines. The price has a tendency to react to these lines... Every one knows about horizontal lines of support and resistance. These horizontal supports and resistances have to be drawn on swings high/low. Wicks or closes can be used... Here are a few examples: B- Diagonal lines Another type of support, alot of people do not like this because they don't understand it "Uuuh trendlines are a scam when I hit my head on a wall then buy on the line for no reason other than the line I don't make money". Very good like horizontal levels. Wicks or closes can be used... Here are a few examples: C- 0.618 An important one, I think especially with currencies but I am not sure about that. Drawn from swing low to swing high. Alot of people look at it and think it matters, hence it does. Here are a few examples: D- Other Those were the big 3. Horizontal lines, Diagonal lines, 0.618. I only like the 3 and ignore the rest. Other elements can be used, such as moving averages, psychological round numbers, and I don't know what else that's it I would say. Here are a few examples: These are the basics that every one should know, but very few actually do. And they go risk 10% per trade not even knowing this lol. Good luck being in the 9%. Of course, there is more to it than this, these levels can be relevant or not, drawing lines (a & b and even C sometimes) is more a skill than an "exact science" you can just automate. How to look at the correct supports and ignore the bad ones? What conditions to enter? Where to enter and stop loss and target? How to draw them correctly each time? This is for me to know and you to find out :)
TVC:GOLDEducation
by MrRenev
BITCOIN: The BEST CHART AND ADVICE you have ever seen! ;-DHey cryptomaniacs and traders, welcome to another analysis...no sorry. I just wanted to wish you all a HAPPY EASTERN and want to remind you that coins and money is not the important thing in LIFE! Do I got some adviced for you? Yeah! I know we all might be chart-addicted and love to trade - We always check our portfolios and news. But all this can be stressfull, right? Take the time to recover - Refresh your mindset and don`t forget to celebrate Eastern with your family - You never know how long they stay! Health, freedome, time, family - All this is way more important than your financial freedome. So grant yourself a little break and focus on the real important things before we head into the next week. You will feel refreshed and happy! And a good state of mind will cause better decisions - and better trades. SO HAPPY EASTERN EVERYONE:-) -------------------------------------------------- Peace Irasor Wanna see more? Don`t forget to follow me! :-)
COINBASE:BTCUSDLong
by Trading2ez
8
Treasury Inflation-Backed Securities Sending a Signal #Gold $TIPIn "Emerging Markets Lead U.S. Inflation," it was pointed out that emerging market equities (EEM) act as a leading indicator to U.S. inflation by an average of 6.5 months. In 2018, emerging markets peaked in January, and U.S. inflation saw its multi-year high roll over. In higher inflation environments, capital inflows to emerging markets primarily due to the fact many are commodity producers. When looking at capital flows into EM-nations and real treasury term premia, inflows are partly responsible for driving up interest rates. Money flows into emerging markets continues to has a strong relationship with Chinese monetary policy. Treasury Inflation-Protected Securities (TIPS) may be sending the signal that last year's deflationary push in asset prices and commodities aren't over. These bonds are indexed to inflation and backed by the U.S. government as the bond's par value adjusts with the inflation rate. TIPS generally move with the trajectory with consumer prices (CPI), but instruments like iShares TIPS Bond (TIP) ETF gives a real-time, market-based look at inflation expectations; and it's not stellar. TIP price action has traded sideways since the 2012 all-time high that coincided with the sharp rebound in real yields (nominal interest rate minus inflation). The quick breakdown in 2018 was largely due to the rapid rise in real yields, which is something I predicted going back to December 2017. The inverse correlation with 5-year real yield and TIP is quite apparent and directly affects gold prices. If TIP remains under 110, price action will be consolidating underneath a decade-long former support - now resistance - that will likely play out unless the Federal Reserve reverses their monetary tightening, which is disinflationary by nature. 5-Year Real Yields & TIP The further breakdown and selling of inflation-protected securities will probabilistically become unavoidable unless the trajectory of both growth and inflation accelerate and inflation, currently 190 bps in the U.S., outpace consumer prices. If I were to apply the TACVOL process to 5-year real yields, the risk would be to the upside 122 bps/79 bps. This is not to suggest real yields could not fall, but that would be up to how the macro drivers filter throughout the data. In that case, TACVOL would be updated immediately. What it is suggesting is that real yields are approaching the intermediate range bottom, and the combination of tighter financial conditions/monetary policy and falling consumer prices are not done running its course. Unless, TIP can gain momentum from current levels, we could see a repeat of 2015. Subscribe to The Macro Strategist and find out more about real yields and how they affect a currency and gold prices.
AMEX:TIP
by TheMacroStrategist
Bitcoin Short-term analysis for upcoming daysWhat is your price target for 01 December 2018 on Bitcoin? Please answer in the comment section with exact price what you expect. Several facts to make a decision: 1. Price located at 5600 support level (5300-5500 Bitmex/Bitstamp). This zone was short-term reversal zone for October-November in 2017. 2. Now candlesticks show hammer pattern in this support range. 3. RSI located at 1184 daily low (more that 3 years), so its extremely oversold now. So this allows me to think that we can wait for RSI rebound at least for 40 level. What is your price target for 01 December 2018 on Bitcoin? Please answer in the comment section with exact price what you expect.
BITFINEX:BTCUSDLong
by ArShevelev
34
13 tips for tradersI had this on my hard drive, I thought I would wipe the dust of it and write in in a clean manner in a post, helps me think more clearly. I need, and everyone can benefit from (new intermediate advanced legend even), having all of this in their mind: 1) Advice that trading is 95% psychology ===> Throw it in trash container Worse advice I have ever seen, or I totally missed something. Anyway, simple proof that this is all a load of feces: 5% of the population are psycopaths (not the murdering kind) so if this was that important they would all driving roll royce's. Also I am not a psycho (I think) and I do not have much issues with this... I guess not beeing dumb enough to go ALL IN *100 helps. Also... then, let's just let a bot do the trading. Making lists like this learning more everyday and always evaluating our own performance and track record, filter what does not work in certain market conditions... This matters 10000000 times more than "muh feeling :'(" 2) Look for ideas opposite to yours, especially beginners (less than 1000 hours trading/learning) Watching what others are doing helps, and when you have an idea looking for views opposite to yours really helps. Famous billionaires do this alot. Especially they surround themselves with people that view the world differently. Of course, do not waste time arguing with bagholders, and sadly alot of ideas opposite to yours you might find are trolls drawing arrows pointing up to unrealistic targets, it could even convince you that the "opposition" are clowns and there is no way you could be wrong, so do not fall for that trap. Just because someone is stupid does not mean they are always wrong. Consider bad TA as 50/50. 3) Noobs want a sure thing. Good luck with that one. 4) "It is impossible or super hard to make money you are competing against the best" ==> Trashcan advice... First, for lighting fast scalping they are using microwaves now... You are not going to win, sure. But not only is the competition really not that good (maybe I am a little biased here idk), but you do not even have to compete with them. Big money buys, just follow the momentum, ride on their backs. Forex is full of huge money (central banks, international companies buying a currency) they are not trying to rip traders off by hunting their stops, they actually need to exchange currencies, nothing more. Beeing arrogant and thinking every one is a dumb ape but you is probably a big plus :) All that matters are facts, "Is this pattern profitable?" "What is the winrate?" "What is the risk reward I get on average" "How long does the trade last?" "What are the fees?" "What are the odds of a massive selloff?". 5) "We dropped 90%, this HAS to be the bottom. How much further can we drop?" We can drop another 90%. And another 90%. And another 90%. And so on. I did not find any statistics but I am pretty sure that looking at ANYTHING that lost 90%, you would find that the vast majority of the time it was not "a huge opportunity" well it was, but not for buyers. Afaik some great traders made and make big money by shorting dead trash before it goes to zero. If a company is dead, how do shortsellers find buyers? Because to sell you need a buyer. Well, all the idiots that skipped math class and think "this is a great opportunity". Quit trying to fool me, I am insanely bad at maths, how can you drop 90% if you alreayd dropped 90%? How many more times can we drop 90%? * points and laughs with his redneck friends that only have 5 great-grandparents * x is a real positive number (R, +, .). y is an integer. x^1 > 0 since we have said that x is >0 and x^1 = x Now, consider x^y > 0. If that is the case, x^(y+1) >= 0 since x^(y+1) = x^y * x and the product of 2 positive number is positive. And if the result was 0 then it would mean than 1 of the 2 numbers was 0 (I think I don't need to prove this) so it will be > 0. There are plenty of stories of money managers that fell for "it CANNOT fall lower" and got destroyed. The internet is full of bagholders that get destroyed all the time with that insane logic. I do not even profit from this... Maybe I should rethink my whole strategy, when I see the sheer amount of bagholders with "buy the dip" mentality I could profit from...Might have been wasting my time this whole time when I could just short bagholder crypto's/stocks. Well maybe not crypto's as they are long sideways (complacency) lmao complacency @ -95% :D 6) "Soooo this means... y can be as high as we want it to, or in other words the number of times we can go down 90% before touching 0 is INFINITE." I do not know what the "record" is. I know that some companies have started at 10000$ and more and did not disappear even when their price was at 10 cents, that is a drop of 90% 5 times in a row. There are several examples, but 1 I see alot on social networks (lots of experts were recommanding to buy the dip "opportunity of a lifetime" when it dropped 90%) Of course it made 5 90% drops in a row looking at bottoms, but if we look at bounces from the tops after it bounced, it is obviously going to be more than 5. You just... cannot make this up.. And there are people defending it and claming they did the right thing when they "bought cheap" and are thinking of their yacht color etc. I cannot make this up. 7) Use excel. Have a process. This kind of stuff. Here is what I have for 1 of my strategies, I just wrote it down yesterday, helps me think more clearly and stop thinking about it: Pre-entry: Check previous occurrences on the chart, do some TA. Note where structures are. Entry: Entry is on the level or if we're past it a little after previous low. Target and stop loss: Initial target T1 is next structure, usually 1% for FX. Set stop loss to get a reward:risk of 2. Trade management: Close half at my target 1, stay until final target as long as the price stays above 0,382 to 0.5 fib. Here is an example of a winner I would have shorted following that strategy: Another one: 8) Money is made missing out. You make money when you miss out. Let me type this a second time: YOU MAKE MONEY WHEN YOU MISS OUT "You missed out" that sentence... wow. I do not know about others, but when I miss out a move, I like it, I am happy now, I really am. Because I know I am filtering all the bad trades. If even some good ones get caught, then I must be doing a good strict job right? Let's check the Bitcoin chart real quick. Here are a few moves I missed out: a- False break b- Buy the dip c- Big money is stepping in - Yes, people really thought a major bull market was starting. Easy to say how foolish that was in hindsight, but back then I was pretty lonely saying that was a bull trap. Even got banned from TV for calling it a bull trap. 9) Do you want to have a life? Or be exceptional at one thing? Having a life translates too: beeing basic sheeple that tries to mirror the people around him to avoid feeling different, does not have it in him to do whatever he wants but a slave to what others think of him/her, and has a boring depressing life he hates and should hate. Be a sheep or be a winner, your choice. 10) Day trading is bad, you can only make money bla bla bla. The only reason why daytrading is less profitable than say swing trading is spreads. I do not have the exact numbers here, but a broker analysed the millions of trades his clients took, and the majority of losers... Their losses equaled the fees... You aiming for an intraday 0.3% move and the spread is 0.02%? That is 6.6% of your profit. It can add up really fast. You need a large edge and alot of "margin" as in much more profit than losses to not get hit by fees. I was daytrading a couple of months ago, I filtered so much I had 3 trades a week. And all winners. 3. In a week. "More is better". There is NO WAY that someone making 10+ trades a day is only taking really awesome trades and not giving up alot of his profit to his broker, unless he is trading crypto on Gdax/Bitmex but crypto trading is dead now. I did it all, and it all works, from scalping for a few seconds to holding for 2-3 months. But you have to spend a little while writing down what you want to do, make sure the fees are small compared to the profit you realistically aim for. 11) Become a specialist. Find 1 strategy and spend all your time on that. Or find 1 market... but that one... Nah find 2 markets... What will you do when your market is sideways/dead? I have 1 single strategy, I am learning about other ones at the moment but I only really have one. 12) If you are new... go for a SIMPLE strategy, do not try to reinvent trading and be greedy. These are the strategies I am looking at: - My strategy is picking tops and bottoms where reversals happen (advanced, I would not recommend to most :p) - I am learning about hidden divergence (trend continuation) (intermediary difficulty) - I am interesting also in continuation inside bars when there is strong momentum (beginner friendly) Actually my strategy has to be one of the hardest there is. I use divergence as a filter + additional reason to go against the trend. I have become an amateur-expert at reversals. I know, this is terrible, every one says not to go for this, but it worked for me till now. I still can use ALOT more experience. Maybe one day I will call myself an expert. This strategy, if I am correct, is where greedy noobs get slaughtered. It is not easy, it is so dangerous. Sure you look at the chart and think "oh these divergences pop out, I could easilly buy here and sell here". Or "This was a clear bottom/reversal I could easily buy here". Nope. Sorry. You could not. What I started with was basic trendlines. I would look for anything bullish and buy when the trendline is touched, then sell when it goes ballistic, if it drops below the line I AM OUT. I was not very excited about making money when I started, but I really really did not want to lose any. I think this is the approach people should have (right?). Here is an example of a trade I took a year ago before I got bored and switched to another non recommended highly dangerous strategy :D 13) Trading is easy, but it takes time, and all these other qualities you have heard about. Take something simple: Support and resistance. Pretty basic. Just horizontal lines. Well, I think I am someone smart, I am a very fast learner, and I do not exagerate when I say I spent THOUSANDS of hours analysing support and resistance. Plus at least several hundred looking at RSI divergence alone. Plus hundreds looking at market life/cycles. Plus hundreds looking at different market conditions. Plus hundreds looking at moving averages. In total I am at 5k in a year. To become an engineer, you will need 5 years (is this the same in all countries? Can't be much different). You get 200 class days a year, 8 hours a day + 1 for homework (well maybe some people need more idk OR skip all lessons skip homework and rush rush before exams works too I guess) so that's 1800 hours a year or 9000 total. Of course you learn alot of useless stuff, but when you start working you have to learn your new craft anyway. Would you let an 18 yo surgeon on his year 1 operate on you? Would you expect him to reinvent surgery? Yes actually, but not in the good way :D Now trading does not require 10 years of studies (hey especially if you full specialize on 1 thing and 1 thing only), but I think you will need a couple thousand years under your belt to really know what you are doing. If you are lucky and have the qualities of a good trader in you as you start, and go for that 1 simple strategy and nothing else and respect all the rules (easy as you already have all the qualities) you could start making money pretty quick but not too quick (you have all of the qualities = you don't risk too much when you don't know what you are doing), you might get hit when a bull market turns to bear, but you will not get hit hard as you have all the qualities a trader needs. Otherwise, it will take time (or beginner luck), and in both cases before being really good you will need a couple thousands hours under your belt. So, the best advice you could get: if you do not like this, forget about it. Do not force yourself. The power of greed is not going to turn you into a millionaire even if you really really want to. It will turn you into a hobo thought, for sure.
Education
by MrRenev
My top 10 most idiotic advice you get out there.Hello, and welcome to my top 10 of the worse pieces of advice you hear in trading, or simple "commong knowledge" that either make me go "HAHAHA" or my brain go "AAAAAAAAAAAAAAAAAAAAAAAAAAAH". 1/ Trading is hard/easy. You have to git gud at trading. At least learn how it works unless you already somehow knew. Everythign is relative, so for sure trading is not easier than flipping burgers or whatever. Even uneducated workers learn what they do before doing it and they have to be decent at it. Trading is not easy in the sense no brain eyes closed clic a button become instantly rich... I can guarentee you 100% of the "legends" are just fools that got lucky with their first few trades and they end up blowing up very quickly. Out of 50.000 people don't think a couple hundred can have 15 wins in a row in their first trades? What usually happens when someone completely ignorant gets lucky? Trading is not hard either. It is being called the hardest job in the world, somethign so difficult every one fails. Nah, it's super easy peasy. Just like maths at school. Easy. People hate it because they are too dumb and too lazy that's all. Just quit eating pizza and drinking in front of tv go learn how this works backtest a strategy and apply it then you can sleep 12 hours a day and play video games the rest of the time as I do. No brain and easy. Personally, I still keep doing research and looking for more strategies in case my 2 main ones stop working for some reason, and out of boredom tbh. 2/ You cannot make money trading small moves over a few hours. That is gambling. Haha just the usual sad person that failed hard and now make these affirmations. Ever notice how big failures and the dumbest people are totally closed to anything they do not understand? And how morons think they are always right? Do whatever you like and works for you. 3/ Make your chart timeframe fit your trading timeframe. Daytraders should look at the 1 hour chart, scalpers the 5 minutes, investors the daily, etc. No? NO. NO. NO. NO. Idiot. What timeframe should you look at if you are an investor? The daily. What timeframe should you look at if you are a daytrader? The daily. What timeframe should you look at if you are a hfscalper? The daily. What timeframe should you look at if you are swingtrading? The daily. What other timeframes should you look at? The small ones. Shouldn't long term traders try to get the best entry they can if possible? 4/ No one is right all the time, you have to be willing to accept making mistakes regularly. What? Omegalulwut? What an idiotic piece of advice. DO. NOT. MAKE. MISTAKES. EVER. If you mess up slap yourself and vow to never do this again. There is no right or wrong. You look at the odds. You look at the risk to reward. You look at the frequency. You make your system/strategy perfect and you follow it to perfection. If the winrate is 70% you are not wrong 30% of the time, you are RIGHT 100% of the time as long as you follow that system and get 70% winners. People are so garbage at both math and plain talking english. This is probably the reason why I keep seing this advice. Or do they actually mean it? Can't tell XD Ignore anyone that cannot make a complete coherent sentence. 5/ RSI overbought/oversold RSI. Relative STRENGTH index. Not Relative weakness index. Not Relative "oh la la we went up alot we soon go down". Not Relative overbought index. Relative STREEEEEEEEENGHT index. SSSSSTRENGTH. S-T-R-E-N-G-T-H. As in strong. Shows how strong a trend is. What kind of complete inbred that should end themselves invented the idea of selling something because the trend is strong? Or buying something weak? Saw the "overbought oversold signal recommendation" on Fidelity. Here. www.fidelity.com They point to when the RSI is at extremes and show "see? It went down". In 1 case after getting into overbought/sold conditions it goes up 10% before retracing, on the other case it dump 5000000000% before bouncing. And they actually have the audacity to display this on their "education" page? That example? But at least they are careful and not literally telling people to trade based off that. They are just showing pictures to get them excited right? Oh if you sell at the very top and buy at the very bottom you make 69% kappa. Just using the words "oversold" and "overbought". Stupid as hell. If water becomes super scarce I can guarentee you it will get "overbought" very fast. But what moron would call that overbought? If anything it is not bought enough. Underbought. What works is (on the daily chart) RSI divergence. Strong trend getting weaker ==> that's when you consider selling or buying. Not when it is strong as hell. 6/ If you bought Amazon back in 2001 you would be this rich. Better odds at the roulette table. At least there are some rules. Not buy "random thing" at "random time" AND sell it "at random time". Where do you enter and why? When do you exit? 7/ “Letting losses run is the most serious mistake made by most investors.” Absolutely wrong. If they just let their losers run wild they are not investors but cattle. Meant to get ripped to pieces by predators and sustain them. 8/ "We dipped 30% today as the weak hands got shaken out" Similar to the previous point. Also, anyone using the term "weak hand" non ironically should get a rope. 9/ "So what is a hot investment now?" Unless you are asking this question to know what to sell, get a rope. 10/ "We are down 30% and they are calling for zero. I am buying aggressively because that is what they said last time and we went up." Roooooope.
Education
by MrRenev
6
XRPBTC Primary PredictionGang, I am going to keep experimenting with this pattern. I think we are going to see a correction around 6,450, but that's okay we will still hit our target on the chart. Buy the handle. Set a tight stop loss. 5-10% loss with close to 50% gains. Let's get it gang. ***A 100% drop playing out throughout the rest of the year is still very possible. If you ask me though the bullish risk to reward on the long term is mind blowing. We are in buying territory on the long term. ***Always remember to pay homage to the gang, and keep movin that bread. \w/ ***LTC TIP JAR: MNW7HLttWjNzwEEMsDYpMNEUWi1Kct6vVr
Long
by SheepGangShepherd
Today's Lesson (#4) : Adjusting the leverage to volatilityIn this educational content video I had to cover one the biggest noob trader mistake, trading with too much leverage. That's basically what flushes out almost 80% of the noobs. Getting the margin call, putting more money into trading than you initially expexted. All of this is well known as gambling problems. And the recent flow of beginners who went to the markets with hopes of easy gains, most are now feeling the painful experiment of what the market is doing to fools. So I hope you'll learn something important today with that lesson. Cause if you don't, then you'll probably have to learn it the hard ways later...
BITSTAMP:BTCUSDEducation
by PRO_Indicators
13
BTC goes down, BCH goes up & Viceversa 2018I know, you don´t like Bitcoin Cash couse they claim to be the real Bitcoin. Actually that's another topic. In this 3x chart we can see how there is massive capitalization pushing BCH up and coming back, so this is not only trade marks, furthermore it is the ideology of decentralized virtual currency, "how the developers have to be decentralized"... Back to the chart, we watch how just after opening the trade on GDAX America, the price went up passing the mid-flippening It had another try after this. What is on my mind? This 2018 everytime BTC will suffer, BCH will rise.
B
by therock3xr
2
How To Profit From Any Coin (Simple Strategy 4 Beginners)Hello my fellow crypto-traders (my dearest souls). I want to share with you a very simple but powerful strategy. A strategy so simple that anybody can use with no knowledge or background in trading. After just reading this educational idea, you can use it forever and ever, or use it as a stepping stone to learn even more. Let's get started. Here I want to share with you how you can look up your own coin, take a quick glance at the chart and prepare yourself to profit massively in the long run from it. For this strategy to work, you will need just a few basic ingredients. 1) You need to research a coin that you would like to HOLD for LONG and profit from. 2) Make sure the coin is at its lowest, or near its lowest point. 3) A coin with a real world use, a product and active developer team. Now, here is how the strategy works. For this example, I will be using Siacoin (SC). 1) The first thing is that this coin has a real product that people can use and has been in the market long enough. So I know it will still be here a year from now or more. Or at least that's the potential based on my research and past record of the coin. 2) Open this coin chart. You can set the time frame to 1Day or 1Week and zoom out. This will allow you to see the whole story, the bottom and the top. You can also add some indicators like MACD and RSI for fun. If you don't know how to use them, it is ok, but you should learn, because if you are going to be trading, knowing this will only result in an advantage for you. For this example, Siacoin top was 0.00000838 on June 2017. The price is seating near bottom or at long time support at 0.00000050 in this example. Now, long term coins with real world use product and an active developer team always tend to challenge its top price at least once a year. In this case, the difference between the bottom price and top is about 17x. That's your profit potential. 3) Start buying your coin. Anytime you can and every time you can, buy some of these coins. Build your stack and keep on buying. As an example, let's say you are going spend a total of $1,000. It is better to buy $50 every two weeks for 10 months, or $100 per month rather than $1,000 all at once. This is another strategy but I will tell you about it another time. You can also choose to buy all at once as you chose a coin that is already bottomed out. AND THAT'S IT. Buy your coin and hold. Buy and hold. At one point, you will see something really beautiful happen. News are going to be announced, upgrades are coming to the protocol, new products are going to be developed and released, and your coin value will explode. At this point, you already have the potential to earn 17x. But if the top is broken you can earn even more, way more. As 1 year can be equal 10 years in the crypto-world. On top of that, the Bitcoin price can also increase, giving you a double benefit on the earnings from your coin at the time you sell if that happens. You are to sell near the top, after the top is broken or when you feel comfortable with the amount of earnings that you have accumulated based on the amount of time and money you put into the coin. The price swings will always happen and they don't matter. Just keep buying on every dip. So all you have to do is research a coin. Something that you agree with, with real world use, a product, concept and developers team you like and start investing in it. In a few months time or more, you can make such a big gain from this coin following this strategy, that it can change your financial life. Everything just for a few minutes of your time and the ability to be able to widen your perspective and look at the long run. Short term is overrated, ask any professional trader. And that is all. Hope you enjoyed this strategy, and you can even apply it to this very same coin. NAMASTE.
by AlanSantana
49
altCoin recovery season - go NEO, kick some asses!After the huge altCoin sell of most of them will recover to new ATH soon. BTC is moving sideways, most likely until the 25th of October when people start to realize, there is no free money, since Bitcoin Gold will be worthless ... Bitcoin Gold holder will exchange again real BTC . This will let Bitcoin Gold tank hard. Some ppl will cash out that BTC to real FIAT money. This will cause another price drop for BTC . Trust me, I want it that way!
Long
by TraderHase
Tip 10: Slow Decline Will AccelerateTip 10: Slow decline will accelerate, don’t copy the bottom and wait for slump Tip 10 needs to meet three conditions as follows: 1. The price declines along the MA5 and MA10; 2. The rate of fall is not sharp, but new lows are created continuously; 3. The price will accelerate and deviate from the MA. Usually, the price slides slowly, and correction is small bullish candles, then rise again along the MA5(attack line) and MA10(defense line). If the market move as this, don’t guess where is the bottom, just sell at correction. When the market accelerates as several large candles with long wick and price is far away from MA5, the phased bottom is likely to form. This is more effective in big time frame.
OANDA:XAUUSDEducation
by AdamHong