In this detailed education video i show how i mainly make a living as a protrader. This is from fading breakouts of chart patterns. I show three examples of this in the past week from the nasdaq and talk about confirmation bias. I also show what its like drawing lines and patterns daily, win/ loss ratios as well as some thoughts of where the nasdaq might go in the...
BYBIT:BTCUSD I was in 3 long trades as Bitcoin dumped on the 26th of May 2022. I had 2 choices. Close my longs because I saw price dumping below my entry or look at what Open interest was telling me to determine if this was a fakeout. I saw price dropping as OI was dropping. This meant that longs were closing out their positions, which means that when this...
In this educational video, I will show you how to approach fake breakouts, and in which way the market behaves most of the time.
I hope you enjoy this video. RSI can help with spotting fakeouts as well. ENJOY!