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My rec who loses too much on trading. Relax and gain knowledge I recommend to stop trading who loses too much. Instead you can run AI trading bot in OKX platform. My referral okx.com 1) Choose Future DCA Martingale 2) Go to AI strategy tab 3) Choose ETHFI/USDT perpetual (with other pairs you should put big amount, but with like ETHFI, TON you can only put around 30 coins) 4) Choose Mid-term moderate bullish (Short-term aggressive bullish, doesn’t work well for me and haven’t tried long-term last one from list. Only use mid-term, that’s should be enough) 5) Don’t touch leverage, leave as is 6) Put amount of sum (I actually put all what I have) 7) But you should check after BTC movement, if BTC in downtrend stop the bot, if it reversal to uptrend then run again AI bot. With other all bots, didn’t get the same result. 8) That is it. Just wait and you can see how AI earns for you. This is better than lost money every day. With this method you can relax. When you will ready and gained trading knowledge, you can return to analysis and to earn more. You can also select SPOT DCA Martingale and same settings. I think this method fits to new in trading system. This is my referral okx.com

Education

Investing in Crypto There are approximately 22,932 cryptocurrencies in existence. The image above shows the hundreds of cryptocurrencies on TradingView's crypto coins heat map. Click here to interact with the heat map With so many cryptocurrencies, how does one determine which, if any, are worth investing in? In this post, I'll explain how I sorted through thousands of cryptocurrencies to identify a small handful that met my investing criteria. This is post is meant to be educational, but is not meant to be financial advice. I began by using TradingView's crypto screener , shown below. I filtered out cryptocurrencies with a market cap of less than $100 million. In my opinion, cryptocurrencies with a market cap smaller than $100 million are too volatile and illiquid to safely invest or trade. Assets with a such small market cap can also be prone to price manipulation. The low volume and illiquid conditions also tend to result in poor-quality charting data. I analyzed the charts of over 200 cryptocurrencies with a market cap of over $100 million. To account for the possibility that a cryptocurrency under the $100 million market cap was growing fast enough to eventually become a candidate, I re-screened all the cryptocurrencies by market cap at a second point in time (6 months later). I also performed both screenings during the current crypto bear market when fewer new cryptocurrencies were coming into existence. I observed that most cryptocurrencies decayed in value relative to the U.S. dollar. When an asset decays in value relative to the U.S. dollar this generally means that the market believes the asset is becoming worthless. Since the majority of the most highly capitalized cryptocurrencies were decaying in price over time, I assumed that lesser capitalized cryptocurrencies were also decaying in price relative to the U.S. dollar. Therefore, I concluded that most cryptocurrencies are becoming worthless over time. To objectively determine whether or not an asset is decaying relative to the U.S. dollar one can apply a regression channel to the entire price history of the asset. If the channel is downsloping, then the asset is decaying in value as time passes. The chart above shows an example of a cryptocurrency that has decayed in value relative to the U.S. dollar. Most cryptocurrencies decay in value relative to the U.S. dollar. (Note: Although the denominator is Tether the chart has been adjusted to USD.) Although most cryptocurrencies decay in value over time, dozens of cryptocurrencies move up in value relative to the U.S. dollar over time (and have an upsloping regression channel). For these high-performing cryptocurrencies, I then used relative strength analysis to determine the best investing candidates. For each cryptocurrency that had a market cap of over $100 million and that had an upsloping regression channel relative to the U.S. dollar over its entire existence, I analyzed the cryptocurrency relative to Bitcoin to see if it outperformed. If the cryptocurrency decayed over time relative to Bitcoin (downsloping regression channel), I removed it from my list because I concluded that it would be better to just invest in Bitcoin. Although I excluded crypto that underperformed Bitcoin, I could not reach the conclusion that crypto that outperformed Bitcoin was worth investing in until I first validated the conclusion that Bitcoin itself was worth investing in. While a quick glance at the price history of Bitcoin, as shown below, may convince many people that Bitcoin is worth investing in, I needed an objective, evidence-based, and mathematical method to determine whether Bitcoin is a wealth-building asset or merely a speculative bubble. Fortunately, chart analysis can help us infer if an asset is a speculative bubble or actually wealth-building over the long term. In a prior post, I explained that from a conceptual standpoint, a wealth-building asset is one that expands the investor's purchasing power over time. In order to do this, a wealth-building asset generally must move up in price over time faster than the rate at which the money supply expands. In general, only assets that are perpetually scarce or that are increasingly productive can overcome this difficult hurdle to be classified as a wealth-building asset. To learn more about why an asset must outperform the growth rate of the money supply in order to be wealth-building, you can check out my post below. Therefore, in order to test whether or not Bitcoin is a wealth-building asset over the long term (years and decades), I compared Bitcoin against the money supply. What I found was surprising. The above chart compares the market cap of Bitcoin to the U.S. money supply (M1). I found that the market cap of Bitcoin was forming an apparent bull flag to the U.S. money supply (M1) on the yearly chart. Not only is a bull flag apparently forming, but the bull flag structure is apparently a perfect golden ratio. To learn more about golden ratio bull flag structures and why they can be quite significant, you can check out my post below about advanced bull flag concepts. I decided to delve deeper. This time I measured Bitcoin against the money supply on a lower timeframe and using a longer lookback period. I found that the total market cap of Bitcoin as a ratio to the money supply was moving in an apparent logistic growth curve . Although it is generally well-known that Bitcoin moves in a logistic growth curve to the U.S. dollar, it is not generally well-known that Bitcoin's market cap is also moving in the same logistic growth pattern relative to the money supply. The chart above shows the total market cap of Bitcoin moving in an apparent logistic growth curve relative to the money supply. The pink line at the top is the value 1, and it represents a horizontal asymptote (the highest possible value that can be reached). Bitcoin's market cap can only go as high as the total supply of money. As Bitcoin's market cap approaches the total supply of money, further growth becomes increasingly inhibited because there is a decreasing amount of money left that can be converted into Bitcoin so as to push its price up further. It is thus not possible for the total market cap of Bitcoin to exceed the total supply of money. In other words, when measured in U.S. dollars, the total value of 21 million Bitcoin can only ever be as high as the total global supply of U.S. dollars. Although the money supply tends to increase over time, the total market cap of Bitcoin as a ratio to the money supply can only ever reach 1. Since the inhibiting factor of the growth of Bitcoin's market cap is the money supply then what this means on a conceptual level is that Bitcoin's logistic growth is actually a mathematical indication that Bitcoin is replacing the money supply. In essence, by forming a logistic growth curve to the U.S. money supply, we can infer that Bitcoin is displacing, if not outright replacing, the U.S. dollar. If you would like more scientific evidence that Bitcoin conforms to a logistic growth function, you can check out this research article . It is not unusual that Bitcoin's price action appears as a logistic growth curve. Logistic growth curves characterize many types of replacement processes in nature. For example, each time a new variant of COVID-19 emerged, it replaced the previous variant through logistic growth, which can be shown in a chart of the relative prevalence of COVID-19 variants over time. The chart above shows the "S-curve" or sigmoid pattern that characterizes logistic growth. Variants of COVID-19 vying for hosts to infect is reflected as a logistic growth race among circulating and emerging variants. In many ways, this competition among virus variants is analogous to the competition of cryptocurrencies: Each cryptocurrency competes with existing and emerging cryptocurrencies to form a logistic growth curve relative to the U.S. dollar, thereby challenging its market dominance. A small subset of cryptocurrencies are so competitive that they also form a logistic growth curve relative to Bitcoin, which reflects their attempt to replace even Bitcoin's market dominance. The final step I took in analyzing cryptocurrency for investing potential was to detect which, if any, cryptocurrencies were moving in logistic growth not only to the U.S. dollar but also to Bitcoin. If one can detect an asset that will move in a logistic growth curve to Bitcoin early on, the extent of wealth that can be built is extraordinary. Below are a couple of examples of the relative strength analyses I performed. Bitcoin vs. Bitcoin Cash The above chart shows a downsloping regression channel, indicating that Bitcoin Cash decays in value relative to Bitcoin over time. Therefore, Bitcoin is a better long-term investment than Bitcoin Cash. Bitcoin vs. Ethereum In the chart above, one can see that when compared to Bitcoin, Ethereum produces an upsloping regression channel. Since the Pearson correlation coefficient is quite low and since Ethereum was unable to reach a higher high relative to Bitcoin in the current halving cycle, the relative strength of Ethereum and Bitcoin are indeterminate. In light of this, I decided that investing in both Bitcoin and Ethereum could allow me to diversify and lower the risk of investing in only one of the two. Aside from Bitcoin and Ethereum, in a follow-up post, I'll reveal which other 3 cryptocurrencies I currently invest in. One of them may be a surprise to many. Feel free to leave a comment below indicating which cryptocurrencies you think should be in the top 5 long-term investing candidates. In conclusion, the analysis above shows that, to a reasonably high degree of certainty, cryptocurrency (Bitcoin specifically) is challenging the current monetary system in ways that it has not been challenged before. It is my belief that cryptocurrency is the next step in the evolution of human financial markets. It builds the infrastructure for a monetary system that equips humans with more efficient transactions within digital spaces. While the Bitcoin blockchain is far from perfect and is heavily reliant on non-renewable energy consumption, it solves many of the inefficiencies that financial systems have been unable to solve for millennia. If you enjoyed this post, I would greatly appreciate it if you leave a boost! If you have any questions or would like to share your thoughts, feel free to leave them in the comments below. In a future post, I plan to explain why cryptocurrency's displacement of existing monetary systems is becoming increasingly inevitable due to the proliferation of DeFi protocols. Important Disclaimer Nothing in this post should be considered financial advice. Trading and investing always involve risks and one should carefully review all such risks before making a trade or investment decision. Do not buy or sell any security based on anything in this post. Past results do not guarantee future returns. Cryptocurrencies are highly volatile. Never borrow money or use margin to invest in cryptocurrency. Cryptocurrency is not backed or insured by any authority and is therefore a high-risk asset class. You can lose all or some of your money in cryptocurrency. Please consult with a financial advisor before making any financial decisions. This post is for educational purposes only.

Education

by SpyMasterTrades

Updated

Double Top/Bottom Pattern #️⃣OKXIDEAS!!!👨‍🏫Hello, everyone!👋 (Reading time less than 7 minutes⏰) . There are many opportunities in the market that traders can get at every single moment. Some like to step up little by little, and some like to climb the mountain as soon as possible. The financial market, such as crypto and forex, is the same. That’s why some patterns represent the consequence of being an overnight millionaire. In this article, I will discuss two resembling patterns and talk about how to trade with them. ------------------------------------------------------------------------------------------------------------------------------------------------ Double Top Pattern: Double Top Pattern is the name of a classic pattern that can bring lots of money for the ones who use it to trade in different financial markets, such as cryptocurrency and forex. It’s noted that this pattern is used in two-sided markets, and stock traders cannot use Double Top Pattern to enter but to exit. Double Top Pattern is one of the most common technical patterns that can be used to identify an asset's roof on the chart. Stay with me to learn how this pattern is drawn on the chart and how you can get dollars out of it in very simple words. As the name suggests, Double Top represents the highest point of an asset in the area, which is known as a sensitive resistance zone. Reversal patterns are one of the most important chart patterns. So is Double Top, which occurs at the end of an upward trend. That means Double Top is a bearish reversal pattern. As the name shows, this pattern forms from two consecutive rounding tops according to the standard. Here you can see what the Double Top Pattern looks like: In an uptrend, the price breaks through resistance levels one by one, as it rises. When the price reaches a vital resistance level stronger than the last support level, that resistance pushes the price down, and it breaks through the support level. Buyers know that the uptrend has ended, and the price will enter a bearish channel. The shape of this pattern is like the letter ‘M,’ which has caused many traders to name it the ‘ M pattern ,’ but I call it ‘ Double Top ’ or ‘ Twin Top .’ Here are some tips you have to know to reduce the mistakes you’ll probably face on the path: Double Top can be used in any time frame. In Double Top Pattern, the peaks are not exactly the same size or at the same price. You are about to ignore any slight differences between them. The distance from the neckline to the top should be 20 to 25%(often) of the size of the upward trend; otherwise, it’s not considered a reversal pattern. As you see in the picture, the price goes up for a while when the buyers struggle to push it up, but it cannot pass the neckline, so it’s rejected. This neckline touch is called “the last kiss,” which is one of the best short-entry positions. I recommend that a trader considers pullbacks as confirmations. But on the other hand, you’ll lose some profits because not all the time pullbacks are completed. So, stay with me to tell you how to trade using the Double Top Patten. How to trade on Double Top Pattern There are some general methods that you can trade on Double Top Pattern; here you go: 1. Breaking neckline The first strategy to trade using the Double Top Pattern is to take a short position when the neckline is correctly broken. 2. The price retracement to the neckline (pullback/last kiss) The second useful strategy is to wait for the price to pull back to the neckline and then open a short position. It’s noted that the neckline is now considered a resistance line. 3. Combination of the first and second methods To enter the short position transaction using the double top pattern, you can use a combination of the first and second methods. You can divide the amount of volume that you want to enter into a short position into equal amounts or amounts that are consistent with your capital management. Your first entry point can be when the price breaks the neckline in a valid way (better a bearish marubozu candle) / the second entry point can be when the price pulls back to the neckline / there is even a third point, a little below the level the valley where pullback began to form. You can use a combination of the entry points I mentioned to enter a short position. Does The Double Top Pattern Fail? To tell the truth, all patterns have the possibility to fail, and Double Top is no exception. Indeed, it’s no big deal, dude. A trader always finds a way to make enough profits. As I mentioned, the Double Top Pattern is a reversal. When the price goes above the top, the pattern fails and is unsuitable for trading. In this case, a buy signal can be considered. When the price passes the Double Top and goes up, a neckline is formed at the top, the line that connects the two tops on the above chart. The entry point is when the price returns to this upper neckline. The stop-loss will be below the last bottom, and the take-profit point will be as long as the distance from the upper neckline to the last bottom. Here is a secret I’ll tell you. Usually, after the failure of these reversal patterns, the upward trend continues with more strength, and you can make profits faster. As I said earlier, during an uptrend, the price reaches its resistance zone, but it’s unable to pass it. Here the uptrend stops and finally it starts to go down in the opposite direction. Now the buyers are pushing the price up to retest the resistance level, which is a hard shield to cross, and sellers are the winners in pushing the price to go down for the second time. This movement makes a pattern called “Double Top.” But the point is that the Double Top pattern can appear in four different types. Bearish reversal Adam and Eve Patterns; in descending order of power and efficiency: 1st.Eve & Eve Double Top (EEDT) 2nd.Adam & Adam Double Top (AADT) 3rd.Adam & Eve Double Top (AEDT) 4th.Eve & Adam Double Top (EADT) Eve & Eve Double Top (EEDT) Let’s see what the Eve-Eve pattern looks like. As you can guess, Eve-Eve consists of two round peaks. That is, both tops are similar to the upside-down letter U. Adam & Adam Double Top (AADT) In this type of pattern, you can see mountain-like price tops. That means the tops are similar to the upside-down of the letter V. In this type, one or two candles hit the resistance level. Adam & Eve Double Top (AEDT) In the case of Adam-Eve, the tip of the first top is sharp, and the second top is round and wide, which has a shape like an upside-down U. Eve & Adam Double Top (EADT) In this status, the first top is round, and the second top is pointed. Eve-Adam Double Top Pattern is exactly the opposite of the Adam-Eve one. ------------------------------------------------------------------------------------------------------------------------------------------------ Double Bottom Pattern: Reversal patterns are in the tops and bottoms. The Double Bottom Pattern is a bullish reversal pattern that forms at the end of a downtrend, and it looks like the letter “ W ” in English. So it’s a good place to get a long position. Unlike the Double Top pattern, buyers take control of the market so that when the price hits the support zone, it is pushed up again. This pattern is one the best patterns for stock market traders with daily and long-term trades. Double Bottom can be used in any time frame. In two-sided markets, after engulfing the neckline, the potency of buyers increases, and more buyers enter the market. Trading volume increases after breaking the neckline, so the price gradient steepens. Here you can see an image of the Double Bottom Pattern: How to trade on Double Bottom Pattern After the price breaks the neckline, entering a long position can be profitable. But the confirmation is really important to be seen. The bullish Marubozu candle is one useful candle for pattern confirmation. Dojis and short candles are not that strong to convince confirmation. So you are about to face a fake break which leads the price to fall more. Follow the steps below to make profits: Entry points are like a double-top pattern. Stop-loss is below the bottom. Take-profit point is the distance from the neckline to the bottom. Failed Double Bottom Pattern Never forget that the patterns can be failed in the market due to the news and fundamental source. A professional trader is always looking for a valid confirmation. When the price falls below two bottoms, the pattern fails. But you can earn money with the failed pattern too. When the price passes the bottoms and goes down, a neckline forms under the pattern. This line connects the two bottoms. Here I go with the failed Double Bottom Pattern: The entry point is when the price returns to the neckline. The stop-loss will be above the last top. The take-profit point will be the distance from the bottom neckline to the last top. Here is a picture of what a Failed Double Bottom Pattern looks like. Classical patterns are in different shapes that directly affect their performance. Various types of Double Bottom Patterns are made with the Adam and Eve patterns. These types of Double Bottom patterns are as follows:(in descending order of power and efficiency) 1st. Eve & Eve Double Bottom (EEDB) 2nd. Adam & Eve Double Bottom (AEDB) 3rd. Eve & Adam Double Bottom (EADB) 4th. Adam & Adam Double Bottom (AADB) ------------------------------------------------------------------------------------------------------------------------------------------------ 🔔 Conclusion Reversal patterns such as Double Top/Bottom can be really profitable, but the essential thing is to follow your strategy and capital management. I also suggest that you follow these educational series posts to get all you need about trading.

Education

Updated

Human Vs Machine : Focusing On One Thing In Trading "HUMANS CANNOT IMITATE MACHINE ABILITY. YOU ARE JUST P-?!?!?!?." . . . Hey there, fellow Traders! Listen up, 'cause I've got some deep thoughts for you. So, you know how our minds Work, right?. It's like Focus that Controls everything: how we see things, what we remember, how we learn, how we solve problems, and even how we make decisions. It's like the control center of our Brain! Now, imagine this: Trading is like a mental marathon, and you need to be mentally fit to win the race. And guess what? Focus is the ultimate key to unlock that mental fitness. Without it, your Trading game will be a total mess. It's like trying to Drive a Car with no steering wheel - you're gonna crash and burn! But hey, don't worry, it's not all doom and gloom. I've got a joke for you: Why did the Trader lose all his money? Because he couldn't keep his Focus and kept Chasing Shiny Distractions! Ba dum tss! (no nevermind) GOING DEEPER AND SERIOUS Ever wondered why they call it 'focus'? It's because when you focus, you're actually bringing the power of the Universe to converge on a single point in your mind. It's like creating a Black Hole of thoughts that sucks in all your Mental Energy and Compresses it into a laser beam of Concentration. It's like having a psychic bulldozer that flattens distractions and obstacles in your path, leaving you with a clear mental highway to success. So, folks, let your Mind be the Master of the Universe, and let focus be your Cosmic Superpower in the World of Trading. AGAINST THOUGHT OVERLOAD a Thought Overload is like a monkey on caffeine, jumping from one thought to another. It's hard to concentrate when your mind is busy juggling tasks from yesterday, today, and tomorrow. Especially during those long waiting periods when boredom lurks around the corner, your mind craves distractions. So, why not declutter your mind and make it a Zen Master? Prioritize and structure your day. Give each task its own time slot, and create a special time slot for Trading where you can focus solely on that activity. Say goodbye to irrelevant thoughts that don't serve the task at hand. Keep your mind on a tight leash and don't let it wander off. Remember, less mind clutter equals better Focus, and better Focus leads to Success! "Life is like a sandwich, the more you add to it, the messier it gets. So, keep it simple, with just the right amount of condiments to savor its taste. Too much, and you'll end up with a soggy mess. Too little, and it'll be a bland experience. Find the perfect balance, and enjoy the deliciousness of life - Me" MASTERING THE TECHNOLOGY Technology can be super distracting, you know? Like, you're just trying to focus on your work, but your computer, tablet, and phone keep buzzing and beeping with notifications. Newsletters, voice messages, social media updates, they just keep coming at you like an avalanche. It's like they're all shouting, "Hey, look at me!" It's so hard to resist the urge to check them all the time. But, here's the thing. If you want to be productive, especially during Trading Sessions, you gotta Minimize those distractions. It's like putting on noise-canceling headphones for your brain. You need to create some boundaries and make those notifications less available. Maybe put your smartphone and tablet on Airplane mode, so you can cut yourself off from the biggest distraction potential. It's like a digital detox for your sanity! It's kinda funny, though. We live in a world where technology is supposed to make our lives easier, but sometimes it feels like it's doing the opposite. It's like having a super cool gadget that comes with a built-in "distract-o-matic" feature. But hey, we're all in this together, trying to navigate the digital jungle while staying focused on our goals. So, let's embrace the Awesome potential of Technology, but also be Mindful of its Distractions. Let's put those Notifications on Silent, switch to Airplane Mode, and take control of our Focus. After all, the real "Smart" part of Smartphones and Tablets is the one using them, not the other way around! right? TRADING LIKE A CHEF, WIZARD, JEDI, AND SORCERER CHEF : The Secret Sauce of Preparation. Just like a Master Chef preps their ingredients before cooking up a Storm, Successful Traders know that preparation is the key to unlocking their trading prowess. It's like a Secret Sauce that adds Flavor to your performance, giving you an Edge in the Market Kitchen. WIZARD : The Wizardry of Strategy. Trading is like a Chess game, and your strategies are your moves. But beware, the market is a cunning opponent that's always trying to outsmart you. To win this game, you need to be a Wizard, constantly adapting your strategies and Conjuring up new ones to stay ahead of the game. JEDI : The Jedi Mind Tricks of Mindfulness. Just like a Jedi, Day Traders need to master the art of mindfulness. It's not just about being present in the moment, but also about using the Force to tap into the Market's energy. Trust your instincts, Read the Signs, and let the Jedi mind tricks guide you to Trading Victory. SORCERER : The Sorcery of Time Management. Time is the most precious resource in day trading, and successful traders are like sorcerers who know how to wield it. They use spells like FOCUS, discipline, and efficiency to bend time to their will and create a trading kingdom where productivity reigns supreme. READY FOR BRAIN TRAINING? There a Cool Exercise to improve your Focus. Grab something interesting to read and set a timer for 30 minutes. But here's the twist: set another timer to go off every five minutes. When it beeps, ask yourself if your mind has wandered. If it has, no worries! Just bring your attention back to what you're reading. This helps strengthen your brain's ability to stay on task and keep your focus sharp, like a ninja! "Chase your Dreams 🌊✨" Don't be afraid to dream big, even if your dreams seem far away. We must dare to face challenges, face obstacles, and face uncertainty. We must follow the flow of the waves of life, with determination and perseverance, because it is there that we will find new opportunities and possibilities that we have never imagined before. ahhh Thank you For Reading, I Love Writing about This, i Hope you Have Something that you Can Learn. Please Stay Safe and Always Be there to someone you Loved, Wishyou Profitable Months 😸. Source Images : D5000 Gian Cescon jarmoluk Image by Freepik Jan Weber NWimagesbySabrinaEickhoff

XEducation

Updated

🔗 What is a Blockchain? (simple guide)📍What is blockchain? The blockchain is a distributed ledger that offers transparency decentralization and data integrity. 🔹 Digital Ledger: A Blockchain is a digital ledger which keeps records of all transactions taking place on a peer to peer network. 🔹 Encrypted Information: All information transferred via blockchain is encrypted and every occurrence recorded, meaning once the block is created and added to the chain, it cannot be altered. 🔹 Peer to Peer: Lets you interact or send transactions with a peer, without an intermediary. Removes the middle man. 🔹 Data Sharing: The blockchain can be used for more than the transfer or currency. It can also be used to share contracts, records and any other type of data. 🔹 Decentralization: The blockchain is decentralized, so there isn’t a need for a central, certifying authority. 📍What are the Blockchain Core Components? 🔸 Blocks can be written and read by certain participants and entries are permanent, transparent, and searchable. 🔸 Transactions are recorded in chronological order on a continuously growing database. 🔸 A system of computers, connected via the internet, in which users at any computer can receive or send value to another computer. 🔸 Data is replicated and stored across the system over a peer-to-peer network. 🔸 It facilitates peer-to-peer transfer of value without a central intermediary, e.g. a bank. 🔸 Digital signatures and cryptography are used to secure the transfer. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️

Education

📊 6 Examples of Rejections at S/R Areas 📍Support and Resistance 101 Support and resistance are two foundational concepts in technical analysis. Understanding what these terms mean and their practical application is essential to correctly reading price charts. Prices move because of supply and demand. When demand is greater than supply, prices rise. When supply is greater than demand, prices fall. Sometimes, prices will move sideways as both supply and demand are in equilibrium. Like many concepts in technical analysis, the explanation and rationale behind technical concepts are relatively easy, but mastery in their application often takes years of practice. S/R level areas can develop inside different candlestick patterns as well as trend trading patterns. The Resistance being the top of the pattern and the support being the bottom of it. 🔹Technical analysts use support and resistance levels to identify price points on a chart where the probabilities favor a pause or reversal of a prevailing trend. 🔹Support occurs where a downtrend is expected to pause due to a concentration of demand. 🔹Resistance occurs where an uptrend is expected to pause temporarily, due to a concentration of supply. 🔹Market psychology plays a major role as traders and investors remember the past and react to changing conditions to anticipate future market movement. 🔹Support and resistance areas can be identified on charts using trendlines and moving averages as well as different types of patterns. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️

Education

🚩Symmetrical Triangle🚩 #️⃣OKXIDEAS !!!👨‍🏫Hello, everyone!👋 (Reading time less than 7 minutes⏰). I’m here with another educational post to help you learners become super traders gradually. 🔅 As you know, various tools are usually used in any financial market to analyze all types of stocks, cryptocurrencies, and assets. Chart patterns are one of the essential tools used in technical analysis, and analysts evaluate the market movement and prepare to trade based on technical-fundamental studies. 🔅 The Symmetrical Triangle is one of the most used classic continuous patterns in the field, but it can sometimes turn into reversal patterns, as some analysts say. 🔷 So I’ll explain the following in this article: Defining the triangle pattern Getting to know the structure of a Symmetrical Triangle Types of Symmetrical Triangles How to trade using the Symmetrical Triangle pattern Price target after Symmetrical Triangle pattern The importance of trading volume in the Symmetrical Triangle pattern --------------------------------------------------------------------------------------------------------- Triangle Pattern: 🔅The triangle pattern is one of the most well-known patterns many traders spend time on. A triangle is a trend continuation pattern that can occur in upward or downward trends. This triangle pattern is formed when a stock, cryptocurrency, or whatever shrinks towards an uptrend or downtrend. The pattern represents a pause in the price trend, and the price consolidates in a range. 🔅 The triangle pattern consists of two converging lines with different slopes depending on the type. At least four major pivots are needed in the specific time frame to form a triangle pattern. Basically, to form a triangle, 45 to 60 candles are needed in the specific time frame. 🔅 The take-profit of this pattern is considered the distance from the first top to the first bottom inside the triangle. 🔷 According to research, 84% agree that the triangle pattern is a continuation pattern that is divided into three types as follows: Symmetrical triangle Ascending Triangle Descending Triangle --------------------------------------------------------------------------------------------------------- One of the types of triangles that can lead you to money is Symmetrical Triangle which I’ll explain here: Symmetrical Triangle Pattern in Upward Trends: Take a look at the picture below. You can see the price forms tops and bottoms after an upward trend and then forms lower tops and higher bottoms. 🔅 Now try to draw a resistance line at the top and a support line at the bottom. What do you see? Yeah! That’s a triangle. These two lines will make a tip called the triangle's apex. If the four pivots(at least), two tops and two bottoms, are connected with a line, you can say a Symmetrical Triangle pattern in an upward trend has occurred. 🔅 It’s noted that if the price breaks the support trend line and drops, you’ll see this as a reversal pattern or a Symmetrical Triangle in the downward trend. Not always; a Symmetrical Triangle is a continuous pattern. So Watch out! Here’s a picture of a reversal Symmetrical Triangle and how to trade while it is considered a reversal. How to trade on the Symmetrical Triangle in an upward trend: 1-After the pattern completes, you must wait for the pattern to give us the entry confirmation(the upper line of the Symmetrical Triangle). 2-Try to open a long position when the real breakout happens. That can make a good profit. The real breakout occurs when a green candle like the Marubozu candle closes above the upper line of the Symmetrical Triangle or the resistance line. 3-Don’t forget to put a stop-loss. That will be below the breakout candle or below the prior candle’s bottom. The distance between the first top and the first bottom in the triangle would be one of high risk-to-reward ratio take-profit points. The other way to take the profit is to draw a line from the first top facing the support trend line along. --------------------------------------------------------------------------------------------------------- Symmetrical Triangle Pattern in Downward Trends 🔅 Another trend that a Symmetrical Triangle can move is downward trend when the price continues downward after forming the pattern. 🔅 Luckily, one of the best tools that can help you earn lots of money is the Symmetrical Triangle because it supports two-sided markets. But the question is how this type of triangle forms. Stay with me. 🔅 Imagine you’re walking through the bushes for a long time, then you’ll get tired, and you don’t feel energetic in your feet to move on. So do buyers and sellers in the financial markets. 🔅 When the price of an asset enters a converging trend of lower tops and higher bottoms, buyers and sellers test how strong the trend is. The buyers make bottoms at a higher price as sellers prevent the creation of a higher top. 🔅 In this case, the sellers are mostly winners, so better to be a seller rather than a buyer. Like the pattern I already discussed, the Symmetrical Triangle pattern in a downward trend needs at least four significant pivots to be confirmed. 🔅 There's also a possibility of breaking the upper line of the Symmetrical Triangle on the top after the Symmetrical Triangle pattern formation. The reversal pattern has occurred in this case, and the long position is considered a plan. How to trade on the Symmetrical Triangle in a downward trend: 1-You have to wait for the candles to break the lower line of the Symmetrical Triangle. But the only key point is that if the breakout is valid. So if the breakout candle closes below the lower line of the Symmetrical Triangle, it’s time to open a short position. 2-The stop-loss will be above the last top. Therefore, in case of opening a short position on an asset, you can also place your stop-loss above the breakout candle for a higher risk-to-reward ratio. 3-The price targets will be 1) the distance between the first bottom and the first top, or 2) you can draw a line from the first bottom facing the resistance line. 🔷 Below, you can see a Symmetrical Triangle in a downward trend and how you can trade with it. --------------------------------------------------------------------------------------------------------- The Importance of Trading Volume in the Symmetrical Triangle Pattern 🔅 The asset chart is in correction as long as the price chart is inside the Symmetrical Triangle pattern. 🔅 The trading volume in the pattern process will be neutral as most traders are waiting for the follow-up movement of the asset. 🔅 The closer the chart gets to the apex of the triangle to depart from the pattern, the range of fluctuations and the trading volume become less and less. 🔅 The importance of trading volume in the Symmetrical Triangle pattern can be seen near the exit from the pattern. 🔅 If the previous trend of the chart was bullish, it is likely that the trading volume will increase dramatically if the pattern is broken. 🔅 Also, the trading volume will decrease near the triangle's apex, but it increases instantly after breaking out, whether it is an upward or downward trend. 🔅 For this purpose, examining the trading volume in different areas of the pattern can greatly help us better understand the trend and predict the future of the asset. 🔅 In a way, you always have to wait for the chart to go out of the pattern, and by checking the direction of the trend and trading volume, you can make a better decision about buying or selling your currencies. --------------------------------------------------------------------------------------------------------- Symmetrical Triangle in Elliott Theory The Symmetrical Triangle called the “Contracting Triangle,” is a basic pattern in Elliott Waves. Elliott triangles can be considered one of the stable consolidation patterns in the market, which can be divided into five waves. To return, each of these five waves carries three sub-waves. The waves of the triangle are named A, B, C, D, and E. The Symmetrical Triangle can often be seen as a continuation pattern that creates a pause in the trend and then resumes. In this pattern, wave A, which is the biggest wave in the pattern, can be a zigzag, double zigzag, triple zigzag, or a flat pattern, and wave B can only be a zigzag, double zigzag, or triple zigzag. Waves D and C can also move in their pattern by a zigzag pattern, and finally, an E wave is formed, which can be a zigzag, double zigzag, triple zigzag, and sometimes a triangle. In a Symmetrical Triangle, waves B, C, and D often cover 61.8% of the previous wave. Finally, by drawing this pattern's up-and-down trend lines, the lines get close to each other and cannot be parallel. --------------------------------------------------------------------------------------------------------- Conclusion: 🔔 In this article, you learned about the Symmetrical Triangle and how to trade using the pattern. You now know where to enter and exit the market to make a suitable profit. Don’t forget to follow your capital management to lower the trading risks.

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⌛ It's Just A Matter Of Time 📍Journey Of a Successful Trader No one started as a good trader. Every profitable trader was once a newbie. The journey of a successful trader is filled with challenges, hard work, and perseverance. It begins with a strong desire to learn and a commitment to become an expert in the markets they are trading. 📍The Right Path To Reach The Top 🔹Learn the basics of Trading 🔹Pick a Strategy that you fully understand 🔹Trading plan customized to your lifestyle 🔹Back Testing your strategy and plan 🔹Review your Trades, calculate your expectancy 🔹Demo Trading to build basic knowledge 🔹Live Trading, Manage your risk and emotions 🔹Professional Trader 📍Summary The first step in the journey is to acquire the necessary knowledge and skills. This includes learning about the financial markets, technical analysis, risk management, and trading psychology. Successful traders also develop a trading strategy that fits their personality and trading style. Once they have acquired the necessary knowledge and skills, successful traders spend countless hours studying the markets, analyzing charts, and monitoring news events that may impact their trades. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️

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📈 The Trailing Stop Loss 📍 What Is a Trailing Stop? A trailing stop is a modification of a typical stop order that can be set at a defined percentage or dollar amount away from a security's current market price. For a long position, an investor places a trailing stop loss below the current market price. For a short position, an investor places the trailing stop above the current market price. A trailing stop is designed to protect gains by enabling a trade to remain open and continue to profit as long as the price is moving in the investor’s favor. The order closes the trade if the price changes direction by a specified percentage or dollar amount. 📍Important Takeaways 🔹 A trailing stop is an order type designed to lock in profits or limit losses as a trade moves favorably. 🔹 Trailing stops only move if the price moves favorably. Once it moves to lock in a profit or reduce a loss, it does not move back in the other direction. 🔹 A trailing stop is a stop order and has the additional option of being a limit order or a market order. 🔹 One of the most important considerations for a trailing stop order is whether it will be a percentage or fixed-dollar amount and by how much it will trail the price. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️

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The Breakout Trading Strategy of Trendlines | OKXIDEAS Hello traders, In this post i am just showing you a very simple and easy trading strategy especially for beginners, in this strategy i am just using two basic things trendlines and 50 simple moving average which is you can also see in the charts above. What you will be doing in this strategy just simply go to the 1hr timeframe see the clear trend draw the trendline wait for the breakout when breakout happen now wait for price to retest or just place a buy limit or sell limit order. I hope you like the strategy this is the trendlines breakout trading strategy. The one good thing about this strategy is the risk to reward ratio because in this strategy you will have potential to have around 1/3 risk to reward ratio so this means if you placed 10 trades and you lose 7 trades out of 10 and you just won 3 trades out of 10, you will be still profitable so meanwhile you just need to have a 30% wining ratio to be profitable in a long run. I just advise you that try the strategy open the chart and back-test your chart and trade it on demo live market condition at least for one month and see the results ask the question to yourself can you be profitable? if the answer is yes so probably you know that what to do next but if the answer is no then look it your one month data that you have, make sure to journal your one month data record and try to analyze what mistakes you do what wining ratio you have can you have a little deference to between 30% see your taken trades you will be seeing some bad trades and you don't wanted to trade next time avoid those trades in the next month and just repeat the process be patient one day you will be consistently profitable but if not then don't lose the hope and just try again again and again learn from your mistakes come back and don't do that mistakes again, remember every strategy is good if you practice and managed it. Just find the strategy that you suit and start the process. I hope you liked the post, i wish you good luck and good trading.

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Trader ⚔️VS⚔️ Analyst !!!(Differences)Hi, everyone👋. Do you like surfing or guiding surfers? In this article, I will talk about how analysis differs from trading. A good analyst is not necessarily a good trader📉. Do you know what the point is❗️❓ The point is that analysts talk about all aspects, so they always tell the truth and explain what really happens on the market, but the traders ride the waves. Financial markets include high and low waves, so if a trader makes a mistake in measuring its depth, speed, and height may drown in the sea. If you are a trader, don’t be proud of yourself because the financial market sea is very cruel or a beast. —------------------------------------------------------------------------------------------------------------------ There are four trading keys in financial markets: Trading Strategy Capital Management Market Psychology Trader Psychology These keys are like four legs of a chair🪑 which should be sat on carefully and calmly. Although by removing one of the legs, it’s possible to sit on the chair, safety has to be considered. I’ll explain all the trading keys in the market in other posts later, but for now, let me dig into the differences between Analysis📈 and Trading💰 . What is considered in the analysis are the price targets in both rising🟢 and falling🔴 markets, the probability of its occurrence and non-occurrence, and the necessary conditions for both. Considering the subtlety of an analyst's words and the mentality of the people studying - who are mainly looking for confirmation of their position - generally, the analyst will always be right unless he has declared only one direction decisively, which is not an analysis, but a signal and prediction. Declaring an upward↗️ or downward↘️ trend in only one direction is not an analysis but a prediction. It’s noted that any prediction can be wrong. But in the comprehensive analysis of both sides, the necessary conditions for their occurrence and their probability are stated, so whatever happens, the analyst is right, and you will hear the famous saying "as predicted." 🔷 A successful trader can take the following steps: Comprehensive analysis of the market situation in which he wants to trade: The technical analysis must be prepared before opening a trade position. A wrong analysis does not always lead to a wrong trade, and vice versa, a correct analysis does not lead to a correct trade because you have to see whether the position trigger is activated or not. Find useful trading strategies to achieve profitable trading: A trading strategy can be a system that includes a combination of different indicators and oscillators, which can finally indicate the entry and exit points as well as profit and stop loss while trading. This system makes you behave like a robot; after understanding and analyzing the market, you’ll wait for the entry and exit points to appear. Trusting this trading strategy is one of the critical keys to successful trading. All the points mentioned so far are related to the technical analysis aspects; otherwise, in the Fundamental field, a daily checklist of various factors affecting the market is needed, which is vital for Fundamental analysis. Find your own timeframe: Chart analysis and trading can be viewed from the 1-second time frame(short-term) to several years(long-term), but every trader should have his own time frame based on his trading strategy. The time frame is important because: The trading strategy should help traders find the entry and exit signals in the same time frame. The Stop Loss(SL) should be determined based on entry points in the same time frame. The time required to reach profitability is estimated based on the same time frame. You can't analyze on a daily time frame and expect to get a very good profit immediately after entering the position. After determining the time frame and with the help of the trading strategy, the following tasks should be done. Studying market analysis to identify market trends, the state of market movement waves, and daily, weekly, and monthly support and resistance zones. Determining the Entry Points(EP) based on the strategy Determining the Stop Loss(SL) based on the strategy Determining the Take Profits(TP) based on the strategy All the above must be done before entering the market, and the only thing done after entering the market is the last step—changing the exit point based on the variable stop loss to increase profit. —------------------------------------------------------------------------------------------------------------------ 🔷 Conclusion: According to the explanations given, it can be understood that analysis and trading have a significant differences. It should be noted that every wrong analysis published on social networks does not indicate that the analyst does not trade well and vice versa. So, to profit from the financial markets, you must be trained in the first step. Become an analyst and then trade. For this, you have to go step by step, don't be greedy, don't rush, so that you can stay in the financial markets and earn profit every day until you get a continuous profit one day.

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📊 Cumulative Volume Delta (CVD)📍 CVD describes the number of contracts bought at the offer minus those sold at the bid. It simply measures the "aggressiveness" of buyers versus sellers. If the sellers are aggressive, they place limit orders instead of market selling and vice versa. CVD is the easiest method to use delta in your trading. 🔹UPTREND EXHAUSTION Price is making new highs but CVD isn't. This shows a lack of interest coming from aggressive buyers who would be needed to continue the price increase. We can expect a short term reversal to the downside. 🔷UPTREND ABSORPTION CVD is making new highs but price isn't. This shows that there is a lot of activity from aggressive buyers trying to push the price higher but their market buy orders are getting absorbed by limit sell orders. 🔷DOWNTREND EXHAUSTION Price is making new lows but CVD isn't. This shows a lack of interest coming from aggressive sellers who would be needed to continue the price decrease. We can expect a short term reversal to the upside. 🔷DOWNTREND ABSORPTION CVD is making new lows but price isn't. This shows that there is a lot of activity from aggressive sellers trying to push the price lower but their market sell orders are getting absorbed by limit buy orders. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️

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The Story of a Failed Trader | OKXIDEAS Once upon a time there was a man who was a very poor and he belong to a middle class family but he had the ability to dream it. He was 20 years old and he also think that he spend all of had 20 years doing nothing, he was a dreamer. He wanted to become a rich man, he finding ways to become a rich man, he tried almost every thing but failed. One day he watched a video about trading on YouTube and he decided to become a trader, become a rich with trading and fulfill all of had dreams. He started to learn trading, he watched all of educational videos about trading on YouTube and spend had 15 hours every day just watching videos, now he knows about the basic trading he shifted to the analysis part of trading, he started to practice and learn the technical analysis. He find the method that he can trade with, he combined some technical indicator signals and created strategy for himself. Now he had very passionate about trading, wanted to open a real account and start trading with real account. He had some saving money around 500 dollar he deposited that money in the real account and start trading with that money. He started dreaming from the first day of trading and created some trading rules for himself like he had to take 10% risk per trade and don't take that trade which is below 1/1 risk to reward ratio. On the first day he had taken almost 3 trades and win all of them, now he was more excited for trading he had made $192 profit means something around 38% profit on 500 dollar account. He wanted to trade more but he was a little bit smarter one, he think that i am in profit and my wining ratio is 100% so why i just damage my wining ratio and why i just risk my today profit so he had decided to come back tomorrow. On the second day he had $692 total balance in the account, he had to play a little bit more smarter than a previous day and he decided to take 10% risk per trade of the current total balance $692 in the account rather than the starting balance which is $500. On the second day he take almost 4 trades and he won 2 trades out of 4 trades, now the account condition had almost break-even no loss & no profit, he decided to try again and trade more, he finding the reason to trade more and then he calculate today and yesterday total taken trades which is 7 trades, he think that i won 5 trades out of 7 trades so my wining ratio is almost around 70% which is good and i can trade more because my wining ratio is still above 50% so i am still in positive side. He trade almost 3 trades again and he lose all of them, now he had very sad and almost broken, he decided to step back and come back later. He sturdy himself and come back on the third day, now he had facing a little bit draw-down on the third day the total account balance is around 484 dollar, he started looking for the trades opportunity and at the end of the day he took almost 5 trades with the 10% risk per trade but the third day results had also again bad and he lose 4 trades out of 5 and just win 1 trade, he had very shameful from himself, he closed the laptop goes to outdoor and talk to himself. He analysis the current situation of the account, it that point the total account balance is around 276 dollar he almost around 45% in draw-down and the wining ratio had below 50% so now he entered to the negative side. On the fourth day morning he traded 2 trades and he lose both of them now he almost lose the hope and the account condition had around 72% in draw-down and he left only 138 dollar in the account. At the time he give up and he just decided to depend on just one trade, he just waiting for the best opportunity of the day and finally he got the trade but at the end he lose that trade again and he almost blow out had account. After that all he had stressful and sad from almost one week, he decided to leave the trading and move on to the next thing and he looking to find other things that suitable for him because he think that trading is not suitable for him. One month later he just scrolling on the internet and he see the FAQ that 90% of traders lose and only 10% had succeed, now he had a little bit shock and he think that its pretty normal every trader in the 90% had facing that stage which stage that i faced. He decided to come back to trading and start from the zero, he started to modify had strategy and created new rules for had strategy like he set this time risk to reward ratio for had trades is minimum 1/2 and he decided to risk only 2% of the total account also he decided to take only 2 trades per day, this time he opened the demo account rather than the real account and start trading with demo account, he decided to journal had journey and after one month of consistency he hadn't break any rules and when he see the results after month he had profitable, now he feel like stronger and he continue the journey with that same demo account after three months he had similar results and still profitable. In that time he think that i don't have much money and in trading it's required a lot of money to earn a lot of profits, he started to search for that how he had to prove himself to big investors and raise money for himself to trade. One day he searching and he knows about prop firms trading now he had interested in that and wanted to know more about prop firms, he think that this is the big opportunity for himself to become succeed quickly, now he decided to trade with prop firms and buy the challenge from the prop firms, he adjusted had strategy rules and trading plan according to the prop firms requirement, now but the only problem is that he don't have money to actually buy the prop firms challenge. By the way he was dropout from the school after completing had secondary education and so he just setting at the home, he don't have much money to buy the challenge, the pocket money of him had just depend on him father and he hadn't want to say to father to give me extra money because of him father was very poor and he work as a taxi driver, so then he had decided to get the any kind of job for himself and try to earn some money in the form of salary and buy the challenge with that money, he worked hard and after one month he got the salary and then he just swift to the prop firm website and buy the $50000 account challenge for himself, now he started trading with challenge account phase one, on the phase one he decided to risk only 1% per trade, take only 2 trades a day and the every trade risk to reward ratio had to minimum 1/2 after one month of consistency he gained +8% profit, he was in profit but he hadn't achieved the prop firm required profit target which is +10% in that case prop firm gives traders free retake so then he take the challenge again with the new account and new month from zero and he think that my wining ratio for the previous month is almost around 40% with minimum 1/2 risk to reward ratio and my daily limit is 2 trades so i need to increase my daily limit from 2 to 3 because if i traded with the same rule 2 trades a day then i hadn't pass with 40% wining ratio. He calculate some numbers like he think, if i take 3 trades per day so then at the end of the month my all trades had to be 60 trades per month and if i maintain my 40% wining ratio then i can easily pass the challenge with that mindset he started the challenge and strictly follow the rules after month he hadn't maintain the 40% wining ratio and he end up with some loss and failed the challenge, this time he almost faced big depression after some days left he realized had mistake and he think i made mistake that i increase my daily trades limit because of this my wining accuracy goes down, i just forced myself to take 3 trades per day and get trapped into the normal trades. At that time he hadn't left any pathway he almost try everything but at the end he faced failure, him father had now getting older and he decided to step back again he start going to the normal job and start saving 30% of had salary, he do that job for almost one year and after one year later he had some saved money in the bank account to buy multiple 10x challenges, he come back to the trading but this time he hadn't leave the job and he do trading like part time thing. He started had journey again he decided to hadn't give up and repeat the process so then he started buying challenges after one by one in some challenges he failed in phase one in some he failed in phase two in some he almost pass the challenge and got the live funded account but hadn't get payout and lose the account in the first month. The journey had started goes on and he just repeating the process and doing try again and again. Will be continued..... Some lessons from the story > Never open real account in the start, try to learn first on demo account. > Don't try to be smart in the front of the market. > Don't lose hope in draw-downs just repeat the process of your trading plan. > Take every trade with the hope of wining. > Never depend on a single trade. > Don't leave too fast stay in the market. > Give yourself enough time to create the solid proven strategy that works at least for you. > Respect your trading limits. > Don't depend on just trading and never leave your job, consider trading like part-time thing in the starting. > Learn from your mistakes and improve your performance. > Make mistakes but don't repeat that mistakes again. > Never depend on small capital always look for an opportunity. > Journal your journey, record your trading performance and improve next time. > Don't fear from failure. > Be patient, market is here not going anywhere. > Don't force yourself to take normal trades wait for good opportunity always. > Don't count the numbers, you need to count the percentage. > Don't try to be rich quickly. > Step back, if you damaged from market then simply step back and come back stronger don't try to fight. If you learned any other lessons from the story, let me know in the comments. What you feel about one day he will be succeed or just the failure always, also let me know in the comments. I hope you enjoyed the story, appreciate my work with like comments and share. I wish you good luck in trading.

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📈 4 Ways To Use The Moving Average 📍 What Is a Moving Average (MA)? In finance, a moving average (MA) is a stock indicator commonly used in technical analysis. The reason for calculating the moving average of a stock is to help smooth out the price data by creating a constantly updated average price. By calculating the moving average, the impacts of random, short-term fluctuations on the price of a stock over a specified time frame are mitigated. Simple moving averages (SMAs) use a simple arithmetic average of prices over some timespan, while exponential moving averages (EMAs) place greater weight on more recent prices than older ones over the time period. Common moving average lengths are 10, 20, 50, 100, and 200. These lengths can be applied to any chart time frame (one minute, daily, weekly, etc.), depending on the trader's time horizon. The time frame or length you choose for a moving average, also called the "look back period," can play a big role in how effective it is. An MA with a short time frame will react much quicker to price changes than an MA with a long look-back period. In the figure below, the 20-day moving average more closely tracks the actual price than the 100-day moving average does. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️

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📈 9 Ways To Identify an Uptrend 📍 What Is an Uptrend? An uptrend describes the price movement of a financial asset when the overall direction is upward. In an uptrend, each successive peak and trough is higher than the ones found earlier in the trend. The uptrend is therefore composed of higher swing lows and higher swing highs. As long as the price is making these higher swing lows and higher swing highs, the uptrend is considered intact. Some market participants only choose to trade during uptrends. These "long" trend traders utilize various strategies to take advantage of the tendency for the price to make higher highs and higher lows. 💥Important thinks to note 🔹Uptrends are characterized by higher peaks and troughs over time and imply bullish sentiment among investors. 🔹A change in trend is fueled by a change in the supply of stocks investors want to buy compared with the supply of available shares in the market. 🔹Uptrends are often coincidental with positive changes in the factors that surround the security, whether macroeconomic or specifically associated with a company's business model. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️

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💥 Bullish VS Bearish Candlesticks 📍Bullish and bearish candlestick patterns are technical analysis tools used by traders to identify potential market trends and reversals. Bullish patterns indicate a potential rise in the price of an asset, while bearish patterns indicate a potential decline in price. 🔷 Bullish candlestick patterns include the dragonfly doji, hammer, tweezer bottom, morning star engulfing and three white soldiers. These patterns suggest that buying pressure is increasing and that there may be a potential for a trend reversal. 🔷 Bearish candlestick patterns include the gravestone doji, inverted hammer, tweezer top three black crows and more. These patterns suggest that selling pressure is increasing and that there may be a potential for a trend reversal. 🔷When using candlestick patterns for trading, it's important to look for confluence with other signals, such as trend lines, support and resistance levels, and other technical indicators. Combining multiple signals can provide a stronger indication of potential market movements and help traders make more informed trading decisions. 🔷It's also important to note that candlestick patterns should not be relied on as the sole indicator for trading decisions, as they are not always accurate and can produce false signals. Traders should always use a combination of technical analysis tools and fundamental analysis when making trading decisions. This is why its important to create and monitor your own strategy and backtest what works and what doesn't. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️

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MASTER THE MARKET WITH CONFIDENCE & DISCIPLINE If you asked me to distill trading down to its simplest form, I would say that it is a pattern recognition numbers game. We use market analysis to identify the patterns, define the risk, and determine when to take profits. The trade either works or it doesn't. In any case, we go on to die next trade. It's that simple, but it's certainly not easy. In fact, trading is probably the hardest thing you'll ever attempt to be successful at. That's not because it requires intellect; quite the contrary! But because the more you think you know, the less successful you'll be. Trading is hard because you have to operate in a state of not having to know, even though your analysis may turn out at times to be "perfectly" correct. To operate in a state of not having to know, you have to properly manage your expectations. To properly manage your expectations, you must realign your mental environment so that you believe without a shadow of a doubt in the five fundamental truths. Today, I am going to give you a trading exercise that will integrate these truths about the market at a functional level in your mental environment. In the process, I'll take you through the three stages of development of a trader. The first stage is the mechanical stage. In this stage, you: 1. Build the self-trust necessary to operate in an unlimited environment. 2. Learn to flawlessly execute a trading system. 3. Train your mind to think in probabilities (the five fundamental truths). 4. Create a strong, unshakeable belief in your consistency as a trader Once you have completed this first stage, you can then advance to the subjective stage of trading. In this stage, you use anything you have ever learned about the nature of market movement to do whatever it is you want to do. There's a lot of freedom in this stage, so you will have to learn how to monitor your susceptibility to make the kind of trading errors that are the result of any unresolved self-valuation issues I referred to in the last chapter. The third stage is the intuitive stage. Trading intuitively is the most advanced stage of development. It is the trading equivalent of earning a black belt in the martial arts. The difference is that you can't try to be intuitive, because intuition is spontaneous. It doesn't come from what we know at a rational level. The rational part of our mind seems to be inherently mistrustful of information received from a source that it doesn't understand. Sensing that something is about to happen is a form of knowing that is very different from anything we know rationally. I've worked with many traders who frequently had a very strong intuitive sense of what was going to happen next, only to be confronted with the rational part of themselves that consistently, argued for another course of action. Of course, if they had followed their intuition, they would have experienced a very satisfying outcome. Instead, what they ended up with was usually very unsatisfactory, especially when compared with what they otherwise perceived as possible. The only way I know of that you can try to be intuitive is to work at setting up a state of mind most conducive to receiving and acting on your intuitive impulses. The mechanical stage of trading is specifically designed to build the kind of trading skills (trust,confidence, and thinking in probabilities) that will virtually compel you to create consistent results. I define consistent results as a steadily rising equity curve with only minor draw downs that are the natural consequence of edges that didn't work. Other than finding a pattern that puts the odds of a winning trade in your favor, achieving a steadily rising equity curve is a function of systematically eliminating any susceptibility you may have to making the kind of fear, euphoric or self-valuation based trading errors I have described throughout this book. Eliminating the errors and expanding your sense of self-valuation will require the acquisition of skills that are all psychological in nature. The skills are psychological because each one, in its purest form, is simply a belief. Remember that the beliefs we operate out of will determine our state of mind and shape our experiences in ways that constantly reinforce what we already believe to be true. How truthful a belief is (relative to the environmental conditions) can be determined by how well it serves us; that is, the degree to which it helps us satisfy our objectives. If producing consistent results is your primary objective as a trader, then creating a belief (a conscious, energized concept that resists change and demands expression) that "I am a consistently successful trader" will act as a primaiy source of energy that will manage your perceptions, interpretations, expectations, and actions in ways that satisfy the belief and, consequently, the objective. Creating a dominant belief that "I am a consistently successful trader" requires adherence to several principles of consistent success. Some of these principles will undoubtedly be in direct conflict with some of the beliefs you've already acquired about trading. If this is the case, then what you have is a classic example of beliefs that are in direct conflict with desire. The energy dynamic here is no different from what it was for the boy who wanted to be like the other children who were not afraid to play with dogs. He desired to express himself in a way that he found, at least initially, virtually impossible. To satisfy his desire, he had to step into an active process of transformation. His technique was simple: He tried as hard as he could to stay focused on what he was trying to accomplish and, little by little, he de-activated the conflicting belief and strengthened the belief that was consistent with his desire. At some point, if that is your desire, then you will have to step into the process of transforming yourself into a consistent winner. When it comes to personal transformation, the most important ingredients are your willingness to change, the clarity of your intent, and the strength of your desire. Ultimately, for this process to work, you must choose consistency over eveiy other reason or justification you have for trading. If all of these ingredients are sufficiently present, then regardless of the internal obstacles you find yourself up against, what you desire will eventually prevail. The first step in the process of creating consistency is to start noticing what you're thinking, saying, and doing. Why? Because everything we think, say, or do as a trader contributes to and, therefore, reinforces some belief in our mental system. Because the process of becoming consistent is psychological in nature, it shouldn't come as a surprise that you'll have to start paying attention to your various psychological processes. The idea is eventually to learn to become an objective observer of your own thoughts, words, and deeds. Your first line of defense against committing a trading error is to catch yourself thinking about it. Of course, the last line of defense is to catch yourself in the act. If you don't commit yourself to becoming an observer to these processes, your realizations will always come after the experience, usually when you are in a state of deep regret and frustration.Observing yourself objectively implies doing it without judging about yourself. This might not be so easy for some of you to do considering the harsh, judgmental treatment you may have received from other people throughout your life. As a result, one quickly learns to associate any mistake with emotional pain. No one likes to be in a state of emotional pain, so we typically avoid acknowledging what we have learned to define as a mistake for as long as possible. Not confronting mistakes in our everyday lives usually doesn't have the same disastrous consequences it can have if we avoid confronting our mistakes as traders. For example, when I am working with floor traders, the analogy I use to illustrate how precarious a situation they are in is to ask them to imagine themselves walking across a bridge over the Grand Canyon. The width of the bridge is directly related to the number of contracts they trade. So, for example, for a one-contract trader the bridge is very wide, say 20 feet. A bridge 20 feet wide allows you a great deal of tolerance for error, so you don't have to be inordinately careful or focused on each step you take. Still, if you do happen to stumble and trip over the edge, the drop to the canyon floor is one mile. I don't know how many people would walk across a narrow bridge with no guardrails, where the ground is a mile down, but my guess is relatively few. Similarly, few people will take the kinds of risks associated with trading on the floor of the futures exchanges. Certainly a one-contract floor trader can do a great deal of damage to himself, not unlike falling off a mile-high bridge. But a one-contract trader also can give himself a wide tolerance for errors, miscalculations, or unusually violent market moves where he could find himself on the wrong side. 1. all our beliefs are in absolute harmony with our desires, and 2. all our beliefs are structured in such a way that they are completely consistent with what works from the environment's perspective. Obviously, if our beliefs are not consistent with what works from the environments perspective, the potential for making a mistake is high, if not inevitable. We won't be able to perceive the appropriate set of steps to our objective. Worse, we won't be able to perceive that what we want may not be available, or available in the quantity we desire or at the time when we want it. On the other hand, mistakes that are the result of beliefs that are in conflict with our objectives aren't always apparent or obvious. We know they will act as opposing forces, expressing their versions of the truth on our consciousness, and they can do that in many ways. The most difficult to detect is a distracting thought that causes a momentary lapse in focus or concentration. On the surface this may not sound significant. But, as in the analogy of the bridge over the canyon, when there's a lot at stake, even a slightly diminished capacity to stay focused can result in an error of disastrous proportions. This principle applies whether it's trading, sporting events, or computer programming. When our intent is clear and undiminished by any opposing energy, then our capacity to stay focused is greater, and the more likely it is that we will accomplish our objective. You have to be able to monitor yourself to some degree, and that will be difficult to do if you have the potential to experience emotional pain if and when you find yourself in the process of making an error. If this potential exists, you have two choices: 1. You can work on acquiring a new set of positively charged beliefs about what it means to make a mistake, along with de-activating any negatively charged beliefs that would argue otherwise or cause you to think less of yourself for making a mistake. 2. If you find this first choice undesirable, you can compensate for the potential to make errors by the way you set up your trading regime.

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📊 The Doji Candle Pattern 📍What is the Doji Candlestick Pattern? The Doji Candlestick Pattern refers to a chart pattern consisting of a single candle. This pattern appears when the opening and closing prices of a candle are nearly the same or identical, resulting in a small-bodied candle with upper and lower wicks resembling a "+". Different variations of Doji patterns exist, with unique names like the Long-legged Doji, Gravestone Doji, Dragonfly Doji, and Doji star candlestick pattern. Regardless of the type, all Doji patterns provide traders with four critical data points: the open, close, high, and low prices for the given period. Doji patterns can occur on any timeframe and in any market, making them the foundation of many trading strategies 🔹Long-legged Doji The Long-legged Doji pattern has an elongated upper and lower wick and a small body The Long-legged Doji can be interpreted in several ways and works best when viewed in context with price action. It is a potential price reversal signal in a defined up or downtrend. If it occurs in a flat market, it suggests further consolidation. 🔹Dragonfly Doji The Dragonfly Doji sets up when the candle’s open, close, and high is approximately the same. Visually, the Dragonfly looks like a “T,” as depicted in the image below. This formation suggests that heavy selling was present, but the market has rebounded. As a general rule, the Dragonfly is considered a reversal indicator. A retracement in price is expected when it occurs at the top of a bullish trend. 🔹Gravestone Doji The Gravestone Doji pattern is the polar opposite of the Dragonfly; it appears as an inverted “T” and signals that heavy buying has given way to selling. The Gravestone Doji is a reversal chart pattern that signals downward or upward pressure may be on the way. The Gravestone suggests that a reversal is possible when observed within a defined uptrend. Within a downtrend, bullish price action may be forthcoming. 🔸Reversals Doji candlesticks can be a great way to get in or out of the market in trending markets. The Gravestone and Dragonfly are ideal for reversal strategies as they indicate forthcoming upward and downward movements in price. 🔸Breakouts One of the lowest-risk ways to utilize Dojis in the FX market is to trade breakouts. A breakout is a sudden directional move in price. Dojis often precede breakouts, as they are a signal of indecisiveness. As soon as the market makes up its mind, a significant move may be in the offing. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️

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Supply and Demand 101 📚 OKXIDEAS 📌 1- Introduction To understand trading supply and demand, let's consider a simplified example. Imagine I typically purchase a specific brand of rice for $ 5 per bag. However, one day, while shopping, I discover that the price of this rice bag has increased to $ 7. While I could afford the extra $ 2, I'm accustomed to paying $ 5 and prefer not to pay more if possible. So, I begin to search for an alternative brand of rice that costs $ 5. This behavior is common among consumers, and many others would likely do the same thing in this situation. As time passes, the rice company notices that sales are decreasing, prompting them to reduce prices to move their inventory. Eventually, the bag of rice is back to HKEX:5 , and consumers begin purchasing it again. In this example, HKEX:5 represents demand. The same principle applies to supply and is relevant in trading, where instruments such as BTC, APPL, USD are involved. 📌 2- Supply and Demand Supply and demand is a trading and price action concept that analyses how financial markets move and how buyers and sellers drive the price. On every price chart, there are certain price points where you can observe a sudden shift between the buyers and the sellers. Those areas are usually characterized by strong and immediate turning points, or an explosive breakout. We as traders call those areas supply and demand zones. The fundamental concept is to identify points on a chart where the price has experienced a significant increase or decrease. A demand zone is marked when the price experiences a strong advance, and a supply zone is marked when the market has undergone a sharp decline. This principle is based on the mass psychology behind supply and demand, as exemplified by the bag of rice analogy. For instance, a trader may observe a significant bullish candle, but they may have missed out on the big move, causing them distress. Consequently, they are unlikely to buy now, believing the price is too high. Instead, they may wait for the price to retest the area where the aggressive upward movement began to identify buying opportunities where they perceive the price to be reasonable. As a result, this area becomes a demand zone as many traders are awaiting its retest to purchase. 📌 3- There are four key areas of interest on the charts to look for: The drop base rally, or ‘DBR’. The rally base drop, or ‘RBD’. The rally base rally, or ‘RBR’. The drop base drop, or ‘DBD’. A 'DBR' demand zone is typically indicative of a market bottom. Initially, the price is trending downwards until it begins to bottom out or base, then reverses its course to the upside. Similarly, an 'RBD' supply zone is formed in the same way as the 'DBR' formation, but instead of a market bottom, this pattern creates a market top before reversing to the downside. A 'RBR' demand zone typically emerges during an uptrend. The price starts with an upward movement, followed by a consolidation phase or base, and finally, a continuation move to the upside. On the other hand, a 'DBD' supply zone is essentially the same formation as a 'RBR' area but occurs within a downtrend. The price begins with a decline, enters into a consolidation phase, and is followed by a continuation move to the downside. Identifying these demand and supply zones can help traders in determining potential trading opportunities. Now that we have a basic idea of what to look for, here’s how the noted zones above look on a live chart. OKX:ETHUSDT OKXIDEAS 📌 4- Characteristics Of a Strong Zone a- Momentum from the zone OKX:OKBUSDT OKXIDEAS One of the fundamental rules to trading supply and demand is “The stronger the move away from a zone the higher the chance the market has of having a strong move away when it eventually returns” b- Time Spent Away From Zone OKX:OKBUSDT OKXIDEAS It doesn't seem logical that an old zone still contains orders to buy or sell within it. Let's consider a supply zone that is four years old and the market has not returned to it yet. Is it plausible that traders still have a pending order to sell around it? The strength of a supply or demand zone is defined by the amount of time the market has spent away from it. The more quickly the market returns to a supply or demand zone, the higher the probability of a successful trade. Usually, older zones do not work out frequently. Therefore, it is better to concentrate only on the recently created zones. In the above example, the last demand zone is still fresh, the more time passes, the weaker it becomes. 📌 5- Difference Between Supply & Demand and Support & Resistance OKX:XRPUSDT OKXIDEAS The concept of support and resistance is based on the idea that a line or area that has been tested multiple times in the past and prevented the price from moving beyond it is considered significant. On the other hand, when it comes to supply and demand, we are interested in finding areas with a strong, recent, and untested movement, rather than areas that have been repeatedly tested and held strong. Sometimes, just like the above XRP example, it happens that we have got a demand zone (blue) around a support zone (red) but it doesn't mean that they are the same. 📌 6- How to trade Supply and Demand There are plenty of methods one can use to enhance the probability of a zone holding firm. Each individual is different and will, therefore, rarely look at the charts the same way. Some traders, like myself, prefer to confirm these zones using other technical tools, while others prefer to simply trade the zones naked. OKX:XRPUSDT OKXIDEAS As per my trading style, I only locate supply/demand zones on higher timeframes. And as price approaches the supply/demand, I zoom in to lower timeframes to look for sell/buy setups for extra confirmation. 7- Conclusion Traders, especially amateurs, are usually fascinated by supply and demand because they want to catch the exact price tops or bottoms. However, supply and demand is not foolproof and definitely not the Holy Grail. Supply and demand zones are not a stand-alone strategy but act as extra confluence for an existing potential setup. Remember: Higher-timeframe areas are more reliable. Trading the first time back to a zone is the highest probability trading setup. I have shared my personal thoughts about Supply and Demand, however it is your job as a trader to find what works for you. Let me know if you find this post useful, and what which topic would you like me to cover next 🙏 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Disclaimer: The information provided is for educational and informational purposes only and should not be considered as financial advice. It is important to do your own research and make informed decisions before entering any trades. Past performance is not indicative of future results. Always be aware of the potential for losses, and never risk more than you can afford to lose.

Education

by TheSignalyst

📊 Smart Money Concepts: A Market Structure Showcase 📍What Is Smart Money? Smart money is the capital that is being controlled by institutional investors, market mavens, central banks, funds, and other financial professionals. Smart money was originally a gambling term that referred to the wagers made by gamblers with a track record of success. 📍Principles of Smart Money Market Structure in Order Block Trading Price moves within a structural of support and resistance. A breakout of the structural of support or resistance will lead to price movement in the next area of the support or resistance. When the price broke market structure was high the low point becomes a strong low. Strong Low is The Low that caused Manipulation and Break Structure (resistance). Fresh high in an uptrend and fresh low in a downtrend. Weak Low/High is the Low that fails To Break Structure 🔹For every strong LOW, there is a weak High 🔹For every strong High, there is a weak Low After a zone is tested many times or during a strong move, Supply and Demand levels eventually break. Due to the remaining orders being triggered and gradually removed, or an overwhelming number of orders in the opposite direction breaking the level. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️

Education

⚠️ Risk Management Examples Showcase 📍What Is the Risk/Reward Ratio? The risk/reward ratio marks the prospective reward an investor can earn for every dollar they risk on an investment. Many investors use risk/reward ratios to compare the expected returns of an investment with the amount of risk they must undertake to earn these returns. A lower risk/return ratio is often preferable as it signals less risk for an equivalent potential gain. 📍Consider the showcased example: An investment with a risk-reward ratio of 1:3 suggests that an investor is willing to risk $100, for the prospect of earning $300. Alternatively, a risk/reward ratio of 1:4 signals that an investor should expect to invest $100, for the prospect of earning $300 on their investment. Traders often use this approach to plan which trades to take, and the ratio is calculated by dividing the amount a trader stands to lose if the price of an asset moves in an unexpected direction (the risk) by the amount of profit the trader expects to have made when the position is closed (the reward). It is very important to calculate your R:R before entering a trade. Sometimes the trade might not be worth the amount you're risking vs the reward you can get. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️

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The Process of Creating Strategy Hello traders, In this post i am going to show that how we can create and develop the trading strategy that works. Now the first step we need to do is just search and find the any trading method that suitable for us for example that would be like elliott wave, ict concept, VSA, just using indicators and maybe you can also create your own method and backtest it. when you learned the method now its time to create your trading rules every strategy has own different rules like what is your risk to reward ratio? what is your trade management plan? either you manage your trade or just take the trade and come back after its hit TP or SL, how much is your daily limit means how much trades you will be taking in a day or in a week if you want to become a swing trader depends on you, what is your risk per trade? can you will be cutting the risk to half or just use fixed risk after lose trade? what is your daily limit of losing? can you hold trade overnight or over weekend? what is your trading timeframe? what is your trading sessions? etc... These all kind of rules you will be require to create for yourself they might be different rules depends on your strategy method now we learned the method and created the rule move forward to the next step is open the live demo trading account and trade with your strategy and apply the rules don't break the rules that you created trade at least 30 days and journal your data your taking trades after 30 days check the journal you will see your data for example in your rules you set 1/2 risk reward ratio so you need to have around 40% winning ratio check the journal check the results did you have a 40% winning ratio if the answer is yes then good to go i am sure that you know what to do next but if you failed and your winning ratio is below 40% now analyze your journal data the trades you taken you will see some of bad trades that you don't wanted to trade again just avoid those trades next time and try again the process for the next 30 days. repeat the process one day you will be profitable and consistent but if you not then try again again learn from your mistakes and don't do that mistakes again. When yo have been profitable this is the time you wanna enter in the market open the real live trading account and start trading with your strategy and follow the rules that you created for yourself run the process and always remember trading is not quick rish scheme you need to have a lot of patience, trading is a long run game like marathon race and its required patience. some of my advice is don't try to break the rules, don't depend on one trade, some times market will give you some results that you don't want from it but be patient and be consistent with your strategy with your rules, you will be facing drawdowns but that is the learning process you will learn a lot from the drawdown so with the time you will be better consistent and be profitable just don't leave the process too soon and believe in yourself and try again again and again, trading is a very beautiful and also the easiest thing to live life but firstly in the starting it required from us to pass the test. trading is a very easiest thing but also a very hardest thing. i hope you find this post useful, i wish you good luck and good trading. If you like the post, boost my work with like comments and share thanks!

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The Two Types of Risk Management Plan Hello traders, 1) Fixed Risk Calculates position size for next trade as a percentage of account depend on how much risk you willing to take every time every trade you taking you need to use fixed risk for every trade like for example 1% risk per trade so in this type of risk management plan we should require 100 losing trades in a row to blowing out our account a lot of people just using this simple method and this is very easy and understandable. 2) Cutting the Risk : In this method cutting the risk we just normally trade 1% risk per trade but if we lose that trade so we just cut the risk to half for example if i trade with 1% risk and i lose so now the next second trade which i am taking i will be using 0.5% risk in that trade if i lose then i will be just keep using the same risk 0.5% some traders are are keep reducing the risk size like they come all the way to to 0.25% maybe they work for it but in our scenario if we keep losing we will be not reducing more than 0.5% risk per trade and when win comes then after our winning trade we will be back to the normal risk which is 1% risk per trade and keep trading with 1% risk per trade so short summary is if we lose cut the risk to half if we when if we win back to the normal risk if we win again stay with same normal risk but if lose then reduce the risk to half. The reason behind that is in the fixed risk you have 100 traders to blowing out your account means 100 chances but in cutting the risk now we just calculate if we lose 100 trades in a row like fixed risk we would not blow out our account,, let's say we take our first trade and we lose now we are in -1% then another trade we will be taking with 0.5% per trade risk so here is 0.5% × 100 trades = 50 means if we continue to lose in a row after 100 trades we will be facing -50 draw down, so cutting the risk to half after lose trade is the safest method who wants to play safe and more chances to survive in the market. I wish you good luck and good trading. If you like the post, support my work with like comments and share thanks!

Education

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