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selby_exchange - Selby Margin Trading Rules 1.0 Selby Margin Trading Rules 1.0 1. Read these rules everyday without exception. Only begin margin trading after 30 minutes of reviewing all instruments and timeframes. 2. Charting: Midterm forecasting (months) charts built in 9,12hr and 1day. - Margin forecast charts built in 11,33min. using data from Heikin Ashi candle wicks. - Margin trade on 1min. follow the 3,6min. (use 2,3,4,5,6,9,11,15min. for in/out). 3. 3% RULE: Always close negative positions. Look for a retrace opportunity to exit but if trade falls below -3% for more then 30min set a stop loss limit order. This is the most important rule to prevent loss of time and a potential liquidation. 4. Enter limit order long/short and then set limit exit to take profit (TP) at the next short term Fibonacci level. Moving averages in higher timeframes 21,29,33,42,48,52,96min the 1-6,9,16hr and 1day will confirm market direction for successful trade. 5. "THINGS TO AVOID" Greed - Bragging - FOMO 6. "60/40 Split" to maximize margin profit, stay in fiat while awaiting confirmation of market direction (do not trade reversal chop washes; the 6,11min. must show a clear direction). Work as long as you like if you are in rhythm, but remember not every day is a trading day. 7. Think and chart 3-steps ahead, do not rush yourself into a position. Wait 11min at a minimum between entry/exit. Stay alert (Matcha tea) do not fall asleep. No trades 48hrs after (alcohol or drug use). "3-Strikes" If you have three bad trades during the workday stop for 24hrs. 8. (TP) TAKE PROFIT: Cash-out at the end of the day and pull 10% of daily net gains out of cyberspace. Always sleep in fiat (stable coin) without exception. Selby finding creative patterns in charts on Tradingview Not advice for investing, but I am one to watch Rebellion=Change=Future
COINBASE:BTCUSDEducation
by selby_exchange
4
USD/CAD | Swing Trade Update 1.2The market giveth and the market can take it She is only fair if you are reasonable and disciplined. Have you been eating your popcorn like I suggested a few posts back? Weekly & Daily dynamic TL’s have been tested and broken. The nay sayers will come out of the wood works and tell you “but kind sir, it pulled back and closed above it so it failed.” Indeed my new disciple, you have lots to learn. Only because she has failed does not mean her intentions weren’t clear. Testing lows and shaking the weak out of their positions with reversal candle stick type patterns are their rhetoric. Indies below 50 with plenty of room to fall and continuation patterns should be presenting themselves. Observe price action and don’t hope the market will move in your favor. Trade what you see and not what you think. Break time, I need more popcorn....
Short
by theyfollowme
USDCAD - Short Swing Trade 1.1Ladies and gentlemen, we are here, another beautiful August day, observing and remaining patient shall be the name of the game. Hold on to your horses, don't let the devil tempt you into a long as the set up is serendipitously becoming more real. Multiple Levels of confluence. A rejection at a key monthly level of resistance. The weekly dynamic TL has been broken and retested. Head & Shoulder pattern developing at more key levels. Indicators resting at the 50 level and itching for a bounce. Watch for a Frankfurt fake out- banks will take out stops and get in at a better price on your hard earned bread crumbs. I've got popcorn in the microwave and you should too. Market gives to those that are patient, watch how it unfolds over the next couple weeks. Follow me and swing trade your way to freedom.
Short
by theyfollowme
DXY - Swing Trade If you’ve been reading and following the last couple posts you would know that we are disliking the US dollar against the looney. If you haven’t thats ok, just make sure you check em out after this. It adds further confirmation to the ideas presented. If your dinner has been served and you’re ready to keep things simple then look at the weekly index for the dollar and notice the heavy divergence. Wait, let me stress this further, look at how dang LONG this has been developing for. Patience is a virtue and the market rewards those that are patient. I’m going to sound repetitive because you all are too greedy and always want to be in the market picking tops and picking bottoms. This divergence and lack of momentum signals exhaustion and adds fuel to our shorts with UCAD. Don’t go bald pulling your hair out, hold on to the laurels this will be a ride. See ya soon folks.
TVC:DXYShort
by theyfollowme
3