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Basic

My Very First TA: ETHUSDTTime Frame: 2 hrs >It looks like Eth is finishing a head & shoulder in short term (2hrs), but a break above 525 may also abort this pattern and trigger an uptrend price up to 540. >A break in 540 may trigger a bullish momentum, however a break below 480 may abort a bullish momentum and trigger a sell off up to 430 >The price is currently getting squeezed between 500 and 520, in green tend line, a break below will make a new pattern or may follow the orange trend line or a sell off to 480 >Ether is still following BTC movement after the recent upward momentum. Any rise/fall in BTC price may still abort any pattern eth is building atm. *Disclaimer; This TA is my very first one, totally a novice work. This is not a financial advice.
by siHagler
Supply and Demand - Basic Concept I thought I would do a quick video and give a bare bones overview of the basic concept of supply and demand. Personally, I've stopped using indicators other than a few moving averages and simply started to look for supply and demand zones and a few bullish and bearish candle patterns. oh... and i'm a fan of using trendline breaks and measured moves. Anyway, as i said, this is just a quick high level of supply and demand. I hope you enjoyed the video and i would appreciate any feedback (good or bad).
Education
by Crypto_Sid
9
Dollar Yen looking a little bearish. Will see what open brings..I'm a relatively new trader here, so constructive criticism is always nice. I suppose you can consider me a swing/short term trader; nothing longer than a week so I look at hourly charts and sometimes day charts. Based on previous chart data I have plotted my support lines that seem to be respected fairly well. Using those I then followed up with a little longer Fib sequence giving me a basic idea of where the candles where heading. Keep in mind, this is 100% technical analysts. I noted that it looked like the .236 level was going to be tested (Market closed before it could). Placing a few simple trend lines I believe in the close future the price will pinch off and take a dive considering since the beginning of the year this pair has kind of tanked... After areas of confluence were noted, more or less, I placed a short position indicator. Something I am looking to take on Monday. We'll just see how he market is reacting Sunday afternoon. That's pretty much it. Like I said, I am fairly new to the game so any constructive criticism is appreciated!
Short
by caas_i7
Basic Attention Token (BAT) - What a beautiful sign for us all!Welcome to my tradingview idea. Take a look at my other charts (I hit my targets 90% of the time, literally!) HOW-TO: You have to follow 1 single strategy: Buy low & Sell high. 3 Simple steps: 1) Buy. 2) Hold. 3) Sell for profit. There aren't many choices when it comes to day trading, you can either buy or sell. So once you buy, you can only sell, and the only way to make money, is to sell for profit (waiting until the price goes up). The only way to lose money, is to sell for a loss (not waiting, getting desperate and selling when the price is down). So remember, it doesn't get any easier than this, just buy and hold. That's it. Sell on target. You win. Please like my profile, and my views if you do follow them, i would appreciate that, thank you :-) INFO: GREEN LINE: This is calculated target (We aim to hit this price) RED LINE: This is our exit point (We sell here if price goes to this point) BLUE LINE: This is our guide line (The price should follow this line on my analysis, if price breaks this line, there is a possibility that we are going to our exit point) From the creator of JavaScript and the co-founder of Mozilla and Firefox, with a solid team – funded by Founders Fund, Foundation Capital, Propel Venture Partners, Pantera Capital, DCG, Danhua Capital, and Huiyin Blockchain Venture among others. Basic Attention Token radically improves the efficiency of digital advertising by creating a new token that can be exchanged between publishers, advertisers, and users. It all happens on the Ethereum blockchain. The token can be used to obtain a variety of advertising and attention-based services on the Brave platform. The utility of the token is based on user attention, which simply means a person’s focused mental engagement. Enjoy and good luck!
Long
by juneztx
2
Basic rules for trading my Swing levelsBASIC RULES FOR TRADING MY SWING TRADE LEVELS : SL/PT For every swing trade I use different SL. It is because I search the chart for the best place for the stop loss order. My PT depends on how far my SL is. Ideally the distance to PT is more or less the same as the distance to my previously determined SL (if I choose SL for example 100 pips, I use PT also around 100 pips). This is because I like Risk Reward Ratio close to 1:1. However, there are more ways to trade my swing levels. Here are some with very good results: a. Risk Reward Ratio 1:1 : When trading this way I don’t move my SL. There are only two possible outcomes: full SL or full PT. If you don’t feel that agressive you can move your SL in simillar way like in intraday trading i.e.: move SL below/above the reaction or at BE when you are about 70 – 80 % in open profit. b. Risk Reward Ratio 1:2: You try to gain 2x more than you risk. When price reaches 50 % of your profit you move your SL below/above the reaction. For example: your SL is 120 pips so you want PT 240 pips. When the price moves 120 pips in your favour (50 %) you move your SL below/above the reaction. This method has very good results but is quite mentally challenging. c. The same as previous one with the exception that you don’t move your SL below/above reaction but at your break even level. d. Risk Reward Ratio market dependant: Risk Reward Ratio in this method ranges from 1:1 to 1:2 depending on the market conditions. This requires some skill to determine how far the move could go. I use this method when I want more than 1:1 but don’t want to go for Risk Reward Ratio 1:2 because I think it is too risky. My most frequent risk reward ratio with this method is around 1:1,5 *I use limit orders when trading swing trades. Macroeconomic events I trade my swing positions even during significant (marked in red) macroeconomic news. There are so many of them every week that if I wanted to quit my position before every such event the position would just rarely have enough time to reach my PT which is usually over 80 pips far.This approach may look a bit agressive but it is working nicely. There is one exception: I close all my swing positions and all pending orders before the most significant news. Those are news that are issued by central banks and concern their monetary policy. Here are some of them: a. Monetary Policy Statement and BOJ Policy Rate (JPY) b. FOMC Statement and Federal Funds Rate (USD) c. Federal Funds Rate and Official Bank Rate (GBP) d. RBA Monetary Policy Statement and Cash Rate (AUD) e. RBNZ Rate Statement and Official Cash Rate (NZD) f. Bank of Canada Rate Statement and Bank of Canada Monetary Policy Report (CAD) g. Minimum Bid Rate and ECB Press Conference (EUR) h. Some other significant news concerning Brexit, US presidental election, significant news concerning Grexit, etc... *If you trade your own swing trades with SL tighter than about 50 pips I suggest you adapt the rules and close the trades even before less significant macro events.
by Trader_Dale
2
Basic rules for trading my intraday levelsTrading rules for intraday levels 1 . Understanding levels - I trade all my levels when the price reaches them. If I have for example 2 short levels it doesn’t mean that price will go up to reach those two levels nor does it mean that I think the market is going down. What it means is: If the price reaches 1st short level – I go in the short trade. Using rules I wrote below. If the price reaches the 2nd short level I go again in a short position using the same rules. 2. Profit Target/Stop loss - Profit target: 10 pips. - Stop loss: 12 pips. - I use this PT/SL because it suits me personally. It is also possible to go for much bigger profit targets because there is strong reaction to my levels quite often. I recommend trying 1st profit target 10 pips and 2nd profit target for example 20 pips (or use some type of trailing). 3. Securing your position - If the market went your way at least 7-8 or more pips it is possible to move SL. This way you can prevent turning a winner into a loser. You can move SL either to the place where the market turned or to Break even level. If you move the stop loss or not depends on your own judgement and your risk aversion. 4. When I consider the level already “tested“ - If the market turns 3 or less pips before reaching the intraday level and makes 8 or more pips consider the level already tested and do not trade it anymore. This rule is not so clear-cut. For example if the market turns 2 pips before my level and makes 12 pip reaction – I won’t take the trade anymore. However if the market turns 3 pips sooner and makes not so strong 8 pip reaction I may still take the trade. 5. Macroeconomic news - Never trade during significant macroeconomic news. Close all intraday trades at least 3 minutes before the announcement no matter if they are in open profit or losing. You can trade again if you see that there is no reaction to the news or wait about 10 minutes after the announcement (or better – after the macro volatility subsides). 6. Limit vs. market orders - For intraday trades I use market orders only. I use alarms that I put few pips before the levels so I don’t miss any. - It is possible to use limit orders but you need to be aware of these factors: o Macroeconomic news o Situations when market turns a bit sooner making the level not valid anymore. o Sometimes with market order you can jump in the trade for a slightly better price. o Securing the position is harder when away from computer. o 7. How long are levels valid - My intraday levels are valid until they are tested or until the next levels are published. - My levels work for EU, US and ASIAN trading session. - I usuallly don’t trade Asian session because I need to sleep from time to time
by Trader_Dale