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How Momentum In Markets Effect Price PredictabilityWithout algo-assisted buy/sell signal trading tools, you have a few difficult choices... You either trade far less often, based on longer term swing trades, with an emphasis on accumulation... or you develop the skill of a professional trader and keep an eye on the markets for short-term timeframe opportunities. Most people getting into the markets, especially the crypto market, trade with the skill of a long-term swing trader, but do so using short-term timeframes for entry/exits. And that's how they continue to get their dreams of financial success decapitated by the more sophisticated market makers. After learning candle stick formations... and after learning the basic indicators of MACD, Ichimoku Cloud, RSI... and support/resistance levels and trendlines... the next skill level is to appreciate momentum. No, not the 'momentum indicator' per se, but an appreciation for how momentum has to be clearly on your side at higher time-frames, before exit and entry positions can be taken seriously. Only yesterday we published a chart on the 2 day time frame for LINKUSD that was a SELL, where as another trader published a chart on a 12 hour time frame for LINKUSD that was a BUY. The market cratered soon after and his chart looks like one of those memes of despair. The very simple difference, we believe, is that we checked the higher time frames for overall market momentum, where as he apparently did not. It's a more common mistake than you might think. And an easy one to fix. Remember, long-time frames trump short-time frames. Why? Because of momentum. Imagine an oil tanker in the ocean (representing high time frame). It takes time to turn but it does so with power. Imagine a tiny little speed boat (representing short time frame). It can change direction in the blink of an eye, and it does so with light agility. Imagine a jet ski (representing a 15 minute chart). It may be fun and you get to see a lot of action, but there is zero reliability of where that thing is going from one minute to the next. Which of those 3 types of boat would you place your bets on for the direction and position it may be in, in the near future? Easier to predict the oil tanker direction and location right? Same with higher time frame charts. Once you establish your view of market momentum based on higher time frames, then you can drop down into lower time frames to get a better sense of the short-term direction, looking for various styles of trading opportunity, such as entry/exit for swing trading, or scalp opportunities with clear Take Profit targets. Happy trading. Team Sparkster for SparksterSignals
Education
by Sparkster
☝ Robert Kiyosaki, says that the fake money will soon disappear 📖 The author of the bestseller "fake", Robert Kiyosaki, examines the current situation in our not calm financial world, and also gives some wise practical advice. He recommends that you buy "God's money" for insurance — gold, in bars and coins, and do it outside the financial and banking system. ⠀ Robert lists the main reasons why holds real gold and silver:⠀ ⠀ 1) Trust. Robert doesn't trust fake money that is printed without restriction.⠀ 2) Insurance. Real gold and silver are not investments, but insurance against "elite games"⠀ 3) Controlled risks. You are confident in your government, and in your Bank, what does history tell us about this?⠀ 4) Availability. In our time, you can buy gold and silver in the public domain.⠀ 5) Simplicity. The elite turned simple things into complex ones. With gold, everything is easier.⠀ 6) Real money. They meet all the criteria for non-fake money.⠀ 7) Cheaper than mining. Coins and bullion are easier to buy than to mine through companies.⠀ 8) Gold — "money of God". Although many are skeptical about this item, yet those who believe in it, it works.⠀ ⠀ 💰 Time of course will tell what will happen, but just in case, bought a few bars and coins.⠀ ⠀ And you keep the money in coins and precious metals? Do you think that gold has the magic power to attract more gold?
GEducation
by ivan_gold_star_
Blue FX Strategy v3 - letting winners run is key!An explanation into V3 and the differences that are designed to help you the trader, in execution, convenience, efficiency, trading psychology and ultimately profitability. Improvements made; Lot size calculator Pips in brackets Back testing functionality Customisable settings Stop loss and Take Profit labels visible on all time frames and more! Its all there - explained in the video traders. Thank you. Regards Darren
Education
by pow_removetheguesswork
Blue FX Trend Strategy V1 - how does it work?Video explanation on V1 - how it works and how to use it. We will next explain V2 and V3. We have developed the initial strategy very quickly and these videos will explain the changes and help you the trader, find the right tool for you. There is no one size fits all approach, but fundamentally our strategy is based on you being the right side of the market and to encourage you to let your winning trades run. Cut losers, let winners run. Sometimes the best trade to take is the one you are already in! Learn to spot a ranging market and have patience in your execution on a break out and you will vastly improve the statistics here too. Full back testing functionality on just trend following - BUT scroll left and test easily too with a Fixed Stop Loss (SL) and Take Profit (TP). Custom settings can improve or decrease performance across all pairs. Regards Darren
Education
by pow_removetheguesswork
Why Knowledgeable Traders Lose MoneyI've been trading for 20+ years and I believe I have almost seen it all. I've had big winning trades, and huge losses. Some of my biggest wins came when I was a beginner aka fomo trader, and my biggest losses came when I become more knowledgeable of the market. My most consistent trading came in my latter years when I gained experience and felt real pain, and I would like to share what I observed. I believe most retail traders naturally follow the same path if they stay solvent and interested enough to stick through it. 1. Beginner trader (1st year trading) : These traders generally tend to be profitable. You can call it beginners luck, but it's what gets most people to learn more about trading and put them into the 2nd class of traders (knowledgeable traders), which are the losers in the market. You can recognize a beginner trader as they believe in generalities. Those who believe "stonks only go up bro", yes they likely outperform you. It's only a matter of time before they don't, but this is where they get their confidence to invest more. 2. Knowledgeable trader : I believe most Tradingview users fall into this category. They likely had some great luck starting out by fomoing into a stock that was in an uptrend which made them want to learn more about trading, and with this newfound knowledge and tools like Tradingview they can't figure out why they are consistently losing money. They theorize in the back of their mind that the more they learned, the more they lost, and they are correct, but it's hard to accept this realization. The frustration they feel only leads to further losses which results from deleting stop losses because they're sick of losing. These are traders who upgraded their account to margin trading and they now have the awesome ability to short stocks. They imagine catching the top of a trending market and riding it all the way down. It's a fantasy I believe we all shared at one point. Instead of trading with the trend, they trade in the direction of their emotions, namely disbelief. They believe stocks are too oversold or overbought, and they look for setups to match their bias. In general, they are against the long term trend which makes their amazing setups likely to fail. When they're stuck in a trade, they resort to media and other traders to give them hope that the market will go their way. In general, the media is only adding to the traders disbelief and giving them false hope. Most traders fit into this category, and they are part of the reason for these extreme trends. They consistently get squeezed by going against the market, adding fuel to the trend. High frequency traders / institutions make a killing running these traders out of the market, while the beginner traders enjoy the gains from their fomo trades which are generally aligned with the trend of the market. 3. Experienced trader : These are traders who have been trading for 4 or more years and have stayed solvent enough to make it through phase #2. They have likely lost a lot of money trying to catch reversals and they has since realized most money is to be made in the middle by trading with the long term trend within the context of larger patterns. They also know how to take a stop loss and see it as an opportunity for a new trade. They realize they are wrong at least 40% of the time and they are at peace with it. They still get frustrated when a trade doesn't go their way, but they know this is a game of risk and reward, it's not about fortune telling. They know they will generally feel more pain if they don't take their stop, and while they may delete their stop in their weakest moments, the largest majority of the time they take the stop or exit with a loss before the loss becomes greater. The hardest part is knowing it's okay to be wrong, and it's okay be to be stopped out 4 or 5 times in a row and not be a failure. They see themselves as risk managers, not traders. They know there is no such thing as oversold or overbought, and have likely removed stoch and RSI indicators as they cause fomo to bet against a trend. They know nothing is oversold or overbought unless price reaches an area of extreme on a higher time frame chart or price is contained inside of a large well defined pattern that at least appears on an hourly chart that spans for days if not weeks. This analysis will likely not help anyone as emotions overpower logic 20:1. Most traders need to feel enough pain before they transition from phase 2 to phase 3, it's not something that can be taught. They need the financial and emotional scars. They need the natural feeling of pain in the moment they feel they might delete their stop loss or bet against a trend when the price is not at strong resistance / support in a longer term pattern. In general human behavior, most people have a plan but the plan is usually thrown out the window in the moment a decision has to be made. The purpose of this analysis is just to let you know that it's okay to be in the middle, and if you can at least have the control to trade with smaller amounts when you're in phase 2, you'll one day likely make it to phase 3. This analysis wont make anyone transition from a phase 2 to a phase 3 trader, I mainly wanted to make it clear that your emotions will likely continue to rule your trading, even in phase 3, the big difference is that you'll naturally feel pain before you make a mistake a phase 2 trader will make. Embrace your scars and the journey ahead.
CME_MINI:NQM2020Education
by ttrending
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