Educationalposts
Golden Advice from Takashi Kotegawa🎥Takashi Kotegawa turned around $12K to $200M in just 8 years and reached a net worth of a whopping $ 1.8B from trading in his bedroom🍻 When I met Stocks Genius Takashi a few years ago, he gave me one of the best trading advice👇🏻
Trade with small size while learning
Only risk 1% of your account size each trade
Master one setup
Find a solid mentor
Journal your trades and study your data
Follow your plan consistently regardless of the outcome
Take Trading decisions as unemotionally as possible
Focus on these points, instead of focusing on goals like: I want to make 5K or 10K a month🍻
Don’t quit your job, yetLet me share with you a true story. Han (not his real name) just started trading the Crypto market. He funded his account and made a $1,000 profit after a few trades. So he thought to himself “If I can make $1,000 trading part-time, then I’ll make even more money trading full-time.”
So, John quit his job to trade full-time. The first few days were good as he was making consistent profits from the markets. Then the market changed and the losses crept in.
Eventually, he gave back all his profits and bust his account. Now, he’s back in the job market looking for work. So, what’s the lesson?
Don’t quit your job, yet. Just because you’ve made some money from the financial markets doesn’t mean you can do it full-time, it might be beginner’s luck. Also, full-time trading requires a different mindset, account size, expectations, consistency, a lot of patience, etc.
Natural Gas - WEEKLY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
NZDUSD- 60 MINS TIMEFRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
👑 THE UNCROWNED BEST INDICATORS PT.1That's the Part.1 of my collection of Uncrowned best indicators for trading.
I choose to call this post " uncrowned " because these indicators are firstly free resources and second well utilized and combined are much better than most of the paid indicators.
Often the best indicators are forgotten just because seem too basic or have no marketing behind them.
I can assure you, the top perform algorithm traders at least use for sure one of these 5 indicators. ( or more.. )
Making a great algorithm requires time to find the right combination of indicators and patience in backtesting.
If you don't know some of these indicators, I suggest you have a look, you can find them for free here in Tradingview.
N.1 AROON
The Aroon indicator is a technical indicator that is used to identify trend changes in the price of an asset, as well as the strength of that trend. In essence, the indicator measures the time between highs and the time between lows over a time period. The idea is that strong uptrends will regularly see new highs, and strong downtrends will regularly see new lows. The indicator signals when this is happening, and when it isn't.
The indicator consists of the "Aroon up" line, which measures the strength of the uptrend, and the "Aroon down" line, which measures the strength of the downtrend.
The Aroon indicator was developed by Tushar Chande in 1995.
Here is an Idea of how to use it, very basic. You can combine this indicator with your own favorite ones to create your best strategy.
Check the settings to find the right setup.
N.2 STOCH RSI
I personally love The Stochastic RSI. This indicator as the normal stochastic shows ranges between zero and 100 and is created by applying the Stochastic oscillator formula to a set of relative strength index (RSI) values rather than to standard price data. Using RSI values within the Stochastic formula gives traders an idea of whether the current RSI value is overbought or oversold.
The StochRSI oscillator was developed to take advantage of both momentum indicators in order to create a more sensitive indicator that is attuned to a specific security's historical performance rather than a generalized analysis of price change.
The StochRSI was developed by Tushar S. Chande and Stanley Kroll and detailed in their book "The New Technical Trader," first published in 1994. While technical indicators already existed to show overbought and oversold levels, the two developed StochRSI to improve sensitivity and generate a greater number of signals than traditional indicators could do.
The StochRSI deems something to be oversold when the value drops below 20, meaning the RSI value is trading at the lower end of its predefined range, and that the short-term direction of the underlying security may be nearing a low a possible move higher. Conversely, a reading above 80 suggests the RSI may be reaching extreme highs and could be used to signal a pullback in the underlying security.
Along with identifying overbought/oversold conditions, the StochRSI can be used to identify short-term trends by looking at it in the context of an oscillator with a centerline at 50. When the StochRSI is above 50, the security may be seen as trending higher, and vice versa when it's below 50.
The StochRSI should also be used in conjunction with other technical indicators or chart patterns to maximize effectiveness, especially given the high number of signals that it generates.
N.3 ATR Average True Range
I think the ATR is the base of any algorithm or at least every algorithm trader has at least one setup with this indicator to calculate the Stop loss or the Take profit or both together.
The average true range (ATR) is a technical analysis indicator, introduced by market technician J. Welles Wilder Jr. in his book New Concepts in Technical Trading Systems, that measures market volatility by decomposing the entire range of an asset price for that period.
The ATR may be used by market technicians to enter and exit trades and is a useful tool to add to a trading system. It was created to allow traders to more accurately measure the daily volatility of an asset by using simple calculations. The indicator does not indicate the price direction; rather it is used primarily to measure volatility caused by gaps and limit up or down moves. The ATR is fairly simple to calculate and only needs historical price data.
The ATR is commonly used as an exit method that can be applied no matter how the entry decision is made.
N.4 The Bullish and Bearish Engulfing
Well, this indicator, free by tradingview show exactly the presence of Bullish and Bearish reversal made from Engulfing pattern.
It can be a great confirmation indicator for your strategy if used together with other indicators inside your algorithm.
N.5 WAE - Waddah Attar Explosion
Last but not least, an incredible free indicator. Great for confirmation entry as well as Volume and trend direction.
Trading volume can help an investor identify the momentum of a currency pair and confirm a trend. If trading volume increases, prices generally move in the same direction and can provide a heads-up if volume diminishes. Once volume begins to diminish and the fuel for the trend starts to dry up, a reversal or ranging market may be on the horizon. This particular volume indicator has only three components to interpret, visually straightforward, easy to understand, and user-friendly.
I hope at least one of these Five uncrowned indicators will become part of your arsenal.
Please, support my work with likes and comments!
Layer 0 Blockchains ExplainedHello everybody.
Today i will explain What is Layer Zero Blockchains and How it work
and whats the difference betweem L1 and L0 ?
Lets go...
First take a look at The Scalability Trilemma :
the scalability trilemma is a series of trade-offs between decentralization, speed/scalability, and security
that one must make when designing a blockchain and constructing rules for its on-chain governance.
Centralization = Increased Speed, Decreased Security & Censorship Resistance
Decentralization = Decreased Speed, Increased Security & Censorship Resistance
It is very difficult , if not impossible, to achieve perfect decentralization without compromising scalability, and vice versa.
This is especially true on a monolithic blockchain where all the critical functions like transaction execution, consensus and data availability
(the ability to verify that all the data from new blocks has been published) are managed by a single network,
increasing the likelihood of congestion and making it much more difficult to scale.
A workaround to the scalability trilemma is to delegate the primary responsibility for these 3 functions to different independent blockchains.
This design ensures that the execution chain can be optimized for handling high TPS dapps like a DEX or play-to-earn game without worrying about decentralization.
A second chain can then be optimized for decentralization and serve as a final consensus layer for the execution chain to enable withdrawals to and anchor its data.
When it comes to scalability, layer 0 networks can help blockchain scale by increasing transaction throughput.
While transaction speed is typically measured in terms of TPS (transactions per second), transaction throughput looks at the total number of transactions that a network can handle at one time.
The Problem with Layer 1s
As the demand for Dapps increases and more capital flows into the space to support development, we are beginning to see the growing pains of layer 1 networks as they struggle to meet the needs of developers and end users who have opposing views on whether dapps should prioritize scalability, security or decentralization.
Layer 1 networks are built with a monolithic architecture. This means that the execution, consensus and data availability layers are all functioning within a single blockchain network. This stacked design places a strain on the system and results in the need for blockchains to comprise decentralization for security, or scalability for decentralization.
In addition, the lack of control over the underlying infrastructure that dapp developers build on top of has also been a cause of much frustration. Rising gas fees on the Ethereum network make all ethereum dapps too expensive to use, while unexpected downtime on the Solana network similarly makes all dapps on Solana also go offline.
Dapp developers must also make compromises in how they design their dapps in order to remain compatible with these L1 networks, and lack the ability to explore different consensus mechanisms or to experiment freely with token incentive models because consensus is a primary function of the L1 infrastructure layer. The overdependence on L1’s and difficult tradeoffs imposed by the scalability trilemma can only be remedied by creating a new base infrastructure that empowers developers to launch their own independent blockchains that can be optimized for different aspects of the scalability trilemma.
This base infrastructure is called layer 0, and it is the single most important component for helping blockchains and decentralized applications achieve limitless scalability while maintaining the highest possible levels of decentralization and censorship resistance.
What is a Layer 0 Blockchain?
A layer 0 is a type of protocol that enables developers to launch multiple layer 1 blockchains that can be designed to each serve a specific purpose and cater to 1 or 2 dimensions of the scalability trilemma as opposed to all 3.
These L1 networks can also be made to communicate with each other such that the end user can have the experience of using one blockchain while they are in fact using multiple.
Layer 0 (L0) networks are equipped with software development tool kits or SDKs that allow developers to launch their own blockchains, known as Layer 1s or L1s or sidechains, that are connected to the L0 mainchain but operate independently.
Diffrences Between Layer-0 vs. layer-1 blockchains
You can see some main differences between L0 and L1 blockchains in picture below:'
I hope you enjoy this Article
please share me your opinion in comments.
Good Luck...
Price Action basics: Major trend reversal (the setup explained).Price Action basics: Major trend reversal (the setup explained).
Hello traders, today I have decided to make a small educational chart on how to trend infamous pattern major trend reversal.
A bull trend is a series of higher lows and highs, and a bear trend is a series of lower highs and lows. Trading a major trend reversal pattern is an attempt to enter at the start of a new trend, hoping that a series of trending highs and lows will follow.
Enjoy.
Trade safe,
Trader Leo,