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💥Total Market Cap last dive to $960B#TOTAL (Update) With regard to my previous idea here Total just showed us a very good confirmation by breaking the inner trendline (rising wedge support) and falling towards the outer trendline. Therefore, I expect Total to dive down to $960B before the move upward. Not a financial advice🙅🏼‍♂️ Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Happy Trading💰🥳🤗
CRYPTOCAP:TOTALShort
by PetrockFxTrading
💥Crypto Total Market cap - Pump or Dump?#CRYPTO (Update) Price got rejected at 1.176T and it’s approaching a weak trendline which can make the market dump. Also, price can pump and break 1.23T zone and continue to rise. Let’s wait and see how market will play out. In the meantime, kindly share your opinion in the comment section about what we should expect this week, a pump or dump?✍️ Not a financial advice🙅🏼‍♂️ Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Happy Trading💰🥳🤗
CRYPTOCAP:TOTAL
by PetrockFxTrading
5
💥Bitcoin last dive to $20,000#Bitcoin (Update) Here is a daily timeframe analysis with price in a rising wedge. As shown here, price is at the tip of the wedge. A breakout which can be an upward or downward breakout is needed. I expect Bitcoin to break downward for the last dive to $20,000 before the move upward to $37,000. Aside this post, Bitcoin is overall bullish. Not a financial advice🙅🏼‍♂️ Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Happy Trading💰🥳🤗
Short
by PetrockFxTrading
1
STEP 2 to MASTER TRADING: what to do with the NEWS. NEWS BRING TERRIBLE TRADING CONDITIONS During release, spread is all over the place, in addition you can easily miss the fill. So actually worst time you can enter a position is on a release itself, hoping price will rise or fall. But usually, price will make massive moves up and down, liquidating hopeful "news traders" before going in either of direction. So next time when you will regret you were not involved in the news move, just remember that you would not have a good entry point anyway. PRICE CAN GAP BELOW YOUR STOPLOSS Another really important thing to keep in mind is that very often during red news, price can momentarily and significantly gap, and now instead of your breakeven or usual -1RR, you'll have -2 or -3RR, and what's worse - you'll have a big drawdown in your emotional capital. ILLUSION OF UNDERSTANDING Sometimes beginners, and even advanced traders, fall into this illusion. Someone reads 5 articles about a specific news type, and now begins to think they understand how the news will effect the market. In reality, each trading instrument is effected by hunderds of factors, and anyone who wants to understand them, should spend months, even years with that one instrument, learning literally everything about it and what effects it. Everything else is just gambling or being naive. EFFECT HAPPENS BEFORE THE RELEASE If you've being familiar with smart money or institutional trading, ideas of Wyckoff, you'll know that institutions position themselves long time before news release, during accumulations and distributions. Market structure gets established long before actual realease, and what news do are just producement of sporadic moves, grabs of liquidity and easy manipulations. But only 0.01% of news actually change pre-established structure and starts a new trend, big picture doesn't change because of news. What actually starts a move and a trend are accumulations and distributions, and news really can be a part of it, but only a small part. SO WHAT TO DO ABOUT THE NEWS? 1. Check red news releases during your day. Don't enter 15-30 min. before and after the news. 2. If you're already in a trade, and price came relatively close to your entry, it's better to close out the position now, because remember that price can gap below your stoploss. 3. If you're positioned in profit significantly away from the price, leave the position open. So to recap everything above, you need to trade YOUR SYSTEM, YOUR EDGE - for me it's structure, SnD and confirmations - but also we need to acknoledge the short term chaotic news effect, and use our knowledge to manage risk and that's all. Hope this post give you better understanding what should you do in order to become a successful trader. I will be grateful if you support this post by smashing the BOOST button and sharing it with other traders. Thank you! Dima
BINANCE:BNBUSDEducation
by Yelli_trades
1
How to control your trading mentality 🧠Mental training helps individuals to improve their performance by preparing their emotions and mind. Focus, confidence, and motivations are important factors of mental factors. According to a study done at Brown University, it may be possible to train your brain’s automatic emotional responses. It may improve your experience in trading. To be a mentally tough trader, one should tap into his emotional and mental resources that keep his mind in check at its peak as often and consistently as possible. One may make wrong decisions when he/she is unstable emotionally and mentally. Stop 🚫 It does not matter how you good or how experienced you are in trading. If you don't see the whole picture 100%, your trading experience would end unsuccessfully. What happens when you keep hitting that stop loss and losing money? Your body starts to release cortisol, the primary stress hormone, which increases blood sugar in the bloodstream. When cortisol level is more than normal, you will have high blood pressure, will become agitated, irritated and start to sweat. You have to STOP! You will only lose more if you continue to trade. Take a breath and take a step back. When you come back, you will have a better perspective and a better picture of how to trade. Accept ✅ Every trader has their own pace of learning and trading. Don't compare yourself to others. Your friend may have started earlier and made more than you. You just have to ACCEPT! Trading is not about competition. You cannot start trading with a competing mentality. Don’t take a higher risk than you can handle. If you have only $100, just accept that you have $100. 100 is a start of a bigger number. Don’t follow social media group who claims how much they made and how easy it is. Your brain may unconsciously make competitive decisions. Make a plan 📝 You have to make a plan. You may have made a plan and failed. Let me tell you what worked for me. Like many traders, I lost in the beginning. The more you lose money while trading, the more you focus on the money not on the trading. When you focus on money, you may try to find money by different ways; borrowing, stealing and some in easy ways. To make a plan to trading, you have to see the whole picture; the risk, the situation it is creating for you, your family and finance and your future. Summary It is important to stop when you are overwhelmed and take a step back. When come back you will see how much difference it makes when you are calm and in control of your emotions and mind. Accepting that you have your own pace of learning and trading is also crucial in trading. Last but not least, to make a plan consider the risk and the situation. Be prepared and be in control of your emotions. Now you know when to stop and accept. You are ready to start your trading journey. Don't put at risk what you already built. Take it slow at your own pace.
CME:BTC1!Education
by YertuntsTrader
8
EURJPY .Wait!!!! Don't Buy for long!!! My view on EURJPY. after awhile of studying EURJPY, I noticed most SMC traders or most traders are still having a bullish bias due to the unmitigation of a supply that has not happened and price hasn't really get close to the supply In any way. most traders will agree we're bearish, but a lot will agree that we're on a short term bearish move so they're still looking for buying opportunity when price gets to a demand zone to buy into the overall supply, due to the mittigation of supply that hasn't happened. but that is totally wrong,!!!! the main purpose of price going back up or down after every break of structure is to rebalance price, which mean retracement to fill in any inefficient price action or Imbalance, and when price Is done with that it is ready to continue the trend. mitigation might come in while price get rebalanced at discount or premium pricing, but note, after price moves from discount to premium or from premium to discount, to rebalance price, and it has started a reversal without mitigation, any zone against the order flow becomes low probability, which means they're likely to be take. out. This is same on EURJPY daily TF. this mainly happened with the large TF
Short
by stefanfx12
Finding your optimal performance 🏃‍♂️Most traders spend a good bit of time looking at charts. Well here is a chart we traders should all take a look at. The chart shown is the Yerkes-Dodson Law. The Yerkes-Dodson law is a proposition that people perform best at intermediate levels of arousal, and that performance is lower at high or low levels of arousal. The theory behind this is visually represented by the graphic in this idea. No arousal levels or a bored/laidback approach to life will mean no stress but no real performance in what you are trying to achieve or do. However when arousal and stress gets too high by pushing to hard, performance starts to decrease. It's about finding the right balance to achieve an optimal performance. A certain level of stress about what you are trying to achieve motivates you to study, learn or train in order to do your best. A sportsperson has to get bumped up before an event as well as train hard, But getting to worked up and training to hard could cause a decrease in performance when it comes to the event. Pushing not hard enough to pass an exam will lead to a fail as you haven't studied or don't care, But also pushing to hard could lead to a fail as you've let stress and anxiety take over forgetting everything you studied. Moderate levels of arousal is best for overall performance. This theory can be applied to your trading. Take a non interested approach or bored approach and you performance in this area will be affected. Less potential profits etc. Get to focused on your trading or trade to hard could lead to poor performance along with a load of stress in your life. You as an individual will have to self reflect and determine where you fit on the curve in the idea graphic. If you fell more success, achievement and happiness can be had, by all means crack on and go for it! However, if you are getting to a point where you feel you might have reached your limit, it could well be time to dial it back a bit. Don’t push to hard for it that you go down the opposite side of the curve. This theory can be applied to every aspect in your life by using it to balance all aspects of your life will also help your trading as well as work, relationships and everything else we all go through day to day. Thanks for taking time to read this. Darren 🙌
Education
by pow_removetheguesswork
TRENDLINE TRADING | Advanced trading lesson Hello traders 👋 Today im sharing my trading strategy with trendlines. It's my first education post, so maybe a lot of mistakes. Please don't take it the wrong way, thank you. Let's talk about lesson What are Trend lines? Trend lines are diagonal lines that are drawn on charts in the financial markets trading. Trend lines are used to highlight , visualize , and make price action easier to analyze on different instruments and assets in the financial market. How to trade And Use Trend Lines + basic supports. 1. Wait for touch ⌛ When drawing a trendline, the first thing price is check the three times or more. If the price is not checked three times or less, can't draw trendline. 2. Draw ✏️ To draw a trend line, you must choose a time frame. I'm use always bigger than 1 hour timeframe . This is because you want to find the price action for a longer period and not just some light movement. 3. The Basics of Support and Resistance + key levels ✔️ When trading with trend lines, the concept is applied in order to maximise the chances of winning trades. 4. Looking for entry + risk management 💰 Always wait for confirm example; trend line break + price making lower low + pullback + add indicators 🤲 If you like my strategy, Please like and comments. 🤲 Thank you!
Education
by YertuntsTrader
8
ETH 2.0 Merge Upgrade Detailed and Release DataHello all traders and investors. according to go approch ETH 2.0 Merge upgrade Today i decide to explain more about that and tell you more about wahts going to happen. I try to explain as simple as possible Whithout killing time lets go... What is The Merge? The Merge represents the joining of the existing execution layer of Ethereum (the Mainnet we use today) with its new proof-of-stake consensus layer, the Beacon Chain. It eliminates the need for energy-intensive mining and instead secures the network using staked ETH. A truly exciting step in realizing the Ethereum vision – more scalability, security, and sustainability. It's important to remember that initially, the Beacon Chain shipped separately from Mainnet. Ethereum Mainnet - with all it's accounts, balances, smart contracts, and blockchain state - continues to be secured by proof-of-work, even while the Beacon Chain runs in parallel using proof-of-stake. The approaching Merge is when these two systems finally come together, and proof-of-work is replaced permanently by proof-of-stake. Merging with Mainnet Since genesis, proof-of-work has secured Mainnet. This is the Ethereum blockchain we're all used to—it contains every transaction, smart contract, and balance since it began in July 2015. Throughout Ethereum's history, developers have been hard at work preparing for an eventual transition away from proof-of-work to proof-of-stake. On December 1, 2020, the Beacon Chain was created, which has since existed as a separate blockchain to Mainnet, running in parallel. The Beacon Chain has not been processing Mainnet transactions. Instead, it has been reaching consensus on its own state by agreeing on active validators and their account balances. After extensive testing, the Beacon Chain's time to reach consensus on more is rapidly approaching. After The Merge, the Beacon Chain will be the consensus engine for all network data, including execution layer transactions and account balances. The Merge represents the official switch to using the Beacon Chain as the engine of block production. Mining will no longer be the means of producing valid blocks. Instead, the proof-of-stake validators assume this role and will be responsible for processing the validity of all transactions and proposing blocks. No history is lost. As Mainnet gets merged with the Beacon Chain, it will also merge the entire transactional history of Ethereum. You don't need to do anything. Your funds are safe. What do I need to do to get ready? You do not need to do anything to protect your funds entering The Merge. As a user or holder of ETH or any other digital asset on Ethereum, as well as non-node-operating stakers, you do not need to do anything with your funds or wallet before The Merge. Despite swapping out proof-of-work, the entire history of Ethereum since genesis remains intact and unaltered after the transition to proof-of-stake. Any funds held in your wallet before The Merge will still be accessible after The Merge. No action is required to upgrade on your part. Take away from scammers after the Merge: As we approach The Merge of Ethereum Mainnet, you should be on high alert for scams trying to take advantage of users during this transition. Do not send your ETH anywhere in an attempt to "upgrade to ETH2." There is no "ETH2" token, and there is nothing more you need to do for your funds to remain safe. Ethereum Merge Date The Ethereum merge date and transition to proof-of-stake is expected to take place on September 19, 2022. We have some Testnet examination before Merge. I list them for you below: - Goerli/Prater client releases 27th or 28th of July. - Announce 28th/29th. - Prater Bellatrix on the 8th of August - Goerli Merge on the 11th. - ACD 18th August plan mainnet Merge: - Bellatrix early september; Merge two weeks later (week of Sept 19th). and additionally i attached a Technical Analysis for ETH/USDT After we surpass 1700 Resistance , we reach 1800 now and we pass it too. now we are on road to strong 2000 resistance and after that 2400. According too incredible happenings for ETH 2.0 and the U.S. inflation record a peak i think we will see this levels in coming days. Additionally we see 3 strong candle patterns on 1800 breaked Resistance 1 - Marobuzu Candle 2 - Morning star pattern 3 - Bullish Engulfing Like i show on the chart. These patterns are showing a strong demand in this zone. Hope you enjoy this article. please share me your opinions in comments and i want for all of you a lot of profits. thanks for reading.
Education
by TraderAmin-KZ
5
5 BIG MISTAKES TRADERS MAKE!Hey traders, I've had the privilege to have been involved in trading, both retail trading and working within a prop firm for many years. The biggest benefit I get, is to work with so many different traders with so many different strategies, personalities, timeframes, assets, you name it. I've probably worked with a trader that trades it. Now, there's a few things that are extremely common in all traders, regardless of what or how they are trading. It's the same mistakes that keep making traders fail. So today, I'm going to explain what five of these mistakes are and how to avoid them. I will also discuss how to incorporate them to ensure that you don't get hit by the stone wall that many traders do. If you have any extra information to add, please do so in the comments. I look forward to hearing from you all. TRADING WITHOUT A PLAN This right here is the biggest one and this is usually for the early beginners or even strategy jumpers. You must have a plan. That is non negotiable if you ever want to see some kind of consistency in training. I can tell you from experience, both personally and with working with traders from firms, that the more in depth that plan is, the better chance of success. The same way you create a business plan before launching a new endeavor. The same way you create a game plan for your team before you go out and verse the opponent. The same way politicians plan out their PR campaigns before running for office. You must have a thorough trading plan. A plan can consist of a multitude of different things, from understanding what you're willing to lose, understanding overall position size, understanding your trading strategy, minimizing drawdowns, maximizing profits, the assets you are trading, the times you're going to be trading, how much time you actually going to be allocating to trading and setting up goals. A trading plan must be thorough, so you can not only track your progress, but when you start getting unmotivated or confused, you have something to look back on to realign you with where you are and where you want to be. My final advice with your trading plan is stick to it. You will have bad trading days. You will have bad trading weeks. You will have bad trading months. Stick to your plan. OVERTRADING We've all been there. It's the start of a trading session. We've opened two positions. They've both gone on to be fantastic winners. You're unstoppable. Nothing can possibly go wrong from this point. You have mastered the markets. You are the best trader the world has ever seen. So what do you do? You open another seven positions because it's just free money on the table. And what happens? All seven of those positions lose, wiping off your original profit and some. This is so common in beginner traders. It's that aspect of unpredictability that they forget about in the markets. Trading too much too soon is a serious issue and it needs to be worked on as soon as possible. I understand the excitement of being live in the markets, the excitement of the profits you could earn day today, but the reality of the situation is if your brand new. Trading too much is going to be a serious issue. What sitting back watching and not trading does is not only increases your patience, but also allows you to analyze the markets in a clearer state of mind, making your future decisions a whole level ahead. Add that into the plan, give yourself a maximum number of positions per day if you are new. Trust me, it's going to help you progress. FAILING TO CUT LOSSES I've spoken about this a lot, especially in one of my recent webinars. A lot of traders are taught the whole set an forget method, and I'm not a big fan of it, but in some circumstances I won't lie. Yes, it does work. But a lot of the time, these trade ideas that they're in there actually give massive warning signals prior to hitting the stop loss that they are going to do that. The trader could have cut those losses a lot shorter. Now don't even get me started on traders that don't use a stop loss. What I wanted to do really in this segment is dive into the emotional side of failing to cut a loss. It's true. I remember experiencing it early on my trading career, that feeling of when a trades going against you, but you did all the analysis, so it shouldn't be going against you. So what do you do? You hold on with hope and temptation that it will turn for the better. The reality of the situation is in very, very rarely does. It's a horrible feeling because some traders are prone to even giving those trades more room, adding to the position, moving there stop loss, removing their stop loss altogether. Everything you shouldn't be doing in the time that your analysis is going against you, most traders lean towards because they done all the research they needed to do and they cannot comprehend bring wrong. The best way to battle this feeling, if you've ever felt it or still to this day feel that urge, is going back to number one. Trading with a plan. Have a plan. Risk management plans are the greatest things ever. We can plan for the absolute worst so when it does come in and everyone's going manic everywhere, we know exactly what to do, where to be and how to position ourselves. This will help you learn to cut those losses. NOT UNDERSTANDING LEVERAGE The world changed times are changing. You can access any type of information or access pretty much any type of market you want at the click of a button by the glorious internet. Same goes with trading is probably how most of you have gotten here, or even just into trading as a whole. The thing is, we reach out to these brokers and we open accounts with small amounts of money and they offer us great deals like 300 hundred or even 500 to 1 leverage. That means with $1000 account, you can open $500,000 of currency. Now, the reality of the situation is most traders will never use all of that leverage. But as a result is that most trade is also wouldn't have experienced a no money call when opening a position, or perhaps a margin call, or a true understanding of when they put in 0.5 lots of EURUSD, what they are actually doing. Leverage is a great tool. Fantastic tool. When used correctly. Working at the firm, had so many traders reach out. They keep getting an error code. They say, "I can't open this position!? WHY!?!" and it's all because they don't have the margin requirements to actually open that position and it is alarming to see how many traders don't fully understand what leverages and margin is considering they have used it for years. When you open a position of 0.5 lots on a U.S. dollar currency pair, for example, UUSDJPY. You are opening a position size of $50,000. You have just entered a $50,000 position. That means you are actively managing $50,000 while you are in that position. Let that sink in. Now that's just a position of 0.5 lots. There is traders pit there trading 10-100 lots and it is just baffling to understand the amount of risk there actually taking in accordance to their account size. Do your research. Understand your position size and when you're doing your trading journal. Instead of doing lot sizes in your trading journal, I recommend you do actual position size, value. That will give you a much better understanding on the risk you undertake when you take positions and also if you can, lower your leverage. You don't need 500:1. BEING ABLE TO ACCEPT LOSSES Now this is a fun one and this is what I really wanted to chat about. Being able to accept losses can be one of the most damaging things a beginner trader can ever have, because what happens is they lose the value and respect that the market can take their money. Every market "guru" and every trading course out there tells you to remove emotion from the equation, accept that losses are gonna be a thing, and trade knowing that. Now most people go, "OK, let's do that." and surprisingly, they actually managed to pull it off. Which actually creates a bigger problem. They become reckless. They no longer care if there's a little bit of parameters different from their trading plan. They no longer care if there's key indicators that the trade idea is wrong because, "we're going to have losses. So what? This one might as well be one. If you're not in the market, you're not going to make money." they become reckless. Do not remove emotion from your trading. Incorporate emotion into your trading and once again this results back to the first tip. Trade. With. A. Plan. Traders, that is all for me today. These are five things that I've noticed in struggling traders which seemed to be a common recurrence. Thank you for your time. I hope you enjoy the read. As always, have a fantastic trading week. -Jordon Mellor
Education
by the5erstrading
14