BINANCE:LINKUSDT
Hello everyone 😃
LINK had Bearish crossover on current candle, It's early to make decision on directions.
BUT now, MACD is bearish and EMA 200 rejects movement, So Downward movement is more possible.
For now IF LINK break support lines, We can take short on a retest after confirmation !
IF LINK pulled back from current support lines, Then...
BINANCE:BTCUSDT
Hello everyone 😃
BTC Has formed Bearish triangle on 17th December and failed to handle it.
But now, There is no more BTC buying from Grayscale at the moment and Funding Is getting very positive !
🔴 MACD is being bullish on 1H timeframe but it won't last too much...
📍 As BTC is moving into triangle we won't take any side, Wait for break from...
BINANCE:BTCUSDT
Hello everyone 😃
BTC had a Bullish rejection on EMA 50, so we expect continuation until 19100$ resistance level.
Also Stochastic have a bullish crossover now, by the BTC just touched Bollinger Bands lower.
On 1H timeframe, indicators are bullish but there's two big problem !!
1st is fear and greed which can cause a crash on whole market...
BINANCE:OGNUSDT
Hello everyone😃
OGN Broke Cloud and some how take hold above it, But its not a sign of Bullish.
On daily timeframe, OGN rejected from cloud and Stochastic is touching 100 limit.
Also MACD is weak to break resistance !!
So its more possible to retest bottom...
By the way If OGN breaks cloud and resistance and take hold above them, Then its...
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Trade Identification
How many times have you "Missed" a trade. Once traders have a trading plan, they spend their time looking for set-ups. I would urge to take the next step which is Trade identification. I am not talking about clicking on a chart and seeing if your set-up is there. You want to be able to look and a chart and project what it can do and...
BACK TESTING CONT.:
Picking up from my last Educational post, Segment A...
Pip Potential (PP) is a key component for me as it allows me to statistically determine how far a trade will run. In all my trades, I want, at the very least, a 3-1 risk to reward ratio (RRR). Basically I want to make $3 for every $1 I risk. Please understand and, this is very important...
BACK TESTING:
Some traders find it helpful other do not.
Back-testing is, imho, the most critical part of trading
Back-testing the proper way, although arduous, provides incredibly valuable data. It is the Ditch digging of trading but well worth it.
I have come to embrace back testing and reviewing my trades religiously and in this day and age of automation,...
