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Pullbacks

Trading styles. Part 2/5. Buying pullbacks.Pullbacks! This has to be the best. No bias. I did have alot of success with it which might alter my judgement. Also known as buying dips. Works well in bull markets. The basic idea is pretty simple. Plenty of strategies and experience / common sense / ability to process information (/risk management but this should not be an issue and not worth mentionning) will make the difference, but at the core it's pretty simple. Bull market identified? Buy dips. Period. Get out when the bull market is ending (It is very simple but also without any pity mistakes are devastating. Being in denial is ELIMINATORY. Better miss out or take small losses from time to time than sticking to some stupid bias and getting rekt over and over like parabolictrav). Here are a few strategies examples: * Buying a pullback to a trendline. Careful with this... Have to be intelligent here... Also some more similar examples at the end of this idea. Crypto's alts. * Buying fibonacci pullbacks. Here is a 0.618 buy I made a year ago. I posted this in a multi idea 1 year ago. 1 year and a few days now. Idea is still here. Fibonacci levels are part of my baggage but I don't use these exact numbers that much. Will talk about this in my next strategy example. But with Bitcoin oh my! This just keeps working. Look at this. BUT WAIT! IT DOESN'T STOP THERE! * Using "fibonacci" area's I just split the wave into 10 separate parts, some of them are "too hot" or "too cold". It depends on what I am trying to accomplish. Not going into details, it gets complicated, idk how to explain. This should make sense anyway. * Other, such as buying a retest of a previous resistance as support. *** Combining it all. Strategies can be worked together all 4 that I mentionned, more conditions can be added, the fundamental value of a company, or macroeconomies of a country, can be analyses and these strategies are used to get in at better prices. There are literally millions of possible strategies combining the basic stuff. And since things changes all the time there is not strategy that can be stupidly used. And also every market works differently. A simple example would be using market cycle knowledge applied to buy pullbacks when the price is bottoming / in accumulation phase. Example 1: The Turkish Lira downtrend (USDTRY uptrend) Example 2: Microsoft Exemple 3: Coca Cola Exemple 4: Bitcoin Of course I am showing good exemples that worked out to illustrate this. Sometimes it ends up in losses. Sometimes (often?) having conditions means missing out, but this also means the difference between a monkey throwing darts at a target and a smart investor. Those that cannot stick to the rules because their tender feelings got in the way "oh no I missed out a win and took a loss", are those that join the usual 90% stats. Pareto principle applied: 80% of the success will come from 20% of the trades. Works well in bull markets sure, but in accelerating bubbles OHHH MY! Let me tell you about when I had some money to spare (also had debt 3 times as big as that but that's just details) and got in crypto, before I was a trader. This is how I started and I am still doing this the most. In 2017 I would buy some cryptocurrency on Anycoindirect.nl (because the person that talked to me about crypto was Dutch) and get it a while later, because I wasn't fully verified and every thing at first I even waited several days for my first buy. Started with 100 euros and doubled up in 2 weeks or something. Never bought any Bitcoin, why would I? Alts were performing 10 times more. I don't think I got lucky. It was so clear this was about to explode. Once in a decade (at best) opportunity. I wish I knew more before, would have squeezed so much more out of this illuminati pyramid scheme. I got so close too... Had some insider info Stellar would at least *3 back in november, but was not able to buy. Stellar was a pump and dump I think. All of the crypto's tbh. There is not much to say, the base principle is very simple. And in bubble you really don't need to think. I just used coinmarketcap and paint and some crypto reseller. I moved to my first exchange between the 1rst and 5 December 2017, Binance. Because it was exploding and I wanted more. I had some foundations and success from 2017. One that I remember the most was Tron pumped and dump. Literally during the whole operation (I was not part of the P&D group I learned about it later) I bought and sold over and over plenty of times a day. Geez now if I get 3 trades a week I am happy... I was watching it, but I missed the very bottom, because of work & sleep. I sold the absolute top give or take 2-3 cents, and walked away after that. I can't zoom in on trading view any more :(
TVC:USOIL
by MrRenev
USDCAD Sell IdeaD1 - Price is moving inside multiple channels. Currently the price is trading in a critical area where two of the channels coincides. H4 - Two false breaks with bearish divergence. Wait for the price to move lower and break below the low shown in the screenshot (marked in green line). We may then look for pullbacks and sells with bearish evidences. Invalidation: If the price moves higher and breaks above the high at 1.3170 then this setup will be invalidated.
Short
by VladimirRibakov
GBPUSD: NEUTRAL OUTLOOK WITH BUYING POTENTIALSince finding support around 1.2690 the Pound has managed to retrace ~350 pips and is now sitting right below the 1.300 handle, which was formerly support now turned resistance. Depending on today's close, we might be entering into a range as the Dollar continues to give ground against the other majors. For now, I'll be watching and waiting for a signal from my system to initiate a long entry or a short if price action breaks down below the pullback trendline.
by thetradeWELL
GBPCAD Still Finding Support We last posted on the GBPCAD on March 23rd when price had pulled back to a pivot support level. 5 days on and we can see there has been little change in price. However, the positive that we can take from this is that this pivot support level is holding strong. If we look at the structure of the trend from January when priced bounced off the daily 200SMA, we can see that breather areas and pullbacks are a feature of this trend. This is why allowing a trend to establish itself is, in fact, very useful as it not only confirms a direction to the market but it also tells you want kind of trend structure you are dealing with. If it is a fast moving trend, then we enter and compound in a particular way. If it is a slow moving trend, then we enter and compound in a very different way. The GBPCAD still very much has a bullish bias to it but there are times when we apply patience and wait for price to dictate a trend continuation in the form of a breakout. This is a perfect example. We are still waiting for the March high to be broken, just as we were on last blog on March 23rd. As long as this pivot support level holds strong, and price stays above 1.8000, the chances of a breakout to the upside are very much in our favour. Patience for now. Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments! Sublime Trading
Long
by Sublime_Trading