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Scalptrading

XRP $1 🎉CONGRATULATIONS HODLERS !! To all the 💎🖐 here's to you ! Wow, what a ride. I started out with charting, uncertain about what all the technicalities mean, learnt, then I focused on fundamentals, but then questioned those fundamentals. Looking back, there are a few things I have learned during this crazy unpredictable cycle: 1) Don't trust the news "XRP is up because of this, XRP might drop because of that..." BS. My golden rule: If the reason comes AFTER the price action, it's both useless and probably bs. 2) Trust your gut Now this is a tricky one, because maybe your gut isn't as reliable. But you would know from your past experiences weather or not you have a reliable gut. If you don't, time to start exploring it. 3) Don't freak out Maybe you bought at 70c and then XRP went back to 40c... No need to sell at a loss. This is not trading advice, let me share with you what I do. I'm talking about NO LEVERAGE trading. Personally, I like to adjust my SL so that they are in profit. For example, If I bought at 80c, I'm not going to set a SL for 75c. Instead, if the price moves down, I will just patiently wait and open lower positions. This is ideal if you use DOLLAR COST AVERAGING, meaning you don't spend your entire capital on one position. So lets imagine the price now goes to 40c. Now because you still have free capital, you can continue opening multiple lower positions spread out over the range. And when XRP moves back to 80c, and then lets say 85c, you have patiently waited out your higher position that you can now sell for a profit, or set a SL within a profit margin. This style is somewhat swing trading and somewhat hodling. Note that this style DOES NOT WORK in price discovery phase. 4) Don't be afraid to BUY Considering whether or not the price is in price discovery, don't be afraid to buy. It can be intimidating to see tat the price has gone down lets say 10%,20% or even 50%. Once again, DOLLAR COST AVERAGE. Multiple positions, multiple profit ranges. 5) Have a GOAL Why are you buying? There are no wrong answers. Even "gettin rich quick" is cool. But then make sure to adjust your trading STYLE according to your goal. Once again not financial advice, but let's look at 2 scenarios: A: Say you have looked into buying coin 'x' because it's hyped and you think it may go x100. Nothing wrong. BUT this is a SWING TRADE. You cannot SCALPT that trade. In other words, you have to buy low, set a target, and sell high. You cannot, with the goal in mind, buy low, sell everything if it's just +5%, then buy again and sell again etc. That doesn't work with your GOAL. B: Say you looked into buying coin 'x' because you believe this will create generational wealth. That's great. But now the coin x5 and it's tempting to swing. NO. You have to HODL that coin. Unless you changed your mind about the fundamentals, stick to your GOAL. Constantly changing your goal and changing your style will result in CHAOS. There is no growth and no development in chaos. You can have MULTIPLE GOALS for MULTIPLE COINS. But have a plan and trade accordingly. I don't personally like the term " Day Trading". Because you will end up making trades just to make "a trade a day" and perhaps if you have waited a week, your profits are much higher. Or lower. But personally, I think trying to force a trade a day is unnecessary. FOOTNOTE I have no price target for XRP, it is extremely unpredictable and volatile. But what you can remember is that it is NOT at ATH, meaning it is NOT in price discovery. Also remember tat XRP is NOTORIOUS FOR PUMP AND DUMP. Yes maybe this time is different. But, that statement has proven to e true for a 100% of cases. So that is what you can rely on until proven otherwise. How well this range holds will be a great test for XRP. _________________________________________________________ Best Regards DYO BlockTechEv
BITSTAMP:XRPUSD
by BlockTechEv
5
macro breakout trading in accumulation/redistribution phasemacro breakout trading in accumulation/redistribution phase simply traffic light system Yellow = fast profitable/ Best risk to reward Payday Trade Green = Long/Buy or take profit Amber = Risky trading area/choppy price action/ 50/50 Red = Short/Sell or take profit ..................figures for targets are always color coded on the price scale to your right on chart............................. Trader safe, always use as stop and enjoy your bank holiday money
Long
by neeco666
2
Small Scalp for BTCUSD to DownsideI'm testing a new indicator that I was coding all night. It triggered a signal using an Extreme Opposite Stoch strategy to enter a short. There is some confluence as it appears to be a potential countertrend trade as well. If it plays out, it will be a 2.5 RR trade. It's funny as I was looking for long entries as it bounced off a key level until my signal triggered. Let's see if this script works as intended or not. Really happy to have a chance to test this on a low-risk BTC trade before I start using it on Forex pairs next week.
BITSTAMP:BTCUSDShort
by AfterlifeTrading
4
#CARDANO DAY / SWING OR SCALP TRADING IDEA #ADA $ADA #ADAUSDTPair ADAUSDT Direction Long Entry $1.223 SL $1.138 TP1 $1.281 TP2 $1.340 TP3 $1.440 TP4 ATH? What do you think or see? Please let me know in a comment, would love to see this shared or just push that like button if you agree. I would appreciate any feedback or a follow. "Advise" - Try to open your entry if the price will show it according to your OWN strategy. - Don't forget your SL - It's also important to keep an eye on #BTC at the moment *Remember: This is just an Idea, no financial advise! If you're not in cryptos for long term you're probably going to lose almost all of the money invested. Respect the market or the market will rekt you 🚀🪙 -Be fearful when others are greedy, be greedy when others are fearful. ✅ Thanks for reading #BTC #ADAUSDT #ADA CARDANO #Bitcoin
Long
by Ayari
3
BITCOIN OR ANY MARGIN TRADED COIN - HOW TO SCALP TRADE Dear Traders and Hopeaholics alike, HOW TO SCALP LIKE A PRO - NO BOTS, NO SCRIPTS, JUST UNDERSTANDING HOW THE INDICATORS CAN BE USED. As the self-proclaimed President and Founder of HOPEAHOLICS ANONYMOUS (or HA for short) , you are NOT going to laugh at this strategy... BECAUSE USING THIS... YOU... YES YOU... will be laughing all the way to the crypto bank!!! HA HA HA... I hear you... this works! And the strategy is FREE, no paid course, and simple to use! WHAT YOU NEED 9 AND 21 EMA (EXPONENTIAL MOVING AVERAGE) 100 AND 200 MA (MOVNG AVERAGE) A MARGIN/LEVERAGE TRADED ACCOUNT. PAID TRADINGVIEW PREMIUM VERSION ALLOWS YOU TO SET AN ALERT ON THE CROSSING OF 9/21 EMAs - I HIGHLY RECOMMEND AS IT WILL PAY ITSELF OFF IN NO TIME!!!!! These trades are best on 15min chart as it gives stronger confirmation on the direction. They are also best when 100/200MAs are situated above or below the wave formation. When MAs are tight to wave formation there is a high risk of entering a scalp as the direction is uncertain. Always wait for confirmation of the 15min EMA indicator cross. YOU MUST USE A STOP LOSS!!!!! Scalp trades at any time are high risk as the market direction is not confirmed in correction zones. It is a way to make DOLLARS in an uncertain market, as you can see on the chart, trades are flipped LONG and SHORT as the EMAs cross. As explained and you can see in the example it is a higher risk when MAs are crowding the waves. Be careful of over-margining/over-leveraging your trade, as the margin for any error can be affected with any wave move. FOR BEGINNERS - I recommend commencing paper trading your entries and exits to gain confidence without risking your capital to commence with, we want you to be successful and making $$$ ************************************************ When trading, always know you are in control 100% as you are pushing the buttons, and it is YOUR money/cryptocurrency you are trading. BUT let me tell you this... at HOPEAHOLICS ANONYMOUS and in my world... ANYTHING IS POSSIBLE!!! SHOOT FOR THE MOON - EVEN IF YOU MISS YOU'LL LAND AMONG THE STARS, BUT AT THIS STAGE I AGREE WITH ELON AND THINK WE ARE ALL HEADED TO MARS!!! ********************************************** If you are unsure of direction or feel you are over trading I have a moto. IF IN DOUBT SIT IT OUT! There is no shame in not being in a trade. Stick to your game plan, wait for a set up to be confirmed, and ONLY take a trade if it all aligns. So please I welcome your comments and CONSTRUCTIVE FEEDBACK - ALL HATERS WILL BE FLAGGED AND REPORTED! And remember, there is NO RIGHT OR WRONG in trading - just money management! REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!! <3 Lisa DISCLAIMER: The Legal stuff - I'm not a financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons... PS make sure you give me a like, that way you get updates as I post them.... :) <3 THE ONLY WAY TO MAKE MONEY - IS TO MAKE YOUR OWN!!!
Education
by LisaNEdwards
80
Is FILUSD Giving us a (⚠) break? Cryptopocalypse Soon Over?COINBASE:FILUSD Idk about you guys, but i'm pretty much over this dip. Last time i not set a stop loss/cover trade when a dip is coming, because yours truly overslept and woke up SICKKKK -_- However, i have been swing/scalping for the better part of this week to make some come ups on this fall, but that has nothing to do with this post lol... Anyway, It appears that Filecoin is in a triangle, and it just may be 1 more day of these lows. ( Id say more like 2 more dips below 25RSI on the 30Minute Chart, and after that second rise if conditions are right, it'll breakthrough (At least multiple of my screeners and what Im seeing in the charts. Hopefully this dip is over, and life can return to the previous gains we all know and love. Goodlucc and happy trading my fellow kings and queens. happy hunting 🤙 #TriangleBreak #Betterdayscomming #Cryptopocolypse Ps... dOnT sUe Me, TrAdInG is UnPrEdiCtAbLe, tRaDe @ yOuR oWn R!$k, aNd BlAh bLaH bLAh... PS^2: if you laughed at or read the line above in a "funny" voice you gotta follow me,like the post. or at least comment if ya did:) Or any other ideas you had, or what your expierences were during this dip, we'll share our Ls or Ws.
COINBASE:FILUSDLong
by KingCryptoMike
2