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BTCUSD - You like volatility? Over USD10,000 worth!BTC did a major turn overnight (or day for some people). Price collapsed suddenly for the unsuspecting. But for those who were watching ATRs, the warning signs were in plan sight. Only on Friday, I was saying to a colleague (not on Tradingview)," Something ain't right. You gotta have bottle to hold on to a peak like that ." (referring to the daily trend). The person said, " I'm holding on. " No problem. I don't tell people what to do with their investments. So I'll find out on Monday or Tuesday if my mate bailed out before that >$10,000 slide. I was actually about $14,000 from the peak and I say that's a lot. But some can spin that all different ways. Getting out of a good run is not an easy thing. You also need 'bottle' to be able to say " I'm at the top. Made enough. I'm out. " Why is it so hard? It's the thing that's hardly spoken about but which is the most important in trading. What's that? It's called ' individual psychology. ' That's about two main hidden enemies that bends minds. They're called ' greed ' and ' hope '. Few self-respecting traders will admit to another person, that they were greedy before bailing out. After losses it's easier to hold hands up and say, " Jeez.. I was too greedy. I should have bailed out. " Why is it so hard to spot the devious work of 'the enemies within' before bad stuff happens? Think about it and share your experiences if you want. Of course, some who got this far are wondering if I'm going to do a prediction - which is what 90% of trading models are about. I've said so many times before, that in trend-following " There is no need to predict anything! Because 'you're allowing the market to take you to it's destination and the market tells you when you're out. " Some will see the ATR switch on the 1H chart. It's two things: a) indication of probability to get out, if 'in the money' b) time to consider shorting with a decent stop loss. Where and for how long will the 1H trend survive? How would I know? I let the market tell me. It might end tonight. I don't care. But now is not really a great time to short. The key opportunity to bailout or short was around 05:00 GMT on 17th April 2021. Those who are still in the in the money and hadn't set a stop-loss are scratching their heads, with self-talk such as, " Should I get out now. Nah.. It'll probably shoot to $75,000 next week. " I call that guess work. I'm only showing the dilemma. If it goes to $75,000 next week, those folk will be punching the air. If it falls to $30,000 there will be a deafening silence from that lot. Just to be 100% clear. I am totally happy for BTC to go to $100,000 or more. I don't care where it goes. I care where a suitable trend is going. Some want to understand the probable 'fundamental under-pinnings' of the sudden price collapse. Well that's in the news: stuff about Turkey and India. But people who focus on that are missing far bigger probabilities. Note I didn't say 'predictions'. Bitcoin is likely to come under 'attack' from many nations over the next few months for similar reasons cited by Turkey and India. It doesn't matter if those reasons make sense to you. What's important is, " Who has the power ." Of course, what some will do is dismiss that Nations have the power to crush bitcoin - until it happens. I've said before that BTC is heading into a similar situation before Gold was banned for a while (many moons ago - you may have reading to do). That usually brings out a bunch of folk saying, " Gold and bitcoin can never be banned! " Never? Never say never! Bitcoin has become a conspicuous challenge to fiat currency. I'm sorry, I can't believe that Govts around the world are gonna allow that go grow and continue indefinitely. If you were Jay Powell, I don't think you'd like it. But I could be wrong. As I always say, " What you don't know is more important. " Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
BITFINEX:BTCUSD
by Captain_Walker
8
Aiming for a loss!Loss? Nobody wants to hear about that. Right? Am I saying this position is going to make money? Nope. I said it is an opportunity for a loss. It's a thing called a stop loss. Why would I go there? Price is close to the 1D ATR line. If it goes south, I won't know how far. If it goes north, I control how much it'll take. The best way to secure zero losses of money, is to not trade at all. 🙄😉 Disclaimers : Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
WHSELFINVEST:USTECH100CFD
by Captain_Walker
Most common mistakes in tradingHello my friends today i want to talk with you about most common mistakes in trading from my experience (any market but specially in crypto) And after reading this i hope you will avoid them 1- Not Patient Enough : I think this is one of top major reasons for failure in cryptomarket Most newbies in this Field are thinking they will be rich in few days thats completely wrong ...Any old trader here will tell you how the patience will paid off 2- More Than You Can Afford To Lose : only risk what you can afford to lose ... more than that will lead to alot of mistakes and you may close your position after any small drop before reaching stoploss point and thats wrong my friends 3- Not Using Stoploss : Stoploss is important but i recommend manual stoploss by candles closing not automatic one to avoid manipulation in market.. if you dont know difference between manual and automatic read my previous idea about it 4- Over Trading : Alot of trades every day wont make more money ...instead, it will make you more stressful and staring at charts all day resulting in more mistakes 👉Fewer in numbers and higher in quality trades per week or even month are enough sometimes best thing you can do is not trading at all when market is uncertain 5- Emotional Trading : Both fear and greed play big role in the market movement When you see most of people are greedy you should start taking profits partially ..and also try to avoid selling during panic sells 6- Revenge Trading : Like using all wallet to buy one coin (all in) or doing high leverage postion to recover losses fast usually end in liqudation or big lose and leaving market completely This market need you to be flexible 7- Ignoring Your First Plan alot of very good plans and managements from start but you continusoly change it by listening to other random people opinions trust in your self and trust in chart no problem from taking advices from more experience people but you should trust in yourself first by have your own view and own plan How many mistakes you find yourself doing it ...choose the number from above and tell us in comments
Education
by Babenski
43
Candle in the wind?Sometimes a single candle can make a difference. How? It could trigger a trend change. This is not a prediction. It is vigilance for a trend change. Single candles on any time frame often fail. Position is everything (well not exactly). Some say it's luck. I say it is a chance to see how wrong I am. Acceptance of being wrong for a controlled loss is the business. If one cannot afford to lose in this business, then winning is practically impossible. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
WHSELFINVEST:GERMANY40CFD
by Captain_Walker
IS GOLD BACK?Gold just did an important trend switch on the 2H time frame coming off what appears to be a double bottom at 1680. The switch is better seen on 15 min to 30 min time frames. Normally the first pulse which this might be is followed by a minor correction before further movement in direction fo the switch. But strange things do happen. This is a trend following situation, which means you get no targets, stop-losses or predictions. Why? Because nobody knows where how far a trend might go. I provide no other figures because this is not advice. If going long on Gold a safer situation will be in a 15 to 30 min trend. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
OANDA:XAUUSD
by Captain_Walker
2
Go Go BNB! 🔥I did this charting on 4H time-frame, Let's look at it.. Binance Coin was ranging in nice triangle for about a month, now it breaks it upwards. It's time for a little pull back to test it's lower support level above the triangle.. This is good opportunity for us to step in and buy some BNB. I did this analysis buy combining Triangle classic pattern and Fibonacci Levels: Buy position: 260 - 270 Target 1: 390 - 410 Target 2: 468 - 484 Stop-Loss: 213 What is your point of view or analysis on BNB, I like you to share it in the comment section for me, so we can share our knowledge together. And, As always feel free to ask any question about this chart in comment section, I will happily answer you :) If you like this idea, hitting like button, sharing it to the ones who will find it useful and giving me comment will give me a lot of motivation :)
Long
by ArshiaZojaji
8
What price to take profits? DOGE COIN & Price action (ĐOGECOIN)Perhaps the dollar is in accumulation from the last month. We have four times Doge test the trend line and proves to be a very strong support line. We can see price react very strongly to take profit at 0.382. But in my opinion on this 3rd test it will fail and head towards the target of the 0.5 zone. Be careful at 0.618 zone, this strongest resistance, we should be take profit 50% if the price reacts strongly in this area. Entry: < 0.06$ Stoploss: 0.0535$ Take profits: 0.0696$ and 0.0762$ and 0.0855$ and more..
Long
by BMynameX
2
Is the DAX burning down?This is a 15 min time frame, trend following set up. Price action looks uncertain and nosing slightly south. As a trend follower, you know that you have to give the market much room to oscillate. Trend is more important than price. Nothing in this set up means that I know the trend will continue south. All I can do is take an affordable loss. Hence, you find no predictions here. Why? Because I'm not predicting. I'm following. New traders need to be very careful in these set ups. Expect a loss. Control it. Make it affordable. I always talk about losses - that thing that lots of traders don't want to hear about. If the trend continues south, I can't know how far it will go. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
WHSELFINVEST:GERMANY40CFDShort
by Captain_Walker
DOT Ready To Fly? 💸DOT is reaching to end of it's ascending pattern.. Markets parameters show me bullish move for crypto.. So I suggest to bye some DOT at "Buy position 1" and wait for the break-out.. If it happened add some more to your bag.. There are two possible targets for this bullish break-out. First, the important resistance around 42 as you can see on the chart. If this resistance is broken DOT can move to the second target, the green box around 50-52.. --- Don't forget to put your stop-loss at 30.5-30.6 --- Let's hop in together and enjoy the ride.. I like to see your ideas about DOT/USDT or DOT/BTC, So leave it in comment section..
Long
by ArshiaZojaji
11
How to set the RIGHT Stop loss!Hey hey traders!! Setting the "right" stop loss is a vital skill, yet for many traders... its a random act. This video will help you find stcutrue in setting the right stop loss, a stop loss that has the best chance of not being hit and allowing your trade to workout! For us that comes down to basics: 1. Use the ATR value 2. Enter only via the fibs (definite entry) and by following this process we have achieved great things so far, even increased our win ration by a solid 12% in February (since we added it) If you have questions, feel free to ask! All the best and good luck trading!
Education
by PrimedGroup
DJI: Kill zone ahead - scary stuff! It's a kill zone. But note carefully there are losses here. You can't win in this business unless you're prepared to lose! I would welcome arguments on that one. The chart shows that the rebellion of price looks powerful but on the squeeze momentum assessment it isn't that powerful. Price movements tend to scare new traders. Well, okay - if you can't take the loss stay out. In this position I cannot predict that price will fall nor can I predict that price will bust up and through the kill zone. All I can do is take a loss - an affordable one. There is a natural bias for winning positions. Hence seemingly unlikely positions tend not to be shown. When price moves north it is natural to think it will continue moving north. But what if the trend picture is showing probability for the south at the same time. Scary stuff! Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FOREXCOM:US30Short
by Captain_Walker
CHALLENGE: AUDJPY - PLACE YOUR BETSAhoy! There is money to be made and lost here! 🤦‍♂️😂 I'm short with with an affordable loss. Others may wish to go long with an affordable loss. It's not about how right you are but how much you limit your loss if you're wrong. This is a nice one for new traders to experiment with on a paper trading account. 👊 Trading is a strange activity i.e. you can't make money unless you're prepared to lose. 😟 Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
by Captain_Walker