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How To Trade The Range With BitcoinHello friends, the price of Bitcoin (BTCUSD) is recently making lower highs and we might see a bigger correction incoming. Please use the highlighted Demand & Supply Zone as well as the Key Level & Support for possible exits or entries. While the price is moving in a range, we have to keep one simple rule in mind Don't take long positions if the price is above the Key Zone of the Range Don't take short positions if the price is below the Key Zone of the Range Everything else will mess up your Risk/Reward ratio. And as always - i want you to be careful with your money :-) We can see retracements during an uptrend (use resistance lines) as well as during a downtrend (use support lines). Drawing lines can improve your exits and entries massively. We might see the price moving towards our Demand Zone within the next hours and days. If the buyers are exhausted at this point, the price will move further towards our next support zone. Please make sure to place your buy orders beforehand, so you can catch a (likely) bounce scenario. Let me know what you think about this idea! cheers, Ares
BITSTAMP:BTCUSD
by Anton_XBT
5
[Risk Management trick] Tilting the "Math" in your favor!We all try to find the strategies which offer best possible win probabilities. Yet, we often overlook another crucial component of increasing your odds of winning => risk management. Today, I am going to show you how you can use a simple risk management trick to tilt the "Math" in your favor. Would you like to increase the output of your strategy by 25% without doing anything extra? Imagine a 3R win suddenly increasing to 3.75R with no change in the strategy at all. Consider this trade... We are trying to setup a sell trade with a very defined -1R risk and +3R profit. If we were to loose this trade, we will loose 1% of our capital - and if we win, we will make 3% in return (3RR). Here, we assumed that we'll exit the trade when price moves -1R completely against us. What if, we pivot our thinking and assume the trade is lost when price has moved -0.8R : because if the trade goes that much against you, there's a very high probability that it'll hit your stop loss too. There is no reason to pretend that it can still turn around at the last moment. Murphy's law truly applies here - "Anything that can go wrong will go wrong". If we do really pivot our thinking, lets see how it works in our favor! The Stop loss is now updated and set at -0.8R So a win will still give us the same 3%, but the loss will only wipe out -0.8% from our account. Now because our profit targets are still setup as per the original 1% trade, you can now see that we now get this extra reward if our trade hits its original 3R target The moment we draw 3R as per our new -0.8R stop loss, we get this - You can see how the 3R with -0.8R stop loss is achieved much before than the 3R with -1R stop loss (obviously)! That means, the extra reward you got when the trade reached your original 3R - is additional profit which you now have - without ever changing your trading strategy! 3/0.8 = 0.75 (which is 25% of your original 3R target) 0.75/3 = 25% You now have extra an 25% reward for free! New RR = 3.75 This is a very beautiful math equation for yet another reason! Imagine you lost your trade with a -0.8R => the additional 0.75R you will achieve (for free) from another trade will extremely quickly cover up anything you lost. As you can see, we can really use sound risk management techniques & Math to our benefit. This is called : Tilting the "Math" in your favor!
Education
by makuchaku
155
XRP / BTC Genius .... on a global scale.How to make sure that the events in the USA (usd) and the "attacks on USDT" bypassed you? That's right, by pouring FUD (good / bad) into the brains of average market participants, make two highly liquid instruments opposite in correlation. Who does not understand, the channel pitch itself (green zone) can keep about 30% as much as necessary. Trade part of the position in it increasing BTC, keep the other part of the position in case of a pump (working out the goals of the cup). Also note that a symmetrical triangle is currently forming near the resistance zone of this accumulation channel. They can deploy it now. Work on the trading situation, not your desires. Pay attention to dates and levels. It is very important. Past XRP ideas including USD are attached below the description.
by SpartaBTC
13
How To Trade A Trend Instead Of Catching A Falling KniveHello friends, it seems like many successful traders fail to determine a proper entry for either a short or a long position. Please use the tips on the chart to avoid further losses by trying to catch a falling knive. The price of Gold (XAUUSD) made a breakout of a bull-flag/ ascending channel on the daily. The price action we currently see might be a re-test of the trendline (as per many idea here on tradingview). But this could also be a simple fakeout, followed by a mid-term trend change (on the daily in this case). Nontheless - read the chart and forget any previous predicition you had. Try to rely only on numbers, indicators and a trend. This will save you A LOT OF CASH! :-) Trust me cheers, Ares
TVC:GOLDShort
by Anton_XBT
2
Types of Forex currency pairsCurrency pairs - two currencies between which trade transactions are carried out on the market. The relationship of currencies in a pair depends on the rate. So, the base currency is the one that is bought or sold. In the designation of a currency pair, the base currency is always indicated first. Quote currency - the way in which the price of the base currency is expressed. In the designation of a currency pair, the quoted currency is always indicated as the second one. Currency pairs are divided into groups according to profitability and volatility. Roughly speaking - by popularity. Majors . Currency pairs in which the US dollar participates, and the second currency is the national currency of highly developed countries. Cross-courses. Currency pairs in which the ratio of currencies is determined by their rate in relation to a third currency (usually the same - the dollar). Exotic. Currency pairs in which the dollar (or euro) and national currencies of developing countries are related. Exotic pairs are among the most difficult to trade as they have low liquidity. The volume of transactions for these pairs is relatively small. Beginners are not advised to work with them. ------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Education
by DeGRAM
10
US30 SIGNAL (SELL after rejection on monthly trendline)TOPDOWN ANALYSIS: Shows Monthly uptrend INTO a BEARISH FLAG PATTERN ACTION PLAN: 1.) Wait for price to show a break above previous high, then consolidate between monthly bearish flag trend line and show at least one 4h long wick rejection = enter a sell 2.)As soon as market hits a 1:1 risk reward = move stop-loss to breakeven as we might see a consolidation and then a huge move lower (capital preservation is key) MAGIC IF: 1.)If market does not show rejection for a short position, look for a bearish engulfing candle on a higher time frame (30min, 1h, 4h) and then enter 2.)If market does not consolidate (in anticipation for the next big move) and then push lower, expect a large bullish movement upwards and then a strong exhaustion and retracement Reasons/ Confluences: .Clear strong uptrend exhaustion = bearish flag on the Monthly timeframe .Price has shown strong bullish move therefore the next must be a retracement or consolidation (because the market always moves in HH, LL and LL LH) .Price is hitting strong Monthly and 4h resistance area TIPS: .Stocks are known for whiplash and false breakouts - therefore only take a trade when clear signs indicate an opportunity (in this case a break and retest and possible long wick rejection) .us30 is known for its volatility, therefore take caution with this pair = do not overleverage/ risk what you cant afford to loose ....................... !!! DONT FORGET TO LIKE AND SUBSCRIBE TO OUR CHANNEL FOR MORE FREE SIGNALS AND TURORIALS !!! ............................
UShort
by MT-Team
2
XAU/USD SIGNAL (SHORT-TERM BUY)TOPDOWN ANALYSIS: Shows Monthly downtrend = strong bearish signal, and shows a December uptrend = short-term bullish signal ACTION PLAN: 1.) Wait for price to show its true course - with long momentum candles (because holidays can cause consolidation/ pauses in the market) = before making a decision MAGIC IF: 1.)If market trends upward with large momentum candles, wait for a pullback to monthly bearish trendline and wait for market to show strong wick rejections before entering a buy 2.)if price turns bearish - wait for the consolidation at the December trendline (which is another bullish opportunity - if there are enough wick rejections) Reasons/ Confluences: .Market is creating recent HH & HL (which shows price wanting to break previous resistance levels) .RSI Indicator not yet above the 80 (showing bullish Divergence) .Fundamental news showing bullish - as we get closer to containing the pandemic (vaccines e.t.c) TIPS: .wait for momentum candles toward our direction, then a pullback (with rejection wicks)- before taking an entry .Never enter a trade hastily (there will always be more opportunities) ....................... !!! DONT FORGET TO LIKE AND SUBSCRIBE TO OUR CHANNEL FOR MORE FREE SIGNALS AND TURORIALS !!! ............................
TVC:GOLDLong
by MT-Team
Trend following - a different way.As folk who follow my posts know, I don't keep any secrets. I explain some of my methodology in this chart. It is bespoke. To be 100% clear, this will not work 'for you'. No methodology works 'for you'. You work the methodology through experience to create your advantages. I'm not saying that people should change to this way. I do not interfere at all with what traders want to do in their favoured methodology. There is no one road to the promised land. Controlling loss is the highest priority. The markets are there to 'eat you alive'. Price action is an important part of all this. As well, it is important to understand your particular market and learn its ways. Oh yes - with time you can come to figure out certain probabilities that may not be shown in the 'technicals'. What you see in this chart can be done on any time frame from 3 min to 1-day. I can't explain everything in one chart. I've done videos on this before. Note carefully: I do not sell anything. I do not do trainings or take anybody's money. I do not sign up to any services. I do not provide evidence of winnings or losses. 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:US30Education
by Captain_Walker
EDUCATION: Fibonacci Extensions Hello, dear subscribers! The topic of this article is Fibonacci Extensions. What is Fibonacci Extensions? This indicator demonstrates the hidden potential resistance levels for the uptrend and support levels for the downtrend. Here is as example of the uptrend Fib Extensions. Let's make a reservation right away that the Fibonacci Extensions is not the same as Fibonacci Retracement. The second one is usually used for the pullback levels definition after a huge dump, but not for the potential targets of the uptrend. How to define the Fibonacci Extensions? For the levels definition we should find the lowest (point A) and highest (point B) points of the last global swing. After that we should define the lowest point of current swing and the beginnig of the uptrend (point C). The extensions are defined with the Fibonacci numbers and the corresponding levels are 23%, 38%, 50%, 61%, 78%, 100% and 161%. This levels are calculated automatically in the TradingView. How to use Fibonacci levels? As you can see on the chart these levels are usually associated with the difficulties for the price to break it through. These are resistance levels and if some of these levels is broken by the price it is likely to see the next Fib level. For example, now the BTC price is testing the 161% Fib level and if it break this level confidently the next price target could corresponds to the next Fib extensions level.
Education
by Skyrexio
2
EDUCATION: Ichimoku - Part 2Today we continue to study Ichimoku Indicator trading strategies. Last time we analysed in details the conversion, base and lagging span lines. In this article we apply Kumo cloud which is formed by Leading Spans A and B. The formulas for the calculation you can see on the chart. The Strategy Before considering the strategy we should understand that the Kumo cloud is projected forward for 26 periods. The simpliest version of the Ichimoku strategy employs just the Kumo cloud. We just should define the point where the Lagging Span A crossed the Span B from down to up and execute the long position. It is also recommended to define the long positions entry points more strictly. The price should be above the Kumo cloud and the conversion line should cross the base line from down to up near the Span A and Span B crossover. When to exit? You can exit long positions with three possible ways on your own preferences: 1)When the price crossed the Kumo 2)When the Span A crossed the Span B from up to down 3)When the conversion line crossed the base line from up to down You should test it by yourself.
Education
by Skyrexio
EDUCATION: MACDHello, dear subscribers! Today we will examine another one lagging indicator - MACD. It is very useful indicator but you need to use it carefully because usually it is just adds other indicators and can to generate a lot of fake signals. What is MACD? MACD consists of: 1)MACD (blue) = EMA(12) - EMA(26) 2)Signal (red) = EMA(9) 3)Histogram = MACD - Signal The MACD line is the long EMA value substracted from fast EMA value. It shows the trend direction. If the MACD>0 the market is bullish, if MACD<0 - bearish. The difference between MACD and Signal line is the proxy of trend strength. How to trade with MACD? The classical approach to MACD is to search the MACD and Signal line crossovers: when the MACD crossed the signal line from down to up it is the bullish signal, in opposite case - bearish. The MACD and zero line crossover means the trend confirmation. But this approach is not good enough to make profit. As you can see on the chart it can generate fake signals or signals which are too late - the price have already grown. If you want to use only MACD, please, find really strong signals. For example, if the price demonstrated higher low and MACD - lower low, it is the hidden bullish divergence. With the further MACD and signal lines crossover it gave a really nice long signal. Summary 1)Find the price/MACD divergence 2)Wait for the MACD and signal line crossover 3)Enter an appropriate position 4)Be careful about weak signals 5)Use MACD with other indicators as an addition confirmation sign
Education
by Skyrexio
PPT / BTC I have been trading this crypto coin for 1 year.Working on a pair PPT / BTC for 1 year a) PPT / BTC 24 09 2019 + 66% + 38% (102%) b) PPT / BTC 6 11 2019 + 64% + 22% + 37% (+ 73%) c) PPT / BTC 14 01 2020 + 85% + 44% (+ 85%) d) PPT / BTC 26 05 2020 + 43% + 140% (+ 140%) + 60% e) PPT / BTC 17 10 2020 (in progress, this learning / trading idea). All trading ideas (4) for this work were published on this site and are freely available. Anyone can easily check the real work. Every local trend and important price movement was accompanied by updates in the trading idea. It is worth noting that due to the low liquidity of this pair, the real profit from 100% of the movement is less than 50%, because the work is averaging due to liquidity. Real profit from 100% becomes in the region of 30-50%, depending on a certain price movement. Unfortunately, there is no other way. Many do not understand this. Falling wedge. The price broke through the support with which local pumping started constantly for 1 year. Potential points (zones) of entry into the market are shown on the price chart. The downtrend line of the small trend (purple). If the price overcomes it, it is a potential entry point (there is a risk). If the price breaks the downward trend line (red), this can serve as a reversal zone for the secondary, and then the main trend.
P
by SpartaBTC
9
EDUCATION: Commodity Channel Index (CCI)Hello, dear subscribers! Today's topic is the Commodity Channel Index (CCI). To be honest, in sole use it is almost useless indicator but a lot of profitable strategies and indicators contain it, this is the reason we need to understand how does it work. Definition The CCI formula demonstrated on the chart. To make it clear it is the some math manipulation with the typical price momentum, the same as in momentum oscillators calculation, but here we have unbounded value. The CCI value higher than 100 associated with asset overbought condition, lower than -100 - oversold. It measures the strength of the trend, but usually this information is not actual. How to trade with CCI? According to fact that CCI is lagged indicator we are not recommended you to trade with it in sole use, because it generates a lot of fake signals or does it when it's too late. We can give you some signals which help you to build the complex strategy. When the CCI in overbought zone it can be the evidence of future price drop, in opposite case - the price increase. You can see on the chart the potential short and long exit and entry points, but keep in mind that there are a lot of cases when this analysis is invalid. Summary 1)Don't use CCI as sole indicator 2)The main feature of this indicator is overbought and oversold conditions. When the other indicator demonstrates the potential price movement direction you can use CCI as confirmation.
Education
by Skyrexio
1
EDUCATION: Williams Alligator IndicatorHello, dear subscribers! Today's topic is Williams Alligator (WA) Indicator, which is very important and efficient trading tool at any timeframe. Definition WA consists of three lines: Jaw = Moving average with length 13 and offset 8 Teeth = Moving average with length 8 and offset 5 Lips = Moving average with length 5 and offset 3 But you can choose your own settings. This indicator usually use for trend confirmation and works perfect with other indicators, which will be examined in next topics. How to trade with Williams Alligator? Alligator has 2 states: slleping and feeding time. The yellow areas demonstrate the sleeping time, when the lines are intertwined. During this period is not recommended to trade. When the lips start rapidly move down it means the downtrend start. After this the jaw starts open and the feeding time confirmed. When the red candle closed lower than all three MA lines, this is the perfect moment to entry short position. The exit condition is the crossover the lips and teeth lined, but you can do it earlier - when the price broke up the lips or teeth lines. For the long position the opposite is true, the lips line have to rapidly move up and be above other MA lines. Summary 1)Define the alligator sleeping time 2)Find the moment when lips line starts to move down and below other lines for short and move up and above for long 3)Wait the candle close below/above all three lines for short/long and entry position 4)Exit the position when the lips line crossed the teeth line This indicator is also has not perfect performance in sole use, but with other indicators it can bring a great profit. We will talk about it next time.
Education
by Skyrexio
2
BJTM 13%+ INDONESIA STOCKS EXCHANGEWE KNOW THAT DOW THEORY IS PRIMARY SECONDARY AND PRIMARY AGAIN THE MARKET ALREADY SECONDARY REACTION AND NOW BJTM IS MAKING A BASE, A BASE IS LIKE A CAGE WHICH THE PRICE TRAP INSIDE THE CAGE, WE HAVE TO WAIT THE CONFIRMATION OF THE BREAKOUT OF THE CAGE, IF BREAKOUT THAN THE PRICE WILL RALLY MAKING HIS PRIMARY REACTION AGAIN, THE TARGET PRICE AREA WILL BE 750 - 770 AND WHY A GREEN LINE AT 720? WHY THE TARGET PRICCE 750 - 770? THE REASON IS SIMPLE, THE GREEN LINE PRICE PROFIT AREA IS BY USING FIBONACCI PRICE PROJECTION (AB = CD) AND IT STOP AT 720, SO IS THE GAP AREA, WE CAN SEE 750 - 770 IS AN OPEN AND CLOSING GAP AREA WHICH CLUSTER TO FIBONACCI AB = CD STOPLOSS AREA 630 WHY? BECAUSE IF WE BUY AT BREAK OUT AREA, AND THE PRICE ISNT CAPABLE TO RISE, AND DROP TO THE BASE (CAGE) AGAIN AND ALSO BREK THE BOTTOM OF THE BASE WE CAN ASSUME THAT SUPPLY IS MUCH HIGHER THAN THE DEMAND DISCLAIMER ON!
IDX:BJTMLong
by RupinGoh
EDUCATION: Volume-Weighted Average Price Hello, dear subscribers! The next topic is the Volume-Weighted Average Price (VWAP) indicator. The vo;ume based indicators are very significant for full price movement analysis. Definition The VWAP is a measurement of ratio of value traded to total volume traded for the particular time period. The calculation formula is represented on the chart. This indicator helps to know whether the market is bullish (price above the VWAP) or bearish (below the VWAP) now. How to trade with VWAP? The classic approach to VWAP is the execution long position when the price clearly broke up over the VWAP, the short position - if the opposite is true. The 15 min timeframe is usually used but you can use shorter timeframes, but not longer. The VWAP is not good for the sole use because it generates a lot of fake signals, which need to be filtered with the another indicators. The particular strategy we will examine later. Summary 1)Set 15 min or shorter timeframe 2)Long when price broke up the VWAP 3)Short when the price broke down the VWAP 4)Use another indicator for entry point confirmation
Education
by Skyrexio
2
EDUCATION: Pivot LevelsHello, dear subscribers! Today we are going to talk about one of the most useful indicators in cryptotrading - pivot levels(points). We have already considered the lagging and leading indicators and decided that the second one is the most valuable. Definition Pivot levels is the leading indicator which define the potential pivot levels for the next trading period (in our example - month). The formulas for the levels calculation you can see on the picture. It is known that when the price is up of the central pivot - the market is in the uptrend, if the opposite - in the downtrend. How to trade with pivot levels It is great to use pivot level with some lagging indicator to confirm the entry points. This indicator can give the information about levels when the price can bounce off or reverse. You can see the points with small red arrows where the price bounced off pivot levels and went down after it - this points can be used for the short position. The green arrows demonstrate the potential price growth points. But there are also a lot of breakpoints (blue circles), to avoid the trade execution next to these point you need to use some confirmation with lagging indicator. Summary 1)Define the trend direction 2)Open short if downtrend, long - if uptrend 3)Define the entry points next to pivots 4)Find the confirmation with some lagging indicator to avoid the pivot break points 5)Execute the trade, set the sloploss level Good luck!
Education
by Skyrexio
IDX PGAS : ELLIOTT WAVE ANALYSIS EXPLANATION AND HOW TO USE IT.ELLIOTT WAVE HAVE 5 WAVE BEFORE DO HIS CORRECTIVE WAVE, PGAS CURRENTLY IN WAVE 3 TO 4 ELLIOTT WAVE, WAVE 1 - 2 ALREADY VALID @0.618 ELLIOT WAVE, WAVE 2-3 VALID 1.618 WE HAVE TO WAIT THE SECONDARY REACTION OF WAVE 3 - 4 @0.382 AND WE CAN ENTER AT THAT POINT WITH BULLISH HARAMI CANDLESTICK (THE INSIDE BAR) OR HAMMER, ENGULFING WHATEVER IT IS FOR THE ENTRY AND WAVE 4 - 5 LENGTH HAVE TO BE SAME WITH WAVE 1 - 2 (AB = CD) WE CAN MEASURE WITH FIBONACCI EXTENSION (HARMONIC PRICE PROJECTION) FROM WAVE 0 = A - WAVE 1 = B , AND THE WAVE 4 = C WE CAN SEE THE PRICE WILL STOP AT 2185 AFTER REACHING THAT POINT SHOULD BE A CORRECTIVE WAVE THIS IS A TUTORIAL OR A SIMPLE WAY TO KNOW OR USE ELLIOTT WAVE NO POINT OF ENTRY! JUST A LESSON FOR WAVE ANALYSIS
IDX:PGAS
by RupinGoh
EDUCATION: Double Bottom PatternHello, dear subscribers! Today we discuss a very important special case of support line - the Double Bottom chart pattern. Definition The double bottom usually occurs when price is in the downtrend and bounced off some level (First bottom). After this bounce it seems that the price is going to fall down, but bounces off this level again (Second bottom). If the price reached the neck line (purple line), the probability of the trend reverse is high. How to trade with double bottom? You need to specify that price now is in downtrend. After the double bottom is formed, you can wait the price and neck line crossover and enter a long position with some stoploss to eliminate the possible downtrend continuation. Be careful to sole use this pattern, in case of trend reverse it is also confirmed by technical indicators, which we will examine in next posts. Summary 1)To wait the full double bottom pattern formed 2)To entry a position on the price and neckline crossover 3)To take a stoploss for the downtrend continuation
Education
by Skyrexio
1