lets long to the short , or simply get humbled its ok - trading the correction to where you want to short isnt as high probability as the dominant move itself so a trader shouldnt judge his performance on the low probability as its a game of risk management at the end of the day over a long period of time
for who ever watched my analysis you will see i was expecting btc to pull back to this region and it has , lower timeframes gave me the picture of a buy - it may not work on the first attempt so manage risk accordingly
so here we have a consolidation on the daily , but at a crucial point on the monthly - remember candlesticks are economic data so your basically looking at fundamental analysis just put so simply infront of your eyes, you dont need to go read cpi reports or know the outcome of nfp - just read candlesticks. I have marked both scenarios as i dont have an ego to...
level of execution for the shorts , ill keep these on here so u can trade it down
find the range and trade the range , illl post LTF entry
Hi guys and girls, back with another range , enjoy your trading week - always show up in the morning to the session even if you havnt got a setup. This builds discipline and also watching the charts will build patience waiting for the setup. Take a moment to look at price action and understand what it is , the market your trading in - its the biggest market on...
Follow the higher timeframe direction , allow the charts to create clarity to gain a range , im trading a 3month range - both the correction and next impulsive leg to the downside , if the smaller timeframes being the daily start to shwo bearish trend structure then i will re evaluate and believe the next leg could start then but im confident in my analysis and...
price is 100% coming to this daily level , i just put a position there to show the level , i would never enter blind in hope the level will be used as support , i will react to what price action does there ,
DAILY timeframe , i will work my way down and show u the source
for me as its such a swing im waiting for a break and close above this weekly level to get HTF confirmation of more upside
just a simple textbook setup , make trading simple , wait for momentum to give u direction as after momentum is a correction ,
History repeats itself , play the downside range and be prepared at 10500
BTCUSD TO 10 k watch this space and play the range
play the range , and do ur thing IF dxy goes up , gold ? ;)
Last attempt at longs , if this gets stopped then its Going short and if daily closes around this level then definatly short
we are in a reigon to see gold push up higher , it may take a couple of attempts at the long idea and i may get stopped out but ill post each time, this is why risk managment is key , how can you loose when a setup is still valid , its just attempts , you can win a war but loose battles
Forget the fundamentals , if the technical setup is there , take it Price action is an accumulation and data of fundamental data , so why pay attention to reading the news of a project when price action gives u everything u need This setup has a high probability of happening , forget the mindset of loosing , if i loose its a win because i can always reflect on...
as a trader you should always mark potential levels, dont marry a level Mark all possibly levels that price can find footing at to market the continuation for the push of a HH or find support and create a HL , the top zone represents a small retracement which can happen after such a volatile move and the next region below is the next zone for price to fund...