BTCUSD: Want to Have a GOOD IDEA What's NEXT? Watch This
Hi Everyone! I know I've been away for a while... at least from TradingView... I cover what we are looking for to determine if the price action turns up, turns down or continues sideways... I'll explain "sideways" in the future.
Happy Trading and Stay Awesome!
David
Happy Trading and Stay Awesome!
David
Comment:
UPDATE:
The very moment you open a position, you MUST go to the Immediate Group of Time Frames again to MONITOR to make sure you do not begin seeing pressure races (in a domino effect) going AGAINST your position. You should also GENERALLY look for WIDE (expanded) B-Bands in the Immediate Group (1min. 2min. 3min. 4min. 5min. 6min. 8min. and 16min.) to determine WHERE to put your stop loss GENERALLY...
It depends on what B-Bands or Basis from the time you open your position that will determine WHICH B-BAND to place your STOP LOSS just a wee bit above or below; depending on if you are in a short or in a long...
That will be provided in detail elsewhere...
Happy Trading and Stay Awesome!
The very moment you open a position, you MUST go to the Immediate Group of Time Frames again to MONITOR to make sure you do not begin seeing pressure races (in a domino effect) going AGAINST your position. You should also GENERALLY look for WIDE (expanded) B-Bands in the Immediate Group (1min. 2min. 3min. 4min. 5min. 6min. 8min. and 16min.) to determine WHERE to put your stop loss GENERALLY...
It depends on what B-Bands or Basis from the time you open your position that will determine WHICH B-BAND to place your STOP LOSS just a wee bit above or below; depending on if you are in a short or in a long...
That will be provided in detail elsewhere...
Happy Trading and Stay Awesome!
Comment:
UPDATE:
Remember, We pay attention to other things... and judge... based upon what TYPE of trading you are doing; which determines what group of time frames you are using as your COMPASS... What OTHER things are we paying attention to? To determine when the White/Aqua UPPER or LOWER B-bands will act and/or become SUPPORT or RESISTANCE.
Remember, We pay attention to other things... and judge... based upon what TYPE of trading you are doing; which determines what group of time frames you are using as your COMPASS... What OTHER things are we paying attention to? To determine when the White/Aqua UPPER or LOWER B-bands will act and/or become SUPPORT or RESISTANCE.
Comment:
UPDATE:
Let's not forget the B-Band "BASIS." So, I edited the previous post here...
"What else should we pay attention to & judge; based on TYPE of trading you are doing; which determines what group of time frames will be your COMPASS... What else? Determine when the White/Aqua UPPER or LOWER B-bands or BASIS will act and/or become SUPPORT or RESISTANCE."
Let's not forget the B-Band "BASIS." So, I edited the previous post here...
"What else should we pay attention to & judge; based on TYPE of trading you are doing; which determines what group of time frames will be your COMPASS... What else? Determine when the White/Aqua UPPER or LOWER B-bands or BASIS will act and/or become SUPPORT or RESISTANCE."
Comment:
UPDATE:
Don't forget your UPWARD "pressure" race, okay? If the Red RSI in the 30 minute (top left corner of this Short Term Group) "closes" ABOVE Level 50, this can trigger upward pressure. That lasts for how long? Till the White Energy comes back down to level 50. The 30 minute White Energy (WE) will be in a race with the 60 minute Red RSI; to see if the Red RSI in the 60 minute can come down to Level 50 to "trigger" DOWNWARD pressure. No matter if it's a tie or clear winner, you SHOULD go to four (4) lower time frames to get a better idea if we are continue with upward or downward pressure by looking at the Levels of your Red RSI and Blue LSMA in relation to level 50.
Don't forget your UPWARD "pressure" race, okay? If the Red RSI in the 30 minute (top left corner of this Short Term Group) "closes" ABOVE Level 50, this can trigger upward pressure. That lasts for how long? Till the White Energy comes back down to level 50. The 30 minute White Energy (WE) will be in a race with the 60 minute Red RSI; to see if the Red RSI in the 60 minute can come down to Level 50 to "trigger" DOWNWARD pressure. No matter if it's a tie or clear winner, you SHOULD go to four (4) lower time frames to get a better idea if we are continue with upward or downward pressure by looking at the Levels of your Red RSI and Blue LSMA in relation to level 50.
Comment:
UPDATE:
I'm going to sleep to prepare for NEW structure... Some understand... some do not...
Good morning, good day and good night...
; )
I'm going to sleep to prepare for NEW structure... Some understand... some do not...
Good morning, good day and good night...
; )
Want to know how to add these OPEN SOURCE (public) indicators to your chart? Here you go...
Setting Up Indicators in Multi-Chart Window for Multiple Groups