ABCDE, Triangle leading by 2-wave. The "Parallel Channel" is respected wave 2 and waves 4 and parallel towards 3-wave. You have figured out that Wave 4 would normally retrace 0.618% of Wave 3.
Welcome back kinnari. By looking at your analytical skills in tradings would like to appraise you with some words which I have adopting to myself while I’m learning.
Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.
You will never find fulfillment trading the markets if you don't learn to appreciate and be satisfied with what you already have.
The best way to learn about the trading game is to play it. You can read bajillions of books, sign up for classes, and talk to a mentor for hours and hours and you still won’t be as skilled as someone who went ahead and made his first trade.
You have to jump in the pool and make your own mistakes if you want to learn about the market that you’re trading. Your experiences will not only ensure that you don’t repeat your mistakes, but it will also make you trust your own judgement over the others.
“Money is made by sitting, not trading.”
-Jesse Livermore.
This is a powerful one by Jesse Livermore. Placing a trade is straightforward and simple, but you have to do your analysis to make sure that the trade has a high success rate. Analysis and patience make up 99% of the work, placing a trade the remaining 1%.
I am deeply influenced by his words which I wanted to share with you.
Well Livermore's "sitting" made him bankrupt thrice. His a balls of steel highly leveraged trader but not necessarily the best trader.
S22gaurav
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@Nandini-03_, lovely experience shared by you. My experience is how to manage your trades either profit or loss by using technical skill that makes you a perfect trader.
Your technical analysis is going southeast this days. It's not working 🙄🙄. In your last update, you said we are going down but at the end bitcoin pump
BruceLee21M
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@Gurujebs its not possible to predict everythink buddy, and is with so much manipulation on Bitcoins price its becoming even more difficult. Thanks for the update Kinnari keep it up. You are by far one of the best traders in here. Thank you for sharing your ideas
Trade-Technique
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@BILLIONS34, Thanks for supporting me. Actually I didn't say to take a long position. Well, I will do more deep analysis for exact entry level.
RichardTran2306
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@Gurujebs, if you look again, we have the support line right there. If it ever break below that line, we might enter a short trade. It didnt even touch the line. So YOU are the one that interpret the chart wrong. Stop blaming and get a better skill.
Trade-Technique
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@Gurujebs, I didn't say about down.. I said that its was the clear picture of direction. its was long term analysis and you commenting for intraday.
Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.
You will never find fulfillment trading the markets if you don't learn to appreciate and be satisfied with what you already have.
The best way to learn about the trading game is to play it. You can read bajillions of books, sign up for classes, and talk to a mentor for hours and hours and you still won’t be as skilled as someone who went ahead and made his first trade.
You have to jump in the pool and make your own mistakes if you want to learn about the market that you’re trading. Your experiences will not only ensure that you don’t repeat your mistakes, but it will also make you trust your own judgement over the others.
“Money is made by sitting, not trading.”
-Jesse Livermore.
This is a powerful one by Jesse Livermore. Placing a trade is straightforward and simple, but you have to do your analysis to make sure that the trade has a high success rate. Analysis and patience make up 99% of the work, placing a trade the remaining 1%.
I am deeply influenced by his words which I wanted to share with you.