Introduction to Trader Psychology There is evidence of technical analysis dating back to the 17th century. The candlestick charts most of use everyday to trade were created in the 18th century by a Japanese rice trader. By this point one would think technical analysis should result in more profitable traders and lead atleast a quarter of price technicians to a...
In this video I use the recent losing gold trade to talk about how to manage trades like a pro. You do this using 3 main principles 1)Risk small amounts of capital, 2)Don't over-trade, 3)Don't ignore counter-position price action.
“A losing trader can do little to transform himself into a winning trader. A losing trader is not going to want to transform himself. That’s the kind of thing winning traders do.” – Ed Seykota A trader friend of mine brought up the topic of “ identity ” recently. Firstly, a warning. This article is not for everyone . Quite possibly a lot of resistance is going...
Greetings, I've spent a considerable amount of time trying to find the magic formula to stay profitable, I've read books, I've heard speeches, I've talked to pros, and I've stayed profitable, BUT... I've also lost quite a bit, I tried coding my strategy to see how it would really perform without sentiments, as executed by a machine and I was really suprised, no...
Dear friends! I’m going to start a new serie of posts where I would like to show you how different technical tools work in crypto markets. The main reason for this is: some of you think that the crypto markets are unique and the standard tools of Technical Analysis don’t work properly. Based on my experience I would like to say that any tools which are used for...
one bullish candle engulf one bullish and bearish candle - body + shadow if shadow for the first two candle is same, it is a good engulf candlestick pattern
This is a sequel to our first post on risk management with trades we have actually executed and not using examples from past market data. In this chart, we show how seven trades would be executed and with said trades increase our profits while minimizing our risk. Closing our trades early protect us from any possible "flash crash" situations. You can have a 30%...
EMAs are commonly used in conjunction with other indicators to confirm significant market moves and to gauge their validity. For traders who trade intraday and fast-moving markets, the EMA is more applicable. Quite often traders use EMAs to determine a trading bias. For example, if an EMA on a daily chart shows a strong upward trend, an intraday trader’s strategy...
A quick overnight short using Bollinger Band as a support, I took a quick overnight short position on the EUR/USD 0.02% -0.03% . The idea for the trade was to look for a bearish candlestick pattern forming at the top band after a reasonably large spike. This happened at 6/6:15 UTC+1 with a Doji forming at the top of the band, in addition to this the Stochastic was...
The Double Bottom Reversal is a bullish reversal pattern typically found on bar charts, line charts, and candlestick charts. As its name implies, the pattern is made up of two consecutive troughs that are roughly equal, with a moderate peak in-between. Although there can be variations, the classic Double Bottom Reversal usually marks an intermediate or...
Hi all. I've had some PM's about the price spike we had for CTR/BTC over the last 24 hours, given that I did some analysis on this a few days back. I've recorded this vid to provide some context around what you should have been looking for! There's also some time spent on what not to do, which will hopefully be useful for newer traders. Hope it's useful. Let...
"What just happened?" Is the most common question people is asking their brokers. The answer: Nobody knows exactly. The market just crashed like in 2015, 2011 and 2010. Here is a comparison of the latest 3 flash-crashes: 18 August 2015 1 August 2011 6 May 2010 Even while past data suggests a price bounce, bear in mind that the sell-off could...
STEEM started trading on Poloniex on 18th July 2016 with a low of $0.82 and a high of $4.80 and closing at a price of $3.74. The market became bearish for 6 months from July to Jan 2017 and began to consolidate as low as $0.09 from Nov 2016 to March 2017 before a breakout on March 13th 2017 forming a partial CUP and HANDLE pattern to close at $2.40. The...
On the left side we can see the anatomy of an uptrend and downtrend line. On the right side we can see a few examples, which should help build a mental image of how they look and work, in action. Trend lines are the foundation of technical analysis. Uptrend lines are formed by higher lows and signify a bullish trend. Pullbacks don’t specifically get smaller...
Shorting bitcoin is dangerous period. But you can make a little profit on these shorts. I don't like shorting until I see a red 2 count break the low of the red 1 count, there's a lot less risk doing that VS. shorting when the low of the 9 is broken. Just depends on the level of risk you're willing to take.
At this point I'm almost inclined to say that this coin was purely created to scam people out of their bitcoin, to help Vinny earn back all the money he lost shorting bitcoin at $2,500ish. The development team, or so he wants people to believe exists, hasn't done anything development wise, there's no news on it, nothing. If the dev. team, or lack thereof, did...
Here's an example of what happens when your Stop Loss on a short is triggered, and how to look to get back into a long trade based off T D Sequential. Things can change very quickly that's why you HAVE to use a stop loss. Having your stop loss triggered isn't a bad thing, it's a good thing because you save money by losing small, you'll learn, and you can get...
I actually expect price to go higher than what I have set, but for now I'm going to stick with the math. This is all theory as of right now, but the math works over. Also, TD Sequential gives you a better entry point rather fundamental analysis does.