Sometimes the setups don't come at the right times. So what do you do? Here's a breakdown of some alternative entry strategies you can think about.
This is well beyond technical analysis - into the domain of human psychology. In this video I theorise on exploiting FOMO - which is psychological phenomenon - instead of just being a victim of it. I look briefly at Ehterium as well. An important thing for all markets is that the point of greatest fear is also the point of greatest opportunity. Please note...
This is the type of context shift we're looking for. The breakout bar shifts us from analysis mode to trade hunting....looking for lower time frame, healthy PBSR to risk off a level retest. See comment for H1 ideal entry. (These are not trades I took, I'm just building a solid study library and I suggest you do the same).
In this example I am showing how to spot a short setup and when to enter a position. As you can see BTC broke the lower trend line giving us something to keep an eye on. After the first initial candle broke the trend line you would have wanted to wait until either: 1. You had confirmation at that moment the trend was down before entering a position. Maybe some...
So many people blame the unpredictable price moves on the whales. (As if the whales aren't investors, too). In lack of better words these people are blaming the unknown for their failure to understand the market's environment. Not to mention spending hours or days over-analyzing a fake rally that is 100% going to deflate So, Dogecoin Shill, what do I do to...
The "Moving Average Convergence Model," also known as the "MACD Model," is one of the most widely used indicators for trading endeavors. It consists of two lines representing the short term and long term moving averages. The blue line represents the 12 day short term moving average or SMA for short. Likewise, the orange line represents the 26 day long term moving...
1) Create a closed system (bubble), where everyone pours in money, but few of them derive from the inflated investment attractiveness. - the price is rising. 2) You sell some virtual wrappers for candy for real money (on the exchanges themselves created).
VNQ formed a symmetrical triangle. It has two trend lines. One uptrend line is acting as support while the downtrend line is acting as resistance. This triangle contains three highs lower and three lows higher. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. The symmetrical triangle can be...
PFF formed a downtrend parallel channel. A downtrend parallel channel (bearish channel) is a continuation pattern that slopes down and is bound by an upper and lower trend line. The upper downtrend line it is called main line and marks resistance and the lower downtrend line it is called channel line and marks support. For a bearish channel, the main line extends...
The relative strength index (RSI) is a momentum indicator. It is primary used to attempt to identify overbought and oversold conditions. It is considered overbought when the RSI indictor is above 70 and it is a sign to make a short, and oversold when is below 30 and it is a sign to make a long.
The exponential moving average may indicate an uptrend or a downtrend. It is a trend indicator. A bullish signal is generated when prices move above the EMA, so make a long. A bearish signal is generated when prices move below the EMA, make a short. The EMA works very well in long trends, however, does not work well in lateral movements or short periods and in...
IBB formed a rising wedge. Both lines are uptrend. The angle of ascent is steeper on the support line. The pattern form highs higher than previous and each low is successively higher as well. After a few attempts, the prices finally break through support. To confirm the breakout, the price should close below the support line, if so, make a short. The profit...
I want to show with this example how the price in a lateral movement oscillate in ranges between supports and resistances lines. The target is the following, if the price bounces on a resistance, make a short until it reaches the support level. If it bounces on a support, make a long until it reaches the resistance. If the price breaks a resistance, make a long...
A beautiful reverse pattern in the EURUSD invites to a short trade. What are the signs for a short? perfect evening star formation CCI turns again below 100 overdue correction changing monetary policy How could a trade look like? There are several possibilities. Short-term trade: Entry immediately, SL at 1.1979 and TP at 1.1718 Medium to long-term...
I don't see anyone talking about trading books so I'd like to share a few books that I read over the years and invite you to comment below with yours. Regardless of whether you are a novice or an experienced trader every book has something to teach and it is quality time to spend off the charts.
We can clearly see the behaviour of the novice traders, who are buying after a big rally in price. 1: major resistance valid from 2003 2: price action breaching overbought bollinger-band showing sign of buying pressure coming to an end. ratio 1:4 (rounded)
Well it is finally here.. We have reached the date of the above green time cycle. This cycle marks the date of significant highs, normanly followed by a sharp break down. This cycle has remained acurate for last 3 years (we are entering 4 year) and it remain spot on. The Green time cycle shows the dates when oil stops a bull run. Even in a bear market, there...