You can find many websites, even free books of Elliot Waves Theory. But if you read it by on eye, can understand its kind of shamanistic predictions. law of the universe - from small to big, law of complication and development. To build waves, should start from max. minimum time frame -1 min. than 1 min group in 5-15 min, than to 30 min, 30 min group to 1 hour,...
Trading Bitcoin in the new Realities of 'Mainstream'
When Reality Bites - How to Deal with it Dispassionately - or Miss up to 50% of all opportunities...trading for Adults in a grown-up world
For those who like pattern spotting there have been three or four very good sell points off the Coinbase chart. Maybe 80%
of the few people who read this will have Bull hats...
For example you have 100.000 Total Capital
You can spend for One Trade: Only 10% of your Free Capital
Your Total Capital: 100.000
First Trade: 10.000
After 1st Trade your Free Capital: 90.000
Second Trade: 9.000
After 2nd Trade your Free Capital: 81.000
Third Trade: 8.100
After 3rd Trade your Free Capital: 72.900
Fourth Trade: 7.290
After 4th Trade...
Hello there, everyday i look in the chat and i see people making trades based on fomo, chasing price and news and i wanted to bring to life a few steps that i have in place before making a trade. I hope this is helpful! best of luck!
The psychological aspect and my thought process
Hello everybody, I'm so sorry that the migration did not as fast as I'd like it to be and, finally on last it's done and I can be back on trading.
Before i touch on how i would trade, i suddenly thought sharing my thought process would make so much more sense because literally you
will understand how i use my...
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.
Many of you have been asking me, what is my trading routine, so I decided to make an educational post :)
Here is a break down of my trading routing:
Pre-Trading Period
6:30 am weak up
Quick GYM session
Having a healthy BREAKFAST
Once breakfast is over, I go for 15 minutes of MEDITATION
After the meditation is over, and my mind and body is relaxed, I go for a...
Money makes money . It's an age-old saying, probably because it's generally true.
But starting out as a retail trader can be daunting and at times, frustrating. It takes time to build up a sizable account big enough to allow us to take the leap from trading part time, to full time trading.
Something that has kept me motivated over the years is an excel...
It's always refreshing to hear from some of the trading greats that have made a killing on the markets.
Here are ten quotes that'll make you think twice:
"Volatility is greatest at turning points, diminishing as a new trend becomes established." - George Soros
Soros cemented his position as a trading legend when he banked billions by shorting the British...
You are a Human. This is good.
You are capable of making complex decisions. You can identify patterns. You can enter excellent trades.
This is also bad. Between your ears is a narcotics factory that will put Heisenberg's mobile meth lab to shame.
You've entered a trade. This is it. The BIG one. A one-way ticket to infinite infinity pools.
Adrenaline ...
One of the major reasons why traders lose money is because they ride out their losses and close profitable trades too early.
While being patient can help us to achieve our maximum profit potential, being patient on the wrong side of a trade can be costly.
This is a great insight into why we are naturally predisposed to riding out losses and not quitting while we...
This is the third education series on Channel (link of Educational 01 and Educational 02 given below),
In this educational post, I cover up points that provide trades opportunity in a trending channel.
Steps To Follow:
Step 1: Connect Two Higher High Points to Draw a Trendline
Step 2: Connect Higher Lows points, take a buy call
Step 3: Buy at pullback with...
Way too many traders trade with very little capital and they do this because their brokers allow them to by offering them insane amounts of leverage. We really don't understand it because you would think that these brokers would want their clients to succeed in order to continue placing trades which yields the broker revenue from commissions and spreads. It is...
1 we have to analyse what kind of gap was it. ( runaway, breakaway, exhaustion)
2 current gap on a 1 minute chart is a Breakaway, as it has broken through a short term trend line,
3 when we have a breakaway gap, the gap close is less likely, so we're waiting for a consolidation that will nearly fill the gap, in our sample it's 50% Fibonacci area.
4. we're placing...
Hey, traders. Welcome back to another edition of "thoughts about BAT pattern". Today we'll continue to discuss bat pattern types.
We already know about Four types:
HSNSP see it here:
SNSP see it here:
HSFSP see it here:
SFSP see it here:
These four have two common features. Their CD leg is not interrupted by a retracement more than 0,382AB and their...
