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🔁Synthesis of elements in the trading system🔁 Hello💋💋 Today we are talking about synthesis of elements in the trading system . When we see that a certain component of the system performs a certain function very well, we design it as a separate unit, that it can be used when it is necessary to perform a specific function peculiar to it. Each component of the system must be carefully checked BY YOU, and effectively solve the task assigned spesialy FOR YOU. Before proceeding directly to the development of a new trading system, it is necessary to arrange all the components of our set into a certain structure in accordance with the general scheme by which the new trading system will be built. Do not be afraid to mix these components. Try to find what suits you and what pleases you. And of course it brings profit !!! We'll go a looooong interesting, sometimes painful way to become successful traders!💪🏻💪🏻💪🏻 Stay with me💓 I love you and I appreciate you🙌🏻💋 YOUR Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
17
📃 Trading plan 📃 ☝🏻The basis of any action on the market is a well-designed trading plan (TP). 👉🏻The basic rule is never trade without a plan, and when you have done TP, never break it. Work without a plan leads to randomness and spontaneity of actions subject to emotions.🙅🏻‍♀️ ❗❗Before opening a position, you must determined :❗❗ 📌position opening price 📌open position size 📌stop loss order 📌take profit order 👉🏻That's necessary in order to determine the possible risk / win ratio. ⭐⭐A trading plan should uniquely determine the actions of a trader in two scenarios: 1. Price moves opposite the open position 2. Price moves towards an open position ❗ A trading plan is drawn up before a position is opened, when a trader is in a balanced emotional state and can adequately think. ❗ After opening a position, you should follow the trading plan very accurately and not allow yourself to make changes to it during the course of trading. ❗ After closing the position, an analysis of the results is carried out, the optimality of actions is evaluated, and conclusions are drawn for the future. ❗ Trading does not end when you close your position. ❗You must analyze it and learn from it. ❗ After closing a position, many players forget about it and start looking for the next deal. ⚡Don't miss the essential elements of the path to the level of a professional trader - analysis of the past and introspection.⚡ Write down your trading plan. Write down the reasons for the exit and what you did right and what is wrong. You will receive a history of your transactions and thoughts in pictures. This journal will help you learn from past experiences and discover gaps in your thinking. 💪🏻Don't forget about self-development!!!!💪🏻 💙If my post was interesting for you, don't forget to put me like and write your thought!!!💛 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
20
🔰Channel is an element of technical analysis🔰 Let's recall my previous TA ideas and more 👇🏻👇🏻👇🏻 T oday we are talking about channels. Come on💪🏻 Technical analysis defines a “channel” as a corridor in which a price chart moves limited by the support line below and the resistance line above. There are three types of channels: 📌bullish channel 📌bearish channel 📌sideway or range (flat, trendless) The channel breaks, when the price breaks through either support or resistance. Breaking resistance on the bull channel is a good signal to buy. For a bear channel the opposite is true. With the side channel, the signal is less strong. If we break through support on the bullish channel and resistance on the bearish, we get a weak sell / buy signal (it is better to get confirmation from other indicators). In addition, you can play inside the channel, observing two rules: ⭐the longer the price moves in the channel, the more likely it is to exit it; ⭐play better towards the main trend. If you like my edu posts, put me like and subscribe on me💪🏻❤ Stay in touch💋 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
16
🌀 Cycle Theory and Wave Analysis 🌊👋🏻Hi guys. 💋Well, let's continue develop ourselves???💪🏻 Today I would like to tell you about the 🌊wave analysis🌊 ☝🏻😉For those, who have recently joined, I would like to say, that we are studying technical analysis.💪🏻💪🏻 👇🏻👇🏻👇🏻Below you can find my previous educational ideas.👇🏻👇🏻👇🏻 Ok, now let's start from the few words about theory of cycles💪🏻 🌀The theory of cycles is more developed at the theoretical than at the practical level, and deals with cyclical fluctuations not only in prices, but also in natural phenomena in general. Almost all methods of technical analysis fit into this classification.✔ 💥 If you wanna be successful trader, you need to understand this method of analysis 💥 ☝🏻 The trend (impulse waves) has a 5-wave structure (waves are indicated by the numbers 1,2,3,4,5, A, B, C ) and consists of impulse waves and correction. 📌 Impulse Waves 1,3,5 - longer than correction waves - show the direction of the trend 📌 Correction Waves 2 and 4 - has a 3-wave structure (a-b-c) - show the direction opposite to the current trend ☝🏻 1st, 3rd, 5th impulse waves have a 5-wave structure of their subwaves. Correction waves (2 and 4) have a 3-wave structure and are denoted by A-B-C. 📌 Signs of a trend reversal in terms of wave analysis are: - finite diagonal triangle - extended 5th wave - truncated 5th wave 👉🏻 The 2nd and 4th waves are corrective. The movement on these waves takes the form of the following correction models: - zigzags (5-3-5) (Zigzags) or simple (zigzag) correction - planes (3-3-5) (Flats) or flat (flat) correction - triangles (3-3-3-3-3-3) (Triangles) or triangular correction - double triples and triple triples (combined structures) - incorrect correction In fact, wave analysis has nothing to do with the market. At least in the modern world. This theory once worked, but not now. ☝🏻Although it attracts a lot of people with its simplicity and visibility. Now you will not find two wave operators, that would give the same market assessment and forecasts. So many directions and methods of wave analysis have formed today. Wave analysis is an artificially invented method for predicting markets, that is, not natural even for human behavior. 💥If you use it, then be extremely careful. To say, that wave analysis doesn't work is too subjective. Each for himself decides what and how to use. 😆Right or wrong - the market will judge by adding or taking money to the account.😆 🤔I hope I have clearly explained you my vision of wave analysis, if you are interested, you can study this method more deeply.💪🏻💪🏻 😸Subscribe and don't forget to put like to my enthusiasm, I try for you😉😉😉 Stay with me🌞 Kiss You 💋 Your Rocket Bomb🚀💣
BITSTAMP:BTCUSDEducation
by RocketBomb
5
💪🏻 TIPS FOR SUCCESSFUL TRADING 💪🏻It's Sunday,🌞🌞🌞 the Forex market is giving up 🤗, and the Cryptocurrency market is behaving strangely,👀 so it's time for selfdevelopment.💪🏻💪🏻💪🏻 ☺😚Let me try to give YOU some advice from my own experience, maybe they will be useful for you 💙💙💙 Let's Go🙃🙃🙃 🗝KEY ERRORS OF THE MARKET PLAYER🗝 🚩Waiting for a great deal and big profits 🚩put stop losses 🚩Attempts to catch up with the market 🚩Emotional trading 🚩Constant desire to trade 🚩Rejection of losses and attempts to immediately recoup 🤗TIPS FOR RIGHT PSYCHOLOGICALLY TRADE🤗 📎Chart levels at which you will enter into the deal and exit a position. 📎When you enter a position, all further market's movements you see through the prism of your position 📎The next movement of the price can make change your tactics. 📎Having analyzed your deals with trading plan, you (with high probability) understand - that most unprofitable transactions were outside the trading plan; - that you are not included in the potentially profitable and planned transactions. 📎Remember these moments the next day. 📎Try to make less unplanned deals and more planned. 📎Look into eyes of your losses. 📎Don't count lose as the result. 📎Failures will always be. ❤IMPORTANT❤ As soon as you close unprofitable transaction - stop thinking about it and focus on the next entry. NEVER make a deal right after something read heard. Almost always, these deals are unprofitable. ⚡EMOTIONAL SET⚡ ⚠Don't try to trade emotionally. ⚠you have made more than two losing trades - spend the rest of the time to analyzing the reasons. ⚠If the reason in you - take a timeout. ⚠Don't get euphoric after a series of profitable deals. That's as bad as depression. ⚠Always be determined to make money, not to lose it. I hope you were interested☺☺☺ Stay with me💋💋💋 I came up with a lot of interesting things for you🔥🔥🔥 Like and subscribe 😚😚😚 YOUR Rocket Bomb🚀💣 If you interested in my previous idea, look here 👇🏻👇🏻👇🏻
BITSTAMP:BTCUSDEducation
by RocketBomb
20
$EDU: Top of the range with odd fundamentals$EDU has tested and failed at the $108 level for the 3x in 20 months. Short-term price action has confirmed a break in the immediate trend. This is a company which has sacrificed margins for earnings growth. Earnings growth is at +1 standard deviation while operating margins have crashed from 22.5% (end 2009) to a miserable 8.9%, at -2 standard deviation level. Either competition is too severe in the after school learning space (it is a very fragmented space) or $EDU has lots of under-utilized learning centers which is dragging on margins. Furthermore, you have a company whose operating profits growth is slowing while eps growth is increasing??? With funny numbers, weak markets, weak spending power in China, weak USDCNY (EDU earns RMB reports in USD) and near +1 standard deviation valuations, I smell blood.
NYSE:EDUShort
by WellTrainedMonkey
BTC IN END OF 2018DO NOT MAKE ANY TRADES BASED ON THIS IDEA. DYOR! hey guys. as we see BTC fails to break the triangle once again and goes to support zone. In my opinion i think with RED Strategy BTC will fall to 5800-5600 support zone and then bounce back to the hypotenuse of the triangle. if it succeed we go to BLUE strategy and a bounce to mid support zone is expected and then we go GREEN . We have a minor resistance in GREEN strategy and i hope we can pass this and go further. I will track and update this post. it will be very helpful if you write your opinions and tell me if i'm wrong or some. Good Luck!
Long
by lvlr
Support & ResistanceSupport and resistance levels are critical in financial markets. They are very similar to pivot points, except simpler. When the price of a pair goes up to $10,000 and goes down to $9000 USD, that $10,000 USD zone is now resistance. If it bounces from $9000 and up to $11,000, the $9000 level is now support and the $10,000 resistance is now broken and could potentially turn support, where it can bounce. Generally, for resistance or support to break, a candle has to close above or below support and resistance. A wick above either is only the price “testing” resistance. I generally wait for a close above / below as well as further movement in the same direction, and a possible volume break-out short term. This is because a close above / below itself can be a fake-out, or a fake breakout, and continue doing what it originally was.The blue box is an example of a fake-out. The more often support and resistance is tested, the stronger it is. The stronger support or resistance zones are, the stronger they will break out. For example, if a support is tested 5 times and breaks to the downside, it will move down further than for example, if it was tested 2 or 3 times. Next post we will get into support or resistance zones and also examples on how to trade them.
BITFINEX:BTCUSDLong
by JCBCrypto
5
Missed OpportunityLast summer I was learning about Stock Screeners and was playing around with the tool. I had inputted some very difficult ranges for several evaluation categories. I followed the stock for a little while and then gave up, only now following up. Missed Opportunity as it was a strick set of criteria (almost impossible) I had inputted into the screener. I actually thought it was to good to be true as the TSM and EDU (both NYSE) were the only stocks that appeared in the results. EDU went from $22 to $34 in about 6 months. Wow, I have to believe!
NYSE:TSM
by ForexTradingIdeas