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Monetae Education - Lesson 1: CandlesticksWelcome to the first Lesson of our Monetae Education Series. I will provide you with a step-by-step guide on how to read, understand and use different elements in charting - such as Volume, Indicators, Chart Patterns and more. During the course of this educational series, you will set up your own chart with your own strategy and setup of indicators to proof your trading plan. Please consider to like this idea and follow me if you appreciate my work. If there are any questions on what you are seeing on the chart, feel free to post these in the comments section. I'm also available on Traderlist, Telegram, Twitter and Patreon - all linked in my signature. cheers, cryptobuller
COINBASE:BTCUSD
by Anton_XBT
12
Understanding Traditional Pivot Points (Formula Diagram)Learning about market Pivot Points is powerful information as you can see in this 15 min Bitcoin session chart, the Pivot Points and their components (S1,R1,R2,R3, etc) are clearly respected by price action I did a pretty extensive search for a diagram/drawing to better understand the formula for pivot points and I noticed there really are none... This snapshot of a chart will help you to better understand how the Pivot Points are established as time goes on in the market... In the diagram you can clearly see what a session term is, what its high/low and close are... The formula for establishing the next session's Pivot Pivot is: high of previous session + low of previous session + close/3 = next session's Pivot Point I will be making other diagram's of other components of a session such as the S1,S2,R1,R2,R3, etc. If you're interested in learning more about Technical Analysis, subscribe to my youtube channel: "Kick Back Time" The more subscribers I get there, the more I will be encouraged to produce educational videos * You can find this indicator on Trading View by doing a search and it should come up right at the top. I like to use the standard/traditional
BITSTAMP:BTCUSDEducation
by Kick_Back_Time
1
Parabolic trend continuation confirmed. Target 9,600$ - 10,000$Hey guys, I hope everyone is having a good weekend, as I shared with you my opinion last week, Bitcoin parabolic trend ket in place and is heading for 9.6K to 10K. I hope you didn't short the market, especially leverage trading, If you did, learn from it and do not to predict the market especially when the market is neutral and trying to make decision. It is so sad to sometimes hear stories about people who trade in these situations especially on large amounts and leverage trading, like a trader in china who recently committed suicide.
BITSTAMP:BTCUSD
by UnknownUnicorn1928174
1
TRADING SECRETS GA is approaching some key levels really fast with the big bullish run last week this level is 1.88414 and this has not been reached since June 2016 nearly 3 years ago, current price is only 60 pips off this level. Now there are correlating pairs that we look out for when trading and most of you might not even know that when these pairings move in 1 direction others also move... So we are going to let you into a trading secret ;p Ok so as GBP gets stronger the UK100 ( British stock market ) gets weaker ( and vice versa ) , This is to do with foreign investors not wanting to import things from the UK into there own country because when GBP has strength these investors have to pay more for the goods and loose out on profits. UK100 is nearly at a support level so we can see a bounce higher, this would weaken GBP. Also when GOLD prices are up this pushes the price of AUD up as Australia is the 3rd biggest producer of gold in the world, The more gold it produces the higher the AUD price will go as it exports most its gold therefore investors pay Australia in AUD. Gold is quickly approaching a key resistance level.. but with loads off bullish power so we are expecting this level to break and gold make a push higher. So overall Gold strength would lead to AUD strength and UK 100 strength would lead to GBP weakness... So the only way we see for GA is down. I hope you took all that info in as there is a lot to digest, but I also hope you took something away from this post and learned some key lessons that you will implement in your future trading.
by ApexFX_Pro
3
TL BreakoutsHere we have 2 strong trend lines ( TL ) TL1 was touched by price 6 times before it finally broke out, and TL2 was touched 16 times before breaking out. TL1 when price broke out it had a bullish run for 8 days and in this time it managed to collect 270 pips, going into this breakout there was a slowdown in selling power ( small bodied red candles ) and a lot of buying power ( big green candles ) suggesting that price was getting ready to explode and BOOM we had lift off. TL2 exactly the same thing happened , price slowed down with small candles forming suggesting price change, then some bullish candles formed just before we had another BOOM... price then went for a day trip to the moon, this time collecting 420 pips over just 7 days. If you held this you could probably have afforded your own trip too the moon ;p That would have been a lovely month trading for you just before Christmas making over 700 pips just on 2 trades! That's a hell load of mince pies. So if you still don't believe how easy TLs are to trade and how affective they are you must be drinking too much tap water that the government are blindly feeding you fluoride in to numb your brains and keep you in line ;p When a TL is broken by price DONT remove them off your chart thinking they are no good anymore... because sometimes price comes back down and tests them as support, but that is another lesson for another day... Don't want to overload your brain now do we? haha.
by ApexFX_Pro
Old Friends Meet AgainHere we have 3 different timeframes open ( 1D, 1W and 1M ) On the same pairing EUR USD, each chart has the same trend line ( TL ) and same support level marked on them, You can see how important it is to put these level on your chart and keep them there because if you look at the 1W chart you can see that price respected our support line in 2003 then fast-forward a few years price came back down and used this same level as really strong support in 2015, 2016 + 2017. Also you can see our blue TL on the 1W chart, Price respected this in 2008, 2009, 2011, 2013, 2014 and 2018.... Come on tell me I'm talking s#it. So go away and locate these important levels and TLs and I promise you will make money.
Education
by Apex_Gregg
Importance of key SUPORT and RESISTANCE levelsAs you can see from the chart we have used purple lines to show key support and resistance levels ( levels where price has bounced off in either direction ) Even after the market crash of 2008 the price eventually found key support and resistance levels that had been used years before. The price respects these levels as thousands of traders will also be watching these levels and therefore they will also set orders for these levels hence why the price keeps respecting and bouncing off these levels. We believe in keeping trading as simple as you can to save confusion and key support and resistance levels are a key factor in our swing trading style. If you would like more lessons like this or would like to receive our signals then message us as we offer a 2 weeks FREE trial to our VIP group.
Education
by Stocks_And_Forex_Mafia
The pattern was crossed The pattern triangle which I announced yesterday was crossed. We have strong by signal on EUR USD trading instrument. We can buy ! BUT, be careful and read more news, this week fundamental analysis is very crucial, on Friday we have Non-Farm Employment change and before that news we may have a divergence and fake technical signals. Here you can fined more information about Non-farm Employment Change www.forexfactory.com www.investopedia.com Nonfarm Payroll What is 'Nonfarm Payroll' Nonfarm payroll is a term used in the U.S. to refer to any job with the exception of farm work, unincorporated self-employment and employment by private households, nonprofit organizations and the military and intelligence agencies. Proprietors are also excluded. The U.S. Bureau of Labor Statistics releases closely followed monthly data on nonfarm payrolls as part of its Employment Situation Report. The headline figure—the change in the total number of nonfarm payrolls compared to the previous month—is used as a gauge of economic health. In January 2018, preliminary data for the prior month of December 2017 showed that nonfarm payrolls rose by 148,000, on a seasonally adjusted basis, to 148.3 million. The change marked 87 straight months of job growth since October 2010. Nonfarm payrolls rose by 252,000 in November 2017 (also preliminary) and 155,000 in December 2016.
Short
by AmiranAzaladze
AUDNZD: Trade Update / Risk LessonWhats up guys? This idea is correlated to the one linked below. The difference between those two is the two yellow boxes. In the first i counted the first level as yellow box wrong and so the trade made another move down. I just wanted to give my follow traders a quick update about how the idea now looks with the correct two yellow consolidation boxes. We do not expect price to rise before another move to the downside. And yes we are still in the trade, which is linked below. Remember using always something between 1-2 percent risk keeps you long term in the game and also protects you from these mistakes. I am only 0.5 percent in drawdown from this trade!
Long
by darian_fx
Pitchfork Trading - Video 1Video Nr. 1 I explain the quick principals of the Pitchfork and how we use it. Parallel to the educational benefit, you get the analysis of the NQ and a good feeling, where we are in the whole big picture. If you like to learn more about the Pitchforks and how they produce great trades, then here's how you can get your free course: 1. Klick the link at the bottom to get to our website. 2. Register for the FREE MEMBERSHIP 3. Login and start the course Thanks for watching and if you like it, give a thumb up :) P!
CME_MINI:NQ1!Education
by HowToChart
14
HOW TO TRADE CONSOLIDATION The short answer: DONT. I've decided to use EUR/GBP today as a prime example of when to sit on the sidelines and not risk a cent of your capital. As you can see, the past 7 weeks have been an absolute mess with price looking very indecisive and all over the place. This means that traders are not able to come to a consensus of whether they are bullish or bearish on this particular pair. Now remember when you are trading you want to be able to identify and execute your trades where there is likely to be a large amount of buy/sell orders (particularly 'smart money' orders however this is a lesson in itself) and if price is just moving sideways, how exactly will you be able to do that? The answer is most likely you most likely will not be able to. The trick with trading consolidation is being able to stay patient and let the masses fight over a measly amount of pips while waiting for the market to show you the direction it is heading next. You will be able to identify this when price clearly breaks the current consolidation either to the upside or downside. When this happens after a long period of consolidation, you might notice it does this with tremendous strength (I like to picture this as the market 'coiling' up before releasing its stored energy to either the bull or bear side). Now the question you should be asking yourself after that point is ''How can I now take advantage of this potentially newly formed trend?''. Instead of just getting long or short as hell after seeing a breakout, I like a little more confirmation before putting any of my capital at risk. This usually comes in the form of a pullback to the first potential lower high/higher low after the breakout has occurred and this is usually where I look to place an entry if my strategy signals to do so. Hope you were able to take some value from this mini lesson, let me know in the comments or PM me if you want more short lessons similar to this! Have a great trading week.
Education
by joshdonoghoe
1
Buying $TRX..with math!When a buy opportunity like this presents itself I love to share it with you all. The more of us that understand technical analysis, the more likely charts will follow TA patterns. Buy signals for technical analysts become self fulfilling prophecies, and it's no surprise that a coin that is as heavily traded as $TRX would follow the rules almost perfect. What you see on this chart is $TRX correcting after a big old 3rd Elliott impulse wave up. As you can see $TRX is currently consolidating in a bear pennant. This pennant is distinguished as a bear pennant because the consolidation is following a down trend. We reached a high of about 1080 sats and the apex (the top or highest part of something, especially one forming a point.) of our pennant formed at 890 sats. The downtrend that will follow the previous downtrend after the consolidation of a bear pennant will typically be the same length as the previous down trend. Sorry if that's confusing, I scored a 560 on the english section of my SAT, and the chart shows you the simple math that should clear up any confusion. Isn't it interesting that our target lines up perfectly with the 0.5 fib level!? Beautiful!! Here is a prime of example of how you can use multiple indicators (Elliot, Fib, patterns) to...make money! Oftentimes new traders ask how much do you place on a trade and why? I like to buy when I'm nearly certain the money will be there. On a trade like this, I will bet a lot of marbles. If you found this helpful, please like, follow and share with your friends. Cheers, J
by TeamNeverWorkAgain
26
Lesson 3 : Amazing Trading Method (Swing High / Low)Hello Traders, Here I am again with an interesting but extremely helpful lesson. I’ve given you plenty of time to go over Lesson 1 and Lesson 2. This lesson is going to be a little longer as I have tried to be as simple as possible in my explanation. So, let us get straight to it. Get a pen and a paper if you want to make notes. It’ll be helpful. I learned this great strategy from a course long time back, and I found it very helpful, and it changed the way I used to trade. Knowledge is power and I love spreading it. Note: Here we will be ignoring the main chart, instead focus on the charts in between the post. We all know of indicators such as MA, EMA, MACD, RSI, DMI, Stochastic RSI, etc. but we all know that as much as the indicators are very helpful, they don’t always work. In fact, nothing working perfectly as we want. What if we can use the indicators as a first step, and along with that use some amazing shortcut tricks that will position us better and give us an advantage to be in that trade? That is what we are going to try and work on today. Lets develop some great skills. I will mainly focus on the logic that we can use once we have determined a trade position after using the indicators. We will be working on understanding the logic of trends once we determine a specific pattern using indicator triggers. I have so much material to cover, so forgive me if somewhere I make any mistakes. Enough of the intro. Lets begin. Indicators and What to look for before you can use the price-action logic (You do not have to use all the indicators for a signal): MACD: - Crossover over/under the signal line - Crossover over/under the zero line DMI (Directional Movement Index): Look for the +DI line and -DI chart cross each other. This will tell us whether the price action is going down or up. EMA (Exponential Moving Average): - Shorter term moving average crossing over or under longer term moving average. - Closing prices of the candles crossing over or under a single moving average. Note: The length of the moving averages depends on you. For shorter term, we can use 30 or 50, and for longer term 100 or 200 is preferred. So, now we have these 3 indicator which we will go over first to confirm the trend of the price chart. This lesson is not a tutorial for the above three indicators. I will have separate lessons for each indicators. Once we figure that the chart looks bullish that is when we move on to the below logic tricks I am about to explain. I hope you understood whatever I told you so far. Basically, we will have two steps, the first one being using the above indicators to make sure it is looking bullish, and then comes the second part which would be using our logic to get an entry and look for a possible move out. Got it? If not just ask me in the comments. I am here for you. So now we know what indicators we can look for and assuming we want to enter the trade after all the indicators giving bullish signals, we now move on to the logic before entering the trade. THE TRICK I want to remind you to have your complete attention on this now. Really want you to understand this very well. We will be going over the following patterns as a part of our strategy after the preliminary analysis using the above indicators: - Swing High Pattern (For Buying / Long) - Swing Low Pattern (For Selling / Short) - Inside Intervals - 1 Candle / 2 Candle Pullbacks - Inside Intervals + 1 Candle/ 2Candle Pullbacks - Using it all together - Risk Control ( Will have a separate lesson for it later on) We have lots of topic to cover people, and this is going to be long, so bear with me. Lets go over it one by one, and don’t move on to the next topic unless you have understood the previous one completely. Remember information is powerful but wrong information is dangerous. I will be updating this in sections, so see below to continue reading this.
COINBASE:BTCUSDEducation
by MoneyChartz
3
Lesson 1: RSI (Relative Strength Index) - Widely used indicatorWelcome to the first lesson from Lets Go Crypto! We aim to educate people who are struggling to understand indicators, and how to use them when it comes to trading. Hope this is helpful for all of you people out there, who are looking for some kind of lessons. If at the end, you do not understand or have any questions, feel free to ask in comments below. Today, we will be talking about RSI (Relative Strength Index), which is one of the most used indicators in crypto. There are many people out there who just use RSI to day trade, or even for a long term trading. Here you will learn what is RSI, the Pros and Cons of RSI, how to use it to trade, and the best strategy to follow if you are only using RSI as an indicator. I will be using 4H time frames as an example for the lesson. Lets dig straight into it. Default RSI indicator Settings: Length (14) . What is RSI? Relative Strength Index is one of the many oscillators out there, which basically calculates the strength and weakness of a coin. It compares the up movements versus the down movements over a given period of time. As you can see on the chart, RSI is plotted as a single line. That line when average gains are greater than the average losses, it moves up, and vice-versa when average losses are greater than average gains, the line declines. It is as simple as that. It basically takes into account, the speed and change of price movements. How do we use RSI? Using the average gains and losses that RSI calculates, a ratio is created, which makes the line move between 0% to 100% borders. Technically in the crypto world, we have our borders placed at 70% and 30% as you can see in the chart. (Some people also prefer using 80% when its bull market and 20% when its a bear market). If we see RSI nearing or crossing 70% line, that means that the coin is overbought. If we see RSI nearing or crossing below 30% line, the coin is in the oversold zone. When RSI is above 70, that means that a coins' price has been increasing for that period of time, and is not in the overbought zone, which means it could be due for a correction. When the indicator is below 30, it shows a strong run lower which might be losing momentum, and the price may be due for a rally upwards. This is not at all hard to understand. I hope everyone is on the same page so far. Make sure you understand this bit. RSI > Price increasing > If nearing 70 or above > Overbought > (We might see some downward movement) RSI > Price decreasing > If nearing 30 or below > Oversold > (Price might start going back up) Easy peasy! Its always easy until it comes to applying it to trading right? Lets have a look at that as well. I am sure after this and a little bit of practice you will be able to use this indicator with full confidence. Applying RSI in trading Just spend a minute looking at the chart for me really carefully and match the price action with the RSI movement. You will see that it is very similar. When the price is going up, RSI is going up, and when the price is going down, so is RSI. When to Buy? Scenario 1: So we know that when RSI is low (less than or equal to 30), it is oversold, and that usually means that the coin can rally up soon. Our aim should be buying in when RSI is low. So if it has crossed below 30%, wait to buy in until it comes above 30, that is just a confirmation that the trend is changing to bullish. It simple. Read this one more time. Scenario 2: There is one more situation when it is not necessary to wait for the RSI to go below 30, but be careful with this one. This is called a bullish divergence. It occurs when RSI makes a higher low while the price makes a lower low. The more times this occurs, the more bullish it is considered for a coin. I will be explaining Higher Lows, and Lower Lows for those who do not understand it. Since I am getting out of words here because of the limit, continue reading below..........
COINBASE:BTCUSDEducation
by MoneyChartz
11