Where to set your stop loss for large positionsSetting a stoploss correctly is vital to risk and reward management
Here is how I set mine
Mtops
Dropping the Dow Jones from now as well as longer form videos I will be dropping the Dow Jones from today (reasoning provided).
This is a video to say I apologize for the longform videos as I forget that we live in a instant gratification society sometimes and will be tailoring my videos to be under 3 minutes here forth
Forex, where have you been all my life. Wow!Sorry guys, the pro-mic wasn't set to default so we got laptop mic on this one
Very grateful to bitcoin for being my gateway into trading, as it taught me many wonderful lessons
Now that I am out of the splash pool and riding the ocean's big waves, man am I grateful to be able to recognize the beauty of Forex for what it is!
The thanks to my strategy I'm able to trade all kinds of markets as it works in the same way across all markets, and if it weren't for that, I might still be stuck in the splash pool of crypto-world instead of drinking in the benefits of Forex
If I am not the only 'late to the party' day trader, and you're still unsure about Forex, then I recommend you start learning on how to maximize it for you
I want to hear from you, would you prefer a timezone shift?Forex and Euro indices have been this season's treat
For those who would like to trade them too, would you prefer I shift these video updates to the morning (GMT morning?)
As there are no more live streams available on tradingview I cant speak to live markets as they are happening, and with Dow Jones its sometimes hard to confirm the turning point until after the High Frequency bots have done their crazy dance
Also, I love this game and I have a ton of valuable experience behind me. If you are someone serious about trading reach out to me and I'll help where I can
Turning Points within a Market Cycle Hey learners
The first bit of this video covers the turning points of a market cycle
I then proceed to explain more reasons why I've moved away from the cryptosphere
These are all my opinions, what are yours?
Setting up time cycles on new marketsMy strategy works on all markets and on all time frames, in the same way
Today you see what is needed to set up market cycles
Please reach out with any questions you may have
I have a rule to follow the money rather than marry the marketThe cost to trade Bitcoin, the boring movement and other reasons have me moving away from trading Bitcoin from today.
I will be focussing on a morning market and an afternoon market
Right not it seems to be Forex in the morning and an Indice in the afternoon, namely the GPBJPY and Dow Jones
I hope this doesn't upset anyone. I have a rule to follow the money rather than marry the market
#Bitcoin should climb further up as it's too early for a switchBitcoin’s current market dynamics indicate more upside potential. The recent bullish momentum suggests that we haven't reached the point where a significant trend reversal is likely.
Price continuation along support. As predicted Not much to say other than price is going up as predicted
From here we see it climb more until it reaches the target zone for the next steps
Seemingly a big uptrend forming here..It seems that low formed early, which was unexpected... not good for market structure
for price to reach the next high responsibly a lot of buying has gotta happen.
very interested to say the least
Price heading down for a bitPrice hit $60k as promised
It needs to regress into its new low position next
It seems price is now heading to $60k this weekendAfter the consolidation it seems price is on its journey upwards
Typically the weekend liquidity drops off. Looking forward to Monday
Trading the lower frames whilst the higher ones crawlClear market structure is very important to trading
The dominant trend (higher time cycles) guide the lower ones
When it's ranged for days, the lower time frames are still tradable but with a higher risk
Wherever you place your trades, ensure they are protected (don't go too big)
It seems a higher low is nextIf you're keeping up with the serious you would've heard me say in yesterday's video that patience is power.
Today you'll learn a little about the 'Killzone' and why it helps protect us against bad trades
Bitcoin's New Market Structure: A Journey to the $40ksBuckle up, dear humans. If the stars align, or more accurately, if the charts, whales, and market dynamics align, Bitcoin might indeed be setting its coordinates for the $40,000s. But in the grand cosmic joke that is the market, always be prepared for a plot twist. Here's to hoping your digital wallets are ready for the ride, whether it's to the moon or just a scenic tour around the current orbit.
#BitcoinTo40k #CryptoVoyage #MarketStructure #WhaleWatching
The Zen of Trading: Buy, Sell, or Hold - Patience is PowerIn the trading universe, whether you choose to buy, sell, or hold, remember that patience isn't just a virtue; it's your superpower. It's what keeps you from jumping into a wormhole just because it's there. So, equip yourself with analysis, arm yourself with strategy, but most importantly, cloak yourself in patience. In the grand space opera of trading, those who wait often find the best planets to land on.
And always keep in mind, as any space trader would tell you, "In the market, as in space, timing isn't everything; it's the only thing."
#TradingPatience #BuySellHold #MarketWisdom #InvestSmart #PatienceIsPower
Avoiding Bad Setups in TradingIn the vast, unpredictable galaxy of trading, avoiding bad setups is like having a good shield generator. It won't make you invincible, but it'll save you from a lot of unnecessary damage. Remember, every trade you don't take because it doesn't meet your criteria is a potential disaster avoided. So, keep your trading cool, your patience high, and your greed in check. After all, in the words of a wise space traveler, "Don't Panic!" - but do plan, wait, and strike when the stars align in your favor.
#TradingWisdom #AvoidBadSetups #PatienceIsKey #TradingHumor #MarketStrategy
America's move the market best.I am dropping the UK & Europe Morning timezone show, and shrinking into doing 1 show a day
This is due to the watching of day trading timeframes and noticing the major absence of activity in comparison to the America timezones.
Also, I'm just watching the market for structure before putting down any Target Zones.
I don't trade weak markets
The Art of Sitting on Your Hands: Patience in TradingIn the ever-turbulent seas of the market, where every wave could be a treasure or a trap, there's an often overlooked strategy: doing absolutely nothing. Yes, you heard that right. Sometimes, the best action is inaction, or as traders like to call it, "sitting on your hands."
In the grand universe of trading, sitting on your hands isn't about doing nothing; it's strategic waiting. It's like being a cosmic sniper, waiting for that perfect shot where the probability of success is overwhelmingly in your favor. So, embrace the wait, enjoy the pause, and when the market structure shifts in a way that aligns with your strategy, then you make your move. Until then, keep your hands warm and your wit sharp.
#TradingPatience #MarketStructure #DoNothingStrategy #TradingHumor #InvestSmart
Where to put your SL, Entry and Take ProfitSetting these points is both an art and a science, much like navigating through space. Each trade is a journey, and while we can't predict every meteor shower or black hole, we can plan our route to maximize safety and profit.
Remember, the market, like space, is vast and unpredictable. Your SL, Entry, and TP are your navigation tools. Use them wisely, adjust as necessary, and always be prepared for the unexpected.
#TradingStrategy #StopLoss #TakeProfit #TradeEntry #MarketAnalysis
Turning point is in. Bitcoin is heading back UPSo, if Bitcoin is heading back up, it's not just riding on the whims of market sentiment or the technical analysis of a few clever humans. It's propelled by the collective belief in its scarcity, utility, and the ever-growing narrative of it being digital gold.
Remember, in the grand scheme of the universe, Bitcoin's price movements might just be the equivalent of a small blip on the radar of cosmic events, but for us earthlings, it's the financial spectacle of our times.
Keep your spacesuits on, your helmets secure, and your wallets ready; Bitcoin's trajectory might just be the most entertaining show in the galaxy right now.
Disclaimer: All predictions come with a side of cosmic uncertainty. Invest wisely, or at least with a sense of humor, knowing that in the vast expanse of space, even Bitcoin's price is just a tiny, albeit exciting, speck.
Why I think Gold is heading to 2482 today Monday! See below.
This is the 4hour chart for Gold. Notice the current candle how bearish it is.....bears-pinbar!.
See my yellow 9ema is crossing down on the dark blue 50ema. That is also a very bearish occurrence.
Now 2482 is the neckline of an M_top system on the 4HR. Please read this article that I wrote at the weekend. I said that a breach of 2482 and the Gold price could wind back to around 2432/34 area, whereby at that level is the 50EMA on the daily.
Look it may not happen tonight because there is no news impending that could prompt a sell-off. But I see this as a scenario that could play out this week.
It's still early in the move, however it appears Down it is?While the early signs might suggest a downward trajectory, in the market, as in life, it's often wise to wait for the second act. The market's script is full of plot twists, where what seems like a fall could just be the setup for a spectacular comeback.
So, to those watching the charts with bated breath, remember, it's still early in the move. The market's narrative could yet turn into a tale of unexpected recovery, or it might indeed continue its descent into the depths of economic lore.
Stay tuned, stay amused, and maybe, just maybe, keep that buy button on standby. After all, in this cosmic game of market chess, every move is a chance to outwit the universe itself.
Disclaimer: Market predictions are like trying to guess the punchline of a cosmic comedian. They're often wrong, sometimes right, but always entertaining.
