Tutorial
NEM-XEM/USD 2666000% Trend Figures Psychology of a hamster 2-666In this training / trading idea, I showed the whole history of the price chart of this scam coin of high capitalization.
Pay attention to the increase in prices by 2666000% (26660 hamster X) for 2 years from January 18 (6 + 6 + 6) (01) 2016 to January 1 (01) 2018.
What strange figures are 2 years of an uptrend and an increase of 2-666-000%. Is it really a coincidence?)))) I think who truly understands what the number 666 means, and not through the religious prism of brainwashing, then everyone understands that there is no coincidence here.
Please note how, according to all the rules of technical analysis, all the patterns on the price chart worked out:
Lateral movement.
1) accumulation channel. (a breakthrough of resistance and the beginning of an uptrend).
Uptrend. +2666000%
2) ascendant pennant. (formation of the pennant web and pulse development to the height of the flagpole).
3) an ascending triangle. (bullish pattern, working off to the height of the triangle).
Downtrend. -98%
4) a downward wedge. (formed).
Entrance to the market.
Entrance on a breakthrough or pullback after a breakthrough of the resistance line of the downward wedge. Fixing the price above the downtrend main trend will mean a trend reversal and luring a new batch of “hamsters”.
Formerly hamsters who believed that they would become very rich in the near future, as a rule, after a while they sold at very low prices or so, when their faith to become a milleon was beaten heartbroken and disappointed.
A descending wedge is drawn very beautifully. The instrument is merged by -98% from the high. Super profits for a real trader and a skating rink for a believing hamster. Perhaps "soon" will be a trend reversal.
As you can see, the older the time frame, the more clearly the patterns are worked out and it is easier to predict the price movement.
Large timeframes are well suited for positional trading.
But it is very important that a crypto project, even if a scam, were people with big money who are interested in continuing to imitate the development of the project.
For example, how is this cryptocurrency NEM (XEM). It is very important that you can work not only long, but also short on margin trading. This allows you to earn on the downtrend of the coin.
But, nevertheless, in such coins you always need to withdraw a large part of the profit, and to continue to work with a complex percentage to get a new potential profit.
At one time, I had a rather significant loss of money when a tool like NEM suddenly evaporated. I traded coin for about 8 months. Several times increased profit from the original amount. With each profit, a part brought profit from the market. But at one point, the project "closed", tokens were removed from the exchange, trading stopped. As a result, the loss of a full position did not mean a loss, but a loss from profit, as I always deduced part of the profit. But if all this time I only accumulated coins (increased the amount), all profits would have turned to zero. And most importantly, it would be a pity for the lost time to trade this coin. Time has no price, it is priceless.
Therefore, always remember no matter what the true legend and imitation of the development of the project, you can never predict with 100% probability what those or other people who created the project will do.
On this coin NEM (XEM). They launch the Catapult technology on their blockchain for believing fools from 2017 before each secondary uptrend or during the downtrend to stop sales and give believers another sip of the sweet lie of hope.
Since 2017, they announced the launch of the catapult 6 times, they did not even change the legend. Why? The hamster is not a mammoth, it will not die out. In addition, hamsters have a complete loss of memory about events 1-2 years old.
This "technological coin" from
the maximum price fell -98%! Believers in becoming a millionaire in a year are likely to experience wild horror and misunderstanding! In the end, they were secretly told on the Internet that they needed to “manage to buy” this coin, otherwise the chance to become a millionaire in 1-2 years would be missed.
A person going to work from day to day from 8: 00-17: 00 with hard / not hard work, gets a salary, debugs money. For example, during the year he saved up $ 1,000 for investments. And then he heard “in confidence” that you can simply buy a certain coin and become a millionaire in 1-2 years. He was delighted because he believed that he would become very rich! He will no longer need to go to work every day!
And now, after 2 years, he discovers that with his invested amount of $ 1,000 in a promising technological coin for a comfortable life, only $ 20 is left !!! Everything acquired and delayed by hard work has simply depreciated! Indeed, for 2 years from 1000 to receive minus 98% of the investment is something. From $ 1,000, only $ 20 is left . But the investor proudly calls himself a "holder" !
The future millionaire is in shock. How did this happen? In the end, very clever experts from YouTube and telegrams showed him a price increase of 2,666,000% and said that the price would go up forever! Even if the investor - “holder” bought earlier, he does not sell at all! After all, he needs even more! After all, only stupid traders sell, holders always hold on to the end!
This hamster in the bull market had an opinion about himself that he was also an expert and professional. He considered himself very smart and experienced, smarter than other newly arrived hamsters for slaughter. The trend has changed, and the "smart investor" has become a deceived fool.
A stream of hamsters in cycles.
Some "die" - others are "born."
The hamster is not a mammoth, he will not die out.
I think the training article below will be very useful for those who "got into one of the thousands of promising crypto scam projects" and understand the complexity of the situation.
We make losing trades profitable. Martingale + Position Trading.
For true “lazy hamsters” those who like to buy everything indiscriminately at the market are forbidden to use martingale. This method in such hands still fast will lead to a drain of the deposit. Read the work of this trading method in the description.
Those people who are sure that success in trading depends on only one successful purchase and after a while to sell it many times more expensive is doomed to annul its deposit. This is what most think. So this is an erroneous opinion. Thanks to this belief of the majority, the minority earns.
Multi Timeframe Analysis - different supply/demand levelsHello all,
this lesson will be about my monthly/weekly, daily, 4h etc. supply/demands critical areas, so you can get a better idea why i use them. After you know the most basic thing about my analysis, we can start with the next baby steps in understanding price direction.
This also goes for all of the structures such as closed triangles, trendlines etc. on the higher timeframes.
I prefer using the term "supply and demands" since it is the correct one in economics. In other words supply and demand can be seen in every single product that is offered in a market.
Sorry for my mistakes, it took me more than 15 recording in order to get this one. Thank you!
Have a great trading week!
Plan Your Trades BEFORE Market OpenBefore the trading day starts its imperative to have a plan. This will keep you from making decisions on-the-spot which are usually emotionally driven. We all suffer from our emotions affecting our trading, so we need to do everything we can to limit these affects.
Make sure you are taking into account support and resistance on the monthly, weekly, daily, and 4 hour chart. You can drill down further to using 1 hour and 5 minute, or even a 1 minute or 30 second chart, but first you must have the other time frames charted out.
Make sure you only draw support and resistance lines that will trade on. Anything else is just noise and a distraction. Many new traders draw trend lines and support lines everywhere they see them, which will later overwhelm the trader and make it impossible to trade.
When you draw a trend line or support/resistance line, Tradingview gives you the option to select which time frames they appear on. So if you don't want your 5 minute trend lines appearing on your monthly chart, I suggest creating a template called "5 Minute" for trend lines and unchecking the higher time frames. This will give you a much cleaner chart.
I use arrows to dictate where I will long and short. I move them later into the day if they happen to get in the way.
If this helped you in any way, please leave a like and follow!
FAIRCHECM SPECIALILTY - BAT PATTERNFairChem Speciality daily chart has a Bat Pattern Probability
Bat pattern is the most common and frequent pattern among all other harmonic patterns and the best part is,it gives you a better risk: reward ratio.
.886 Fib Retracement of XA leg and 2.618 projections of BC leg , whenever these two ratios aligns in close proximity, it provides a tight zone to execute a trade entry with good risk reward ratio.
the swap window When can I swap? And when does the swap window close?
About 4 months from the start of the contract initialization for users to swap their tokens.
The contract was initialized at timestamp 1,589,485,972 and will allow at least 9,676,800 seconds (about 4 months) to do the swap.
This means that the swap window will be opened until September 3, 2020 7:52:52 PM UTC, at the very minimum (1,589,485,972 + 9,676,800 = 1,599,162,772 UNIX).
New Pine Updates - Line.get_price(), label styles and much moreHello,
This video idea covers some of the big updates added to Pine and TradingView over the last several days. Most importantly, I show you how to use the following new features:
- line.get_price() - a function used to get the price of a line object on the chart at a specific bar value
- label styles - how to use the new styles added into Pine for your labels
I also discuss some other new features such as:
- label tooltips
- the addition of Candlestick patterns as built-in indicators on the platform
- syminfo.basecurrency
- timezone parameter when getting a bar's time
Thank you!
'Position Sizing' for beginners - XAUEURIn this example I'm gonna show you how important is the entry point.
With same levels for stop-loss and take profit, one position will give you the opportunity to earn 3 times more than the other.
It doesn't mather if the position is a loss or a win, I just want to visualy show you the importance of the entry.
Forex Price Action AnalysisHere we have Really good Setup and price also holding Very well
1) we have very big Wick (shadow) Candle this is the alert time in any trade.
2) we have doji which is for reversal (not all the time) but Volume is good
3) we made bullish candle and bouncing from Support support is Solid.
so when we find the good Support we are ready to buy the retest as always so here we are buying the retest with stop loss below Support
so here we got really decent profit with very small stop loss. and good gain
How To Trade Extended Stocks? TJX & BJ 05/21 Case Study!Hi guys, today we'll touch once again on the topic of extended moves. Thursday gifted us with a picture-perfect comparison of 2 stocks gapping up. One worked flawlessly, second one didn't, however (guess in which I took my trade, d'uh...).
Takeaways from the video:
1) You can't tell successful follow-through from the daily graph itself. You have to watch how it behaves thorough the day. Volume and behavior on key levels are the most important factors here.
2) You may want to risk less initially, adding along the way as long as the stock fulfills your criteria.
Hope this helps you next time you see a nice gapper and possibly saves you some frustration!
Tom | FINEIGHT
Blox Will Also Move (How To Trade, General View)Patience is the key to success while trading, also having a plan before getting started... You can ask me, I learned the really hard way.
Looks like Blox (CDTBTC) it's done consolidating since prices are already moving above EMA50 (magenta line).
Since the first break of support in March, we have a wait of 70 days, for many people this is a very long time and they fail to wait, hoping to switch around and earn a fast buck.
It turns out that once you move out of a trade out of greed/desperation, the next one takes longer and the one you just sold starts to grow.
So think twice about how much you would wait before jumping in...
What to do if prices go down?
What to do if prices go up?
We always use a stop-loss, average around 15%-35%, and set our sell orders on target before the prices start to move up.
If prices drop we close the trade.
If prices move up we collect profits as the orders filled up.
I am just sharing my experience...
Make sure to do your own research...
And I wish you lots of success, health, wealth & love.
Namaste.
How a RETEST works - with Trade IDEA - Pullback explained(Note for professional Traders: If you have some experience on this strategy or
if you feel like something is missing, please comment, so everyone can benefit from it :) Thanks in advance!)
Hi Traders!
Have you ever been in this situation:
The market is clearly in an Uptrend.
Big, Green Candles moving up.
Making higher highs and lows.
Breaking all the major Resistance.
Because of all of this, you hit BUY.
Now...
The market makes a 180° U-turn.
You see your trade is losing.
The Big green candles are now red candles.
Falling towards the Support.
Let's move on...
You think, the Up-Trend is over now.
You now see some red candles in the chart.
You think the trend has changed.
You want to be the one how rides the huge Down-Trend.
You hit SELL.
OK...
The market uses this Support and is Continuing the Up-Trend!
Ouch :(
So, in this idea you'll discover what those so called "Retests" are.
Ask yourself: When does a Retest occur?
If you think correctly, you might have a picture of a breakout in your head.
This Breakout can be anything:
Support and Resistance
Trendline
Fibonacci Levels
Parallel Channel
SMA 20, 50, 200 ...
EMA or other trending indicators
etc. think of anything
After the Breakout the Retest can occur at any time.
NOTE: A Retest does not occur on every Breakout! The market occasionally breaks out without a Retest.
Here we listed some "sorts" of the Retest:
The "classic" Retest
This is the kind of Retest which you can find in every trading book.
Let's get an example:
The market just broke out from major Resistance.
Since there is price action in the movement, the price even moves a few pips further.
It suddenly stopped, made a 180° U-turn and it makes a Pullback.
It tested the previous Resistance (now it is a Support) and continues higher.
What you can use to predict the Retest is over:
- use the 20MA
In a strong Trend the 20MA is often the key level many traders are watching.
So if you notice that the market and the 20MA are far away from each other, than wait for a Retest.
If both are touching each other, the market often continues higher.
- use false breakouts
If you notice that the Support gets broken and fastly comes back, this is a sign that bullish power exists.
Buy the False Break.
- use other indicators
It is also possible to trade it with Bollinger Bands or Parabolic SAR...
The long Retest
As you can see in the third example of the chart, the market broke out and immediatly retests the trendline.
Then it moved very long on the other side of the trendline and finally moves further.
If you zoom in, you can notice a little Trendline which gets broken.
This could serve as an Entry Trigger.
Watch out for other sorts
These Retests can - as every pattern in trading - come up in every kind.
You have to watch it yourself!
In the chart of USDCAD we highlighted three (potentially four) Examples of the Retest.
We hope that we helped you with this idea.
Please like, follow and comment!
Thanks and successful Trading :)!
Bitcoin - What is GAP?You may have noticed that I often use the word GAP, after many questions about what it is. I thought I'd tell you.
What is GAP?
If translated verbatim, a GAP (GAP) is a gap, the difference between quotes on Friday and the opening of the market on Monday. And if the difference between the closing price on Friday and the opening on Monday is significant, then a jump will occur. That is, the price is noticeably higher or lower than the price that was on Friday and it is clearly visible on the chart, as in the example below:
We can see that the closing price on Friday was about $9295 and the opening price on Monday was $9705. That is about 410 points higher than the closing price on Friday:
And this gap, which is formed between the market close price on Friday and the opening price on Monday, is called the GAP. Naturally, a GAP is not always formed. On average, it can be seen once a month and is more common in Forex and stock markets. Sometimes more often, sometimes less often, but the fact is that GAPs happen and you can make money on them.
Why do GAPs happen?
GAPs occur because during the time when the market is not active, namely over the weekend, a certain number of sell and buy orders are accumulated. And when the market opens on the night from Sunday to Monday, these very orders collapse and create a jump, as we saw on the chart earlier.
Of course, this does not always happen, but only when there is a significant advantage in Buy or Sell orders accumulated over the weekend. Market makers see a huge number of Buy or Sell orders and, accordingly, we see the price visually above or below the market close values on Friday.
As for the crypt currency: the futures market does not work over the weekend, while the crypt currency exchanges work 24/7, the price during the weekend can be called.
It is worth noting one important point. As a rule, GAPs tend to close.
Let us consider an example:
Why do GAPs tend to close?
The fact is that when the market opens significantly higher or significantly lower than Friday's price, then many orders are activated, many pending orders to buy or sell. Naturally, the stops of these orders are located near the Friday closing price. And thus market makers try to knock out the stops of those guys whose orders have worked at the opening of the market and take their money for themselves.
After the gap was closed, the market can go absolutely in any direction. There are no special regularities here. In general, the gap tends to close, but sometimes it happens that there is a jump in opening prices on Monday, and it continues. It happens only when there is a strong trend movement or some fundamental factors come into play. For example, something could have happened in the economy over the weekend. That is, there is a tendency to close, but not always. You should keep that in mind!
The probability of closing the gap is ≈ 70%
Push ❤️ if you think this is a useful idea!
Thanks for your support!
Micro-trend exploitationI share a lessons learned with small time frame trend exploitation. Note that not because it's a small timeframe means it's insignificant. Small trends run for many hours and can accrue hundreds of points, as I show.
This methodology is specifically about trend following. It requires practice preferably on demo or paper accounts, in order to acquire skill.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
EDUCATION + WORK Harmonious pattern ABCD + "Three movements" BATI wrote a series of articles on harmonious patterns. On the coin, which I trade from time to time for about two years, a harmonious ABCD pattern is now formed. I decided to publish the information here on the site. I combined a teaching idea with a trading one. Immediately I showed the options for working on a coin, so as not to spam trading ideas and spend time on it. Below I will describe in detail. First, on working on the tool, and then below I will give a little training material. I’ll cut the text as much as possible, as I understand that people don’t want to read a lot of text, for some people this is an overwhelming task)))).
On the chart itself, I showed potential movements depending on the retention / breakout of local support / resistance levels.
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1 work option.
The price has almost reached point D, which could become a potential pivot point in this local movement.
ABCD is nothing more than part of the movement in the channel. Channel width 100%. Therefore, in case of confirmation of point D and a price reversal, the potential first profit is + 100%. If this happens, then the ABCD pattern is reorganized into a harmonious pattern of "Three movements." I have shown the areas of potential reversal and observation on this chart.
2 option work.
A variant of work if the ABCD pattern is not confirmed and point D does not become a price reversal zone. The formation of a triple bottom. Pivoting bullish shape.
The downward stopping zone I showed on the chart. I doubt that it will be pierced, how this will ruin the canvas for the work of the "artist" in the future.
To an important zone of resistance and confirmation of this figure + 100%
Full working out of the figure triple bottom + 300%.
Option 3 (unlikely)
If the price breaks through the support zone (green area) and is fixed in a downward movement below it. Then you should forget about trading this cryptocurrency and "turn gray on the fence" until a good entry point appears. But even in such a situation, when they will do a "trick", you can partially take the movement + 40%.
Note that in any movement options with the correct entry points (reversal zones), the risk is minimal, the profit is maximum, both locally in movements, and is possible when the trend develops and in the global one.
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The previous trading idea for this coin in this pair, which gave + 40%.
Actually now, as in the global price forms a symmetrical triangle , this downward movement is nothing more than a pullback after breaking the triangle up.
The result after a while + 40%.
The same coin is only a trade for bitcoin .
BAT / BTC Fractal 2019. History repeats itself. Potential + 180%
And the result is + 40% and now rollback.
Notice, everything goes according to the fractal plan.
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LEARNING MATERIAL on the theme of harmonious patterns ABCD and "Three movements".
1) ABCD pattern .
This is the simplest version of a harmonious pattern. Nevertheless, the figure is an important brick on the way to understanding the principles of constructing harmonic figures and, moreover, is part of most of them.
ABCD is a reversal pattern foreshadowing a change in market trends. That is, the figure helps to predict when the price ends the growth and prepares to fall, or vice versa, completes the fall and prepares for growth. A key feature of the pattern is the symmetry of the AB and CD knees.
The figure begins with a rise or fall in price on the segment AB. The BC segment is usually a sharp correction, the size of which should fit in 38.2% - 88.6% of AB. Ideally, the size of the correction should be from 61.8% to 78.6%.
At point C, the price reverses and continues to move parallel to segment AB. In this case, point D should be in the range of 113% - 261.8% of the knee BC .
The main rule is to observe the symmetry of the pattern. Ideally, the length of the elbow CD should be fully consistent with the length AB. That is, it means matching both in time and in price.
Rules for trading a pattern:
1) The length AB should correspond to the length of the CD.
2) The time it took for the price to go from point A to B should be similar to the time from C to D.
This harmonious ABCD pattern has two varieties:
1) Bearish pattern .
2) Bullish pattern .
Bearish ABCD pattern gives a sell signal.
Bullish pattern ABCD gives a buy signal.
TNT / USD 1 day. Harmonious bearish pattern ABCD .
ETH / USD 1 day. Harmonious bullish ABCD pattern.
In real trading on the market, there are a variety of variations of this pattern. But, it’s a good rule to observe the corresponding sizes of AB and CD corrections, since it is much more difficult to trade an asymmetric pattern. Asymmetric, incomprehensible patterns are better to skip.
If I trade such formations, then without a Fibonacci grid, I do not need it. I already see what she has to show. In most cases, this is a working analysis tool and at the beginning of your analysis you should use a Fibonacci grid.
In trading these formations, I use strong support / resistance levels, the symmetry of this formation and healthy logic in the calculations. Tradingview has a template for this harmonious ABCD pattern and the "three movements" pattern. This simplifies the work and makes it possible to quickly search for this formation on the chart.
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2) Model of the pattern "Three movements".
The Three Movement model is a fairly well-known pattern. Its analogues can be found in wave analysis (diagonal triangle) and the book of Linda Raschke (three Indians). It is very reminiscent of ABCD , as if a continuation of this formation. This is a price movement in an upward or downward channel . In the framework of harmonious trading, we consider this model taking into account the Fibonacci ratios.
In the classic version of the "Three Movements" pattern, it is provided that movements 2 and 3 complete on projections 1.27 or 1.618. Correction of movements 1 and 2 - at the levels of 0.618 or 0.786. In the real market, models with ideal proportions are quite rare. Therefore, if you want to really earn money, get used to the fact that book "idealized" patterns in the real market are very rare. You need to be able to trade what is, and not what you want.
This model has a greater predictive property if it is in the expected end of the trend. Typically, the formation of the “Three Movements” is a signal that the market already does not have enough strength to continue the trend and perhaps the beginning of at least a correction.
This harmonious Three Movement pattern has two varieties:
1) Bearish pattern .
2) Bullish pattern .
LTC / USD 1 day. Harmonious bearish pattern "Three movements" ( ascending channel ).
In the example, we see that the upward trend price has broken, which triggered a trend reversal.
ETH / USD 1 day. Harmonious bullish pattern "Three movements" ( downward channel ).
As we see, the next correction wave reached the resistance line of the downward channel . The target is taken.
Learn to “predict” a more likely future. Always have different options for your work in a given situation. Work according to the basic plan, based on the situation that is being implemented.
In order to trade in a market in which the deposits of most traders are destroyed, you must have vast experience, and be a whole head taller for the rest.
Identifying supply & demand zone for swing tradingIn this video, I am going to how you how to identify supply and demand zone as support and resistance levels for swing trading, as a continuation of my previous video - identifying support and resistance for swing trading video. Feel free to watch below if you haven't done so:
There is one key factor that I pay attention to, which is the price spread. I would like to see big spread bar where the price accelerates to the upside or to the downside. If we have access to the volume, we will generally see high volume for those supply or demand bars. Those big spread bars will form the supply or demand zone.
Pattern Triangle - How to find? how to use in a right way?Triangle is one of the most populat pattern. A lot of traders are trying to use, but mostly thay can not find it, or are drowing it in a wrong way. In this video I am searching patterns with you and also will give you most important principals for trading with it.
Double MA ChannelsSimple strategy using 2 Simple Moving Averages channels, Momentum and ADX with Directional Movement
First Channel:
70, High
70, Low
70, Close
Second Channel:
144, High
144, Low
144, Close
Momentum: 34
ADX: 14, 20
To use this strategy please refer to link related to previous post.
The SMA 144 channel is used to determine the strength of a trend. Kind of like Bollinger Bands, the 144 will move farther or closer to the 70 depending on the strength of the trend. It's goo to tell you if you have incoming consolidation.