DXY - DAILY TIME FRAME VIEW - Q. What is the biggest confusion you have ever had in trading and how did you solve it?
#Financial Markets....
Applying Classical Charts Patterns On The Candlesticks Price Charts:
Ans.
Hey there,
These are one of the most important Patterns which i have replaced the same principles on the charts. we need to apply the same on the price charts. These are found in CANDLESTICK (pricechart). We call them as Classical Chart Patterns and are always seen on any time frame. this shall be in BULLISH OR BEARISH MARKETS the same above image can be reversed for the bearish Markets as well.
The question come is that. how to find and trade them. These are the basic principles and very important principles, that one needs to understand them and also apply them on the price charts. just applying with one particular time frame on the same instrument is not the right methodology.
We need to have this BULLISH patterns, in minimum of 3-4 time frame..... same applies on the BEARISH MARKETS as well. Next I shall be sharing, how these patterns can be traded and will be seen in the in the Price Charts.
Keep Following us for more information.
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
Educationalposts
Elliott Wave DegreesRalph Nelson Elliott acknowledged 9 degrees of waves from the Grand Super Cycle degree which is found in weekly and monthly time frame to the Sub-minute degree which is found in the hourly time frame. He labelled them as below mentioned.
1 Grand Super Cycle
2 Super Cycle
3 Cycle
4 Primary
5 Intermediate
6 Minor
7 Minute
8 Minuette
9 Sub-Minuette
It is a good understanding to start applying a wave count to a market from higher degree to all the way lower degree which you want to trade. you need to first learn about the labeling of wave degrees. Elliott Wave is a very helpful to understand the charts of any assets. the waves from the main degree are subdivided into intermediate waves which also subdivided into minor waves and the minor waves are also subdivided into minutes waves and then to sub-minutte waves, each degree of waves consists of one full cycle of motive and corrective waves. each degree of trend is labelled with a different style of label for a better understanding.
If you want to trade in 4H so then you will look for and count the monthly, weekly and the daily charts is will.
Hope you understand the concept of wave degrees.
AUDJPY Quick, Simple, Easy to Follow Charting AnalysisBreakdown of AUDJPY chart action and possible upcoming moves. Learning guide and will be continuously posting more knowledge. Drop a pair you would like for me to do an analysis on and I will give my professional opinion by the following day.
Ace Trading Academy
GBPUSD - Trapped in a BoxTrapped in a Box - is what I would like to call this.
Price has been consolidating through its support and resistance levels.
Support and Resistance is a simple and most basic framework a trader can understand.
A key fundamental to successful trading is to identify the correct support and resistance levels.
You need to be able to understand your chosen currency pair and know where the certain points are where it may reverse / carry on trending.
EMAMI REALTY LIMITED - WEEKLY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
#STOCK
#EMAMI REALTY LIMITED
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive Moves).
Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
please message us, if you any queries.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your kind support....
Team & Tradelikemee Academy
Risk RewardBINANCE:BTCUSDT
Risk Reward is the ratio of risk of loss of potential profit. Your reward should always be more than losses, look for transactions with RR 1:2, 1:3, 1:4 .... Indeed, in case of failure, the next deal should cover your losses and at a distance this will bring a very good result.
For example: We take $ 1,000 (this is 100% deposit), 100 transactions (50 profit,50 loses) and the minimum RR 1:2, our risk to the transaction 1% loss, and profit 2%.
Let's start with the bad scenario, you made 50 bad deals (the risk of loss for each was 1% or $ 10)
100% deposit -(50 bad transactions*risk 1%) = we get -50% deposit
$ 1000 - (50*10 $) = $ 500
Now we are waiting for a white strip and you have made 50 successful transactions (the risk of loss for each was 1% or $ 10)
Our RR 1:2, which means at the same time our profit from the transaction is $ 20
100% deposit + (50 successful transactions*profit 2%) = we get + 100% deposit
$ 1000 (50*20 $) = 2000 $
Bottom line:
Deposit + 50 profitable transactions - 50 unprofitable transactions = + 50% of the deposit (although we made the same number of both good and bad transactions)
$ 1000 $ 1000 (100%) - $ 500 (50%) = 1500 $
P.S: The example above was given with the constant initial value of the deposit of $ 1000, even after the loss of 50% of the deposit, the risk was taken from the original deposit for a clear simple example. But you must admit that it is almost impossible to make 50 bad transactions in a row.
Risk Management is a risk of loss that you are ready to incur in every deal.
The main rule that you should remember is the risk of no more than 1% of the deposit is not a deal.
Many people think that if the deposit is $ 100, then you can go as it hit, this is not enough, but when there will be a lot of money, then of course I will not do that. But it doesn’t matter how small you have a deposit, because the more it will be, the less you will put the risk of a transaction of 0.2-0.5%.
For example:
You have $ 1000 - this is 100% of the deposit, your risk to the transaction should be no more than 1%, it is $ 10. How to count it correctly? Many simply enter all the money in the deal and close when they have $ 10, this is categorically not correct !!! Before you go into the coin, you need to set a stop-loss (the price of which your transaction will be closed).
So before entering the deal, we must first calculate how much we can buy coins in order to lose only $ 10 when our foot is reached.
Take ETH ($ 1200/1TH)
Deposit: $ 1000
Stop: $ 1100 (when the coin reaches this price, our deal will be closed)
Risk: 1% ($ 10)
Now you need to calculate how many coins we can buy:
Risk 1% / (price ETH is the price of the foot) = the number of coins that we can buy.
10 $ / ($ 1,1100 $) = 0.1 coin.
And only now we understand how much we can go from the deposit with you:
0.1 coin * 1200 price ETH = 120 $ (this is 12% of the deposit).
Bottom line:
1. Pre-Reminance of what to go into the transaction, select where the stop-loss will be (it should not be put at your risk, but where it will not be reached)
2. Now we think how much we can buy coins, so that when reaching the foot we lose only 1% of the deposit.
3. We make our stop-loss
4. We get into the deal
Thanks to these rules, to lose your deposit, you need to make 100 unsuccessful transactions in a row.
Money Management (not to be confused with the market maker) - the correct distribution of personal finances.
It is worth starting with your general finances, do not allocate more for trading than you are willing to lose, make a list divided into 2 columns (income / expense). This way you will be able to understand how much money you have left that you can use beyond basic expenses. Of the remaining amount, it is worth investing no more than 50%, because at any time you can lose all the money.
Let's say you have allocated an amount of $10,000 for investment. There is a huge amount of earnings in the market - spot, futures, farming, sales, etc...
90% of people stop at futures trading, while they believe that their capital is simply not enough for other things.
Then you must understand that:
-20% of your deposit for futures trading will be enough (allows you to open 10 trades).
-20% should be left in USD (any stable you are comfortable with) this is an insurance amount that will definitely come in handy for you.
-50% of the deposit is worth spending on portfolio investment without shoulders and other fuss.
-10% of the deposit is left for participation in sales and auctions, the risk is not more than 5% for 1 project, because you can either get X or lose all the money (there is an opportunity to participate 2 times)
So we distributed your deposit, although initially it seemed to you that it was not enough and were going to trade only futures. At the same time, on futures, you take the risk from the total deposit, and if you suddenly get 20 stops in a row, then you will still have the same 20% in usd (you can also use the stable if you want to open additional positions).
Invest correctly and don't lose your mind, because it doesn't matter if you have $100 or $10,000, if you treat small amounts negligently, then nothing will change with large ones.
Let's talk about the floating variable of your deposit:
You have 10000$ - 100%
-If you lost 3%, take the risk of the original amount, or of the remaining?
-You need to take the risk from the initial amount, set yourself boundaries, for example:
We lost 20%, now we consider the risk of 1% of the balance 8000$ = 80$
Set boundaries for yourself, not to change risk. If you have come to the negative side, you need to take a break and rethink your trading, what are you doing wrong and losing money.
The same system works in the opposite direction, if you have earned 20%, you can switch to risk from the new amount of $12,000, 1%=$120
All your trades must be calculated in %, not in $
In fact, all these numbers should be individual, because many people face a psychological barrier when the amount of risk in $ starts to increase, so you can reduce your risk to 0.5%.
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
* Look at my ideas about interesting altcoins in the related section down below ↓
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How do crypto options contracts affect the market?Hi Friends
Today we will explain the option contracts affect on crypto and other markets.
First lets see whats an option contract?
Options are derivative contracts that entitle the purchaser to buy or sell the connected asset at a predetermined price before the contract expires.
There are two types of options , call and put. The right to buy is known as a ‘call’ option, whereas the right to sell the underlying asset is called a ‘put’ option.
Every options contract comes with a specified expiry date which is the last date for settling the contract.
The price at which the options contract is settled is called the strike price .
This is the price at which the options contract owner is allowed to buy/sell the underlying cryptocurrency.
The price at which an options contract is bought is called the premium .
Now, when would you buy a cryptocurrency? Obviously when it is trading at a price that is lower than it should be,right?
This means that you find it to be undervalued and you expect its price to rise in the future so you can sell higher and make money.
But what if the crypto price fell instead? Wouldn’t it be nice if somebody would still buy the cryptocurrency from you at a higher price?
For that you would require selling rights of the cryptocurrency and you will buy a put option.
Now on the flip side when would you sell a cryptocurrency? Of course, when you think that it is trading at a price higher than it should be.
This means that you find it to be overvalued and expect it to fall from here.
But what if the price of the cryptocurrency rose instead?
You would then want to add more crypto at a lower price and sit on assets that are valued higher than your purchase price.
For this you would need buying rights or a call option.
Since options allow traders the right to buy/sell assets at a predetermined price they shield them from the volatility of the crypto markets.
Moreover the volume of the call or put options in the market signals the direction in which investors expect the markets to move.
More put options indicate that investors expect the markets to fall whereas more call options indicate that investors expect the market to rally.
Now when the option contracts are near their expiration date, large players try to drive the underlying crypto price into a favourable range depending on the option contracts they have purchased. This is done so that the deal can become profitable.
In summary:
Buying a Call (Long) = Bullish -----> you think the crypto will be worth more later so you want to lock in todays price to buy later at a profit.
Selling a Call (Short) = Bearish -----> you think the crypto will be worth less later so you want to lock in todays price to sell later at a profit.
Buying a Put (Short) = Bearish ------> you think the crypto will be worth less later so you want to lock in todays price to sell later at a profit.
Selling a Put (Long) = Bullish --------> you think the crypto will be worth more later so you want to lock in todays price to buy later at a profit.
I hope you enjoy this education please share me your opinions in comments.
thank you all specially @TradingView team
SNOWMAN LOGISTICS WEEKLY TIMEFRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive Moves).
Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
Predict BTC like a PRO- Bump&Run MethodHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Welcome to Charting101, the Bump and Run Method . In today's analysis, I present a 7min MASTERCLASS for speculating enthusiasts. There is an important trendline to watch at the moment - within the next week, watching this trendline will determine whether or not we're ready for a reversal, or if the price will continue to go down for weeks more to come. Watch this quick video and become a better speculator afterwards. Why watch it? Remember the Dunning Kruger Effect :
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We thank you for your support !
CryptoCheck
EURGBP- 120 MINS TIMEFRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive Moves).
Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
ETC - Inverted H&S Pattern on the Line Break ChartHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
In today's analysis, I present an Inverted Head and Shoulders Pattern on ETCUSDT . An inverted H&S is different to an Inverse H&S. Inverse H&S patterns have a straight neckline whilst Inverted H&S have a tilted neckline .
If you noticed something strange about the chart, I have used the uncommon line break chart method. Three-line break charts originated in Japan during the 19th century and it is said that this technique was used in rice trading. This is another old form of charting originating from Japan along with the likes of Renko, Kagi and Heikin-ashi charts. Line-break chart was introduced to the western world by Steve Nison in his book Beyond Candlesticks. I find this really helpful to cancel out the noise and point out a clear trend. The line break chart is different to the candlesticks and as you can see, there are no wicks. Let's take a closer look at how exactly line break charts work. Have a look at image below. These are the closing prices of an asset:
If you connect these closing price and draw the line, it becomes a line chart:
Now, instead of connecting the dots and drawing the line chart, you can connect the two closing prices by drawing boxes:
Lastly, they are filled with Green and Red. If the closing point from one box to the next is higher, the price is bullish, color of the box is green and vice versa- If the closing of the new box is lower than the previous box, the price is bearish color of the box is red:
Now, back to the Ethereum Classic Inverted Head and Shoulders Pattern - I'm using the really helpful Head and Shoulders Pattern tool here on the chart, which you can find in the drobox on the left-hand side. A closer look at how to measure the ultimate target: You measure the height from the head to the neckline, and from the first resistance under the neckline you add that height to give you the estimated target:
Entry rule : Do not enter on a breakout without a close above the neckline . A high number of potential inverted head and shoulders patterns often will be broken only for it to be a fake breakout in the end. When price closes the trading session past the neckline it’s an additional confirmation that it’s a true breakout.
Have a great weekend 🥂. I hope you enjoyed this post today! Please give us a thumbs up 👍
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Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow
We thank you for your support !
CryptoCheck
Trading needs to be treated like a business 🧑💼This is spoken about a lot but what does it mean?
In starting a business you would need funding and a business plan, right?
You would have realistic goals mapped out and be focused on your cashflow.
You wouldn't blow your 'cash' in recruiting too fast, or buying too much stock or spending too much on marketing.
Yet, in trading most don't have a plan. Or focus on protecting their cash.
They also don't think long term in line with their plan.
They over estimate their expectations short term and in doing so mess up what they could achieve long term.
You just wouldn't do this in business right?
No one would open or run a business you knew nothing about.
Most come in to trading thinking this will be easy! It's not and we all come in knowing nothing.
So again would you start any other business with no training or idea?
Most can keep the trading cash flow topped up as we all start out on this journey having another job to fund trading.
There is no such thing as a sure-fire way to make money online. However, if you seriously want to make money out of forex trading it needs treating like a business.
In a lot of ways, being a trader is like being an entrepreneur. It takes more than just knowledge and a killer idea.
It also takes hard work, discipline and mental preparation.
The reason it’s a good idea to treat forex trading like a business is because as a trader, your account is your own business.
Trading isn't about the quick money it's about being consistent.
That consistency comes from having a plan and sticking to it much like you would a business plan.
Treat losses as a cost of business and factor them into the plan.
The business plan for you the trader will be the strategy and risk management you opt to run.
Set realistic targets and goals this will ensure suitability, Much how good businesses set up there own goals and aims for coming year with out being to risky.
If you lack on the knowledge front in certain areas invest in education and training, No successful business neglects training and learning.
Invest in resources that will help your business grow. Yes TradingView is free but having a higher package and more data help me just as an example.
There is no other business in the world like trading where the over heads and start up cost are low, So if paid resources can kick you on to next level factor them in as a cost of business.
Keep treating trading as a hobby and it becomes an expensive one.
Start treating trading as a business with the ethos and cultures applied the same as those of successful businesses and that profit starts to come naturally.
Thanks for taking the time to read my idea.
Hope you all have a good weekend
Darren 👍