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GALA - THE GOLDEN BOX🎁Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ This is Gala’s accumulation phase. This consolidation started 4th March, 2022. Price has been ranging within $0.21 & $0.24. Inside this golden box, we have smaller boxes too. One special feature of Gala is that after it consolidates, it breaks out and pump hard. Here is how the first gala consolidation turned out Therefore, after a successful breakout from this golden box, I expect a great pump to gala all time high at $0.84 and above it. What do you think? Share your opinion in the comment section✍️ You can also demand for analysis of your preferred coin Follow me stay updated about this coin and more helpful projects like this🎁 Happy Trading💰🥳🤗
by PetrockFxTrading
2
💥UPDATE - HERE IS WHY BITCOIN WILL DROP TO $15,000😬Please support this idea with a LIKE👍 Not a financial advice🙅🏼‍♂️ My bias is based on the fact that after a particular region has been serving as a reliable support for a very long time as seen here, it will become weak and price will eventually break it and hit a low. Extreme fear will set in, then price will take off for a new high. This idea is based on historical price movement on the chart. This idea is a speculation, not an affirmation. Before you criticize, read my reasons here👇👇 If you study the chart closely, you will notice that in DEC’2017 , Bitcoin price hit an all time high at $19,000 . Then it started to drop. Price was falling from DEC’2017 - OCT’2018 with $6,000 price serving as a reliable support. Unfortunately, the controversies between Bitcoin Cash developers in 2018 and some other factors made Bitcoin break the major support level at $6,000 in November'2018 . Then price dropped from this support level breakout from $6,000 to $3,200 Then Bitcoin price spiked from $3200 to another high at $14,000 in JUN’2017 Then price kept falling from this high in a descending channel pattern. Then later broke the support region which made Bitcoin price crash from $7,400 to $3,800 in March’2018 . This Bitcoin crash was caused by the COVID’19 outbreak. Then surprisingly, Bitcoin spiked from $3800 to a new ATH at $64,700 in APRIL’2021 Then price dropped to a new region which became a reliable support for Bitcoin at $29,000 - $31,000. Price has tested this zone 3-4 times. Therefore, I expect Bitcoin to test this region again and break it. As indicated on the chart, each time bitcoin break the support region, it falls by 47% - 49%. Therefore, I expect a crash by 47% from the $29,000 - $31,000 support region to $15,000 - $16,000 region. Also, a major/global crisis is always the determinant factor that influence the support region breakout. In 2018, it was influenced by the Bitcoin Cash developers disagreement. In 2020, it was influenced by the coronavirus outbreak. For 2022, the support region is yet to break . Which crisis did you think will break this support region? Share your opinion in the comment section✍️ You can also demand for analysis of your preferred coin Follow me stay updated about this coin and more helpful projects like this🎁 Happy Trading💰🥳🤗
Short
by PetrockFxTrading
14
💥FANTOM BULLISH CONFIRMATION🚀Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ As I said in my last post here👇 I said we need price to reject the lower trendline first before trending up to the upper trendline. I also gave entry prices for investors to go in. Price respected the lower trendline and it’s in an uptrend already. This idea will be invalid once price break the lower trendline downward. What do you think? Share your opinion in the comment section✍️ You can also demand for analysis of your preferred coin Follow me stay updated about this coin and more helpful projects like this🎁 Happy Trading💰🥳🤗
Long
by PetrockFxTrading
2
💥ALPINE BEARISH SIGNAL- TO FALL TO $5Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ We have 4 triangles on this chart. The biggest one is a symmetrical triangle. The current triangle which is a descending triangle has a symmetrical triangle within it. Alpine price is weak at the moment. The inner trendline is serving as support here. Once price break it, I expect a fall to $5. Price can visit $6.40 before falling to $5 too. But the chart is bearish right now. What do you think? Share your opinion in the comment section✍️ You can also demand for analysis of your preferred coin Follow me stay updated about this coin and more helpful projects like this🎁 Happy Trading💰🥳🤗
Short
by PetrockFxTrading
17
Market Structure ExampleThis Is Just A Schematic Showing The Types Of Trends (RETAIL TRADING) Here's The Schematic In The URL Below : The Schematic Shows Components Of An Uptrend The Schematic Shows Components Of An Downtrend The Schematic Shows Components Of An Sideways trend (Consolidation) Patterns Of The Uptrend > Uptrend Channel Pattern Of The Downtrend > Downtrend Channel I Hope This Schematic Will Be Of Help To You. DISCLAIMER : Before using this Tradingview account setups, please make sure that you note the following important information: Do Your Own Research ( DYOR ) Our content is intended to be used and must be used for information and education purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. No Investment Advice Our Tradingview account is a financial data and news portal, discussion forum and content aggregator. Circle Forex Institution is not a broker/dealer, we are not an investment advisor, we have no access to non-public information about publicly traded companies, and this is not a place for the giving or receiving of financial advice, advice concerning investment decisions or tax or legal advice. We are not regulated by the Financial Services Authority. We are an educational forum for analysing, learning & discussing general and generic information related to stocks, investments and strategies. No content on the site constitutes - or should be understood as constituting - a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in our site content. We do not provide personalised recommendations or views as to whether a stock or investment approach is suited to the financial needs of a specific individual. This Is Just A Schematic Showing The Types Of Trends (RETAIL TRADING)
Education
by Prof_Invests_ZA
💥SLP - ANOTHER CHANCE TO MAKE 50% - 60%Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ The short term target still remain $0.0470 and $0.0500. Did you make profit from my last post on SLP? In my last post I gave a signal to pick a long position at the provided BUY AREA Price is still within this buy area and hasn’t hit the stop loss given. If you missed the last signal and still want to hop in on this, you can go in here. SLPUSD BUY POSITION Buy within - $0.0285 - $0.0335 Stop loss - $0.0255 Take profit 1 - $0.047 (60% ROI ) Take profit 2 - $0. 05 (70% ROI ) Risk - 10% We had a false breakout from the resistance zone as indicated on the chart which led price back into the buy zone. Slp may dwell in the buy zone before rising again and it can shoot out very fast. What do you think? Share your opinion in the comment section✍️ Follow me stay updated about this coin and more helpful projects like this🎁 Happy Trading💰🥳🤗
Long
by PetrockFxTrading
20
The Power of using NPOCS on your Charts BTC/USDA Naked Point of Control is an untested point of control which is either time based or volume based and exists in the current market structure. These NPOCS can serve as excellent targets for trades as well as potential areas of support and resistance dependent upon the NPOC's profile distribution. I have marked this Bitcoin Chart with Daily , Weekly and Monthly NPOCs and using the boxes I have demonstrated how powerful NPOCS can be when incorporated into a trading strategy for Scalps Daytrades and Swing setups. I use NPOCS with other confluences mainly Fib levels and order flow and the respect for these levels is well worth noting . I hope this information helps you define a strategy for your trading as utilizing these correctly will boost your ROI. Whatever the case thanks for viewing my work and be sure to like and follow .
BYBIT:BTCUSD.PEducation
by SJTRADESFUTURES
15
💥Major Tradingview Tools & their UsesPlease support this idea with a LIKE👍 if you find it useful🥳 Geometric shapes 1. Triangle Tool This is a simple drawing tool used to draw triangles on the chart. It is used to determine if a price will continue to move in a required direction or reverse. This tool can be used to draw a falling wedge pattern, an ascending or descending triangle, and a symmetrical triangle. 2. Curve This is U shaped tool used to connect a price trend. This tool is mainly used to the cup and handle pattern. 3. Path This tool is used to highlight a possible trend to move from a particular price to another. 4. Rectangle This tool is used to find draw out demand and supply zones. Annotation Tool 5. Text The text tool is used to write a word or group of words on the chart. 6. Tweet This tool is used to insert a tweet or message on the chart. It is done by copying & pasting the tweet link on the chart for it to display. 7. Callout This tool is used to identify a particular area on the chart and give a name or price of information on it. 8. Price note Used to signal out a particular price on the chart. 9. Price label Used to indicate a price zone on the chart. Measurement Tools 10. Trendline This is a measurement tool in Tradingview that is used to connect highs and lows in an uptrend or downtrend. 11. The Arrow Tool This tool is used to point out the direction to which price will go either up or down 12. Parallel channel This tool is used to detect an uptrend or a downtrend by connecting the Higher Highs (HH), Lower Highs (LH), Higher Lows (HL), and Lower Lows (LL). Prediction & Measurement Tool 13. Long Position This tool is used to signal out a long trade where the entry price, stop loss, and take profit price is used to calculate the potential risk to return ratio. 14. Short Position This is a tool that is used to predict a short move where the red box is the risk and the green part is the potential return. 15. Price Range This is a prediction tool is used to calculate the percentage increase or decrease of a particular coin or currency pair from a particular entry price to an exit price. 16. Date and Price Range This tool is used to determine the number of days, weeks, month and the percentage increase or decrease it took a coin or currency pair to move from a particular entry price to an exit price. 17. Forecast This tool is similar to date and price range. It is used to determine if a move in a long or short position from an entry to an exit price is a success or failure. What do you think? Share your opinion in the comment section✍️ Follow me stay updated about more educating content like this Happy Trading💰🥳🤗
Long
by PetrockFxTrading
12
💥SLP - TO PUMP BY 60% TO 70% TO $0.05Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ SLPUSD BUY POSITION Buy within - $0.0285 - $0.0335 Stop loss - $0.0260 Take profit 1 - $0.047 (60% ROI) Take profit 2 - $0.05 (70% ROI) Risk - 10% ⚡️Use proper risk management Right here is my idea on slpusdt. I expect a pullback to $0.0290 before another leg up to $0.05. The Best Buy zone is before the resistance breakout which is between $0.0285 and $0.0335. What do you think? Share your opinion in the comment section✍️ Follow me to receive more updates on SMOOTH LOVE POTION (SLPUSDT) 🤗 Happy Trading💰🥳🤗
Long
by PetrockFxTrading
29
💥NAKAMOTO GAMES - WHAT TO EXPECT🤔Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ A rise to $1.13 or a fall to $0.60. Market is indecisive right now. It’s currently approaching a resistance ahead @ $0.864. A successful upward breakout from this resistance will take price to $1.13 and $1.18. But if price is unable to break the resistance and it reverses, it will fall to $0.60. What do you think? Share your opinion in the comment section✍️ Follow me stay updated about this coin and more helpful projects like this🎁 Happy Trading💰🥳🤗
Long
by PetrockFxTrading
3
SHIBA CUP & HANDLE- TO RISE BY 300% TO $0.0001Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ As highlighted on this chart, we have a cup and handle pattern formation on this chart followed by a falling wedge pattern that reflection the correction that happened. Another confirmation right here is that price broke out of the falling wedge and it’s in a new trend to the upside. What do you think? Share your opinion in the comment section✍️ Follow me to receive more updates on SHIBA INU (SHIBUSDT ) 🤗 Happy Trading💰🥳🤗
Long
by PetrockFxTrading
💥CARDANO BREAKOUT - TARGET AT $1.310Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ Cardano Signal - Buy/long Entry zone - $1.17 - $1.19 Stop loss - $1.135 1st take profit - $1.30 2nd take profit - $1.310 Leverage - 5x - 7x In my last post on Cardano, price was at the resistance and I was expecting either a breakout from it or a drop to support. Price broke out of the resistance and the consolidation zone and it’s heading to the next resistance ahead. Therefore, my next target for Cardano is $1.310 What do you think? Share your opinion in the comment section✍️ Follow me to receive more updates on CARDANO(ADAUSDT ) 🤗 Happy Trading💰🥳🤗
Long
by PetrockFxTrading
2
Is the BTC correction over ???Hello dear friends Is the BTC correction over ??? If I want to answer this question honestly, I have to say no yet In addition to the technical reasons presented in the chart, these cases also had an impact on my response 1.An examination of the data within the network shows that the big wallets not only did not take action against the main crawler in the last few days, but were also somewhat of a seller. 2.If we look at the current wave of downtrend, we find that the rise in prices in the last few days is most likely a correction of wave 4 of the current downtrend, so I expect wave 5 to start in a downward direction soon. 3.According to the correction wave rules, the recent price increase is in the form of a three-wave ABC, which reinforces the high probability. 4.The PRZ range marked by the intersection of the 200-day moving average + Fibo 0.618 + the valid dynamic trend line creates a high-pressure zone that can withstand severe downward price volatility. 5.The negative latent divergence shown in the chart can be very strong due to its location in the sales saturation zone. ******Appropriate entry points for supports and resistances according to the chart******* If you like this idea, Please Follow me and do not forget that your likes and comments are very important Thanks dear friends. Be generous and rich.
INDEX:BTCUSDShort
by EhsanMalekII
Demystifying a Fakeout ; Fake Breakout ; Wyckoff Theory / EURCADIn this Analysis I break-down what everyone knows and hates most. The Fakeout. The fakeout is simple. I hope this conveyed in the Chart. 1. We are in a Range 2. We closed outside the Range, we get candle closure confirmation. The 3 C's. 3. Shortly after we print candles back inside the range, closing strongly 4. At this stage you can wait for a retest of the bottom of the range (like me) or you can just place an entry right then .. because the Fakeout structure has initiated at this point Thoughts on where we are going form here anyone? I'm Looking to 148 for swing trading. We must stay above 146 now since we closed above this zone on Friday's NFP day.
Long
by ShrewdCatfx
The 12 Tasks Of Trading12 tasks of trading which include: 1. Self-analysis to determine if you are in a state of mind to trade Prior to starting your trading day, it is very important to make sure you are in the correct state of mind to trade. You need to analyse yourself and make sure you are at the best state of mind to avoid mistakes in the markets. You cannot finish fighting with a friend, spouse, or colleague and expect to make great analytical decisions. Therefore, the first and most important step, is always making sure your mind is clear and at its best. 2. Mental rehearsal to avoid mistakes The second step includes you rehearsing your set of rules and making sure you are going to strictly stick by them. This will allow you to avoid many mistakes in the markets and in your day. 3. Daily focus to lead you towards your goal It is very important to have goals, but specifically daily goals. You need to determine what your goals are for the day including the pairs you are looking at, the times you will be trading, your risk management, and what you aim at gaining from the markets that day. Once goals are met, it is important to step back and wait until the next day to trade. 4. Developing your own style of a low risk idea. For students of Opes Trading Group, low risk ideas and strategies are all taught to them during the course. It is important for every trader to develop their own ideas and strategies that are low risk in order to always protect their capital. Capital preservation is the most important rule of forex trading. 5. Stalking the charts starting from high to low time frames Looking at the charts from the higher to the lower time frames allows you to be able to see the bigger picture before looking right in. if you started looking from the lower time frames, you could have a wrong picture painted for you as to where the price could be heading. You cannot see the bigger picture if you are standing too close to something, it is the same concept on the charts. 6. Action requiring commitment and not thought Once a trade and an idea has been analized, it is important not to second guess yourself and take the trade. Do not second guess yourself if you believe in yourself and your trades. 7. Monitoring the trade to keep the risk low Always keep your eyes on your trades. Now that doesn’t necessarily mean you need to be glued to your charts, but check them every once in a while, and at important candle closure to make sure they are still playing out the way you expect them to. 8. Aborting is the trade is not going well If a trade does not go as planned (and the reality is some won’t), it is important to cut your losses if the trade is clearly not going to recover. There is no reason to hold on to a losing trade if there is no reason for it to recover. 9. Taking profits when the reason for the trade has ended A take profit is placed for a reason, however sometimes the reasons end before the take profit has been reached, meaning it is very important to close the trade even if it means closing it early. Never become attached to a trade that you chase the take profit only to find yourself back at 0 or even in negative. 10. A daily review to monitor and prevent future mistakes At the end of every day, all the trades taken should be reviewed. This will allow you to see what you are doing right, and what you are doing wrong. This will give you a good indication for what is needed for future trades. 11. Being grateful for what went well Something so many people pay no attention to and ignore is gratefulness. Any positive day in the markets, is a great day! Be grateful for all that goes right, no matter how small the profits might be, because 90% of traders lost that day. 12. A periodic review to make sure everything is still working well Every quarter it is recommended that you review your whole trading system. As the markets change, we need to be able to change and adapt with them, therefore a periodic review will allow you to know if things that are working still are or aren’t.
COINBASE:ETHUSDEducation
by opes_trading_group
4
An introduction to the MACD indicatorHere is my quick and dirty introduction/explanation of what the Moving Average Convergence Divergence (MACD) indicator………… indicates. The Moving Average Convergence Divergence (MACD) is a trend following momentum indicator that follows the intimate relationship between a 12-Period EMA and a 26-Period EMA on a price chart in whatever timeframe you are in. The MACD indicator is made up of 6 parts, the MACD Line, the Signal Line, the Histogram, the 0.00 Base Line, the Positive Zone and the Negative Zone. As default, the MACD Line is calculated by subtracting the value of a 26-Period EMA from the value of a 12-Period EMA on your chart to give you your MACD Line value. The MACD indicator will give a MACD Line value in whatever timeframe you are in. The Signal Line is a 9-Period EMA of the MACD Line and is used with the MACD Line to generate/trigger Buy and Sell Signals. If the MACD Line crosses ABOVE the Signal Line, that is considered a Buy Signal. If the MACD Line crosses BELOW the Signal Line, that is considered a Sell Signal. Note that Buy and Sell Signals can be generated in both the Positive and Negative Zones The Histogram is a graphical representation of the distance between the MACD Line and the Signal Line (9-Period EMA). Green Histograms will appear above the 0.00 Base Line when the MACD Line crosses ABOVE the Signal Line. The Green Histograms will Increase in size the further the MACD Line moves upwards & away from its Signal Line. The Green Histogram will also lighten in colour if the MACD Line fails to move higher to create a higher Green Histogram Bar. Red Histograms will appear below the 0.00 Base Line when the MACD Line crosses below the Signal Line. The Red Histograms will increase in size the further the MACD Line moves downwards & away from its Signal Line. The Red Histogram will also lighten in colour if the MACD Line fails to move lower to create a lower Red Histogram Bar. The Positive Zone is the area ABOVE the 0.00 Base Line. If the MACD Line crosses above the 0.00 Base Line, this means that a 12-Period EMA is ABOVE a 26-Period EMA on your price chart in whatever timeframe you are in. So to reiterate, the MACD Line will be ABOVE the 0.00 Base Line when a 12-Period EMA is ABOVE a 26-Period EMA on your price chart. The Negative Zone is the area BELOW the 0.00 Base Line. If the MACD Line crosses below the 0.00 Base Line, this means that a 12-Period EMA is BELOW a 26-Period EMA on your price chart in whatever timeframe you are in. So to reiterate, the MACD Line will be BELOW the 0.00 Base Line when a 12-Period EMA is BELOW a 26-Period EMA on your price chart. Note that the MACD indicator has no upper limit in the Positive Zone and no lower limit in the Negative Zone. The MACD indicator can also be used to show Divergence between the Price and the MACD Line. In a Bullish scenario, if the Price is making Lower Lows and the MACD Line is making Higher Lows then this is potentially Bullish. For a Bearish scenario, if the Price is making Higher Highs and the MACD Line is making Lower Highs then this is potentially Bearish. The MACD indicator can also be used to show Hidden Divergence between the Price and the Histogram. In a Bullish scenario, if the Price is making Higher Lows but the Histogram is making Lower Lows then this is potentially Bullish. For a Bearish scenario, if the Price is making Lower Highs but the Histogram is making Higher Highs then this is potentially Bearish. The MACD can sometimes produce false positive as can be seen here where we have Bullish Divergence with the Price Converging with the MACD Line but no real breakout happened. Note that the MACD Line and Signal Line will be in line with the current Candle Wick in whatever timeframe you are in. The MACD indicator is a lagging indicator but it also has the power to be predictive especially with potential upcoming Buy and Sell signals, divergence and when used with other indicators like Volume, the Ichimoku Cloud, Bollinger Bands, MAs or EMAs, RSI, ADX DI to name but a few as these can help complement the MACD signals to help get a much clearer picture as to what is going on and what may happen on your chart in whatever timeframe you are in, because there is a lot of BS, FUD, FOMO and utter crap out there so a little clarity is always helpful ;-) For me the MACD is a very useful indicator with my trading, so I hope you have found this quick and dirty MACD educational post helpful. Happy trading. Notes: MACD Line = 26-Period EMA Value - 12-Period EMA Value = MACD Line Value Signal Line = 9-Period EMA of the MACD Line. Used with the MACD Line to trigger Buy and Sell Signals Histogram = Distance between the MACD Line and the Signal Line 0.00 Base Line = Crossover point to the Positive Zone and/or Negative Zone Positive Zone = a 12-Period EMA is ABOVE a 26-Period EMA on your price chart Negative Zone = a 12-Period EMA is BELOW a 26-Period EMA on your price chart EMA = Exponential Moving Average.
BITSTAMP:BTCUSDEducation
by TradingThroughTheLens
2
How To Succeed In Your TradingFocus on one single trading strategy One thing that many people try and do is switch between strategies constantly. This is setting you up for failure, and if the concept of probabilities is truly understood, you will comprehend the reasons why a single strategy will work. Any strategy is not going to have a 100% win rate, so first you should attempt at getting 50% of your trades right. After that mastering a 2:1 Reward to risk ratio is what will make you profitable. Trying to juggle many strategies will have you working tirelessly, but not moving forward in any particular one. Less trading, more education Many people have the conception that spending countless hours in front of the screen looking for potential set ups is how it should be, however that is completely wrong in my eyes. I spend minimal time now looking at charts and set ups, I highlight key levels I want to look at, along with alerts, and simply wait for the market to head there. Time spent looking at charts should be simply for education and mastering your strategy through back testing or simply understanding previous data. Approach the market from a neutral position Anyone that knows me knows how big I am on trading psychology and how I believe it is the most important aspect of trading. Emotions in trading can be one of your greatest enemies as it can lead you to failure even after your success. There are scenarios where you can take trades and be in positive which will lead you to feel over confident, happy, and those will ultimately will lead to irrational decisions if you let them. Those emotions will make you believe you are better than the markets, or that you can outsmart them, ultimately leading your successful trade to turn into a failure. The same can happen when you feel the opposite and lack confidence to enter another trade due to a loss, or think have feelings of doubt. This is why the market needs to be approached by a completely neutral position. Once you understand that for every person on one side of a trade, there is someone on the opposite side, you will begin to understand that the market itself is just a whole bunch of neutral information moving in nobody’s favour. Write your goals Affirmations are great and something that has helped me in every aspect of my life and not just trading. It is very important to write down your goals in order to manifest them into reality. All ideas first begin in the mind, and then come into the physical. Your goals need to be solidified, definite, and written down in order for your mind and yourself to know exactly what you are going after. Every single day, you need to read your goals aloud, envision them in your mind with every bit of detail possible in order to bring them into the physical. In order to achieve a goal you need to arrive at the destination first in your mind. Relax There is no need to rush a single thing in your trading journey, and believe me take it from my experience, every time I tried to, I failed. People attend university for years before going out into a career which then takes many years before mastering it, yet people want to master trading in a year. Patience is required in all aspects of trading, whether it’s on the charts themselves, or with your strategy, or with your learning curve. It all requires patience. If you are going after trading as a serious life career which you aim to remain in, then relaxing and taking your time is the first step. Nothing great comes from rushing it, especially the markets. Know how to handle your trades Based on your strategy and the concept of probability there are a number of things needed in order to appropriately handle your trades. Firstly, don’t touch your stop loss. I cant say this enough, but stop losses are determined as the final barrier before the trade is invalid, and they are determine before entering the trade. If you find yourself moving your stop, ask yourself why. You will find out mostly its out of fear of losing your money, which is one of the 4 fears of trading. Accept your loss and let the trade stop out, you had it there for a reason. Also, don’t leave trades behind out of fear. If you have a strategy that you have confidently developed, you should understand that the overall should be a greater number of winners than losers, and you should not leave trades behind out of fear, because they can be the ones that perform the best and make up for the losers. Another thing to have in place is an appropriate strategy for exiting your trades. Many people have trades that are in profit, however due to the lack of knowledge on how to exit their trades, they still end up not profitable. You need to have a system on how to exit your trades appropriately and at what levels. Always remember, the profit running on a trade is not yours until its closed. Risk management Yes, I know you have heard it and read it a thousand times already, but you have no idea how important risk management is until the day you master it and recognise it was the single greatest thing holding you back from success. People can have amazing strategies, the best reward to risk ratios, but with the inappropriate risk management trust me it means absolutely nothing. I have seen people overleverage on a trade simply because it “looked too good” compared to other trades, only for it to be the worst of the bunch. I have seen people lose tremendous amounts of money and one thing I can promise you is not a single one of these people lost 100 trades in a row at 1% a trade. Every single one of them lost their entire accounts due to ONE trade that they married. Risk management should be one of your main areas of focus, because believe me if you have mastered it, even with an average strategy you are doing much better than someone with an exceptional strategy with no adequate risk management. Keep track of your performance The only way to improve in any aspect of life is to first recognise what needs change and then work on it. It is very important to actually understand your positives and negatives and have them all tracked. A journal is one of the first steps in order to look in the mirror. Being completely honest is the only way a journal will work, and lying is only lying to yourself. If you are after serious improvement you need to appropriately identify all your flaws in order to better them. You should never feel down or behind, remember trading the markets is one of the biggest psychological challenges one can face, and that is exactly why not everyone is suited for them. Instead see it as a challenge to better yourself and achieve the perfection and discipline you have always desired on and off the charts. Trading the markets will teach you lessons that you will carry with you throughout your entire life and not just on the trading floor.
COINBASE:BTCUSDEducation
by opes_trading_group
331
💥BEAR SEASON IS OVER - HERE’S WHY🤔Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ Just as I said in my first post on 13th December 2021, I made it a fact that a drop to $35,000 is inevitable. You can check the idea here 👇👇 …where I explained the similarities of this setup to a previous move earlier in 2021. Then later on, I made an update of the forecast here👇👇 …where it eventually hit the target here👇👇 at $34,4000/$35,000 With the price rejection at the lower trendline with a bullish pin bar candle on a daily timeframe, which make it the 3rd support zone on the chart, I expect it to be close of bear season. If price continue with the new bullish move and fails to break the trendline, I expect this last forecast to play out👇👇 What do you think? Share your opinion in the comment section✍️ Follow me to receive more updates on BTCUSD ( BITCOIN ) 🤗 Happy Trading💰🥳🤗
COINBASE:BTCUSDLong
by PetrockFxTrading
💥PSG TOKEN - WHY YOU SHOULD HOLD😋Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ As explained on the chart, psg fan token do through the accumulation phase before a pump and this consolidation takes time (probably a month or two). After the fall to the lower trendline, the first accumulation happened within December 2020 & March 2021… Followed by the second accumulation that happened within May 2022 and July 2021 which took price to a new ATH at $61 Where I predicted a fall back to the current zone. Price is at the current accumulation phase that started in November 2021 and it’s still ongoing. An upward breakout from this consolidation/accumulation phase is expected to take price to a new ATH around $70. What do you think? Share your opinion in the comment section✍️ Follow me to receive more updates on PSGUSDT ( PSG FAN TOKEN ) 🤗 Happy Trading💰🥳🤗
Long
by PetrockFxTrading
7
💥LITECOIN CUP & HANDLE - TO HIT $400, $500, $600 & $700Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ With this cup and handle pattern on Litecoin, I expect a steady growth to the respective prices ahead. Litecoin formed a very big cup pattern, followed by the handle in a triangular pattern. An upward breakout from this triangle will take price upward to the moon. A steady growth. What do you think? Share your opinion in the comment section✍️ Follow me to receive more updates on LTCUSD ( LITECOIN ) 🤗 Happy Trading💰🥳🤗
BINANCE:LTCUSDLong
by PetrockFxTrading
2