Are you struggling with understanding directional bias and how to plan your trades out?
"Eff me dead and bury me pregnant" you say, "how does he know that?"
Well, read on for a handy dandy pick me up if you've had a directionally biased arse whooping recently
Here's you:
- You've scanned a chart for donkey's years
- A you beaut entry is determined by thou
- Your arse is clenching as you squeeze the buy or sell trigger
- You think to yourself: This will be the move that establishes you as a trader...!
....and you get stopped out.
But why? Is this a contunuing trend that you find your self in?
How about you read the 7th word in this particular tweet.
"Trend".
You know the cliche saying - "The trend is your friend"
It's so true though.
We have a saying in Aus - "Pushing shit up a hill"
It translates to literally going against the grain.
You can push shit up a hill, but it's just not effective.
So if you're a new trader and learning the ropes, why not go with the flow?
Here is the simplest trick that I can share with you:
Fire up the 50 & 180 EMA's and, if you're a low time frame trader, then assess the 1H trend for a 15M entry for example
When the 50 is under the 180 EMA, then the trend is bearish, and vice versa
Then use your fibs for entry as we've studied.
In this case, look how many entries you can make.
There is 9R right here. You would have lost a couple along the way of course, but that's trading.
Not long after the last trade shown, you can see that the EMA's cross again, and you're off like grandma's undies and more bullish than Verstappen jacked up on his sponsors goods.
These trades are there for the taking.... Every. Day.
You've got to keep it simple sometimes when you're learning and although you aspire to be a TA wizard like @johnnie_jacks, or a PA legend like @RektProof, a jack of all trades like @EmperorBTC, or a momentum trader like @ColdBloodShill, you've got to start with the small wins
Thanks for reading, and if you found this little diddy helpful, we'll be sharing tips and tricks like this in depth in our mentor group when she's live and kicking.
If you're keen & would like to see more, please head to the below form to register
Quick breakdown on a possible $SOL trade, with some method behind the madness, true PA style only
Price action and price action concepts work in any market for any #Crypto or #cryptocurrency, or anything from forex to stocks.
Lets start on the 1H chart to get an idea:
We can see that we can define a range from MS that has formed after the impulse move upwards
From the initial impulse move outside of the range, we can leave this as a buyside liquidity target.
We see price sweep range high, and then range lows in its search for liquidity
Price hits the initial liquidity target and then, naturally, seeks the next liquidity target of the previous range lows where participants would have stored their stop losses
Hi guys, are you keen to take a quick look at $FTM chart, where we show how price is fractal in nature? Remember the BTC 5M scalps I've been sharing? (Check the similarities)
If so, read on:
The same is true for $BTC, $ETH, $FTT, $LUNA, $SOL, $SHIB, you name it
Looking on the 4H chart, let's observe a key item:
There is a Market Structure Break that causes a shift in market structure
We can also set an objective for price to head to based on the liquidity of an untested low
And what about understanding the next price move up?
See the detail on the chart:
- Retest of the bearish orderblock
- Sell off encountered
- Boom
- We've now got a range to play with
The past months have been amazing & we've been blown away by how many people have DM'd us for direct mentoring services
Proud to say that @C_ompounding and I are announcing that we are bringing you a Discord Mentoring Group to help you become a consistently profitable trader
We want to be upfront and honest in saying that there is a tiered charge for the mentor group.
We know that may not sit well with some, but to frame it, we are available 6-7 days a week in the server, and this is a task that we are putting our hearts and souls into for you all
This is not only to build you up as a trader, but also those around you as a supportive and strong community.
We want to be clear in saying that this is not a pump and dump group, but rather, we will be providing a full educational course with guidance and mentoring.
Setting up our range fibs, we can utilise some market structure that is now established
You can see that price is drawn to where the liquidity lies.
Here you can see that price consumes the sell side liquidity just below the range low, and then is drawn up to the buy side liquidity at the range high.
Then we add fibs to suit the move on the 1H TF (15M TF shown here though)
As we see how price is playing out, we pull our target fibs on the recent swing low to swing high, and see that the 0.705 level of the target fibs lines up nicely with the 0.236 1H HTF fibs