10% SL on this trade... Learn to position size!

Quick thread:

Leverage doesn't really matter. You will lose based on how much % price moves. How much you lose depends on the size of your trade.

If you take 1000 usdt trade, you lose 10 usdt for every 1% price moves

(1)

https://twitter.com/CryptoNoan/status/1531724768902545408

You must work out how much you can afford to lose in a trade. We will call this 'risked amount'. You work out where your stop loss (SL) will be.

Position size=
(Risked amount ÷ SL) x 100

Put your figures into that calculation.

(2)

Hope you paid attention...

OB: The Next Step

Back to LUNA, and here I have identified a supply OB that follows the rules and cleared liquidity

(1)

https://twitter.com/FVGWizards/status/1520175353024634881

The problem with this OB is that its a huge range...

Where to possibly take up an entry?

(2)

#cryptotrading

Lets do a little thread on understanding how to identify viable order blocks

For this you will first understand these terms, which I will explain:

- FVG
- Mitigated
- Impulse

(1) What is an FVG?

An FVG is a fair value gap, otherwise known as liquidity gaps/imbalances.

Simply put, this is a gap in price where wicks dont meet either side of a candle.

If price is moving down when created, this is a bearish FVG, price moving up is a bullish FVG

(2)

Here is a little thread on how I use @CryptoNoan 's strategy.

1. I don't trade every single time a channel breaks.

2. I figure where I would get out of the trade

3. Find confluence for that trade

(1) Here I have identified a channel on #API3 on the 4H timeframe. In this case, I have also marked the local highest close, as well as 4H supply/demand

(2)