often wrong, never false.
education at https://t.co/zK8xP4YHM5
part of @breakoutprop
23 subscribers
Oct 19 • 9 tweets • 5 min read
Bitcoin long trade breakdown.
I don't day trade anymore, but occasionally, I have charts open when doing something else and see a great trade opportunity. I follow the simple principles I used to use when I day traded full-time a few years ago.
Today was one of those days, so here is the complete trade breakdown.
/cont
First of all, the proof of trade, so this is not just a Tradingview R:R tool larping situation.
As always, I took the trade on @_WOO_X; you can see the entry and exit on the first screenshot.
This trade ended up with a profit of about 3.5R
If you are looking for a place to trade, you can check out Woo here:
I generally try not to use the word "alpha" much because I find it extremely cringeworthy when people talk about "alpha" on Twitter, but after trading literally the same thing over and over since January, these have proven to be extremely reliable.
In ranging environments, look for situations when spot order books are heavily skewed on either side (bid at range lows/ask at range highs) and pair it with either an extreme amount of positioning (people about to puke) or a very low amount of positioning (people already puked).
I traded all of these on BTC, ETH and SOL, and of course, fucked up execution on some of them (I went in too early/got shaken out etc.), but we don't disclose that n the internet.
Before you ask, indicators are available at @TRDR_io.
The last SOL trade shared two days ago
Many people are enjoying the trade breakdowns, so here is the full breakdown of the ETH trade I took today.
These go to my journal, but I share them here every once in a while as well.
/cont
When I am day trading, I do not really care about specific timeframes as I think they are not relevant, and the only important thing for me is where the market is trading in the context of the large composite profile.
ETH had a strong directional move into high volume node so as long as it stays inside, I was expecting a slower rotation for the day.
Jan 29 • 9 tweets • 5 min read
Every time I feel like crypto Twitter is a sad and desperate place, and it can't be any worse, I head over to forex/futures Twitter for 10 minutes, and I'm beyond disbelief that it is 2024 and ICT is somehow still the main character with an army of delusional people following him.
At this point, there are a billion variations of ICT/SMT names and strategies. It is pretty hard to keep up, but here you have a little thread on one of the most popular Orderblocks and the actual explanation of why they happen and work in trading.
/cont
Before we go into the thread, I had a stab at this almost 2 years ago on my blog, where I broke down all the popular price action concepts and the logic behind them; you can read it for free here.
There is also a video version for those of you who are lazy.
Detailed guide on finding opportunities in crypto derivatives (and spot) markets
It's been a million years since I have done a thread on this cursed platform, so I figured it would be nice to farm a little bit of engagement for once.
Here is the complete guide on platforms I use to find trades with examples.
The platforms we will talk about today will be @laevitas1 and @MobChartCrypto.
Both of them are free, although, for Laevitas, I recommend you get a premium subscription as it will allow you to use filters and make your life much easier.
For charting the coins use @VeloData, they also have some of their own screeners if you don't fancy paying for laevitas.
(this is not sponsored by any of those platforms)
Oct 12, 2023 • 9 tweets • 4 min read
List of completely free orderflow tools and resources for trading crypto
One of the cool things about crypto is that a lot of stuff is free and opensource, compared to tradfi, where you usually pay hundreds of $ per month.
Here is a thread of some cool things I like.
/Cont
Velo @VeloData
I'm sure everyone knows Velo by now.
The platform is currently completely free, and you can use it to Analyze Open interest, Funding rates, Liquidations and other perpetual data, but also look at options data and specifics of different altcoins.
Sep 3, 2023 • 13 tweets • 4 min read
Something that I tend to get asked a lot is how I pick up the altcoins (read ponzischemes) to trade.
So here is the list of some of the things that I look at during each trading week.
/cont
/thread
/boosing my $15 twitter revenue
1/ Open Interest
Looking at changes of Open interest is a very easy and quick tool to reveal the popular coins.
Some of the best tools for it are @laevitas1 (paid feature gives you access to filters (my favourite), @VeloData or @coinalyzetool.
Aug 12, 2023 • 22 tweets • 6 min read
I liked this tweet yesterday as he described several things that when used properly have ev+ in trading.
I have a bit of time, so let's elaborate a bit on these strategies
/cont
/threademoji
/twitterrevenuefarming
First of all, although these things work more often than not, they rarely work only by themselves.
In other words, all the trades you take should be well thought out and have several factors of confluence rather than looking at one single thing.
Aug 4, 2023 • 8 tweets • 4 min read
I am happy to announce that the indicator I worked on with @leviathancrypto is now live on Tradingview and completely free.
When I talk about legacy markets, I get DMs from crypto people about what exchange I use, and they always end up bringing two crypto CEXes that allow trading forex and legacy markets.
They are PrimeXBT and Bingx, and here is the thread on why you shouldn't trade on them.
/cont
Before we get into another thread from the category of "Reasons why Adam is never getting 6 figure exchange sponsorship".
I don't do this to stir any drama. I just have a little knowledge of how legacy exchanges should work, and I'm tired of answering people 1-by-1.
Jul 1, 2023 • 10 tweets • 4 min read
Rollbit talk again on the timeline with people on the internet that make money buying and selling ponzi schemes arguing about morals of shilling casino.
Here is a quick thread that explains the actual issue of why shlling Rollbit (and other exchanges) is actually bit scummy.… twitter.com/i/web/status/1…
In forex you have two types of brokers with A and B book models.
The A Book gives users DMA (direct market access) which means your orders end up in the real market.
B book models stay in house and brokers trade against their customers, because at the end of the day 80%+ people… https://t.co/qm4W3qvUSAtwitter.com/i/web/status/1…
Jun 18, 2023 • 13 tweets • 5 min read
I see so many ICT/SMC traders pop up on my feed everyday.
One of the main concepts are orderblocks, which are supposed to be the levels that "smart money" use for buying and selling.
let's make a quick thread on these things and why they tend to work.
It is consoildation (last opposite side candle) before market makes a significant move to either upside or downside that breaks the market structure.
Apr 26, 2023 • 9 tweets • 3 min read
welp definitely interesting results on this. Here are some quicks thoughts about each management strategy /cont 1) Not touching the trade - Full SL or TP
This imo can work, if your strategy is 100% systematic and backtested/forward tested enough.
Mar 8, 2023 • 19 tweets • 5 min read
It's been a few weeks now that I have been watching and trading altcoins more closely, roaming around discords, catching up on narratives and so on.
Let me share some tips that are important when it comes to everything.
cont/
1- "Narratives" are really just short-lived fundamental events people like to believe to pump things. Some are more stupid than others.
Never ever get hooked up on something thinking this is the next big thing because the minute you do, it is most likely over.
Mar 7, 2023 • 4 tweets • 3 min read
--- Pinned post, read first ---
All the links are in the next tweets.
Free Blog: tradingriot.com
I was day trading for a long time, taking a lot of round trips every day, but as my account grew, I started focusing more only on a small sum of trades where I could really go in with big confidence.
- Focus only on high-probability stuff
- Cut things that don't work quickly
The curve for the last 3 weeks, shows only BTC and ETH. With alts I don't really have confidence or experience to put any meaningful size
Mar 3, 2023 • 5 tweets • 2 min read
Watching this guy religiously walking down LDO for the past hour or so is pretty brutal.
Usually, they target liqs before the pull but so far, pretty consistent.
got filled, if we get above it, good long
Feb 10, 2023 • 13 tweets • 6 min read
One of the things I get asked about so often is Free trading/markets education resources, so here we go.
This will be somewhat more intermediate list rather than where you can learn fibonacci retracement.
/cont
Of course, gonna start with a shameless plug of my blog, but I do believe that at this point the blog is the best place you can learn for free about discretionary trading, risk management, price action, orderflow, market profile, and many more.