Volume in trading terms is simply the amount of lots that have been traded on a certain pair over a specified time period.
Volume will give you an idea of how many bulls and bears there are in the market and it will also give you an idea of who is in control.
This can be used to our advantage, if you have a setup that you’re unsure about, volume can tell you what everyone else is thinking.
Use volume wisely... remember NOT all traders make money so following the masses is sometimes not the best thing to do.
@CryptoTrades #education #volume #markets #crypto #signals #cryptotradespremium
Volume will give you an idea of how many bulls and bears there are in the market and it will also give you an idea of who is in control.
This can be used to our advantage, if you have a setup that you’re unsure about, volume can tell you what everyone else is thinking.
Use volume wisely... remember NOT all traders make money so following the masses is sometimes not the best thing to do.
@CryptoTrades #education #volume #markets #crypto #signals #cryptotradespremium
As a trader, trading is NOT your only job, you need to be tracking your data.
Without doing this there is no way to improve.
You should all have a trading journal, if your stuck on what to put inside it, then save the info from this post for later.
@CryptoTrades #education #tradingjournal #trackingyourtrades #signals #cryptotradespremium
Without doing this there is no way to improve.
You should all have a trading journal, if your stuck on what to put inside it, then save the info from this post for later.
@CryptoTrades #education #tradingjournal #trackingyourtrades #signals #cryptotradespremium
Patience really is a virtue when it comes to trading.
Sometimes having patience can make or break your trading account!
Here’s a quick tip to help you master full control over your patience, and that is wait for the pullback!
If you can do this, it goes a long way to building a foundation to a successful trader!
@CryptoTrades #education #pullback #patience #knowledge #crypto #signals #cryptotradespremium
Sometimes having patience can make or break your trading account!
Here’s a quick tip to help you master full control over your patience, and that is wait for the pullback!
If you can do this, it goes a long way to building a foundation to a successful trader!
@CryptoTrades #education #pullback #patience #knowledge #crypto #signals #cryptotradespremium
The First 12 Days of Trading.
A little homework for y’all!
@CryptoTrades #education #profits #12days #strategy #signals #cryptotradespremium #winningsignals
A little homework for y’all!
@CryptoTrades #education #profits #12days #strategy #signals #cryptotradespremium #winningsignals
If you see the lines pushing, it means somethings cooking...
When scoping the markets, look out for non-parallel trend lines (wedges) as they produce some great trading opportunities!
They cause the price range to decrease, meaning the price will be bouncing up and down in small areas and will continue getting smaller.
This builds up pressure as the order flow increases, causing explosive moves.
If the trend lines are travelling upwards, look to place sell orders like in the image above, also always wait for the retest after the breakout. If you’re scared of missing the move, utilise a stop order.
We will make a post about stop orders in the next few days!
@CryptoTrades #education #pressureeffect #squeeze #knowledge #crypto #signals #cryptotradespremium
When scoping the markets, look out for non-parallel trend lines (wedges) as they produce some great trading opportunities!
They cause the price range to decrease, meaning the price will be bouncing up and down in small areas and will continue getting smaller.
This builds up pressure as the order flow increases, causing explosive moves.
If the trend lines are travelling upwards, look to place sell orders like in the image above, also always wait for the retest after the breakout. If you’re scared of missing the move, utilise a stop order.
We will make a post about stop orders in the next few days!
@CryptoTrades #education #pressureeffect #squeeze #knowledge #crypto #signals #cryptotradespremium
Do you use stop orders?
If you don’t, give them a try and see if they can fit into your trading plan.
A buy stop can be described as placing an buy order above market price which will be executed once that price has been hit.
A sell stop can be described as placing a sell order below market price which will be executed once that price has been hit.
@CryptoTrades #education #stoporders #knowledge #crypto #signals #cryptotradespremium
If you don’t, give them a try and see if they can fit into your trading plan.
A buy stop can be described as placing an buy order above market price which will be executed once that price has been hit.
A sell stop can be described as placing a sell order below market price which will be executed once that price has been hit.
@CryptoTrades #education #stoporders #knowledge #crypto #signals #cryptotradespremium
Increase your risk reward by following these three techniques.
Of course these are all a part of a bigger picture, but hopefully it helps as a guide.
BTW: This is just personal opinion.:-)
@CryptoTrades #education #risktoreward #cryptotradespremium
Of course these are all a part of a bigger picture, but hopefully it helps as a guide.
BTW: This is just personal opinion.:-)
@CryptoTrades #education #risktoreward #cryptotradespremium
A clean chart is a work of art.
Here’s a few tips to get you creating master pieces.
@CryptoTrades #education #charting #cleanchart #signals #cryptotradespremium
Here’s a few tips to get you creating master pieces.
@CryptoTrades #education #charting #cleanchart #signals #cryptotradespremium
So we see a lot about patterns, and I’ve made similar posts before but I wanted to really focus on the ZONES we see near patterns.
No matter what strategy you use, you need to stay consistent. I use zones and I incorporate other techniques for confirmation. But zones are always included in my strategy.
I hope this helps:-)
@CryptoTrades #education #strategy #zones #confirmation #confluence #cryptotradespremium
No matter what strategy you use, you need to stay consistent. I use zones and I incorporate other techniques for confirmation. But zones are always included in my strategy.
I hope this helps:-)
@CryptoTrades #education #strategy #zones #confirmation #confluence #cryptotradespremium
Tweezer tops and tweezer bottoms are dual candlestick formations that represent a reversal.
Tweezer tops consist of a bullish candle with a large upper wick followed by a bearish candle with the same length wick. This suggests a bearish reversal is approaching!
On smaller time frames this often looks like a double top as it shows price being rejected from the same resistance zone twice!
The opposite applies for tweezer bottoms, they imply a bullish reversal is approaching!⠀⠀
@CryptoTrades #education #tweezertops #tweezerbottoms #signals #cryptotradespremium #winningsignals
Tweezer tops consist of a bullish candle with a large upper wick followed by a bearish candle with the same length wick. This suggests a bearish reversal is approaching!
On smaller time frames this often looks like a double top as it shows price being rejected from the same resistance zone twice!
The opposite applies for tweezer bottoms, they imply a bullish reversal is approaching!⠀⠀
@CryptoTrades #education #tweezertops #tweezerbottoms #signals #cryptotradespremium #winningsignals
The Double Top.
You find them at the end of upswings and they suggest a bearish reversal is approaching.
They consist of two highs, a neckline and a breakout.
Once price tests one resistance zone twice, breaks its neckline and retests it, only then is it a good idea to enter a SHORT.
@CryptoTrades #education #doubletop #patterns #knowledge #crypto #signals #cryptotradespremium
You find them at the end of upswings and they suggest a bearish reversal is approaching.
They consist of two highs, a neckline and a breakout.
Once price tests one resistance zone twice, breaks its neckline and retests it, only then is it a good idea to enter a SHORT.
@CryptoTrades #education #doubletop #patterns #knowledge #crypto #signals #cryptotradespremium
You can detect a trend reversal before it happens.
One way to do this is by detecting double bottoms.
The psychology behind this is that traders are unable to take price lower while it is in a downtrend.
They are unable to make a lower low and this indicates weak bearish pressure therefore providing a signal for trend reversal.
@CryptoTrades #education #trading #doublebottom #trendreversal #cryptotradespremium #winningsignals
One way to do this is by detecting double bottoms.
The psychology behind this is that traders are unable to take price lower while it is in a downtrend.
They are unable to make a lower low and this indicates weak bearish pressure therefore providing a signal for trend reversal.
@CryptoTrades #education #trading #doublebottom #trendreversal #cryptotradespremium #winningsignals
This post is about how to avoid falling into the trap of price manipulation.
First of all, here’s a quick summary of what price manipulation is; It’s an act of artificially increasing or decreasing price, to cause retail traders to lose money.
There is not too much public information on this. Because if there was, 88% of traders wouldn’t be losing money.
Here are 2 simple ways to avoid price manipulation;
1. Place your stop loss below key levels
Don’t have very tight stop losses, because chances are you will not be profitable.
2. Risk around 3-5% on each trade
Protect your capital at all costs. You should never put yourself in a position where there is a chance that you could lose everything.
@CryptoTrades #education #pricemanipulation #riskmanagement #signals #cryptotradespremium #winningsignals
First of all, here’s a quick summary of what price manipulation is; It’s an act of artificially increasing or decreasing price, to cause retail traders to lose money.
There is not too much public information on this. Because if there was, 88% of traders wouldn’t be losing money.
Here are 2 simple ways to avoid price manipulation;
1. Place your stop loss below key levels
Don’t have very tight stop losses, because chances are you will not be profitable.
2. Risk around 3-5% on each trade
Protect your capital at all costs. You should never put yourself in a position where there is a chance that you could lose everything.
@CryptoTrades #education #pricemanipulation #riskmanagement #signals #cryptotradespremium #winningsignals
Wolfe waves are made up of 5 wave formations, a downwards sloping wave will result is a bullish reversal where as an upwards sloping wave will result in bearish reversal.
Things to remember when looking for these patterns are, the waves have to travel at consistent time intervals, the 1-2 waves must be symmetrical to 3-4 waves and the 3rd and the 4th waves must remain inside the channel created by waves 1-2.
Traders look to generally place trades at point 5 as that is where the whole pattern would have been completed and confirmed!
They’re similar to Elliott waves, except the correction is different!
@CryptoTrades #education #wolfewaves #patterns #bullishwave #bearishwave #signals #cryptotradespremium
Things to remember when looking for these patterns are, the waves have to travel at consistent time intervals, the 1-2 waves must be symmetrical to 3-4 waves and the 3rd and the 4th waves must remain inside the channel created by waves 1-2.
Traders look to generally place trades at point 5 as that is where the whole pattern would have been completed and confirmed!
They’re similar to Elliott waves, except the correction is different!
@CryptoTrades #education #wolfewaves #patterns #bullishwave #bearishwave #signals #cryptotradespremium
As a trader, trading is NOT your only job, you need to be tracking your data.
Without doing this there is no way to improve.
You should all have a trading journal, if your stuck on what to put inside it, then save the info from this post for later.
@CryptoTrades #education #tradingjournal #trackingyourtrades #signals #cryptotradespremium
Without doing this there is no way to improve.
You should all have a trading journal, if your stuck on what to put inside it, then save the info from this post for later.
@CryptoTrades #education #tradingjournal #trackingyourtrades #signals #cryptotradespremium
Do you trade double and triple bottoms?
They’re extremely profitable patterns and they often lead to large reversal moves. They’re quite self explanatory, they’re the bottoms of a wave.
Double bottoms are made up of two tests of a support zone and a triple bottom is made up of three, that’s the only difference!
If you don’t already trade them, try incorporate them into your trading plan.
@CryptoTrades #education #doublebottom #triplebottom #signals #cryptotradespremium
They’re extremely profitable patterns and they often lead to large reversal moves. They’re quite self explanatory, they’re the bottoms of a wave.
Double bottoms are made up of two tests of a support zone and a triple bottom is made up of three, that’s the only difference!
If you don’t already trade them, try incorporate them into your trading plan.
@CryptoTrades #education #doublebottom #triplebottom #signals #cryptotradespremium
4 important Candlestick Patterns
@CryptoTrades #education #trading #candlesticks #pinbar #engulfing #3insideup #3blackcrows #cryptotradespremium #winningsignals
@CryptoTrades #education #trading #candlesticks #pinbar #engulfing #3insideup #3blackcrows #cryptotradespremium #winningsignals
👆👆👆👆👆👆👆👆👆👆👆👆👆👆
Trading is all about breaking barriers.
There could be a lot of things that are holding you back from reaching the next level. I am going to lay out some of them from my own experience.
Firstly, you lack trust in yourself and your system. You are afraid and questionable. You constantly seek something else. This is fixed by you understanding that every strategy works, but needs testing and refining. You can’t watch a youtube video and become profitable!
You follow all the gurus sharing profits and trades that look sooo good. You feel FOMO and discouraged that everyone else is making it, except you. Well, unfollow those guys and focus on YOU! That’s how you break this barrier.
Is money the only thing in your mind when trading? If so, then you will struggle. Having an attachment to money is detrimental. Focus your thoughts on the skill itself, rather than making the money. Once you make the shift from the monetary value to the process itself you will see huge improvements!
You have forgotten about money, but now you are rushing to make it asap! You take trades every day, force setups, don’t follow the plan. Well, it’s not gonna happen again! You need to remain patient, focus on less trades and just give yourself some time. Think long-term! Don’t try to be a full-time trader in a few months. Realistically, it takes years.
Finally, put in the work. Are you lazy? Do you find it boring to backtest and identify setups on your charts? If so, you will never build the confidence and trust in yourself!
@CryptoTrades #education #trading #mindset #signals #cryptotradespremium #winningsignals
Trading is all about breaking barriers.
There could be a lot of things that are holding you back from reaching the next level. I am going to lay out some of them from my own experience.
Firstly, you lack trust in yourself and your system. You are afraid and questionable. You constantly seek something else. This is fixed by you understanding that every strategy works, but needs testing and refining. You can’t watch a youtube video and become profitable!
You follow all the gurus sharing profits and trades that look sooo good. You feel FOMO and discouraged that everyone else is making it, except you. Well, unfollow those guys and focus on YOU! That’s how you break this barrier.
Is money the only thing in your mind when trading? If so, then you will struggle. Having an attachment to money is detrimental. Focus your thoughts on the skill itself, rather than making the money. Once you make the shift from the monetary value to the process itself you will see huge improvements!
You have forgotten about money, but now you are rushing to make it asap! You take trades every day, force setups, don’t follow the plan. Well, it’s not gonna happen again! You need to remain patient, focus on less trades and just give yourself some time. Think long-term! Don’t try to be a full-time trader in a few months. Realistically, it takes years.
Finally, put in the work. Are you lazy? Do you find it boring to backtest and identify setups on your charts? If so, you will never build the confidence and trust in yourself!
@CryptoTrades #education #trading #mindset #signals #cryptotradespremium #winningsignals
Over leveraging ALWAYS leads to a blown account.
There’s nothing you can say to argue against that, yes you might win a few trades while you’re over leveraging but what happens when you lose 1 trade?
YOUR WHOLE ACCOUNT GETS BLOWN! 🤯
Look at the table above and compare what you think is better and more sustainable as a long term business plan!
It’s obviously the risk managed choice, the reason I stress the importance of risk management is because it’s sooooooo important!!
@CryptoTrades #education #riskmanagement #riskmanagementplan #overleveraging #strategy #signals #cryptotradespremium
There’s nothing you can say to argue against that, yes you might win a few trades while you’re over leveraging but what happens when you lose 1 trade?
YOUR WHOLE ACCOUNT GETS BLOWN! 🤯
Look at the table above and compare what you think is better and more sustainable as a long term business plan!
It’s obviously the risk managed choice, the reason I stress the importance of risk management is because it’s sooooooo important!!
@CryptoTrades #education #riskmanagement #riskmanagementplan #overleveraging #strategy #signals #cryptotradespremium
Don’t focus on short term goals, focus on your long term goals.
They are way more important and more realistically …. that’s why we are trading.
We’re trading for millions/billions, and that’s unlikely to be achieved in a day so stretch it out!
Would you rather work 40-50 years at a 9-5 or trade for 10 years and be financially free????
@CryptoTrades #education #longterm #goals #tradingplan #signals #mindset #exitstrategy #cryptotradespremium
They are way more important and more realistically …. that’s why we are trading.
We’re trading for millions/billions, and that’s unlikely to be achieved in a day so stretch it out!
Would you rather work 40-50 years at a 9-5 or trade for 10 years and be financially free????
@CryptoTrades #education #longterm #goals #tradingplan #signals #mindset #exitstrategy #cryptotradespremium