Find yourself constantly losing and don’t know why?
⠀
The reasons listed above could be the downfall of your trading career and they can all be fixed.
Look back at your trades (in your trading plan), and try to figure out the pattern of error.
When you’ve done this fix it and never do it again.
⠀
Seems simple enough right? WRONG!
Most people don’t have enough discipline to do this.
A successful trader needs rock solid discipline!
⠀
Keep these points and add them to your NOT TO DO list.
@CryptoTrades #education #emotions #riskmanagement #tradingplan #knowledge #crypto #signals #cryptotradespremium
⠀
The reasons listed above could be the downfall of your trading career and they can all be fixed.
Look back at your trades (in your trading plan), and try to figure out the pattern of error.
When you’ve done this fix it and never do it again.
⠀
Seems simple enough right? WRONG!
Most people don’t have enough discipline to do this.
A successful trader needs rock solid discipline!
⠀
Keep these points and add them to your NOT TO DO list.
@CryptoTrades #education #emotions #riskmanagement #tradingplan #knowledge #crypto #signals #cryptotradespremium
Engulfing candlesticks produce some extremely profitable trade setups, but do you know how to trade them correctly?
In order to your engulfing candlestick to be valid, it should engulf at least 2 candles, the more candles it engulfs the stronger it is!
When trading engulfing candlestick patterns, you always have to wait for the candle to close, if the candle does not close as an engulfing candle then it is not valid! (DON’T GET TRAPPED IN A TRADE)
@CryptoTrades #education #engulfingcandlestick #patterns #knowledge #crypto #signals #cryptotradespremium
In order to your engulfing candlestick to be valid, it should engulf at least 2 candles, the more candles it engulfs the stronger it is!
When trading engulfing candlestick patterns, you always have to wait for the candle to close, if the candle does not close as an engulfing candle then it is not valid! (DON’T GET TRAPPED IN A TRADE)
@CryptoTrades #education #engulfingcandlestick #patterns #knowledge #crypto #signals #cryptotradespremium
Chainlink is an Ethereum token that powers the Chainlink decentralised oracle network.
This network allows smart contracts on Ethereum to securely connect to external data sources, APIs, and payment systems.
@CryptoTrades #education #chainlink #link #knowledge #crypto #altcoins #signals #cryptotradespremium
This network allows smart contracts on Ethereum to securely connect to external data sources, APIs, and payment systems.
@CryptoTrades #education #chainlink #link #knowledge #crypto #altcoins #signals #cryptotradespremium
RSI Divergence Explained.
Divergence is a a disagreement between the indicator and price, and it can have significant implications for trade management.
The amount of agreement/disagreement is relative, so there can be several different patterns that develop in the relationship between price and the indicator.
Divergence can be spotted using the RSI indicator. Add it to your chart. If price makes a Higher High while the RSI makes a Lower High, you can be certain there is divergence.
What does divergence indicate?
It indicates a reversal is approaching. It’s often best to enter once the divergence has been confirmed.
Remember all indicators lag.
@CryptoTrades #education #divergence #rsi #knowledge #crypto #signals #cryptotradespremium
Divergence is a a disagreement between the indicator and price, and it can have significant implications for trade management.
The amount of agreement/disagreement is relative, so there can be several different patterns that develop in the relationship between price and the indicator.
Divergence can be spotted using the RSI indicator. Add it to your chart. If price makes a Higher High while the RSI makes a Lower High, you can be certain there is divergence.
What does divergence indicate?
It indicates a reversal is approaching. It’s often best to enter once the divergence has been confirmed.
Remember all indicators lag.
@CryptoTrades #education #divergence #rsi #knowledge #crypto #signals #cryptotradespremium
Head and Shoulders Entry Hack.
Head and Shoulders are great patterns to trade if you know how to trade them correctly.
In the example above we used an Inverse Head and Shoulders.
The anatomy of the head and shoulders pattern is something that is often overlooked, however if you actually took the time to understand the anatomy, you will find the right shoulder normally (not always) positions itself at the 0.618 retracement level of the impulse move from the head.
Wait for the right shoulder to appear and wait for a candlestick pattern confirmation and execute.
Improve your game little by little everyday.
This post will help you crack down on your entries when it comes to trading head and shoulders patterns.
@CryptoTrades #education #headandshoulders #candlesticks #patterns #knowledge #crypto #signals #cryptotradespremium
Head and Shoulders are great patterns to trade if you know how to trade them correctly.
In the example above we used an Inverse Head and Shoulders.
The anatomy of the head and shoulders pattern is something that is often overlooked, however if you actually took the time to understand the anatomy, you will find the right shoulder normally (not always) positions itself at the 0.618 retracement level of the impulse move from the head.
Wait for the right shoulder to appear and wait for a candlestick pattern confirmation and execute.
Improve your game little by little everyday.
This post will help you crack down on your entries when it comes to trading head and shoulders patterns.
@CryptoTrades #education #headandshoulders #candlesticks #patterns #knowledge #crypto #signals #cryptotradespremium
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
Do you have a trading system?
If you don’t, go and make one!
@CryptoTrades #education #tradingsystem #tradingplan #traderdiary #riskmanagement #knowledge #crypto #signals #cryptotradespremium
If you don’t, go and make one!
@CryptoTrades #education #tradingsystem #tradingplan #traderdiary #riskmanagement #knowledge #crypto #signals #cryptotradespremium
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
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
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
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
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