Educationalposts
ETH 2 phases and why we need it?Hi friends
today i want to explain ETH 2.0 phases in short.
like you see in picture above it explain our need to ETH 2.0 so
i will summarize phases below:
Phase 0 : Beacon Chain
Phase 0 is the name given to the launch of the Beacon Chain.
The Beacon Chain will manage the Proof of Stake protocol for itself and all of the shard chains.
Once Phase 0 is complete, there will be two active Ethereum chains.
For the sake of clarity let’s call them the Eth1 chain (current, PoW main chain) and the Eth2 chain (new Beacon Chain)
During this phase, users will be able to send their ETH from the Eth1 chain to the Eth2 chain and become validators.
(They will NOT be able to migrate this ETH back to Eth1)
Phase 1 : Shard Chains
Shard chains are the key to future scalability as they allow parallel transaction throughput
and there will be 64 of them deployed in Phase 1 (with the possibility of adding more over time as hardware scales).
Shard validators, who are randomly selected by the Beacon Chain for each shard at each slot,
merely come to agreement on each block’s content.
Phase 2 : State Execution
Phase 2 is where the functionality of the entire system will start to come together.
Shard chains transition from simple data containers to a structured chain state and Smart Contracts will be reintroduced.
Phase 2 also introduces the concept of 'Execution Environments (EEs).
Every shard has access to all execution environments and has the ability
to make transactions within them as well as run and interact with smart contracts
hope this article is useful for you.
thank you all for your supports.
Improve your trading skills with PTAHey Traders!
In this video we talk about Post Trade Analysis which we believe it probably the best way to develop your trading skills, trading system and general instinct of trading.
Today we traded the DAX for 2 hours with complete focus, focus is a vital requirement for trading success as it allows you to be present and disciplined to follow your trading rules and system.
The video explains some things we did good and some things we did bad, of-course the good should be repeated in the next trading session, the bad either improved or removed!
Do you do post trade analysis? - Let us know in the comment section below!
Have a fab day!
Shocking Truths about Trading no one talks about EP1.After 5 years of self-educating myself in the art of trading while undergoing brutal consistent losses, these are the truths that set me on the path of surprising consistency after internalizing them.....I hope it will for you guys and give more inspiration to the already consistent ones.
Shocking Truths no one talks about in trading:
1. You may have the best strategy, signal provider or learned everything about trading, but what counts is what happens to that knowledge 5 seconds before pressing the buy/sell button.
2. What is Mathematically optimal is Psychologically impossible.
If you have a strategy that gets wins of 25R but has like 12 losses in a row, DUMP IT.
Mathematically, you will make money at the end, Psychologically you will quit before you take trade 13.
3. You start winning in trading when you believe you can lose (Trading Paradox).
Consistently profitable traders have one thing in common: they place their next trade like it was already a loser.
4. Extremely good analysts are most often bad traders....you can be right about the direction but fail in the critically important aspect of Entry timing and still lose the trade.
5. IT IS THE SIMPLE THINGS THAT WORK!.
Most people will tell you to look for complex strategies that look for "Random walk algorithmic discrepancies that rhyme with Chaos theories....and all that blah..." But I have been on that path and I hate to break it to you that a guy/girl using only support and resistance and simple moving average crossovers with a verified and bactested edge and discipline will most likely be more profitable.
5. THE MORE OBVIOUS A TRADE IS THE GREATER THE CHANCES YOU LOSE IT.
Most people think that if a trade has soooo many confluences it is more likely to work....well that might be true to an extent after which it is a blatant fallacy. From historical data and my own personal LIVE trading results, the probability of a trade working out reduces DRASTICALLY when the number of confluences crosses 5.
I theorize that this happens because market makers will see all the orders placed at that point is soo much(cause everyone will see the opportunity with their different approaches) and take them all out.
6. No one can sell a money printer, cause it has no price.
If someone offers to sell you a robot or STRATEGY that triples your money every month, laugh and pass, if you don't and end up buying that....you deserved to be scammed.
Think about it the person can just take $100 and apply his/her magic to it and print out Elon Musk's networth in lower than 3 years using compounding......and he/she will sell you that for $2000?, you must be kidding me!.
7. Your consistency has nothing to do with your strategy but your mind.
I can bet you my life's earnings, that there is someone out there, using your exact entry and exit rules but is profitable and you are not.
A better strategy brings in more profit, but any random edge with the right mindset and risk management MUST be profitable.
8. Almost everything in life is a pyramid-scheme, & survival of the fittest and trading is not left out.
No matter how much we desire to the contrary, it is IMPERATIVE THAT TRADING HAS MORE LOSERS THAN WINNERS.
The winners in trading have to be relatively fewer cause they win a lot and hence they need soo many losers to give them that money.
There is no bank that hands at money to you when you win, your job as a trader is to outsmart some other fellow and TAKE his/her money and once you come to terms that every dollar lost by you trading, is a dollar gained by someone else in this zero-sum game, you will realize only YOU has got your own back.
9. You can NEVER completely eliminate emotions in trading but you can set rules that allow you trade only when you are at your optimal state, and gives you a day or two vacation when you are down.
10. Reading this article will definitely NOT HELP YOU, it is remembering it the moment before you place your next trade that will.
Pls LIKE and Subscribe, I want to know what you think about this article and which point you agree with the most or disagree with.
Tell me whether it helped you in any way and if we get 50 likes and 20 comments I will consider making the next episode.
Don't let the dopamine get you 🥴Do you feel excited? 😅
This is why. It's all down to the chemical reaction in your brain. Dopamine.
Dopamine is a chemical in the brain that makes us feel good.
Should you be feeling excited when trading?🤔
No.🙈 As this isn't gambling and shouldn't give you the same dopamine rushes like a gambling win does.
What's starts as initial excitement will move to fear, anxiety, stress and excitement again. 🤷🏻♂️
You become irrational and unable to stick to your plan.🤯
Entering trades through boredom for the 'rush' and closing profitable trades too early because of fear of the profit disappearing - all because you risked too much for that 'buzz'.
'So what can I do about it?' I hear you shout loudly....📢
Well this depends on if you really want to change or not, the downside is you'll think you will make less money ....
Think about it - you have a £5000 account right?
Option 1 - you trade 15 pairs at 0.5 lot size and your account is up and down like a yo yo - but it's exciting right?
Option 2 - you trade 3 pairs at 0.01 - your account movement is marginal.
Option 2 is less exciting for sure, but if you want excitement go and jump out of plane.
Option 1 will eventually lead to a blown account.
Option 2 will give you sustainable consistent trading - you'll let your winners run and you'll lose less on the losing trades. A win win.
Only when you get this bit right will you start to see positive change.
Emotional control is key
Be present doing other things without checking your phone to see how trades are going.
Exercise patience by sticking to your plan and letting your trades run instead of closing them early.
The only thing you can control in trading is YOU
Just don't end up letting the dopamine take control!
Have a good weekend everyone and thanks for looking
Darren👍
MONEY CANDLESome call it the "Institutional Candle".
Snipers call it the "Money Candle"
This chart explains why.
This has been an incredible week of trading.
News proved to be powerful and made the DXY plummet on Thursday.
What a rally we had today which was pretty much expected when you follow Price, trend, and Time in confluence with this week's fundamentals: today's set up was a thing of beauty!
Study this week's price action and formulate ways to engage accordingly next week.
Have a Great Week End!
Trading made Simple
The Master Jedi Sniper CREED*The Market has different moves I call them 'Plays' that it sets in the Forex Market Daily.
The Market only has 3 moves:
1. Up aka UP Trend
2. Down aka DOWN Trend
3. Sideways aka Consolidation
No more. No less.
The market has key patterns, rhythms, and channels known as 'Liquidity pools" "Order Blocks' and the like. These are simply areas in the market where liquidity is and wherever there is liquidity that is where the market flows to. After the Market makes enough money and "Orders" need to be filled it will then move to fill imbalances along the way to those places of Liquidity aka "THE MONEY".
A Snipers MAIN job is to WACTH the market with discipline, consistency, and relentless attention to intricate details that your pair does at KEY times in the trading day.
US base pairs are anchored by the DXY. It is a Snipers RSI.
Every Sniper has their own threshold for pain this is knows as a SL. A Sniper's average SL is 3-5PIPS. Once that threshold is breached it is time to re evaluate the trade set up and either "Pull and SWITCH" or "Pull and WAIT".
By allowing you trade aka SNIPE time to develop you allow your trade set up to develop. Remember it takes time for the Market to move in your direction. Therefore pull backs and consolidation are all apart of normal market movement aka Price Action.
By identifying key areas in the market within "Structure" a Sniper formulates strategies to Trap and Snipe Price.
I Am the Alchemist of these Formulas and Strategies.
I AM: Trading Made Simple
As always never over leverage.
Trust your Trade Set Up.
Have Fun!
The DXY is A Snipers RSIThe DXY is already setting up to give us a strong Green candle. at 10am.
Euro will Short on the 1hr at 10am.
Let's test it together and see if this strategy works.
At 10am Look for EU to go short and the DXY to go long.
You should get confirmation on your 15 min TF
Never over leverage.
Trust your trade set up.
Have fun!
Trading made Simple.
BTC Analysis This is my idea. I have tried my best to bring the best possible outcome to this chart, Do not consider it FINANCIAL ADVICE.
So let's see how the market reacts in the coming days.
This chart is likely to help you in making better trade decisions.
I am not a market maker I could be wrong.
Everything is on the chart.
Thank you
BTC CME Gap What is CME Gap? (Chicago Mercantile Exchange) (CME)
A CME gap is created when the price of Bitcoin opens above or below the previous day's close on the CME exchange.
One of the prime reasons for CME gap creation is the fact that CME markets remain closed over the weekend and during a part of the day. Bitcoin, on other spot exchanges, is traded 24×7.
Historically, the percentage of CME gaps that get filled is between 60-80%. Hence,
using it as an indicator provides you with a degree of accuracy. A review of previous events could shade more light on this claim.
ETH CRASH HOW I CAUGHT THE WHOLE MOVEIma let the chart speak for itself
Inflation at a all time high
Gas prices insane
Everything is going up in price
Big shark holders in the eth btc luna crypto family etc strategically plan this type of power move as inflation rises you would think cryptos are pumping , your not totally wrong but everything has its due diligence and market structure is the ultimate answer to why the pump has not occured. OTB HAVE BEEN SET INCREASINGLY MAKING DEMAND TO THE BOTTOM SIDE HIGHER , AS BUYERS PREPARE TO BUY THE END CYCLE
socialparasite69 Gave me some RAD IdeasSo I took some of the tools @socialparasite69 was using because my oddly wired ADHD brain loved his rainbow....
I use Elliot Waves on the regular because I find them hard for me to understand (but how the hell do I figure it out if not for reading and using them)....
But I am trying to build a correlation between them and the Higher Higher Lower Low Stratagy, My Linear Regression lines I love to watch for movement out of channel, and Market Cipher A which is an awesome mix of EMA's that paint this friendly Rainbow.
Thanks to @socialparasite69 for sharing his ideas and the fact Market Cipher A and B Exsist!
I painted Shib up on my chart to show how im marking decisions on market movement.
Any ideas on tweaks are appreciated!
XTZ AnalysisXTZ Analysis
This is my idea. I have tried my best to bring the best possible outcome to this chart, Do not consider it FINANCIAL ADVICE.
So let's see how the market reacts in the coming days.
This chart is likely to help you in making better trade decisions
I am not a market maker I could be wrong.
Everything is on the chart.
Everything Depends On BTC Movement
Thank you
FIL/USDT Analysis #TheCryptoCityFIL Analysis
This is my idea. I have tried my best to bring the best possible outcome to this chart, Do not consider it FINANCIAL ADVICE.
So let's see how the market reacts in the coming days.
This chart is likely to help you in making better trade decisions
I am not a market maker I could be wrong.
Everything is on the chart.
Everything Depends On BTC Movement
Thank you