BTC DOMINANCEHi guys
this time lets look at btc dominance
but this time there is no triangle in the chart!!
so what we see is a downward trend line
and some support and ressistance lines
and if, if the support line breaks we should see pump in some of altcoins
so lets see what happends
hope you use your chances till you can
wish you the best
bb
Loss
Dogecoin will continue to go to HeavenDogecoin will continue to go to heaven !!!
Following the previous analysis I published for you, Dogecoin made a great climb, but it still continues
Dogecoin still has great growth potential due to the attention of most of the community
The pattern I published in the previous analysis was broken and now the price is retesting the pattern
At this point, if the price starts to rise after touching the pattern again, the pattern will continue to move and the target published in the previous analysis will occur.
But be careful and never forget to set a Stop Limit
To better understand this analysis, refer to the previous analysis of these ciphers in my profile :
To support us and encourage us, like this analysis and follow us
Thanks
Hamid Mojarad
Lecturer, consultant, analyst and trader in financial markets
Consultant of reputable investment companies
Dealing with losses... before they occurLosses are part of this business. People do not react well to losses. Badly handled losses in trading can trigger bigger losses. Furthermore, these have the dangerous potential of wiping out entire accounts. If you want to make it as a trader you need to have a solid psychological approach to accept and handle losses.
Lots of internet articles are suggesting that the way to prevent debilitating losses in trading is to follow risk management rules. What are those rules about? Basically, they are simple thresholds indicating the maximum $ /percentage you should risk per trade, day, month, etc. Having such rules is a must but it’s not enough. You can still lose much if your mind is not actually prepared to implement them. That’s why many traders set rules only to break them in the most inappropriate moments.
People do not follow their own risk management rules because they are not psychologically prepared to accept losses. They are not prepared for the pain caused by a loss or a series of losses.
The single most efficient way to handle losses is to accept them consciously and unconsciously. One of the most dangerous ways to react to losses is “revenge” or “on tilt” trading. This happens when the pain caused by a loss is so high that the trader loses his / her rationality and only wants his / her money back, disregarding most of the things he/she actually knows about the market. The brain cannot accept the emotional discomfort and the fastest solution is to quickly find a trade to make the money back. Most of the time, the quickest trade is in the same instrument (FX pair, stock, etc) that generated the initial loss, by averaging down/up or flipping. Some of the most experienced traders can work their way out but the vast majority will only make things worse.
In order to prevent this kind of psychological slippage, you need to prepare your mind to consciously and unconsciously accept losses BEFORE they occur. With the help of a psychotherapist or by yourself you can perform visual exercises where you will imagine yourself being in a losing position and reacting the right way. This would desensitize you if done right.
The technique I always use each time I open a position is to do that desensitization process “on the fly”. I watch the market and I see an opportunity. BEFORE opening the position, I imagine myself in the posture of facing that trade ending in a loss. After that, I imagine that trade going the way I want. I might even go back and forth (in my mind) a few times between losing and winning. This way, I prepare my unconscious mind. If I cannot imagine myself easily handling the loss (or the win) I will simply reduce size.
Pay attention though, I am not recommending here to imagine yourself constantly losing because this would do more harm than good. This would be a separate topic about the power of visualization exercises.
Dogecoin will be a surprise ...?As you can see, Dogecoin was able to create good conditions for himself during this period, which was well received by the public.
it now appears to be preparing for another Sharpe Uptrend
If Price cross the edge of the cup pattern, you can consider a wonderful Uptrend for it
Considering the important entry points, you can take a buying position for yourself if Price cross the Key level
Thanks
Hamid Mojarad
Lecturer, analyst and trader in financial markets
Senior Advisor to reputable investment companies
Bitcoin - How to trade profitably? Free positions (Open Trade)Btc/usdt
Hello dear friends.
I will choose for you, recommendations and reviews that at that time no one could have imagined that it would be so!
Do not think that I am such a tough trader - no, I was also mistaken and will be mistaken, but everything that I write happens, sometimes I do not observe this and bear a loss, but it will be all the same!
Green rectangles - achieved profit - red - loss. - total for 3 months -
Profit: 123850 pips / $ ✅
Busted 13950pips / $ ⛔️
I can’t help but praise myself, I can’t help but share this with you, but every trade I made, we went through together.
And since we have the end of the month, I summarize.
I can't help but show you how many trades we made - how much profit and loss we have in our wallet, but it was insanely cool.
I am happy that I trade with you, and happy that you have earned with me.
On the chart, I have selected only a part of the position ...
But we started trading with you when bitcoin was at 16,000.
And everything, almost everything that can be achieved - we took it.
I am very glad that each of you was able to earn with me.
Please, observe risk management, money management, do not overstate the lot in a position, trade by take profit, take profit at strong levels, and be flexible in trading.
This is what we have been all this time. Thank you for being there, thanks for 300 subscribers. I hope you continue to benefit from my trading reviews.
Have a nice day everyone, profit and good luck.
NZD/USD UPDATE ! That was close I made an analysis yesterday on the NZD/USD talking about a possible sell for the market but jeez we almost got stopped out ,you can look for yourself. I mean talk about a fractional pip haha...
Luckily we saw price reverse but we are not out of the danger zone yet (are we ever) price reversed but it can possibly find support at the trendline it closed above.
ONLY TIME WILL TELL US NOW.
Comment down below your thoughts...
USTECH: Can you take the loss?Nobody except me talks openly about losses. So here I go again: can you take the loss?
USTECH is at a nice position. You absolutely cannot 'know' what it will do. All gurus who make predictions are wrong. They cannot and do not own the future. I never make predicitions.
It's either the loss is affordable, in order to gain or it isn't.
The markets are there to surprise us and make fools of us. The main thing we can control is how stupid the markets aim to make us out to be.
Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Trade Log NIFTY July 24In my yesterday’s post (link below) I said
Considering the recent upmove of 5 days, I think tomorrow NIFTY is likely to consolidate further in the range 11200-10950.
I won't go long immediately if 11200 is broken in the early morning or open.
Also for any intraday short position, NIFTY has to break 11170.
Consolidation day today. NIFTY was in the range 11050-11250
My Trades today
From the initial sharp move below 11170, I initiated a short position, which I squared off for loss near opening range high.
My observations for the day
NIFTY closed -0.19% down
BANK NIFTY closed 1.83% down
VIX dropped 0.43%
Advance Decline ratio very poor 7 to 43
Option traders creating positions for range 11000-11200
P/E ratio of NIFTY is 29.35 as of today
Today Reliance contributed 72 points of the entire gain. Index has been dragged by reliance.
BANK NIFTY severely under performed.
I’ll do a detailed post over the weekend for next week’s view
Happy weekend!
July 23 Post
Trade Log NIFTY July 20My view for this week
My Trades
As planned, I did a reversal trade around 11000. I was not quick enough to square it off on the first deep and made losses on the trade.
My observations for the day
NIFTY did not get rejected at 11000. It closed above 11000 by gaining 1.11%
BANK NIFTY gained 1.62%. But It formed a doji candle + Gap opening.
VIX increased 2.30%. This shows some sense of uncertainty amongst the market participants.
Advance Decline ratio is 30 to 19. Not very supportive of the gains.
My view for tomorrow
Trend is up. There is no resistance till 10269. I’ll mostly trade intraday on upside.
As I mentioned in my weekly view, I’ll wait patiently till I see some signs of exhaustion. In line with my Monthly view posted in June, NIFTY is close 400 points away from challenging my monthly view. Hence I don't move fast on either sides.
📝 Using Fixed Equity Percentage VS Dollar Amount?! 💣Today we are comparing fixed equity percentage vs. fixed dollar amount to show how fixed % has an edge.
The chart above should mostly be self-explanatory.
The only real note here is that while the difference can be slight in the short term, and while static dollar amount does have an advantage in some instances, over the long term the data suggests the % based method is the way to go.
Hope this helps some! :D
LIC HOUSING (Daily Chart): NEUTRALLIC Housing is trading in the range and it has maintained a strong resistence levels at 290-295. In last few trading sessions, everytime the stock corrects from those levels. As History repeats, we can short the stock at current levels with a strict stoploss of 300, Target open at lower side.
Nailed the Short In BOEING! But not before... - 06/16/20 RECAPHi traders,
Sometimes a re-entry after a shake-out is a good idea. And sometimes you lose even the second time because the market starts dropping, taking most of stock with it. Well, nothing you can do!
At least Boeing made me most of lost money back ;)
Trades:
1) CAR - LONG @28.52, -1.11%
2) CAR - LONG @28.51, -1.25%
3) BA - SHORT @199.89, +1.90%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: +0.47%
Total PnL for the week: -0.06%
Good trades,
Tom | FINEIGHT
Potentially Green Day Turned Red - Here's WHY - 06/10/20 RECAPHi traders,
Murphy says the very next time we decide to do something, it won't work. That's what happened to me on Wednesday as I re-entered Citigroup after missing a re-entry on Tuesday in PTON. Aaand ended with 2 losses. The day was even more painful because in UNFI I spotted 2 good opportunities - both of which worked - but did not get filled. A nice profit ended up in a loss. But all I can do is to readjust and try better next time!
Trades:
1) CSCO - SHORT @47.39, -0.14%
2) C - SHORT @56.98, -1.02%
3) C - SHORT @56.99, -1%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: -2.16%
Total PnL for the week: -2.05%
Good trades,
Tom | FINEIGHT
I Missed The Re-entry :/ - 06/09/20 RECAPHi traders,
Losing in one particular stock doesn't mean you should be done with it for the remainder of the day. One deeper pullback got me out of my PTON Long which then offered a really nice profitable opportunity later in the day which I sadly didn't take advantage of and cost myself money!
Trades:
1) PTON - LONG @46.23, -1.02%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: -1.02%
Total PnL for the week: +0.11%
Good trades,
Tom | FINEIGHT
Trade Log NIFTY June 02In my June 1 update,
I had said
1. As NIFTY approached 9900, VIX rose and there was strong resistance in the zone. I believe this zone will be tested a couple of times in intra day movement before breaking above.
2. There is not much space for long trade until we clear the resistance zone and close above 9930.
3. I think NIFTY will form a consolidation range under 9930 and try breaking out. I need to watch how low it can go to form the lower boundary of the range.
4. 9700 should be a good candidate level lower boundary.
In short, my reading was OK. I anticipated the consolidation to last atleast for couple of days. But NIFTY broke out of 9930, and range is not formed, It took support in 9800 area.
My trades today
1. I squared my 9900 CALL for loss start of the day. This was a big loss.
2. When 2nd touch of resistance was touched, I sold 9900 CALL and covered that quickly for profit one first sign of strength.
3. Then on breakout I sold 9900 PUT and covered it for profit end of the day.
My observations for the day
1. This rally has its 5th positive day. Today NIFTY closed with 1.5% gain.
2. BANK NIFTY outperformed and closed 2.86%. BANK NIFTY closed right at the key level of 20530.
3. INDIA VIX closed 30.12, 2% down
4. Advance Decline ration was ok 36:14, Not as strong as it could be. But BANKNIFTY can drag it along.
My view for tomorrow
1. Tomorrow will be the 6th day of higher highs. NIFTY closed near high of the day and just below strong psychological level 10000.
2. If there are positive global clues, NIFTY can create massive gap and short covering. There is not much overhead resistance till 10383 - 10400.
3. The other thing that I sense is mostly it can do similar thing some consolidation below 10000 and eventually breaking it.
4. Considering BANKNIFTY chart, I am more towards quick break and then continuation of rally on Thursday.
CADJPY: In a potential kill zone. This is on the daily time frame. Nobody can predict where price will go or how far it will go in any direction.
This means that if one is shorting or going long on this position, one has to expect losses. I always keep losses at the forefront of all my posts.
I cannot predict what will happen next. People often ask me for targets. I don't do targets.
This daily position can be exploited on lower time frames, with the right skill.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Trade Log NIFTY May 22My trades today.
I stayed away from the market for morning session becuase of RBI event. Later when NIFTY broke below 9000, I sold 9100 CALL which I squared off for loss.
In my last post I had said
1. I am reluctant to jump on either sides for long term future. For tomorrow, I maintain my bullish bias in NIFTY .
2. I'll change my view when NIFTY drops below 9030-9000 zone.
3. I think tomorrows day may decide the trend for next week.
For point 1, Now I am not sure about bullish bias as NIFTY closed below 9050, but did not fell with momentum.
For point 2, Yet to change my side.
For point 3, I was wrong anticipating today as decider day.
From the price action today
1. NIFTY lost -0.74%, BANKNIFTY closed deep in red -2.57%.
2. VIX fell by another -1.84%
3. NIFTY and BANK NIFTY both candles are weak.
4. Advance Decline ratio is 24 to 26. Neutral.
I plan to do a detailed post over the weekend about the weekly view, But what I can say, I am very reluctant to go short in this market. I dont know if we can get a decent bounce with momentum, but overall downside looks very slow and weak.
Trade Log NIFTY May 11About trades today.
I sold 9300 PUT as there was a gap up opening above 9350. This position is trapped. I squared off the position for loss.
I also squared off my positions from Friday.
I hold 9500 CALL. That position is open.
NIFTY Opened gap up above 9350 and sustained there for some time, like 30 minutes. But then it was straight down day. So 9340-9440 is a hard to break resistance zone.
I have the following observations about today's price action
1. NIFTY has opened gap up and closed the gap. This has happened 3rd time in last 5 days.
2. NIFTY showed follow through on the downside after breaking below 9350.
3. VIX fell little less than a percent.
5. Advance Decline ratio 30:20 , on positive side.
5. BANK Nifty fell down 2%, mostly due to ICICI Bank
I read this action as
1. I assume now some momentum is gathered. If NIFTY breaks below 9130, this fall will touch 9000 region.
Trade Log NIFTY May 5
In my yesterdays review, I made the following points
1. This fall now wont be as unidirectional and steep as the March fall.
2. There will be choppiness with negative bias.
3. 8300 is not short term bottom.
4. The first bounce if any tomorrow will likely to fail.
Point 3 and 4 were confirmed by today's price action.
I have the following observations about today's price action
1. VIX did not dropped significantly. This means this continuation did not surprise or created fear.
2. The sell off after 1.30 was steep. And there is no climax action today.
3. Bank NIFTY under performed severely. 4. Breadth was not too bad considering the points lost, but banks contributed to the losses.
4. Option writers consider 9400 -9500 unbreakable by May 7.
All this means
1. Trend is confirmed as negative.
2. This drop in now entering the choppiness zone of last rise, 9000 - 9150, This is likely to offer first support if any.
For tomorrow,
1. Today NIFTY did opened with positive global clues but could not sustain. I expect some gap down opening if there are even mildly negative news.
2. I do not have clear idea, but my hunch is tomorrow again will be a down day with mostly some support discovery around 9050-9150 region.