HOW-TO GRID TRADE: Show Me The Money (Tutorial #3)HOW-TO GRID TRADE:
Show Me The Money (Tutorial #3).
When I started this Grid Strategy Tutorial Series , I assumed readers would understand the profit potential straight away. I was wrong! Perhaps, because as I told my personal story and evolution into grid trading, I mentioned that I used grid trading for my "side money" (money I was not actively trading with other strategies). Yes, that's true. Initially, I just wanted an ROI on this otherwise dormant extra capital that was sitting at an exchange earning nothing.
NOTE: If chart illustration above overlaps or is unreadable, there is a screenshot below.
MY EPIPHANY
It was when my passive "Grid Trading Side Project" started earning a better ROI than my hands-on active trading that I had my epiphany! No way was I going to give up on the other styles of trading I enjoyed, but when it comes to making money consistently and with far less risk... hands-down, it was grid trading I decided to master.
A TUTORIAL SEGWAY
I decided I'd throw some backtest results out so you could get a taste of what I'm talking about. Of course, the backtests posted here are in NO WAY predictive of what the market might deliver at your doorstep tomorrow, but I think you get the point. Many hundreds of real people have also shared there active results with me, so there is ample validation about the viability of this strategy.
My personal results and those of others I coach are impressive, to say the least. However, we've lost money too, IT'S CRYPTO TRADING for crying out-loud. But like anything, you keep at it, you learn from others, you use indicators, you get better, you win some, you lose some, you master it and then... the winning results will exceed your losses. It doesn't take long at all. And YES, there's money in them there grids!
MORE RESULTS...
HOW TO I SEE MY POTENTIAL PROFIT?
Want more current results? Want to test your favorite coins? DO IT NOW... You may test any cryptocurrency at any of your favorite exchanges and get instant backtest results by visiting a grid bot or automation platform. Backtests are simple, fast and impressive.
THIS IS THE THIRD IN A SERIES OF GRID STRATEGY EDUCATIONAL TUTORIALS
I hope this tutorial series helps increase your bottomline!
HOW DO I LEARN MORE?
1) Review my related IDEAS and TUTORIALS (linked below)
2) Explore my GRID INDICATORS (linked Below)
HOW DO I AUTOMATE MY GRID STRATEGY?
Additional help and recommendations are at the bottom of this tutorial.
PLEASE HIT THE LIKE BUTTON (and follow me... lots of great stuff in the works!)
As always, I appreciate your support. Please share with others.
ENJOY!
Dan Hollings
Master Crypto Grid Trader
Please Explore My Other Indicators, Scripts, Grids and Educational Ideas.
@ DanHollings on Tradingview.
Profits
BCHUSD Head and Shoulders! Hello Traders!
Welcome to another update,
Today’s analysis will be on BCHUSD, a potential head and shoulders!
Points to consider,
- Overall up trend, putting in higher lows
- Price currently testing support and potential neckline
- RSI coming into tightening apex
- Stoch in neutral area
- EMA’s acting as resistance at current given time
- Volume tapering off on right shoulder
- The .50 and .618 Fibonacci has acted as resistance to price
BCHUSD may well be forming a head and shoulders pattern that could be on the verge of breaking bearish. Price is currently testing the upwards support line which is in confluence with the .382 Fibonacci and local support zone.
The RSI is in a equilibrium, coming into its apex, it will break in the near future, whilst the stochs currently neutral, momentum could go either way…
EMA’s are currently giving price strong resistance at current given time; there is so much confluence in this area proving that a break is imminent!
A break bullish will push price to retest previous resistance zones, which are the, .5 and .618 Fibonacci zones respectively. A break bearish could see BCHUSD tank to and below yearly lows…
What are your thoughts, will BCHUSD head and shoulders pattern come to fruition?
Please leave a like and comment
And remember,
“Focus, patience, wise discernment, non-attachment —the skills you acquire in meditation and the skills you need to thrive in trading are one and the same.”Yvan Byeajee
EURNZD Long Trading Idea EURNZD Trade Idea Long
SL: 1.72268
ENTRY: 1.72880
ENTRY2: 1.73356
TP1: 1.73931
TP2: 1.74611
TP3: 1.75714
!!!DISCLAIMER!!!
Trading Foreign Exchange Currency Pairs (FX/Forex) and/or Contracts For Difference (CFDs) on margin carries a high level of risk to your capital. These derivatives may not be suitable for all investors. The information contained here is general in nature, provided without reference to your past, present or future financial situation. This information is general in nature and does not constitute advice or a recommendation to act upon the information or an offer.
AUDUSD Short Trading Idea AUDUSD Trade Idea Short
SL: 0.68121
ENTRY: 0.67982
ENTRY2: 0.67794
TP1: 0.67466
TP2: 0.67238
TP3: 0.66865
!!!DISCLAIMER!!!
Trading Foreign Exchange Currency Pairs (FX/Forex) and/or Contracts For Difference (CFDs) on margin carries a high level of risk to your capital. These derivatives may not be suitable for all investors. The information contained here is general in nature, provided without reference to your past, present or future financial situation. This information is general in nature and does not constitute advice or a recommendation to act upon the information or an offer.
AUDJPY Short Trading Idea AUDJPY Trade Idea Short
SL: 71.984
ENTRY: 71.881
ENTRY2: 71.733
TP1: 71.612
TP2: 71.413
TP3: 71.102
!!!DISCLAIMER!!!
Trading Foreign Exchange Currency Pairs (FX/Forex) and/or Contracts For Difference (CFDs) on margin carries a high level of risk to your capital. These derivatives may not be suitable for all investors. The information contained here is general in nature, provided without reference to your past, present or future financial situation. This information is general in nature and does not constitute advice or a recommendation to act upon the information or an offer.
EURAUD Long Trade Idea EURAUD Trade Idea Long
SL: 1.62829
ENTRY: 1.62914
ENTRY2: 1.63024
TP1: 1.63098
TP2: 1.63252
TP3: 1.63502
!!!DISCLAIMER!!!
Trading Foreign Exchange Currency Pairs (FX/Forex) and/or Contracts For Difference (CFDs) on margin carries a high level of risk to your capital. These derivatives may not be suitable for all investors. The information contained here is general in nature, provided without reference to your past, present or future financial situation. This information is general in nature and does not constitute advice or a recommendation to act upon the information or an offer.
GBPCAD Long Trade Idea GBPCAD Trade Idea Long
SL: 1.59689
ENTRY: 1.60446
ENTRY2: 1.60893
TP1: 1.61142
TP2: 1.61617
TP3: 1.62398
!!!DISCLAIMER!!!
Trading Foreign Exchange Currency Pairs (FX/Forex) and/or Contracts For Difference (CFDs) on margin carries a high level of risk to your capital. These derivatives may not be suitable for all investors. The information contained here is general in nature, provided without reference to your past, present or future financial situation. This information is general in nature and does not constitute advice or a recommendation to act upon the information or an offer.
GBPNZD Long Trade Idea GBPNZD Trade Idea Long
SL: 1.90796
ENTRY: 1.91203
ENTRY2: 1.91454
TP1: 1.91979
TP2: 1.92433
TP3: 1.93162
!!!DISCLAIMER!!!
Trading Foreign Exchange Currency Pairs (FX/Forex) and/or Contracts For Difference (CFDs) on margin carries a high level of risk to your capital. These derivatives may not be suitable for all investors. The information contained here is general in nature, provided without reference to your past, present or future financial situation. This information is general in nature and does not constitute advice or a recommendation to act upon the information or an offer.
USDCAD Short Trade Idea USDCAD Trade Idea Short
SL: 1.33894
ENTRY: 1.33695
ENTRY2: 1.3351
TP1: 1.33178
TP2: 1.32899
TP3: 1.32468
!!!DISCLAIMER!!!
Trading Foreign Exchange Currency Pairs (FX/Forex) and/or Contracts For Difference (CFDs) on margin carries a high level of risk to your capital. These derivatives may not be suitable for all investors. The information contained here is general in nature, provided without reference to your past, present or future financial situation. This information is general in nature and does not constitute advice or a recommendation to act upon the information or an offer.
GBPAUD Long Trade Idea GBPAUD Trade Idea Long
Shark Harmonic
SL: 1.80207
ENTRY: 1.80364
ENTRY2: 1.80575
TP1: 1.80872
TP2: 1.81159
TP3: 1.81614
!!!DISCLAIMER!!!
Trading Foreign Exchange Currency Pairs (FX/Forex) and/or Contracts For Difference (CFDs) on margin carries a high level of risk to your capital. These derivatives may not be suitable for all investors. The information contained here is general in nature, provided without reference to your past, present or future financial situation. This information is general in nature and does not constitute advice or a recommendation to act upon the information or an offer.
EURNZD Long Trading Idea EURNZD Trade Idea Long
Shark Harmonic
SL: 1.74058
ENTRY: 1.74301
ENTRY2: 1.74512
TP1: 1.74693
TP2: 1.75047
TP3: 1.75626
!!!DISCLAIMER!!!
Trading Foreign Exchange Currency Pairs (FX/Forex) and/or Contracts For Difference (CFDs) on margin carries a high level of risk to your capital. These derivatives may not be suitable for all investors. The information contained here is general in nature, provided without reference to your past, present or future financial situation. This information is general in nature and does not constitute advice or a recommendation to act upon the information or an offer.
AUDCAD Long Idea AUDCAD Trade Idea Long
Butterfly Harmonic
SL: 0.89042
ENTRY: 0.89142
ENTRY2: 0.89234
TP1: 0.89370
TP2: 0.89507
TP3: 0.89720
!!!DISCLAIMER!!!
Trading Foreign Exchange Currency Pairs (FX/Forex) and/or Contracts For Difference (CFDs) on margin carries a high level of risk to your capital. These derivatives may not be suitable for all investors. The information contained here is general in nature, provided without reference to your past, present or future financial situation. This information is general in nature and does not constitute advice or a recommendation to act upon the information or an offer.
EURNZD SHORT trading idea EURNZD Short Idea
BAT pattern formed on EURNZD
ENTRY: 1.75618
SL: 1.75973
TP1: 1.75078
TP2: 1.74718
TP3: 1.74158
!!!DISCLAIMER!!!
Trading Foreign Exchange Currency Pairs (FX/Forex) and/or Contracts For Difference (CFDs) on margin carries a high level of risk to your capital. These derivatives may not be suitable for all investors. The information contained here is general in nature, provided without reference to your past, present or future financial situation. This information is general in nature and does not constitute advice or a recommendation to act upon the information or an offer.
CANNABIS STOCK - LONG-TERM OPPORTUNITY The Cannabis market is obviously promising.
The Potential of growth of this market is enormous,
if cannabis becomes gradually just like any recreational activity and starts to compete with wine and spirits
for favorite way to be absent minded the potential of profit is gigantic .
Here we have a promising market, a company that is in loss for this quarter but that has sound financial balance sheets.
the classical good company in bad times.
Good time to buy. Its still uncertain if we can buy at around 29 or at around 11.
i think we have to buy now and latter buy again if the price goes down again.
or we can just wait for the StochRsi to get out of the oversold zone as a confirmation in smaller time-frames.
This is the exact time when the big Guys start to accumulate, maybe is the right time for us to enter with the smart money as well.
Feel free to put a like , follow or comment.
EURCAD BUY idea - SHARK Pattern EURCAD Trade idea BUY
SL: 1.46783
ENTRY: 1.47012
ENTRY: 1.47331
TP1: 1.47568
TP2: 1.47955
TP3: 1.48569
!!!DISCLAIMER!!!
Trading Foreign Exchange Currency Pairs (FX/Forex) and/or Contracts For Difference (CFDs) on margin carries a high level of risk to your capital. These derivatives may not be suitable for all investors. The information contained here is general in nature, provided without reference to your past, present or future financial situation. This information is general in nature and does not constitute advice or a recommendation to act upon the information or an offer.
INS Alltime Low Buy Signal 300% ProfitsInsolar Launching Mainnet Sept 30th & Expect a Reversal from alltime low. 3x Profits.
AUDNZD Buy Trade - SHARK PATTERN SHARK pattern on AUDNZD - Long Opportunity
ENTRY1: 1.05309
ENTRY2: 1.05461
SL: 1.05202
TP1: 1.05627
TP2: 1.05830
TP3: 1.06156
!!!DISCLAIMER!!!
Trading Foreign Exchange Currency Pairs (FX/Forex) and/or Contracts For Difference (CFDs) on margin carries a high level of risk to your capital. These derivatives may not be suitable for all investors. The information contained here is general in nature, provided without reference to your past, present or future financial situation. This information is general in nature and does not constitute advice or a recommendation to act upon the information or an offer.
EURUSD for a BUY! Bat Pattern EURUSD LONG
With both the Fed and European Central Bank about to release their Minutes from their latest policy meetings this week, the market will be carefully watching to see whether the statement will hint to any rate cut that would add to the Fed’s 25-basis-point reduction in July or the ECB’s first easing in a long time. Markets are also awaiting Fed Chairman Jerome ‘Jay’ Powell’s speech at Jackson Hole Friday when he is expected to give guidance on whether a rate cut is likely in September. The prospect of further U.S. rate cuts has increased since the yield curve between two-year and 10-year notes inverted last Wednesday for the first time since 2007, signaling that a recession is likely in the next one to two years. The Fed said in July that further rate decreases might not be needed following its first cut in over a decade, but investors will be looking to see if Powell gives a different view considering recent market activity.
A harmonic bat pattern has formed, giving us room to move to the upside. We like EURUSD to go long, will be looking to reassess if bears manage to break support at 1.10200.
Good luck and Happy Trading!!
!!!DISCLAIMER!!!
Trading Foreign Exchange Currency Pairs (FX/Forex) and/or Contracts For Difference (CFDs) on margin carries a high level of risk to your capital. These derivatives may not be suitable for all investors. The information contained here is general in nature, provided without reference to your past, present or future financial situation. This information is general in nature and does not constitute advice or a recommendation to act upon the information or an offer.
XAUUSD - Short Opportunity XAUUSD
The precious metal has moved over a $100 since the start of the month, bringing about plenty of opportunity for traders. The bulls seem to be exhausting and the bears look ready to put in a day shift. We like gold to go short, a break of $1504 will see us heading to our TP1 of $1492, a break of $1492 will see us approaching the region of $1474. SL is set for the previous high of $1527.24.
!!!DISCLAIMER!!!
Trading Foreign Exchange Currency Pairs (FX/Forex) and/or Contracts For Difference (CFDs) on margin carries a high level of risk to your capital. These derivatives may not be suitable for all investors. The information contained here is general in nature, provided without reference to your past, present or future financial situation. This information is general in nature and does not constitute advice or a recommendation to act upon the information or an offer.