Topic: Traders For People (Read 388 times)

Here we go:

In the world of day trading, your ability to read charts is one of your greatest survival tools. Being able to understand the significance of price action can help you better understand how price will move in the future. To put it simply, historical price action helps us predict future price action. Of course, it’s important to note that we can never predict price action with 100% certainty. For that reason, we can use a combination of pattern recognition and risk management to place trades with higher probabilities of profitability.


Trend Lines

Trend lines can be used to analyze the trend for a specific time frame. If price is setting higher lows and higher highs, it is experiencing an uptrend. If price is setting lower lows and lower highs, it is experiencing a downtrend.

It’s very important to focus on trend lines that are relevant to your timeframe. For example, if you plan on holding  for a week, you want to focus on a shorter term time frame (such as an 4h/6h chart). These trend lines can be used to gauge momentum. They can also be used as levels of support and resistance.

http://tradersforpeople.ml/Trendlines.jpg


Support/Resistance

Support and resistance levels are very insightful risk analysis tools. A support level is a price level at which buyers historically overpowered sellers, and a resistance level is a price level at which sellers historically overpowered sellers. You can find support/resistance levels at static price points or by using trend lines.

http://tradersforpeople.ml/supportandresistance.jpg


Moving Averages

Moving averages are technical indicators used to smooth out price action. A moving average is simply an average of closing prices for a certain period. For example, a 200-day simple moving average on a daily chart would be the average of the past 200 closing prices. These moving averages can be used on charts from any timeframe (i.e. intraday, hourly, daily, weekly, etc). You may also use exponential moving averages (EMAs), which assign more weight to recent price action.

There is no perfect set of moving averages. Your goal is to use moving averages that help you make smarter trading decisions. You also want to be consistent with your analysis. For example, if you always use the 50-EMA on an hourly chart, stick with that approach. Moving averages are used to help you make smarter trading decisions NOT to validate your ideas.

http://tradersforpeople.ml/movingaverages.jpg


Gearing/Perking (ABCD chart pattern)

Gearing and perking behavior can allude to a change in momentum.

http://tradersforpeople.ml/abcd.jpg

The price runs up, reaches a level of equilibrium, comes back down and reaches another level of equilibrium. After that happens, the price starts to perk a bit off it's (current time frame) low, which may foreshadow an upcoming breakout. You can also use the previous equilibrium level (support) as a set risk level. Here's how this looks when using the ABCD pattern.

http://tradersforpeople.ml/gearing.jpg

ABCD pattern is one of the best chart patterns for new traders to focus on.

Buy Dips/Long Trades

Buying dips is a way of minimizing risk when you are anticipating a certain move. Essentially, you are buying into weakness and selling into strength, meaning you will get better fills when anticipating a move.

http://tradersforpeople.ml/buyingdips.jpg

For example, let’s say you are expecting price to breakout. You have the option to buy the breakout once it is confirmed OR you can start building a position in anticipation of the breakout. The latter option lowers your risk and increases your upside potential.
Accounting for risk is an important part of this anticipation process. You should always know how much you expect to gain if the trade goes in your favor vs. how much you could lose if the trade goes against you.


Double and Triple Bottoms/Long Trades

While price can theoretically drop forever, it will generally find short-term bottoms along its descent. These bottoms can be used to predict a short-term trend reversal, also known as a bounce.

http://tradersforpeople.ml/doublebottoms.jpg

When price double or triple bottoms, it sets a support level and re-tests that level once or twice. If the support level holds, we can use it to gauge risk for a trade. At this point, we’d be interested in seeing the price break a downtrend line or break above current time frame resistance for a nice short-term reversal play.

I think for the first part(for beginning) it's enough.
Later (i will try ASAP), i'll make a second part.

I think that it is interesting to find out more about successful traders. i think that it is necessary to find out what people should learn to succeed in trading and earn good money

Well I think I will recommend your topic and Article to every other guy, who would ask me about, how to start my career into trading cryptocurrencies? This is really insightful and detailed explained, thank you.

This is a very nice idea and I hope we would be able to learn from this group. I will try to follow you as a trader and if possible trade along your predictions.

Trading is something which most of the people want to do and that they are very much interested in doing so. The only problem which they face is the lack of knowledge and guidance and that this is the major reason because of which most of the traders also quit doing trading. You need to step into trading only when you have enough of the technical awareness and that you have someone who can guide you.

in my opinion this is a good idea where a group is created to increase the level of traders so that they can develop better, guided by pro traders makes training more intense and efficient than learning otodidax, and we can also raise problems in trading we experience more freely and get the solution quickly

Excellent knowledge, the Bitcointalk forum should to has more posts and thread like this to help the newbie and those who want to have more knowledge to trade the cryptocurrency. I think you should try to research some skills from Forex trading as Bollinger Band, Pivot Points or Ichimoku Clouds for trading cryptocurrency. Honestly, I used these skills helped me earned a lot of money from the cryptocurrency market.

Hehhhehe, I understang all things, but I cannot stand this. We are a group with huge experience and newbie accounts, lol!!

I think the trading community here welcomes all new initiatives from groups like yours, especially if you're not seeking profits from payment - sharing advice and strategies will never be frowned upon. Like you, I also think all the paid groups are rubbish at worst, unhelpful at best. Even the highest paid signals barely give you enough information about the decisions behind the trade - and no, a chart and a few lines of FA/TA is hardly the best information to justify most signals.

Full transparency would be appreciated. Every single entry and exit point, with full disclosure of order size against bankroll. Also shockingly missing from all these paid signal groups.

I decides to learning by doing, meaning practice with real money direct into real market. Try to my skill and believe in me is what I try to be done. I see you're good but I'm afraid I have to say not follow you, it will break what I built. Good luck with your program and I'll see you soon on the top. 

It's good to know that there is a innovative people that can start such thing, there will be easier for people. I think its decent aside from the bullish chart it can hardly be understand but overall I think your group would do something good for the traders here in the forum.

This might be useful, keep going !

wasn't sure which of this would be right

Any reason why you have two threads going on?

Oh, ok, thank you !

There is nothing wrong with pictures . You just can not post pictures as newbie account . If you want to move this restrict you may want to pay for copper account or just level you account up for free restrict removal ( This is a hard thing to do right now ) So just pay for copper account  .

still can't get it, what's wrong with pictures here ...

BTC review for now briefly

As always, we have two ways of future prices moves

Chart:
http://innovation-device.com/BTC%20May%2014.PNG

Actually, that's our two ways:

Pretty negative signal that Bitcoin could not keep above its month, quarter and half a year average prices, starting new wave of decline exactly from 10k level. 
Ahead of another one test of strong support zone in a range 7 000-8 000, which previously held uptrend from July 2017, where can be a huge buyers or a huge sellers which could change technical price view.
In case, if price will hold below this zone, probably we can see an impulse move to 4 500 - 6 000 range. And if price will hold this zone (7 000 - 8 000) above, we can see new buyers w/ 10 000 - 11 500 targets.

Nuls (NULS) "kind of gem" 

Have a big potential

Technically looks good

Buy area: 0.000515 - 0.000535
StopLoss: 0.000473
Targets:
1. 0.0005880
2. 0.0006447
3. 0.0006814
4. 0.0007443
=======

Midterm
Strong news in the end of May:

Mobile and PC wallet release
Explorer of the NULS blockchain will be released.
"The Main-Net commences," by end of May.

We are already in.

‼️ IMPORTANT NOTICE ‼️

When coin price made a first/4 TakeProfit, move your StopLoss to your enter price, for avoid huge squeez and save Profit.

Each position that we open is 10% from our deposit.