Topic: Traders For People (Read 289 times)

Thats great for having a crypto trading advice or tips and this will help much for everyone especially the newbies or a beginners people. Honestly, Im not a good trader but everytime Im doing trade, Im just analyzing on my own  about the chart whether the value is going up or down.

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.




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.




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.




Gearing/Perking (ABCD chart pattern)

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



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.



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.



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.



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.

In my opinion, if you have enough of the knowledge and awareness regarding the things and that you think that you can do well in trading, then you need to do it for yourself other than that of doing it for others. This won’t help you in making of enough of the earning and that you will only be putting so many efforts to earn a huge money and that too for someone else. You need to do it for yourself.

I think the first signal they share and that is free is to encourage people to come on to their group, but I believe the next is not free anymore you need to work on them or pay for them, but if you sense anything weird in between then it better to leave.

Oh, thanks for the quick reply.
Your tactic is interesting to close the position in parts. Greed does not allow me to immediately take this into service. Are there any statistical data confirming the feasibility of this method of trading?

With Pundi-x it turns out interesting. This was a significant drop in prices in a falling volume. Just where you would sell.

Thanks !

I like your question

Well, some explaining in the first post some of - in the answer above

Now please, explain, why we should share the profitable "signals" (again:) not for free? if we making money, why we should charge $$ for share it to others?
There is nothing TOPsecret here. Our point is simple: everyone can make money on cryptotrading (at least on this stage of cryptomarkets developing, comparing with  developt stages of financial markets ) and we just want to help people w/ this. Because, when you follow by paid "signals"(where 80% or more are trash) means, that you'll not learn how do trading by yourself, which means you'll never be trader at all, and at the same time you are thinking that you are realy trader

And why it should be wrong/bad/weird/etc to do it for free? I truely dont get it.

Also, point is like a cryptocarrency philosophy, if you know what i mean.

Thanks !

I like your question

Well, some explaining in the first post some of - in the answer above

Now please, explain, why we should share the profitable "signals" (again:) not for free? if we making money, why we should charge $$ for share it to others?
There is nothing TOPsecret here. Our point is simple: everyone can make money on cryptotrading (at least on this stage of cryptomarkets developing, comparing with  developt stages of financial markets ) and we just want to help people w/ this. Because, when you follow by paid "signals"(where 80% or more are trash) means, that you'll not learn how do trading by yourself, which means you'll never be trader at all, and at the same time you are thinking that you are realy trader

And why it should be wrong/bad/weird/etc to do it for free? I truely dont get it.

Also, point is like a cryptocarrency philosophy, if you know what i mean.

Well, hello there !

briefly about

We are a group of traders with great experience, which came together to share experience, knowledge and gain progress on the cryptomarket. As a result of this, we decided to create a closed group to manage a kind of statistics of our trades, but then came the idea to make the group public for everyone, who wants to start trading on the crypto market, who already trading and who wants to raise their level in the trading.

We, in real time, posting our trades (in a pleasant format), report important news on altcoins, publish summary statistics and periodically make our owen market view.

The principle of our trading strategy is also described.

Why we do this?

Well, there are many of "why", i'll write some of them.

To raise the level of understanding the market for most people who came to the crypto market or are going to come.
There is also a huge number of paid channels with so-called "signals", most of which are simply trash, and in order to show people that it is possible and necessary to trade / earn on the cryptomarket by yourself, without any paid / premium / VIP / super-private / etc channels.

Also, you can freely follow our trading system at any stage of your development as a trader.

I'm not a writer, so i think that's enough for preview







Also we'll be post here some info, TA and trades, from time to time.

Feel free to ask any questions.
                  


   

                              
                                 

Oh, thanks for the quick reply.
Your tactic is interesting to close the position in parts. Greed does not allow me to immediately take this into service. Are there any statistical data confirming the feasibility of this method of trading?

With Pundi-x it turns out interesting. This was a significant drop in prices in a falling volume. Just where you would sell.

Thanks !

One of the key to keep profit of midterm multi-day pump it's - sell partially (take profit partially) - because actually you can't know when pump is going dump

How can you know when you should sell your first part:

- After the first wave of pump, price usually making first stop, something like consolidation, around some "beautiful" prices like 0.00010, 0.000050, 0.0020, 0.000250 etc, or some strong levels. At this first price stop, you should sell part of your size (at least 40%).

- Then going second wave (in 60-70% it's a last wave), if there are huge 90 degrees candleson daily/less time frame chart w/ growing volume - it's the call to sell rest of your position (at least 80% of your amount you should sell). Also, there is a big dumping volume w/ a big dump candel that tell's that pump might be end here.
(if you see the exponential speeding chart it's always a call  to get ready for dump )

- But there's a chance ( smole chance, but still exist), that pump not over yet,and for that case you have that 20% of your position, which can make you some extra profit or in any case you'll sell with profit.

You should keep on eye on the chart. Manage your position.

This sounds like a nice initiative. I really don't like how so much people in crypto just pay for trading signals and just follow them blindly. If one group is over they have to look for another because, they still have no clue how to trade by themselves. Sharing those technical analysis for free is a great way to encourage people to learn more about crypto market.

BTW why two threads?

If you are trading in the mid term, I have a question.
There are excellent powerful movements for several weeks. Eg
https://coinmarketcap.com/currencies/oyster/
PRL November 2017-January 2018,
https://coinmarketcap.com/currencies/deeponion/
onion December 2017-January 2018. The distribution is clearly visible in both cases. Post factum. In one of these examples I was unable to determine the time out and still keep it)
How do you determine the distribution after a multi-day pump? NPXS realtime analysis example: https://coinmarketcap.com/currencies/pundi-x/

Thanx

Explain why you are sharing signals if you are good at earning on them? What is the point to share the profitable signals for free?

This can be interesting and useful. If you do not start, like many, make money on the signals.
Successes.