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About Trading Strategies

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About Trading Strategies

Do you really like the way you are sticking or just see the trading is matched only, then slowly prefer?

Will the likes or dislikes of a method have any effect on the outcome of the trade?

If we don’t like the current method, will we be determined to stick with it to the end?

Assuming you absolutely love a method but it does not suit you, you can not understand it even if you have tried hard, will you persist until you learn it?

These are the issues that we need to discuss so that when we stand at the crossroads of multiple methods, we can choose the best method for ourselves. Please feel free to share this story with us so that we can learn from each other.

First of all, I would like to share some opinions with you as follows, based on my experience.

THE METHOD THAT ARE BEING PREFERED

As you know, The Blade uses Volume to analyze and apply Gann to timing, because these are the methods that I have proven that it suits me.

Indeed, I have been exposed to this method for so long, but perhaps due to many reasons that I can not master it. Of course, I have encountered a string of long-winded losses when using these two methods, especially Elliott waves.

Some of the reasons we do not fit in a particular method-the preferred method:

Thinking does not match the reasoning of the method, one is that we change with it, the other is to find a method that is more appropriate thinking. Often we choose 2.

Method is too difficult to understand, it takes a long time, not to choose the right book to read. Sometimes, if someone asks us to write a mind-written book, we are very grateful to them.

+ The application and learning experience takes more time.

Therefore, although I like it, I still can not apply Elliott wave,  since then, I never looked at Elliott anymore, I liked it so much, I still admire Elliott’s successful traders, but I will never learn Elliott anymore, I already have a volume.

WHAT ARE THE MOST COMPREHENSIVE TRADING MODELS?

Here are two completely different questions, I will set the point for each sentence.

First, the trader likes the most method. As per my view through the many trader class, they liked Price Action most, then to the Bollinger Bands, RSI, MACD.

IN THE FUTURE WOULD THERE BE MARKET PROFILE AND GANN?

The above methods are very useful, especially behind them is an extremely deep philosophical foundation. Therefore, if you like one of the above methods is praiseworthy.

As for the second question, what method is most suitable for the trader? I don’t know answer, because I do not know how the majority will think.

Our community is an evenly distributed group, which means that the amount of people who are fit for this method will be equivalent to the amount of people who are fit for the other.

All methods have their own merits, no good methods or bad methods, there are only appropriate and inappropriate methods. I am a little bit lucky to find a method that fits my mind, surely that will happen to you.

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WEBSITE

=> https://TheBlockchain101.com

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=> https://t.me/TheBlockchain101

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=> https://twitter.com/Blockchain101_

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=> https://www.tradingview.com/u/DrDarvas/

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Education

Pay Your Profit To The Market

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First of all, you need to understand: We all have good and bad reasons for losing profits made in forex trading, not losing money. Now we will learn more deeply and discuss how there are ways to get out of this.

Before you read, I want to share with you ‘Interest From Trading‘ that I collected.

ESTABLISHING STAGES TO TRADING

The obvious fact is that people who spend cash will spend less than those who pay by swiping cards. This is why, instead of touching, smelling like silver notes, cards with electronic payment process make us feel less money, because the money here is real but not true. The card is not real money, it breaks your feelings with the money you spend. When you do not “stick” to your money, you tend to spend more.

Think of poker chips, $ 1000 or $ 5,000 or more, just a plastic circle. Have you ever thought that if we traded real cash (not software), would you be more careful and put less risk in each transaction? Everything done to it has its reasons, governments are encouraging people to use the card for a variety of reasons, one of which is consumer demand and more closely control individual.

How does this relate to your trade?

With an online trading account, your account balance is electronic, they are not “real”, like a credit card. We are always responsible and more careful with touching, catching and easy to ignore the symbolic things.

I recommend periodically withdrawing your monthly earnings, withdrawing them and feeling them in your hands. So most traders do not do this, but still leave money in the account, let us next item below.

TRANSACTION AND SAY MEAT, EXCITING

Addiction is essentially the same as gambling addiction. People often do not know, do not recognize themselves as addicts or deny it when someone tells him / her that “you are addicted”, “you have problems in the trade“.

A trader is also addicted to risk. Having money, earning money in dangerous places, high risk brings good feelings, excites them. Just like alcohol or cigarettes, you will be more and more addicted. You place higher and higher risks (more and more transactions are over the day, and the amount of risk for each order is so large compared to your account balance, like your $ 1000 account. 1lb, 2lb).

If you let yourself fall into this situation, sooner or later (it will be very fast) you will burn 1, and many trading accounts. How dangerous this is. And as I said above, you do not touch – your trading currency, instead of the electronic numbers, the transaction is also very fast and simple with just a click, these things are very easy to make you become a trading addict.

I personally have been a crazy addict, have burned up many accounts, have made mistakes in trading,..That is one of the reasons I write, as a record, review and learn from your own mistakes, experiences.

You will definitely lose money to learn the necessary things, I just hope and wish you not to be frustrated with the way you are going, do not despair depressed when you have not earned money with foreign exchange transactions.

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WEBSITE

=> https://TheBlockchain101.com

TELEGRAM

=> https://t.me/TheBlockchain101

FACEBOOK

=> https://www.facebook.com/TheBlockchain101

INSTAGRAM

=> https://www.instagram.com/TheBlockchain101

TWITTER

=> https://twitter.com/Blockchain101_

TRADINGVIEW

=> https://www.tradingview.com/u/DrDarvas/

 

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Education

Crypto Long Term Investment – Dash

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Total supply: 8.3 million / 22 million

Market capitalization (rating): 1.5 billion (13th)

Feature: Dash aims to become a friendly e-currency and focus on scalable global payments.

Products of Dash

Dash, originally named Darkcoin, was created to provide a solution to Bitcoin’s lack of privacy. The creator of Dash, Evan Duffield, developed a new digging algorithm called X11 and used masternode to significantly reduce transaction time. With the goal of pursuing privacy, Dash uses a system known as Darksend and CoinJoin, which allows users to “shuffle” their coin into a pool of others to gain anonymity. Part of the bonus reward will be redistributed Dash Core, and they will use this money to develop and maintain the project. Budget and development proposals will be adopted by masternode.

Dash token mechanism

More than 8 million Dash is currently circulating in the market, the maximum supply is 22 million. In the first two days of launching, 1.9 million coin was dug, accounting for 10% of the total supply. Even Duffield says the reason for this is that when the Dash hard fork from Litecoin has caused a bug that hinders the difficulty of digging. Some users are still skeptical and claim that Dash was deliberately dug.

Dash uses the hybrid system between POW and POSe (Proof of Services), the diggers who ensure the safety of the network while the masternodes provide services and network management. 45% of the reward will be given to the diggers, 45% to the masternode owners, and 10% to the reserve for the operation and development of the network. Due to the low number of transactions in the network, the transaction fee is very low. In the four years of operation, Dash’s highest transaction fee is just over $ 1 and rarely happens. The current block time is about 2.6 minutes.

Dash’s executive team

Evan Duffield: founder of Dash, software developer

Ryan Taylor: CEO, former chief financial officer of Dash, hedge fund analyst and partner of the McKinsey Company.

Dash’s partnership

Dash started in 2018 with big explosions when establishing relationships with 20 partners, maintaining momentum throughout the year. With its recent integration, Dash has expanded its capabilities as a well-known digital currency and storage medium. In Venezuela, recent reports indicate that the speed of the merchants acceptance of Dash was up to 100% in a week, making Dash the most popular electronic currency in the country.

Demand Curve and Dash Inflation Chart

Exchange transaction volume and Dash transaction count

The net value graph and the number of active wallet addresses of Dash

Hash rate chart and capitalization of Dash

Dash Coping Chart and Dash Masternodes

Dash community interaction chart

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WEBSITE

=> https://TheBlockchain101.com

TELEGRAM

=> https://t.me/TheBlockchain101

FACEBOOK

=> https://www.facebook.com/TheBlockchain101

INSTAGRAM

=> https://www.instagram.com/TheBlockchain101

TWITTER

=> https://twitter.com/Blockchain101_

TRADINGVIEW

=> https://www.tradingview.com/u/DrDarvas/

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Education

Tips: Support and Resistance Line

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Delete everything on the chart

You do not want anything to distract you when you are looking for the most important support and resistance levels on the chart, temporarily leaving the averages, the retracement of the support line, the resistance. The importance is not that much and most trading methods are based on the exact resistance line, so we need to really see the chart clean before drawing.

Start supporting – resistance in weekly chart

The weekly chart is where I think it is best to start learning to draw support and resistance levels, because it gives us the clearest view of the most important levels that need to be addressed.

The example below is the support and resistance levels on the GBP / JPY chart in the weekly chart.

People will notice in this example that I shrink the chart again to see a two-year period and start analyzing, the areas I highlighted are the direction of price change, how this trend created

Day chart

Once you have identified and drawn the important areas on the weekly chart, then I move to the chart that I trade, which is the daily chart.

Why so? Because in the day chart, we zoom in more than the areas we are suspicious of in the weekly chart, analyzing them more closely. For example, in the chart of the week we highlighted 8 points worth noting, continue to see the day chart, 8 points to focus specifically on, continue to filter out in 8 points which points the most quality or more points beyond the 8 points above, so that the opportunity to find the command.

Let’s look at an example:

Note the daily chart above, I pulled the new zone at 184.22, considering this is a short-term level because I did not see it clearly in the weekly chart, but it’s clear that it’s important in the short term. So I bolded it.

What to do during the day (4 hours chart and 1 hour)

Continue to look at the 4 hour and 1 hour chart, looking at the places we highlighted in the week chart and the chart day.

Most of the time, I focus on day charts, seldom when I find anything important in a 1 hour or 4 hour frame, but people should also consider to be sure.

Take a look at the example below:

Note on the 4 hour chart above, I drew near 186.03. This level seems important but on daily and weekly charts it looks negligible.

Difference between main and short-term levels

In the charts above, there are some areas that I write as short-term, these are usually in the day chart. These regions are different from the main regions that are closer to current prices, so we are more likely to trade opportunities around these regions.

A key area is the area defined in the weekly chart, indicating that when prices move higher in these regions, there will be big moves happening here.

How long should I start watching the chart?

This is a good question. Look at the picture above is clear, I said, now summed up this section for everyone:

With a week chart, people look at 2-3 years to see the overview.

With a day chart, people watch about 6-12 months to see the overview.

With 4 hours chart and 1 hour everyone should watch for 3 months or less.

Please note this is just an estimate in my style.

Don’t “complicate ”  the chart

I have seen many trader sitting diligently painting each threshold, wall level to look real puppet. You do not have to draw every level you see on the chart, there is no trade in each level threshold?

Probably ask what is the most important threshold? Which threshold trade? I can not answer. If you draw too many levels of support and resistance, you will begin to over-analyze the market, misleading yourself to cause “paralysis analysis.”

There will be no perfect support line

It is not always necessary to draw the perfect line exactly the same as the high or low points of each candle, in many cases can not do. Valuable support lines can also be cut with candle shadows.

Let’s look at an example:

Support and resistance zone

The other point to remember about support and resistance is that they are not usually accurate, usually it is a region, not a price point.

By the way, if you would like to get more information about chart analysis. Click here.

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WEBSITE

=> https://TheBlockchain101.com

TELEGRAM

=> https://t.me/TheBlockchain101

FACEBOOK

=> https://www.facebook.com/TheBlockchain101

INSTAGRAM

=> https://www.instagram.com/TheBlockchain101

TWITTER

=> https://twitter.com/Blockchain101_

TRADINGVIEW

=> https://www.tradingview.com/u/DrDarvas/

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