Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

Very interesting. I take it you used custom code in ninja to force the open to always match the close of each bar? Why did you do it? Is that something the original method creators suggested, or is it something you discovered? Can you expand on the rationale or benefit or how it came to be?

 

Aside from that, let's say you ended up on a given tape with the same TL/FTT situation I described, then what? Do both speeds have to FTT, or is it an either/or type of thing?

 

Yes,i used custom coding to get ninja to display de-gaped bars.It`s free,you can download it from NT Support portal,btw.The only shame about them is that they are not time based.But you can do some workaround drills to start to get uesd to them.And yes,Jack always said that having the de-gaped monitor is mandatory.He also used to say:''Do drills to learn how markets work''.

 

Go there,download the no-gap bars,and do the drills.Soon you`ll start to figure out is it`s either/or type of situation.

Share this post


Link to post
Share on other sites
Sure, here's one. I'm only showing price, in order to isolate the question I'm asking. I didn't want to comb back through charts, so I'm using today and have modified one TL to illustrate my question (i know it's not a correct TL now).

 

Assumptions: We have 3 BBTs, each with a 123ftt, and the overall Tape (green TLs) has a full volume cycle and incr vol after Pt3. Also assume we get a valid down tape after this.

 

That sets the stage for what I'm really asking, which is can we FTT the tape when the slower thing (tape TL) are a VE, but the faster thing (BBT TL) does FTT?

 

Or is it vice versa, we have to FTT the Tape (green TL) but it's Ok if the faster thing ends on a VE? Or do both have to FTT no matter what?

 

please see attached chart

 

39684d1433387137-price-volume-relationship-03jun2015_ftts.jpg

 

Today's chart 2015.06.03 ES

 

39685d1433387455-price-volume-relationship-es-06-15-5-min-6_3_2015.jpg

03Jun2015_FTTs.thumb.JPG.32532e515e79734829a5211eebe7825e.JPG

5aa712510db88_ES06-15(5Min)6_3_2015.thumb.jpg.280108c6ece0944c81fc414372d342d6.jpg

Edited by stepan7

Share this post


Link to post
Share on other sites

The drills is in the enclosed.Do as Jack says in there.Pick as much charts and start to annotate channels and volume.DO IT WITH THE GAPPLESS DISPLAY!

 

Therre is no shortcut - nobody would help you by posting a chart for you .Only you and your drills would lead you somewhere,probably.

 

Caveat.Jack had possesed some really good trait that some of the shamans and gypsies posses.When you`ll be working with the enclosed document,at some point, you`ll start to feel ''lack of roads'',"gobbledygook'',''gibberish'' - the readings start to overwhelm you,in other words.Don`t worry about this,pause,step aside.Outline the main points - resume.

Channels_for_BW_v2.2.pdf

Share this post


Link to post
Share on other sites
please see attached chart

 

39684d1433387137-price-volume-relationship-03jun2015_ftts.jpg

 

 

 

 

 

 

 

You have a comment on VE wait for next Bar. Where is m1,m2. I see the m1 (non dominant movement) where is the m2?

 

That FBP is decreasing volume, by definition that bar is non dominant. I dont see a return to dominance. If that bar was not an internal things would be different

 

Secondly I see that red container as a faster fractal traverse and not a traverse.

Share this post


Link to post
Share on other sites
please see attached chart

 

39684d1433387137-price-volume-relationship-03jun2015_ftts.jpg

 

Today's chart 2015.06.03 ES

 

39685d1433387455-price-volume-relationship-es-06-15-5-min-6_3_2015.jpg

 

Stepan7, thanks for the chart. I see what I'm calling a BBT and Tape, you're calling a Tape and Traverse. Using your terminology & the markup of the chart I posted, your Traverse doesn't FTT. It ends on a VE, but your Tape does FTT.

 

Your view, and what you've found over the years is that that's Ok? Remember, the assumption is that we get a valid down Traverse after that (forget that it was yesterday's chart & something else happened afterwards; using this as simple illustration of a general question). I'm only asking whether both speeds need to FTT in order to end the Traverse. Or is it fine if only the Tape FTTs and not the Traverse? Or if only the Traverse FTTs but not the Tape?

Edited by plantrader

Share this post


Link to post
Share on other sites

Quote from the late great Jack

 

"Sorry to be so tardy in responding.

 

I'll try to be thorough with my comments. These comments will remove the "sometimes" aspect of what you re sensing and processing.

 

Very good use of terminology. The terminology goes a long ways toward having a consistent logging process.

 

During any time you are using three nested fractals. The middle fractal is the trading fractal.

 

Anytime you are in trades and using MADA and annotating and logging. you deal with the fastest fractal first (FFF was the term used for shorthand).

 

Your comments concern the apparent lack of consistency after ve's. You also comment on WMCN during a ve.

 

This being the case, I will go thorough the order of events on the table and in doing so, I will remove the "sometimes" by drilling down to give you a "tree" that handles all the branches.

 

Let me give you the short answer first.

 

I apologize for past posts that may not have been clear to you. I have difficulty covering all the bases for everyone in any given post.

 

1. IF you see a VE test it for the zone which is a close on or beyond the original ltl.

 

2. Examine the next faster fractal pattern and see, if during the bar, the pattern completed. You know you know how to handle a completing pattern on a faster tractal. If there was completion, do the usual regarding the trading fractal which had the VE.

 

That was the short answer. And it is telling you to trade point to point on the trading fractal from now on. You earned the right by your awareness of doing steps 1 and 2 above.

 

Lets work further into the scene of WMCN coming into a VE and what happens after a VE.

 

As usual, volume leads price and this is how "sometimes" gets eliminated.

 

All VE's or ve's occur after point 3. This means volume has been dominant for a while and it (volume) is telling you something about how all three nested fractals are behaving. Look at you log and size up WMCN on each fractal, particularly with regard to volume and the P's and T's on those three fractals.

 

You are looking at arriving at a P or going further towards a P in the next few bars. Get the context by looking at the page number of your log. Look at the bar number of your log. Look at the market PACE and determine the contemporary PACE shift going on. This is just my "tuning" you up a little here and there. Context is where "sometimes" came from for you.

 

Look at the pattern and consider the five volume signals: P, T, P, T, P. Steps 1 and 2 handles the last P only. That is the next faster fractal was "completing".

 

The LTL is where peaks occur or where VE's occur or soon a peak will occur. So increasing volume is a context for coming to an ltl , going through an ltl and completing a faster fractal pattern.

 

3. If the volume is peaking at less than the max volume from pt 1 to pt 2 and the volume difference going from the minimum trough @ pt 3 then the trading fractal has also completed its pattern concurrently with the nest faster fractal.

 

So now you have context and 3 steps for consideration. We now look at the players and who is whom. Spyder has emphasized interbar gausian shifts and they are named IBGS. Here the intrabar context is examined.

 

As you saw, the zone was examined and you know that you know the prior bar WAS NOT IN THAT ZONE for the first VE occurance. What about when price is operating to make another VE or price is staying in the zone for more than one bar. Look to volume more closely and look at either side of the market: the dominant or the non dominant. You will be surprised, I believe. The "tells" are in how each side is behaving and just who is in the majority and minority.

 

This is tough to deal with at first but soon the intellect takes charge and "sometimes" goes away simply because you are in one or the other branch of a tree. I am taking you there to the branches so you can then, through experience, take the correct branch on each occasion of branching.

 

4. If the faster fractal did not complete, then you have to deal with a non dominant leg followed by a dominant leg to get to completion.

 

5. Toss in a bookmark at the extreme of the VE and watch volume and price work.

 

6. If you have 4. in play then treat the VE as a new point 2 and the FTT of M1 as the new point 3.

 

7. Your reversal on the extreme of the VE let you go through the IBGS, if any, on the correct side of the market. A IBGS is a good piece in terms of WMCN to complete a nondominant leg. In point to point trading, you trade M1 and M2. In FTT to FTT trading you sit through M1 and M2 to get the two legs of the faster fractal completed.

 

In this point I am asking you to get sharpe on volume and how it leads price. I am also asking you to get sharpe on the relative nature of either non dominant or dominant volume.

 

What you are reading is me going to where you are and opening door after door for you to begin to look through. As you do, you are satisfying a NEED that your mind has notified you that the NEED exists.

 

So several new pieces, for you, have appeared. you mind is calling each piece a "what". all of these "whats" have places to go to in your mind. They are goi9ng to "where" they want to reside. They will make friends with the pieces already there. They will begin to fit into your already orderly mind. All this collection of pieces is forming a spectrum all orderly according to the work the pieces do for you. The spectrum is called "differentiation".

 

You have accomplished a lot. Your mind is asking for more pieces so "sometimes" goes away and more "consistency" results from having a tree of paths that contain all the orders of events that can occur according to the system of MADA, the pattern and the interconnections of the nested fractals.

 

As all these "whats" find "where" the mind will be keeping them, you will notice there is an assembly line going on to build your mind into a differentiated organization. You are, thus, approaching unconscious competence.

 

Coherence, which you have, is a requirement for building the mind. In contrast, betting, prediction and money and risk management, are incoherent and the mind does not get built. All it does instead is the OODA loop of being like a fighter pilot in a death struggle.

 

Congratulations.

 

Trading simply becomes like driving a car when your mind becomes more or less differentiated."

 

Share this post


Link to post
Share on other sites
Sorry guys, I can discuss only things presented by Spydertrader at the beginning of this thread.

 

Stepan, since FTTs are part of the material, are you up for saying whether you'd ever end a Traverse on a VE bar? If yes, would the faster thing (tape) have to FTT, or do you feel both need to FTT? By definition, a VE is not a "failure to traverse" (it did traverse), so I'm just wondering what your long-timer view is. In the chart I posted, isolating only the question I asked... your Traverse ends on a VE. On that day (yesterday) it may not have ended there, but I'm only asking about that specific aspect.

 

Edit: I'm not sure what your view is, because you say on VE wait for next bar, but the next bar is the inside bar of a FBP which is a short formation & therefore means the inside bar can't be the FTT bar.

 

Nobody else has given an opinion on whether they personally feel both the faster speed & medium speed need to FTT in order to deem the medium speed thing as ended. Do you guys think it's either/or, or do both have to?

 

It's just opinion stuff, guys, don't be shy. If your experience tells you something, right or wrong, what is it? You don't have to know that you're "right".

Edited by plantrader

Share this post


Link to post
Share on other sites
Stepan, since FTTs are part of the material, are you up for saying whether you'd ever end a Traverse on a VE bar? If yes, would the faster thing (tape) have to FTT, or do you feel both need to FTT? By definition, a VE is not a "failure to traverse" (it did traverse), so I'm just wondering what your long-timer view is. In the chart I posted, isolating only the question I asked... your Traverse ends on a VE. On that day (yesterday) it may not have ended there, but I'm only asking about that specific aspect.

 

Edit: I'm not sure what your view is, because you say on VE wait for next bar, but the next bar is the inside bar of a FBP which is a short formation & therefore means the inside bar can't be the FTT bar.

 

Nobody else has given an opinion on whether they personally feel both the faster speed & medium speed need to FTT in order to deem the medium speed thing as ended. Do you guys think it's either/or, or do both have to?

 

It's just opinion stuff, guys, don't be shy. If your experience tells you something, right or wrong, what is it? You don't have to know that you're "right".

 

1. Please see attached.

2. Please see attached.

3. The Third Tape that made VE of Traverse did not continue (i.e. no Higher High) but made FBP.

Above is enough to exit/scale-down long position.

 

 

39687d1433453579-price-volume-relationship-et.2015.05.15.png

ET_2015_05_15.thumb.png.374b35873515b091d5fe4675dd551959.png

Edited by stepan7

Share this post


Link to post
Share on other sites
1. Please see attached.

2. The Third Tape that made VE of Traverse did not continue but made FBP.

Above is enough to exit/scale-down long position.

 

39687d1433453579-price-volume-relationship-et.2015.05.15.png

 

Thanks for the reply. Then in this instance (as an isolated question) the Traverse could have ended on a VE bar, correct?

 

Now for a general question, allowing that volume and other factors may impact your viewpoint, to end what you call a Traverse (I call it a tape, same thing) do you require "anything" to FTT, if not your Traverse then your Tape? Either/or? Or not necessarily either?

Share this post


Link to post
Share on other sites
Thanks for the reply. Then in this instance (as an isolated question) the Traverse could have ended on a VE bar, correct?

 

Now for a general question, allowing that volume and other factors may impact your viewpoint, to end what you call a Traverse (I call it a tape, same thing) do you require "anything" to FTT, if not your Traverse then your Tape? Either/or? Or not necessarily either?

 

1. Correct. It's candidate for new Point 1 down.

2. Tape/Traverse/Channel

3. Spydertrader: "Unless and until the Volume Sequences complete on each and every fractal then (and only then) can the Price trend change."

Share this post


Link to post
Share on other sites

 

Thanks, much appreciated. Sounds like for you (and spyder), as long as volume cycles complete, nothing actually has to FTT and ending on VEs is fine. Please let me know if I've misunderstood you and you do require at least "something" (some speed of container) to literally FTT no matter what. It sounds like you don't.

Share this post


Link to post
Share on other sites
Thanks, much appreciated. Sounds like for you (and spyder), as long as volume cycles complete, nothing actually has to FTT and ending on VEs is fine. Please let me know if I've misunderstood you and you do require at least "something" (some speed of container) to literally FTT no matter what. It sounds like you don't.

 

 

Always ask yourself question - "In order trend to continue - What must come next?"

Share this post


Link to post
Share on other sites
Thanks, much appreciated. Sounds like for you (and spyder), as long as volume cycles complete, nothing actually has to FTT and ending on VEs is fine. Please let me know if I've misunderstood you and you do require at least "something" (some speed of container) to literally FTT no matter what. It sounds like you don't.

 

You do need an FTT. The whole point is to trade FTT to FTT. If you dont get an FTT on any fractal then it is sub-fractal. There are times when tapes are built inside tapes, traverses are built inside traverses, whatever you call it . They are not on your fractal.

 

It is very easy to wonder off the reservation.

Share this post


Link to post
Share on other sites
You do need an FTT. The whole point is to trade FTT to FTT. If you dont get an FTT on any fractal then it is sub-fractal. There are times when tapes are built inside tapes, traverses are built inside traverses, whatever you call it . They are not on your fractal.

 

It is very easy to wonder off the reservation.

 

That was my point, and is why I asked the question. I simply read the responses for what they were, as varying understandings of this method. Now we're getting somewhere, a discussion. Apparently, some folks don't require a FTT as long as they have full volume sequence on the necessary fractals.

 

You say we need a FTT, I happen to agree. Now the question is to you...which fractal(s) do you feel need a FTT? Both, either/or?

Share this post


Link to post
Share on other sites
That was my point, and is why I asked the question. I simply read the responses for what they were, as varying understandings of this method. Now we're getting somewhere, a discussion. Apparently, some folks don't require a FTT as long as they have full volume sequence on the necessary fractals.

 

You say we need a FTT, I happen to agree. Now the question is to you...which fractal(s) do you feel need a FTT? Both, either/or?

 

You need an FTT of either, not both. Both would be ideal. If you do get an FTT of a container make sure you know which is the correct RTL to cross to stay on your trading fractal.

 

If you are going to speed up something make sure you know where the brakes are. Its like driving a car

Share this post


Link to post
Share on other sites
You need an FTT of either, not both. Both would be ideal. If you do get an FTT of a container make sure you know which is the correct RTL to cross to stay on your trading fractal.

 

If you are going to speed up something make sure you know where the brakes are. Its like driving a car

 

Thanks for the reply & opinion. That was my understanding of it also. It's good to hear what others who've been using this method for many years believe. Anyone else?

 

The topic about continuation (run-on tapes/traverses with multiple cycles) that necessitates RTL fanning vs legit change didn't go anywhere, maybe we can revisit that one again soon.

Share this post


Link to post
Share on other sites

Jack wrote several times on the subject of the relation between ftts on different fractals:

"An FTT on level 3 is and FTT on level 2 and the FTT on level 2 is an FTT on level 1. what follows an FTT on level 1 is a BO of the level 1 RTL."

 

Also, there is a discussion early in this thread between romanus and pointone about the ftt relation to pt1,2,3,ftt on other fractals.

Share this post


Link to post
Share on other sites
Jack wrote several times on the subject of the relation between ftts on different fractals:

 

 

Also, there is a discussion early in this thread between romanus and pointone about the ftt relation to pt1,2,3,ftt on other fractals.

 

Glad you found Jack's exact quote.

 

It's very important to stick to original Jack or Spydertrader sources and do not pollute brain with later "improvements" of JHM.

 

Stepan

Share this post


Link to post
Share on other sites
Glad you found Jack's exact quote.

 

It's very important to stick to original Jack or Spydertrader sources and do not pollute brain with later "improvements" of JHM.

 

Stepan

 

What or who is "JHM"?

Share this post


Link to post
Share on other sites
Can anybody post a link where spydertrader writes about "bbt", "equal weight of all legs", or such?

 

http://www.traderslaboratory.com/forums/technical-analysis/6320-price-volume-relationship-46.html#post96963

 

One of my favorite posts from Spydertrader. He may not have discussed some of these items much (or at all) in this thread, but he certainly did (a lot) off the thread during one-on-one's.

Share this post


Link to post
Share on other sites
http://www.traderslaboratory.com/forums/technical-analysis/6320-price-volume-relationship-46.html#post96963

 

One of my favorite posts from Spydertrader. He may not have discussed some of these items much (or at all) in this thread, but he certainly did (a lot) off the thread during one-on-one's.

 

Equality comes from volume and not price. The blue container up is faster fractal traverse with a volume cycle. The red container down is a traverse but since it was preceded by a FF traverse it is also a FF traverse with a volume cycle. And so on.

 

Spyder always said focus on the volume pane not the price pane. Gaussians match containers.

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.

  • Topics

  • Posts

    • Date : 25th November 2021. Market Update – November 25 – Solid US data lifts USD, Stocks, & Yields. USD (USDIndex 96.70) holds on at 16-mth highs; Strong set of US data yesterday GDP (2.1%) up a tick but missed by a tick, Claims (199k) at 52-yr low, PCE (0.4% m/m & 4.1% y/y), in-line & largest since Jan.1991, along with a big beat (5.9%) for GDP Price index, Durable Goods (0.5%) in-line, Personal Spending (1.3%) a big beat, Personal Income (0.5%) a beat, Trade balance a big beat (14.6%) on strong Exports, Inventories (-2.2%) a big miss, but shows demand is strong. Consumer Sentiment a beat and New Home Sales flat (745K) and missed. Stocks & Yields pushed higher, Oil held onto gains and Gold tested 3-week lows.   The FOMC Minutes showed (1) there could be a faster taper than the $15bn/mth currently planned, (2) Inflation could indeed be “persistent” (3) Clear division over 2022/23 rate hike cycle, Doves hold sway for now. US Yields 10yr trades at 1.644%, down from yesterday’s 1.694% high. Equities – Gains into the Holiday USA500 +10.76 (0.23%) at 4701 – USA500.F trades higher at 4713. USOil – peaked at $78.53 Inventories +1.0 vs -1.7 weakened prices – now at $77.65 Gold found a floor at 1782, but struggles to recoup $1800 at $1790. FX markets – EURUSD now 1.1216, having broken 1.1200, USDJPY now 115.36, from 115.50 & Cable back to 1.3350 from 1.3315 yesterday. Overnight – JPY PPI (1.0%) hit a 10-yr high, German GDP and consumer confidence both missed (1.7% vs 1.8% and -1.6% vs -1.0%) respectively. European Open – December 10-yr Bund future up 16 ticks, while US futures are slightly in the red. Bunds already outperformed yesterday, as EZ spreads widened in the wake of hawkish leaning ECB comments & confirmation that German finance ministry will go to the liberal FDP, which likely means more resistance to debt mutualisation across the EZ & more pressure on ECB to limit asset purchases. DAX & FTSE 100 futures are currently up 0.4% & 0.3% respectively & US futures are posting gains of 0.3-0.4%, suggesting markets are coping quite well with the prospect of less accommodative policies. Indeed, it seems to an extent that they welcome the CB’s acknowledgement that inflation risks could be less temporary than previously thought. Today – ECB Minutes, ECB’s Elderson, Schnabel, Lagarde and BOE’s Bailey Biggest FX Mover @ (07:30 GMT) CADJPY (0.20%) The rally from Tuesday’s low under 90.00 has been sustained with 91.25 being tested earlier today. MAs aligned higher, MACD signal line & histogram rising & over 0 line, RSI 61, H1 ATR 0.077, Daily ATR 0.707. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Date : 24th November 2021. Market Update – November 24 – USD & Yields Higher, Stocks Mixed, Oil Recovers. Trading Leveraged Products is risky USD (USDIndex 96.50) holds on at highs; EM currencies under particular pressure. (TRY lost 15% after Erdogan refused a rate rise). RBNZ raised rates but NZD fell (like the last time they raised rates!) JPY Inflation 2 ticks better than expected. USDJPY at January 2017 levels around 115.00. PMI data better across the globe, Stocks mixed in US & Asia, Yields bid, Oil recovered significantly and Gold pressured by yields. Biden invites Taiwan to its “Summit for Democracy”, WHO talks of additional 700k Covid deaths across Europe (Slovakia latest to talk lockdowns). US Yields 10yr trades at 1.667%, down from yesterday’s 1.684% high. Equities Mixed. Musk sold more stock, Banks & Oil majors lead. USA500 +7.76 (0.17%) at 4690 – USA500.F trades lower at 4684. USOil – rallied over 3% to $78.20 highs despite global strategic reserves being sold to cool prices. Gold found a floor at 1782, but struggles to recoup $1800 at $1790. FX markets – EURUSD down to 1.1245, USDJPY over 115.23, earlier now at 114.88 & Cable back to 1.3375. European Open – December 10-yr Bund future up 26 ticks, US futures also broadly higher. RBNZ delivered expected rate hike & markets seem to be scaling back fears of escalating inflation as even dovish leaning BoE & ECB members highlight risk of second round effects. ECB VP Guindos highlighted overnight that the drivers of inflation are becoming more structural, which adds to signals that the CB is finally ready to start reining in stimulus. DAX & FTSE 100 futures currently up 0.3% & 0.2% respectively. Today – Big data day ahead of Thanksgiving Weekend. – German Ifo, US Weekly Claims GDP, PCE, Durables, FOMC Mins. & ECB speak Biggest FX Mover @ (07:30 GMT) NZDJPY (-0.77%) RBNZ in-line but Dovish, sank from breach of 80.00 yesterday to 79.24, and 79.40 now. Faster MAs aligned lower, MACD signal line & histogram falling & below 0 line, RSI 35 & weak, Stochs OS. H1 ATR 0.17, Daily ATR 0.70. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • EURUSD HOVERS NEAR MULTI-MONTH LOW, UNDER 1.1250 LEVEL   EURUSD Price Analysis – November 24 Throughout the session, the EURUSD pair remained on the losing side and was last seen moving with considerable losses around the 1.1250-36 level. The announcement that the White House has opted to reappoint incumbent Fed Chair Jerome Powell for a second term sparked the recent strong dip. The spot is trading at 1.1253 at the time of writing, down 0.25 percent on the day. Key Levels Resistance Levels: 1.1525, 1.1422, 1.1300 Support Levels: 1.1200, 1. 1150, 1.1100 EURUSD Long term Trend: Bearish EURUSD has sunk to fresh multi-day lows, as seen on the daily chart, after extending the recent breach beneath the moving averages 5 around the 1.1300 level. This exposes the possibility of a deeper pullback and a re-test of the psychological support around 1.1200. Under the 1.1200 level, the euro’s underlying bullish attitude is in jeopardy. Overall, the EURUSD stays bearish while trading under the major horizontal support turned resistance and significant level at 1.1422. A breakout of the 1.1300 level, on the other hand, would aim for the 1.1350 level on the way to the 1.1400 zones. The fall of the 1.1200 zones, in the alternative scenario, is viewed as a bearish continuation indicator. EURUSD Short term Trend: Bearish The risk is weighted to the negative on the 4-hour chart, as the pair is developing below the firmly bearish 5 and 13 moving averages. Technical indicators have shifted to the downside, with negative levels. However, in the present scenario, the RSI has not yet reached oversold territory, allowing for more selling. On the upside, a break over the modest resistance level of 1.1300 might shift the intraday bias to neutral. On the downside, the 1.1200 zones provide initial support. The next important level of support is around the 1.1150 mark. If there are any more losses, the 1.1100 extension level of the low decline may be tested. Source: https://learn2.trade 
    • IS IT RATIONAL TO SETTLE FOR 10% RETURNS PER MONTH? “One of the secrets few know and fewer implement when it comes to trading success is that you have to really care about doing well. These days, I see a lot of traders not caring enough, not prioritizing learning about trading, and making pathetic weak-willed excuses.” – Chris T. Perfectionism – a bane of the trading world When people look for a solution to their trading problems, they tend to look for the solution in the wrong places, having the wrong mindset. One problem with most traders is perfectionism. For instance, we tend to go to those who promise us 50% to 100% per week or month. If someone gives an estimate of 5% profits per month, we would think that is too small. If an investment salesperson promises huge returns in a short period of time, we’re drawn to them. What if I tell you that 5% per month is good returns on your trading or investment, would you agree with me? Is 60% growth per annum not good enough? Many years ago, one of my mentors in the financial industry told me that, even 20% growth per annum is good. In schools, we tend to ridicule those who make average grades and praise those who make excellent grades. The same is true of the world of sports. Do you think great sports teams win all their matches always? No! But they do well over time. Are 10% gains per month too low? Now let me ask these questions: How much percentage do you earn on your savings account per annum? How much do you earn on your fixed deposit account per month? How many people can pay off their mortgages within one year? If you buy a bus, to use for commercial purposes, is it easy for you to recover your money in one year? Can you buy a property and sell it for 100% profit within 10 months? If you found a startup, how long do you think it would take you to start making profits? Please attempt to answer these questions yourself, based on real-life experiences. Now, back to the question that makes the last subheading: Are 10% gains per month too low? Why do we tend to be unrealistic and fallacious when it comes to online trading? Making 10% returns per month from Learn2.trade crypto signals One good thing about the margin trading of cryptos is that you can make money, both in bull and bear markets. You don’t make money only when the price is going up. If your timing and methodology are right, you can predict a downward movement or an upward movement and participate in them. Learn2.trade provides quality crypto signals to interested traders. Each signal comes with stop loss and take profit targets. Sometimes a trade is closed before the stop or the target is hit. We use 5 types of orders for the crypto signals. They are Instant Execution, also known as Market Execution, Buy Limit, Sell Limit, Buy Stop, and Sell Stop. Generating an average of 2 – 3 signals per day, we also use risk settings that are usually around 1% per trade and we attempt to gain more than we risk. As these signals are sent, we ensure that we also use them, practicing what we preach. Learn2.trade crypto signals – recent performances Please check the image below to peruse what has been made recently. You see can that we use stop loss, and use small lot sizes, relative to the size of the accounts. It just doesn’t make sense to bet too big on an individual trade. You can also see that we have both losses and profits. However, our average profits are bigger than average losses. That is the pedigree of a viable/ promising strategy: Make more money than you lose. Therefore, losses and drawdowns are also tightly controlled so that they don’t have significant effects on the account. These kinds of drawdowns are shallow, for recovery and eventual growth always happen. The markets are difficult but profitable Making consistent, regular profits from the market is hard, but success is possible. When the markets prove difficult, then we only need creative approaches. Markets will continue to prove uneasy and tough, but we will continue to make profits from them, no matter what. We target 10% profits per month, though we make more than this in most cases. 100% profits every 10 months is an enviable achievement. If 10% gains per month are compounded, the results in a few to several years will be amazing. Yes, you should be aware of the power of compounding. Join us today, in this journey of regular, monthly profits. Please see the image above, to know relevant metrics and figures of the recent results of the strategy behind the signals. You can join us here for, few free crypto signals per week: For Cryptos. Or you can hop in, and become our VIP right away, and enjoy all our crypto signals, up to 3 signals per day. Get access to the ability to make 10% or more per month. You can monitor our crypto signals trading performances here: L2T Crypto Signals on MyFxbook   Source: https://learn2.trade   
    • Yes trading currencies is much more risky than trading stocks, since they're not supported by central bank policy efforts but instead freely fluctuation in a very random fashion. Profits can create wrong impression that you learned how to trade but often it is just the product of pure luck. 
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.