Because of the non-ending scam sites here and there, the purpose of which is to rob people of their hard earned money. I am making this thread to share what I have learned about the true nature of trading.
The reason I do this? Simple.
Pay it forward. If this helps you, then help others also.
Someone taught me some of the principles I learned for free. I'll do it for free also. Pay it forward not scam people.
If possible, I try to minimize the discussion of theories because it's boring, I'll try to keep it simple and brief. You can do further research as I have done in the past. What I will be sharing here is a shortcut of my lifetime research.
Also it's December now, so I will be more liberal.
This trading based on value can be used to trade all the markets, forex, crypto, stocks, and etc.
I mostly trade in forex and just recently got interested in crypto.
So for now, let us use Forex charts for uniformity.
Theory behind trading value. The basis of it all.
I would like to discuss it but I think someone discussed it better.
So please take your time and read what he said. It is the fundamental principle in trading.
This is the mean price for the day unless price re-calibrated to much higher or lower value.
Assess the value always using daily open line for intraday trading. Let us only discuss intraday trading. Maybe I'll discuss swing trading soon.
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Bakit tuwing magpopost ako, nacoconvert sa editing ng last post?
Hindi ko mahati yung thread into topics.
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Application to cryptocurrencies. This is what we call recalibration. I will discuss more on this.
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Oh my goodness. I cannot break the thread into topics, it keeps on returning to previous post and edits it.
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Next is market structure.
Market structure is based on sound logic not on any nonsense.
wow, salamat may new learnings nanaman ako. as of now SMC combine with ICT concept inaaral ko. dagdag confluences ko na lang po to salamat po.
follow po kita master, para updated ako sa post mo dito. as of now paper trading lang muna ako, malaki na kasi talo ko dahil fear and greed pinapairal ko. yan dapat kasi inuuna pag dating sa trading malaking factor yan master. salamat sa share talaga, e dag dag ko na sa pag aaral yung daily open libe po sana mag work sa crypto.
wow, salamat may new learnings nanaman ako. as of now SMC combine with ICT concept inaaral ko. dagdag confluences ko na lang po to salamat po.
follow po kita master, para updated ako sa post mo dito. as of now paper trading lang muna ako, malaki na kasi talo ko dahil fear and greed pinapairal ko. yan dapat kasi inuuna pag dating sa trading malaking factor yan master. salamat sa share talaga, e dag dag ko na sa pag aaral yung daily open libe po sana mag work sa crypto.
check if we are above/below Monthly Open (color purple)
check if we are above/below Weekly Open (color yellow)
So since nasa baba tayo ng monthly and weekly open, mas madali mag trade ng SELL only, pero hindi ibig sabihin walang opportunity for buy (will discuss later), mas easy lang ang sell trade.
Medyo naconfuse po ako hindi ko po makita yung weekly open parang nakikita ko lang po yung daily open (yellow dotted line) at Monthly open (Purple Line). Is it possible po to show us another example for crypto po sana para mas align po sa tinitrade. I appreciate it for sharing.
One last thing po pala pwede po pashare ng pine script o kung paano nyo po ginagawa yung magkakaroon ng line for Daily open, Weekly open at monthly open?
Trend trader ako, minsan lang ako nagka-counter trade, strike were volatility goes. It's up to the bank anyways. Set ko na to sa BE, inaantok nako at tapos na ako sa currencies.
I don't really feel optimistic about this trade, so BE nalang, good night.
Magenta = daily open
Gold dotted = weekly open
*monthly open not visible