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Fibonacci

CLQ0: Corrective Formation Oil has been very bullish as of lately; the September delivery contract is up by almost 100% from its YTD low. The hidden bullish divergence implies a significant amount of pullback continuation players in the market. Trying to follow the momentum by buying dips and being alert for signs of bearish reversal is the prudent approach. The risk of a fast bear action that sheds at least 1/8th of the value is ever more present the further upside oil sees from here.
NYMEX:CLQ2020Education
by Zoen_Trieste
1
Pulse of an Asset ala Fibonacci: Ether at minor Impulse Redux"Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Are the sellers still there? Enough to absorb the buying power? Reaction at Impulse is worth observing closely to gauge energy. Rejection is expected on at least first approach if not several. Part of my ongoing series to collect examples of my Methodology : (click links below) Chapter 1: Introduction and numerous Examples Chapter 2: Detailed views and Wave Analysis Chapter 3: The Dreaded 9.618: Murderer of Moves Chapter 4: Impulse Redux: Return to Birth place <= Current Example Chapter 5: Golden Growth: Parabolic Expansions Chapter 6: Give me a ping Vasili: one Ping only . . Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse. each line Gains its Gravity . each line Tried and Tested. each line Poised to Reflect. every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms. He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos. Ordered Chaos . . . want to Learn a little More? can you Spend a few Moments? click the Links under Related.
COINBASE:ETHUSDEducation
by EuroMotif
5
Spotting signals without staring at charts all day? [Advanced]Prologue & disclaimer, you can skip this: [ I am not talking about a strategy. I call this advanced because someone that has only been around for 3 months should be busy touching and looking at everything, soaking up info, someone around for 6 months should be busy backtesting and coming up with a decent method or strategy supported by a sufficient knowledge base. What the focus is here is how to generate ideas without wasting time. You're profitable or hoping to be, you've got a few years doing this, you're going to keep doing it for the next 30 years, you're not going to be staring at charts all day long just to spot something. Profitable strategies are complex, I seriously doubt something any idiot picked off the street can do will make money in the long run. An essential part of the strategy is knowing where to look. I guess most pro traders don't even do this step since they are hired to be experts at 1 thing and 1 thing only. "Looking for an Oil trader in the London region". I've heard of offers for FX & something, but those are portfolio managers, or managers for traders. I don't know how many people this applies to. What do equity traders do? Read the news, keep their ears open, and focus on companies they heard about? Day trading is still stupid. I thought I had a huge amount with 35 (4 commodities + ~10 currencies total of 31 pairs), and here investopedia is talking about building a primary database that contains between 300 and 500 stocks and a secondary list that fits on their trading screens. Haha ye sure ok. Scram. A site interviews a stocktwits troll "My stock selection preparation is done more on a weekly basis. 90% of my watch-list is created on the weekend, for the week ahead. At any given time I have 50–100 stocks I’m eyeing daily for potential setups.". The fact that 90% get rekt within months and quit, 9% barely make it and don't really know what they are doing, and 1% are complete autists and paranoid about losing their edge, makes finding that kind of info pretty hard. My watchlist barely changes, I always have 35 symbols in it. You want it big enough that you filter filter filter and go for the juiciest setups only, but hundreds LOL!!! netpicks "I day trade a watchlist of 10-25 names I spend 5-10 minutes 3 times a day scanning the whole list". Hedge funds hold hundreds of stocks currencies etc. What is this? It's like I am an OTP with a massive watchlist of 35. One Trick Poneys are always absolute beasts. Especially when they one trick complex high risk high reward things that others struggle with. And it gets worse the more abstract it is. I like it. I like it very much 😊 End of Prologue ] This is a marathon not a sprint. Have you ever been carrying a backpack or grocery bags and thought "hey this is quite light" and rushed forward only to get tired and have a hard time after 20 minutes, losing breath, losing your grip, and running out of energy? What about these trolls that sprint in actual marathons and lead the race... for about 50 seconds...? Then finish in 4-5 hours (Eliud Kipchoge holds the world record with 2:01:39 man grandpa broke the record at 34 years old, and he set the london record at 35, it's never too late max heart rate goes down with age but that's all, plenty of top marathon runners and bodybuilders are like almost 40, and those are physical activities, so imagine for mental activities that rely on experience and rational thinking NOT impulses, but excuse finders will always find excuses "I am too young too young to invest yet, and I have all the time in the world, and should focus on studies" followed by "I am too old now"). Absolute 😂😂😂 Short bursts are so much easier. Quick explosion and then you're done. Sweat alot and out of breath for a while, but done. Marathons are painful! Feels easy at the start but it gets difficult over time. That's enough explaining. What you want is to make it as simple and as easy as possible because your short burst motivation won't last. Myself, I want to have a focus that is small enough to stay performant and not exhaust myself, but I don't want it to be so small I miss out a ton. I'm going to go throught my thought process and come up with something at the end of this idea: I have a large watchlist... Would I miss alot? Solution 1: I keep my 35 charts and quickly look at them visually to get ideas, to get a quick "feel" of where the price is compared to where I want it to go. Solution 2: I go for 12-15 charts and spend more time on each thinking of all the possibilities and looking for more. You absolutely have to make it as simple as possible. I could remove some pairs. USDTRY I don't really ever touch. I don't remember ever doing anything with AUDCHF. But even if I reduced it I would want to keep 25 to 30 tickers in there. I can't be constantly scanning it. I don't look at indices much anymore, but still a bit, sorta need too I guess, and it's interesting. Looking at US indices and Bitcoin and Tesla breaks the routine, it makes it interesting, so that's part of the solution not the problem. I don't want to drastically reduce my watchlist, and I don't want to spend 2 hours a day looking at chart in a repetitive way. "2 hours work a day isn't much". Doesn't work like this. First of all it is repetitive and extremely boring. Check. Mate. Let's say I am looking for price reaction around support levels after an ABC. The strategy is advanced but I can divide it in steps: There's pretty much all I can think of here, not sure what else one would look at, maybe I missed something. When I have a potential setup I know how to analyse it, but the problem is in what order, more importantly how to get an idea? I can't spend 20 hours a day 7 days a week analysing every currency in depth. What is the simplest? 1- Draw supports on 35 charts once a week, set price alerts and go in more depth when an alert pops? 2- Look for reactions and then check it? 3- Do an analysis on 35 charts then set price alerts on the few levels I am interested in? 4- Look at the central bank calendar, and only pay attention to currencies moving (there's periods with certain currencies offering lots of trades and other ones doing nothing, no point looking at the ones not doing anything special or predicatable) It takes time but it is less boring than other ways. Imperfect. 5- This looks like the more viable direction, so let's dig into it more... ==> So then the question is, how often do I watch, and what alerts do I use? Better look at another now. Other examples of "dirty" ABC: And another question? How to know what the macro trend is etc? Can read news often but most Forex "news" is, going to use the correct word for it, retarded. And boring too. Absolute load of rubbish. Just read central bank announcements? I have yet to find an interesting media. Tried to post ideas myself but it's too much. I don't know if this is clear but it doesn't matter anyway. Just wanted to show the thought process. I did plenty of backtesting (I just posted a couple of charts here but I did hundreds more, not counting those I traded and those I backtested without this particular problem in mind in other words my experience). Basically I think the optimal lazy/reward ratio is with scanning my watchlist twice a week. More is greedy and I just won't do it (and end up missing out more), less is starting to be a little too little and I might miss out really often. You're not here to go and chase every little move. But you do want to grab some! At some point maybe we're all supposed to tire of it all anyway and go long term hold, or hire people. Going to fry my brain with too much thinking. So anyway I think I came up with this: This would make a decent template. Then all you have to do is fill the box with your method, system, strategi(es), preferences. What I need to keep in mind out of this: Step 1: Have clean charts with fib drawn (make a copy before vomitting all over it - I know I won't do it but I like to pretend) Step 2: Sunday & Wed: When it's not Bitcoin tier and actually resembles something ⚠️, spot the area of interest (10 sec top chrono 🚨). Price alert early into. Step 3: When I get an alert, that is a price alert ===> Then I go full TA. I have time. And it will take time. 90% filth ignored, rest gets a "reaction alert". Step 4: When I get an alert, that is a reaction alert ===> Verify, and well I know what to do w/e. Very few to keep an eye on at this point. If I spend too much time looking for an area to buy in then it's trash. The quicker I see it, the higher quality it is. If I can't do this correctly, a solution is to rent an office. Easier to do pointless boring stuff regularly with an office. Just need to go twice a week. But I really like this process. The NAZI lockdown makes it harder tbh, but with a semi normal life, following a process this simple is not a problem. I don't even see how I can make it smoother and simpler I think I reached the limit. That's all folks. Make it as simple and clean as possible. Good luck. The best system in the world is the one you stick to.
Education
by MrRenev
12
👨🏻‍🎓 The Fibonacci levels 👨🏻‍🎓 😊Guys, we are smoothly approaching the completion of the Technical Analysis section.👨🏻‍🎓🙌🏻 🧐Today I want to introduce you with Fibonacci levels. 💪🏻Let's start 💪🏻 👨🏻‍🎓 Leonardo Fibonacci is a great mathematician who lived in the XI century. ☝🏻 👉🏻The scientist deduced a number of natural numbers, which later began to bear his name. Each number in the series was the sum of the two previous numbers: 1 + 1 = 2; 1 + 2 = 3; 2 + 3 = 5 etc. The result is a series of numbers: 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc. Fibonacci numbers have some properties: 📌Division of any number of the series into the subsequent tends to 0.618 (the golden ratio in ancient Greek and ancient Egyptian cultures); 📌dividing any number of the series by the next + 1 tends to 0.382; 📌dividing the subsequent number of the series by the previous one tends to 1.618; 📌division of the number of the series by the second number preceding it tends to 2.618. Fibonacci numbers are often used not only in technical analysis, but also in physics, astronomy and other disciplines.💪🏻 ☝🏻 The technical analysis usually uses the number 0.618 or 61.8%, 0.382 or 38.2%, as well as the psychological half (middle) of 50%. ✔ Very often, based on these coefficients in the technical analysis of the market, Fibonacci lines, Fibonacci levels and Fibonacci periods are built. Fibonacci lines are built relative to significant highs / lows and represent support or resistance lines, from which they make a purchase or sale. Fibonacci numbers - the magic of numbers that works in everyday life. But it works with varying success in trading. ⚡ Please note, that the number of Fibo level workouts is much less than the number of failures. The same applies to other types of levels and various methods for constructing them. 💥 You can simply draw arbitrary horizontal lines on the chart, and ... oh that's mystic... they will also be worked out both in the past and in the future. 💥 🌞🌞My dear, if you have questions about the topic or you want me to continue the topic of TA, write about this in the comments✍🏻✍🏻✍🏻 Stay with me💋 Your Rocket Bomb 🚀💣 Below are links to previous TA ideas👇🏻👇🏻👇🏻
BITSTAMP:BTCUSDEducation
by RocketBomb
6
Lesson in Algorithmic tracking . 101If you see ads for trading schools about 3 trades that "will make you a millionaire." This is a set up that will make you $ 98% of the time or more. I've learned them trading crypto they might help in cannabis/ violatile stocks. 1st SWING HIGH: this is a bull run with a 23% retracement. A LOT of traders trade-off 23%. if the retracement breaks 23% it will most likely fall to 50% and it is also the defining factor in a SWING HIGH. Until the run retraces 23% do you know youll the swing is over the theh swing high is done. If 23% is supported it will probably go up but if you're in a stock and it breaks 23% retracement after a bull run be prepared to see 50% retracement. you probably have to long it to see any GAINS. STOCKS ARE NOT CRYPTO 2nd bots want to buy at the -50% that is what we see here that the price dropped past -23% into -50% and bounced up and became overbought. the bread and butter ( JOIN TRADE DEVILS DISCORD AND FOLLOW THEM ON TWITTER FOR THIS INFO) trade for these bots is -50%+23%+61%. so they want to buy the -50% sell at +26% buy again and then sell again at +61%. NOT TRADING ADVICE 3rd -61% to -64% is like finding bedrock if it goes past the -50%. Imagine pissing off a robot, not only a robot but a gambling robot. It'll make bigger wages and want to even out the bets. Set you selles at 68% and buy at 62% because it'll hit 64% and decide to die or go up. And going up means back to that +61% the bot wanted in the first place.I would set my buy at -62%right after it bounces from -64% meaning it bottomed out then I saw it start to move again and I picked it up. If it goes past 68% just don't touch it. Something bad has happened and it may take time to recovery. But it if bounces off the 61% then you just ride the botz all the way up. That's how you 'turn 500 into 5000000" and 'LIMBO OUT" that is what Ive learned while trading crypto. IN a perfect world this cycle would never be changed. AND STOCKS ARE NOT CRYPTO. or perfect.\\\ WHat do I think will happen. tomorrow? We will see that 61%.or retracement and then 61 later like tomorrow.
CEducation
by UnknownUnicorn5174798
Pulse of an Asset in Fibonacci: EOS.usd Ping rang in a bottom?"Impulse" is a surge that creates "Ripples", like a pebble into water. Each of the Ripples has precise bounds defined by the "Golden Ratio". Until a new Impulse occurs, the Price oscillates within "Energy Bands". Markets quite often ask "Give me a ping Vasili ... ONE Ping only please?" Some Pings are so clean you can almost HEAR them resonate off the chart. Such a Ping causes the Price Wave to STAGGER as if it received a concussion. Not all Pings start a reversal, but Most reversals start with a Ping. Every Ping increases our confidence in the entire set of Ripples. When the Pings stop, it is time to find the new Impulse at work. . Part of my ongoing series to collect examples of my Methodology : (click links below) Chapter 1: Introduction and numerous Examples Chapter 2: Detailed views and Wave Analysis Chapter 3: The Dreaded 9.618: Murderer of Moves Chapter 4: Impulse Redux: Return to Birth place Chapter 5: Golden Growth: Parabolic Expansions Chapter 6: Give me a ping Vasili: one Ping only <= Current Example . Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse. each line Gains its Gravity . each line Tried and Tested. each line Poised to Reflect. every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms. He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos. Ordered Chaos .
BITFINEX:EOSUSDEducation
by EuroMotif
2
Pulse of an Asset in Fibonacci: BTC Major Impulse Redux Round 2The Bull Run continues with only minor dips. Bulls are now back at the Bears' Impulse Zone. First try did not reach the Core, breach this time? "Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Are the sellers still there? Enough to absorb the buying power? Reaction at Impulse is worth observing closely to gauge energy. Rejection is expected on at least first approach if not several. Part of my ongoing series to collect examples of my Methodology : (click links below) Chapter 1: Introduction and numerous Examples Chapter 2: Detailed views and Wave Analysis Chapter 3: The Dreaded 9.618: Murderer of Moves Chapter 4: Impulse Redux: Return to Birth place <= Current Example Chapter 5: Golden Growth: Parabolic Expansions Chapter 6: Give me a ping Vasili: one Ping only . . Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse. each line Gains its Gravity . each line Tried and Tested. each line Poised to Reflect. every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms. He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos. Ordered Chaos .
COINBASE:BTCUSDEducation
by EuroMotif
6
Gamuda kembali mendaki. Gamuda trend reversal start pada 20 march. then buat retracement pada 30 march. Retracement pada 0.618 fibonacci menunjukkan petanda awal untuk strong uptrend. then break previous resistance at 3.03 dan menuju ke atas. trading idea buy entry pada 3.16 , stop loss pada 3.03 , take profit pada 3.40/3.45 iaitu pada fibonacci 1.618 atau resistant pada 5 march. Risk to reward ratio hampir dua kali. Dalam pada itu pada 8 april kumpulan wang persaraan telah beli 500k unit saham gamuda. Selamat bertrading.
MYX:GAMUDAEducation
by zuhailiprop