Hey. I'm Mark. Shortly about myself: quit my major job to earn my way by trading and it exceeded my expectations. What I got from it that everything is possible, guys. Here will be the deals I make, some of the stuff to continue the learning curve and anything I found interesting to share with you. Disclaimer: None of this is financial advice, do your own research, share and earn. [ 12 years in trading, 4 years in crypto trading ] Here's one of them:  Each deal is a piece of art
Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTradesAfter some backtesting I realized that sometimes works and sometimes doesn't but is not that easy to make it profitable. How do you discriminate when to enter and when not to enter the trade? What is your exit? Hello! May you please clarify what exactly were you testing? It's not that easy at all indeed. But it all is possible. When I see a setup I use (I determine this before starting trading), I enter. But put strict limits on each position (risk-reward ratio, appropriate position size, stop losses). When I enter a position which does not comply with my trading plan (just because I decided to grab som eprofits and consider the position to be promising), I often move my stops to breakeven. When I lose, or feel that the position will bring be a loss or nothing, I close it and look immediately for new opportunities. By the way, when the position is pointless, I close it too to use the money in a more promosing position. Something like that. Cheers! As for price action pattern at the chart (actually any pattern), there is no pattern which always works. But you can manage your profits and losses. While entering every time when there is a DBHLC has negative expectancy in Bitcoin and Ethereum, I realized that if you do that while in a bear trend and keeping a small RRR it is profitable in the 1H timeframe. I was curious if you backtested it and you know if it only works well on a certain timeframe or in a trend market or given a correct exit. For what I feel about your trading style you have some rules but you are not very strict, instead you are using your gutfeeling, and I'm not saying that is a bad thing at all. Cheers! Definitely! There is no sense in trading the patterns which are not backtested. What time period did you choose for backtesting? I prefer smaller timeframes. What is needed to clarify is that in the majority of cases DBHLC and other patterns perform well in conjunction with other instruments. For instance, if a DBHLC appears at the bottom of the range, the pattern is less likely to work because it is the area of the buyers. Therefore, patterns must always be used in conjunction with other technical analysis tools to obtain fruitful results. |
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I admire people leaving their jobs to get focus in day trading. So hows the profit today?
Only when the decision is reasonable.. Not that cases of 2017, when non-traders were leaving their jobs and going nowhere after the crash Here are my profits for July - August  Detailed report on July trades is here: http://bit.ly/2OuIOFo |
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Hey. I'm Mark. Shortly about myself: quit my major job to earn my way by trading and it exceeded my expectations. What I got from it that everything is possible, guys. Here will be the deals I make, some of the stuff to continue the learning curve and anything I found interesting to share with you. Disclaimer: None of this is financial advice, do your own research, share and earn. [ 12 years in trading, 4 years in crypto trading ] Here's one of them: Each deal is a piece of art
Follow me on Twitter to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTradesAfter some backtesting I realized that sometimes works and sometimes doesn't but is not that easy to make it profitable. How do you discriminate when to enter and when not to enter the trade? What is your exit? Hello! May you please clarify what exactly were you testing? It's not that easy at all indeed. But it all is possible. When I see a setup I use (I determine this before starting trading), I enter. But put strict limits on each position (risk-reward ratio, appropriate position size, stop losses). When I enter a position which does not comply with my trading plan (just because I decided to grab som eprofits and consider the position to be promising), I often move my stops to breakeven. When I lose, or feel that the position will bring be a loss or nothing, I close it and look immediately for new opportunities. By the way, when the position is pointless, I close it too to use the money in a more promosing position. Something like that. Cheers! As for price action pattern at the chart (actually any pattern), there is no pattern which always works. But you can manage your profits and losses. |
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Hey, one more interesting point. Look at Fear Index Dynamics: http://bit.ly/2Kz0onJIt indicated extreme fear when #BTC reached $9,500. Imo, there's nothing to be afraid of. As the price grew in short term and fluctuations in a wide range of $8,000-$16,000 are NORMAL. |
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Hey, one more interesting point. Look at Fear Index Dynamics: http://bit.ly/2Kz0onJIt indicated extreme fear when #BTC reached $9,500. Imo, there's nothing to be afraid of. As the price grew in short term and fluctuations in a wide range of $8,000-$16,000 are NORMAL. |
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🏁Trading results update 🏁 Crypto falling, capital growing Detailed report on July trades is here: http://bit.ly/2OuIOFo |
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🏁Trading results update 🏁 Crypto falling, capital growing Detailed report on July trades is here: http://bit.ly/2OuIOFo |
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Look what's here. 2 highly possible ways of movement. If $10800 is broken out, we may roll back even to $9500.  Boom! Reached $9,500. It worked guys 💥 (see the post retweeted). The price is not such a mystery. It only pretends to be!  |
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Look what's here. 2 highly possible ways of movement. If $10800 is broken out, we may roll back even to $9500. Boom! Reached $9,500. It worked guys 💥 (see the post retweeted). The price is not such a mystery. It only pretends to be! |
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Ripple, common! It's going crazy. Broken all support lines possible and impossible.  |
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Ripple, common! It's going crazy. Broken all support lines possible and impossible. |
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Catching bearish rally. Entered on the resistance rebound and hre we go with a strong support breakout. Enough for today.  |
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Catching bearish rally. Entered on the resistance rebound and hre we go with a strong support breakout. Enough for today. |
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BTC is breaking down the levels. What is the next..?  |
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BTC is breaking down the levels. What is the next..? |
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It is super cool. May I ask if you have youtube account to educate others how to read? I will follow you if you open one.
Well, I do not. Probably later as currently I'm afraid I won't have so much time due to my plans. Twitter is ok for me for now.. But in future thinking of that. Or Telegram channel! |
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Why 10,800, why not 10.700-ish? There is a daily moving average at 10.740, isn't it?
Yeah Took a bit upper. Basically, considering a wide diapason of the 3-4th of August price fluctuations to be the red flag levels, looking closer at each when the price enters the range. As the price acts not so accurate |
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Look what's here. 2 highly possible ways of movement. If $10800 is broken out, we may roll back even to $9500. |
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Look what's here. 2 highly possible ways of movement. If $10800 is broken out, we may roll back even to $9500. |
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