iillaa (OP)
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April 25, 2018, 08:37:00 PM Last edit: May 11, 2018, 03:24:32 PM by iillaa |
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hey guys am not saying am pro or something am also a newbie and i found that those 4 TA basis are so great and can be helpful in your trading and am so sure that
lot of people dont know them ( newbie or lazy xd ) so i hope you learn them , master them and move to a higher level
since am not a good explainer i will just refer you to a YouTube video
https://www.youtube.com/embed/-PPkTLov6VYhttps://www.youtube.com/embed/B8-_Mxz0Weghttps://www.youtube.com/embed/Kz6-8nQLRHMor https://www.youtube.com/embed/Ytr__kKKYBA
hhhh put video speed to 1.25 https://www.youtube.com/embed/bDLxjM_RnnMEdit and in order to practice every new TA skill you learn visit this great and free website https://www.tradingview.com/markets/cryptocurrencies/ also you can follow some traders analysis there but never trust anyone on your money they are sometimes wrong or the precise description is the use of TA with a subjective way like forcing it to see what we want while TA must be used in an objective wave combined to lot of other things which the simplest is news like my friend say buy the fud and sell the news hhhh ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) hope you enjoy learning and also i will be glad if more experienced traders share in this topic some advices or trading strategies ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) [/list] update : Now did you guys ever wonder what is sma and ema ? those blue, red and yellow lines ? They are called moving average and they are a must to learn because they are helpful . as usual its better to have an illustrated explanation from pro traders so enjoy those 2 videos ( i recommend to watch several times then go practice using trading view platform ) moving average explanation https://www.youtube.com/embed/4R2CDbw4g88How to Trade Moving Averages https://www.youtube.com/embed/5rMkQurfxrEupdate 2 : time for you to learn another basic TA and this time its volume volume is a must to know and you can confirm if the market movement is valid or no ( for example a pumped coin will have small volume but a high price change so stay away and dont get fomo on it ) so i picked 2 video to understand Volume Indicator that i hope you enjoy Volume Indicator Trading Part 1 https://www.youtube.com/embed/wfySsU4JO3gVolume Indicator Trading Part 2 https://www.youtube.com/embed/depNunVItWE
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Fatunad
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April 25, 2018, 08:56:46 PM |
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trend lines Support and Resistance
These two things are just enough for a newbie to start up trading which support and resistance identification and trend lines can really help you to identify which price and when you will enter once you do have an analysis basing on what you do see on your TA. Might not really be accurate into crypto trading but its better yet you do have already the basis towards into your possible actions. Fibonacci and Eliot waves is somehow an advance lesson for you to add up if you are really willing to learn on it.
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iillaa (OP)
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April 25, 2018, 09:16:13 PM |
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Fibonacci and Eliot waves is somehow an advance lesson for you to add up if you are really willing to learn on it.
yeah but we cant just stay newbies for life for me i learned them from a while and i know im using them in a superficial way since you need to combine other TA stuff as well but i already used fib in some trades and it work in some but the main problem i face is the stress and whether i buy or sell .. taking a decision is the hardest decision in trading for me .. also i think we should only focus on 1 or 2 tokens max in order to make successful trades ! or what you think
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jmlona
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April 25, 2018, 11:22:49 PM |
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i already used fib in some trades and it work in some but the main problem i face is the stress and whether i buy or sell .. taking a decision is the hardest
No amount of TA and skill in reading the markets will be able to allow you to outperform someone who has their emotions under control. IF decisions are difficult for you then you probably have too much money invested in to cryptocurrency and you need to reevaluate.
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iillaa (OP)
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April 25, 2018, 11:59:42 PM |
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i already used fib in some trades and it work in some but the main problem i face is the stress and whether i buy or sell .. taking a decision is the hardest
No amount of TA and skill in reading the markets will be able to allow you to outperform someone who has their emotions under control. IF decisions are difficult for you then you probably have too much money invested in to cryptocurrency and you need to reevaluate. no just new to the business and trying to get used to it ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) am not a panic seller if you wonder i am basically holding rn but the idea of trading is making more money which we are discussing here while trading using emotion is something else like fud .. fomo .. panic sell and etc thats what i think anyway
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jmlona
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April 26, 2018, 10:57:51 PM |
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i already used fib in some trades and it work in some but the main problem i face is the stress and whether i buy or sell .. taking a decision is the hardest
No amount of TA and skill in reading the markets will be able to allow you to outperform someone who has their emotions under control. IF decisions are difficult for you then you probably have too much money invested in to cryptocurrency and you need to reevaluate. no just new to the business and trying to get used to it ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) am not a panic seller if you wonder i am basically holding rn but the idea of trading is making more money which we are discussing here while trading using emotion is something else like fud .. fomo .. panic sell and etc thats what i think anyway That's how it came across, I understand having some uncertainty in your decisions and wanting to be as sure as possible it is correct but there is no certainty and you have to learn to be bold and back your decisions. Emotion should factor in to every decision you make but it should not be the overriding factor.
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Victorycoin
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April 26, 2018, 11:44:08 PM Last edit: April 27, 2018, 12:02:00 PM by Victorycoin |
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i already used fib in some trades and it work in some but the main problem i face is the stress and whether i buy or sell .. taking a decision is the hardest
No amount of TA and skill in reading the markets will be able to allow you to outperform someone who has their emotions under control. IF decisions are difficult for you then you probably have too much money invested in to cryptocurrency and you need to reevaluate. Do you really understand what you're saying and what would you be putting your emotions under control for if not to follow the dictates of your studies and market analysis? You can say that some trading tools are better suited than others, especially when a trader is able to effectively put them to use, but it's unfortunate may traders especially newbies are so much in the hurry and miss to see the place of making informed trading decisions. OP, I think, Elliot wave is too advanced for a newbie and instead Bollinger band should make the list.
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harizen
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April 26, 2018, 11:54:56 PM |
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Just a bit of reminder that it's not a mandatory thing to learn especially for newbies. What they must build is experience. Learning those trading terms while still on newbie will just lead to so much confusion. Those terms will automatically be learned all the way.
Im not against those TA's but prior for newbies to learned that, they must understand that TA's especially on altcoins can be spoiled since they are heavily proned to manipulation and whales movement. Altcoins doesn't have a fixed correection and some of them are having a slow volume movement for a long period of time.
There are lots of people who become success in trades without knowing that in their early phase. What matters here is, people must understand the risks. Anyways it's a good reference that's why TA was part of my recipes when doing analysis.
Thanks for the share.
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jmlona
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April 27, 2018, 11:24:36 PM |
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i already used fib in some trades and it work in some but the main problem i face is the stress and whether i buy or sell .. taking a decision is the hardest
No amount of TA and skill in reading the markets will be able to allow you to outperform someone who has their emotions under control. IF decisions are difficult for you then you probably have too much money invested in to cryptocurrency and you need to reevaluate. Do you really understand what you're saying and what would you be putting your emotions under control for if not to follow the dictates of your studies and market analysis? You can say that some trading tools are better suited than others, especially when a trader is able to effectively put them to use, but it's unfortunate may traders especially newbies are so much in the hurry and miss to see the place of making informed trading decisions. OP, I think, Elliot wave is too advanced for a newbie and instead Bollinger band should make the list. I fully understand what I was saying. The point being, if someone is great at TA but can't act rationally because they don't have their emotions under control, they won't perform well. Someone who knows little of TA but acts rationally at all times will be better placed to succeed. Of course someone who's an expert in TA and rational will outperform them all.
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Hemady17
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April 28, 2018, 12:57:33 PM |
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Nice post OP, the first three TA tools are the most basic tools although Elliot waves are something new to me. I think this will be very big help to me to improve my TA skills. Please continue share this kind of post here in our forum. Nice job for these I will give you some merit.
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iillaa (OP)
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April 29, 2018, 01:56:08 PM |
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Nice post OP, the first three TA tools are the most basic tools although Elliot waves are something new to me. I think this will be very big help to me to improve my TA skills. Please continue share this kind of post here in our forum. Nice job for these I will give you some merit.
hey thank you for the merit ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) glad you liked my post you can subscribe to this channel it give lot of great videos but put in mind that crypto is a little different from stock exchange Trading 212
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iillaa (OP)
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May 02, 2018, 03:13:09 PM |
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adding this post from this user that i liked https://bitcointalk.org/index.php?topic=3480090.msg36104883#msg36104883What's your opinion ? Which is better in the current state of the market ?
I prefer trading over holding, but if you're going to hold you need early entries into your tokens. You don't necessarily need to buy them at ICO price but don't wait until something bloats to 30-50x ICO price then decide to hold... and especially don't buy things in a parabolic runup thinking it's going to the moon. Often times noobs do this and get stuck bag holding and this is probably the worst scenario to be in over all others because you are losing money AND not actively growing your investment. The same applies to trading to some degree but with trading, you have to be more disciplined... you want early or bled out entries first and foremost because when you hit buy, it's really the only thing in trading you have 100% control of. If you get a good entry then deciding the exit is kind of a no-brainer... if you are in profit, it is a good trade.... anything that has parabolic green candles its time to exit.. and don't look for re-entries until a 50-60% correction into the golden zones of Fibonacci retracements. Trading is fundamentally harder because people become attached to coins when they are making considerable gains and get stressed out about losses when coins are dropping. In either scenario, you can't emotionally trade. Coins don't parabolic run forever and they don't go to zero either. Choose based off of your comfort level but whichever you choose, don't just hold all alt coins.. you must cost average mistakes and need BTC in buying opportunities to help your portfolio grow. Also never buy all in at one place and make sure you have some diversity. In summary: Trading is risky but be greedy with your entries.. better entries = easier exits.. and don't be afraid to exit when a coin is doing well.. any positive amount in a trade is a good one, and there's certainly always more coins to trade even if this one leaves you. Hodling works but you have to understand that hodling from ICO price and buying something much later when bloated on parabolic runups is not the same thing. Half the people advising you to hodl are either a) early adopters several X in profit or b) afraid that if they don't convince you to hodl, that they will end up losing. if you wonder what is that parabolic thing he is talking about ![](https://ip.bitcointalk.org/?u=https%3A%2F%2F4.bp.blogspot.com%2F-Ir_mQGIQJbo%2FWeJb-2RyDcI%2FAAAAAAAAAic%2FSj6tGHTFlFk3hMEOhnS1EeY7jffxfxaLACLcBGAs%2Fs1600%2FOXB_20171014_c.png&t=665&c=ZECynhjjq6Dpfg)
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bl3zzy
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May 02, 2018, 06:05:20 PM |
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thanks fir those links, i am still a learner, i hope i will be pro soon
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mast3rm1nd
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May 02, 2018, 06:37:21 PM |
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trading 212 is one of my favorite channels on youtube on the topic of trading and TA; I believe you should also include a link on moving averages and how to calculate risk and manage it, it's on the same channel.
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tesla80
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May 02, 2018, 06:47:39 PM |
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I expect a better explanation about elliot waves. There are more details in that theory such as length of lines. Also there are other minor waves in the bigger waves. They should be explained too.
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Cyber Security, Mobile Security, Web/Desktop/Embedded Programming, Electronics, M2M, IoT
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Ultra_io
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May 02, 2018, 06:54:07 PM |
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I expect a better explanation about elliot waves. There are more details in that theory such as length of lines. Also there are other minor waves in the bigger waves. They should be explained too.
Stay away from Elliot seriously, stick to support and resistance when you start TA.
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Quidat
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May 02, 2018, 07:02:16 PM |
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Just a bit of reminder that it's not a mandatory thing to learn especially for newbies. What they must build is experience. Learning those trading terms while still on newbie will just lead to so much confusion. Those terms will automatically be learned all the way.
Im not against those TA's but prior for newbies to learned that, they must understand that TA's especially on altcoins can be spoiled since they are heavily proned to manipulation and whales movement. Altcoins doesn't have a fixed correection and some of them are having a slow volume movement for a long period of time.
There are lots of people who become success in trades without knowing that in their early phase. What matters here is, people must understand the risks. Anyways it's a good reference that's why TA was part of my recipes when doing analysis.
Thanks for the share.
It will really give confusion but if they would really be serious on learning things up then they should embrace on such hardship on understanding it.You wont able to gain experience if you dont have any tools on how you do trade but you do have a point that it isnt really mandatory to learn up TA's but learning it as early as possible would really be a big help for you in your trading.
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tesla80
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May 02, 2018, 08:23:07 PM |
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Stay away from Elliot seriously, stick to support and resistance when you start TA.
Usually I don't listen advices without explanation. So I don't stay away from Elliot indeed, I will learn them and I will decide to stay away or not.
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Cyber Security, Mobile Security, Web/Desktop/Embedded Programming, Electronics, M2M, IoT
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iillaa (OP)
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May 05, 2018, 03:19:18 PM |
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updated ( moving average part )
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draajat
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May 06, 2018, 01:01:50 PM |
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hey guys am not saying am pro or something am also a newbie and i found that those 4 TA basis are so great and can be helpful in your trading and am so sure that
lot of people dont know them ( newbie or lazy xd ) so i hope you learn them , master them and move to a higher level
since am not a good explainer i will just refer you to a YouTube video
https://www.youtube.com/embed/-PPkTLov6VYhttps://www.youtube.com/embed/B8-_Mxz0Weghttps://www.youtube.com/embed/Kz6-8nQLRHMor https://www.youtube.com/embed/Ytr__kKKYBA
hhhh put video speed to 1.25 https://www.youtube.com/embed/bDLxjM_RnnMEdit and in order to practice every new TA skill you learn visit this great and free website https://www.tradingview.com/markets/cryptocurrencies/ also you can follow some traders analysis there but never trust anyone on your money they are sometimes wrong or the precise description is the use of TA with a subjective way like forcing it to see what we want while TA must be used in an objective wave combined to lot of other things which the simplest is news like my friend say buy the fud and sell the news hhhh ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) hope you enjoy learning and also i will be glad if more experienced traders share in this topic some advices or trading strategies ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) [/list] update : Now did you guys ever wonder what is sma and ema ? those blue, red and yellow lines ? They are called moving average and they are a must to learn because they are helpful . as usual its better to have an illustrated explanation from pro traders so enjoy those 2 videos ( i recommend to watch several times then go practice using trading view platform ) moving average explanation https://www.youtube.com/embed/4R2CDbw4g88How to Trade Moving Averages https://www.youtube.com/embed/5rMkQurfxrEYep! maybe i can try this. BTCBTCBTCBTC
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