I quit my job to do full-time crypto-trading. Made 12 BTC profit last month

[Mark_R]

Closed after the trend was broken

[Mark_R]

Opened long at $ETH on the 3rd tough of the trend line.
When the price hits it and rebounds 3 times, the trend is considered to be strong enough to be used for trades base. Still have the position opened.

Cool!
Mate,  how do you play on these breakouts?
Any particular rules?

This may be helpful in terms of breakouts trading:

Intraday techniques. Market movements 

The best movements often after breakouts (as you saw in many of my trades). Breakout acts like a confirmation and a signal. You can enter aggressively (on the confirmation candle after the breakout) and conservatively (trade retest*). It is also a good place to set your stop loss at or near.

*Retest is the pattern when the price breaks the resistance out and then returns to it and rebounds, making it become the support (the same is with the support line, which becomes the resistance)

[Mark_R]

BTC is dancing, breaking the second level out. Still have short position opened

[CryptoDuckDunk]

Opened long at $ETH on the 3rd tough of the trend line.
When the price hits it and rebounds 3 times, the trend is considered to be strong enough to be used for trades base. Still have the position opened.

https://i.postimg.cc/FKPMLZ51/ETH2507.jpg

Cool!
Mate,  how do you play on these breakouts?
Any particular rules?

This may be helpful in terms of breakouts trading:

Intraday techniques. Market movements 

The best movements often after breakouts (as you saw in many of my trades). Breakout acts like a confirmation and a signal. You can enter aggressively (on the confirmation candle after the breakout) and conservatively (trade retest*). It is also a good place to set your stop loss at or near.

*Retest is the pattern when the price breaks the resistance out and then returns to it and rebounds, making it become the support (the same is with the support line, which becomes the resistance)

Thank you for the info shared!
I see at the latest your trade you shorted and then the second breakout happened. You are making the market

[Mark_R]

BTC short closed

[yangongear]

Great work guy. Thanks for sharing your opinion. I will follow you on Twitter to get updates as soon as possible.
It looks like you only use support - resistance level and price pattern. Do you use any other indicator?

[Naida_BR]

Totally a nice hit.
I hope that I would be so lucky or experienced as you do so I can spend my time in crypto trading and make a living from it.
Your analysis is quite good to my eyes, and your example of quitting your job is another positive impact of crypto industry. It creates jobs, it doesn't eliminate them.

[Mark_R]

Opened long at $ETH on the 3rd tough of the trend line.
When the price hits it and rebounds 3 times, the trend is considered to be strong enough to be used for trades base. Still have the position opened.

Cool!
Mate,  how do you play on these breakouts?
Any particular rules?

This may be helpful in terms of breakouts trading:

Intraday techniques. Market movements 

The best movements often after breakouts (as you saw in many of my trades). Breakout acts like a confirmation and a signal. You can enter aggressively (on the confirmation candle after the breakout) and conservatively (trade retest*). It is also a good place to set your stop loss at or near.

*Retest is the pattern when the price breaks the resistance out and then returns to it and rebounds, making it become the support (the same is with the support line, which becomes the resistance)

Thank you for the info shared!
I see at the latest your trade you shorted and then the second breakout happened. You are making the market

I know all the information which is shared has good value for us but to be honest mate I think if you have knowledge about reading and you have skills to win then leaving a job does not matter it can give you allot of earning but if you can afford better carry both and trade for long term never give up just spend time in trading.

Definitely, you will earn if you have enough knowledge. Leaving job depends... Sometimes, when you are confident in it, you get extra freedom and more money without dozens of employees who you are getting annoyed of. On the flip side, suppose that even trading full time you need to have an emergency exit (in case of black stripe I know where to return)
Cheers!

[Mark_R]

Great work guy. Thanks for sharing your opinion. I will follow you on Twitter to get updates as soon as possible.
It looks like you only use support - resistance level and price pattern. Do you use any other indicator?

You are welcome!
Well, that is my fav one. Except this, I use patterns (see earlier posts) and price action strategy (in trend trading, counter-trend, swing). The thing is my idea is to use competent money management. Thus, I'd prefer to spend more time on position sizing optimization, effective leverage choice, imposing optimal limits, etc, rather than conducting overcomplicated trades. The simplest ones are bringing you a lot in case of the right money and risk management which brings more complexity in trading.

I used to rely on indicators and more complex stuff (still use sometimes) but found out that the more ordinary things are what can give more requiring less time. And this is what everyone aims at.

Some rules can be found on my Twitter. The next week going to aggregate some more

[Mark_R]

Look at this. Feel like $BTC is making one more pattern. But still too early. Longing on confirmation.

Note: 1h timeframe!

[yangongear]

Look at this. Feel like $BTC is making one more pattern. But still too early. Longing on confirmation.

Note: 1h timeframe!

I will keep an eye on this signal. So many channels given the short signal for BTC for the next month. And we just saw a pump-dump of exchanges to kill margin. So how about your opinion of the next moving of BTC?

[xamxam]

I see some of your analysis in this forum, I think you have expertise in reading charts / candles.
I want to subscribe to your analysis and get some analysis about trading.
Why don't you make a telegram group, I think it's easier?

Hello!
Yes, I am thinking of it. Probably will create a group or sth, will make an announcement
Currently, I'm on the road, traveling, so would do this a bit later, but agree, the idea is great

I would be very happy if your plan is realized quickly, more and more people will benefit from your information. I support you, most readers here might agree with this idea.

You are correct mate, in this experienced some of the community will get the point of what you are trying to share here
in the forum. I think We can get more idea if you continue the knowledge you have of how you get to that situation.
Keep it up dude..

[Mark_R]

JULY 2019 TRADING SUMMARY

Here are some outlines of my recent trades.

Results of July:
6 BTC earned a month ($19,946 by the exchange rate of 29/07).



Market conditions:

I trade mostly XBTUSD and ETHUSD.

Thus, first of all, as for BTC/USD price in July, it experienced an increase till the 10th of July, reaching the heights of the months (almost $13,300).Then BTC price started to decrease, entering a 6-dats downwards range. On the 17th of July the price stopped falling, but the recovery was slight without large volatility, as it can be said about overall BTC price dynamics in July. However, the market was full of the opportunities (at minor timeframes mostly for mr personally) even inside the diapason later (around $9,200 - $11.000).

As for  ETHUSD it had a strong correlation* with BTC and reached the high of the month of approximately $320. The volatility was less in comparison to BTC, but still the further downwards trend the 10th of July and flat market were quite good for profitable trades.

* SFOX reported the ETH-BTC correlation in the 30 days prior to July 22 to be 0.788. Yeah, we noticed.

Patterns & signals used:

- diapason trading,
- support/resistance breakout,
- double bottom,
- double top,
- retest,
- trend trading,
- sentiment (SFOX report, see below).

Leverages used: up to 15x. Mostly 6x.

Money and risk management strategies: pyramid trading (adding to an existing position once price moves in your favor), reversal pyramid trading (decreasing the position gradually once price moves in your favor) stop to breakeven, optimal position sizing, limits on losses (the last to points are a must).

As for the question about indicators frequently asked, my best and mostly used indicator is price. Everything you need is already at the chart.

Top-3 trades:

Jul, 1- Jul, 4:
BTC short at double bottom pattern.
Reversal pyramid strategy applied
$2,233 earned.
https://twitter.com/MarkRobTrades/status/1146684172242694144

Jul, 16 - Jul, 17:
BTC short at  downwards range price entrance.
Opened around $11000. Closed at $9340 after the lower border of the range was broken:
$2,170 earned.
https://twitter.com/MarkRobTrades/status/1151446671345311744

Jul, 24 - Jul, 25:
ETH long Trend entrance at the 3rd touch of the support.
https://twitter.com/MarkRobTrades/status/1154425214060630016
Sentiment: after SFOX report publication. Info contained:
“It may no longer be accurate to classify Ethereum as an ‘altcoin” + revealed data on BTC-ETH correlation (0.788).
https://blog.sfox.com/bitcoin-volatility-libra-trump-3a72cab47cd4

May-July results:
https://twitter.com/MarkRobTrades/status/1154306237594574849

[Mark_R]

Will look how far BTC will go this time.  Looks like further than we see now... Still in thy position

[Mark_R]

Will look how far BTC will go this time.  Looks like further than we see now... Still in thy position

There are two things you can watch forever… Ocean and Bitcoin price growing when you are in long

Or better, as now, watch BTC growth by the ocean😏

[4IRIK]

Will look how far BTC will go this time.  Looks like further than we see now... Still in thy position

There are two things you can watch forever… Ocean and Bitcoin price growing when you are in long

Or better, as now, watch BTC growth by the ocean😏

Lool indeed
Guy you are so lucky
Working at the seaside is my dream
Will try to

[Mark_R]

Will look how far BTC will go this time.  Looks like further than we see now... Still in thy position

There are two things you can watch forever… Ocean and Bitcoin price growing when you are in long

Or better, as now, watch BTC growth by the ocean😏

Lool indeed
Guy you are so lucky
Working at the seaside is my dream
Will try to

I won't say it is luck, but thx.
Cannot deny that I have some luck in my lify
But in trading it is rather experience and ability to learn
And also a particular mindset
Believe you gonna be extremely successful in trading man if appy everything in a correct manner (but do not afraid to experiment a bit)

[4IRIK]

Will look how far BTC will go this time.  Looks like further than we see now... Still in thy position

There are two things you can watch forever… Ocean and Bitcoin price growing when you are in long

Or better, as now, watch BTC growth by the ocean😏

Lool indeed
Guy you are so lucky
Working at the seaside is my dream
Will try to

I won't say it is luck, but thx.
Cannot deny that I have some luck in my lify
But in trading it is rather experience and ability to learn
And also a particular mindset
Believe you gonna be extremely successful in trading man if appy everything in a correct manner (but do not afraid to experiment a bit)

Thanks bro for the content provided
Followed u on twitter

[KCL257]

Mark, would love to get your opinion on the best trading books you've read? Candlesticks, chart analysis etc

[Mark_R]

Mark, would love to get your opinion on the best trading books you've read? Candlesticks, chart analysis etc

Hello!
Here are the best ones I was starting with:

Arthur A. Merrill:
"Behavior of Prices on Wall Street",
"Bear Market Characteristics".
Toby Crabel:
“Day Trading With Short Term Price Patterns and Open Range Breakout"
Murphy, John J.:
“Technical Analysis of the Futures Markets” - MUST (charts, candles, basics...)
Edwards and Magee Boston:
"Technical Analysis of Stock Trends"
Wilder, J. Welles.:
“New Concepts in Technical Trading Systems”
Dr. Elder.:
“Trading for a living”
Larry Williams:
“Long-Term Secrets to Short-Term Trading”

Good luck.