Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: itoyitoy123 on March 28, 2024, 02:37:57 AM
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It's nice to be back here, fellas~ So I'll be sharing my trading ideas and knowledge here!
In trading, technical analysis is what we need ( for me). ) if there's news you can trade, all you need to do is look for the key levels that will be your buy / sell zone.
So basically I'm a ICT trader and here's what I want to share with you guys~
All you need is the Higher Time Frame PDA, which you can look for FVG's or Order Block ( OB )
After analyzing the HTF, you can use the LTF to see if you see some structure that confirms your bias, or if all you need to do is learn and study your entry model.
Then, if it confirms, then you better know where your SL and TP will be. It is better to put SL to minimize your risk or control the risk you want and TP to maximize your profits.
If you like more in depth details with chart, I'm going to post more in this thread!
Let me know, fellas~~~
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Technical analysis is indeed important for a trader. It's nice to have more analyst here in the forum so that we can share our thoughts and ideas on how to excute the trades we have in mind. The more insights the better the knowledge we have. Ofcourse we need to filter those ideas who fits in our trading strategy. I'm waiting for your TA post soon.
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Im also an ICT concept trader bro : ), My primary focus is on analyzing the Market Maker Model (MMM) to establish my bias. Secondly, I seek out liquidity sweeps and execute a Market Structure Shift (MSS) along with a Fair Value Gap (FVG) strategy for optimal execution.
By prioritizing the MMM, I gain insights into the intentions of market makers, allowing me to gauge the prevailing market sentiment and direction. This understanding forms the basis of my trading bias, guiding my decisions in the market.
Furthermore, I actively monitor liquidity sweeps, which indicate significant shifts in supply and demand dynamics. Combining this information with MSS and FVG strategies enables me to capitalize on emerging market opportunities while ensuring efficient trade execution.
In essence, my approach revolves around leveraging the MMM for bias determination and implementing MSS and FVG techniques to achieve the best possible execution outcomes in the market.
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It was nice to see you back in this forum and I'm excited to see your TA here.
Technical Analysis is very important aspect in trading. If we don't have this when we trade we are probably no difference in gambling because it only have a very low chance of winning a trade. Even those who have a trading plan with a high percentage win rate strategy, you can't be sure if you can survive in the long run. The market will not always go to the direction we wanted to be, so it's best if we can manage our emotion as well.
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It was nice to see you back in this forum and I'm excited to see your TA here.
Technical Analysis is very important aspect in trading. If we don't have this when we trade we are probably no difference in gambling because it only have a very low chance of winning a trade. Even those who have a trading plan with a high percentage win rate strategy, you can't be sure if you can survive in the long run. The market will not always go to the direction we wanted to be, so it's best if we can manage our emotion as well.
Whether you do like it or not, you would really be able to face up on learning TA considering that this market cant really just always have the news or fundamentals on which you could really be able to make use on which these are the things that you would primarily be needing on the time that you would really be tending to have some entry. We do know that this is something that cant be
so simple because learning these things would really be taking up some time but this is somehow worthy for you to learn with. Although it wont really be meaning that it would be precise
but at least you do have done something which it would really be that needing for you to have such step and consideration before making any position rather than on putting up yourself
blindly.
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It was nice to see you back in this forum and I'm excited to see your TA here.
Technical Analysis is very important aspect in trading. If we don't have this when we trade we are probably no difference in gambling because it only have a very low chance of winning a trade. Even those who have a trading plan with a high percentage win rate strategy, you can't be sure if you can survive in the long run. The market will not always go to the direction we wanted to be, so it's best if we can manage our emotion as well.
Whether you do like it or not, you would really be able to face up on learning TA considering that this market cant really just always have the news or fundamentals on which you could really be able to make use on which these are the things that you would primarily be needing on the time that you would really be tending to have some entry. We do know that this is something that cant be
so simple because learning these things would really be taking up some time but this is somehow worthy for you to learn with. Although it wont really be meaning that it would be precise
but at least you do have done something which it would really be that needing for you to have such step and consideration before making any position rather than on putting up yourself
blindly.
It takes time to learn new things, and the same is true for trading. If you want to learn to trade, you must invest time. Trading is a time-consuming strategy to make money. If you are lazy and underestimate trading, you will most likely lose money in the long run. Those people assume that trading is easy since they win their first few deals, unaware that this mindset might lead to a large loss.
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It was nice to see you back in this forum and I'm excited to see your TA here.
Technical Analysis is very important aspect in trading. If we don't have this when we trade we are probably no difference in gambling because it only have a very low chance of winning a trade. Even those who have a trading plan with a high percentage win rate strategy, you can't be sure if you can survive in the long run. The market will not always go to the direction we wanted to be, so it's best if we can manage our emotion as well.
Whether you do like it or not, you would really be able to face up on learning TA considering that this market cant really just always have the news or fundamentals on which you could really be able to make use on which these are the things that you would primarily be needing on the time that you would really be tending to have some entry. We do know that this is something that cant be
so simple because learning these things would really be taking up some time but this is somehow worthy for you to learn with. Although it wont really be meaning that it would be precise
but at least you do have done something which it would really be that needing for you to have such step and consideration before making any position rather than on putting up yourself
blindly.
It takes time to learn new things, and the same is true for trading. If you want to learn to trade, you must invest time. Trading is a time-consuming strategy to make money. If you are lazy and underestimate trading, you will most likely lose money in the long run. Those people assume that trading is easy since they win their first few deals, unaware that this mindset might lead to a large loss.
This is the problem that I have with beginners that just bought their first bitcoin because they want to trade. Trading is something that you need maximum concentration on so that you can learn the in a d out of with over a long period of time, but this beginners jump into trading with little or no knowledge, hoping to make profit, and the opposite is what they get. Technical analysis is very good, but a trader should not depend on that alone, he must also know the fundamental analysis and how to manage his losses. You must also know how to read charts. However, it is easy said than done, any trader that only knows the theo8of trading is still gambling when he has not practiced. This is because when you enter the market, it would not be the same as you thought it will be. Only use little amount of money to trade, you must be able to control your emotions when trading.
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Agree TA is very important the best thing in technical analysis is you need to find the support and resistance because that is where you enter and exit to take a profit but sometimes targeting the profit is not a good idea you will miss some swings just like I did recently I only made a 5% profit if I just adjusted the SL gradually while the price surging I don't miss those swings and make a big profit.
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I highly agree with you, technical analysis is the most needed skill of a trader because without it a trader won't be able to make much profits from trading. I'm also a type of trader who basically relies highly on technical analysis and I confirm that when you do your technical analysis with right approach then you can surely make profits as a trader.
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Technical analysis is a very useful tool to be Able to read the market. I understand that there are as many experts in technical analysis as possible, some are chartists, others are very focused on doing technical analysis of every thing they see, I am into doing analysis. technical but I don't know many Tools , many indicators, because there are actually many, and that is impressive, so before entering the technical analysis I do a general analysis of the market and according to what I can see, I decide to know or try to predict the movement, that is something that for me represents art, that is Something that we must do, because in the end it is money that is Risked.
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In trading, technical analysis is what we need ( for me). ) if there's news you can trade, all you need to do is look for the key levels that will be your buy / sell zone.
So basically I'm a ICT trader and here's what I want to share with you guys~
All you need is the Higher Time Frame PDA, which you can look for FVG's or Order Block ( OB )
After analyzing the HTF, you can use the LTF to see if you see some structure that confirms your bias, or if all you need to do is learn and study your entry model.
Then, if it confirms, then you better know where your SL and TP will be. It is better to put SL to minimize your risk or control the risk you want and TP to maximize your profits.
Indeed. What you want to explain here, obviously, is very important for anyone who trades, especially here crypto trading activities. It cannot be denied that when we are going to open a position, at a certain rate, with a certain margin, beforehand, we must first analyze the market, specifically related to the indicators, according to what has been explained by the OP> Although many may say, TA is only theory and It doesn't depend on the outcome of the betting, that's not quite true. Indeed, TA really influences the betting results. However, TA does not guarantee that trading results will always be 100% profit taking according to our expectations. No, because no prediction or analysis will be 100% accurate forever. There will definitely still be risks, it's just that you can minimize the risks.
But on the other hand, apart from TA, FA also actually helps, to know at least what the market trend will be like, where it will go, and what the next conditions will be. Even though many may think that fundamental analysis is not effective enough, in practice, it should not be forgotten or put aside. Because this could be one of the things that is needed next in TA analysis.
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Then, if it confirms, then you better know where your SL and TP will be. It is better to put SL to minimize your risk or control the risk you want and TP to maximize your profits.
Stop loss can be very good and also it can be very bad. You can not expect a scalper to be using stop loss. It is not wise as the scalper wants just little profit, the stop lose can trigger and the market later go the direction of the position he opened. If a trader is not greedy, not using leverage, if using low amount of money to trade, only take profit is better. But for those that are using high leverage, stop lose is good, but they should know that the market might later go to the direction they take but loss instead as the stop loss has been filled. That is why it is good not to be greedy and use just no or low leverage.
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I highly agree with you, technical analysis is the most needed skill of a trader because without it a trader won't be able to make much profits from trading. I'm also a type of trader who basically relies highly on technical analysis and I confirm that when you do your technical analysis with right approach then you can surely make profits as a trader.
Traders are people who jump directly into the battlefield, while technical analysis is a science that sometimes when on the battlefield requires more than the knowledge that has been studied, so without a trader, all the analysis learned will not be used. You also need to remember that not all of these techniques guarantee that you will succeed in making a profit, you still have to be alert.
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In as much as I think that technical analysis is what you need, I think fundamental is necessary too, if the fundamental is not certain you will find it difficult to even make use of technical analysis, for instance in bear market, technical analysis is always hard to utilize and also make calls for trades.
I agree with your point but I think that you don't need lower time Fram LTF to comfirm higher time frame HTF, it's the other way round. You can open a trade and do all you want as a short term trader and any thing unexpected can happen, perhaps you didn't place a stop loss for some reason, if the higher time frame is showing upside, you wouldn't even worry because you believe that the price will go up.
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Only use little amount of money to trade, you must be able to control your emotions when trading.
This is one of the problem of newbies in trading. When they win a trade in their couple of trades they started to add funds to their capital because they want to earn more profit. They didn't notice the risk they take if they lose. The more money you put in trading the more emotion it will get. That's why it's always recommendable to invest only what you can afford to lose. But unfortunately, most traders are being controlled by their emotions when they trade.
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Yes in crypto trading, there are some things a trader is supposed to do to avoid many loss and one of them is technical analysis.
You must be able to analyze the market on when to buy and when to sell, and also have the ability to control your emotions in trading.
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- I believe that analysis helps a lot when we do trading activities because, through it, our imagination works out where the price of a coin we hold will go.
and because of the tool indicators that we also use, we can create an analysis so that we can confirm that this is where the price of the coins that we hold will be directed.
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If you like more in depth details with chart, I'm going to post more in this thread!
Let me know, fellas~~~
Welcome back, ( I honestly don't know you, but if you off from here for sometime then welcome back) I can see you have some knowledge of TA to increase the profit ratio in compared to loss. I liked the way you conveyed your whole point in just 1 or 2 lines, I know the post is more than that, ut the line "All you need is the Higher Time Frame PDA, which you can look for FVG's or Order Block ( OB )" says it all. Great work. I am not a technical trader but have enough sense to make meaning of your post. I also believe more in Resistances and supports because if they are right then the chances of making profit increases plus of loss decreases too.
BTW what do you think about the 4EMA indicator where the 4 MA lines are drawn on the chart, that helps us to make resistances and support. I learned it and tried to validate the accuracy and it really works, but the main point is something is missing, as I can't trust on this single indicator only I know I have RSI indicator as well, but nothing makes much sense, but RSI helps me to take decision, that either its the good time to enter the market or not, Same goes for profit booking as well. As the value if exceed 70 or 80 then the coin is bullish and we should avoid to take entry in it.
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It's nice to be back here, fellas~ So I'll be sharing my trading ideas and knowledge here!
In trading, technical analysis is what we need ( for me). ) if there's news you can trade, all you need to do is look for the key levels that will be your buy / sell zone.
So basically I'm a ICT trader and here's what I want to share with you guys~
All you need is the Higher Time Frame PDA, which you can look for FVG's or Order Block ( OB )
After analyzing the HTF, you can use the LTF to see if you see some structure that confirms your bias, or if all you need to do is learn and study your entry model.
Then, if it confirms, then you better know where your SL and TP will be. It is better to put SL to minimize your risk or control the risk you want and TP to maximize your profits.
If you like more in depth details with chart, I'm going to post more in this thread!
Let me know, fellas~~~
Not all traders can do technical analysis and I am one of them. I am trading without technical analysis in my trading but I can get good success there if I say I don't need much technical analysis. There are some traders who can do technical analysis and take profit from it. The difference between technical analysis and man made analysis is not much but profit from trading is the most important. But technical analysis is important for every trader.
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- I believe that analysis helps a lot when we do trading activities because, through it, our imagination works out where the price of a coin we hold will go.
and because of the tool indicators that we also use, we can create an analysis so that we can confirm that this is where the price of the coins that we hold will be directed.
Yes, you are right, but not all analyzes circulating are in accordance with what has been planned, because cryptocurrency price movements are very vulnerable to bad news that can bring down cryptocurrency prices quickly, so even if you already have an analysis that is almost accurate, pray that there is no bad news that could attack crypto price movements, especially bitcoin prices.
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Technical analysis is indeed important for a trader. It's nice to have more analyst here in the forum so that we can share our thoughts and ideas on how to excute the trades we have in mind. The more insights the better the knowledge we have. Ofcourse we need to filter those ideas who fit in our trading strategy. I'm waiting for your TA post soon.
To excel in trading, you must embrace technical analysis. This will tell you the best time to trade and when not to trade. This can also tell you the best trading strategy for a particular time frame. Most traders rely on analysts to guide them in their trading in a bid to make a profit.
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Some people think trading is very easy matter. But it is not too easy. Without proper knowledge and proper analysis no one can profit from trading. So before trading we need knowledge about Analysis like, Market analysis, fundamental annalists,Technical analysis etc. For Technical analysis we can learn about trading activity, such as price movement and volume. So i think every traders need to learn about Technical analysis.
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I think no one can be a professional trader without technical analysis, if someone wants to do day trading based on news only, then maybe he can profit in some cases, but I don't think it is the ideal way, there is more possibility of loss here. So I think technical analysis is very important for those who do day trading or short-term trading. However, I myself do not have much knowledge about technical analysis, and for that reason I had to adopt long-term strategy by following DCA method.
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If you are talking about trading in general, I agree with you that technical analysis is important for everyone who wants to join trading, without it, for me I consider a trader without this basic knowledge as a gambler. However, this basic knowledge or technique is not enough to be a successful trader, to say i what you need, I also agree, but it’s not everything or all what you need.
Nowadays, we have various markets to trade, most of them Forex and crypto, if we take for instance Forex, we can apply technical analysis on every pair to generate money or at least have successful trades. But when it comes to crypto market, we can see a whole different thing and rules, most of the time technical analysis are only for very short term trades or historical levels, support and resistance points sometimes are helpful for traders.
I won’t say this topic isn’t beneficial, personally, I can’t trust anyone’s analysis based on Technical analysis only since fundamental and money management are way more important.
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In trading, technical analysis is what we need ( for me). ) if there's news you can trade, all you need to do is look for the key levels that will be your buy / sell zone.
It is always easy to share our opinions on things like trading, but it remains true that not all our opinions are valid and true. To really be successful in trading, a good knowledge and awareness of fundamental analysis is necessary and as important of your understanding of the technical side. One is not more important than the other as some traders like to think, they both have the same level of importance to a trader.
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- For me, technical analysis helps a lot; it is the main tool of an individual trader. I have not seen any traders who do not use technical analysis. A trader who says that technical analysis is not important is a liar.
Because how can we determine if we do not perform an analysis through technical means? This is just a common-sense answer, to be honest. We cannot get an idea without this technical analysis. You are not a trader if you do not use technical analysis.
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If you are talking about trading in general, I agree with you that technical analysis is important for everyone who wants to join trading, without it, for me I consider a trader without this basic knowledge as a gambler. However, this basic knowledge or technique is not enough to be a successful trader, to say i what you need, I also agree, but it’s not everything or all what you need.
Nowadays, we have various markets to trade, most of them Forex and crypto, if we take for instance Forex, we can apply technical analysis on every pair to generate money or at least have successful trades. But when it comes to crypto market, we can see a whole different thing and rules, most of the time technical analysis are only for very short term trades or historical levels, support and resistance points sometimes are helpful for traders.
I won’t say this topic isn’t beneficial, personally, I can’t trust anyone’s analysis based on Technical analysis only since fundamental and money management are way more important.
Technical analysis has been an important part of the market and has brought profits to many traders for hundreds of years. However, technical analysis also has its own limitations, each trading suggestion includes both opportunities and risks, traders need to set stop-loss to protect capital.
Fundamental analysis is also important and is effectively applied for long-term investment. With crypto, we have added on-chain analysis with a lot of data related to the number of whale addresses, the behavior of whales, the large flows of money in and out of CEX... I think traders will have more informed and effective trading decisions when they can combine these methods together because they all study the same market from different aspects.
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Technical analysis is very important in understanding the market. Basically, through technical analysis, you can get an idea of what the next movement of the market might be. If you don't have technical analysis, you have to trade with no idea of the market movement or how the market may go next. Those who are professional traders mainly give a lot of importance to technical analysis. The more proficient you are in technical analysis, the easier the market will seem to you. If you take a trade without knowing what the next movement of the market might be or what level the market might reach next, you will never know when you should buy your coins and when you should sell your coins. So technical analysis is very important.
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Technical analysis has been an important part of the market and has brought profits to many traders for hundreds of years. However, technical analysis also has its own limitations, each trading suggestion includes both opportunities and risks, traders need to set stop-loss to protect capital.
Technical analyses are good, but are they enough to trust random people from the internet? I have always been sceptical when I see some self-proclaimed "successful" trader trying to charge extra for his TA. If you're good enough, you don't need this kind of extra income, plus you're spending valuable time interpreting your TA
For the OP, if he is interested, I would like to see the TA and later the analysis of the TA itself.
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If we are going to consider the way of trading, we need more of the technical aspect than the theoretical, because this has to do with the chart in proper, how we can read such, identify the trends on market performance, know the functions of all the indicators and properly understand the time to buy and sell when reading for the market price, we will need to experience all these and make a rightful application of their use on our trades.
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Technical analysis is very important in understanding the market. Basically, through technical analysis, you can get an idea of what the next movement of the market might be. If you don't have technical analysis, you have to trade with no idea of the market movement or how the market may go next. Those who are professional traders mainly give a lot of importance to technical analysis. The more proficient you are in technical analysis, the easier the market will seem to you. If you take a trade without knowing what the next movement of the market might be or what level the market might reach next, you will never know when you should buy your coins and when you should sell your coins. So technical analysis is very important.
Of course we have to do a good analysis before deciding to buy coins, but what we need to remember is that cryptocurrency price movements are not easy to predict, so we have to have lots of plans to prevent something bad from happening.
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Actually, this kind of explanation is very good, but some people may be unfamiliar with the new terms that you mention on this topic, so it seems that this has no meaning at all for those who cannot translate some of these terms.
Maybe if there was help by inserting some pictures and also some examples of analysis, it would be better and maybe easier to understand. I myself quite like the technical analysis shared here, even though I am not a daily trader, deep in my heart, there is a small desire that I want to become a daily trader.
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Technical analysis is very important in understanding the market. Basically, through technical analysis, you can get an idea of what the next movement of the market might be. If you don't have technical analysis, you have to trade with no idea of the market movement or how the market may go next. Those who are professional traders mainly give a lot of importance to technical analysis. The more proficient you are in technical analysis, the easier the market will seem to you. If you take a trade without knowing what the next movement of the market might be or what level the market might reach next, you will never know when you should buy your coins and when you should sell your coins. So technical analysis is very important.
Of course we have to do a good analysis before deciding to buy coins, but what we need to remember is that cryptocurrency price movements are not easy to predict, so we have to have lots of plans to prevent something bad from happening.
Even though an investor understands the market very well and analyzes the market, he can predict the market movement very closely with the prediction he makes, but he can never tell the market movement with certainty. No matter how thorough your market analysis is, you need to do market analysis with your prospects. As I have done technical analysis on the market and thought that the market will reach this certain level in a few days, it is only my possibility, but with this possibility, we also have to think that something opposite can happen in the market. However, technical analysis is definitely an important investment field because technical analysis can provide a good understanding of the market if done correctly.
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Technical analysis is important to execute trade. Professional traders analyse various graphs and charts before going for trade. One has to spend time to learn technical analysis and gather extensive knowledge about trading if he wants to earn money by trading.
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Technical analysis is important to execute trade. Professional traders analyse various graphs and charts before going for trade. One has to spend time to learn technical analysis and gather extensive knowledge about trading if he wants to earn money by trading.
That's right, professional traders will definitely do research first and try to make predictions using several analytical techniques that they already understand, the various kinds of ideas that they have, perhaps only they themselves understand. Sometimes they also won't share their analysis for free.
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Technical analysis is important to execute trade. Professional traders analyse various graphs and charts before going for trade. One has to spend time to learn technical analysis and gather extensive knowledge about trading if he wants to earn money by trading.
You don't only gather knowledge, you need other things to survive in trading and one of it is experience. If you learn all you need about technicalities in trading but you don't have the experience, you will learn another thing instead of making money, the time you are supposed to use to make money, you will be using it to align your knowledge and experience together. It's better to learn it together in the process before starting with real money.