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Day Trading vs. Swing Trading vs. Position Trading 86 replies

Attachments: Techknow Trading
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Techknow Trading

Cant say one thing in that other room without some newb coming out of the shadows to tell you how dumb your idea is and then disappear again.
TechKnow
According to random newb 007 in the gold room. This is not a bearish candle.
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TechKnow
Quoting Techknow
According to random newb 007 in the gold room. This is not a bearish candle. {image}

https://www.forexfactory.com/thread/...5#post14829555
felt the same way. Previously I had referred to the changed position of the wick and candle.
I've decided not to waste my time there anymore.

I see you're running well again? Well done.
Maybe I'll open a TradeExplorer too, but probably not until September. Too many construction sites at the moment. Wishing you all the best.
Quoting Isabella_D
{quote} https://www.forexfactory.com/thread/...5#post14829555 felt the same way. Previously I had referred to the changed position of the wick and candle. I've decided not to waste my time there anymore. I see you're running well again? Well done. Maybe I'll open a TradeExplorer too, but probably not until September. Too many construction sites at the moment. Wishing you all the best.
Yeah, Bitcoin finally started listening. According to last week's candles, it did exactly what I said it was going to do, but it nicked me out of half my
positions before falling. C'est La Vie. I will make it up on the targets being fulfilled, though.

Gold room is crazy toxic. Ill have to make myself even more scarce than I do there already.
TechKnow
I followed you Tech because I realised you're one of the few who know what they are talking about. too many people post analysis because they want to be the one who made the call for some form of gratification they don't even realise they don't know what they talking about. I'm new to trading so bitcoin is too volatile for me. I really hope you keep posting about gold here
Quoting Isabella_D
{quote} https://www.forexfactory.com/thread/...5#post14829555 felt the same way. Previously I had referred to the changed position of the wick and candle. I've decided not to waste my time there anymore. I see you're running well again? Well done. Maybe I'll open a TradeExplorer too, but probably not until September. Too many construction sites at the moment. Wishing you all the best.
Enjoy your break Isabella. Will miss your analysis too
Quoting 333gawd
I followed you Tech because I realised you're one of the few who know what they are talking about. too many people post analysis because they want to be the one who made the call for some form of gratification they don't even realise they don't know what they talking about. I'm new to trading so bitcoin is too volatile for me. I really hope you keep posting about gold here
He’s one of the best around. Great guy
Hey, my guys and gals, what did I say? Bitcoin to 61; now we will correct it to 66 67, and I will reshort some more. I wish my stops wouldn't have been nicked, but oh well, I still got the target I wanted.
TechKnow
Quoting 333gawd
I followed you Tech because I realised you're one of the few who know what they are talking about. too many people post analysis because they want to be the one who made the call for some form of gratification they don't even realise they don't know what they talking about. I'm new to trading so bitcoin is too volatile for me. I really hope you keep posting about gold here
Gold is my baby I will always post about gold. Thanks for tuning in. Lots to learn and lots of dollars to be made. If you ever have a question, a chart, a thought. Please ask, I will help you.
TechKnow
long on Bitcoin for 67 ish, then I'll start shorting again for 57. At 57 I will re-assess
TechKnow
Quoting Techknow
Hello friends, Day 2 of country-wide water fights today. I will do my best to not get pneumonia by day 3. I see a nice gap on both ends of this. Im going enjoy playing both of these gaps. Keep your gold positions to 2300 and then protect them. This looks like a correction, not a reversal, but I can't confirm yet. Bitcoin is doing whatever it does; it just retests one of the channels. But its back on the upside of the pennant. We will decide whether to close or keep today at a daily close. Its ugly ill be happy to cut it and move on if needed. Back...
Update for those of you that were playing this.

I would expect to finish this gap this week sometime. What happens after that, I am unsure of at this time but I will reassess then. I didnt get to take advantage of this trade because i was too busy messing around with hippie coin, but I wanted to update it for you. Hope someone did
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TechKnow
Okay, so we all see the numbers I called on Bitcoin were correct, but let's take a deep dive into the entire position, how it unfolded, what I was thinking, and how it's going currently.

So when I started shorting this thing after the original high, I got into the drawdown on this massive spike up into the diamond formation. Obviously, I didn't see that was coming at the time, but I was hedged from that gap fill and hourly candle, if you guys remember, its in the posts somewhere. That saved me from going into too much of a drawdown from bitcoin overall. That's when my diamond formation formed, and I started to feel a bit better until the next price action from that breakdown turned this into a giant pennant and I started to second guess my system on crypto. I knew if it broke out, we would need a massive overthrow, or this thing was moving to the 87-88 area. Luckily, I noticed the highlighted channel, and I followed up on what looked to be an overthrow of the pennant. Once that next day closed back inside the pennant, I knew things were going to be okay, and I closed my hedge upon the channel break. I got rid of all positions and drawdowns and stayed under my DD limit, which is the most important thing to me as a trader. Half my stops got nicked out by a couple of dollars, causing me to only get a slight gain from the positions, but that is okay. It is not done to the downside yet; however, I am currently long for 67 before I am short again, to which I will close my positions in the #5 zone anywhere I feel like it and then start to accumulate longs in the #6 zone as shown on the chart at the bottom. I hope this helps people understand what was going on in my mind as everyone was calling for higher prices in Bitcoin. Things can change from here. However, this is my current plan.
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TechKnow
I closed all longs on Bitcoin and now will accumulate shorts again.

Gold I have deep, deep targets for gold in the future, all the way down to the 16-1700 area, but I will need to see the development of the initial wave structure to confirm. So for now the 2045-2065 are is the first target. Then we will see if we have a bullish reaction to go higher or a continuation of the breakdown. I will post a chart with more details once it starts to develop more.
TechKnow
This is a simple gap fill play. I will add on any movement up targeting the gap fill. This is separate from my already shorts.
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TechKnow
Quoting Techknow
This is a simple gap fill play. I will add on any movement up targeting the gap fill. This is separate from my already shorts. {image}
Target hit
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TechKnow
Currently eyeing this formation hovering around support. I will watch for a break and retest. The angle of this move and the lack of the HNS being filled out yet makes me think this is fake and or still has some downside left. I will be watching, nonetheless.
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TechKnow
Quoting Techknow
{quote} Target hit {image}
smashing it, as per
Quoting Techknow
I closed all longs on Bitcoin and now will accumulate shorts again. Gold I have deep, deep targets for gold in the future, all the way down to the 16-1700 area, but I will need to see the development of the initial wave structure to confirm. So for now the 2045-2065 are is the first target. Then we will see if we have a bullish reaction to go higher or a continuation of the breakdown. I will post a chart with more details once it starts to develop more.
remember: Bitcoin halving is coming soon (19/20.04.24), so first up (expected, but not all in )
Quoting Isabella_D
{quote} remember: Bitcoin halving is coming soon (19/20.04.24), so first up (expected, but not all in )
After 57 all bets are off, it may go to ATH. I hopefully will be out of these bitcoin trades in 2-3 days and i can be on the sideline for the halving. I think big players will drive prices lower before the halving so they can get a better deal. If I had billions, that is what I would be doing.
TechKnow
Lets isolate our tricks
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