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More risk, more profit: is it true? 36 replies
If more and more people long, is it likely moving up? 11 replies
Do you go LONG MORE or SHORT MORE? 12 replies
more knowledge more problems 25 replies
DislikedHi everyone, I'm a newcomer and a newbie trader. I've been reading and practicing Cpfledger old strategy from M1 Counter trend thread with positive results (the one using EMA and RSI) then I found this awesome thread. I'll be switching to this latest strategy. I would like to send my greatest appreciation to Cpfledger, Xinitial and Ronin- for their efforts. Regarding to BTC spread, I found that there's two ways to overcome it: 1) Using Bybit MT4 service, their crypto pairs have super low spread (BTC spread is 10, other crypto pairs spread is around...Ignored
Disliked{quote} I am not the teacher here, but I am going to give you my humble opinion to see if it helps you. You come in very late and you also don't notice that the wick of candle 3 is already shorter than candle 2. {image}There has just been a big drop, you shouldn't go in too fast as it will probably still bounce at least once if it has to go up. {image}You enter on candle 2 and it zigzags on candle 5 and you don't cut, you were still able to cut on candle 6, maybe even on candle 7 without losses. {image} Cheer up! little by little.Ignored
DislikedKraneos / ZazenBoy, I agree with Kraneos about entering which is why I asked you (ZazenBoy) to take off the Channel Indicator to get you to improve your entry point. Use the zigzagm Pip Counter (White Number) as your exit when in doubt and if you can, you can re-enter at the next 1 wicked candle or white arrow. Keep practicing, its like riding a bicycle, eventually you will see the light / feel the bike balance or as some traders say - feel the market. cpflegerIgnored