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Crypto Currency Investors Thread - Investment (4464) - Nairaland 3h1e1g

Crypto Currency Investors Thread (4693409 Views)

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geedot: 12:12pm On Apr 19
LincolnOnyeabor:


Could I message you please boss


This really looks interesting.

I'm more of a Forex trader at the moment than Crypto.

Just give me guides, notes and pointers on how to read and interpret the charts using this volume.

Where and how do I begin?? Thanks very much for this boss.
I don't have access to the email I ed with here anymore. I've said it ad nauseam times here about how and where to start, just take your time to go through my previous posts on this thread, particularly this year.

1 Like

LincolnOnyeabor: 12:19pm On Apr 19
geedot:
I'm not a crypto trader man apart from BtcUsd, I trade majorly forex. But I no longer trade forex pairs, only Gold and Indices because of currency pairs sluggishness.

So yes, it works on forex too.

Presently, I trade Gold, Nas 100 and Us30. And Deriv! cry cry cry cry

Currencies have been a violent tempest ever since Trump came in.

I will use this weekend to back test this stuff and see how it works in the markets from Tuesday.

Any material or YouTube channel you could provide to further my studies please??

I'd really appreciate it Sir.

1 Like

geedot: 12:34pm On Apr 19
Ebus03:


Price itself is a lagging indicator. I think this is one of the best lessons i have learned in forex trading.
You are right about this, if you want to see this happening live, just watch what happens in your chart during high volatile moments like during a news release, you'd see your chart squeezing right in front of your eyes as price moves up or down at a very fast pace.

That's why I don't make use of the auto screen function on tradingview because it doesn't allow you see how price has changed in volatility in previous days.

1 Like

geedot: 12:57pm On Apr 19
LincolnOnyeabor:


Presently, I trade Gold, Nas 100 and Us30. And Deriv! cry cry cry cry

Currencies have been a violent tempest ever since Trump came in.

I will use this weekend to back test this stuff and see how it works in the markets from Tuesday.

Any material or YouTube channel you could provide to further my studies please??

I'd really appreciate it Sir.

To start with, now you've added the indicator, watch what happens everytime price reverses, watch what the indicator looks like everytime price reverses.

You'd usually see the selling or buying pressure reduces before price turns, not all the time, but most of the time. When you've seen it happen 1000times in backtesting, when you see it about to happen in a live market, you can then take advantage of it.

It won't happen overnight, you need hundreds of hours to really build trust to make use of it with confidence. Not so many people will short a bullish candle close, but that's what I do most of the time because I've seen it happen so many times that whenever volume is dead, price usually turns.

Now you need element of time, you just don't long or short whenever volume is dead, where is it happening[previous and resistance], what time of the day are we?

Is there news coming up? What time of the session are we? Are we about entering a new session? All these have to correlate with the volume indicator so you don't make wrong decisions.

New York session opens 1pm Nigerian time, it's very normal the volume indicator would start printing weak candles because of the low activity that happens around 12pm-1pm, if you feel this is an exhaustion signal, you're wrong because New York might just open and decided to continue moving price towards the same direction.

What time is the news? You can't enter a trade with the hope of news pushing it to your desired destination as a day trader, do you know whatever nonsense the news might contain? It could be for or against your position and before you know it, the order flow inverses and you're left holding the bag.

Those are the ones I can for now, Ilegend shared some videos on volume indicator sometime this week or last, you might want to check them out as they are pretty short and easily understandable.

4 Likes 1 Share

iLegendd(m): 1:00pm On Apr 19
When you know history, the future is totally not a mystery.

7 Likes

LincolnOnyeabor: 1:08pm On Apr 19
geedot:
Synthetic doesn't have volume, it's like binary option. Something that doesn't get affected by news, weekends trading etc.

You just have to trade it as it is, and use whatever TA strategy that works with it, synthetic indices is not really in the real traders league.

Once again, there's no real volume in forex as there's no central exchange for it. So whatever volume you see on it are just tick volumes, i.e: transaction counters. Even the counters varies accross brokers, i.e Binance tick counters on a particular candle will be different from Coinbase's slightly.

These transaction counters only count the aggressive side of the market, i.e, if I set a sell limit order on(since we are on a crypto thread) BtcUsdt @ 100,000 for example, if my order gets activated, it won't on the tick volume as a sell order, but instead as a buy order. Because whomever taking the other side of my trade did so by clicking buy order, so his/her order gets ed as buy instead of mine because I didn't sell but waited for my price to be filled

Why? The tick volume on any trading chart only aggressive market order(whom the crypto world refer to as the taker) i.e those selling or buying on the go and not those using a limit order which in the crypto world are referred to as maker.

Since we know what the aggressive market participants are doing, this becomes an edge. For example: when you see a strong buying on the delta but price is not moving, this is a clue there are dense ive sell orders eating and chewing up all the aggressive buys and sooner rather than later, when the buyers volume starts decreasing on the delta, price will fall.

This is a very extensive study on it's own, and typing long epistles is not really my thang. Anyone interested in knowing more can read more on it.

I don't trade crypto apart from BtcUsd I trade on my prop on MT5, I only trade forex pairs and tick volume is what I use on a daily basis 24/7.

Read more on it Linc if you're really interested in threading this path, you won't regret it. It might take months, even years, but it will be worth it at the end. At least you have an idea what you'd be searching for on google.

Sir, could you kindly explain this better.

As I trade Gold and Indices now, how does this affect or influence my trading??
LincolnOnyeabor: 1:42pm On Apr 19
geedot:
To start with, now you've added the indicator, watch what happens everytime price reverses, watch what the indicator looks like everytime price reverses.

You'd usually see the selling or buying pressure reduces before price turns, not all the time, but most of the time. When you've seen it happen 1000times in backtesting, when you see it about to happen in a live market, you can then take advantage of it.

It won't happen overnight, you need hundreds of hours to really build trust to make use of it with confidence. Not so many people will short a bullish candle close, but that's what I do most of the time because I've seen it happen so many times that whenever volume is dead, price usually turns.

Now you need element of time, you just don't long or short whenever volume is dead, where is it happening[previous and resistance], what time of the day are we?

Is there news coming up? What time of the session are we? Are we about entering a new session? All these have to correlate with the volume indicator so you don't make wrong decisions.

New York session opens 1pm Nigerian time, it's very normal the volume indicator would start printing weak candles because of the low activity that happens around 12pm-1pm, if you feel this is an exhaustion signal, you're wrong because New York might just open and decided to continue moving price towards the same direction.

What time is the news? You can't enter a trade with the hope of news pushing it to your desired destination as a day trader, do you know whatever nonsense the news might contain? It could be for or against your position and before you know it, the order flow inverses and you're left holding the bag.

Those are the ones I can for now, Ilegend shared some videos on volume indicator sometime this week or last, you might want to check them out as they are pretty short and easily understandable.

Alright boss.

Getting to work this weekend.

As You take your trades mostly from the 5m time frame and knowing that price is fractal, I take trades mostly from the 15mins time frame.

It works right??

Will have to buy a new long note for this exclusively.

Please, Hope I can still come to you from time to time boss if I have any questions sir.

Thanks very much for this.

1 Like

michealewela: 2:21pm On Apr 19
So $Cream is now 1 dollar, crypto is wicked..
geedot: 2:50pm On Apr 19
LincolnOnyeabor:


Alright boss.

Getting to work this weekend.

As You take your trades mostly from the 5m time frame and knowing that price is fractal, I take trades mostly from the 15mins time frame.

It works right??

Will have to buy a new long note for this exclusively.

Please, Hope I can still come to you from time to time boss if I have any questions sir.

Thanks very much for this.
Most of what you could possibly ask me are what I must have already said in my past posts. Just take your time because it takes a lot of time to get good at anything.

So for you just starting with volume, it will take time like any other thing one wants to get good at.

You can use any timeframe, as long as you know what you are looking for. And don't make the mistake of having a bias on where price should or would go, that mistake will make you start looking only for buys or sells and your brain would start looking for only clues that s that bias even if something else is about to happen in your eyes.

Have you ever wondered, when you start focusing your attention on a particular type of car, that's when you start seeing that car everywhere you go? Keep your mind and brain free of any bias whatsoever daily, what's happening now, right now? Price gets to a resistance, don't start looking for selling signals, let it show you it wants to sell before you make that decision.

4 Likes

megawealth01: 3:11pm On Apr 19
grin
michealewela:
So $Cream is now 1 dollar, crypto is wicked..
LincolnOnyeabor: 3:41pm On Apr 19
geedot:
Most of what you could possibly ask me are what I must have already said in my past posts. Just take your time because it takes a lot of time to get good at anything.

So for you just starting with volume, it will take time like any other thing one wants to get good at.

You can use any timeframe, as long as you know what you are looking for. And don't make the mistake of having a bias on where price should or would go, that mistake will make you start looking only for buys or sells and your brain would start looking for only clues that s that bias even if something else is about to happen in your eyes.

Have you ever wondered, when you start focusing your attention on a particular type of car, that's when you start seeing that car everywhere you go? Keep your mind and brain free of any bias whatsoever daily, what's happening now, right now? Price gets to a resistance, don't start looking for selling signals, let it show you it wants to sell before you make that decision.

Alright my boss. Thanks so very much sir.

That last line about keeping an open mind I will have to work well on.

One last question for now sir: in the past, you were praising Peteregwu's trading style.

Do you trade like that or you evolved??
cmoney22222: 3:43pm On Apr 19
Have you jealous graceglory today mr lamentations aka mr ?
TheExchanger(m): 4:11pm On Apr 19
following
geedot: 4:17pm On Apr 19
LincolnOnyeabor:


Alright my boss. Thanks so very much sir.

That last line about keeping an open mind I will have to work well on.

One last question for now sir: in the past, you were praising Peter's trading style.

Do you trade like that or you evolved??
Yeah, those were time I was still a swing trader trying to trade like a bank, my strategy wasn't the thing making money then, but my risk management. Focusing on high Risk to Reward to cover for the series of losses. At least equity was increasing and that was all that mattered.

Until I encountered those that had 50winning streaks without losing for months sometimes. Then I knew I had to change how I've been accustomed to see trading. It wasn't easy trying to unlearn, but that was exactly what I did.

I'm a better trader now than I used to be, majorly because of those I now look up to. When you see people making $100k+ every day without a losing day for weeks and these same set of people were not even making money consistently two years ago, you would know you are still a very poor trader.

There was this guy that was so good that he would even tell you what to do 6hours prior, and that's exactly what would happen. He even predicts a week price action down sometimes and he won them all. You'd see people, extremely intelligent people that you'd be forced to buckle up.

When someone is telling you what will happen next week irrespective of news event for that week, and yet he already knew what would happen prior and it happened exactly as he said. Would you blame me if I don't believe fundamental guys that said news moves the market?

I've read things too much in the trading world that are in direct conflict with what I knew initially. I had to find a way to resolve it within myself and keep it to myself.
The market is an Algo and some people are truly blessed that they don't even use any indicator, they don't even use tradingview but mt4 only and have crazy accuracy that Instagram mentors would tell you is not real.

4 Likes

GRACEGLORY: 4:25pm On Apr 19
GRACEGLORY:


Gimme 80K, or 77k entry, and I'll be satisfied
Bet9jaVirtual: 4:32pm On Apr 19
geedot:
Yeah, those were time I was still a swing trader trying to trade like a bank, my strategy wasn't the thing making money then, but my risk management. Focusing on high Risk to Reward to cover for the series of losses. At least equity was increasing and that was all that mattered.

Until I encountered those that had 50winning streaks without losing for months sometimes. Then I knew I had to change how I've been accustomed to see trading. It wasn't easy trying to unlearn, but that was exactly what I did.

I'm a better trader now than I used to be, majorly because of those I now look up to. When you see people making $100k+ every day without a losing day for weeks and these same set of people were not even making money consistently two years ago, you would know you are still a very poor trader.

There was this guy that was so good that he would even tell you what to do 6hours prior, and that's exactly what would happen. He even predicts a week price action down sometimes and he won them all. You'd see people, extremely intelligent people that you'd be forced to buckle up.

When someone is telling you what will happen next week irrespective of news event for that week, and yet he already knew what would happen prior and it happened exactly as he said. Would you blame me if I don't believe fundamental guys that said news moves the market?

I've read things too much in the trading world that are in direct conflict with what I knew initially. I had to find a way to resolve it within myself and keep it to myself.
The market is an Algo and some people are truly blessed that they don't even use any indicator, they don't even use tradingview but mt4 only and have crazy accuracy that Instagram mentors would tell you is not real.

Can you show us trading history?
I'm feeling motivated to try again

Do you know what it means to have 99.9% win rate? You are a pathetic liar

Some say na $10
Some say na $20
Some say na $50.

My brother which one u choose oooo

4 Likes

megawealth01: 4:55pm On Apr 19
[quote author=GRACEGLORY post=135053992][/quote]

Are we going low now?
megawealth01: 4:55pm On Apr 19
GRACEGLORY:


Gimme 80K, or 77k entry, and I'll be satisfied

Are we going bearish now?
geedot: 4:56pm On Apr 19
Bet9jaVirtual:


Can you show us trading history?
I'm feeling motivated to try again
Towards what purpose if I may ask?
geedot: 5:02pm On Apr 19
Bet9jaVirtual:


Can you show us trading history?
I'm feeling motivated to try again

Do you know what it means to have 99.9% win rate? You are a pathetic liar

Some say na $10
Some say na $20
Some say na $50.

My brother which one u choose oooo
Had to check now and saw that I already said I wouldn't reply you again, didn't know you were the same person. Please forgive me for the very last time for replying you.

About the bolded part, you're right, I've been lying all these while. Can you move along now please?

1 Like

iLegendd(m): 5:05pm On Apr 19
This is my formula and I want to improve it. What should be added?

Maybe, it's perfect already. If so, nice.

By the way, graphic designers should look for another job. They should better start learning crypto and other forms of digital skills.

Your job is to make sure you live a life where government doesn't have more than 10% control of your wealth, health, the place you stay, the food you eat and the life you live.

10 years from now, any youth that has access to computer isn't supposed to be poor except they chose to.

10 Likes 2 Shares

Bet9jaVirtual: 5:05pm On Apr 19
Once they get busted they shy away
If you are proud of what you Re doing, you wouldn't be scared to show results

Results are a true test of academic performance .

You have 99% in your maths test, your parents tell you to show them the exam script, you start giving excuses


Nawa o.

6 Likes

doyin01: 5:26pm On Apr 19
Do not reply any troll , just use the report button and Dominique will take it up from there.

2 Likes

cmoney22222: 5:33pm On Apr 19
Crypto has done you strong thing. Please leave this space for us alone mr . Have you jealous graceglory today?

You have been a point of distraction, discouragement, Infact you are behaving I uncivilised in the midst of civilised people?

Who send you message?


Bet9jaVirtual:
Once they get busted they shy away

2 Likes

Bet9jaVirtual: 5:43pm On Apr 19
cmoney22222:
Crypto has done you strong thing. Please leave this space for us alone mr . Have you jealous graceglory today?

You have been a point of distraction, discouragement, Infact you are behaving I uncivilised in the midst of civilised people?

Who send you message?


U talk like a kid
Someone says he has 99.9% win rate in trading, which is very rare😂🚫, and I am feeling motivated by it.

If he shows us what he is doing and shows us the results together with it, is there anything wrong with that?

Have you tried gle boss?
And 99.9% win rate?

7 Likes

cmoney22222: 5:43pm On Apr 19
Your mate are here dropping trading update, some are asking for trading update , you dey here dey talk Wetin no make sense.

Sup n help us send this mad man back to Yaba left. He needs to complete his drugs. As he has ran out from him ward in YAba left, this thread will not be productive again.

@ dominique fyi

Bet9jaVirtual:
Once they get busted they shy away

1 Like

Bet9jaVirtual: 5:48pm On Apr 19
Bet9jaVirtual:
Once they get busted they shy away
If you are proud of what you Re doing, you wouldn't be scared to show results

Results are a true test of academic performance .

You have 99% in your maths test, your parents tell you to show them the exam script, you start giving excuses


Nawa o.
Let's report any troll and pathetic liar
Who are you trying to impress?

You know someone that has 99.9% win rate and he is not on the list of richest man in the world!.

Tell us the name of that your mentor that taught you 99.9% win rate

3 Likes

Alexas58: 6:25pm On Apr 19
Some have started acting accordingly
+61% if you chase the pump

You get burnt
The bear trap is getting set and ready

Don’t chase the pump

4 Likes 3 Shares

GRACEGLORY: 6:26pm On Apr 19
megawealth01:


Are we going bearish now?


Market corrections act as temporary adjustments that present buying opportunities, whereas bear markets signify more substantial and extended declines. No, not bear, sir.

1 Like

LincolnOnyeabor: 6:27pm On Apr 19
geedot:
Yeah, those were time I was still a swing trader trying to trade like a bank, my strategy wasn't the thing making money then, but my risk management. Focusing on high Risk to Reward to cover for the series of losses. At least equity was increasing and that was all that mattered.

Until I encountered those that had 50winning streaks without losing for months sometimes. Then I knew I had to change how I've been accustomed to see trading. It wasn't easy trying to unlearn, but that was exactly what I did.

I'm a better trader now than I used to be, majorly because of those I now look up to. When you see people making $100k+ every day without a losing day for weeks and these same set of people were not even making money consistently two years ago, you would know you are still a very poor trader.

There was this guy that was so good that he would even tell you what to do 6hours prior, and that's exactly what would happen. He even predicts a week price action down sometimes and he won them all. You'd see people, extremely intelligent people that you'd be forced to buckle up.

When someone is telling you what will happen next week irrespective of news event for that week, and yet he already knew what would happen prior and it happened exactly as he said. Would you blame me if I don't believe fundamental guys that said news moves the market?

I've read things too much in the trading world that are in direct conflict with what I knew initially. I had to find a way to resolve it within myself and keep it to myself.
The market is an Algo and some people are truly blessed that they don't even use any indicator, they don't even use tradingview but mt4 only and have crazy accuracy that Instagram mentors would tell you is not real.

Sweet Baby Jesus!!!!


That's so massive. On the quest also.

Omo!!! It's very much possible and I'd get there.

I will leverage your knowledge and depth my boss.
megawealth01: 6:29pm On Apr 19
GRACEGLORY:



Market corrections act as temporary adjustments that present buying opportunities, whereas bear markets signify more substantial and extended declines. No, not bear, sir.
ok bro

1 Like

GRACEGLORY: 6:32pm On Apr 19
doyin01:
Do not reply any troll , just use the report button and Dominique will take it up from there.

3 Likes

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