₦airaland Forum

XaToXi:
To catch falling knife no easy.

Congrats to those who were not liquidated and those who bought the dip.

#WAGMI

In as much as I would love to keep quiet on stuffs like this, I think majority are still undereducated on how a zero sum market really work.

All these news of billions being wiped out that has been spread around like wildfire is miseducation. No money was wiped out from anywhere, it only changed hands. The same amount is still in the market, just that the professionals and big boys are the ones holding the money now, and in other words "liquidating" the losers.

A zero sum market means, the losers at the end of trading duration pays the winners, 2billion wasn't liquidated anywhere, it only changed hands. Same amount is still in the market. It really aches the eyes when you see adults risking their hard earned money in a market they have little knowledge about.

Read and study and y'all should stop screaming manipulation please. Instead learn how to frequently be at the side of the people doing the "manipulation".


People need to really get educated or else, massive losses will educate them by force.
The losers are the ones screaming manipulation while those on the other side of the orderflow are laughing behind the hood.

geedot:
I'm expecting to short BTC, but only inside that POI above and if I can confirm this current timeframe buying exhaustion dying off inside the POI. If even one of this condition is not met, I won't be executing the trade.

This is not prediction, not assumption, just trying to trade what I believe the market is doing at the moment, it can change, but for now, that's what I'm seeing and reading.

It's rising on a lower and lower volume, I believe it's trying to attract sellers at this point in time and not really buying pressure as the price action is indicating. I call this the "fugazzi move" to trap naked price action traders that might want to take a long position based on PA.

And that was it, it didn't come as high as I would have loved to join the short and take advantage of the buying exhaustion I spotted way before the price action started showing sells.

I'm expecting to short BTC, but only inside that POI above and if I can confirm this current timeframe buying exhaustion dying off inside the POI. If even one of this condition is not met, I won't be executing the trade.

This is not prediction, not assumption, just trying to trade what I believe the market is doing at the moment, it can change, but for now, that's what I'm seeing and reading.

It's rising on a lower and lower volume, I believe it's trying to attract sellers at this point in time and not really buying pressure as the price action is indicating. I call this the "fugazzi move" to trap naked price action traders that might want to take a long position based on PA.

Delta is printing buying volume, yet price keep plummetting, showing selling pressure for naked price action traders. Don't be surprised if you see a mad rally on this. It's not a crypto pair so I won't throw in my trade entry whatnots.

Prophetkelly:
Who cares about what you give? Empty barrel!

Money na water for online😁😁

Okay sir.

Prophetkelly:
All of you so called self acclaimed analysts here are same. Imagine this one calling another man's hustle "meagre" yet he can't feed him $30-$80 daily.

Alexas58 is more honourable than you all here, he openly asked for payment, show his meagre daily $1 that non of you can show. Didn't hide under bible quotes to later start tasking his members.

Sky is wide for everyone! Do yours and let others do theirs. What is meagre for man wey dey hustle em daily food.

How some of you reasons attimes is very sickening! Little attention here, you're all over the moon feeling high.

Lol, I don't give a rat a.ss what your opinion is my boss. I believe you whatever you say. Sorry if you felt offended by my post.

Have you studied human behavior? You can predict to some certain accuracy how they'd behave in certain scenario. What about Dogs? Loyal asf, but try starving them and see the other part of them.

What about kids? Do you think it's random they usually love their mums than they do for their pops on the average? Hell Nah. Women understood human behavior than men on the average, that's why it's been easy for them cornering kids against their pops.
Kids do not care how rich or how benevolent you are to them, what they know is who do they see often and spend time with.

That's how the market works, it doesn't care a jot who the eff you are, but if you spend enough and ample time, you can predict to a very high accuracy how it would react in most situation.


Don't you want to make money? As much as I would have loved to show my daily earnings so this boy showing us a meagre $30-80 from his prop forex money can shut the hell up and leave crypto space for crypto talks only, but I can't, or should I say I won't.

My money is useless to you because I can't and won't give you even 1cent, but my knowledge is worth way more and you can and will benefit way more than you can imagine if you are ready to put the time.

Wake up and don't sleep.

geedot:

Sucked me in then the volume died off afterwards at both ends, stuck in a very tight range for 2hours. Was it manipulation? Definitely not, you won't be right 100% of the time in trading, this one here is one of those rare times my system failed.

I would really love to see how this eventually played out. Everything was right from my end, all the entry criteria were met. Knocked me out and reversed back to entry almost immediately.

Valwezzy:
What indicator do you use to do this, please?

It's called "Volume Delta" on tradingview. Any volume indicator that calculates the delta will do the job.

CaptMaxino:
Good morning bro
I've gone through a couple of your posts and I must say your analysis is on point.
Anyway I've got a little question to ask ,it might seem a bit off but pls pardon me 😊
My question is ,what is the criteria you look for when marking out a zone for price to react off from ? Is it
volume profile
Support and resistance or
supply and demand

Morning brother, the only reason I post here is to share my knowledge. To your question, I basically base it on support and resistance, which is the same as supply and demand to me. I feel people just like to give things fancy name sometimes to feel cool.

Supports and resistances are meant to be created and broken, so I don't really know which one will hold or not until they do. So I'm constantly looking for exhaustion on the dominant side of the market as price is nearing the supply or demand zones.

So that's where volume indicator comes in for me, I'm looking at the buying and selling power in relation to the price action created around this zone. If the volume is decreasing while price is nearing this zone, that's exhaustion signal for me, and I expect price to change direction sooner rather than later.

Let me know if you have further questions.

Sarahray:
This guy is so good,your analysis is always a hit

Thanks for the compliment. Gracias.

geedot:
The hourly selling volume has dried off, so I expect some upwards movement back to 100k at least. Those two demand zones are where I would be on the lookout for selling exhaustion on this timeframe to enter a long trade if price decides to come there.

Buying now is too high for me.

Target smashed without picking me along.

AbokiWam:
It was understandable

It had already done more than 20x as at then

People were expecting a deep

Any one buying then was doing FOMO according to words on the street.

PEPE works differently

You think so? So why didn't it work differently and dip but instead continued the upward surge? Any reason you think it worked out?

The hourly selling volume has dried off, so I expect some upwards movement back to 100k at least. Those two demand zones are where I would be on the lookout for selling exhaustion on this timeframe to enter a long trade if price decides to come there.

Buying now is too high for me.

AbokiWam:
Despite the dip, I'm still x4 on pepe I bought almost a year ago

Bought pepe of 8 dollars last year february, It is currently at 32 dollars.

It even once climbed to 68 dollars before all this dip dip

People back in february last year said Pepe had already reached the top, na why I no put money

Wish I had bought with like 100$ then

Why would anyone make such statement in the first place, probably due to ignorance of how the market truly works. There's no top, there's no bottom, people buying and selling pressure determines it.

Bitcoin could baloon to 700k if enough people keep buying till it runs out of new buyers and could also drop to 10k if everyone started dumping for one reason or the other. Now I'm not saying it will happen, just using it as an example of the endless possibilities in trading

Even some of the so called trading gurus in Nigeria barely know sh*t about this stuff behind the hood.

Imagine what happens during Xmas period, how price of transportation to the east always skyrocket during this period? Why is it always so? High volume in demand to travel.

What about Lagos transportation, and I'm sure should be happening everywhere in Nigeria as a whole too. The price you board a bus in the early afternoon is cheaper compared to the amount you'd board the same bus in the evening when everyone has closed for the day and all want to go home all at once.

What about when rain is falling? Heavy transport fare.

It's all about volume, when too many people wants one particular commodity or service, price will skyrocket till the demands has started diminishing.

See trading this way and you won't want to listen to anyone telling you one moving average has crossed another, then price should go up or down, or if we break so so area, then we are going so so area. Trading doesn't work like that.

Have you ever wondered why people only use the word manipulation when they are wrong about price direction? If price goes their anticipated and predicted way even if the move was an anomaly, you'd never hear them say manipulation, but instead praise themselves for a job well done.

geedot:
Random outlook on Bitcoin. Selling volume is exhausting on the hourly timeframe, then same is showing at a support zone on the 5mins timeframe too.

Let's see how this goes. 3.27×R trade.

Salam Alaikum, Wa Alaykum Salam. Trade got to destination safely.

geedot:
This is up by 1×R already, Trade at breakeven now, and watching how the rest plays out.

Up by 2×R, that was fast init? Image not loading

geedot:
Random outlook on Bitcoin. Selling volume is exhausting on the hourly timeframe, then same is showing at a support zone on the 5mins timeframe too.

Let's see how this goes. 3.27×R trade.

This is up by 1×R already, Trade at breakeven now, and watching how the rest plays out.

Didn't call this SolBtc here, but it was the same entry criteria. Volume exhaustion on one side of the orderflow, then you bet against the exhausting orderflow.

It works most of the time, week in week out.

Random outlook on Bitcoin. Selling volume is exhausting on the hourly timeframe, then same is showing at a support zone on the 5mins timeframe too.

Let's see how this goes. 3.27×R trade.

SmallDick99:
I'm starting to think is better to short than to long.

Because it seems it's easier to break support than to break resistance

What do you guys think?

Fear is stronger than greed in the trading world. That's why bear market moves aggressively compared to bull market. The question is how do you know the top has fully formed before shorting?

In case you don't know, sometimes it's not even people buying that are moving the price up, but instead the stoplosses of those selling(which activates a buy order) trying to catch the top being hit are the one pushing the price up, unless they stopped selling, price won't stop moving up.

You don't wanna be that guy that fuels the other side of the order flow.
Losers watch the market, while the winners watch the losers.

jackfj:
My brother e no easy, may God help us..

Why not read this book for the weekend? Download and read to pass the weekend. www.forexfactory.com/attachment/file/3495899?d=1574515477

Not a trading guide, but just an outlook of how this zero sum market works, quite interesting.

jackfj:
My dear beloved family, this crypto space really messed with my mental health lately.

I transferred the little money I had lately into my Bybit account in anticipation that immediately president trump gets sworn in the market will moon.

Omo na so I put head for doge, Pepe and bome coin. hoping to quickly sell and take my little profits Judging from the uproar around the crypto space at that time.

Friends and family, Unknown to me crypto has other plans for me. Na so these useless meme coins begin carry me go where I no know.(Massive Dip) I become so restless and angry like' why did I not just wait.

And In quest to recover my losses I sold my bome coins, transferred that usdt to my futures Account.
biggest mistake ever.

ladies and gentlemen, yesterday I almost died of HBP. see as this market dey dribble me like maradona changing direction against me like there was an agenda against me. trust me, I lost all emotions and trading psychology.

I just waited till this evening sold my coins on spot(Pepe and doge) counted my loss as I see the behavior of the market this evening.

brothers and sisters e no easy. like someone jokingly said here, "family man no suppose to do crypto" I understood the phrase better yesterday.

My prayer is, as we are trying to make money for ourselves and loved ones, may we not end up loosing more money

my one piece.

This cracked me up man . Trading is the hardest way to make easy money. One loss is all it takes and all cautions are thrown to the wind.
If you're not really prepared for that loss and how to comport yourself after, consistent success will be hard to find.

That's why even with an 80% win rate strategy, your emotions will get in the way and make that strategy become a meagre 35-40%, thereby rendering it unprofitable in the log run.

How many people even have such high win rate? Probably less than 0.1% of the traders worldwide. So you can see why trading is the hardest way to make easy money.

geedot:
Look at this one hour timeframe and tell me if this looked like something willing to continue the upward movement for now.

You're competing with professionals, mathematicians, extremely intelligent people, you can't be buying coin like a rookie without sound technical analysis skills and expect to take money from these people consistently.

It's going to drop to around that 35-30 before we can hope if buyers will come in.

@Adasun, this is in response to you. Sorry I misquoted your post, thought you were trying to throw shades, and arguing isn't something I do anymore about trading.

Look at this post I made on Sunday night, I was already anticipating a move down to 35/30 for buyers to come in as that's where typical supply and demand trader would be waiting to long after that drop.

Now, look at that selling volume reducing as price hits the two horizontal lines of 30/35. If I trade the 1hr timeframe I would long it ASAP after that selling volume dried off.

Would you say this is easy too as it had already happened? I've been trading this method for some time now, and trust me, most of my entries are always at the top or bottom of reversals.

harry2sexy:
I love how you do your own analysis bro. I wish to learn from you

Read this book by Alan Jankovsky - Time Compression Trading

Adasun:
it is always easy when it had happened and pass, how did you know at the peak, that it will take the downward direction? because at that point, you beta 5 is showing that the volume is high.

Okay sir.

Prophetkelly:
I honestly knew this and that was why I jet out immediately it hits 70+

Reminded me of this JP Morgan story that made him popular. There was this stock that was mad bullish and everyone was longing, the newspaper, media outlet, television, were all yapping about it till it got to a stage where his shoe cobbler started asking if he could also get a share too to join the moving train.

Immediately JP Morgan resumed to work that day, he told his staffs to start selling every single share of that stocks they were holding. His assumption was that, if everyone was already in, who are those left to keep buying for the upward continuation movement. That crash was one of the biggest crash in history.

Look at this one hour timeframe and tell me if this looked like something willing to continue the upward movement for now.

You're competing with professionals, mathematicians, extremely intelligent people, you can't be buying coin like a rookie without sound technical analysis skills and expect to take money from these people consistently.

It's going to drop to around that 35-30 before we can hope if buyers will come in.

Prophetkelly:
I just dey imagine numbers of long on trump that has been wiped!

Hey my chest oo

This was bound to happen, when everyone that wanted to long are already in, the interested buyers now are late to the show and their volume is usually very low, that they can only have little impact on the continued upward movement.

They are the one paying the early buyers that started dumping on them. This movie has been playing before there were even candle sticks or Fibonacci whatnot.

People need to really understand the basic of trading or else they would be dashing their money to the professional traders.

Of course it can still continue the upward movement, but someone like me would never buy a coin that had already done such massive upward move already.