June 9 2018 BTC elliot wave analysis update

Here is an update from Rob Reynolds on Trading view.



WEEKEND REVIEW: Where everyone is wrong with BTCUSD by Rob.Reynolds on TradingView.com

Comments

Post a Comment

Popular posts from this blog

The search for the right trading knowledge begins

I started trading bitcoin and forex months ago and just dove right in.  This was a pretty crazy thing to do cause there is so much information on the net about forex and crypto trading that it isn't funny. The first thing I started to learn was candle sticks and candle stick patterns.  I spend at least a month trying to trade off of things like doji's with at least a 60% tail to body ratio and the like.  However this led me to frustration as every hour I would check the charts and look for a doji to trade on and sometimes this would only happen once in 24 hours. Being as I was not wanting to risk a huge amount of dollars on one trade, I wanted to be able to make about $100 a day from 1 or more trades a day. As I got tired of waiting for doji candles I started to research other candle stick patterns to trade on found some interesting patterns.  However trading most of these patterns also meant a lot of waiting for hours to make a trade. I realized I needed som...
Read more

Following a trading system is soo important

After watching hundreds of hours of videos and then finally finding out about the Elliot Wave Principle I have learned a lot of quick tricks that can be used for making quick trades. However the quick trick trades can be far and few between, in that it might only happen once a day and that is a long time to wait to make one trade. So after spending loads of hours watching and checking on candles I was quite relieved to find Elliot Wave Principles. This lead me into doing a lot of TA before trading, in fact on Sunday of this week I spent 4 hours doing TA that I would use throughout this week. I set up the patterns on trading view charts so that I could easily track my trade ideas to where the price was actually going and also to make looking back at trades so much easier. I have to admit, that some training videos said it is important to use a trading journal, however I didn't follow that discipline enough in the beginning. By setting up the trades on trading view charts and t...
Read more