npub1pj…mgx2a on Nostr: #Bitcoin The Trader's Edge The "Big Guys," the Institutional traders control and ...
#Bitcoin
The Trader's Edge
The "Big Guys," the Institutional traders control and manipulate the markets.
It's their game!
And they don't use indicators and algorithms the majority of retail traders use.
Only 5% of retail traders, that's you and me, are consistently profitable.
If you're not one of the 5%,
. . . now's your opportunity!
Elliott Wave Basics
The Elliott Wave Principle is a theory of market analysis developed by Ralph Nelson Elliott in the late 1920s.
It is based on the concept that financial markets, such as stocks, forex or currencies, move in repetitive patterns driven by human psychology. The main points of the Elliott Wave Principle can be summarized as follows:
1. Wave Principle: The market's price movements are composed of waves that follow specific patterns and cycles.
These waves can be classified into two main types: impulsive waves (trending) and corrective waves (counter-trend).
2. Five-Wave Pattern: Impulsive waves consist of five smaller waves labeled 1, 2, 3, 4, and 5. Waves 1, 3, and 5 are in the direction of the primary trend, while waves 2 and 4 are corrective movements.
3. Three-Wave Pattern: Corrective waves consist of three smaller waves labeled A, B, and C. Wave A is a corrective move against the primary trend, followed by a partial retracement in wave B, and finally, wave C moves in the direction of the primary trend to complete the correction.
https://youtu.be/8G-fZKlVJtc
Volume Profile Trading Masterclass l
Understanding Volume Profile
https://youtu.be/fogMwcQell0
Volume Profile Trading Masterclass ll
The market is a constantly evolving puzzle. As traders, our job is to find the missing pieces.
- Linda Bradford Raschke
Mastering Volume Profile: Unveiling Market Dynamics and Trading Opportunities
1. Identifying Key Support and Resistance Levels: By analyzing the volume traded at different price levels, traders can identify areas where significant buying or selling activity has occurred.
These levels can act as support and resistance, influencing future price movements.
2. Determining Logical Take Profits and Stop Losses: Volume Profile can help traders establish appropriate levels for taking profits or setting stop-loss orders.
Areas with substantial trading volume can serve as potential profit-taking or risk management points.
3. Calculating Initial R Multiplier: In trading, the "R" factor represents the risk per trade.
By assessing the volume at different price levels, traders can determine the initial R multiplier, which helps in setting position sizes based on their risk tolerance.
4. Identifying Balanced vs. Imbalanced Markets: Volume Profile can reveal whether the market is balanced, with relatively equal buying and selling activity, or imbalanced, where one side (buyers or sellers) dominates.
Understanding market balance can provide insights into potential shifts in price direction.
5. Determining the Strength of Trends: Volume Profile can assist in assessing the strength of price trends.
In a strong uptrend, higher volumes are typically observed near the price's recent highs, while in a strong downtrend, higher volumes are seen near the price's recent lows.
https://youtu.be/DuYx6XPlKcw
Elliott Wave Blocks Trading Masterclass l
Understanding Elliott Wave Blocks Key Characteristics and Significance in Trading
Consolidation Zones: Elliott Wave Blocks represent periods of consolidation in the market where price action stalls and trades within a relatively narrow range.
These zones can be identified on a price chart as horizontal regions with limited price movement.
Volume and Liquidity: Elliott Wave Blocks usually have higher trading volume and liquidity, indicating that a significant number of market participants are actively involved in trading at these levels.
This suggests that there is a strong presence of buyers or sellers at those price points.
Support and Resistance: When a price moves through an Elliott Wave Block, it can act as either a support level if price moves up from the block or a resistance level if price moves down from the block.
Traders often watch these areas closely as they can offer potential entry or exit points for trades.
Market Sentiment: Elliott Wave Blocks can give insights into market sentiment.
For example, a bullish order block could indicate a strong demand area where buyers are accumulating, while a bearish order block might suggest a significant supply zone where sellers are dominating.
Confirmation and Trading Strategies: Traders may use Elliott Wave Blocks as part of their analysis and confirmation for trading decisions.
For instance, if price approaches a previous Elliott Wave Block that acted as strong resistance, traders might look for sell signals in that area. Conversely, if price nears a previous bullish order block, they might consider potential buy signals.
Time Frames: Elliott Wave Blocks can be observed on various time frames, from intraday charts to higher time frames like daily or weekly charts.
Blocks that appear on higher time frames tend to carry more significance and can influence price action over longer periods.
https://youtu.be/hsHttMKet-U
Elliott Wave Blocks Trading Masterclass ll
Probability thinking is a trader's most valuable tool.
- Alexander Elder
https://youtu.be/6I_0onIYkQo
Want to learn more?
https://elliottwavestreet.com/ps5a
The Trader's Edge
The "Big Guys," the Institutional traders control and manipulate the markets.
It's their game!
And they don't use indicators and algorithms the majority of retail traders use.
Only 5% of retail traders, that's you and me, are consistently profitable.
If you're not one of the 5%,
. . . now's your opportunity!
Elliott Wave Basics
The Elliott Wave Principle is a theory of market analysis developed by Ralph Nelson Elliott in the late 1920s.
It is based on the concept that financial markets, such as stocks, forex or currencies, move in repetitive patterns driven by human psychology. The main points of the Elliott Wave Principle can be summarized as follows:
1. Wave Principle: The market's price movements are composed of waves that follow specific patterns and cycles.
These waves can be classified into two main types: impulsive waves (trending) and corrective waves (counter-trend).
2. Five-Wave Pattern: Impulsive waves consist of five smaller waves labeled 1, 2, 3, 4, and 5. Waves 1, 3, and 5 are in the direction of the primary trend, while waves 2 and 4 are corrective movements.
3. Three-Wave Pattern: Corrective waves consist of three smaller waves labeled A, B, and C. Wave A is a corrective move against the primary trend, followed by a partial retracement in wave B, and finally, wave C moves in the direction of the primary trend to complete the correction.
https://youtu.be/8G-fZKlVJtc
Volume Profile Trading Masterclass l
Understanding Volume Profile
https://youtu.be/fogMwcQell0
Volume Profile Trading Masterclass ll
The market is a constantly evolving puzzle. As traders, our job is to find the missing pieces.
- Linda Bradford Raschke
Mastering Volume Profile: Unveiling Market Dynamics and Trading Opportunities
1. Identifying Key Support and Resistance Levels: By analyzing the volume traded at different price levels, traders can identify areas where significant buying or selling activity has occurred.
These levels can act as support and resistance, influencing future price movements.
2. Determining Logical Take Profits and Stop Losses: Volume Profile can help traders establish appropriate levels for taking profits or setting stop-loss orders.
Areas with substantial trading volume can serve as potential profit-taking or risk management points.
3. Calculating Initial R Multiplier: In trading, the "R" factor represents the risk per trade.
By assessing the volume at different price levels, traders can determine the initial R multiplier, which helps in setting position sizes based on their risk tolerance.
4. Identifying Balanced vs. Imbalanced Markets: Volume Profile can reveal whether the market is balanced, with relatively equal buying and selling activity, or imbalanced, where one side (buyers or sellers) dominates.
Understanding market balance can provide insights into potential shifts in price direction.
5. Determining the Strength of Trends: Volume Profile can assist in assessing the strength of price trends.
In a strong uptrend, higher volumes are typically observed near the price's recent highs, while in a strong downtrend, higher volumes are seen near the price's recent lows.
https://youtu.be/DuYx6XPlKcw
Elliott Wave Blocks Trading Masterclass l
Understanding Elliott Wave Blocks Key Characteristics and Significance in Trading
Consolidation Zones: Elliott Wave Blocks represent periods of consolidation in the market where price action stalls and trades within a relatively narrow range.
These zones can be identified on a price chart as horizontal regions with limited price movement.
Volume and Liquidity: Elliott Wave Blocks usually have higher trading volume and liquidity, indicating that a significant number of market participants are actively involved in trading at these levels.
This suggests that there is a strong presence of buyers or sellers at those price points.
Support and Resistance: When a price moves through an Elliott Wave Block, it can act as either a support level if price moves up from the block or a resistance level if price moves down from the block.
Traders often watch these areas closely as they can offer potential entry or exit points for trades.
Market Sentiment: Elliott Wave Blocks can give insights into market sentiment.
For example, a bullish order block could indicate a strong demand area where buyers are accumulating, while a bearish order block might suggest a significant supply zone where sellers are dominating.
Confirmation and Trading Strategies: Traders may use Elliott Wave Blocks as part of their analysis and confirmation for trading decisions.
For instance, if price approaches a previous Elliott Wave Block that acted as strong resistance, traders might look for sell signals in that area. Conversely, if price nears a previous bullish order block, they might consider potential buy signals.
Time Frames: Elliott Wave Blocks can be observed on various time frames, from intraday charts to higher time frames like daily or weekly charts.
Blocks that appear on higher time frames tend to carry more significance and can influence price action over longer periods.
https://youtu.be/hsHttMKet-U
Elliott Wave Blocks Trading Masterclass ll
Probability thinking is a trader's most valuable tool.
- Alexander Elder
https://youtu.be/6I_0onIYkQo
Want to learn more?
https://elliottwavestreet.com/ps5a