/Technical Analysis/ General - Make Jow Forums Profitable Again

>bump

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Do you go to a chart and edit BB settings until the chart makes sense to your theory? Or do you always use a set number and deviation per time frame?

the 1000k eoy for link is just a meme right?

here's your (You)

I'm just using the same numbers Mark Whistler used in his books, I used them first to compare some of that approach with crypto charts. Originally I was using 55/255, but it made little to no difference, all it did was flatten the distribution slightly on higher time frames (nothing wrong with that but not necessarily needed, the 200 length allows you to see more 'slope'), and on lower time frames with that amount of data it's negligible, try it yourself, the points where prices breaches these benchmarks doesn't vary a lot (on smaller time frames). It's more important to use the SAME LENGTHS across the time frames you're looking at, don't change the length of the indicator to suit your time frame keep it consistent.
I think it also makes sense because you want to find the lengths that the MAJORITY of the volume is going to be looking at, that includes 'noobs' and 'professionals'. Round numbers are good for that, 200/50 = 4, it's also a nice way to split up the time frames going up from 5m > 15m > 1h > 4h.
>read Macro to Micro, really cool book about how we've been taught to believe the mean is 'stable'

Are there any good guides for trading options?

I don't know any personally, I've never seriously looked into option trading yet.
>If any other Anons can shed some light into good option trading resources, that would be great.

Yeah you could absolutely market your TA as a price callout group if your can provide your customers with semi consistent results. A lot of guys I know of charge like 0.3BTC for 3 month memberships and have hundreds of guys paying in. Yeah, I plan on mastering the skill myself, but am currently a total scrub. I can vaguely do the most basic shit like spot supports and resistances and bull/bear divergences, but it's as far as my skill goes. Do you have a recommended courses/books/channels to get me on my feet with trading?

Pic is my current dog shit chart. It's extremely basic, but I was able to successfully call out a long position when I knew the price would produce a nice green candle after it breaks that downward sloping resistance. I also figured the price would dance around the 11k mark if it broke upwards, so I took my profit there. I am currently waiting for another move upward if we can break $11100 to open another long, or to get rejected where we're at now, open a short, and retest a low at $10000. Let me know what you think, and thanks for advice

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I recommend, roughly in this order, just based on what helped me learn:
>Learn all you can about the simplest basics, no matter how silly it is, no matter how basic, the deeper the understanding of the simple things the more you can manipulate simple indicators/tools to give insight into the complex
>Support and Resistance
>Ray Dalio - Principles
>Alexander Elder - Trading for a Living
>Mark Douglas - Trading in the Zone
>Order flow of trading
>Anna Coulling - Volume Price Analysis (learning about why volume was important was a huge turning point)
>Mark Whistler - Macro to Micro
>A lot of observing
>Mark Whistler - Volatility Illuminated
>take your pick in what interests you, try out some approaches

I really recommend Macro to Micro though, if you can grasp the ideas it makes for a very powerful tool. Of course not all information is absorbed the same for each individual. I hope it provides some insight for you though.

The language you use indicates a lack of clear concise understanding and faith in why price did anything at all, sure it's fine to make profit off support/resistance and some triangle formations, but realistically you want to know exactly why price is moving the way it did, essentially you want to know why participants were pushing price around the way they were, what were their motivations for moving price this high?
I think you're not using one some of the best free indicators which would potentially bring your analysis a bit further:
>volume, how will you know when the move isn't a fakeout? if you have volume atleast you can see where the people who have the money and motivation are coming in, but you won't know why
>multiple time frame analysis, you need a clear CONTEXT of the the time frame you're looking at, how is the 1h chart moving in context to the higher time frames

I don't want to sound like i'm preaching that Macro to Micro is the gospel, but these topics are covered in a way that brings them all together nicely, it's a great book if you're patient, open minded and willing to make some notes!

bump
>Jow Forums doesn't have to be a shitshow board full of discord shills and useless FUD for fucks sake

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Chart ONE, OP.
I know there's not enough price history for meminger memes but still

>Here are the tools I use predominantly:
>>Bollinger Bands (50 and 200 lengths)
>>Support and Resistance
>>BTC price overlay
>>MACD
>>Highest timeframe to lowest timeframe analysis
How do I adjust those on Binance?

>ONEBTC on 21JUL2019 @ 0000UTC

1. The 50 day length BB has appeared, that'll probably be our guide for the next few 4h/1h candles at least.

2.Price since crossing the 4H lower 1.25 benchmark has been only trading in the 1h CONTAINMENT ZONE (which is between the upper and lower 1.25 benchmarks, the thickest red lines). No clear indication on the 1h chart that price has 'decided' to do anything yet, the distribution is flattening out, lateral trading to come, if the 4h flattens out also (which it might considering the daily 50 length is literally just forming.

3. It seems like this is a pivotal moment, price could either try to test and hold above the DAILY LOWER 1.25 of around 107 (also near the blue horizontal line I marked on previous charts), this price around 107 would also coincide with the 4hourly lower 1.25, so a retest could be very likely before any movement upwards, the retest could also be a precursor to the dump down if that level fails to hold, you'd have to wait for a few more 4hourly/daily candles to full form and close out before you could make any judgement.

4. Seeing as this is seemingly a pivotal moment, it means that price is most uncertain right now, volume is the lowest it's ever been, participants are unsure which way to take prices. We could assume that price would then go to the closest mean available (price collapses to mean when uncertain), I don't think we could use the 1hourly or 15minute time frames as volatility has been collapsing endlessly back to the mean from the containment zones for a while now. The closest place to hash out uncertainty right now seems to be the 4hour mean.

5. It's a matter of the 1hour and 15minute time frames of now holding above their respective means and making successful attempts at the upper 2.2 benchmark on both and consistently holding on both. It seems like RIGHT NOW, that price would have to soon ATTEMPT and HOLD above the 5minute upper 2.2 to actually try and attempt to move to the 4H mean, an attempt and hold about the 15minute upper 2.2 would then need to be followed by the same happening on the 1h time frame. Right now price is below the mean on the 1h time frame, and will continue to remain there unless the 15m distribution brings price up.

Honestly the way it's looking RIGHT now, the price seems to be failing to hold the 1h mean, it already failed it just recently (the light blue line), and the 15m chart has price volatility compressed VERY tightly.
Personally the price heads back down to 113-118 before even attempting anything else, it's barely holding the 122 price it has right now with conviction

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Greetings men
what we have here is an opportunity of gold. a great possible victory if you might think
have you ever looked at a token or coin and thought to yourself that you would have purchased it if it was early btc? i know what it feels like to buy the early stuff - i am a big holder myself actually
and when i look at craig and do my own research into him, he is definitely the maker of btc
all of the signs are there for him to be the true mind behind the excllent product. so if you had this hope in the past, you may wish to consider what you have not been paying attention to up until this time
me? i am all in
if you are smart you will be also

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>state of Jow Forums
Hopefully the thread quality improves, i'll try and make new threads but I don't think they'll go anywhere, only a minority here are willing to take the spoon out of their mouth and learn something.

This is FUD

Keep making these threads I learn something everytime

i'm learning something barnacle man

I've been trying to learn TA for some months now and this is the most eye-oppening thing I have encountered. Btw if you switch the first multiplier to 1.3x it appears that the 1W bottomed out there in the past and in this particular instance prntscr.com/ohvc1i

I've been trying to learn TA for some months now and this is the most eye-oppening thing I have encountered. Btw if you switch the first multiplier to 1.3x it appears that the 1W bottomed out there in the past and in this particular instance. Is there any particular reason for selecting 1.2, 2.2 3.2 ? Could you do one an analysis for ethereum in the future as well?

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What would you tell me if I told there were two artificial sell walls at 127 forcing the price down?

How are you privy to that info, it could just be someone unloading their bags.

Because he just took them down without filling them and a buy wall appeared at 118. Besides that's not the best way to unload your bags. No, this is textbook manipulation.

Sorry guys I'm a poorfag, has anyone found a free pdf for that book?

He could be spoofing and trying to suporess price and accumulate and you could choose to believe that but you can't be sure. Just ignore this for now on and focus on TA.

It gets tedious is all, i'll try to.

No other reason than that's the settings Mark Whistler uses in his book, I have also seen those same multipliers used in a few other places, I have no reason for now to not use them.
>It is nicely lining up with 1.3, interesting How does it affect smaller time frames? I havent attempted any fine tuning yet.

Not be surprised, someone with the motivation to move the market and the resource is clearly waiting to see how the longest time frame charts are looking. Last I check there was bearish slope on the Daily 50 length time frame.
>99-101 might be the lowest you go though if the daily lower 1.25 holds. Gut feeling tells me that people will be shaken out by a move down to around 80, probably will wick but not close convincingly below around 100

People will listen in time. You have to realize that 85% of Jow Forums are larpers that invested like $15 in LINK and other shitcoins, 14% are serious about trading and actually wants to learn and 1% are "professionals"(pretty much /madeit/) that barely post but lurks. However, 95% of everyone here are autistic so you can't expect them to read anything.. especially not 50 posts that is pretty much a boring wall of text in their eyes.
You will gather a tiny following at first but keep at it, post like 2 a day or something when you have time to spare.

I'm personally decently new to trading, all I'm using is major support/resistance and looking at the chart if its more bullish or bearish. I tried using indicators like MACD, RSI, Wavetrends, etc etc. But it's honestly just a waste of time in my eyes.
Vwap, major support/resistance, control your emotions when you enter a trade, SL, PT's and you're set.

What book? Price action trends?

I only have a Kindle copy but you can have a look at my notes, which is literally me reading and copying the sentence/rewriting it slightly so I understood it better. With the images (which I hope are all aligned properly
>quickfileshare . org/1Oax/VPA+M2M_notes.pdf
I hope that site isn't too cancerous

>Vwap, major support/resistance, control your emotions when you enter a trade, SL, PT's and you're set.
Do you have any recommended resources for any of those areas? I'm known to them but the more the merrier

The idea that something worthwhile can be learnt in a 'meme' format is ridiculous though, I just want that to change and make long form ideas and discussions live in harmony amongst the noise.
I don't want a following, I just want to learn something from here instead of this place instilling fear and greed when I browse haha

I can tell you how I usually trade if you want just to give you an idea, how I use my stop losses, profit targets, vwap and so on. I've been sitting here learning about trading for roughly 2 years now and from my experience, using the MACD, RSI, etc etc.. are just a waste of time because you want to be in a position before for example the MACD signals a bullish trend. Not to mention that if you keep too many indicators and shit on your chart, it will cloud your decision making.
I simply just ignore 99% of the indicators because it's just too much information that doesn't really provide you with enough answers.

What gave me this perspective was this book, check it out if you haven't already. dropbox.com/sh/wjtowqcwau4a305/AABI161cKKm-nInl_AAXV2Uea?dl=0&preview=Al Brooks - Trading Price Action (Trends).pdf

is there any meaningful TA you can do of low market, low liquidity shitcoins like, for example, the eden token? Seems like it's too easy for to break the price upwards (or downwards) because of the extremely low volume. If you look at the chart recently there are some pretty decent 10 - 20% swings every few days.

I lurk Jow Forums a lot.. call me a newfag or whatever.. but some of the shit you've been saying is extremely fucking helpful..

How long have you been doing this?

I hope you start accepting donations soon.

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Yeah those indicators are for the final confirmations, when I started I was using them like blunt instruments to trade 'muh crossover'.
That's great, anything that's helpful! Thanks for the contribution user.

That's great, hopefully we can distract the shills long enough to create a thriving environment.
Not long, maybe learning for a 1-2 year, but applying it took a lot of emotional regulation and control, different people have different hurdles to overcome.

>Same OP, just phoneposting

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I tried, but the chart only loaded the Daily data user, if you can load up these time frames 5m, 15m, 1h, 4h 200 length bbx3 I'll have a quick look before I go to sleep

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>claims to be proficient in Mark whistlers books but doesn’t use WAVE PM, the single most integral part of his strategy.

You can not accurately form predictions using only benchmark distributions and their mean period volatility. You’re using outer standard deviations without the relative metric of distributional width to determine their validity.

I use WAVE PM on another chart sometimes, but don't I have this covered by using looking at other time frames/
>find the time frame that's holding the attention of the 'market movers'

Please explain why/how I'm wrong as well.
Maybe I dong understand WAVE PM as well as I thought I did or am misusing it to not be using it now.

tradingview.com/x/O3EOh4c6/
F=MA.

Force is buying and selling, pushing price.
Acceleration is how fast price is moving. Everyone likes to measure this in a vacuum which is inefficient.

Mass is distributional width, the readings wave pm give as a relative metric.

Without the variable of mass shown for every period you measure you lose a filter that can point out areas your trade will fail. Extreme values are only a state of expansion without high distributional width readings.

tradingview.com/chart/BTCUSD/6SIl2X3f-The-Holy-Grail-of-Trading-Advanced-Volatility-Theory/

I knew mark personally, I rant about my developments on his concepts here.

Also, hi! Happy to see the strategy is out there organically still. Shoot me a dm on TradingView so I can show you the developments my team has made.

Alright op you seem pretty big-brained. Give it to me straight, should I keep holding onto this substantial ONE position or let it go? I'm not too far underwater on it yet, so it's not a huge deal

Great explanation on the link you provided, cleared it up a little for me.
What makes it necessary though? Or is it because it's measurable it's a worthwhile tool? Doesn't scanning the time frames and watching for failures along known stall points achieve the same thing even though less straightforward? Or does that put me at a disadvantage because I could have known the mass beforehand and acocunted for it?
I'll have to reread this when I'm not falling asleep.

>I hope this thread stays alive

Redpill me on why LINK will never reach $6?

Not using wave pm is like betting on whether or not Micky mantle will hit a home run but you don’t know if the pitcher is throwing a baseball or a bowling ball. Sure, you’ll figure it out once the bat makes contact with the ball, but you could have known that variable before you ever exposed yourself to risk. Mass matters, in every scenario. Seriously, I have an entire community of a hundred plus people I’ve taught volatility theory to in a discord channel. I’d love to see how someone who evolved into volatility theory without my influence gets different findings. Click through the signature on that TradingView idea on the discord invite link.
A lot of the problems made by multi period jankiness (caused by changing resolution but fixed period lookback) was solved by printing every single period of wave pm as a heat map. You can create comprehensive multi timeframe distributional width readings from a single window, which tell you vastly more relevant benchmarks than, well, the commonly accepted benchmarks.

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why is OP pretending not to recognize that he literally stole generic ideas from dadshark and made his own faulty "strategy"?

i redpilled u, link will never go below $6 once the target has been reached.

They have similar strategies because they're both heavily influenced by Mike Whistler. Read the thread

are you saying that coincidentally OP ALSO happened to have stumbled upon whistler's books independently well after dadshark has been harping on it here for months and OP only came up with it now, considering that whistlers books are more than 10yrs old?

OP
Can you do REN?

dev's are dumping their insane supply.

the more supply there is the harder it gets for the price to grow. like not linear but likely even exponential. 1bn in total suppy is insane. if thats completely dumped on the market the price will stay below 5,- for years

tradingview.com/x/snulxb4L/
Long on a successful bullish retest of 833?

it's going above 1k today

Maybe but right now it's under resistance.

whales want to move that 2-4h MA into the red

What are your plans for BTC? Any charts?

We could at least have one decent thread on Jow Forums.

I'd appreciate one done on ET, it's a relatively obscure pipeline services company with some very high price targets being set, and not a lot of hype around it.

>obscure service
>doesn't give full name of company

nice one man

bump

BitGreen Airdrops in their Discord with only 21 Million max supply

Stakebase listed them also as their pair (BITG)

20/10% incentives means 5 friends/family staking and trading will cover the fee.

bitcointalk.org/index.php?topic=2827989.msg51629410#msg51629410

youtu.be/s3SJ2TMIXZI - New BITG Wallet
youtu.be/OIamCXZ6CZI - Stakebase

before i get into all this.
do i need to be able to program?(bots)
does it work on recent coins (vidt)
if not what kind of coins does it work on and wont announcements matter more?
do i need to get pay programs or can i just do it on graphs binance or something?

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>do i need to be able to program?(bots)
No.
>does it work on recent coins (vidt)
No as well.
>if not what kind of coins does it work on and wont announcements matter more?
Announcements can matter more but it's unusual for scam coins team to time their announcement with good TA (Justin Sun does this).
>do i need to get pay programs or can i just do it on graphs binance or something?
tradingview.com free tier lets you do a lot and pro isn't expensive

>No as well.
Not as well. If there is no price history it's hard to know where you're going.

>tradingview.com/chart/BTCUSD/6SIl2X3f-The-Holy-Grail-of-Trading-Advanced-Volatility-Theory/
this is cool af

Is there an indicator for Wave PM on tv?

buy from dadsharks' website

so it's just an ad for his product

OP took his time to educate us on a matter we are unfamiliar with. Then people like you come here to shit all over his effort, because dadshark does a similar thing apparently. Unless he has a patented method there's no point bickering about this, it's fucking petty. And yes it is possible for 2 people to research on the same book and reach similar conclusions your fair dinkum maniac.

OP and dadshark have a similar method apparently and yes that's an ad for a paid indicator made by dadshark.

tradingview.com/script/M0bzjIDs-WAVE-PM-indicator/
google is your friend.

Yeah faggot Dadshark and his team are always spamming the rare TA threads we get on Jow Forums.

seems like the best ta is selling ta

Very cool, could you explain 'how to use WAVE PM' effectively? In a layman easy for noobs to understand way for those who aren't familiar, seems like your best placed to do so.

We've all been standing on the shoulders of other giants in every industry, it's how we progress and improve. More importantly is the bringing together of different and even similar ideas for open clear honest communication, I mean just by having this thread hopefully people are learning something and sparking new ideas/thoughts.
I know I've certainly learnt some things and hopefully flared the itch for learning in others.
>more important than 'muh grugg used the wheel first not you!'

The concepts and ideas can be learnt for free.
When there's a gold rush, you sell shovels user. I don't agree with it but it's the harsh reality. For now these threads and ideas should focus on free methods that everyone can use to educate themselves.

>make this a plug and shill free thread, information and education online. this isn't reddit where we're taking advantage lf lazy Anons, although it will still happen

I have seen a few Discord paid groups that pull more than 30K a month for a bunch of wrong calls. The few good calls they had they constantly retweet on Twitter so members keep coming to get rekt with the privilege of paying for it. Very lucrative business.

There are maybe some groups out there that give good calls but from what I heard dadshark isn't one of them. Which is why he needs to be in every TA thread on Jow Forums. Check the archives and you will see this is constant, shilling the same links, etc.

>In a layman easy for noobs to understand way for those who aren't familiar
From my experience most TA that isn't easily understandable like Eliot Wave and such is mostly bullshit and less effective that good old support/resistance TA.

why not keep the shovels and dig the gold up yourself?

>TA in crypto
>trying to TA against tether

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Exactly what I'm planning to do. Ideally wouldn't it be nice how to teach and inspire others to make their own shovels? Find their own patches of gold?
That's the idea here. Here we have a larger outreach and I guess a larger
spectrum of people who can't be taught the same way,
>we're obsessed with transparent decentralised databases, do we practice that in our daily life in any way? why not turn Jow Forums into something people look at for information and a wide range of discussion

Same OP, just phone posting using mobile data.

yea i dont buy the altruism

I don't expect you to, bur you have to try and practice what you prrach right? Hopefully you'll benefit from the shared collective altruism and autism from other like minded individuals.
The combination of ideas without worrying about recognition is more important and fruitful than not doing so in my opinion.

bumping for some good resource drops and ideas

please OP tell me what come next

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Could you give the name of the coin you're looking at? Or the reason why you haven't included it?
I'd like to have a look using the BB for a clearer historical context, i'm sure another user more familiar with mainly using price action patterns and support resistance lines could tell you more if not.

I'm not gonna give you the name since this is an old screenshot and the price has changed since
I just want to see what you would have done at the time but I can give you a screenshot with the BB just give me a sec.

Ok no problem, could you load the indicator I use (triple bollinger band, 200 length 1.25/2.2/3.2) and show me the time frames going down from daily to 15minute, same as you've done here but add on the hourly and 15m frames on one chart if you can.

He is mad that he didnt long

can't go back that far on the 15, and it look like trash on the daily

but yeah if you saw the previous thread you know what it is

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it's proof you can't rely on TA in this market, if you're trading

Isn't it more profitable to hold shitcoins till they moon instead of learning TA (meme)?

honestly yes just chose coin which are still very early and haven't mooned yet, diversify and hope you get a good one
DO NOT go all in a 2017-2018 already mooned shitcoin those will most likely never pump again

look at the 2013-2014 shitcoin they mooned then all died with a few small exceptions

yes, funny how many summerfags think that 2017 will happen again. All those shitcoins won't ever get close to ATH.

I can't bother with TA, my investment is still too small to waste too much time on it instead of learning new skills or simply cucking.

It's about percent. Imagine rolling a 100 sided dice, you win at 51 and above. 50%. 1-1 odds. TA (to me) is stretching those odds a bit in your favor. Imagine a 100 sided dice. Now you win if you hit 50 and above. You gain 2% there. TA is free and you increase your odds of choosing correctly by reading TA. In game theory you take 52-48 EVERY TIME over 50-50. I will roll a dice a million times with 50.1% odds. You increase your odds without decreasing your payout. TA isn't perfect but if it gives me even a 0.01% better odds I will use it (and I'm quite sure it's above that even for me and we'll above that for more seasoned ta guys) it's not perfect, but anything it gives you over 50-50 is pure fucking game theory gold.