Important Reminder: Technical analysis is ultimately just a technical view, it may be correct or it may be wrong.
More important than the analysis itself is money management and sticking to the established trading plan: Clear entry price, setting stop-loss, and defining profit-taking.
As long as you forget your risk, the market will sort you out in its own way
The truth is that everyone's problem is forgetting or ignoring their risk when the market moves in the desired direction. On the other hand, when any unexpected sudden movement occurs, the investor gets confused and sees no way out except humiliating patience. How should we act during uptrends when stop-loss levels are triggered, and how can we protect our invested funds from being lost?
In the name of God Many of those who give buying and selling advice and write on this platform fall into a serious ethical mistake, which is exaggerating the display of their successful recommendations and attempting to hide the recommendations they failed on. The problem with this is that these results do not reflect the true performance of the financial analyst, and some followers may be misled by these dishonest results and agree to let them manage their money, which leads to outcomes different from what was expected.
Introduction Technical patterns are recurring shapes formed by candlesticks on the chart. Traders can recognize these patterns and use them to predict future price movements, either upward or downward. ------ Every pattern has a philosophy that justifies its formation; in general, these patterns are reflections of the collective mindset of traders across all categories—market makers and small traders alike. Their movements can be traced and interpreted through patterns. Moreover, patterns reflect traders' reactions to certain events or their expectations of future developments.
The successful person is one who respects market movements, even when they go against their expectations
One who has a strong and penetrating opinion about the market in general or about the currency they are buying is highly exposed to losses. And one who has a strong and penetrating opinion after carefully studying the market and its currencies is also exposed to significant losses. Does this mean we should not study the market or our currency carefully? On the contrary, we must study our currency and the market with the utmost care and objectivity.
Investor Risk Attitude: Why Do We Sell Winners and Hold Losers?
One of the key points in behavioral probability theory is "investor risk attitude". Here, we say that the investor prefers to reduce risk levels when entering the gain zone, meaning they prefer a small certain gain over a larger uncertain one. As a result of this behavioral trait, the investor faces great difficulty in holding onto their assets—or even selling them—throughout an entire upward trend.
Now we see a classic pattern commonly known from the classical technical analysis school CFTE Head and Shoulders It confirms when the price breaks below 29.50 and retests the break with trading volumes on the break, the target would be 19
Trading volumes within the pattern should be high at the bottoms and low at the tops
The pattern fails if the right shoulder's peak is exceeded at price 21 And confirmation of failure occurs if the head is exceeded at price 21.75
Great, anything you want from classic patterns during our trading journey, we'll share them with you—more educational than recommendations 🙏🏼🙏🏼🙏🏼🙏🏼🙏🏼 $RIVER #StrategyBTCPurchase #Trading
Don't sail against the current, my friend. Don't fight the trend and bet on a reversal before you see evidence of it. Breaking the historical price low gives room for further decline and more drops, unless God wills otherwise, and unless it breaks the downtrend and forms a higher high and a higher low.
I don't provide buy or sell recommendations here. What I share with you is the mindset and decision-making process in trading, which in my opinion is the most important.
Even if you hear any recommendation on the platform from esteemed teachers more knowledgeable and experienced than me, always try to ask: Why? And how?
Don't follow the herd; build independence in your decisions.
Technical analysis is not everything; it's just one perspective that may be right or wrong. What protects us when acting against expectations is sound money management and risk management above all.
Wishing you a successful trading journey. Enjoy and preserve your capital to stay here as long as possible.
But when you see its behavior like this What's your opinion Should you take it as an uptrend or a downtrend
I take it as a downtrend upon its rebound near prices 2.40 ~ 2.35 because it traded below the lowest historical price of the asset, thereby invalidating the previous impulsive waves, and this confirms your view, especially given the high trading volumes during its break below the lowest historical low
I'm trying to write down every step I take in analysis and trading, not claiming knowledge or giving recommendations, but sharing an experience that might help any sister or brother here. If at any time my words caused discomfort to anyone, it was absolutely not intended. May God bless us all, and grant good to everyone who strives and learns.
If I want to enter $RIVER , I'll do the following:
The Fibonacci retracement level from the last peak I made should be my stop-loss at 123% Fibonacci retracement.
Calculate my position size to be small so I don't exceed my all-time high by 123% Fibonacci.
Divide my entry points and enter in batches.
Monitor volume movement—when price moves upward, volume should be decreasing, and when price moves downward, volume should be increasing.
Also, notice the bearish candles that will form afterward and how they interact with Fibonacci lines—if a candle touches one of the Fibonacci lines and reverses downward, this is a signal for me to consider that level as resistance, especially if there is significant trading volume accompanying the move.
But when you see its behavior like this What's your opinion Should you take it as an uptrend or a downtrend
I take it as a downtrend upon its rebound near prices 2.40 ~ 2.35 because it traded below the lowest historical price of the asset, thereby invalidating the previous impulsive waves, and this confirms your view, especially given the high trading volumes during its break below the lowest historical low
I sold at a loss and the market moved? The problem isn't in the market
"I used a stop-loss and the market moved against me" ------ "I bought the currency that looked good, the one I told you about, and it dropped. What should I do?"-------"I sold the currency at my target price and continued rising—if I still had the currency, I would have made a fortune"------ "The market isn't moving technically or fundamentally; it's just going its own way"--------- "Some people are controlling this currency and manipulating it, making it go up and down to sell to us"-------- "There's no luck in these currencies"---------
Make the trend your friend, and don't bet against it unless you break an uptrend or break through a downtrend
Momo_AIR
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THE TREND IS YOUR FRIEND Do not sail against the tide; the descent will remain downward unless signs of reversal appear through breaking a downtrend. Higher trading volumes enhance your visibility in the trade; increased volumes in downward movements support further declines.
Trading is not about titles… it's about correctly reading the market
And I'm amazed by the massive volume of recommendations spreading across the platform, And the vast majority of them – except for those whom my Lord has mercy upon – lack scientific basis and methodology.
The real danger isn't in the abundance of recommendations, But rather in blindly following them without understanding or awareness of what is actually happening on the chart. And what's more astonishing is this, When I see people presenting themselves with catchy titles,
Markets never run out of opportunities… but they punish those who don't safeguard their capital
Many losses and many opportunities were within our reach, yet we failed to take advantage of them. That stock, I would have bought it, but something unknown prevented me from purchasing it, and I felt that my lifetime opportunity was lost after seeing how it soared. I bought another one instead, and it plummeted drastically. A deep feeling that I missed an irreplaceable opportunity. The wisdom of the day is that opportunities never end, and they will never end—this fact should have a positive impact on us, no matter how much we feel the opportunities that slipped through our hands are irreplaceable.
But when you see its behavior like this What's your opinion Should you take it as an uptrend or a downtrend
I take it as a downtrend upon its rebound near prices 2.40 ~ 2.35 because it traded below the lowest historical price of the asset, thereby invalidating the previous impulsive waves, and this confirms your view, especially given the high trading volumes during its break below the lowest historical low
The Secret to Wallet Success: Love Your Losses Before They Grow
Words I've heard myself many times, but against my will, I can't stop saying them. Is it possible that when these words repeat for the 701st time, people will benefit from them this time, for example? The profits in your wallet are actually not related to your actual profits. The thing we still haven't managed to understand until now. Everything is related to the losses that are being incurred. You have two things that, if you do them, you'll commit suicide... selling at a huge loss and, secondly, refusing to accept losses in the first place. The second leads to the first. Those who don't understand the last part should read it again to understand.