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Cme!

WILL BE CLOSING MY LONG & ENTERING MY SHORT FAIRLY SOON...After 4 HR close on red bearish full body candle for some confirmation of a short incoming trade,will look for some volume to make sure this is not a double FAKE OUT , so far we have gotten rejected 11 times/FAILS at the new resistance level @ $11100.00 0n the 1 HR not being able to kick thru and move higher and finish this bullish fake out , so i believe we are going lower and will be closing the CME gap @ $9600.00 , maybe not tonight while the market is still consolidating and making up its crazy mind but it should close the gap soon after at market open Monday morning or soon after as it always fill sooner then later the market riggers/whales are very impatient
BYBIT:BTCUSD.PShort
by TENXBITTRADER
Understanding Risk/Reward through Bitcoin's CME Futures GapsIf you like this analysis, please make sure to like the post! I would also appreciate it if you could leave a comment below with some original insight. In this post, I will be explaining the concept of the Risk/Reward Ratio, also known as the RRR, and the significance of this idea when it comes to trading. I will also be explaining how this can be applied to Bitcoin's CME Futures Chart on the daily, in regards to gaps. Analysis - To begin with, Bitcoin's CME Futures chart shows a huge gap leading down to 9.6k - Unfortunately, this gap is yet to be filled. - Given that 99% of gaps that have been created get filled some time in the future, it's likely that this gap will fill as well - However, solely approaching the chart from the perspective of gaps has its limitations - For instance, the gap at 11.4k took almost a year to fill. - As such, gaps don't provide us with a specified time frame as a reference - Should we fill the gap right now, and bounce at gap support, that would be a 7% move downwards from the current price - Should we see a stronger bearish price movement that extends below the price gap, we could see a 15% move downwards based on support levels - The gap support at 8.8k converges with the descending trend line support on the weekly, as well as the 0.5 Fibonacci retracement support (refer to our previous analysis) - As such, it's reasonable to conclude that a bearish price movement over 15% is less probable. - On the bright side, it's also important to note that there are some gaps above the current price, indicating potentiality for bullishness - There is a wide gap at 10.5k levels, and another one at 11.4k - Given this information, we can estimate our risk/reward when entering a position at current levels - Splitting our entries into three different levels, we can: 1. Enter at the current price of 10.2k 2. Dollar Cost Average (DCA) at the 0.382 Fibonacci retracement support at 9.4k 3. Enter at gap support around 8.8k - This way, we know that our risk is limited, and that the upside remains huge, due to the overall trend being bullish. - Based on significant support and resistance levels, a trader would then calculate his stop loss target and take profit targets according to his risk appetite. Conclusion The trend is your friend. While the short term trend may appear bullish, it could be said that the overall trend for the long term remains bullish. As such, it would be better to look for spot/long entries near support. Don't predict the market. Take it by levels, and play by probabilities. - Michael Wang-
CME:BTC1!Education
by Michael_Wang_Official
DOWNTREND WAS INITIATED AUGUST 17TH (lower highs ever since) -Yurlo Please go ahead & give this post a like 👍 Why I'm bearish when everyone thinks "the bottom is in" #1: When everyone thinks the bottom is in, it probably isn't. #2: SPX just dropped below a MAJOR transition point (s/r) & I believe BTC will follow & break the $9800 support. #3: I don't like to follow the crowd. #4: Be a lion, not a sheep. Phases: #1: (downtrend initiation phase) #2: (sideways phase) #3: (fakeout phase) #4: (downtrend continuation from fakeout phase) #5: (distribution initiation phase) #6: (panic phase) #7: (lower high phase) Best of luck to you all.
BYBIT:BTCUSD.PShort
by Yurlo
15
$10200 REJECTION ON 4 HOUR CHART? (9600 gap inevitable) -Yurlo (PLEASE HIT THE LIKE BUTTON IF YOU APPRECIATE THE CONSTANT UPDATES AND VISUALS REGARDING PRICE ACTION) 👍 I took a scalp long after $9950 was defended HEAVILY by bulls, HOWEVER it seems to appear the 4 hour candle is getting rejected & I don't like how strong this downtrend setup is. I closed my long, and I'm going to take a small low leverage short here. (I'd still like to see the 9600 cme gap tapped) yes of course this MAY never happen and I'm prepared for the potential bottom to be in after the s/r was flipped at the $9950 level. I've got a feeling this will result in being a bull trap before we head to fill the (9600 CME gap) Enjoy your labour day, and get ready for another week of high volatility & great returns! If you have any questions regarding my perspective or the visuals I've provided just leave a comment and I'll do my best to help you! 👍 PLEASE NOTE: this can pump to $1100 USD & still be a lower high & be bearish.
COINBASE:BTCUSDShort
by Yurlo
6
$9600 (cme) or $10620 (cme) first? (PLACE YOUR BETS)-Yurlo (Please give this TA a thumbs up for the visuals created here) Recent weekends CME just closed at (10620), while the breakout CME at (9600) hasn't been tapped since we broke above (10000) well over a month ago. I'm placing my bets on $9600 to be tapped before $10620. Why: #1: Bears aren't close to reaching an exhaustion phase (every time bulls try to spook bears it gets pushed back down to prior levels) #2: We've been seeing lower highs & every pump is being sold. (bearish) Lose $9950 & $9600 will happen quite fast, hold $10000 & the s/r will flip.
BITFINEX:BTCUSDShort
by Yurlo
15
BTC ... GAP or BUST!Good Afternoon Everyone! A glance at BTC, I'll keep it short & sweet. - Right now, we've been respecting the TA that we've been sharing to the $$$, super happy about that! - We are SO SO CLOSE to this CME gap at 9600 being filled, what I said earlier & I'll say it again here, statistically, it's likely that we WILL fill the gap there, however I won’t discount the IDEA that the Market Makers are planning for this, so it would be wise to accommodate this in your strategy. - Longer Term, looking at the High Timeframes, specially the 1D, the HIGHEST QUALITY Demand Zone is at 8800, whether not we get there remains to be seen, I'm not suggesting anything & I'm not getting too much ahead of myself here but, this WOULD be the HIGHEST quality level and its one to keep on your radar for the Macro scale. - In conclusion, looking towards some relief too cool all the indicators down a bit (which we are having now admittedly) before we potentially fill that GAP at 9600 and then I'll be anticipating a MAJOR market decision there. Whether we continue down and come to rest at 8800, or we reverse and see those 10 - 12k Highs again. Stay Safe & have a great day!
BITSTAMP:BTCUSD
by Unity-Trading-Group
1
LOW RANGE SWEPT (back to high range - 10700)-Yurlo (please SMASH that like button if you appreciate the creativity I've been sharing with the community) 👍 Reasons why I'm bullish around the 9800 - 10100 level: #1: Every single time we've wicked below 10000 whales have been buying the zone up like no tomorrow/ #2: CME gap (latest) is still 10620, it would make for a smoother drop if this was to be taken out before (9600 CME gap) #3: This downtrend from the "top" at 12495 ish still has only 2 points on the trend-line (I'd like to see for a confirmed trend) #4: The market has flipped from EXTREME GREED to EXTREME FEAR (this is a buying opportunity for me) #5: I trade my plan & plan my trade. (my plan tells me to long) #6: I feel like being an alpha chad bull Enjoy the rest of your Labour day long weekend, and hopefully see you at 10700.
COINBASE:BTCUSDLong
by Yurlo
17
Look Out Below ! CME/BTC1! #cmefutures #bitcoin #CME $BTCWell after that Bitcoin dump the other day many are speculating " How low can this go ? " Well there is still a CME BTC futures gap below us on the daily CME BTC1! chart . Can you see above where I have placed the purple arrows on the chart ? That is the gap right there . It's between 9925 - and - 9670 and so we do need to go down there and fill this gap at some point . This gap has been there since late July but since Bitcoin has already gone below 10k today it is highly speculated that we will go down to mid 9k region at least to fill this futures gap . Possibly we go a bit lower too . Will it happen this weekend ? No , because the CME Futures are closed on weekends and Monday September 7th is a holiday in the USA and banks are closed so probably it has to wait until at least Tuesday . I still expect BTC to hit 14k this year , possibly more , but it seems like we will fill this gap first before we continue on up . Have a great weekend !
CME:BTC1!
by shimmeringpath
BTC (Y20.P4.E5).Macro.Next movesHi All, I have been looking at what is likely to happen next with BTC price action and I thought this time, I start it off with the BTC CME chart (FUTURES chart) this time. OBSERVATIONS and THOUGHTS: ====================================== NOTE: many of the things outlined here were mentioned or shared in my previous posts and now I believe its confirmation to it. There is also other developments that need to be considered or factored into the equation, eg US dollar index. > As I stated in the past, I had a major pullback happening around to this level, and I was somewhat near it, but what ever it was we would then acknowledge it as wave 5 complete and the ABC correction is taking place. > The ABC correction will take us below 10K for the last time for a long time, this will happen on this current wave, as per my chart and post below. The below post is still valid as to what I see happening at the macro level (and its charts extracted from it). > Now we have a bounce target here which is ranging from 10850 to 11200, but this is conditioned based along with the USD and SP500\and Gold. > I see impulse C near the apex of the ascending triangle we had a month ago (rangeing from 9k to 10.5k) were we spent months in it. Hence why its a strong support area one would think. Using the volume tool, I have this range as per the chart. Anything below this, will make the MACRO chart bearish and then its likely we can visit 7k to 8k. At this point, I see this less likely but who knows. I would need to see the daily and weekly indicators to make a judge then. > For now the CME gap was not filled and its likely it will with B to C impulse. > Many of the DEFI alts will likely drop to the same level as now if this happens, making it a double bottom and for those that bounced well, a fib higher. ====================================== Now some factors that can influence the stock market and BTC. > USD pricing, hence the chart below. To summarise, if the USD rallies up, its likely that the stock market and crypto will drop more than expected. If its long term rally. If it drops more, its good news for the stock market and crypto. > I'm a follower of Alessio and he says the following: hence I agree with him and a few others who share the same thoughts. As per the chart, its my idea although people could have similar or alike. Alessio tweets #Bitcoin has been following our script exactly! Back in June I called for a move higher from 9K to 12K (in the Summer), then a DROP back BELOW 10K by September-October, and then finally a move significantly higher as we start the new year (2021). OHH YEAAH! CHICKA CHIKA! The stock market has been the BEST predictor of #USElections . Right now, it's likely bad news for our current President, as the market is down over 5% in Sept. Remember that a >5% drop in the months of Sept-Oct in a RECESSION is statistically a negative sign for the incumbent. Two weeks ago I told you that IF the stock markets drop by 5% or more in the 2 months before the #USElections , specially during a RECESSION, then it is usually BAD news for the incumbent President. Examples are: 2008, 2000, 1992, 1980 etc. Therefore... (Part 1/2) Please give me a like or tick for this post; Cheers, S.Sari My key levels =============================================================================================== PREVIOUS POSTS Within this post I had this chart, and I'm still of this mind Then this as the overall picture =============================================================================================== USD PRICE INDEX YESTERDAYs on the SP500
CME:BTC1!
by ssari
3
WHALES ACCUMULATING AT 10K ZONE (buy signal) -Yurlo (please give these visuals a thumbs up if you like the creativity of my mind) Last night I took a short around 10500, I closed around 10000 & opened a small low leveraged long. It seems to me that whales are clearly accumulating the 10k level because every time we dump below 10k it gets bought up SIGNIFICANTLY & if you haven't noticed the last dump which went below 10k briefly reacted this way as well. Also, the latest CME gap is at 10620. (another at 9600) I'll buy the 9650 CME gap if we wick there as well, as well as 9k if we test that zone. Last night the price action was bearish, not it's looking bullish going into this Saturday. I'll be building a long position for when we test closer to current CME gap (10620) before looking for a move that will hold below 10k. Bitcoin doesn't look ready to tap the 9600 CME gap and I'm not going to force a trade or bias, instead I'll join the trend and ride the waves. Hopefully see you at 11055 & remember: we can still visit 11700 & it still would be considered a lower high and bearish from the "top" HOWEVER, if that validation point #3 got wiped out by bulls it would be clear 12.5k was NOT the top & whales wanted to enjoy a massive shakeout before continuing. Apart of being a day trader is NOT BEING MARRIED TO YOUR POSITIONS AND AS YOU CAN CLEARLY SEE I'VE BEEN MAKING MONEY ON BOTH SIDES LIKE A REAL TRADER. FUCK BEING A BULL OR A BEAR, I'M A DAY TRADER. END OF STORY.
COINBASE:BTCUSDLong
by Yurlo
37
CME's painting the picture of BTC's next move perhaps BTCUSD Ok here’s my BTC theory... The CMEs closed on Friday with BTC at 10660. That means as long as we stay under that price on the weekend, a new gap up to that number will be created. There’s the existing gap between 9670-9930 and we have wicked down there a couple times so far this weekend. If we stay around the area we are now (10,300ish) then I have a feeling come Monday CMEs will close the lower gap and then shoot up to close this weekends gap. So therefore I’m still currently bullish looking for 9600-10k entries. **Bitcoin CME Futures Gaps Are Filled With 95% Certainty, But Trading Them Is Risky
CME:BTC1!Long
by TradeTravelChill
Bitcoin Price Action vs the CME GapThe reason I started looking into this is because I was wondering if there could be a scenario where the price of bitcoin could stay relatively close to $10k but the CME price when it opens on Sunday gaps down passed the price of bitcoin filling the gap from July then bounce back up to near the current price of BTC. The CME bitcoin futures price closed today at $10,620 so if The upper chart simply shows the CME gap which formed from the close on July 24th to the open on July 26th and has yet to be filled. The bottom chart shows what the price of bitcoin did during the hours that the CME was closed causing the CME to respond with a gap. I was curious how close the CME price came to the bitcoin spot price when it gaped, I was looking for any over shoot. Looking at the data it looks like the CME price gaped very close to the spot price with little if any over shoot. It is possible that the price of bitcoin over the weekend could rise instead of dropping back to or under $10k. As close as the price is to the gap right now I feel pretty strongly that the price of BTC is more likely to drop so that the gap can be filled rather then take off higher from here leaving the gap unfilled.
CME:BTC1!
by Bigsky_Crypto
2
[Beginners & Intermediate] Where to learn about trading?I will introduce this by reminding that this is not school and not a 9 to 5 job either. No one will just hand over a strategy and go "ok go make some money instead of me now", there are a few strategy out there on the internet an never know one might have an edge, but it's not even worth it to spend hours looking for something. And makes no sense, "too lazy to find one on my own so I spend hours looking for the holy grail on the internet". People got brainwashed to learn something by heart at school, go to work from 9 to 5 - this must be why there are so many day traders, they do not know how to function differently than 9 to 5 -, get a wage every month, the more you do the bigger the reward... Real life does not work like this. Even the cheetah know this. While they run at formula 1 speeds, they still stalk their prey and are real careful and plan ahead and make sure they have a good risk to reward and high probabilities of catching their (big) prey. And then they protect it. They do not leave carcasses lying around and spend all their time chasing prey like idiots. It's like with Einstein, no one told him "k now go prove that Newton gravity theory is false, this is how you will do it". There are plenty of different type of strategy, merger arbitrage, quantitative systematic, discretionary, a combination of both (I think this is what I do), stock long bias, stock short bias (haha), and so on. But in any case you have to do your own research. Arbitrage means analysing data and looking for numbers in sheets of numbers, quant & discretionary means analysing data and looking for numbers in sheets of numbers, and so on. Still you have to understand how markets work, what futures are and are not if you trade those, the different terms, compounding (it does not just mean "waow I make lots of money"), learn that after losing 20% to get back to breakeven you need to make 25%, that markets gap, markets change... Also you need to get used to tools, used to the places you'll get your info from, and constently be learning from especially at some point we do want to learn how to invest to get some passive income because we do not know if we will still be making money 5 years from now. The road is long, so be sure you are legit interested, and it is as important to have reliable sources as it is to make it fun & interesting, because the road is real long. 1- At the source Biggest exchange, and best website: The CME. ⭐⭐⭐⭐⭐ Both the best for beginners, and for advanced. www.cmegroup.com The site is huge. They have what is at human scale infinite data. And it is well designed. They even have some courses, webinars, and more. Here you can find courses for each of their asset classes, and if you select none you got generic ones too. All free. Free and reliable. The problem with trolls that sell $5000 education is it is often infested with errors, including very dangerous ones. Maybe the cme is going to get greedy seing millions of new fresh amateur liquidity providers, and start charging for their content. I hope not. Thinking of it, this sort of people is not looking for some sober information dense content, but for flashy lights and "get abs in 30 days with no efforts lose 10 pounds a week make 10% every day". www.cmegroup.com They even have an introduction to dairy, in 13 modules. www.cmegroup.com We live in the day of big data funds, and they charge a few hundred to a few thousand dollars for access to TB of data on their products. Bitcoin and a few other featured/new products are free. datamine.cmegroup.com Crypto is free xd but who cares? Crypto traders won't download this ever will they? Not like there is enough data to get anything out of it, but still can be interesting to look at. If you do not know where to start you can (and probably should if you trade futures) spend thousands of hours on the CME website alone, looking at various info and going throught courses (I'd recommend starting with just a handful of assets and getting into those + taking a quick look at others for greater understanding). The second biggest exchange group is the ICE. They operate the Intercontinental Exchange (no kidding) and the famous New York Stock Exchange. The ICE is king on a few futures: - The big non grain 4 agri: Cotton, Cocoa, Sugar, Coffee. Unless another exchange steals this it is unlikely it will ever disappear, did you know that over 1000 years ago the most traded product after gold was Kola nuts? People were already addicted to "chocolate & coffee" back then. Anything that binds to opiod receptors & is socially acceptable = invest for 100 generations. Sugar is sugar obviously. I think those are the most interesting products they have. - Brent Oil, Natural Gas variations - Equity derivatives (FTSE, FANG) - The Euribor I think those are the main ones. Their site just makes me angry. I want to punch my screen everytime I go there unless I use a direct link and go straight for the info I want. They list their futures so bad so wrong, they have them literally hidden in a list of 100 other ones no one cares about and of course why show volumes so people can get there faster or why put them at the top of the list when you can rather have people waste time every single time? There might be some things no one is looking at in some ignored assets... But one has to get past the anger... They sometimes hide the central, important info, and blind you with absolutely useless and stupid things. Even the dumbest things... I clic on one of their links then the site buttons just move! Why are they not in the same corner? Why is every page built a little differently? Not completely different, but just enough to annoy you. I go on the main page for a CME future I directly see volumes & for the past days and open interest and for each expiry, with the ICE... It's a 5 months projects, I have to clic on some links that are so not explicit at all, then there is another list of links and I always end up on the wrong one and so on. Well I think it improved, it is not as irritating and useless as it used to be. Maybe another 10 years and they enter the 21st century? Recently their charts on tradingview went from EOD to regular, I don't know how that happened, but this sort of thing can help them get into the spotlight a bit more, retail has no interest whatsoever in their futures except maybe Brent so it might not be very helpful, but it is a start. www.theice.com They offer some insights that are pretty helpful. Nah I'm joking they are useless like the rest of the site. www.theice.com Industrial metals are not popular they are less popular than some rando chinese mlm stock (with retail I mean, many of the metals have volumes of over 5 bil a day), but I will link the LME site anyway, it is well designed, and they have plenty of useful ressources. www.lme.com The biggest ones are I think Aluminum, Nickel, Zinc. Nickel has an adv of 10 billion usd which is more than silver & copper, and was very roughly twice the silver volume until recently where it exploded. Volumes have been going up, maybe in large part due to EV batteries needing this metal, and lots of mines getting opened in south america. The limitation for amateurs to get into this is it is priced in tonnes (1 future = 6) and I do not think there are brokers with minimum sizes below 1 unit (tonne). The price being $15000 and min tick size $5 eliminates alot of participants. The spread alone would already be on the min order $30. That is 1% of a 3 grands account so forget it. Another one I really liked the chart of is Zinc, but I did not look much into it. Interesting site even if it is more for advanced participants, there are no e-mini-ultra-super-micro-get-started-with-your-lunch-money-no-experience-required s&p for baby accounts like the CME did recently (e-mini was not small enough for the "legends" to gamble). For FX there is no "at the source". But interesting places would be GS website, they publish public reports sometimes, the international bankers with the imf & bis, the fed websites have alot of info, but there is no "learn trading" or market data there. And FX does not have all its info available if you are not part of a bank. So objectively it is probably harder to get into. The FED (one of them) published a report on patterns in charts, their conclusions are "sometimes head and shoulders work". They have some info. A little of verified tested and legit info is better than tons of worthless crap filled with mistakes a marketting troll put together. Morgan Stanley... Here is a pdf from them with performances from hedge funds (max drawdown, sharpe ratio, returns), shows what is possible and realistic. www.morganstanley.com Then for stocks there are all kinds of places. The nyse I never go to and is as ugly as the ice website, probably as bad too. www.nyse.com The nasdaq that was always down when I used to check. News, short interest (They showed you that half the planet was shorting Tesla a year ago), all the important stock info you would expect... www.nasdaq.com For crypto: nothing. There simply is nowhere to go to. Satoshi whitepaper maybe. The CME & Nasdaq website have a little on crypto so might as well go there check it out (I haven't, no idea what is inside). Who I would not recommend on the "at the source" side: Brokers. I mean... lol brokers come on. 2- Specialised websites There is already enough to be busy for several thousand hours in 1-, but there is more. First there is tradingview. Not sure if I wanted to put them in social networks or here. You will find all kindz of people making all kindz of gainz- I mean losses. It's a place to exchange ideas, see what others are doing, learn crowd psychology... And they have the most ergonomic convenient charting service. Support page to find how to use the tools and ... I had to link something. www.tradingview.com Babypips is offering an education on forex in 348 lessons (free), they have quizz also. Remember to never take anything as reality, in general I mean not them in particular. Have the chart & source data at the tip of your finger. Completing this should take a good 500 hours. Since you are not just rush reading it and seing for yourself on charts how things play out. Doable in 30 days if you spend 16 hours a day on it. Maybe faster if you skip the indicators part, but nah everyone should look at those at least once. Prime brokers on their PF offer indicators and pros use them (especially small funds) so if it helps... I think most PM use at least some indicators they just don't over-rely on them and not any indicator. And it is interesting, you might indirectly learn something, also early on maaaaybe they can help because you are not experienced enough to see with the naked eye. www.babypips.com Investing dot com. Now with free ebooks! www.investing.com Investopedia has all sorts of definitions and articles www.investopedia.com 3- Social networks MyFxBook contains the best systems that go from the top followed to the top discussed when they go to zero. Coinflip outliers get popular, go to zero, get most discussed, disappear. There is no big "went to zero recently" at the moment, but they happen all the time. Some might not go to zero because they found a bug with a broker and are exploiting it until it gets fixed. Some people also cheat the results are fake, if you look for it you can find it explained how it works. If seing huge results makes you sad, then stay away. I only check from time to time to see fools blow up. www.myfxbook.com www.myfxbook.com Forexfactory, pretty classic, with calendars forums and all, they have variants of the site for stocks & for commodities www.forexfactory.com EliteTraders www.elitetrader.com Trade2Win I never go there not flashy and full of dumb trolls enough for me, must mean it's half decent. I get most of my entertainement elsewhere, and I don't want to say I know everything but I don't really need tips - that are always the same ones - anymore. www.trade2win.com Stocktwits stocktwits.com Then there are also youtube channels. Some I like are: - The ukspreadbetting channel, they have interviews with traders, and for the past couple of years Mark has been pumping out videos at an inhuman rate. - MoneyWeek, especially their old videos which are also the most popular - Patrick Boyle channel, he is quantitative speculator (he analyses data and looks for pattern) that worked with Soros I discovered his channel recently he was being interviewed and cracking up about "fast car trading educators". "Patrick Boyle is a hedge fund manager, a university professor and a former investment banker." - OBVIOUSLY Peter Schiff, GoldSilver (w/ Mike Maloney), and any permabear I can get my hands on will be a favorite ^^ - Dan Pena videos for the screaming - Ricky Gutierrez, Timothy Sykes, Tai Lopez, FxLifeStyle Forex for... well let's just leave it there shall we? There are plenty of channels. The list could go on. 4- Books & other tools Math & stats sites are usually pretty safe. The sort of people that wants to get rich quick is not the sort of people that goes to those ;) They're not infested with wolfs of wall street advice. Books are boring but some I know of and are good are Market Wizards, Reminiscences of a stock operator, Extraordinary Popular Delusions and the Madness of Crowds. You can find the last 2 on the internet as free pdf. A probability calculator is here (to estimate odds of drawdown, and other things): vassarstats.net Well tradingview, excel, and the printscreen button. 5- Expensive educators I don't want to only bash them, hey even pro athletes and gamers have coaches and mentors right? It makes little sense to me for a novice that knows nothing to go pay hundreds or thousands to learn basics that are out there for free. I would at least pick someone with credentials, and be aware that because someone was a floor traders or a market maker in a bank, or a trader only supposed to execute clients orders like Nick Leeson, does not mean they know how to make money speculating (especially if they are Nick Learned his Lesson). Chances are they don't, they tried but they just can't because not every one can make it into one of the hardest games. There will always be people that want to lose 30 kilos in 30 days and want quick abs and so the scammers will keep proliferating, can't even blame them. Just get in front of a chart and grind your way up noting what happened everytime specific conditions came together checking how often it worked out and what was the payout and far did it go in the wrong direction first, find the point where the SL is the most optimal for WR & RR, run stat tools and note everything about it. Log your trades, gain experience, read about economic news, keep learning, keep analysing charts, work on your routine, get more organised, design ways to decide you will look at a specific asset, then design your method for building an opinion on it based on your vast database of probabilities, intuition, macro conditions etc. It's not that hard. You either want to be a financial speculator or you don't. And this is what it is. You can't go for a job but without doing that job and constantly looking for tricks to do anything but that job. Or just go try to become a multi millionaire golf player without ever picking up a club, at least you'll get some fresh air. Same goes for going for it but expecting the journey to last 200 hours and then that's it you are profitable and can now relax on your expensive boat delusional to the max 😆
NYMEX:CL1!Education
by MrRenev