technicalanal

Looks like an awesome post and I'm looking forward to reading it all tomorrow when I have the time. My initial reaction was - WHAAAAAAAT?! A crypto chart?! ;-)

Hi Peter First, you've got your zones messed up - that's a demand zone! But yes, the principle is that the zones get "emptied" the more they are tested and then we see price break through them.

Thanks missy. I much prefer market orders but you're right, if limit orders get hit they get hit, or not.

Yes, it's essentially acting as a support/resistance line, so the more times that it's hit, the less effective it is I only look to trade at first time back to fresh levels because it'll get the majority

Hello mate. Support and resistance shows us an area where price has tested a few times and failed to break through. Supply and demand goes a bit deeper. S/D shows us an area where buyers and sellers are

I wait for the best setups for more favourable R:R, so most days I don't take any

Haha, I feel like this type of information is wasted on a lot of people! I interact with quite a few day traders on my Twitter and I think they find it useful

Indeed. I reckon you can learn some sort of TA and a strategy within 6 months, but the mental side of things could take years. Most won't even get there

The first test of that resistance is more what I would've liked to have seen personally. Slow build up and a load of bearish and indecisive candles. I fall guilty of what your overall post is saying sometimes.

Haha, I wonder how many actually take what I say on board!

Whoa, hey! Have you been stalking my Twitter?!

It's the same with flags. Any small consolidation and people start marking them just because they can see them! This is why I do what I do on here! Not many listen though. It's too much hard work ;-)

Absolutely none taken mate. Yeah, I'm not saying I'm re-inventing the wheel or anything but it's been a profitable method for me and has produced some very consistent performance results over a number

Thanks. This is just my understanding and experience of it. I didn't come up with the concept!

Nope, not my thing at all!

Hey mate. I haven't had a look at your posts yet as I've been suffering with tonsillitis the past week. I'll have a look tomorrow when I'm less tired!

Okay, fair enough. And likewise. I agree it's about having rules and a defined method that you stick to consistently, no matter what, and that it becomes a bit boring but successful. ;-)

Yep, my trading all comes down to the elements I've written about, and over 10,000 hours watching charts and having a sort of "sixth sense" about what's going to happen. I don't hold much stock

Yeah, totally agreed. I'm finding it hard to find anyone that actually knows what they're talking about! Especially on crypto Twitter...I'll bin it off soon if it doesn't kick off. My technical analysis

I would've exited just a bit lower, where there's a bit of a line up with a previous wick. But yes, if you've got the correct zones marked, it makes everything a hell of a lot easier!