/biz/ - Business & Finance

I trade forex, forget about it, they will chew you up.
The only way I can do it is ultra short term but not too short term that the bots eat me. On every time frame there are 9000 fake break outs, rewinds and out of nowhere spike stop outs that will absolutely fry your brain sac.

>>6945960

Well I trade oil for my company.

I don't trade crypto because, from what I've heard, when things get volatile exchanges shut off, so I wouldn't be able to sell tops and bottoms.

Secondly, I wouldn't be able to really trade like I'm used to because coins left on exchange can and are frequently stolen.

>>6945921

It doesn't really matter if USD is falling and you're an American investing in the US.

Before I go, I'd like to mention something I've noticed recently.

In long term trends, profit taking, or down days will happen quickly and then end. People take profit and then buy back. Usually its an engulfing bearish daily candle or something that makes people think its a reversal.

In sideways markets I often observed this as a sign of reversal, but not recently as few markets are sideways anymore.

Look at August 10, or March 3rd of the S&P last year, or maybe the last closed Gold candle.

I'm embarrassed to even be talking about Gold because in general I think the gold people are retarded. It's good to learn about nuances in every bit of economies though I guess.

It depends what you want to do, a lot of things 'work' if you can see it and more importantly you can do it under pressure.
Some ideas:
Wyckoff as a demand supply model and trading framework for markets. Volume is critical, weis wave (cumulative volume per swing) is good if you can see it. No book, just scrounge articles and youtube videos.

LA Little - Qualifying Trend. Even if you don't go the trend/stocks route, there is good stuff in here about volume and anchor bars, and a logical way to look at if a market is going up down or sideways. Underrated.

Constance Brown - Technical analysis demystified.
Interesting stuff, she kind of pulls it together but she's not the clearest. This woman is deep into fibs and it works if you can do what she does, her 2deep4u fib book is hard work so read this one before.

There are other good 'trading' books I could suggest, like Al Brooks or Bob Volman, but its pure autism and unless you want to scalp short term charts save yourself and forget it.

>>5437284

It will pick up more if bitcoin doesn't crash. Most brokers do not allow bitcoin futures trading at the moment.

>>5437315

The dreaded duck... 1st most dreaded only to the kangaroo eating spaghetti.

>>5437321

Directional accuracy?

>>5437372

Yes??????

>>5359805
Even if your spergout was true, so fucking what? It goes up you hit the buy button, or the opposite. If it goes sideways you trade the range. It's just fucking numbers, with easily available 50X leverage, stops that actually fucking work and exchanges that can't steal your money.

>hurr I bought the dip why it go down
You dumb fucking gonks and your dip meme make me legitimately mad. Like the generations of traders before you haven't struggled with the eternal problem of WHERE IS THE FUCKING DIP.
I can't wait until you move onto the fib retracements of the whole move meme and buy the 38, 50, 62 then the fucking 89 and get btfo on all of them.

>>5244175

refer to

>>5242702

>>5244178

It looks like crypto trades in a tame way if you can get good at recognizing the pullbacks because they happen fast (I am not familiar with crypto trading).

I don't see a lot of the back and forth I see in normal markets. It doesn't seem like there are a ton of false formation breakouts to provide liquidity for big players... they just seem to dump... oddly.

High volume without a large candle just means disagreement in the next direction.

I also use daily/four hourly candles, which is not useful on crypto. Usually anything smaller will lead to you getting a lot of false impressions. One of the hardest things when you're not dealing with a ton of money is patience... in terms of months/years... and using 1-5 minute time frames generally implies that's something a person doesn't have yet.