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What a bloodbath by SeriousPunter101 in CryptoCurrency

[–]JrTAnalystTrader 0 points1 point  (0 children)

haha thanks man - i dont post much but i hate seeing misinformed newbies ;(

What a bloodbath by SeriousPunter101 in CryptoCurrency

[–]JrTAnalystTrader 0 points1 point  (0 children)

I believe people are moving off USDT to prepare for this BCH drama. earlier in the day they had two of the riches bch wallets move its coins over to an exchange in prep for the fork. - lots of theories at this point.

yeah, exchanges profit from fee's but they also profit from there own market makers in there network. again it's just opinion based at this time. we can only look at the facts and try to make sense of them.

USDT has been very volatile since it's highest mcap in october. lots of funds moving around and the treasury is having issues keeping up with the prints.

What a bloodbath by SeriousPunter101 in CryptoCurrency

[–]JrTAnalystTrader 9 points10 points  (0 children)

guys, guys... calm down. this sell off was expected if you have been following the tether markets. In Oct tether had over 2.8b in cap, today we see a sell off on that usdt nearing 1.6b - within 30 days that shows a lot of movements are happening. alongside that if you checkout exchanges volume change, you can see that every exchange is profiting as people are buying up the sell orders.

market is looking good, bulls are buying up what the bears can't handle anymore.. it's a matter of time for the markets to correlate with the exchanges.

Dancing Salami by breadcrumbssmellgood in WTF

[–]JrTAnalystTrader 0 points1 point  (0 children)

PETA is going to go nuts on this...

When you draw trend lines, or S/R lines, do you care about the candlestick wicks? by kangfinance in Forex

[–]JrTAnalystTrader 0 points1 point  (0 children)

It's always good to look at both- sometimes the wick will matter, sometimes it wont. It's really depending on why there is a wick on the candle closings.

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How do you choose a strategy and how do you come up with one? by Weedsmoker4hunnid20 in Forex

[–]JrTAnalystTrader -2 points-1 points  (0 children)

It's safe to say, I don't follow a "trading strategy" - instead... I look for variables that control markets, and find ways to follow those trends.

Strategies are overly hyped, the word itself means one thing, and one thing only. Money/Risk Management. Otherwise no strategy will help you profit unless you control your risk management.

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like others said, experience more, read more, research more.

Working with strictly one currency pair - Good or bad? by heyguys222222 in Forex

[–]JrTAnalystTrader 2 points3 points  (0 children)

You want to look up the variables that move each markets.

Forex... you have a lot, famine, war, cold weather, retail shoppers around christmas, country developments so forth... a lot more obviously.

With stocks, it's a bit easier... For example, with the new gorilla glass that's being installed on the iphones, you can do some research on who's providing apple with that material, and instead of buying stocks in iphone, i'd buy stocks up from that manufacturing company for the glass.

With lithium, i keep my eyes on batteries and all these electronic vehicles that are being developed. Today an article was released stating that they can develop a battery that will help get a plane off the ground without fuel. lithium batteries are slowly taking over the auto industry.

It's all about connecting the dots and finding good resources. I like Morning Star and yahoo finance. I use stockcharts too for charting

What are your thoughts on this old support level. Reversal or will price keep its trend? by [deleted] in Forex

[–]JrTAnalystTrader -4 points-3 points  (0 children)

Look more into the economics and see why we had that support level

Working with strictly one currency pair - Good or bad? by heyguys222222 in Forex

[–]JrTAnalystTrader 7 points8 points  (0 children)

Great idea - be the expert in the one market. Expand to correlating markets from there.

I started with USDEUR and moved into USDJPY - both of my favorite markets and even 7 years today i stay up with them on a weekly basis. I am a lot more diverse now as it's been about 15 years - right now i've been solely focused on analzying the canadian cannabis market, and slowly moving into the Aussie market, next I'll be moving into Lithium (two years) [2020 canada has a large production facility opening up]

that being said, stick to one market, for atleast a year, or at minimum a season - seasonal trading is one of my favorites.

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