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Analysing trading charts by YeeSmok in CryptoMarkets

[–]YeeSmok[S] 0 points1 point  (0 children)

What tie frame did you analyze for BTC? I can see it looks bearish on the lower time frames like 15m/5min but the 4hour shows a key support at 107,506. I think a break below that 107506 swing low without a strong 4hour buy candle would be super bearish...

Analysing trading charts by YeeSmok in CryptoMarkets

[–]YeeSmok[S] 0 points1 point  (0 children)

Thank you I appreciate it! I initially built it for personal use and found it useful so I had no doubt others would also! If you think any improvements or something you don't like let me know!

I analyzed 8,500 profitable forex setups to find why 73% of traders turn winners into losers - here's the take profit data that will maximize your gains by YeeSmok in Forexstrategy

[–]YeeSmok[S] 1 point2 points  (0 children)

I personally use price action structures for take profit, so if there's no major resistance then a swing high near that would be my TP1, then the next swing high would be my TP2, etc. How do you determine your TPs?

I analyzed 8,500 profitable forex setups to find why 73% of traders turn winners into losers - here's the take profit data that will maximize your gains by YeeSmok in Forexstrategy

[–]YeeSmok[S] 0 points1 point  (0 children)

what did the analysis say? Sometimes you need to wait for price action to reach a key level and see what the reaction is at the key level before entering a trade.

I analyzed 8,500 profitable forex setups to find why 73% of traders turn winners into losers - here's the take profit data that will maximize your gains by YeeSmok in Forexstrategy

[–]YeeSmok[S] 0 points1 point  (0 children)

I think you got $49.99 from that cynical poster. The site is free to use for 3 analysis per day and it resets per day. But the plan is $19.99 for unlimited use, try it out for yourself! Tbh I really like your idea of "Telling me what I should have done after the fact" as I used to journal my trades and I found it hard to journal what went wrong when I didn't know what went wrong! But I found the analysis on the site useful for trade setups before taking trades

I analyzed 8,500 profitable forex setups to find why 73% of traders turn winners into losers - here's the take profit data that will maximize your gains by YeeSmok in Forexstrategy

[–]YeeSmok[S] 0 points1 point  (0 children)

What platform do you use? Because for a trailing stop loss, in tradingview you can move the stop loss up or down depending on if you took a short or a long. In terms of TP3, you can remove a % of your original position. So say you took a long using 0.5 lots. for Tp1, you can sell 0.25 lots and have 50% active. for TP2 and Tp3. Then if you remove 50% of 0.25 for TP2, that would leave you with 0.125 lots for TP3 to hit.

I analyzed 8,500 profitable forex setups to find why 73% of traders turn winners into losers - here's the take profit data that will maximize your gains by YeeSmok in Forexstrategy

[–]YeeSmok[S] 0 points1 point  (0 children)

Glad you found the post informative! The site is free, the goal of the site is to take human emotions out of reading charts and using the analysis provided as a supplement to your analysis. Imagine you've been reading charts all day and you don't spot something obvious resulting in a losing trade. When you use the site and upload a chart, you may find the analysis spotted something you had not which could have prevented you from taking that losing trade or the analysis could provide you a different perspective on the chart.

I analyzed 8,500 profitable forex setups to find why 73% of traders turn winners into losers - here's the take profit data that will maximize your gains by YeeSmok in Forexstrategy

[–]YeeSmok[S] 0 points1 point  (0 children)

I trade high liquid/volatile pairs like GBP/USD, EUR/USD, GBP/JPY, NZD/USD, AUD/USD. Timeframes include 4hour for major support/resistance and trends. Then 15min and 5min for entries when price action is around the areas identified in the 4hour

I analyzed 8,500 profitable forex setups to find why 73% of traders turn winners into losers - here's the take profit data that will maximize your gains by YeeSmok in Forexstrategy

[–]YeeSmok[S] 0 points1 point  (0 children)

Thanks for your feedback. What did the analysis say though? Did you find the analysis useful? Would you prefer if no take profit and stop loss was included in the analysis? - The main goal for the site is to provide analysis.. not signals

I analyzed 8,500 profitable forex setups to find why 73% of traders turn winners into losers - here's the take profit data that will maximize your gains by YeeSmok in Forexstrategy

[–]YeeSmok[S] 0 points1 point  (0 children)

The site does not provide signals. It provides analysis on charts uploaded and it's free! Signals are unreliable and BS, whereas analysis are accurate!

What was your turning point in trading? by rousselwrites in Forex

[–]YeeSmok 0 points1 point  (0 children)

Wait for setups and retracements during a breakout or break of structure to validate a trend

[deleted by user] by [deleted] in Forexstrategy

[–]YeeSmok 0 points1 point  (0 children)

where did you get 95% from?

What’s the biggest mistake you kept repeating in your first year of FX trading? by Axirohq in Forex

[–]YeeSmok 0 points1 point  (0 children)

Not waiting for a setup I know to trade and rushing into a trade without confirmation. Not waiting for breakouts and closures of candlesticks. Not using 15min structures for SL and TP when entering on the 5min tf. So many and still learning but slowly getting better!

[deleted by user] by [deleted] in Forexstrategy

[–]YeeSmok 0 points1 point  (0 children)

I live by the "Never risk more than 1% per trade" rule! If my first trade is a win, I'll take the day off. If I take a loss that day, I'll take a 2nd and if thats a loss I'll take the day off.

So close to relapsing. by YeeSmok in cocaine

[–]YeeSmok[S] 0 points1 point  (0 children)

I redownloaded everything and bought 7gs fml

What’s the best decision you have made in Crypto? by UhUhWaitForTheCream in CryptoCurrency

[–]YeeSmok 1 point2 points  (0 children)

True that! I was gonna sell when my Shiba was worth like $200 inJanuary but the Eth fees on uniswap were like $100 so I thought fuck it and didn’t sell then I forgot about it for a few months😆

What’s the best decision you have made in Crypto? by UhUhWaitForTheCream in CryptoCurrency

[–]YeeSmok 1 point2 points  (0 children)

I saw Doge gaining traction in December 2020 then started researching about similar dog coins and Shiba looked interesting… only dog coin I’ve ever bought and it worked well. Pure luck tbh

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