Recent content by Painskin

You're absolutely right! That's exactly what I was writing about!

I was thinking of using position locking as a sort of emergency tool. That is, it is probably not right to build trading strategy based only on locking positions. I am trying to imagine how locking can be used, for example, when converting positions to a no-loss zone. I read that some traders...

oh yeah, brother, gold is fluctuating intraday so much that it's tough to scalp it without using classical risk management tools liek sl and tp, so I fully agree with your words. nowadays the situation gets even worse, I mean from the point of volatility, according to my observations, it's...

I believe all traders have ever faced a fake breakout situation. It's an ordinary thing when you miss something in the analysis. I have managed to diminish the number of such mistakes but a more careful analysis, actually. It sounds very banal, but it's really like that. You analyze volumes...

I know what you mean. Yes, in general, this strategy does not sound bad. As an example, you can buy some coins that you think are capable of growth. And if the price drops, you can buy more. thus averaging your investment portfolio. But it seems to me that buying crypto without leverage will...

Quite rarely to be fair. Most of the time my limit orders don’t trigger and I must open orders manually. But on the other hand I realize that they can be very beneficial, especially if you strive for the best s/l and t/p ratio.

Strangely enough I find some of the minors and crosses very profitable. Like the Usd/Dkk or Aud/Nzd and sometimes even Eur/Gbp. I believe that it’s also the matter of vision and personal skills. Some of my friends find Eur/Usd very difficult to analyze for some reason.

Yeah it can be done, and there are some experts who trade without stop loss but you have to possess an extraterrestrial reaction, you know. In any case, it's not advisable to trade without any stop losses, cause they help to comply with a wise risk management. Plus, another advantage of using...

As I told you before, until the $24000 price tag is not crossed, we can be confidently that crypto sphere is safe. But you’re right, it’s too early to be too ambitious about cryptos. So I try to turn my atention to something more stable, like forex pairs for example. Everything is steady there...

I think at this point in time the crypto industry will either be destroyed when Bitcoin crosses the $24,000 mark. Or it will have a second life when Bitcoin will go up to the $30,000+ price tag.

They should understand how to adapt it to every asset or market condition. Since every tradable instrument has its own peculiarities even within one asset class. And if you have full understanding of your strategy you can adjust it at any given time. It also has to bring sustainable profits to...

It's simple. Recently Gary Gensler (that's the head of SEC) was interviewed and he made some statements about cryptocurrencies. In short he doesn't like cryptocurrenceis and believes that everything related to crypto is a fraudulent industry. Of course he makes his decision not alone but...

Yeah, but it’s very strange to see. Especially when it comes to the ECB. I was really surprised when the ECB chairman said that they need to follow the current interest rate policy.

To apply Fibonacci properly you have to do it in conjunction with another strategy that will give you a synergy combining the two. The most obvious example is to use it with pivot points and support/resistance levels. If you see the two signals align with each other then it’s a more or less...

Eur/usd is really hard to read these days man. Plus the EU seems to be getting out of the inflation pit little by little. So… I can’t say anything specific