PowerX Strategy "PowerZ"

[IgazI]

Took it long enough to get there. . .

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[BambinoFlex]

This is what it is like to teach someone how to trade

Yes and it's just as frustrating for the students too as well sometimes as we think we have it and then we don't or we don't get it at all..No fault of the instructor.
Some of us give up after a while and some of us keep at it, banging head against the wall until some sense is knocked in or it hurts too much.

Can you define what "it" is? maybe that's the problem.

There is nothing to "get", there is only the consistent application of ideas.

If you want to jump 20 years into the future then my advice is this:

LESS THINKING, MORE DOING.
Screenshot_20230220_123559.png

“It” is really your four questions

-What is In
-What is out
-What is Up
-What is Down

- - -

Depending on the level of understanding, some can answer 1-2 of those question, others none, and others all of them.

Even those that can answer all of the questions will have further questions that deal with money management/pyramiding or psychological roadblocks.

[BambinoFlex]

Since the last bar was in inside bar, I'm just going to shift the lines forward to what you see here.

IB_RLS.pngla_pig.png

Inside bars are bound to happen! The good news is that what are the odds an inside bar is followed by another inside bar or even a third?

Plus, that creates that triangle breakout which I’m sure brings in those type of pattern traders? Just a thought

[IgazI]

I don't like to talk about the things you "could do", because you could do anything;
instead, I just want people to focus on thinking their way through a trade.

At the daily level, you have: daily up, daily down, sideways, a) channel, b) trend, and consistently drawn lines.

At the lower level, you have: up as price above ranges, down as price below ranges, and 'in' as that which is not an 'out of something'.

What is the "right way" to draw something? consistently!

When you drop a line on the chart, you are saying that you believe price should be at a certain level or better if it indeed matches your expectations; that's all there is to it, there is no monkey magic.

What's going to happen next is anyone's guess. . .
I know what the daily is doing, I have certain expectations, but I'm not in control of this ship

If you plan to take the daily/weekly/monthly chart long to the moon then work every day towards that goal. . .
whatever your plan is, "just do it".

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[prochargedmopar]

I don't like to talk about the things you "could do", because you could do anything;
instead, I just want people to focus on thinking their way through a trade.

At the daily level, you have: daily up, daily down, sideways, a) channel, b) trend, and consistently drawn lines.

At the lower level, you have: up as price above ranges, down as price below ranges, and 'in' as that which is not an 'out of something'.

What is the "right way" to draw something? consistently!

When you drop a line on the chart, you are saying that you believe price should be at a certain level or better if it indeed matches your expectations; that's all there is to it, there is no monkey magic.

What's going to happen next is anyone's guess. . .
I know what the daily is doing, I have certain expectations, but I'm not in control of this ship

If you plan to take the daily/weekly/monthly chart long to the moon then work every day towards that goal. . .
whatever your plan is, "just do it".

oo_ee_can_do.png

I think you might be right.

There are two decisions to make.
First, will the next close of a directional timeframe be up/down.
Second, Do we want to enter while price is in/out.

That's it.

Without the monkey business there is no reason to be in here.
I think I'll keep monkeying around.
30+ years left on this rock (hopefully) Let's Go!!

[BambinoFlex]

I don't like to talk about the things you "could do", because you could do anything;
instead, I just want people to focus on thinking their way through a trade.

At the daily level, you have: daily up, daily down, sideways, a) channel, b) trend, and consistently drawn lines.

At the lower level, you have: up as price above ranges, down as price below ranges, and 'in' as that which is not an 'out of something'.

What is the "right way" to draw something? consistently!

When you drop a line on the chart, you are saying that you believe price should be at a certain level or better if it indeed matches your expectations; that's all there is to it, there is no monkey magic.

What's going to happen next is anyone's guess. . .
I know what the daily is doing, I have certain expectations, but I'm not in control of this ship

If you plan to take the daily/weekly/monthly chart long to the moon then work every day towards that goal. . .
whatever your plan is, "just do it".

oo_ee_can_do.png

Can’t tell if you’re a fan of Rick and Morty lol

What’s gonna happen next, that’s where I think many struggle.

I’m far from an 80% win rate, I’m sitting pretty at around 40%. But with stacking, it drives up the wins tremendously.

As time passes I’ll be closer to 80% but maybe I don’t need to be that high

[IgazI]

Honestly, I'd sell my Ethereum before I'd sell Jasmy. . .

I side with the people who say that ETH is better than Bitcoin, as it has superior utility and staking rewards.

Simulated scarcity is just a ponzi; a lot of rich people are going to get rich, I'm sure. The other half of Bitcoin, "the perfect ledger", we have that with ETH.

I think that once the transaction costs of dealing with ETH are significantly reduced then it will be "over" for Bitcoin.

My thoughts tend to hurt a lot of feelings, I'm sorry =)

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[IgazI]

Can’t tell if you’re a fan of Rick and Morty lol

What’s gonna happen next, that’s where I think many struggle.

I’m far from an 80% win rate, I’m sitting pretty at around 40%. But with stacking, it drives up the wins tremendously.

As time passes I’ll be closer to 80% but maybe I don’t need to be that high

Is it that obvious?

What's going to happen next? I'd bet that which is will continue, until that 'which is' is something different

I know what I am going to do if I'm right; I'm going to stack and make that 'moon money'.

The only question that I need to answer is what I am going to do if I am wrong; don't buy things for more than you can sell them

[IgazI]

No matter how many times they ask me how to read charts. . .

UP

DN

IN

OT

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[IgazI]

Still parked.

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