CrypNuevo πŸ”¨

CrypNuevo πŸ”¨



How to avoid getting your positions underwater and becoming the MM's liquidity πŸ‘‡

πŸ”ΈDon’t trade at the weekend: Exchanges are closed so we don’t have trading sessions (no liquidity) MM knows retail traders have more time to trade during the weekend so they set many traps. Also, most weekend moves get retraced the next week filling the CME gap

πŸ”ΈDon’t trust Asia pumps: This is something I mentioned several times after Asia pumps. Time has proved me right. Most Asia pumps get fully retraced in the next sessions. You can learn more about the trading sessions in the pinned tweet.

πŸ”ΈDon’t trade days with news announcements unless you have a strategy: News announcement days such as FOMC and CPI reports are very volatile and you can see long and short positions being hunted.

You can trade after developing a strategy & risk management. For example, I believed that this week’s CPI was priced in so I set a low long order because I knew that it was going to get trigger due to the high volatility. The order was triggered and I saw a pump straight after.

πŸ”ΈKeep an eye on wicks: Long wicks act as liquidity pools and they behave as magnetic zones. Price will visit that liquidity zone again. Also note that several wicks but price not progressing any further means that MM is building his positions. Then we can expect a reversal.

πŸ”ΈBart Simpson pattern: A typical pattern that we see almost every week that plays with traders' emotions. Long and shorts liquidation points get hit during this move so it's one of the MM's favorite patterns. Learn, identify, trade. In that order.

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