I constantly get requests for an analysis on NEO. Whilst I like NEO as a crypto i don't like analysing it as it doesn't have enough daily data yet. However, I do see a SHort setting up. Confirmation will be the breaking of the Support Line R:R 2.82:1 Sean Vengan 10+ Years Professional Trader and Trading Educator REALITIES IN TRADING: In trading, there are...
Ripple was too strong to pull back into our Buy Zone that is a good sign for longs as the buyers are strong and sellers are very weak. So here's an actual trade i'm giving you which can particiate in and hopefully will return us a R:R 2.87 Sean Vengan Professional Trader and Trading Educator DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY 1. If...
We have hit target on our R:R 2.74:1 trade. Well done to all who took this trade! New traders are under the infantile impression that one trade breaks the bank and have never heard the term STOP LOSS. They have a GREAT DEAL TO LEARN and unlikely to make any monies in trading and be the 90% losing traders they are. This R:R 2.74:1 trade eats up a 1...
Time to put our Bear Hat on...we appear to be setting up for an Inverse Head And Shoulders pattern. I will talk more about this in a later post the significance of this. For now, our Game Plan is to see if this trade plays out to test if what I am seeing in the Future is correct. You can enter now if you don't mind a litle bit more risk (+/-$50) but ideally when...
As with the Ripple trade, posted a few days ago, we were hoping for a pullback on Eteherum to reduce our risk and increase our reward. That didn't happen, so we were unable to add a 2nd Long position. As the Market is telling us that the buyers are continuing to increase their strength and the sellers are very weak I am adding a 2nd long position as the Market...
By the skin of our teeth, we didn't get stopped out on our current Ethereum Long trade The current pullback presents us with an opportunity to add more on this trade as it jostles within the boundary of the Flag You can buy now (as an investor) but an ideal entry (speculator) would be in the pink zone. I remain bullish on Ethereum in the Medium to Long...
The money flow INTO Bitcoin and OUT of Altcoins has created a nice pullback to buy quality cryptos for the OPPORTUNISTIC trader. Wait for price to retrace and start accumulating anywhere in Yellow BUY ZONE area. However, be PATIENT we are looking to get the best price. Sean Vengan Professional Trader and Trading Educator DISCLAIMERS TO VIEWERS OF MY POSTS -...
Pullback so let's take the opportunity to add some more to our Long position. Sean Vengan Professional Trader and Trading Educator DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY 1. If you don't agree with my views or analysis and looking to just be mischievous, it's very simple, FOLLOW SOMEONE ELSE 2. I am not here to give you financial advice and...
More important than entering a trade is MANAGING A TRADE and EXITING A TRADE. We are currently achieving just over R:R 6:1 - meaning for every $1 we risked we are getting $6 back. A great ROI. I appreciate some of you struggle with understanding Risk Reward but it isessential that you take the time to LEARN. What you don't want after doing great analysis and...
My Bitcoin call for a Target 1 at $4539 has been hit in just 1 day, as posted in ADVANCE, not in hindsight: Now heading for Target 2 4646 Sean Vengan Professional Trader and Trading Educator DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY 1. If you don't agree with my views or analysis and looking to just be mischievous, it's very simple, FOLLOW...
Here was the original Ripple live trade I posted IN ADVANCE on 2Oct17, not in hindsight: www.tradingview.com We now have hit BOTH targets, T1 and T2 in approx time 4 days (sorry I put 6 days on the chart, it was quicker). Before someone asks "so what's next?" Please learn to enjoy your wins it's not all stress. Professional Advice: Here's what I do: I take off...
Ripple has hit Target 1, now in profit. Next step, Target 2 For those, wishing to know whether you get in now you always need to evaluate for yourself your Risk to Reward. Sean Vengan Professional Trader and Trading Educator DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY 1. If you don't agree with my views or analysis and looking to just be...
I was asked for my current view on Ripple (XRPUSD). Our previous trade on Ripple was a successful one: So if you're looking for a more adventurous medium term trade with a higher payout here's one for a longer term play. Entry .20361 Stop Loss .19146 Target1 .23241 Target 2 .26373 Sean Vengan Professional Trader and Trading Educator DISCLAIMERS TO VIEWERS...
If it can break out of this consolidation pattern we could see some significant upside. On a lower time frame its showing positive signs. It's a good coin to try trading cryptos as its inexpensive. Risk Reward over 3.5:1 Sean Vengan Professional Trader and Trading Educator DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY 1. If you don't agree with...
It no secret, I have a love affair with Litecoin so any opportunity to buy and I am in the front of the queue Sean Vengan Professional Trader and Trading Educator DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY 1. If you don't agree with my views or analysis then it's very simple, FOLLOW SOMEONE ELSE 2. I am not here to give you financial advice...
We are jostling for power between a tight range of $4,000 and $4,250 ($250 range), with Bitcoin unable to break higher but resisting going lower. Even on the smaller time frames (this is a 1hr chart), a trained eye can recognise patterns. Inverted H&S is often a bearish signal but in my experience of trading Bitcoin, it has proven to be the opposite (as I have...
We got stopped out on our 1st Long trade on Dash, with a controlled loss. We will try again R:R approx 3:1 As always we keep our losses small and we play the probabilities by selecting Higher Risk to Reward trades to cover our losses so as to end up NET POSITIVE to grow our account. Sean Vengan Professional Trader and Trading Educator DISCLAIMERS TO VIEWERS...
So from what I understand speaking to traders is that many of you prefer trading on lower timeframe charts (1hr, 30mins, 15mins, 3min). As you know I'm a Big Picture guy who trades the Big moves (Daily Charts upwards) but when I want precision I go down lower. I'm showing you guys how I MICROMANAGE my trades to get PRECISION in my trades. Here we are looking at...