BC TRADING
Saved by @jay_millerjay

If you tell me the 15-minute chart shows a bearish divergence, I'll probably tell you I don't give a shit. This thread will teach you why.

Understanding timeframes is crucial in trading and technical analysis.

I'll teach you what they are, how they work and their use.

 Usual disclaimer, this thread is simply my personal understanding of timeframes and their use, not a globally agreed-upon thing.

This information does not constitute financial advice. You know the drill. Let's get into it.
Some abbreviations

LTF = Lower timeframe
HTF = Higher timeframe
S/R = Support & Resistance
PA = Price Action
Timeframes refer to how much time a single candlestick represents on a chart. There are timeframes all the way from a single second to multiple years.
The 1-hour timeframe consists of 4 15-minute candles, or 60 1-minute candles.

This is why if you're trading the 4h chart, you don't care much about a 1-minute bearish divergence. The movements on much lower timeframes take place much faster than on higher timeframes.
This means the bearish divergence on the 1 minute might play out, reverse and completely be dalai-lamad before the 4h candle even closes.
This is also why I personally prefer to wait for candle closes to trade. LTF PA above a HTF level is just a fakeout if the HTF candle closes below the level.

Closes constitute confirmation.
This means that a weekly level can see price violate the level quite uncomfortably deep during the week, as long as it closes above.

This is why many traders get shaken out at HTF levels, as happened in September 2020.
Conclusion: if you trade high timeframes, you better bring your steel hands and diamond balls.
So, which timeframe is more important? This naturally depends on your trading style, but in any case, the higher timeframes are considered to be the stronger ones.
In other words, HTF S/R levels are generally respected across all timeframes, whereas a LTF level will likely be completely ignored on the higher timeframes.

Regardless of your style, I recommend mapping out the HTF levels. Start with monthly, then weekly and daily levels.
These will be the most important levels that many will have marked out. There will be low-timeframe volatility around the HTF levels, which often allows for great scalps.
I also recommend monitoring lower-timeframe PA around your level to get an idea of what the close will be like. For example, if the 1h chart looks like a dog's dinner a few hours before daily close, it will probably affect the daily candle.
You have to find which timeframe works for you. If you are generally impatient, lower timeframes will work better for you. If you're patient and risk-averse, trade the higher timeframes.

Or, if you're truly a chad, trade HTF and also scalp around the levels.
Most important of all, do NOT let ugly looking lower timeframes shake you out of high timeframe positions. This happens all the time, don't be that guy.
Long story short:

- Map out HTF levels
- Watch LTF PA around HTF levels
- Find a timeframe that works for you.
- Don't let lower timeframes affect your high timeframe thesis.
I hope this helps. If you have any questions, do not hesitate to ask.

If you need an exchange, join me on FTX. I got you a 5% discount on fees :)

https://t.co/Sll9nkNsRd

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Peter McCormack \U0001f451
Peter McCormack 👑...
@PeterMcCormack
1/ Feels like a good time to tell the story of how I went from broke to a millionaire to broke again in 2017/18 again...

Yesterday was brutal for some people...

Losing life-changing money sucks, losing any money sucks...you can chase the market or you can change your strategy.

2/ The original thread is gone but you can read it here.

https://t.co/cLLNs75rB0

tl;dr
- Traded $32k to $1.2m
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2 weeks from losing my house + no income. Oops.

3/ I am going to assume you are in it for the money rather than the tech. Yeah, you might Tweet about the amazing blockchaining of cross-border payments and oracles yadda yadda...really, you are in it to make money.

If you are really in it for the tech, go and build something.

4/ Okay, so if you want to make money, trading is super hard, you are trading against:
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And if you are trading with leverage you might blow up your account with the volatility.

5/ If you are not trading, you are investing. Okay, so what are you investing in?

I made the decision that the crypto with the best opportunity of existing in 10 years is #Bitcoin:
- Solves a genuine problem
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So what will be the aftermath of this GME event?

These are simply my guesses, I don't actually know.

Wallstreet will likely push for licenses being necessary to trade, or put more limits on how many trades you can make, or some other way to screw the average person trading. 1/

FYI, you can only make 4 trades in a day, but if you have more than $25,000 in your account you can make as many as you want.

The system is rigged against the poor, and weighted heavily in favour of the rich. 2/

Will the government shut down the market?

It's possible, but I doubt it.
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If the government gives in to Wallstreet, they lose all credibility, because this story is basically David vs Goliath, where the Reddit guys are the good guys, and the hedgefunds are the bad guys.

4/

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@KirtanShahCFP
Learn about the STEEL SECTOR in this thread

The demand for steel is generally only 1.2 times the GDP & there is no significant growth in our GDP but still the sector has rallied relentlessly, lets try & understand

Do ‘re-tweet’ & help us educate more investors (1/22)
#Investing

The metal sector is broadly divided into 2,
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-Non-Ferrous is a metal, which does not have Iron content, Aluminum, copper, lead, nickel, Zinc etc.
This thread focuses on Ferrous & hence Steel (2/22)

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-Blast Furnace
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@Trading0secrets
My swing cash strategy ☢️
(In simple language)

1⃣ #stock selection process - always choose that stock which are consolidating near all time high

(Because whenever stock will give all time high breakout then it will easily give 20/30% return in 1/2 months

2⃣Volume analysis - In that consolidating period volume should be high of up move days then down move days. And last 3/4 month volume of accumulation is must higher then previous days.

3️⃣ fund diversification - always deploy your capital in 3/4 stocks, not more then that or not less then 3.

And, your 3/4 stocks must be from different strong sectors.

4⃣comunding magic - If you hold 10 stocks then if 2 stocks will give 100% return then portfolio impact is 20% only. (here time period is 8/15 months)

If you hold 3 stocks out of them 2 will give 40% then ur portfolio impact is 25%
(Here time period is 1/3 months)

5⃣sectors analysis - always choose that sector stocks which are near support or breakout stage.

If any stocks is out of nifty sector then u can open stock scanner website and check their peer charts.If out of 5 ,3 are strong then u can select that
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The Chartians
The Chartians
@chartians
A 17 point summary on my 2000+ days as a trader:

Wont take more than 10 minutes ! 🧵

1. Market cycles
Market Always moves in a cyclical way, supply and demand is basic principle for any cycle that involves money. Crack it you’ll be way ahead of the curve.

2. History rhymes
Always remember that history wont repeat but will surely rhyme - go and see all major falls and all major rises. Core principles are same, triggers are variable.

3. Time > Timing
Many people say that timing the mkt is very essential but according to me the more time you spend the more you get to know about mkt that jo course will teach you.

4. Survival
If you manage to survive for the next 3650 days in the market - trust me for the fact that you will definitely be a part of one commodity one bull and bear mkt. Its more valuable than any 1L INR course.
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Corey Haines \U0001f4a1
Corey Haines 💡...
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I think I'm giving up on mainstream marketing content.

I'm giving up on social media consumption too.

So little substance.

Need to devote more time doing. More time creating.

Who needs another "5 ways to boost growth" post? I click and am disappointed every time. Not again.

I don't want to poop on content marketing, but marketers need to step it up.

Or at least, founders need to know that doing something is not always better than doing nothing.

Why is content marketing not as effective as it used to be? An innumerable amount of factors...

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Things have to change.

Two of the chief sins:
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Why blog/podcast/vlog/etc about something that's already been said? Already been done?

Do we really need another interview with founder of x hot startup? Do we really need another ultimate guide about facebook ads?

Not all content is like this...

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Andhakasuravadha Samharamurti -#story #Thread
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Once Parvathi & Shiva were relaxing in the pleasant gardens of Mount Mandhara.


Bhagwan Shiva sat down there to enjoy the happiness.Parvati closed the eyes of Shiva playfully & darkness covered the whole universe.Parvati was perplexed & her palms were wet with perspiration.A few drops of her sweat mixed with sweat from Shiva’s body& fell to the ground.

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@VIBHU_Tweet
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एक दिन देवर्षि नारद वहां से गुजर रहे थे ।नारद ने पीपल के कोटर में बालक को देख कर उसका परिचय मांगा -
नारद बोले - बालक तुम कौन हो?
बालक - यही तो मैं भी जानना चहता हूँ ।
नारद - तुम्हारे जनक कौन हैं?
बालक - यही तो मैं भी जानना चाहता हूँ ।

तब नारद ने आँखें बन्द कर ध्यान लगाया ।


तत्पश्चात आश्चर्यचकित हो कर बालक को बताया कि 'हे बालक! तुम महान दानी महर्षि दधीचि के पुत्र हो । तुम्हारे पिता की अस्थियों का वज्रास्त्र बनाकर ही देवताओं ने असुरों पर विजय पायी थी।तुम्हारे पिता की मृत्यु मात्र 31 वर्ष की वय में ही हो गयी थी'।

बालक - मेरे पिता की अकाल मृत्यु का क्या कारण था?
नारद - तुम्हारे पिता पर शनिदेव की महादशा थी।
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नारद - शनिदेव की महादशा।
इतना बताकर देवर्षि नारद ने पीपल के पत्तों और गोदों को खाकर बड़े हुए उस बालक का नाम पिप्पलाद रखा और उसे दीक्षित किया।
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