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Final Review 1: L39 Part 3 (Future Of Trading Course)
Feb 3, 2025
Lecture Notes on Trading Strategies
Key Concepts
Hold and Break Levels
Importance
: Critical for trading decisions; accuracy is crucial.
Function
: Determines the success or failure of a financial move.
Practice
: Recognizing these levels requires experience.
Example
: Analyzing a hold level can show a potential 20% profit in a few hours.
Combining Strategies
Pandora's Box & Origins
: Used alongside hold and break levels.
Backside Trends
: Help identify support and targets.
Strategy
: Success relies on combining these tools effectively.
Trends and Moving Averages
Understanding Trends
Test Trend
: Learn to recognize a trend test and its outcomes.
Break of Trend
: Identifying the point where a trend breaks.
Moving Averages
Definition
: Trends represented as averages of price over time.
Significance
: Important for recognizing market patterns.
Coin Analysis
Example Coins
Ripple
: Shown trends and breaks, similar to many coins.
AppCoin & GTO
: Examples of attempting to break trends.
Rejection vs. Retracement
Definitions
Retracement
: Pullback after hitting a level, indicative of continued strength.
Rejection
: Failure to reach a level, often leads to a significant pullback.
Practical Example
: Bitcoin had a move rejection, indicating trend failure.
Important Considerations
Practicing Recognition
Application
: Use historical data to visualize and practice identifying trends and levels.
Community and Resources
Support
: Engage with trading communities for learning and sharing knowledge.
Resources
: Access to Discord and Patreon for deeper insights and discussions.
Actionable Steps
Engagement
: Join forums, share insights, and support content creators.
Learning
: Leverage resources like Reddit and YouTube for continuous learning.
Additional Resources
Patreon
: Access to Discord and additional resources.
Donations
: Support through Bitcoin or Patreon subscriptions.
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Full transcript