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Re: A New Trading Game (chaos game) Played for Money and Played in Risk- Free Space

ImpLaNT, Mon Mar 20, 2023 8:36 pm

BTCUSD 20.03
No entry today so far. At the opening of the day, I assumed a further upward movement, but the price behavior did not give an opportunity to enter the market.

During the downward pullback earlier in the day, Orbit signaled that a downward reversal was possible due to the very deep pullback.


It is assumed: either a sideway movement (range), or the formation of a downward reversal. In any case, for now, I stand aside.

P.S... I use only one BTCUSD instrument in my current trading (very high ADR value). And I suggest everyone to do the same, that is, to trade only ONE instrument. It can be any instrument of your choice, but I advise you to choose an instrument that has a high ADR value and pronounced trend movements. I don't advise you to choose major pairs for work, and even more so major crosses such as EURGBP or EURCHF. American indices, Gold, Oil, JPY crosses, GBP crosses can work well.
This approach allows you to immerse yourself in the atmosphere of the Orbit throughout the day, day by day, seeing what changes occur on the tool’s screenface depending on the price action. Don't jump between instruments, it will only get in your way.
So that we are on the same wave, those who are interested in mastering the instrument suggest switching to BTCUSD for the time being, because all the examples will be based on this pair.
Don't switch TF below M30 - this is not necessary. M30 is an ideal TF in terms of Orbit semaphores.
In addition, Orbit does not know the concept of a timeframe and will always display the same thing on the screen. You can experiment - switch TF to M5, then to D1 and you will see that nothing changes. Because price and it's direction exist outside of timeframes. Timeframes were invented by traders for their MA, RSI and other indicators. There is none of that here. It's a different universe...
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