15 Minute Forex Trading System PDF Version

Some trading wisdom, tools and information I picked up along the way that helped me be a better trader. Maybe it can help you too.

Its a bit lengthy and I tried to condense it as much as I can. So take everything at a high level as each subject is has a lot more depth but fundamentally if you distill it down its just taking simple things and applying your experience using them to add nuance and better deploy them.
There are exceptions to everything that you will learn with experience or have already learned. If you know something extra or something to add to it to implement it better or more accurately. Then great! However, my intention of this post is just a high level overview. Trading can be far too nuanced to go into in this post and would take forever to type up every exception (not to mention the traders individual personality). If you take the general information as a starting point, hopefully you will learn the edge cases long the way and learn how to use the more effectively if you end up using them. I apologize in advice for any errors or typos.
Introduction After reflecting on my fun (cough) trading journey that was more akin to rolling around on broken glass and wondering if brown glass will help me predict market direction better than green glass. Buying a $100 indicator at 2 am when I was acting a fool, looking at it and going at and going "This is a piece of lagging crap, I miss out on a large part of the fundamental move and never using it for even one trade". All while struggling with massive over trading and bad habits because I would get bored watching a single well placed trade on fold for the day. Also, I wanted to get rich quick.
On top all of that I had a terminal Stage 4 case of FOMO on every time the price would move up and then down then back up. Just think about all those extra pips I could have trading both directions as it moves across the chart! I can just sell right when it goes down, then buy right before it goes up again. Its so easy right? Well, turns out it was not as easy as I thought and I lost a fair chunk of change and hit my head against the wall a lot until it clicked. Which is how I came up with a mixed bag of things that I now call "Trade the Trade" which helped support how I wanted to trade so I can still trade intra day price action like a rabid money without throwing away all my bananas.
Why Make This Post? - Core Topic of Discussion I wish to share a concept I came up with that helped me become a reliable trader. Support the weakness of how I like to trade. Also, explaining what I do helps reinforce my understanding of the information I share as I have to put words to it and not just use internalized processes. I came up with a method that helped me get my head straight when trading intra day.
I call it "Trade the Trade" as I am making mini trades inside of a trade setup I make from analysis on a higher timeframe that would take multiple days to unfold or longer. I will share information, principles, techniques I used and learned from others I talked to on the internet (mixed bag of folks from armatures to professionals, and random internet people) that helped me form a trading style that worked for me. Even people who are not good at trading can say something that might make it click in your head so I would absorbed all the information I could get.I will share the details of how I approach the methodology and the tools in my trading belt that I picked up by filtering through many tools, indicators strategies and witchcraft. Hopefully you read something that ends up helping you be a better trader. I learned a lot from people who make community posts so I wanted to give back now that I got my ducks in a row.
General Trading Advice If your struggling finding your own trading style, fixing weakness's in it, getting started, being reliably profitable or have no framework to build yourself higher with, hopefully you can use the below advice to help provide some direction or clarity to moving forward to be a better trader.
  1. KEEP IT SIMPLE. Do not throw a million things on your chart from the get go or over analyzing what the market is doing while trying to learn the basics. Tons of stuff on your chart can actually slow your learning by distracting your focus on all your bells and whistles and not the price action.
  2. PRICE ACTION. Learn how to read price action. Not just the common formations, but larger groups of bars that form the market structure. Those formations carry more weight the higher the time frame they form on. If struggle to understand what is going on or what your looking at, move to a higher time frame.
  3. INDICATORS. If you do use them you should try to understand how every indicator you use calculates its values. Many indicators are lagging indicators, understanding how it calculates the values can help you learn how to identify the market structure before the indicator would trigger a signal . This will help you understand why the signal is a lagged signal. If you understand that you can easily learn to look at the price action right before the signal and learn to watch for that price action on top of it almost trigging a signal so you can get in at a better position and assume less downside risk. I recommend using no more than 1-2 indicators for simplicity, but your free to use as many as you think you think you need or works for your strategy/trading style.
  4. PSYCOLOGY. First, FOMO is real, don't feed the beast. When you trade you should always have an entry and exit. If you miss your entry do not chase it, wait for a new entry. At its core trading is gambling and your looking for an edge against the house (the other market participants). With that in mind, treat as such. Do not risk more than you can afford to lose. If you are afraid to lose it will negatively effect your trade decisions. Finally, be honest with your self and bad trading happens. No one is going to play trade cop and keep you in line, that's your job.
  5. TRADE DECISION MARKING: Before you enter any trade you should have an entry and exit area. As you learn price action you will get better entries and better exits. Use a larger zone and stop loss at the start while learning. Then you can tighten it up as you gain experience. If you do not have a area you wish to exit, or you are entering because "the markets looking like its gonna go up". Do not enter the trade. Have a reason for everything you do, if you cannot logically explain why then you probably should not be doing it.
  6. ROBOTS/ALGOS: Loved by some, hated by many who lost it all to one, and surrounded by scams on the internet. If you make your own, find a legit one that works and paid for it or lost it all on a crappy one, more power to ya. I do not use robots because I do not like having a robot in control of my money. There is too many edge cases for me to be ok with it.However, the best piece of advice about algos was that the guy had a algo/robot for each market condition (trending/ranging) and would make personalized versions of each for currency pairs as each one has its own personality and can make the same type of movement along side another currency pair but the price action can look way different or the move can be lagged or leading. So whenever he does his own analysis and he sees a trend, he turns the trend trading robot on. If the trend stops, and it starts to range he turns the range trading robot on. He uses robots to trade the market types that he is bad at trading. For example, I suck at trend trading because I just suck at sitting on my hands and letting my trade do its thing.

Trade the Trade - The Methodology

Base Principles These are the base principles I use behind "Trade the Trade". Its called that because you are technically trading inside your larger high time frame trade as it hopefully goes as you have analyzed with the trade setup. It allows you to scratch that intraday trading itch, while not being blind to the bigger market at play. It can help make sense of why the price respects, rejects or flat out ignores support/resistance/pivots.
  1. Trade Setup: Find a trade setup using high level time frames (daily, 4hr, or 1hr time frames). The trade setup will be used as a base for starting to figure out a bias for the markets direction for that day.
  2. Indicator Data: Check any indicators you use (I use Stochastic RSI and Relative Vigor Index) for any useful information on higher timeframes.
  3. Support Resistance: See if any support/resistance/pivot points are in currently being tested/resisted by the price. Also check for any that are within reach so they might become in play through out the day throughout the day (which can influence your bias at least until the price reaches it if it was already moving that direction from previous days/weeks price action).
  4. Currency Strength/Weakness: I use the TradeVision currency strength/weakness dashboard to see if the strength/weakness supports the narrative of my trade and as an early indicator when to keep a closer eye for signs of the price reversing.Without the tool, the same concept can be someone accomplished with fundamentals and checking for higher level trends and checking cross currency pairs for trends as well to indicate strength/weakness, ranging (and where it is in that range) or try to get some general bias from a higher level chart that may help you out. However, it wont help you intra day unless your monitoring the currency's index or a bunch of charts related to the currency.
  5. Watch For Trading Opportunities: Personally I make a mental short list and alerts on TradingView of currency pairs that are close to key levels and so I get a notification if it reaches there so I can check it out. I am not against trading both directions, I just try to trade my bias before the market tries to commit to a direction. Then if I get out of that trade I will scalp against the trend of the day and hold trades longer that are with it.Then when you see a opportunity assume the directional bias you made up earlier (unless the market solidly confirms with price action the direction while waiting for an entry) by trying to look for additional confirmation via indicators, price action on support/resistances etc on the low level time frame or higher level ones like hourly/4hr as the day goes on when the price reaches key areas or makes new market structures to get a good spot to enter a trade in the direction of your bias.Then enter your trade and use the market structures to determine how much of a stop you need. Once your in the trade just monitor it and watch the price action/indicators/tools you use to see if its at risk of going against you. If you really believe the market wont reach your TP and looks like its going to turn against you, then close the trade. Don't just hold on to it for principle and let it draw down on principle or the hope it does not hit your stop loss.
  6. Trade Duration Hold your trades as long or little as you want that fits your personality and trading style/trade analysis. Personally I do not hold trades past the end of the day (I do in some cases when a strong trend folds) and I do not hold trades over the weekends. My TP targets are always places I think it can reach within the day. Typically I try to be flat before I sleep and trade intra day price movements only. Just depends on the higher level outlook, I have to get in at really good prices for me to want to hold a trade and it has to be going strong. Then I will set a slightly aggressive stop on it before I leave. I do know several people that swing trade and hold trades for a long period of time. That is just not a trading style that works for me.
Enhance Your Success Rate Below is information I picked up over the years that helped me enhance my success rate with not only guessing intra day market bias (even if it has not broken into the trend for the day yet (aka pre London open when the end of Asia likes to act funny sometimes), but also with trading price action intra day.
People always say "When you enter a trade have an entry and exits. I am of the belief that most people do not have problem with the entry, its the exit. They either hold too long, or don't hold long enough. With the below tools, drawings, or instruments, hopefully you can increase your individual probability of a successful trade.
**P.S.*\* Your mileage will vary depending on your ability to correctly draw, implement and interpret the below items. They take time and practice to implement with a high degree of proficiency. If you have any questions about how to do that with anything listed, comment below and I will reply as I can. I don't want to answer the same question a million times in a pm.
Tools and Methods Used This is just a high level overview of what I use. Each one of the actions I could go way more in-depth on but I would be here for a week typing something up of I did that. So take the information as a base level understanding of how I use the method or tool. There is always nuance and edge cases that you learn from experience.
Conclusion
I use the above tools/indicators/resources/philosophy's to trade intra day price action that sometimes ends up as noise in the grand scheme of the markets movement.use that method until the price action for the day proves the bias assumption wrong. Also you can couple that with things like Stoch RSI + Relative Vigor Index to find divergences which can increase the probability of your targeted guesses.

Trade Example from Yesterday This is an example of a trade I took today and why I took it. I used the following core areas to make my trade decision.
It may seem like a lot of stuff to process on the fly while trying to figure out live price action but, for the fundamental bias for a pair should already baked in your mindset for any currency pair you trade. For the currency strength/weakness I stare at the dashboard 12-15 hours a day so I am always trying to keep a pulse on what's going or shifts so that's not really a factor when I want to enter as I would not look to enter if I felt the market was shifting against me. Then the higher timeframe analysis had already happened when I woke up, so it was a game of "Stare at the 5 min chart until the price does something interesting"
Trade Example: Today , I went long EUUSD long bias when I first looked at the chart after waking up around 9-10pm Eastern. Fortunately, the first large drop had already happened so I had a easy baseline price movement to work with. I then used tool for currency strength/weakness monitoring, Pivot Points, and bearish divergence detected using Stochastic RSI and Relative Vigor Index.
I first noticed Bearish Divergence on the 1hr time frame using the Stochastic RSI and got confirmation intra day on the 5 min time frame with the Relative Vigor Index. I ended up buying the second mini dip around midnight Eastern because it was already dancing along the pivot point that the price had been dancing along since the big drop below the pivot point and dipped below it and then shortly closed back above it. I put a stop loss below the first large dip. With a TP goal of the middle point pivot line
Then I waited for confirmation or invalidation of my trade. I ended up getting confirmation with Bearish Divergence from the second large dip so I tightened up my stop to below that smaller drip and waited for the London open. Not only was it not a lower low, I could see the divergence with the Relative Vigor Index.
It then ran into London and kept going with tons of momentum. Blew past my TP target so I let it run to see where the momentum stopped. Ended up TP'ing at the Pivot Point support/resistance above the middle pivot line.
Random Note: The Asian session has its own unique price action characteristics that happen regularly enough that you can easily trade them when they happen with high degrees of success. It takes time to learn them all and confidently trade them as its happening. If you trade Asia you should learn to recognize them as they can fake you out if you do not understand what's going on.

TL;DR At the end of the day there is no magic solution that just works. You have to find out what works for you and then what people say works for them. Test it out and see if it works for you or if you can adapt it to work for you. If it does not work or your just not interested then ignore it.
At the end of the day, you have to use your brain to make correct trading decisions. Blindly following indicators may work sometimes in certain market conditions, but trading with information you don't understand can burn you just as easily as help you. Its like playing with fire. So, get out there and grind it out. It will either click or it wont. Not everyone has the mindset or is capable of changing to be a successful trader. Trading is gambling, you do all this work to get a edge on the house. Trading without the edge or an edge you understand how to use will only leave your broker happy in the end.
submitted by marcusrider to Forex [link] [comments]

Strat for 50 - 100% a Year - More Details, First Trade and End of Week GBPUSD Plan

Strat for 50 - 100% a Year - More Details, First Trade and End of Week GBPUSD Plan
Part 1

If someone said to me, "Hey, I've got $10 million and want 15% a year . I don't want to be in the market more than 3 hours a week". I'd say, "I got this. Give me close of New York session on Friday to 2 hours before the market close. Easy gig."

You may be asking yourself, why the end of the market on a Friday? Is this not the worst time to be trading? I'll let you into a secret ... I am phenomenal at procrastinating. That's why!

It's is actually part of a larger theory. I think there are tendencies towards weeks that have had certain price action to complete certain patterns. The closer to the end of the week we get, the more checkpoints in these patterns price will have had to hit. If any of the important checkpoints fail, no trade. If they all match up, highly confluence confirmed trade - high expectancy of profitability or flat results.

I've explained some of the tendencies in post where someone was asking if we think day of the week is important.

https://preview.redd.it/qdprgzd9q7i31.png?width=719&format=png&auto=webp&s=dad959e27fa1ca80051dbe603208d58798a74d1f
In the correct market conditions weeks tend to close with small wicks on the close side. This tells us they close strong, and therefore the is undeniable logic in the idea that if price is not at the high/low on Friday morning, you could really close your eyes and make a profitable trade just betting the week closes strong and make money any week it does.

Of course not all weeks do close strong, but once we add the prerequisites of a trading day explained in part 1, it is far more likely we will have a week that ends strongly. We then further improve our chance of this being confirmed or filtered out as invalid by using short tern intra-day strategies that are used for trend following. What this gives us is a marry up of a macro plan and a micro plan, using meta strategies to execute into the business end of things. We have the luxury of information. With good preparation we can use that information to stack our statistical probabilities favourably.

Another concept worth being aware of is time of day (TOD). The markets will often have cycles in which they move. In the same way some weeks action can be seen to follow an almost template like sort of price action, so can the hours throughout the day.

When the market is to make a trending move, we often see this broken up into these sort of timezones.

1 - Low/high of the day is made in or around the hour of the London open.
2 - The reversal move from that will usually taper out in the hours around New York.
3 - Chicago open time will usually give a correction of the days move.
4 - In the last 4 to 5 hours of the week price will usually make new high/low in line of weeks prevailing direction.
5 - Usually some sort of spike happens 1 - 2 hours before the market closes. This is an exit signal if targets have not hit.


https://preview.redd.it/7cdk5lwvs7i31.png?width=569&format=png&auto=webp&s=6a1e4e0b4c6cbc700d9e27dc984b26bf15a0592f
These can be a couple hours or so out, but if they are drastically out I am less inclined to trade. It's not meeting my checklists.

An interesting quirk of the Forex markets i as I mentioned above London is often the high/low of the day in a trend. Why is this? I do not know. I'd speculate it's something to do with London being the largest session and for them to put on their positions in the morning they do a stop run (creating the H/L) and then reverse the market. The same theory could be applied to why New York corrects the London move, to spike out stops and get better liquidity on their entry.

In the right conditions, it happens quite a lot. This is what makes trade 2 in this sequence such a good trade. As well as it having multiple reasons to back it up and having it's own trend meta strategy to engage with, it's also working inside the framework of London often being the low on any given trending day, and Friday tending to end strong. What is the space in-between these called? Free money! Okay, that's a bit much. I'd say it qualifies as a "Place of interest", though.

This all looks great on paper, but can it practically be applied in the market? Yes. This is what I want to show you.

In part 1, I showed the GBPUSD chart I was looking at for my possible Friday trade.

Here is today's action. I've started by drawing a fib from the low of the big move up to the high. People will wonder why it's not from the very low ... and I am one of they people. I've done this a lot, and when you see this big impulsive leg like this (psst, people will usually alert you to when these happen in forum chatter, usually in the guise of unexpected news events) this is where to draw the fib from.


GBPUSD 5 MIN
I drop in pending orders, I risk 0.2 in two pending orders. I am willing to take more risk and add more positions if I see what I am looking for, but I want low risk on first touch pending orders I may not be here to see. In this case I wasn't. One of my orders filled, one missed. Had I been at my desk, I'd have executed other trades here based on the price action at the 61.8% (shown in part 1).
The green line shows my trade.
I exit by trailing stop close to the high of the swing. As explained in P1, I am looking for a failed high here (or tiny breakout) to exit and await a re-load. I now draw my fibs from the low to the high of this swing (if the high changes, I have to adjust my fibs. I set alerts to tell me if this happens, and I set alerts on my entry area to look for PA entries). Again I set pending orders with low risk, and intend to scale up if I like what I see.


https://preview.redd.it/94akb09tv7i31.png?width=810&format=png&auto=webp&s=c0d8be3e5fa32e6657cb45d9880620c3d684246c
It's possible I've missed this. There was a spike down from the approx area I'd expect that came up ever so short of the 61.8. With it only having one low this is not something I could have taken advantage of. I used to think of these as missed opportunities, but realistically the amount I can control my risk going for these trades makes it an overall negative edge (loses over 100's trades). A trader with a cooler mind tends to drive a cooler car. I do not chase these.

If I get my fill on these in the next hour or two, I will be looking for an impulse leg up into new highs, and if I see that I will also expect there to be some little climax (spike) to the move. My trading actions for this are explained in part 1.

Current Gain = 0.2%
Max risk exposure possible - 0.4%
Max real equity drawdown - < 0.1%
submitted by whatthefx to Forex [link] [comments]

Teach me please :)

Teach me please :)
Hey everyone,
My name is Allen and I am new to Forex trading. I've messed around with trading stocks a year ago, but never got good enough to profitability yet. Now, I want to learn how to trade Forex and hoping I can become profitable through consistency and persistence.
I recently opened a live account and have made 7 trades: 2 wins, 4 losses. I have been trading small and have followed my stop losses so my losses have been small. I am down net -$35 currently. Here are a few of my trades. If anyone has feedback or sees a pattern in my trading that I can improve on, please let me know. I mainly execute trades off when market taps a resistance/support level or EMA line.
Things that I think I need to improve on: 1) Identifying correct market trend
- Ex) sometimes I have trouble figuring out if market is pulling back on a downtrend or starting to create a higher low and reversing

2) Identifying proper entry signals
- I am still working on interpreting price action. I usually enter trades on 15min chart or 1 hour chart. I may need to stop using 15min chart because I get faked out easily from it. One thing I've been implementing and it has helped my patience is waiting for candles to close before assuming market trend. Such as waiting for 15min candle or 1hour candle to close before entering a trade.


Here are some examples of my trades:
1) NZD/USD (Loss) Entry: short 0.65313 Exit: 0.65394
Reason for entry: I thought the market was going to respect the green trend line. Stop loss was right above the trend line. I saw a wick on 15 min chart and a red engulfing candle following it.


1 hour chart

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2) USD/CHF (Loss) Entry: short 1.00876 Exit: 1.00942
Reason for entry: In the 1 hour chart, it broke it's uptrend structure by creating a lower low. It rejected off the .50 level of Fibonacci Retracement, which signaled me that it is possibly going to continue downtrending. Both, 4hour and 1 hour charts were under the 34EMA (orange trend line).
15 min chart


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3) EUNZD (Win) Entry: short 1.71027 Exit: 1.70674 | 1.70884
Reasons for entry: - Market went under key level (orange horizontal line) - Market was under 34EMA (yellow trend line) - Broke through support (white horizontal line)
15 min chart
Where could I have gotten a better entry on this trade? I was negative for a long time until it finally broke the support. What will signal me if the market will be rejected off a resistance level or break through a resistance level?


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4) NZD/USD (Win) Entry: 0.65426 Exit: 0.65335 | 0.65215 | 0.65188
Reasons for entry:
- downward market trend - market rejected off 34EMA trendline (yellow trend line) - big red engulfing candle
https://preview.redd.it/7u6fidd78h131.png?width=1560&format=png&auto=webp&s=701cf325906e056ec5b71544c5bc4895a0117c02
Lessons I learned from this trade: - Be more patient on my take profit. Took first profits out too quickly because it was dropping so quick and I was scared it would bounce back up
- Find better entry
- Similar to the previous trade, I was in the negative for a while before it worked out. Where would be a proper signal for a short? Long wick followed by a red engulfing candle at resistance level?


Sorry for the long post! Hope you learned something from my mistakes and I would greatly appreciate any feedback you guys can give me! I believe forex trading can become the gateway to financial freedom for me and I want to do my best to make it work. I also live in Orange County, CA and wouldn't mind meeting anyone who is in the area to discuss strategies and learn from each other!
Hope everyone has a great night!
submitted by allenaxie to Forex [link] [comments]

Shorting Noobs - Common Trend Following Mistakes I'm Trading Against.

Shorting Noobs - Common Trend Following Mistakes I'm Trading Against.
Part [1] [2] [3]

Not much in terms of adjustments to add from previous post. I'm going to implement all risk adjustments at the weekend. In the meantime I've used some manual hedging to prevent from over exposure.
In this post I'll talk more about the ideal trades I am looking for. The mistakes people make at these areas, and how to build forward looking trade plans so you are less likely to find yourself caught in one of these market traps. I do consider these to be traps. I think price routinely moves in ways that induce market participants to take losing positions. I think this is done in algorithmic fashion and this means it leaves clues in forms of recurring ways laying traps.
This is just an opinion. I don't know.

First we will examine the classic structure of a trend. All examples will use a downtrend.

Basic Recurring Trend Structure:

Basic Trend Structure

Most of you will have seen this before, and probably recognise it as Elliot Wave theory (EWT). Whether or not you think EWT is valid or not, there are some things I think all of us can agree on. That is for the market to be in a downtrend, it has to keep making new lows. If it doesn't, it's not in a downtrend anymore. You'll also probably agree there are retraces in moves. That not often are new lows consistently made without any retrace. In a broad sense, this is all EWT is describing, which makes it noteworthy in good trending conditions.

Here are the points where most mistakes are made by traders in EWT cycles.


Trend Best/Worst Entries

All areas marked off in orange are places where it's easy to make mistakes.

Looking closer, this is what the more detailed price action on these sorts of moves tend to look like on lower timeframes.


Detailed Best/Worst Entries

Brown boxes are where buying mistakes are made. Purple circles are where selling mistakes are made.
We'll look a bit closer at what the specific mistakes are usually based on (conventional technical analysis theories) soon. First here is an example of this on a real AUDUSD chart.


AUDUSD Example Chart
This is a 45 minute chart, so the swings are not as detailed as the ones I've drawn (mine are more like 15 min), but you should be able to see how this concept can be transferred over onto a real chart. All of us who have been trading for a while know there are times we have made these mistakes. Everyone has ended up selling the bottom pip, or getting stopped out right before it reversed. Many of these times (in a trending market) fit into these areas.
This is not just curve fitting. Using rules to help to describe these conditions to pick the best trades and trading against the trades strategy providers offer, I picked up these trades. This was not perfect, what I'm doing needs a lot of work.

AUDUSD Trade

Here we can see a couple few of the mistakes. The green lines are profits and orange lines are losses. Here shorting these mistakes has done quite well on the spike out low. It's hard to see, but it also got a lot of good buys at the low. There are some losses at the high, but there is a far larger position accumulated around the mistake level.

AUDUSD Result
See previous analysis on these trades in [2] [3]
A big trend leg followed this build up of positions and hit take profits where stops were set under the low. This is where people start to sell, but this is also usually a mistake to sell immediately after this breakout.

The types of mistakes made are due to a handful of concepts. Here I've numbered them.

Mistake Types
Rules/Rational people have in mind making these mistakes.

1 - Breakout/new high relative to recent leg / stops above previous high on sell/ previous low on buy.
2 - Single candle price action mistake.
3 - Breakout trading rushing in / stops go under recent supports/ over recent resistance.
4 - Break and retest.
5 - Deep correction.

Everything listed above has the potential to be very useful and valid in a technical analysis based strategy. However, in some contexts they are literally the very worst thing you can do. That's the thing about trading, you can do the same thing at different times and get wildly different results. What I'm trying to do here is not find people who lose every trade (I want them to win overall, actually. So I can keep copying them). I just want to work out ways to bet against mistakes they are likely to make. I think people will make these mistakes more reliably than an automated system will pick up trades.
I should add that most of these areas the mistakes happen at will be hit with a lot of velocity. This I think is what triggers the mistakes from so many impulsive traders. The market will amble along in a slow non-threatening / uninteresting sort of way, then suddenly all in a rush make these moves that imply something BIG is happening in a certain direction, when actually it's just about to move against these very positions if you take them. Velocity is one of my key filters.

Let's talk about the end of the two leg correction, this is one of the places I think most of the money is made and lost. At this point in an EWT cycle, the market is gearing up to enter it's strongest move. The best move to trade, and the smart market is going to need to get people on the wrong side. This is usually achieved with three things. One, the market makes it's first false reversal from a 50% retrace, and then moves with a lot of velocity into the 61.8% fib (briefly described in [2]). Then there's a second false breakout with price trading a little over the 61.8%, followed by a price crash into new lows.
The interesting thing about this move is if you speak to anyone with any sort of interest in EWT, they will tell you this move often completes with a news spike. There is positive news, the market moves quickly in the direction it "should" and then quickly makes a rapid reversal. Sometimes the move on the news makes absolutely no sense what-so-ever fundamentally. but does strike these areas.
Here is the Brexit chart.
Brexit trend continuation from 61.8% spike out pattern

Let's go further back.

Scotland Vote High
Here is where GBP made it's high point. This was after the fantastic fundamental news (apparently) that Scotland was staying in the UK. Price shot up, then began to heavily downtrend. I've marked in the start to the previous swing with a line, if you check these fibs you'll see it fits with the mistake. We are now in the part of cycle where GBP is aggressive pulling away from the range where the false reversals happened. This is punishing those who bought in this range, and we should expect to see it end in a violent spike down. Remember the people who thought buying Sterling after Brexit was free money? Nah uh.
This happens a lot. When it happens I see people trying to explain it with all sorts of theories. Usually involving the saying "priced in already". People often refer to these in aloof and vague ways, as if there was no way we could have ever known, and it's certainly not worth trying to forecast these sorts of things ... but next time you see this, have a quick check and see if we happened to be in a correction that spiked out a 50% high and reversed around 61.8%. It is wiser to look at what happened than take wild guesses as to why. I am not saying that it always it, nor am I saying it works like magic. I'm just saying it can be quantified. When someone says, "Well you see it was not what was said, or the number, but what was inferred ...", really means nothing. It's an opinion. We're better to look for things we can test, in my view at least.

So, let me talk you through the mental mindset of people when they're making these mistakes. I'm going to use this big Sterling chart, so this will also be a bit of a price forecast.


Mistakes Thinking Patterns.
1 - Price has been going up strongly, it's retraced and there is a single candle PA buy signal. Sets people up to take a horrible trade.
2 - Price has been falling hard and made yet another breakout, it's an easy sell ...
3 - This has fell too far, it's a reversal now. Look how strong it is.
4 - This is a strong breakout and this must be the start of a bigger move.
5 - Wow, it's broke the lows and look how hard it's falling, big sell time.

I think we will see stage 5 complete around 1.190. I think we may be due a fast move into this. Maybe in the coming week or two. It would be typical of the spike nature of end of this sort of move that this will be a single candle of over 150 pips that fills this. Being and holding GBPUSD shorts targeting 1.196 seems a great idea to me.

These five mistakes, made at these handful of areas are the ones I wanting to trade against, and if you'd like to be a profitable trader, are the places you should be looking for entries.
submitted by whatthefx to Forex [link] [comments]

GBPUSD Shaping Up for Good Sell (But not quite yet)

GBPUSD Shaping Up for Good Sell (But not quite yet)
We have reached a deep point in the retrace of the GBPUSD move, and hit an area that tends to be somewhere people lose money.

We are now trading at the 50% fib, and forming some short term reversal looking patterns here. It might reverse, but it's more likely it will stall at the 50%, make a false sell off and then spike out these early sellers and then reverse from the 61.8%.

https://preview.redd.it/wim46av5n0i31.png?width=824&format=png&auto=webp&s=ce16786492b08551c1de6e6418733b4295ae4e04
Imgur https://imgur.com/a/rKgqjnf

I explained this 50% - 61.8% spike out trap in this post https://www.reddit.com/Forex/comments/cko0d1/shorting_noobs_tweaks_improvements_and_parabolic/ (and others in that series in more detail)

A forecast of this specific GBPUSD move to this point was made in this post, as well as explaining in a lot more detail how we can see this is a likely scenario before it happens based on commonalities in moves that have formed like this after a trending move. https://www.reddit.com/Forex/comments/ctifde/forecasting_the_end_of_major_corrections_and/

Forecast pic

https://preview.redd.it/2k3synvzp0i31.png?width=786&format=png&auto=webp&s=2ec73c9dfc3c2e35ac58068cc294e9b896110a48

This is a good time for us to do two things.

1 - Set small pending orders on the level, just in case it pings it and then crashes quickly.

2 - Set alerts on this level so we are told when price meets there. Then we can use price action confirmation strategies to enter into moves with less chance of being whipsawed (because, remember, this level usually spikes us out if we are arbitrary in it's use. No easy meals in the market. It'll shake you out if it can.

We are looking for classic things. Double tops. Pin bars. Engulfing candles. 1 tick trap spike outs. All of these sorts of things on 15 min and 5 min charts on this level give us a 10 pips stop (20 if you want space) and we have at least 30 pips to the low (target one). If we are to continue trending we should see the next fall dropping at least 50 pips from the entry. Good trade. 1.1986 is the area we have the first big risk of a retracement, this seems like a good target area.

From there, if we bounce a little, we can scalp for a slightly lower low around 1.1820. Then we stop selling. This is a strong risk of a bounce against us area. This is probably where I look for buys on the GBPUSD.

Remember the price action should look strongly bullish as it meets the 61.8 and possibly spikes it out a little bit. It is a horrible place to buy. Prepare, and do not panic. That's the only real secret to profiting in the market, IMO.
submitted by whatthefx to Forex [link] [comments]

50% - 100% a Year Trading One Day a Week: Week 2 Pre-London Trade Plan

50% - 100% a Year Trading One Day a Week: Week 2 Pre-London Trade Plan
Part 1 Part 2
Heading into the London open we have full conditions required for the Friday trade.
From early in the week we've known what sort of price action we may be able to expect, and people are already showing good understanding of how they can see how these moves may develop. That's good.

https://preview.redd.it/g5z05d3a5jj31.png?width=778&format=png&auto=webp&s=9cb0236f9bd8ec9a1b0bc90e83937edb291ac204
Picture linked.

https://preview.redd.it/z2bsxy7d5jj31.png?width=960&format=png&auto=webp&s=913a25851a3e004e01fda7457f7fef52509a4209
Comment source https://www.reddit.com/usewhatthefx/comments/cwfd82/usdjpy_your_predction/eyddoog/
We've done well trading USDJPY this week. Buying through midweek. Shorting from the highs on Thursday, and now we're looking for a Friday continuation setup.


https://preview.redd.it/faof1sgw5jj31.png?width=682&format=png&auto=webp&s=fbb0248d00b38137182cd9614a2ed339a1a74e00
Buy area 106.15 . Stop 105.80 (tighter stops on good price action at level).

Price action forecast.
https://preview.redd.it/gmf9reb66jj31.png?width=592&format=png&auto=webp&s=54d77c9a6aff7c6ddd8141ea0acd5ff584afb612
Source https://www.reddit.com/usewhatthefx/comments/cx7gun/usdjy_now_we_sell/


EDIT:
5 mins after London open. 106.35
Buying.
106.35
New stop 106.47
submitted by whatthefx to u/whatthefx [link] [comments]

Are you chasing (or practicing) the "Königsdisziplin of trading"?

A recent comment by lazycroco captured well the spirit of something that I have been exploring of late. For those who missed the comment, it was in relation to a question about trading the M1/M5 timescale.
The only thing working in this timeframe is explicit trading: knowing the market inside out, knowing the relevant levels, seeing when price wins levels, when it fails levels etc. That however is the Königsdisziplin of trading and takes lot of effort to master. Plus I doubt anybody would teach it.
from here.
("Königsdisziplin" as best as I can tell translates to "supreme discipline", please correct me if I'm wrong)
Whilst many traders are superficially happy to abandon the idea that there is any "holy grail" of trading that "solves" the market, I feel like many advanced beginner and intermediate price action oriented traders replace the search for the holy grail with something similar to the search for lazycroco's Königsdisziplin concept.
Additionally, you'll see experienced long term traders hint at these ideas, whether explicitly, or indirectly by talking about the necessity of mammoth amounts of chart time to develop the 'feel' for the market.
In either case, there is a marked lack of detail when it comes to trying to tease out what does (or might go into) the process of developing, refining and then consistently implementing these abilities.
What are your thoughts?
submitted by alotmorealots to Forex [link] [comments]

Subreddit Stats: btc posts from 2017-10-03 to 2017-10-09 13:22 PDT

Period: 6.50 days
Submissions Comments
Total 837 20193
Rate (per day) 128.85 2692.43
Unique Redditors 489 2132
Combined Score 26601 69285

Top Submitters' Top Submissions

  1. 1086 points, 17 submissions: increaseblocks
    1. Another all time low achieved - The Blockstream CSO just reported Coinbase to the NYDFS (on Twitter) claiming they are violating the Bitlicense (199 points, 91 comments)
    2. Craig Wright is NOT the face of or "CEO" Bitcoin Cash (181 points, 116 comments)
    3. Bitcoin Cash (BCH) Withdrawals now available on Gemini exchange (176 points, 39 comments)
    4. In just the month of September 2017 alone rBitcoin mods censored 5633 posts and comments! (115 points, 19 comments)
    5. Forget stealing data — these hackers broke into Amazon's cloud to mine bitcoin (91 points, 11 comments)
    6. Why Blockstream Is So Loudly Against Segwit2x (72 points, 52 comments)
    7. 10 reasons why Reddit admins should close down Bitcoin and not BTC (63 points, 62 comments)
    8. These are the real enemies of Bitcoin (43 points, 23 comments)
    9. Bitcoin Core developers along with Blockstream are destroying Bitcoin (36 points, 5 comments)
    10. Theory: Bitcoin Cash price is dropping as we get closer to SegWit2X hard fork. People are putting their money back into the SegWit1X chain for now so they can claim coins on both chains come November. (34 points, 43 comments)
  2. 970 points, 8 submissions: MemoryDealers
    1. Repost: "The notion of every #bitcoin user running their own node is as dumb as the notion of every email user running their own server.' (279 points, 233 comments)
    2. Just letting Bitcoin.org know that Bitcoin.com will list S2X as BTC (Just like 95% of the rest of the ecosystem will) (243 points, 146 comments)
    3. Censorship question (158 points, 164 comments)
    4. The newest Bitcoin CASH billboard is coming to Silicon Valley! ($1,000 in Bitcoin Cash giveaway contest) (90 points, 38 comments)
    5. Core supporter mentality: Why would anyone ever switch from Myspace to Facebook? Of course they won't, we are already #1 (73 points, 67 comments)
    6. Insights from "a professional capacity planner for one of the world’s busiest websites" on the block size issue. (59 points, 18 comments)
    7. South Korean Startups Are Preparing To Fight The Government's ICO Ban (48 points, 2 comments)
    8. Meanwhile in Japan: (20 points, 21 comments)
  3. 895 points, 7 submissions: poorbrokebastard
    1. Is segwit2x the REAL Banker takeover? (288 points, 400 comments)
    2. No supporter of Bitcoin Cash ever called it "Bcash." (207 points, 328 comments)
    3. The real upgrade happened on August 1st, 2017 (186 points, 206 comments)
    4. We are building a Big Blocker's Arsenal of Truth and we need your help! (143 points, 163 comments)
    5. Understanding the Implications of Restricting Capacity in a Peer to Peer Cash System. (53 points, 42 comments)
    6. Block space is a market-based, public good, NOT a centrally controlled, restricted commodity. (18 points, 48 comments)
    7. Crypt0 on youtube talks about the Segwit2x Banker Takeover (0 points, 3 comments)
  4. 866 points, 4 submissions: jessquit
    1. I think we need an EDA fix before the Nov hardfork (540 points, 352 comments)
    2. If you still think that SW2X is going to be a nice clean upgrade per the NYA you're smoking crack (136 points, 177 comments)
    3. Bitcoin Cash is the real Bitcoin, even if Segwit currently has greater market share due to its stronger shilling (104 points, 140 comments)
    4. "Firing Core" by running SW2X makes as much sense as firing the Linux kernel devs by running Ubuntu. (86 points, 69 comments)
  5. 785 points, 8 submissions: btcnewsupdates
    1. Overstock accepts Bitcoin Cash - BCH holders can now buy Home Goods, Bed & Bath Essentials, Jewellery & More! (586 points, 117 comments)
    2. Bitcoin Cash Gains More Infrastructure In the Midst of Segwit2x Drama - Bitcoin News (80 points, 35 comments)
    3. To commemorate its Bitcoin Cash addition, GMO has launched a cash-back campaign for bitcoin cash of up to 25,000 yen (40 points, 0 comments)
    4. India’s Koinex Exchange to Enable Bitcoin Cash Trading Soon (31 points, 13 comments)
    5. Unregulated Is Not Lawless - CFTC is investigating Coinbase’s Ethereum flash crash (23 points, 6 comments)
    6. SimpleFX, online Forex & Cryptocurrency broker recently introduced Bitcoin Cash as a deposit currency (22 points, 0 comments)
    7. Bitcoin Cash Popularity Allows ViaBTC Mining Pool to Surpass 1 Exahash (3 points, 0 comments)
    8. Trade Bitcoin Cash CFDs - The Rapidly Rising Crypto - plus500.co.uk‎ (0 points, 0 comments)
  6. 745 points, 18 submissions: cryptorebel
    1. Great analysis by singularity and jessquit on how anti-btc trolls shifted: "suddenly last year they all disappeared, and a new type of bitcoin user appeared who were fully in support of bitcoin but they just so happened to support every single thing Blockstream and its employees said and did." (102 points, 50 comments)
    2. Don't fall for EDA Dragons Den FUD. EDA is a powerful weapon that could kill off or cripple the segwit chain for good. Legacy coin has no EDA crash barrier as this article explains. This is why small blockers use FUD us to disarm the EDA (78 points, 118 comments)
    3. Roger Ver CEO of bitcoin.com says that from his point of view the segwit2x split just gives him more coins to sell for the Bitcoin Cash version which he thinks is the more useful Bitcoin @3min41s mark (71 points, 33 comments)
    4. Proof the new Dragons Den plan could be to try to split BCC with an EDA change. Mrhodl is confirmed Dragons Den, and Cobra Bitcoin is the leader of bitcoin.org which is making enemy lists for big block supporting businesses. (70 points, 47 comments)
    5. Right now segwit2x (BT2) is trading for $1143 and segwit1x (BT1) is $3070 on Bitfinex futures markets. Even with not the greatest terms, you would expect 2x to be much higher. I believe this bodes well for BCC. (61 points, 112 comments)
    6. The other day people were suggesting we do an EDA change before the November 2x fork. Here is why I think that is a terrible idea, and why we should only consider EDA change AFTER the 2x fork. (58 points, 40 comments)
    7. "Nick, Adam and others saw the flaw in the system being that they could not ensure one vote one person.. The flaw in that reasoning is assuming that one vote one person was ever a goal. Miners act economically not altruistically." (57 points, 14 comments)
    8. Original chain is now only 4.8% more profitable than Bitcoin Cash chain after the most recent EDA adjustment on BCC. Very normal blocktimes. Where is the EDA dragons den FUD now? (53 points, 33 comments)
    9. Great Explanation from Peter Rizun at 6min mark, on why Segregated Witness no longer fits the Definition of Bitcoin in the Whitepaper as a Chain of Signatures. (51 points, 19 comments)
    10. Right now segwit2x is $650 and segwit1x is $3906. Search for BT1 and BT2 on this page and you can see the futures prices. (51 points, 102 comments)
  7. 640 points, 3 submissions: BeijingBitcoins
    1. "Am I so out of touch?" (441 points, 163 comments)
    2. Bitcoin Cannot Be Only a Store of Value - excellent article by OpenBazaar dev Chris Pacia (189 points, 47 comments)
    3. Interesting research paper: Troops, Trolls and Troublemakers: A Global Inventory of Organized Social Media Manipulation (10 points, 2 comments)
  8. 622 points, 2 submissions: routefire
    1. "Everyone who supported UASF and now complains about S2X out of fear of confusion/lack of mandatory replay protection is a hypocrite. UASF did not have ANY replay protection, not even opt-in. UASF did not even have wipe-out protection!" (394 points, 133 comments)
    2. While /bitcoin was circle-jerking to the idea that no exchange would list the SW2x chain as BTC, Bitcoin Thailand's comment to the contrary was removed from the very same thread! (228 points, 70 comments)
  9. 510 points, 6 submissions: BitcoinIsTehFuture
    1. Bitfinex announcement about issuing BT1 & BT2 "Chain Split Tokens" to allow Futures trading. (BT1 = Segwit1x; BT2 = Segwit2x) (172 points, 173 comments)
    2. By proving that it can be done (getting rid of Core) this will set a HUUGE precedent and milestone that dev teams and even outright censorship cannot overtake Bitcoin. That will be an extremely bullish occasionfor all crypto. (149 points, 84 comments)
    3. Bitfinex is going to call Segwit2x coins "B2X" and let Core chain retain "BTC" ticker symbol. Bitfinex is therefore calling Segwit2x an altcoin and Core the "real chain". (138 points, 70 comments)
    4. The goal of all the forks appears to be to dilute investment in the true forks: Bitcoin Cash and Segwit2x. A sort of Scorched Earth approach by Blockstream. They are going to try to tear down Bitcoin as they get removed. (35 points, 11 comments)
    5. Blockstream be like (10 points, 11 comments)
    6. In light of all these upcoming forks, we need a site where you can put in a BTC address and it checks ALL the forks and says which chains still have a balance for that address. This way you can split your coins and send coins carefully. (6 points, 6 comments)
  10. 508 points, 3 submissions: xmrusher
    1. Can we take a moment to appreciate Jeff Garzik for how much bullshit he has to deal with while working to give BTC a long-needed upgrade that Core has been blocking for so long? (278 points, 193 comments)
    2. The very objective article "Bitcoin is not ruled by miners" on the "bitcoin wiki" was added by theymos on 8th of August this year. Nothing strange to see here, just an objective, encyclopedia-quality overview! (155 points, 58 comments)
    3. According to Crooked Greg, Jeff merging opt-in replay protection is "alarming", because it must mean Jeff wants to blacklist people's addresses too. Core devs keep lying and manipulating to stir more drama and further the split in the community. Disgusting! (75 points, 16 comments)
  11. 505 points, 4 submissions: WalterRothbard
    1. Sam Patterson on Twitter: Can anyone explain why miners and CEOs agreeing to a 2mb hard fork was no big deal with the HKA but is a "corporate takeover" with the NYA? (221 points, 85 comments)
    2. Apparently Bitcoin requires trust now - trusting Core. I didn't get that memo. I think I'll opt out. (169 points, 139 comments)
    3. Erik Voorhees on Twitter: Nothing about NYA was secret (106 points, 34 comments)
    4. How much BTC is in segwit addresses? (9 points, 25 comments)
  12. 480 points, 3 submissions: BitcoinXio
    1. Friendly reminder: if you haven't yet, watch this video which shows reddit is gamed and manipulated by professional shills paid by companies with huge million dollar budgets. It is up to our community to defend itself against these bad actors. (325 points, 99 comments)
    2. Blockchain CEO Peter Smith on Twitter: "We've dedicated our lives to building bitcoin products, introduced millions to bitcoin, evangelized, long before it was cool. Enemies?" (in response to Adam Back) (147 points, 47 comments)
    3. Liberty in North Korea: Reddit online community members join forces to assist in the placement of North Korea’s Hermit Kingdom refugees (8 points, 3 comments)
  13. 459 points, 4 submissions: singularity87
    1. The entire bitcoin economy is attacking bitcoin says bitcoin.org! You can't make this shit up. (435 points, 279 comments)
    2. Understanding Bitcoin - Incentives & The Power Dynamic (13 points, 1 comment)
    3. Understanding Bitcoin - What is 'Centralisation'? (9 points, 9 comments)
    4. Understanding Bitcoin - Validity is in the Eye of the Beholder (2 points, 25 comments)
  14. 434 points, 3 submissions: Gregory_Maxwell
    1. Wikipedia Admins: "[Gregory Maxwell of Blockstream Core] is a very dangerous individual" "has for some time been behaving very oddly and aggressively" (214 points, 79 comments)
    2. Gregory Maxwell: I didn't look to see how Bitcoin worked because I had already proven it (strong decentralized consensus) to be impossible. (122 points, 103 comments)
    3. LAST 1000 BLOCKS: Segwit2x-intent blocks: 922 (92.2%) (98 points, 99 comments)
  15. 419 points, 1 submission: Testwest78
    1. Making Gregory Maxwell a Bitcoin Core Committer Was a “Huge Mistake” Says Gavin Andresen (419 points, 231 comments)
  16. 412 points, 14 submissions: knight222
    1. Kudos to Theymos who wanted to clear things up... (311 points, 89 comments)
    2. COINFUCIUS on Twitter: We are working with the machine's manufacturer to incorporate Bitcoin Cash support. This is a priority for us. (76 points, 2 comments)
    3. Cash, credit ... or Bitcoin? St. John's gets 1st cybercurrency ATM - Newfoundland - Labrador (9 points, 1 comment)
    4. Banks like the potential of digital currencies but are cool on bitcoin, UBS says (3 points, 0 comments)
    5. The Feds Just Collected $48 Million from Seized Bitcoins (3 points, 1 comment)
    6. while Bitcoin users might get increasingly tyrannical about limiting the size of the chain so it's easy for lots of users and small devices. (3 points, 3 comments)
    7. ‘Fraud.’ ‘More than a fad.’ The words Wall Street CEOs are using to describe bitcoin (2 points, 0 comments)
    8. Bitcoin is creating stark divisions on Wall Street (1 point, 0 comments)
    9. Bitcoin: Bitcoin's rise happened in the shadows. Now banks want in (1 point, 0 comments)
    10. Japan’s Biggest Bank Plans to “Overcome” Bitcoin Volatility with 'MUFG Coin' (1 point, 0 comments)
  17. 406 points, 5 submissions: jonald_fyookball
    1. Normal, real twitter users don't add [UASF], [No2x] or any "causes" to their user handles. Obvious astroturfing is obvious. Do they really think they are fooling anyone? (175 points, 134 comments)
    2. Greg Maxwell (and others) may be engaging in the illegal harassment of Jeff Garzik. (92 points, 24 comments)
    3. Bitcoin Cash FAQ updated. Explains why Bitcoin Cash doesn't have SegWit and why it was not considered a capacity increase (87 points, 11 comments)
    4. Is it all a bait and switch campaign? (32 points, 14 comments)
    5. Possible EDA simulation algorithm sketch (20 points, 12 comments)
  18. 404 points, 3 submissions: Annapurna317
    1. Everyone should calm down. The upgrade to 2x has 95%+ miner support and will be as smooth as a hot knife through butter. Anyone that says otherwise is fear monguring or listening to bitcoin propaganda. (364 points, 292 comments)
    2. Notice: Redditor for 3-4 months accounts or accounts that do not have a history of Bitcoin posts are probably the same person or just a few people paid to manipulate discussion here. It's likely a paid astroturfing campaign. (38 points, 30 comments)
    3. The latest TED Radio Hour titled “Getting Organized” talks about the decentralized algorithms of ants and how centralization is not the most ideal state of an organization. (2 points, 0 comments)
  19. 385 points, 1 submission: squarepush3r
    1. Dangerous direction for /btc, possible jump the shark moment. Witch-hunting, paid troll and Dragon Den's accusation to justify censorship. (385 points, 201 comments)
  20. 381 points, 1 submission: hunk_quark
    1. Why is there so much debate on whether Bitcoin is store of value or digital currency? Satoshi's white paper was pretty clear it's a digital currency. (381 points, 182 comments)
  21. 369 points, 5 submissions: craftercrafter
    1. Gavin Andresen on Twitter: Early bitcoin devs luckily picked the right project at the right time. None are irreplaceable, bitcoin will succeed with or without us. (293 points, 57 comments)
    2. Antpool, BTC.TOP & Viabtc all said EDA is a temporary design for BCC. They are just waiting for the new algorithm. (34 points, 19 comments)
    3. SimpleFX, an Online Forex & Cryptocurrency Broker, Adds Bitcoin Cash Payments as well as Bitcoin Cash Trading Pairs! (27 points, 1 comment)
    4. BCC Miners, two EDAs have locked in. This will reduce mining difficulty to 64.00%. If you are aiming to achieve profit parity, you should start mining after the next EDA (in 2.5 hours), because then the difficulty will be at 51%, which gives profit parity on both chains and steady block rate. (9 points, 14 comments)
    5. Antpool, Viabtc, Bitcoin.com, BTC.com, we need to hear your voice. In the case of a scheduled hardfork for updating the EDA, will your pool follow? (6 points, 18 comments)
  22. 348 points, 6 submissions: specialenmity
    1. Fact: proof of work which is the foundation of bitcoin and not invented by Adam back was designed to counter attacks where one person falsely represents to be many(like spam). Subreddits and twitter dont form the foundation of bitcoin for a reason. (156 points, 27 comments)
    2. I'm a small blocker and I support the NYA (87 points, 46 comments)
    3. Devs find clever way to add replay protection that doesn't change transaction format which would break software compatibility and cause disruption. G. Max responds by saying that this blacklisting is a sign of things to come. (49 points, 57 comments)
    4. Five ways small blocks (AKA core1mb) hurt decentralization (36 points, 4 comments)
    5. Even if bitcoins only use to society was avoiding negative interest rates, bail-ins + bail-outs, that is incredibly useful to society. Of course a banker like Jamie Dimon would call something a fraud that removes a "bank tax" on society by allowing them to avoid these fraudulent charges. (18 points, 0 comments)
    6. There are different kinds of censorship. The core propagandists are unwittingly great advocates of economic censorship (2 points, 1 comment)
  23. 286 points, 2 submissions: coincrazyy
    1. Rick Falkvinge on Twitter - "Blockstream's modus operandi is not particularly hard to copy. It's just so cheap and shortsighted." -Gets 5000 ReTweets and 5000 likes in 30 mins. TO PROVE A POINT. ASTROTURFING DOES NOT MEAN CONSENSUS (164 points, 15 comments)
    2. Segwit was invented by "cypherpunks" THAT FAILED TO CREATE A VIABLE DIGITAL CURRENCY. Bitcoin was created by a cypherpunk that SUCCEEDED. (122 points, 118 comments)
  24. 257 points, 2 submissions: olivierjanss
    1. Why Bitfinex’s “Chain Split Tokens” are completely biased towards the small block side (again) (205 points, 165 comments)
    2. Reminder of what took place behind closed doors in 2016, revealing Blockstream & Core's quest for domination & lies. (52 points, 3 comments)
  25. 254 points, 9 submissions: SeppDepp2
    1. #SegWit2x is an upgrade to BTC and will use the BTC ticker. (103 points, 59 comments)
    2. Core rage quitting Swiss Bitcoin Association ? - Due to a CSW free speech ? - OMG - grow up little prejudges! (76 points, 141 comments)
    3. "Venezuela could soon decide to adopt the Bitcoin as its new currency" - Hope they'll use Satoshi's Bitcoin Cash - They cannot afford high fees like most No2X / NoCash puppets! (36 points, 6 comments)
    4. A short logical layman proof definition of Bitcoin: Look up, what Bitcoin really is: 1) Whitepaper 2) First code version Bitcoin is Bitcoin Cash and includes e.g. the witness. Segwit - Bitcoin is an alternative to this (ALT). (17 points, 3 comments)
    5. Core gets hyperallergic about a free speach of CSW in neutral Switzerland (6 points, 35 comments)
    6. Different Bitcoins: Value proposition, trust, reputation - confidence (6 points, 0 comments)
    7. Four Different November Scenarios (6 points, 24 comments)
    8. Swiss biggest FinTech launches BITCOIN Tracker (valid up to 2020) (2 points, 1 comment)
    9. Watch out for this kind of pattern! If it comes to such a segregation of good old members into good and enemy its gonna be dirty! (2 points, 0 comments)
  26. 230 points, 2 submissions: williaminlondon
    1. PSA: latest rbitcoin post "It's time to label (and remove from reddit.com) what is plainly obvious: btc is a monetized subreddit for bitcoin.com." (126 points, 57 comments)
    2. Did anyone notice how angry Blockstream / Core people are whenever good news are posted here? (104 points, 108 comments)
  27. 227 points, 1 submission: dskloet
    1. All the #no2x bullshit is the fault of the people who agreed to activeate SegWit before 2x. (227 points, 199 comments)
  28. 226 points, 5 submissions: opling
    1. Japan's Largest Bitcoin Exchange Bitflyer Launches Bitcoin Visa Prepaid Card (112 points, 1 comment)
    2. Large Japanese Energy Supplier Adds Bitcoin Payments With a Discount (44 points, 4 comments)
    3. Bitcoin ATMs On the Rise in Russia (40 points, 2 comments)
    4. Russia's Central Bank Instructs Clearinghouse Not to Settle Cryptocurrency Contracts (18 points, 1 comment)
    5. Government Head of IT Department Fired for Mining Bitcoin Using State-Owned Computers in Crimea (12 points, 2 comments)
  29. 222 points, 2 submissions: GrumpyAnarchist
    1. Xapo just sold off another 70,000 BCH today, that might explain the price. They're down to 176K in their main wallet now. (166 points, 132 comments)
    2. Roger, can you make Bitcoin Cash an option, with maybe a link to info, in the original wallet setup phase for the Bitcoin.com wallet? (56 points, 28 comments)
  30. 216 points, 7 submissions: uMCCCS
    1. TIL a BS employee, Chris Decker, and some other people released a study that says "4 MB blocks don't cause centralization" (128 points, 19 comments)
    2. Without ASICs, there would be large botnets that are more centralized (44 points, 43 comments)
    3. Bitcoin-ML Bucketed UTXO Commitment (a.k.a. Blockchain pruning!) (27 points, 6 comments)
    4. Bitcoin Cash is Satoshi's BitCoin, not altered Bitcoin (10 points, 10 comments)
    5. TIL BashCo has a website "2x Countdown" (5 points, 1 comment)
    6. How true is rBTC censorship? (2 points, 7 comments)
    7. If S1X lives and Core Never HardForks, BTC will die in year 2038 (0 points, 7 comments)

Top Commenters

  1. williaminlondon (3150 points, 739 comments)
  2. poorbrokebastard (2114 points, 518 comments)
  3. cryptorebel (1768 points, 257 comments)
  4. space58 (1313 points, 201 comments)
  5. Adrian-X (1109 points, 235 comments)
  6. knight222 (1037 points, 157 comments)
  7. bitcoincashuser (946 points, 188 comments)
  8. jessquit (901 points, 150 comments)
  9. ---Ed--- (758 points, 185 comments)
  10. LovelyDay (742 points, 125 comments)
  11. jonald_fyookball (720 points, 106 comments)
  12. Not_Pictured (701 points, 111 comments)
  13. awemany (675 points, 173 comments)
  14. BitcoinXio (611 points, 41 comments)
  15. Gregory_Maxwell (609 points, 90 comments)
  16. singularity87 (608 points, 44 comments)
  17. 2dsxc (587 points, 79 comments)
  18. BitcoinIsTehFuture (567 points, 79 comments)
  19. BTCrob (534 points, 214 comments)
  20. H0dl (531 points, 79 comments)
  21. dskloet (517 points, 94 comments)
  22. Ant-n (509 points, 132 comments)
  23. nullc (497 points, 66 comments)
  24. tippr (483 points, 284 comments)
  25. todu (476 points, 63 comments)
  26. GrumpyAnarchist (472 points, 127 comments)
  27. tophernator (462 points, 78 comments)
  28. livecatbounce (456 points, 61 comments)
  29. kenman345 (453 points, 49 comments)
  30. cryptonaut420 (403 points, 50 comments)

Top Submissions

  1. Overstock accepts Bitcoin Cash - BCH holders can now buy Home Goods, Bed & Bath Essentials, Jewellery & More! by btcnewsupdates (586 points, 117 comments)
  2. I think we need an EDA fix before the Nov hardfork by jessquit (540 points, 352 comments)
  3. "Am I so out of touch?" by BeijingBitcoins (441 points, 163 comments)
  4. The entire bitcoin economy is attacking bitcoin says bitcoin.org! You can't make this shit up. by singularity87 (435 points, 279 comments)
  5. Making Gregory Maxwell a Bitcoin Core Committer Was a “Huge Mistake” Says Gavin Andresen by Testwest78 (419 points, 231 comments)
  6. "Everyone who supported UASF and now complains about S2X out of fear of confusion/lack of mandatory replay protection is a hypocrite. UASF did not have ANY replay protection, not even opt-in. UASF did not even have wipe-out protection!" by routefire (394 points, 133 comments)
  7. Dangerous direction for /btc, possible jump the shark moment. Witch-hunting, paid troll and Dragon Den's accusation to justify censorship. by squarepush3r (385 points, 201 comments)
  8. Why is there so much debate on whether Bitcoin is store of value or digital currency? Satoshi's white paper was pretty clear it's a digital currency. by hunk_quark (381 points, 182 comments)
  9. Everyone should calm down. The upgrade to 2x has 95%+ miner support and will be as smooth as a hot knife through butter. Anyone that says otherwise is fear monguring or listening to bitcoin propaganda. by Annapurna317 (364 points, 292 comments)
  10. Friendly reminder: if you haven't yet, watch this video which shows reddit is gamed and manipulated by professional shills paid by companies with huge million dollar budgets. It is up to our community to defend itself against these bad actors. by BitcoinXio (325 points, 99 comments)

Top Comments

  1. 194 points: cryptorebel's comment in Dangerous direction for /btc, possible jump the shark moment. Witch-hunting, paid troll and Dragon Den's accusation to justify censorship.
  2. 167 points: EH74JP's comment in The entire bitcoin economy is attacking bitcoin says bitcoin.org! You can't make this shit up.
  3. 158 points: BobWalsch's comment in I think we need an EDA fix before the Nov hardfork
  4. 157 points: BitcoinXio's comment in Dangerous direction for /btc, possible jump the shark moment. Witch-hunting, paid troll and Dragon Den's accusation to justify censorship.
  5. 149 points: MemoryDealers's comment in All the #no2x bullshit is the fault of the people who agreed to activeate SegWit before 2x.
  6. 116 points: Testwest78's comment in Making Gregory Maxwell a Bitcoin Core Committer Was a “Huge Mistake” Says Gavin Andresen
  7. 115 points: 2dsxc's comment in I think we need an EDA fix before the Nov hardfork
  8. 106 points: Piper67's comment in jgarzik please do not add replay protection
  9. 106 points: singularity87's comment in The entire bitcoin economy is attacking bitcoin says bitcoin.org! You can't make this shit up.
  10. 99 points: zowki's comment in Bitcoin.com Pool stabilized the Bitcoin Cash blockchain (prevented excessive EDAs)
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