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djdhrubs

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  1. djdhrubs

    Mercury-fx using XRP

    It’s nice that the CEO of mercury looks like a friendly hobbit.
  2. Poor old Euro Exim Bank. You’ve just been XRPchat’d!
  3. No. This is simply a measure of exhaustion and can be used on any time frame, be it daily, hourly, monthly or on a 1 minute chart. The higher the time frame the more valid it is but you’ll find that some time frames are very well suited to some coins. You have to hunt around for the time frames where the 9 candle perforned best. For example, the 12H chart works great with bitcoin and quite a few other coins.4h and 1H too. I’ve had success playing the 5 min chart with Xrp. EOS works well with a 3 day chart. Daily charts work really well with traditional markets, particularly some stocks like Amazon. It could be the 24 h nature of crypto trading that means you have to hunt around for the time frames which suit best. However it’s difficult to argue with the accuracy of the weekly chart for xrp and eth, particularly in the 9 candles arresting the trend or even reversing it.
  4. Just to lend a bit of weight to the countdown phase working well in crypto, have a look at ETH weekly chart. It topped out on a 9 in the sequential, in combination with a cluster of 13’s in the countdown phase. People on the telegram group I’m in as a result of going to Tone Vays’ workshop actually started shorting it at that stage!
  5. The weekly chart for XRP. The sequential system (the numbers at the TOP of the candles) are a measure of exhaustion of a trend. Red numbers mean the price trends down. Green number, up. When you get to a 9 candle, you can expect a 1-4 candle correction to the opposite direction. There are rules that state whether the number progress to 9 or not (essentially to progress, the candle has to close above the one 4 candles before it, in an uptrend. Other way round in a downtrend. If that doesn't happen, you get a colour flip and a new number '1' candle). You can see that the all time high coincided, pretty much, with a 9 candle. Zooming in, you can see another couple of 9 candles on the weekly chart. The first one held the price steady for a few weeks, the second one lead to a dramatic reversal in September. Whenever you reach a 9 candle, you then get something called the 'countdown' kicking off. These are the numbers BELOW the candles. This countdown goes up to the number 13. There are rules for this too which I won't bore you with. However, bottom line is, you get a 9 candle on the sequential, then you start a countdown to 13. We have just reached the 13 now, as you can see by 'S13' written at the bottom of this week's candle which has just started. This means that an absolute point of exhaustion has been reached. So do we just go up now? Well. maybe, maybe not. This countdown was kicked off by the 1st '9' candle on the zoomed chart. There is another countdown now running, not yet complete, as a result of the 9 candle we got in September. Plus bitcoin doesn't seem like it's bottomed yet. So we may have to wait a few more weeks for the 2nd countdown to finish. But anyway, based on the TD indicator, the conditions are there for a bit of a reversal over the next few weeks. Apologies if I've confused everyone. And just to add, Tone Vays usually applies the countdown to the stock markets, not so much to crypto. The sequential (initial phase) bit works very well with crypto.
  6. Agree with this, hopefully as worst case scenario and if bitcoin goes to low 2k's. If bitcoin goes lower, then we'll go even lower.
  7. djdhrubs

    What an Incredible Year

    No I just find it very strange that when you yourself said you’ve been shorting all year, you’re not even able to share with us when you entered the short position, when you took profit, and where your stop loss was. I was inviting you to show off your fantastic trades and gives us some details. I was also hoping for some insights as to where your targets are for stopping your short position. Maybe a wealthy professional like you could have shared with us how low you see XRP going? Instead of taking that invitation, you’ve stopped the conversation short. Now I genuinely am thinking you don’t know what a short position is, and I wouldn’t be surprised if you haven’t even entered a trade in your life. You’ve said you’re rich, but unsurprisingly no one actually believes you. Ah well, was hoping to pick your rich brains but sorry you couldn’t help us poor folk out.
  8. djdhrubs

    What an Incredible Year

    Er, yes. I’m asking when you will close down your short position, ie at which price point? Where is your stop loss, when did you open the short position? If you can’t answer these very basic questions about a trade I’d doubt that you even have a short position open. Let alone the rest of your floor.
  9. djdhrubs

    What an Incredible Year

    What’s your targets for closing your short positions?
  10. djdhrubs

    In defence of TA...

    Has beautifully kept dropping once it fell out of the wedge. Took some more profits. I now have 40% of my position left open.
  11. Did he just shave off his beard? I'm falling in love all over again.
  12. djdhrubs

    In defence of TA...

    @Truthbot Damn you! I get a laugh reaction but not a confused one! Lol.
  13. djdhrubs

    In defence of TA...

    ...which gets a bit of gentle abuse here, I just wanted to share with you/ gloat about a trade I'm in, shorting NEO. In the morning I noticed a possible rising bearish wedge / ending 5th wave diagonal forming (1st image). If it was gonna play out, I expected one more move up to hit the top of the wedge. It's said that wedges give you an 80% probability of success in terms of them playing out. This subsequently happened, and triggered my short sell order at 9.98. You can see that it hit the top of the wedge, wicked above it briefly, and then headed down quickly. I was following things mainly on the 10 min chart, and you can see that it topped pretty much on a green 9 candle, according to the TD indicator. It then plummeted and briefly bottomed on a red 9! I took quite a lot of profit on that candle. I'm still in the trade. So 2 different TA methods: Elliott Wave and the TD indicator, helped me a lot in executing this trade, letting me know to take on the trade in the 1st place, a precise entry point, and exit point. It's nice when a plan comes together. It could easily have gone against me, if bitcoin had decided to do something dramatic and go up. This is why TA with crypto is even more difficult, because you can focus on the coin you're targeting, but also have to do simultaneous TA on bitcoin as well.
  14. djdhrubs

    Reverse H&S

    I've posted about this subject on the Zerpening forum. I find it very interesting as well. My own theory is that psychology is reflected in the charts (for example, a narrowing price range forming a triangle) leading to a moment of extreme sensitivity...so when news hits, whether good or bad, the price movement also occurs. People who don't believe in TA will say that it was only the news which made the difference. People who believe in TA, like I do, will tell you that the charts pre-dated the move, and may even predict the move (e.g ascending triangles break upwards more often than not, descending triangles break down).
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