I made about 4 million, with a principal of 50,000. I never worked after graduating from college.

I've been playing in Kunming and Dali, not buying a house or a car. My monthly expenses are 1500.

How I make money:

1. A principal of 50,000, doing projects in college, Taobao ke, shua order, express delivery, APP charging, various small tasks, saved 50,000.

2. When entering the coin circle, I think BTC is too expensive, so I have been playing ETH, ETH has leverage, and then it is altcoin spot. Choose coins, and do a good job of position management. Just execute the simple idea, if the market is not good, lose a little, and if the market comes, you will make a lot of money.

Why join the circle:

If you want to change your destiny, you must try the crypto circle. If you can't make a fortune in this circle, ordinary people will have no chance in this lifetime.

I'm still making money with coins, and once you understand coin speculation, it's like having a cheat code. At the end of last year, I played with 200,000 and now I have 20 million, easily a hundred times profit! I use the following method:

Execute coin speculation like this! Earning a million is achievable.

The core is one sentence: use contract trading to amplify returns!

For example, with a principal of 5000, first exchange 2000 of this into 300U (approximately 300u), let's take two steps:

Step 1: Snowball with Small Capital (300U to 1100U)

Take 100U out to play each time, specializing in the recently popular b. Remember two things:

① Run when you double your money (e.g., immediately stop when 100 becomes 200) ② Lose up to 50U

Just cut your losses. If you're lucky, you can roll to 800U by winning three times in a row.

(100-200~400~800). But take profits when you see them! Play a maximum of three rounds, and stop when you earn around 1100U. This stage relies heavily on luck, so don't be greedy!

Step 2: Use Combination Punches with More Money (Starting from 1100U)

At this time, use three different sums of money to play different strategies:

1. Quick In and Out Type (100U)

Specialize in 15-minute ups and downs, focusing on stable coins like Bitcoin/Ethereum. For example, if you see Bitcoin suddenly rise in the afternoon, immediately follow the rise and run away with a 3%-5% profit, like setting up a street stall, small profits but quick turnover.

2. Buddha-like Fixed Investment Type (15U per week)

Regularly take 15U per week to buy Bitcoin contracts (for example, now it's 50,000 USD, and you think it can rise to 100,000 in the long term). Just treat it as a piggy bank, don't panic if it falls, wait for half a year or a year, suitable for people who don't have time to watch the market.

3. Main Trend Order (Press the Rest)

Strike hard when you see a big trend! For example, if you find that the Federal Reserve is going to cut interest rates and Bitcoin may skyrocket, directly open a long order. But you must think in advance: how much profit to run (e.g., double), how much loss to accept (maximum 20%). This trick requires you to read news and understand technical analysis, novices should not do it blindly!

Important Reminder:

① Bet a maximum of 1/10 of your principal each time, don't go All in!

② Every order must have a stop loss!

③ Play a maximum of 3 orders per day, if you're itchy, go play games

④ Cash out when you reach your goal, don't think about "making another wave!"

Remember:

1. Buy coins when Bitcoin's weekly line is above MA20, buy two to three, must be new coins, hot coins in a bear market, such as APT before it rose, it came out of the bear market, as long as Bitcoin rises a little, it will take off, such as OP. Anyway, remember, it must have hype and a story to tell.

2. Stop loss when Bitcoin falls below MA20, continue to make money during buying or waiting, give yourself two to three chances to fail. If you have 20,000 in savings, invest 10,000, you can fail three times.

3. If you buy a coin like APT, take about 4-5 times the profit and leave. Constantly execute the strategy, remember that you are small funds, you must buy new coins, don't buy ETH, BTC. Their gains cannot support your dreams.

4. If it goes from a bear market to a bull market, getting three 5x gains is about 125x, this time is probably a year in the short term, and 3 years in the long term. You have three chances to fail, if you fail all three times, it means you don't have this ability, stay away from this circle, stay away from investment, and don't get caught in contracts. In short, remember to enter when you should, and stop loss when you should, and be patient.

5. Making transactions is normal to have gains and losses, don't be affected by temporary profits or losses, have a calm mind to see everything clearly!

I will also share a set of my own practical strategies over the years, with an average win rate of 80%, which is a very rare achievement in the coin trading world.


There is a dumbest coin speculation method that allows you to stay "forever profitable" and make 30 million! This method achieves an 80% win rate! Indicators that must be known for coin speculation [Moving Average + Narrow Range Resonance Strategy] Win rate soars by 300%!

Many price action traders are familiar with various candlestick patterns, however, not many people understand the application of narrow range candlesticks. Narrow range candlesticks can provide insights into the development of future price action, and are therefore an important price action signal to study along with candlestick patterns.

We will examine three types of narrow range (NR) candlestick patterns. This includes the NR4 candlestick, the NR7 candlestick, and the NR4/ID candlestick. All three patterns can provide reliable trading opportunities as they can help us capture the next most likely price movement after a period of consolidation.

Introduction to Narrow Range Candlesticks

The concept of "Narrow Range Candlesticks" was popularized by Toby Crabel, hailed as "the most well-known counter-trend trader," in his excellent book (Day Trading With Short Term Price Patterns and Opening Range Breakout).

Other commodity traders have also expanded on the concepts he initially discussed in the book. Two of the more notable authors include Linda Bradford Raschke and Lawrence Connors, who co-authored (Street Smarts: High Probability Short-Term Trading Strategies).

Essentially, the idea behind narrow range candlesticks is that trend days or multi-day trends often occur after a period of contraction, which can be easily seen and quantified on price charts.

Although the original concept of narrow range candlesticks was applied to intraday trading strategies, I have found that they are equally useful in swing trading.

The narrow range candlestick strategy is a simple breakout strategy that enters long positions at a predefined high and short positions at a predefined low. These predefined levels are usually the high and low of the narrow range candlestick pattern.

The biggest advantage of this strategy is its simplicity. Although narrow range candlestick breakouts are simple to execute, they are still highly effective patterns if traded correctly.

The three main variations of the narrow range candlestick breakout strategy are the NR4 breakout, which is a breakout from the narrowest candlestick of the last four days. The second variation is the NR4/ID setup, which involves a breakout from the narrowest range candlestick of the last four days, which is also an inside day candlestick.

The last variation of this strategy is the NR7 breakout, which is essentially the same as the NR4 breakout, but in the case of NR7, we will look for a breakout from the narrowest range candlestick of the last seven days.

In addition to the different narrow range patterns, traders can also further filter setups in a number of ways for best results. One filter that is commonly used with narrow range candlestick setups is a trend filter.

A trend filter only allows trades where the long-term trend aligns with the direction of the narrow range breakout. One of the more effective trend filters that can be combined with this strategy is the moving average.

We will look in more detail at the three different variations on the price chart, and discuss a way to filter and trade these narrow range candlestick setups.

Trading NR4 Candlesticks

The Narrow Range 4 (NR4 candlestick) is the narrowest range candlestick within the last four trading days. Therefore, the NR4 pattern consists of four candlesticks in total. The range of the fourth candlestick, or the last candlestick, will be smaller than the range of each of the previous three candlesticks. Let's take a look at how the NR4 pattern performs on a price chart.

In the chart above, you can see the price action of the last four candlesticks marked on the chart. If you look closely, you can see that the last candlestick, the fourth candlestick, has a smaller range than the previous three (candlesticks 1 to 3). Therefore, the fourth candlestick line constitutes the NR4 candlestick and validates the pattern.

The process of finding NR4 setups is quite simple. First, you need to check the high and low data points of each of the last four candlesticks. This will allow you to calculate the high-low range of each candlestick.

Then, you will compare today's range with the range of each of the previous three candlesticks. If you find that today's range is smaller than the range of each of the previous three candlesticks, then the pattern can be marked as an NR4 structure.

With today's computing technology, it is quite easy to write a script and automate this process. Alternatively, you can access some free pre-programmed narrow range indicators to perform this task.

In any case, once you identify an NR4 pattern on the price chart, you can take the next step to further evaluate and consider trading the setup. At the most basic level, a signal to enter a long trade appears when the price breaks above the high of the NR4 candlestick. Conversely, a signal to enter a short trade appears when the price breaks below the low of the NR4 candlestick.

NR4 Candlestick Trading Example

We will create a simple strategy to trade NR4 setups. The rules are as follows:

NR4 Candlestick Setup Rules – (Using Daily Chart Timeframe)

Long NR4 Trading Setup Rules

● The candlestick after the NR4 candlestick must break above the high of the NR4 candlestick.

● The price must be above the 89-period simple moving average at the time of the breakout.

● Buy price is 1 pip above the NR4 candlestick high.

● Stop loss is set 1 pip below the low of the NR4 candlestick.

● Exit the trade at the close of the third candlestick after the breakout candlestick.

Short NR4 Trading Setup Rules

● The candlestick after the NR4 candlestick must break below the low of the NR4 candlestick.

● The price must be below the 89-period simple moving average at the time of the breakout.

● Sell 1 pip below the low of the NR4 candlestick.

● Stop loss is set 1 pip above the high of the NR4 candlestick.

● Exit the trade at the close of the third candlestick after the breakout candlestick.

Now that we have the rules for trading NR4 setups, let's look at a price chart and apply the strategy. The following chart is the daily chart of the GBP/USD currency pair. You can see that there are five arrows pointing to specific blue candlesticks. These blue candlesticks represent NR4 candlesticks. The light blue line marked on the chart is the 89-period simple moving average.

Now let's analyze the five NR4 trading signals that occurred on this price chart. Starting from the far left, the first signal occurred when it broke below the NR4 candlestick. We will exit the position on the third candlestick after the breakout candlestick, which resulted in a profitable trade.

The second signal occurred shortly after the price broke above the 89-period simple moving average. Here, we will wait for the breakout above the high of the NR4 candlestick. We can see that this happened on the subsequent candlestick, which is our signal to go long. We will exit the position on the third candlestick after the breakout candlestick. This will happen when the shooting star pattern that forms the swing high is formed.

The third NR4 trading signal occurred after a brief pullback. Note that the candlestick after this NR4 candlestick broke above the high and closed near the top of its range. The stop loss would be set at the low of the NR4 candlestick and was never threatened. The exit was triggered on the third day after the breakout candlestick, which happened to be the day the candlestick itself was an NR4 candle. This is shown by the fourth arrow on the chart.

The last NR4 trading setup occurred when the price was far above the 89-period simple moving average. You can see that the price broke above the high of this NR4 candlestick and continued to rise in the following days. The closing price of the last candlestick on the chart represents the exit point.

Trading NR4/ID Candlesticks

The structure of the NR4/ID candlestick is similar to that of the NR4 candlestick, but with the addition of a condition that the last candlestick (the fourth candlestick) must also be an inside bar. An inside bar is one whose high-low range is contained within the range of the previous candlestick. Therefore, this narrow inside bar setup occurs when the high-low range of the fourth candlestick in an NR4 candlestick is contained within the range of the third candlestick in the structure.

Here is an example of an NR4/ID candlestick pattern:

As shown in the figure, the range of the fourth candlestick is smaller than the range of each of the previous three candlesticks (candlesticks 1-3). Therefore, the fourth candlestick is considered an NR4 candlestick. In addition, the fourth candlestick is also contained within the range of the third candlestick. More specifically, the high of the fourth candlestick is lower than the high of the third candlestick, and the low of the fourth candlestick is higher than the low of the third candlestick. Therefore, we can say that the fourth candlestick is an inside bar pattern. Therefore, the structure is both an NR4 candlestick and an inside bar, which makes it an NR4/ID candlestick structure.

The process of finding NR4/ID candlestick structures is similar to the process of finding NR4 candlestick structures, but with one significant condition added. That condition is that the fourth candlestick must also be an inside bar.

The basic signal for entering a long trade in an NR4/ID setup is when the price breaks above the high of the NR4/ID candlestick. Conversely, the signal for entering a short trade is when the price breaks below the low of the NR4/ID candlestick.

NR4/ID Candlestick Trading Example

Here are the simple rules for trading NR4/ID candlestick setups:

NR4/ID Candlestick Setup Rules – (Using Daily Chart Timeframe)

Long NR4/ID Trading Setup Rules

● The candlestick after the NR4/ID candlestick must break above the high of the NR4/ID candlestick.

● The price must be above the 89-period simple moving average at the time of the breakout.

● Buy 1 pip above the NR4/ID candlestick high.

● Stop loss is set 1 pip below the low of the Outside Bar. (This is the candlestick immediately preceding the NR4/ID candlestick)

● Exit the trade at the close of the sixth candlestick after the breakout candlestick.

Short NR4/ID Trading Setup Rules

● The candlestick after the NR4/ID candlestick must break below the low of the NR4/ID candlestick.

● The price must be below the 89-period simple moving average at the time of the breakout.

● Sell 1 pip below the NR4/ID candlestick low.

● Stop loss is set 1 pip above the high of the outside bar. (This is the candlestick immediately preceding the NR4/ID candlestick)

● Exit the trade at the close of the sixth candlestick after the breakout candlestick.

Now let's turn our attention to the chart below, which illustrates how to trade this intraday strategy according to the rules above. The chart is the daily chart of the USD/CHF currency pair. Each of the six blue arrows points to an NR4/ID candlestick. You will notice that on this chart, the NR4/ID candlesticks are filled as black candles. The light blue line sloping downwards on the price action represents the 89-period simple moving average.

Trading NR7 Candlesticks

The Narrow Range 7 candlestick (NR7 candlestick) is the narrowest range candlestick within the last seven trading days. Therefore, the NR7 pattern consists of seven candlesticks in total. The range of the seventh candlestick, or the last candlestick, will be smaller than the range of each of the previous seven candlesticks. Let's take a look at how the NR7 candlestick pattern performs on a price chart.


In this chart example, you will notice that the last seven candlestick price actions are circled. Note that the last candlestick (the seventh candlestick) has a narrower range than the previous six. Simply put, the high-low range of the seventh candlestick is smaller than each of the candlesticks numbered 1 to 6. Therefore, the seventh candlestick can be marked as an NR7 candlestick and confirm the pattern.

Similar to the process of finding NR4 patterns, we will follow the same steps to find NR7 patterns, with one exception. When evaluating NR7 patterns, we will look back at a total of seven candlesticks' high and low data points, instead of just confirming the last four.

As for the entry signal, the NR7 trading setup works the same way as the NR4 setup. That is, when the price breaks above the high of the NR7 candlestick, a long signal appears. When the price breaks below the low of the NR7 candlestick, a short signal appears.

At this point, you may be wondering what the actual difference is between trading NR7 and NR4 setups, and why we might choose one over the other. Obviously, since the requirements for NR4 candlesticks are less stringent than those for NR7 candlesticks, you will see more NR4 setups than NR7 setups.

NR7 candlesticks require a higher degree of compression of price action than NR4 candlesticks. Therefore, we often see that breakouts after NR7 candlesticks are more significant than breakouts after NR4 candlesticks. While this is not always the case, this guideline holds true in most cases.

NR7 Candlestick Trading Example

Here are the rules for trading NR7 candlestick setups:

NR7 Candlestick Setup Rules – (Using Daily Chart Timeframe)

Long NR7 Trading Setup Rules

● The candlestick after the NR7 candlestick must break above the high of the NR7 candlestick.

● The price must be above the 89-period simple moving average at the time of the breakout.

● Buy 1 pip above the high of the NR7 candlestick.

● Stop loss is set 1 pip below the low of the NR7 candlestick.

● Exit the trade at the close of the sixth candlestick after the breakout candlestick.

Short NR7 Trading Setup Rules

● The candlestick after the NR7 candlestick must break below the low of the NR7 candlestick.

● The price must be below the 89-period simple moving average at the time of the breakout.

● Sell 1 pip below the low of the NR7 candlestick.

● Stop loss is set 1 pip above the high of the NR7 candlestick.

● Exit the trade at the close of the sixth candlestick after the breakout candlestick.

Now that we understand the rules for trading NR7 candlestick setups, let's look at some practical examples. The following chart shows the daily chart of the USD/CAD currency pair. There are a total of six signals on this chart, and the yellow candlestick bodies represent the actual NR7 candlesticks. The light blue line at the bottom of the chart represents the 89-period simple moving average, which is our trend filter.

Starting from the far left, we can see that the first NR7 candlestick setup will issue a long entry signal on the subsequent candlestick. This will cause the position to be stopped out because the low of the NR7 candlestick was triggered shortly after entry.

Next is the second NR7 candlestick setup, where we will look for a short entry signal after the NR7 candlestick. A breakout occurred on the subsequent candlestick, allowing us to enter a short position here. Again, this trade resulted in a loss as the price eventually broke through the NR7 candlestick and triggered our stop loss. This happened when the price moved from below the 89-period simple moving average to above it.

We can see that the third NR7 setup occurred shortly after the price broke above the 89-period simple moving average. A long entry signal was triggered when the price subsequently broke above the high of the NR7 candlestick. We set the stop loss below the low of the NR7 candlestick. The exit will be triggered at the close of the sixth candlestick after the breakout candlestick. This can be seen in the shooting star candlestick pattern formed before the strong green candlestick.

The fourth NR7 candlestick setup appeared the day after the aforementioned strong green candlestick. Interestingly, the candlestick that broke above the high of this NR7 candlestick eventually formed an NR7 candlestick itself. However, we were already in a long trade at this point and would continue to hold the position until the exit signal appeared, and this trade eventually made a profit.

The last NR7 candlestick pattern is far above the 89-period simple moving average. We can see that the price broke upwards the next day, triggering our buy entry order. The exit will be triggered on the sixth candlestick (i.e., the sixth day) after the breakout candlestick. This is shown by the last green candlestick on this price chart.

Summary

You should now have a good understanding of volatility contraction and volatility expansion in the market. We have shown you three different candlestick patterns that can help you look for periods of consolidation in the market that may lead to short-term price trends.

There are many different ways to incorporate narrow range candlesticks into your trading. We have described some simple concepts for trading narrow range candlesticks in this article, which should serve as a good starting point for you to expand on these ideas and incorporate them into your overall trading plan.


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