Author: TVL

3 SOP In Trading

TVL

Standard Operating Procedure (SOP) 1: Fibonacci and Pyramid method 

You can utilize the Fibonacci retracement tool to strategically set buy positions by incorporating the Pyramid method. This approach involves placing multiple buy orders at key Fibonacci levels, gradually increasing or decreasing the size of each position, depending on your strategy. For example, you might set smaller buy orders at higher retracement levels (e.g., 0.1%) and larger ones as the price retraces deeper (e.g., 0.2%, 0.3%, 0.4%), creating a pyramid-like distribution of your trades. This method helps optimize your entry points and manage risk effectively by aligning with potential support levels in the market. Here’s an example for better clarity:

The Fibonacci retracement tool can also be effectively utilized in bearish markets. In such cases, you simply invert the Fibonacci levels to align with the downward trend. This allows you to identify potential resistance levels where the price might retrace before continuing its descent. For example, in a bearish scenario, the retracement levels (e.g., 23.6%, 38.2%, 50%, 61.8%) are flipped upside down, helping you strategically place sell positions or plan exits. Here’s an example to illustrate this approach:

The Fibonacci retracement tool can also be used to strategically position your take profit (TP) levels. By flipping the Fibonacci upside down—just as you would when identifying sell opportunities in a bearish market—you can determine potential price targets where the trend might reverse or slow down. These flipped Fibonacci levels (e.g., 23.6%, 38.2%, 50%, 61.8%) provide a clear framework for setting TP points that align with key resistance zones. Here are some examples to demonstrate this approach:

Both images illustrate examples of potential Take Profit (TP) areas when utilizing the Fibonacci retracement tool. The first image demonstrates TP levels for buying positions, where the Fibonacci levels are aligned with an upward trend, marking possible resistance points to exit trades. The second image, on the other hand, showcases TP levels for selling positions, where the Fibonacci is flipped to correspond with a downward trend, identifying potential support points where profits can be locked in. These visual examples provide clear guidance for strategically setting your exit points in both bullish and bearish markets.

Standard Operating Procedure (SOP) 2: Sideways/The Ping Pong method 

The Sideways SOP, or what I like to call “The Ping Pong Method,” is a simple strategy for trading when the market is moving sideways (stuck in a range). The idea is to follow the basic trading rule:

“Buy at the bottom and sell at the top.”

I call it “The Ping Pong Method” because, just like a ping pong ball bouncing back and forth, the market moves up and down between a top (resistance) and a bottom (support). Your goal is to buy when the price is near the bottom of the range and sell when it gets close to the top. This method works well in sideways markets because the price keeps bouncing between these levels, making it easier to predict and trade. You can use indicators to define where the top (the premium) and the bottom (the discount).

Here’s an example of this Ping Pong method:

Standard Operating Procedure (SOP) 3: Wait

If the market is trending downward, you have two options: either stay on the sidelines or wait for the price to drop further and buy at the Discount Level—a point where the market is likely to reverse and start moving upward. The concept can be summarized as:

“Market goes down, picks you up, and goes up.”

It’s important to note that you shouldn’t rush to buy or sell immediately. Instead, place your orders in advance by queuing your position at strategic levels. This approach helps you avoid impulsive decisions and ensures that your entries align with key price zones for maximum potential gain.

The reason why the market usually goes up after the market goes down is because of two reasons:

  • Everything that goes down will have to go up and vice versa
  • When the market sharply goes down, people who putted their stop lost (something like a take profit but will stop your losts if the market goes down if you had a buy position) at that area with get liquidated and the candle with have a long wick, like in this example:

My Coding Journey

TVL

This story is about how i started coding and how i started a game called “SkyBright Journey”. At this moment i am still working on the game and and adding features, before i tell you how i started “SkyBright Journey” let’s go back a few years ago when i first started coding.

How i started with coding

When i first started coding it was fun i could make games, clones of popular websites (Youtube, Facebook, Tiktok) and at the time i thought coding was easy until i got errors, missing code, code that couldn’t be used and accidentally deleting the wrong code needing to restart, that was when i started to get frustrated, sad and angry but now i think it will just slow me down and will make me want to quit and i did quit a lot of games and it end up in the trash bin in the past.

At the time i was still using HTML, CSS, Javascript. Then when i found out about python i thought it would be as hard or harder than Java but because the programming language had some English words it was easier to understand and i got less errors.

Then one day i came across a tutorial about making a platformer game with python and pygame, i didn’t know what was pygame and got curious so i click the video and that’s when i found out about pygame which is a free, open-source Python library that helps developers create multimedia applications and video games, in short it’s the platform you use to show the python code and does the hard stuff for you.

The very first game i made with pygame and python was a simple space doge game where you just have to doge asteroids and it was pretty simple though i did run into some errors i manage to make the game in 3-4 days which to me is quite quick and that’s how i started with coding and python.

Now that you know roughly how i started, i’ll tell you how i started on the game “SkyBright Journey”.

“SkyBright Journey” and how it started

The idea of “SkyBright Journey” was actually from a youtube python tutorial made by “Tech With Tim”.

Where in the video he made a python tutorial of making a platformer game with pygame, after watching and completing the code i felt like this game could be better and my goal for this game was to make it to a simple platformer game to a full on adventure game.

The very first thing i did was make a list of features and ideas i have for the game (for example: Menu screen, New maps, etc) i like to write down my ideas for games to not make the process messy so when you are making the game or just finished it and you got an idea for the game it will be hard to put it in because you have to find where to put that piece of code in like maybe a 300-400 long code which might mess up the entire code.

Speaking of messing your entire code it is very very important to make a backup version of your main code because if you mess up the main code you can always go to your backup version of your main code and copy that then paste it in your main code so you don’t have restart the whole project.

This also helps you to not be too worried about messing up and it lowers the chances of you giving up on the project because you lost all of your code.

After writing all of my ideas and features i want to put in the game i started to think about the storyline and name of the game, i prefer to think about the storyline first then name because the name of the story is dependent on the story line like if you called a cute, calming farming game “Little Nightmares” it would just sound weird and not fit with the whole game itself.

After writing the storyline, name and ideas i have for the game i started on the code itself, now i won’t tell you how to do the code you will have to make that path on your own but you can practice with tutorial about the coding language you are using right now.

The Storyline of “SkyBright Journey”

In a peaceful world where there are 5 Sky Shards (Sky Shards are pieces of a star that fell a long time ago) Earth, Water, Wind, Fire and Light.) Keeping the world at peace but after 563 years of being safe in the hands of their keepers, a trickster stole the 5 Sky Shards making corps rot, forests start catching on fire, earthquakes starts, tsunamis sink islands and tornados leave houses and farms demolished.

The whole world was in chaos till you a brave adventure sets off to find and bring back the 5 Sky Shards, after packing and saying goodbye to your friends and family you set off but on the way you meet a girl who wants to join you on the quest of finding and bringing back the 5 Sky Shards though you aren’t really sure if you should let her go with you since it would be a dangerous journey after the girl started to follow you around and begging you to bring her you finally give in let let her join.

The girl introduces herself as Pippin and says that she actually knows where the Sky Shards like the back of her hand. After Pippin gives you a map she made of where the Sky Shards are, when you ask her how she knows this she replies that her father was one of the keepers of the Sky Shards (keepers of the Sky Shards are people or beings that protect the Sky Shards).

After getting the Earth Shard from a boobie traped temple, you and Pippin rest at a nearby village. The next day the village chief learns about your adventure to get back the 5 Sky Shards and he gives you food and a sword to you and Pippin for the journey, after saying you and Pippin say our thanks and goodbyes we set off to get the next Sky Shard.

The Water Shard: Guarded by the Water beast in a sunken temple

The Wind Shard: is at the top of a tall mountain and you have to climb the mountain to the very top to get the Wind which is on a cloud

The Fire Shard: is in a boiling hot volcano that the you must jump over the lava to get the Fire Shard

The Light Shard: the most hardest out of all of the shards is the Light shard this you have to walk through a hot desert but the shard is actually in the temple you see at the beginning of the desert and if you take down the picture of the Light goddess in the temple you will see the Light shard behind it.

After getting all of the shards you and Pippin rest for the night but in the middle of the night you are awoken by a sound and you see Pippin stealing the Shards, you confront Pippin asking her why she is betrayed you but she just laughs saying that you were a fool you trust her and reveals that she actually the person who stole the Sky Shards and hid them.

Pippin runs away with. the 5 Sky Shards and you run after her, you jump over obstacles and when you finally catch up to Pippin she summons the Shadow Shard that was a Shard everyone dislike and soon became an outcast so it teamed up with Pippin to get revenge.

When Pippin summons the Shadow Shard it becomes a human and starts fighting you, after defeating the Shadow Shard you catch Pippin and get back the 5 Sky Shards, you come back with not only the 5 Sky Shards but the person who stole them.

You come back as a hero and you even get a meeting with the king, you leave with a wiser mind that even the most kind, sweet and trustworthy people can stab you in the back, after you got back the 5 Sky Shard the world comes back to peace.

The End

what do animals used their teeth for and the difference with human

TVL

Today, I have learnt some thing about what do carnivore, herbivore and omnivore used their teeth for if you don’t know what is the three things I said so a carnivore is a animal that only eats meat a herbivore is a animal that only eats greens and a omnivore is a animal that eats meat and greens so a carnivores canine teeth are used to kill prey and tear the flesh of prey the incisions are used to bite the prey so that the prey cannot escape and the molars are used to grind up the bones and flesh of prey. Then there are herbivores the incisors are used to cut plants and molars are to grind plants. Finally are omnivores the incisors are used to cut food canine teeth are used to tear food and molars are used to grind food.

Your eating habits

TVL

Today, I have learnt some thing about the behaviours and consequences that interfere with food digestion for example: Talking while eating it can cause: choking. And other examples like: Eating and running, eating and jumping and eating too fast so when eating, avoid talking, running, jumping and don’t eat too fast, so as not to affect digestion.

The Digestion System

TVL

Today, i have learned some thing about the digestion system so when food goes into your mouth your teeth breaks it down. The tongue stirs the food so that it mixes with the saliva and turns it to a paste, making it easy to swallow. When we swallow food the food is pushed up the esophagus pushes food into the stomach. Gastric juice breaks down food into a thick paste. Then the mushy food comes to the small intestine. The small intestine breaks down food into smaller pieces, and the nutrients in the food are absorbed. And finally the large intestine absorbs the water in the food, and the remaining residue forms faces, which are excreted through the anus.

What foods are high in fiber and the benefits.

TVL

Today, I have learned some thing about what kind of foods are high in fiber and the benefits so the foods high in fiber are: Fruits, fiber-rich fruits include: Apples, Bananas, Mango, Guavas, Strawberry and Raspberry Nexts is: Vegetable, generally the darker the veggies the higher the the fiber for example: Carrots, Beet/Beetroot and Broccoli. Nexts is: Beans&legumes all beans are fiber-paked: Garbanzo, Kidney, Navy, White, Pinto, Edamame and Lentils. Nexts is: Nuts, Pistachios, Pumpkin seeds, Sunflower seeds and almonds. Then there are the benefits so the benefits are: Relieve constipation, reduce the risk of a heart attack,reduce the risk of type 2 diabetes, reduce the risk of certain cancer, help with weight management, increase oral health, increase gut health& impove our microbiome and impove mentel health.