Richard Ney spoke about think of the market like a warehouse, the owners of the warehouse CM (composite man) needs to fill the building with inventory, they need to sell some as they acquire more - issuing news releases of their grand launch. But their whole objective is to buy at the wholesale rate & sell at retail prices.
Think of this in a simple chronology...
I have recently recorded a video titled “Fear + Greed = Stupidity”
I would say that lack of patience is the number one problem of traders who have come to me for mentoring or education over the years doing this.
There is a term used in the industry known as the 90-90-90 rule;
90% of traders, lose 90% of their money in 90 days. Just think about that for a...
Over the last couple of Months, I have published some educational content here @TradingView and wanted to correlate them into one post as they now cover several pages.
Starting with some of the fundamentals and into more of the advanced topics;
EACH IMAGE IS A LINK TO THE ACTUAL POSTS
Starting with Psychology - one of the most important things to pick up on...
A typical candle will have an Open, High, Low, Close. You will see these referred to in some text, articles and indicators as O,H,L,C
Below is the structure of both a Bullish (Green) & Bearish (Red) Candle
The cycle shown below, is the action within a candle, think about this – the candle opens at say 100, it dips to 95 and starts gaining ground to 120, before...
If you are new to @TradingView
Or a new trader, there is a pretty useful feature called volume profiles - available with paid membership of Tradingview. This is a quick introduction to and not a full lesson on how to use, strategies or techniques (will post one if there is interest for that).
TradingView's own definition of Volume profile
Volume Profile is...
Here’s the basics of a MACD – I will say, I personally don’t use it, but I know it’s a popular indicator amongst newer traders.
What is a MACD?
A fairly straightforward indicator that calculates the difference between two exponential moving averages – of course this can be tweaked and modified but the standard settings seem to be 26 day and a 12 day.
Moving...
This simple idea is an intro to @TradingView & @PineCoders
Nothing fancy or complex, if you are already coding - you can skip this.
simple MA build walk through & adding a second MA.
If you want to get into coding, then here's the basic introduction.
FYI - I am not a coder, 21 years trading experience and know a bit about the instruments - but new to actual...
Trend lines are used in technical analysis to define an uptrend or downtrend. Traditionally, uptrend lines are made by drawing a straight line through a series of ascending higher troughs (lows). ... With downtrends, trend lines are formed by drawing a straight line through a series of descending lower highs.
In an uptrend, the “imaginary line” acts as support...
For those of you not familiar with Dow Theory. Here's a simple introduction. Nothing technical just a "welcome to" type of educational post.
Short History
Dow Has 6 Rules - these are known as the 6 Tenets
Dow is mostly known (most obvious - the Dow Jones Industrial Average)
Other tools and techniques can fit into the Dow Theory, such as Elliott and...
I have posted recently on Wyckoff, Elliott cycled, Gann education and covered psychology.
The Thing is - as a long time trader, you often see new comers and the assumption is more indicators, more stuff = better results. Take a step back and view this from 30,000 feet. You looking at finding an edge, an edge can be as simple as risk management and positioning...
As a trader of over 20 years, there has been a lot of trial and error. A lot of learning, it’s still continuing! I wanted to share some interesting pointers with the community;
People see charts really look deeper than that.
I regard a couple of men in trading terms as the “Greats” Would there be others you consider? Why?
Let’s start – the only order is the...
Going back to the 18th of March where we called the Buyers Climax top for Bitcoin's "Wyckoff" Distribution phase. We have had a lot of questions regarding the technique.
It's a very difficult one to put into only one post - but to understand Wyckoff methodology you need to first APPRECIATE what Wyckoff is about.
History
Richard Demille Wyckoff (November 2,...
After my last educational wyckoff post - I had a lot of comments, questions and so on.
The idea was to post the basics and show the concept - there has been a lot of the overlay, breakdown and other people jumping on this. It was a move we called on the 18th of March (see the "they blew up the rocket" post).
In terms of some simple education, Wyckoff is deep and...
This post is a little different, I have recently gone back into Trading Education and mentoring and wanted to ask what kind of post or info would the community like?
Here's a list of the recent editor picks; some educational content (each link you can click on to go through to the actual post)
1) Gann Fan Tutorial
2) Buying the Dips made simple
3) Simplified...
When doing fundamental analysis into a stock or in this case a coin – you need to appreciate, it is still a company after all. So, your fundamental analysis should include, taking a deep dive into the available information. You might want to review the project use case, the team, and the money the project has raised so far.
As you can’t really do technical...
Market Psychology simplified
Carrying on the Simsons theme - In the last couple of months, I have written several educational posts & have been lucky enough to see some being selected as "editor picks" After writing some more serious ones, I wanted to write some other posts to have a laugh.
I had some great comments, replies, and requests on the back of the...
So this post is a little different - it's not an analysis or really a tutorial. I am looking to see what the community sees as the strangest, craziest, most colourful, most interesting or pointless indicator, strategy or tool?
About 2 years ago I was shown a strategy/technique - I assumed it was complete rubbish, it talks about Lunar dates, cycles. Now although...
Elliott wave is a great tool to have in your arsenal - I have been asked more and more about it recently. So I wanted to share a simplified breakdown. Of course it can be complex and detailed, it also requires constant tweaking.
The Elliott Wave Principle posits that collective investor psychology, or crowd psychology, moves between optimism and pessimism in...
