✅ Confluence refers to any circumstance where you see multiple trade signals lining up on your charts and telling you to take a trade. Usually these are technical indicators, though sometimes they may be price patterns. It all depends on what you use to plan your trades. A lot of traders fill their charts with dozens of indicators for this reason. They want to...
this is a full on vid explaining how to spot and mark (HH)(HL)(LL)(LH) which they come to be a key part in setting directions on the chart and to know where will the trend go be sure to follow me for more of this content
My super simple 1m chart hyper scalping strategy that has been killing it for the last couple of weeks .. enjoy. Whats up gold gang .. thought id hop on here with a tutorial on how i trade my key levels on the 1 min chart. Firstly, this is a no bias strategy .. so we can take buys or sells depending how price reacts at the levels. High volume is a must here so...
So things are going to plan, so far, we saw the rally, the market failed to break yesterday's high. And price has followed the breakout pattern and returned back to the price line. A break through would put this move comfortably back in profit like I mentioned in my last update. These are all positives. But I can't help but thinking about the fact that I could...
Hi everybody! today we gonna focus on what is the mindset of a winning trader. what does he think and what differentiates him from a looser based on his way of thinking. We gonna check a non-exhaustive list of several quotes that may be interesting to know and remind. These quotes are all written on my notepad, I advice you to do the same: have a notepad with...
Hi, in this video, I revealed the best way to use signals given by me or any other analyst. watch it, drop your comments or your questions. and dont forget to share this video.
Think you are the master of discipline? Here's your potential way to make it big trading! Extremely straight forward is this RSI 14 , 30 minute chart strategy. When RSI goes to around 70+ it's time to short and aim for 10-15 pip When RSI goes to around 30 and below , it's time to long and aim for 10-15 pip. You can place your SL with 10 pip lower/higher and...
Gold and other precious metals such as silver, platinum and palladium have intrinsic value as solid physical assets with important industrial applications. They also have value due to their ability to store significant amounts of wealth in a fairly small space. As a result, many people hold gold to guard against inflationary pressures and to provide a medium of...
A cumulative flat or a consolidation zone is like a flat of a small width, up to 20-25 points (it is usually formed during the Pacific trading session, overtaken by the opening of the main sessions). For yourself, you can select a consolidation zone in the form of a rectangle, so the eye perceives the formation better. The entry point is either on the breakout of...
“All transactions leave indelible marks on the volume and price charts” A. Elder Understanding the market and finding profitable trades is the goal of any trader. Analysis of the relationship between price movement and vertical volumes dramatically increase the chances of reaching it. The volume element consists of actions of two people - seller and buyer. When...
These are strong levels, from which many large players enter the international currency exchange. This is the price range that central banks want. This information is not freely available, but it can be found using the technical forecasting method. It can be described as follows: Banks buy / sell currency on the international currency exchange not for the purpose...
USD Positive points: -Main reserve currency for global transactions -Currency of the strongest world economy - The most important currency in the world - Considered a safe investment Negative points: - Attempts to weaken the US dollar to combat the trade deficit. - Volatility due to information warfare against Fed countries that stop using US dollars for...
THESE ARE TWO THEORIES. THE FIRST IS ACCORIDNG TO WYCKOFF, THE SECONS IS THE DOW THEORY 1) Accumulation begins with the price stopping and the formation of support, followed by the end of sales, the opposite level is gradually formed - resistance and the price goes into a sideways movement. It has a name - Accumulative flat or consolidation. Dow says that...
Components of the most effective strategy Things are indicated that can reveal the maximum potential of your strategy, or change it a little so that you are successful. Theory Do you have enough knowledge base about the market, terminal, competition, nuances, technical and fundamental analysis, your own capabilities to feel quite comfortable in the...
WHICH TRADING STRATEGY TO CHOOSE There are many strategies, which in turn are divided into several groups. For traders, strategy is their bread. Each trader chooses it for himself depending on his lifestyle, risk tolerance, psychology. I will tell you about 5 MAJOR CATEGORIES according to which all strategies can be divided. The first is scalping - a popular...
Real world example of the three market phases Large sale of assets by speculators. Understatement of prices. The Broker's motivated team, different client departments begin to motivate their clients to buy an undervalued tool for forecasting the rise and earnings, therefore, in anticipation of the rise, consolidation begins The limit level for selling from...
Name The Pair Or Currency In Comment And I Will Do Full Technical Analysis For Top 10 Mentioned Pairs Or Coins
Hey tradomaniacs, ever since I`m in this business I see posts about "Profit in pips" and how important allegedly pips are. I can tell you... this is non-sense unless you trade the same PAIR with exact the SAME Risk-Reward over and over again! In this post, I want to clarify and show you that it is absolutley senseless to count the profit in pips as it says...