If there is one huge wrong idea people usually have is that to profit, they must be the side of the majority of TRADERS. No, you DIDN'T. You must be by the side of the majority of the VOLUME. If you + 100 traders with your huge 10000 USD accounts are making buy pressure and only one whale with 2kk USD start shorting, you are rekt. You also should know that...
Currently, USD benefits from two forces that build up sentiment worth mentioning, the Peace Summit and the FED meeting. However, powers are already fainting. Buying power of both currencies is exceeding selling power, however in USDJPY (UJ) there can only be one the strongest. So here it may look JPY is being sold mainly but it's merely aiming down because in...
Dear friends! I’m going to start a new serie of posts where I would like to show you how different technical tools work in crypto markets. The main reason for this is: some of you think that the crypto markets are unique and the standard tools of Technical Analysis don’t work properly. Based on my experience I would like to say that any tools which are used for...
BITFINEX:BTCUSD BITMEX:XBTM18 TOPS AND BOTTOMS: Bitcoin Guru's always tend to be able to do them effectively without any mis-steps or errors. When they're wrong; you should have done your own analysis, & when they're right; you're a noob if you didnt take that call. So why not just trade the opposite of what they say? is it possible to aggregate market...
Dear friends, before my last education post, I have to say it has been a long time since I was very active. I have been busy and a bit unmotivated to post on TradingView. The place changed much, and very few times good strong analysts come up on top. People I look up to, analysts and traders with strong years of experience and good trading strategies are buried...
This is my third installment about Pivot Points. This Chapter is a simple discussion of estimating UPCOMING Pivots. The math is based on the ''Traditional'' Pivot calculation method. This process would apply to other Pivot styles as well. I have not found any existing Script/Indicator that looks to Next Period. So I am learning Pine Script to program my own...
What are Buy & Sell Limits, Buy & Sell Stops? When and where is the best place to use them?
Hello everyone! This is my second video and first educational video. It is about Fibonacci pivot points and how can someone use them in his trading. Enjoy
For those who already know or simply heard about Sinewave oscillator created by J.Ehlers out of Hilbert filter formulas... The PRO Sinewave indicator will stun you ! For those who don't, well you might be missing a very interesting market approach and I suggest you to google the two names above to eventually start tipping a toe into the beautiful cyclical world of...
1. The Elliott Wave Principle posits that collective investor psychology, or crowd psychology, moves between optimism and pessimism in natural sequences. These mood swings create patterns evidenced in the price movements of markets at every degree of trend or time scale. In Elliott's model, market prices alternate between an impulsive, or motive phase, and a...
The video idea is a great new feature that is currently being beta tested. It will be released to the community as soon as this test ends. I have been asked several times how to record a video idea and what its like. In this educational idea I explain how to do that using the Firefox browser. I hope its informative!
BTC is shown off-scale (black). All alts in % scale, starting from BTC last rock bottom.
Jobless claims indicator has been a reliable indicator of recessions. By examining a historical chart that goes back to 1960s we see a similar pattern in the behavior of claims and recessions. Every single recession the U.S. encountered in the underlying period was preceded by a rise in jobless claims. The chart above draws the quarterly jobless claims. The...
As many of you are aware, BTC will be implementing a protocol on August 1st entitled Bitcoin Improvement Proposal 148 (BIP 148). This proposed user activated soft fork, or UASF, will implement segregated witness, or SegWit (does every crypto term have an acronym?), and ease Bitcoin's scaling limitation. However, there are many nodes that do not support SegWit, and...
"I trade like I bath" - the words of a self-created guru trader who wanted to convince me to join his "Premium Group" a while back. Although by his very nature the gentleman was a scammer and made more money through "teaching", those words lead me on a path which to a greater level of certainty in my own trading and analysis. (By the time we had that interaction...
Just wanted to document how tracking the news should be an important part of EVERY trader's practice... Take for example, an hourly chart of this week's GBPUSD... In particular, notice how this week's MOST significant price action corresponds with two major speeches by UK officials. In the first instance, BoE governor Mark Carney delivered a "dovish" speech...
Some analysts use many indicators to help them for decisions making. Some are not. It depends how much experience they have in this field. When I was learning civil engineering, my lecturer told all his students to remember this rule. "We don't need calculators or portable computers to to calculate bending moment when we are on site, the foremen and labours will...
The head and shoulders formation is a classic sell setup that traders are familiar with. A close below the neck line is a sell signal for traders. Well, as you can see this was a signal of an economic downturn and it predicted it in the summer before the market crash in the fall. This would have alerted people to prepare for the impending doom and for traders to...