✅ The pattern has greater reliability when the open price of the engulfing candle is well above the close of the first candle, and when the close of the engulfing candle is well below the open of the first candle.
✅ The bullish engulfing candle signals reversal of a downtrend and indicates a rise in buying pressure when it appears at the bottom of a downtrend....
📈 To increase your chance of succeding in the financial markets as a trader you should understand what the market phases is and the logic behind this concept.
🔰 Accumulation - tipically accumulation is a range area where price forms equal highs and lows, from an institutional perspective we can see this zone as a clash between sellers and buyers usually after a...
Consistency Power
🔰 Don't focus on short term results when trading, it's a marathon not a sprint. You can't become elite traders overnight
🔰 Don't care about short term results and single trade outcome, only look at the weekly,monthly results as they are not random as daily results,a single trade means nothing dont be anxious and change something in your...
🧠 How to keep Mind Healthy ?
🎯 Don't go against the Markets
Always and always learn from your mistakes & try to never make that again.
🎯 Be Humble
Patient and resist the ilussion that you somehow possess the alchimist's stone of trading, head down and work hard, cocky attitude will ruin your trading career
How do you stay with a healthy mind in the markets ?
Three white soldiers is a bullish candlestick pattern that is used to predict the reversal of the current downtrend in a pricing chart. The pattern consists of three consecutive long-bodied candlesticks that open within the previous candle's real body and a close that exceeds the previous candle's high.
🎯 To identify the three white soldiers pattern, look for...
📍 Trading Styles
There are a lot of strategies and types of traders and investors in the financial markets, this doesn't mean you have to learn all of them. In my opinion you should try all trading types and then conclude which one suits more to your personality becuase there is no such thing as you HAVE TO trade intraday or swing or position, everything depends...
Going Full Margin
Risk management is the most important in this game because it keeps you alive, keeps your account fresh during bad market conditions.
Learn risk management first to understand how to protect your capital first of all and then learn a strategy
You have to know your risk numbers in terms of
• Risk per trade
• Daily Drawdown Limit
•...
🎯 WHAT IS BOS ?
BOS - break of strucuture. I will use market strucutre bullish or bearish to understand if the institutions are buying or selling a financial asset.
To spot a bullish/bearish market strucutre we should see a higher highs and higher lows and viceversa, to spot the continuation of the bullish market strucuture we should see bullish price action...
