According to statistics, 2/3 of those who try their hand at forex trading or another type of financial product trading ultimately quit up. Scientists have been researching financial industry failure rates for decades and have come to the conclusion that a beginner trader has a 10% probability of success.
Only the most dedicated and persistent people in the...
The Relative Strength Index is one of the most widely used tools in traders handset. The RSI is an oscillating indicator which shows when an asset might be overbought or oversold by comparing the magnitude of the assets recent gains to its recent losses. A common misconception is that the RSI draws a comparison between one security and another, but what it...
The BAT pattern gets its name from the bat-shaped end product. Identified by Scott Carney in 2001, the BAT pattern is made up of precise elements that identify PRZs.
The bat harmonic pattern follows different Fibonacci ratios. One of the major ways to differentiate it from a Cypher pattern is the B point which, if it doesn’t go above the 50 percent Fibonacci...
🔍Volumes are one of the most useful tools on the market, That gives the most objective information about the alignment of forces between buyers and sellers (with qualitative analysis, of course). It is necessary to learn how to correctly interpret volumes ( volume analysis) and the trader gets a powerful tool at his disposal. Add to this risk management and money...
🔍 DXY INDEX (USDX) displays the value of USD against a basket of six foreign currencies: EUR, JPY, GBP, CAD, SEK, CHF.
This index is calculated on the basis of the weighted average ratio of USD to six currencies.
➡️ EUR —> 57,6%
➡️ JPY —> 13,6%
➡️ GBP —> 11,9%
➡️ CAD —> 9,1%
➡️ SEK —> 4,2%
➡️ CHF —> 3,6%
➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
❗️...
Yesterday EU went Parabolic and didn't give anyone else a chance to get in at those prices.
So this morning price is FILLING IMBALANCES.
This chart illustrates this every day move in real time.
The Market goes up.
The Market goes down.
The Market goes sideways.
3 moves.
Price moves to fill
1. Imbalances
2. Liquidity
Our job is to identify these moves and...
What's going on traders!
Are you working full time? and trying to trade at the same time? Having difficulties trying to do both at the same time?
In this video I break down what I did when I was working full time and still trying to trade around a busy life.
There are 2 options - Trade very short term and get in and out of trades in a few hours OR swing trade....
Have you ever wondered, when is the best time to trade?
It all depends on what market structure is present at the current moment.
There are 3 different types of market structure:
1. Ranging
2. Trending
3. Indecisive
During a ranging market, prices can turn rapidly so taking profits quickly is crucial. Not optimal market conditions but can be traded if you don't...
What is a Retest?
Retests in the Forex market come in all shapes and sizes. They can come after a market breaks a key horizontal level of support or resistance or a breakout from a wedge pattern.
Market Dynamics of a Retest and Confirming Price Action
What is a Retest?
Retests in the Forex market come in all shapes and sizes. They can come after a market breaks a key horizontal level of support or resistance or a breakout from a wedge pattern.
Market Dynamics of a Retest and Confirming Price Action
(Review) Definition trend and change of trend ( Trend reversal)
EX:
Discussion:
Downtrend - Definition
A downtrend comprises a repeating sequence of:
1) A downward extension
2) A swing low
3) An upward pullback
4) A swing high
A downtrend ends when price breaks the swing high which leads to the lowest swing low of the trend
Uptrend - Definition
An uptrend...
Welcome Traders!
In today's trading episode, you will learn what the MACD is and how to use it to find trade setups. No indicator can predict market moves perfectly, but this is a good indicator to have in your arsenal when you trade.
Take time to practice what you learned in today's video.
Until next time, have fun, and trade confident :)
A pivot point is a technical indicator to identify trends and reversals in any market.
Pivot points are calculated to determine critical levels in which the price could find its support and continues in the same direction or change from bullish to bearish, and vice-versa.
We can use Pivot points to find
entry,
stops,
and profit-taking by trying to determine...
Hello guys,
trading it not just about taking winners. Losing trades are also part of the business and there is no point denying it. In my trading career, I took hundreds of losers (maybe even thousands) and I feel no shame in that.
Today, I would like to talk about a recent losing trade which I had on USD/JPY.
Let me first talk about the logic behind this trade...
Hi traders, wish you a happy and prosperous New Year.
In the last EDU post, we touched on the main factors that move currencies in the short, medium, and long run. Professional traders follow these influences to determine what currencies to buy and sell.
However, each trader has its own time horizon, so following long-term market determinants if you want to hold...
