Mastering Fibonacci Retracement :Navigating Bitcoin's Volatility Navigating the volatile landscape of Bitcoin trading can be a daunting task for both novice and experienced traders alike. However, equipped with the right tools, traders can identify potential support and resistance levels, make informed decisions, and capitalize on market movements. One such...
The most important advice for traders.. how to deal with market expectations? The recent downturn in the market has investors wondering: Is this the beginning of a bear market or just a correction? But what investors really need to understand is that markets are inherently volatile Taking a long-term perspective and focusing on the things we can control is key...
You can find the indicators with the link below Indicators If you are in a 50% loss in the current bearish market, you probably did not choose the right point to enter or you got involved in the wrong hope that the price will return soon. So what should we do to avoid such losses? You should be familiar with market cycles 2 cycles that you are probably...
The Moving Average Convergence Divergence Oscillator , otherwise known as MACD, is one of the most powerful and dynamic indicators, if you can learn to use it properly. It is easily one of my personal favorite indicators, and one that I currently use when scalping and day trading. Now before we get into how the MACD works on a technical level, let’s first go...
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,...
Another example of: 1) Drop- Base- Rally 2) Rally-Base-Drop 3) Rally-Base-Rally 4) Drop-Base-Drop Supply and demand levels work the same in point and figure as they do in other styles of charts. Look for an area where trend reversed strongly. Your typical rally-base-drop or drop-base-rally would do just fine. You should look to buy or sell when you receive...
Price Structure There are four common structures that are used to identify supply & demand levels on forex charts: 1) Drop- Base- Rally 2) Rally-Base-Drop 3) Rally-Base-Rally 4) Drop-Base-Drop
We now know that supply and demand are fundamental driver of price. Now lets look it into simple context to better understand how supply exceeds demand.
Every sunday i watch all pairs, draw the strongest fresh supply & demand zones and set the alarm. But do i always take the trade when the price hit the zone?
Drawdowns on your account are part of trading but if you establish a trading plan then it will enable you to survive these losses and not wipe out your account.
There are three key principles that you should by all means know about and that can turn you into a winning trader.
Determining the strength of the fresh zones. Every time the trend changes direction, it is because of a change in the balance of supply and demand, but to use this to our advantage we need to know the likelihood of that imbalance being there the next time price returns to that zone. Supply and demand zones are similar to support and resistance lines in that...
Hi Traders, Please find below three basic trading strategy's that can be implemented to any market on a daily basis. I have only given out basic information on the ratio's and fibonacci's of the two strategy's, should you need anymore in depth information don't hesitate to contact me. ABCD Rules Of Engagement: 1. Point C must retrace to a 0.618 of the A...
Hi Traders, Please find below three basic trading strategy's that can be implemented to any market on a daily basis. I have only given out basic information on the ratio's and Fibonacci's of the three strategy's, should you need anymore in depth information don't hesitate to contact me. 2618 Rules Of Engagement: 1. Double top 2. Break & close below...
Hi Traders, After more positive feedback received from the Gartley & Bat Pattern explanation, I have drawn the final illustration explaining my interpretation of the Cypher Pattern For those who have not yet seen the explanation for the Gartley or Bat Pattern I have attach the link in the comment section below. Above Is an illustration of a complete Cypher...
Hi All, I recently have been asked to publish this diagram for executing a 2 target order. I have labeled the diagram with order sequence in a perfect world scenario. Steps below relate to numbers on chart I am not telling you this is how everyone does it and this is only based on the questions I have been asked, every strategy has its own order entries stops...
Hello, everyone. Welcome back to another edition of "thoughts about bat pattern". Today we'll continue discussing bat pattern types. We'll look at SNSI and SFSI types. They are very similar to HSNSI and HSFSI I talked in my last edition: As you see the difference is only in XA leg. With that being said let's skip to some statistics. As usual I will first remind...
Hey, traders. Welcome back to another edition of "thoughts about BAT pattern". Today we'll continue to discuss bat pattern types. We already know about Four types: HSNSP see it here: SNSP see it here: HSFSP see it here: SFSP see it here: These four have two common features. Their CD leg is not interrupted by a retracement more than 0,382AB and their...