A quick post to share a story that happened less than 20 min ago.
I received feedback that a follower didn't want to buy the Algorithm Builder because he "tried it and it doesn't work on the Indian market"
11 minutes later (see screenshot below), using the exact same Strategy Builder along with the Backtest (that I'll introduce tomorrow), I made him...
Hope this idea will inspire some of you !
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Away from the action on BTC and the S&P500, I'm making big profits on hidden gems, like this UK stock. A classic TA inverse head and shoulders setup! Straight out of the dusty textbooks. Strong volume on the left shoulder and weak volume on the right shoulder, just as it should be. I bought just above the breakout line. The breakout is clean, retests to a perfect...
Well, there are three types of traders we can come across and all of them believe their method of trading yields them profits, be it using only indicators and price action (Technical analyst) or reacting to news whilst trading (fundamental analyst) or trading according to market sentiment (sentimental Analyst)!
In most circumstances we can only see that some...
I first published this chart set up via screen shots posted to twitter. Feb 23rd, 2019 See @golftothecore on twitter. This setup was posted just after the last giant narrow dogi with long wicks above and below (red dogi). I added the "slam down zone" on March 8th. Again, check the twitter. This chart set up was a word to the FOMO crowd ... Exercise due diligence...
As other pairs lag ,i thought it would be nice to do a rundown on the two pairs with similar incomplete wave counts.
As seen on both Gbpusd & gbpjpy
The extension moved to the wave 2 of the wave.
Similar formation both ending at wave 2.
S&P500 has enjoyed a strong upward move in 2019.
We see that it has continued to make higher highs and lower highs which is positive for the S&P500, yet we approach a trendline that was created by a sloping triple top which has held strong since October. Should the price penetrate this line, $2776, then we could see a continued move upwards for the...
FTSE 100 broke a major downtrend lend to the upside on January 30th 2019 and has continued to push higher. With Brexit looming over, it is a volatile time for the UK and Eurozone participants.
The recent fib extension indicates that the FTSE 100's move higher could continue to the 127.2% level, 7311, which can make further headway back to a full 100% retracement...
Bitcoin's recent surge upwards, which saw the 2019 trendline break, saw last week's trading stagnate.
With the surge, we can see a bullish flag pattern and as of Friday's session close, a small breakout had occurred.
This could mean that Bitcoin could continue to rise should it breakout further of the flag formation. This breakout also closed above a...
The week ahead looks positive for the EURO as Friday's close saw a Hammer Candlestick form on the support level generated from June 2017.
Near term, fib levels suggest that we will see some stalling or reversals between the 38.2% (1.1344) and 61.8% (1.1411) levels. Should we see price continue to rise opportunity lies ahead to run the course to the 100% level,...
This is my first technical and fundamental analysis of Binance Coin (BNB).
I also take the opportunity here to draw a parallel with another altcoin, TOMOCHAIN, not yet available directly on Trading View.
I have shown by vertical lines each Burn of BNB that occur every quarter since 10-18-2017, 6 Burns now reducing the total supply of BNB tokens by 5.41%. This...
The Judas swing term was named by ICT, he dubbed this swing concept and utilizes it upon the London Open. The idea is, the market makers will rally or sell price, normally just above or below the Asian session high or low (depending on institutional order flow bias) tricking buyers or sellers into the market to follow its direction. As the Judas swing high or low...
Hey tradomaniacs and becoming traders,
I love sharing my knowledge and wanna help everyone who is interested and trading. :-)
Check this "journal" and start to understand the market.
Most of us know how a trend works. BUT NOT WHY!
I hope this will help you out to understand and improves your abillity to indentify Trends.
Peace and happy...
Trading Major Markets 1 of 2
You've probably already learned a lot through trading Bitcoin.
Those skill-sets are super scalable.
Often am in too much of a hurry to cover other markets to have time to lay out stops and risk reward ratios - hoping that you're experienced enough to work them out for yourself when I miss doing them- which will be quite often in fast...
Chart shows the return on investment of Antminer S-series miners:
S1 (yellow): approx released July 2013, power consumption 2 kW/TH/s
S3 (purple): approx released June 2014, power consumption 0.71 kW/TH/s
S5 (orange): approx released December 2014, power consumption 0.51 kW/TH/s
S7 (green): approx released Aug 2015, power consumption 25 kW/TH/s
S9 (blue): approx...
What is trend?
Trend is the direction in which the market moves. An upward trend consist out of higher highs and an downward trend with lower lows.
* Upward trend
* Downward trend
This is called the sideway market, which also is called trading...
Division of analysis into two subcategories (fundamental and technical) seems to be a concept that has not profound base under it. If you find standard definitions of these and compare them, you'll find that major difference is the subset of data which analysis rely on. For technical analysis - subset contains historic prices and volume data, for fundamental -...