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 -...
You can find many websites, even free books of Elliot Waves Theory. But if you read it by on eye, can understand its kind of shamanistic predictions. law of the universe - from small to big, law of complication and development. To build waves, should start from max. minimum time frame -1 min. than 1 min group in 5-15 min, than to 30 min, 30 min group to 1 hour,...
Hope this educational content will help you make a better use of the indicators. Remember that these rules are just ground rules. Positions sizes and stops positionning will depend on your own risk profile. This is up to you to find your comfort zone on these parameters. Indicators used in this video are : PRO Sinewave & PRO Momentum Don't forget to hit the...
github.com " We have started labeling the claims of block rewards, as they are the most obvious transactions between t and z addresses, and found that these transaction take up over 87% (98K transactions) of all transactions from a t-address to a z-address. This trend has been decreasing, as for the last 10K blocks this ratio is only 80% (4500...
This is a great example of the 1-2-3-Breakout pattern on Bitcoin using the Daily chart. This pattern can be applied to any equity. Chart patterns represent human behavior and that is a constant among all asset classes. Point 1 - The First Test - The New High Price reaches a new high and pulls back when investors take profits. Price falls. Point 2 - Second...
The idea of a derivative is powerful and especially useful in trading. We often don't care so much what the price is, but how it moves. For that reason the velocity, acceleration, and rarely the jerk of price is valuable information. There are a lot of numerical issues with taking time derivatives of price, the biggest of which, in my eyes, is that all transforms...
How do you trade when important news are scheduled to come out? Do you fall in A or B case or do you usually go with any of 1, 2 or 3 approaches?
HI Guys I share today simple ABC setup By Elliot wave and showed you live Example Hope you'll like it and please don't forget to click like button Trade with Care :)
In this chart I graph the Aussie dollar in an alternative way. I've hidden the bars and I'm only showing weekly ranges, daily closes and lines corresponding to key levels, both from the options expirations and from other key fundamental events, like the last rate cut in the Aussie and Brexit. The key take away is: people think in levels. People don't think in...
Way too many traders trade with very little capital and they do this because their brokers allow them to by offering them insane amounts of leverage. We really don't understand it because you would think that these brokers would want their clients to succeed in order to continue placing trades which yields the broker revenue from commissions and spreads. It is...
Today I received a question regarding what indicators or websites to use to infer and compare the strength between related currencies. I responded with a long winded explanation as to why it is not necessary to use indicators or websites to infer such information because it can be realized solely through price action. If we look at the daily range today on GBPUSD,...
Hi traders, here at Unique4xPro we are firm believers that price action trading is the way to go in these markets and for that reason we do not use any indicators. We base our trades solely on price action and we only trade in the direction of the overall trend to ensure that all of our trades are backed by the banks and institutions that are backing the direction...
There is an extremely famous psychology paper written by Daniel Kahneman and Amos Tversky named ‘Judgement Under Uncertainty: Heuristics and Biases’ (psiexp.ss.uci.edu) (Kahneman won a Nobel Peace Prize in 1992 for his work in the field, specifically on prospect theory) which explores the decision making process. As trading requires decisions to be made...