🟢The main rule of using Moving Average is to track the general direction of the moving average: it indicates the dominant trend in the market. It is worth making deals only in the direction of this movement. Such a simple rule makes the moving average method a convenient tool for short-term forecasting. 🟢A universal tool in almost all markets is a simple...
The second part of TA Basics Pair FTM/USDTPERP Binance Timeline 30M and 4H Hollow candlesticks In this tutorial, with will explain the very basics of Technical analysis. Support & Resistance areas Fibonacci Retracement Ascending / Descending Triangles Good Luck CryptoHellas Team
1️⃣"When it is important enough, you do it even if the odds are not in your favor." 2️⃣"No, I don't ever give up. I'd have to be dead or completely incapacitated." 3️⃣"Persistance is very important. You should not give up unless you're forced to give up." 4️⃣"I think it is possible for ordinary people to choose to be extraordinary." 5️⃣"Don't confuse...
Hey traders, Depending on your actions, you can get 5 completely different results taking just one single trade. 1️⃣The first outcome is a small win. By a small win, I mean a winning trade producing up to 2.5% account growth. 2️⃣The opposite situation leads to a small loss. To me, a small loss is a losing trade producing up to -1% account...
To gain a grasp on options it is essential to understand profit/loss diagrams for the various options whilst also understanding why they display such diagrams. Understanding profit/loss diagrams can help you gain insight into arbitrage trading(which is beyond the scope of this post) and will help you hedge various types of positions. We will first discuss the...
🔴In all markets, there is a price at which a market participant is willing to buy an asset and a price that suits the seller. At the same time, traders intend to carry out a purchase and sale transaction only within the amount that is profitable for them. ⚠️In the foreign exchange market, the ask line is the cost of buying an asset or the price that is set by...
📏Pip is a measurement of the price change in a currency pair trading on the forex market. In most cases, pip is the equivalent to 1/100th of 1%. That rule is applicable to all the currency pairs quoted to the 4th decimal place like EURUSD. ➡️Current EURUSD price is 1.1696 6 is the 4th decimal place representing a pip. If the pair moves from 1.1696 to 1.1697,...
Hello, Traders! The basics of what it takes to be a successful trader are simple and obvious Yet daily, I see traders who fail at one or multiple KEY points that sink their performance and they keep losing accounts even though these people do have the understanding of the market that would have been sufficient enough for them to be profitable if they...
Hello, Traders! The basics of what it takes to be a successful trader are simple and obvious Yet daily, I see traders who fail at one or multiple KEY points that sink their performance and they keep losing accounts even though these people do have the understanding of the market that would have been sufficient enough for them to be profitable if they followed...
The tips that I am about to give you can completely change your results as a trader and it can help you to start becoming a PROFITABLE TRADER or if you already is a profitable trader it can help you to increase your "win rate". 1 - Never blindly trust in the Moving Averages or any other indicator that you have set in your chart, it only takes a big spike on...
Hello,Traders! Japanese Candlesticks are thought to have been invented by the Japanese rice traders And then made their way into the West where they were used for stocks, forex and commodity trading. Reading candlesticks is quite easy: the body represents an area that indicates the price distance between the open and close of the candle, while wick’s ends...
Lets me discuss basic human psychology. Most investors only want to invest when stocks are BOOMing and reaching an all time high! Does this sound like you? While most investors avoid stocks when they first begin or when they reach their lows. Some Rules of investing: 1) Buy when the stocks dips at appropriate levels & better yet at early stages - do your due...
"Countertrend trading" and "We are oversold" these sentences just sound so stupid, I have a hard time believing this is a thing. Here are a few of my finest comparisons: "I put a pillow on my face and practice suffocated breathing". "I compete in sprints with my legs tied together" Huh but why? "Well 2 legs have more power than 1 obviously duh silly" You keep...
Technical analysis basics. Identifying support and resistance zones, as well as using the stepped line chart to reduce noise and make isolating the zones easier. (note: it did not record my voice for whatever reason. Hopefully its still clear)
Hello, so first of all I mentionned in this idea what I think are the most important rules to keep in mind, and a guideline on how to build a system / a career: In this idea I would like to show what I think is the end goal, and how I would advice someone getting there. I saw a nice chart on the internet "How traders think versus How trading actually works", I...
Can you tell from the chart what the main 3 supports are? :) A- Horizontal lines. The price has a tendency to react to these lines... Every one knows about horizontal lines of support and resistance. These horizontal supports and resistances have to be drawn on swings high/low. Wicks or closes can be used... Here are a few examples: B- Diagonal lines...
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...
Education > Basic Candlestick Signals Chart > USDJPY > Non-Farm Payroll News Release > Friday, Oct. 6, 2017 - 8:30 A.M. Analysis in chart 1. Large body w/small wicks indicate strength 2. Larger the body w/smaller wicks indicate greater strength 3. Long wick w/body at opposite end of candle indicates shift in trend momentum 4. Wicks at both sides w/smaller body...