Hey here is Technical Patterns cheat sheet for traders. 🖨 Every trader must print this cheatsheet and keep it on the desk 👍 🖼 Printable picture below (Right click > Save Image As…) In finance, technical analysis is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume. Behavioral...
Continuation of previous text... . Traits of the best traders . The best ones are very independent. I haven't met anyone who relies on the opinions of others in making decisions, especially opinions published on forums on the Internet or in the press. There's a saying that Wall Street is the kind of place where people come in Rolls-Royce cars to listen to...
The consistency of investor behaviors stems from the fundamental aspects of human psychology, which remain largely unchanged over time. Achieving proficiency in investing requires not just a surface-level understanding of psychology, but a deep and nuanced comprehension that can only be acquired through years of observation and study. And you need work with your...
Hey guys! Do you agree with me?! It's easy to become charmed by the prospect of making rapid money in the financial markets, yet trading makes almost no one rich – in fact, many individuals lose money* If you like my graphics, please use Like button 💙💛 * 90% of traders losing money, only 10% get profits. Why? Here is 3 reasons: 1) Most traders Enter A...
Time is relative, you aren't late, you aren't early. When it comes to trading, you will only know after the fact. So by taking the guess work out of whether or not you are on time and just letting the market do what it has to do, all of sudden you can't be late or early I hope this helps
10 practical tips on how to have a profitable system to be a profitable trader Let's start with what is our ideal, when we see the signals from the system on the historical chart - SL and TP then our "ideal" would be to make an entry and get to the TP a little "in a mechanical way". That is, the way an automatic would do it. I will now give some tips that...
Published by Jack D. Schwager in 1989, "Market Wizards" marks the beginning of an indispensable series for traders and investors alike. Through engaging interviews, Schwager brings to light the experiences of titans such as Bruce Kovner, Richard Dennis, Paul Tudor Jones, Michael Steinhardt, Ed Seykota, Marty Schwartz, and Tom Baldwin, making learning from the best...
5 Indicators : LUXALGO a-Adaptive MACD b- MACD based price forcasting DGT: a-Price Action Support & resistance b- ˜Dual Supertrends REDKTRADER a-REDK EVEREX Narrative is in Arabic
👋 Hello, Forex traders! In a market situation, swap zones in trading are formed as a result of a change in market direction. When the trend changes, the price often returns to the previous support or resistance line. This is due to the fact that participants often use the lines as reference points for trading decisions. Swap zones can be used by traders to...
The USD/TRY has one of the highest Roll Over Interest out there should you choose to take on this highly volatile pair. It isn't so much that it is volatile, it has to do more with price just moves one direction, and that is up. The way we want to go is down (short) or at least sideways (ranging). Why is this interesting? It is because the Rollover Interest...
✴️ Harmonic patterns are prevalent in consolidation markets. These patterns can be used as additional confirmation to enter a trade. Today let's study the Butterfly Pattern. The Butterfly Pattern in trading is a 5-point trend reversal pattern, which consists of two corrections that form the shape of a butterfly. The pattern can be formed on any timeframe, but most...
Let's start today with an excerpt from an interview in which we cover the important topic "It is the trader who is profitable, not the system". You'll see with examples how results depend on what's going on in a trader's head, so you'll look at your own results from a distance and see that they may in your case depend on deeper things than you've so far thought,...
XAUUSD TRADE: I saw this trade on gold which I didn't later took due to personal reasons, I normally enter my trades using Smart Money Concept (SMC), where by i spot a break of structure from the previous market reaction and wait for some confluences like liquidity to occur then I select a nice indecision candle which aligns with my Fibonacci level of 70.50% or...
After testing four so-called "private trading signal" providers, I'd want to write out my ideas and attempt to be as straightforward and honest as possible, with basic questions and possible answers. Of course, everyone's experience may differ, but I feel there are more similarities than differences. As well, I do not see the signal providers as angels or demons,...
I'm not going to say very much, about this chart simply because this is not the place and anyone that makes even a little effort should be able to understand the story it tell. I know this technique doesn't exist elsewhere and there's not a more accurate, reliable, simpler or visually convincing alternative. We'll know soon enough if the rest of the story follows...
I decided to apply the Wall Street Cheat Sheet to a chart of the S&P 500 during the Dotcom crash. It is impressive that it still works and holds so many lessons. The question you should ask yourself is, where are we now? Let me know your thoughts in the comments below. ------------------------------------------------------------- Understanding the implications...
With the crypto market on a strong run since October of last year and with many dreamers hoping for 100x or even 1000x returns, we must be extremely cautious of scammers. In this article, I will explain one of the most common types of scams: Rug Pulls. The term "rug pull" in the cryptocurrency industry refers to the moment when the founding team abruptly...
This chart shows the market capitalization of all altcoins vs Ethereum, Bitcoin, and USDT. This will help you figure out where the money in crypto is going at any given time, so that you will have an informed decision on where to put your crypto in too.