This idea will be both educational and technical. First, we start with the educational part. If someone were to ask me what a liquidity grab (Stop Loss hunt) really is, I would show them this specific chart illustration. If we take a deep look at the Daily-timeframe graph, we might observe how the price has been able to tap above/below wick rejections and...
I recently released an indicator called the Cumulative Distribution Density of Dataset indicator. One of the main highlights of this indicator is its, at the time of writing, the only indicator available on Tradingview/Pinescript that assesses the degree of normality as well as the type of distribution of a ticker, index or economic variable. Before this, you...
The pivots show extremes Resistance R1, R2, R3, R4 and R5, Support S1, S2, S3, S4, and S5. This morning we were at R4 almost R5, and I closed the trade at S4. This style of trading means at most trading once or twice a day. High probability, high profit trading. All the rest of the noise in the middle is designed to cause people to overtrade. If you find you...
📱 Trading and Social Media: How They Impact the Market 📈 Modern technology and social media have revolutionized many aspects of life, including the world of finance and trading. Today, we will explore how social media and news influence market movements and why this is important for traders. 1. Publicity and Information Demand 🌐 Social media provides traders...
Blockchain Architecture Around how to realize decentralized trust, a blockchain can be divided into five layers from a technical point of view, which are the data layer, network layer, consensus layer, contract layer, and application layer, as shown in Figure 1. The data layer defines the blockchain’s underlying data structure, storage structure, and ledger...
Triangle patterns are powerful technical indicators that provide traders with valuable insights into potential market trends and price movements. Among the various types of triangle patterns, horizontal triangles, contracting triangles, and expanding triangles are widely recognized for their reliability and effectiveness. Horizontal triangles, also known as...
Do you know what the BEST trade is? The best trade is not a winner. The best trade is not a lucky streak. The best trade is not what you think… If you’ve followed your rules, strategy, criteria, risk management and taken the trade. That is the BEST you can do. Whether it wins or not, you have taken the BEST trade. Let’s dig in… Follow Your Rules Every...
There is a paradox to succeed when trading. And that is, we need to lose to win. We need to make sure though that our potential losses are ALWAYS less than our gains. I want to go through some of the reasons why losses are not only inevitable but also essential in the journey of successful trading. Reason #1. Losses are Inevitable Financial markets are...
First thing, it's actually triple-witching now. There used to be a 4th contract, but now there's only 3. 3 contracts expire on this day: Index futures (S&P, Dow) contracts Index options (i.e. SP:SPX ) contracts Stock options ( NASDAQ:AAPL NASDAQ:GOOG NASDAQ:NVDA etc) contracts Single stock futures contracts. They don't exist anymore. That's...
FOMO is the lost profit syndrome. Now it is especially common due to the popularity of smartphones and social networks. Many are simultaneously afraid of social isolation and worried about lost opportunities. A similar situation is possible in trading. As soon as traders see a bullish trend, they start opening trades and buying those assets that match their...
What is “repainting”? Why is it important that the script you use does not do it? Repainting, generally, is re-drawing or changing visual properties. In the context of technical analysis and charting, repainting means the change of historical data, such as signals and visual plots, with the flow of time. Historical results, generated by scripts which repaint,...
Twitter Hashtags: 1. # 2. # 3. # 4. # 5. # 6. # Embarking on the exhilarating journey of day trading in forex and gold can be both thrilling and challenging, especially for newcomers. In this comprehensive guide, we'll provide straightforward recommendations to help newbie day traders navigate these dynamic markets. Drawing from the wisdom of experienced...
Hi, traders! Today I would like to talk about how we can accumulate our coins with algo trading. What is a Buy the deep bot? The BTD bot is your go-to tool for buying more coins at lower prices during market dips, helping you grow your coin collection and profit when the market rebounds. And now, with the newly improved BTD, starting your bot is as easy as...
Hey traders! We hope you find these trading advices helpful! If you appreciate our ideas, give us a quick 💜💜 Top 50 Trading Advices 1. Risk Management is Key: Always define your risk before entering a trade. Use stop-loss orders to limit potential losses and protect your capital. 2. Stay Informed: Keep up with financial news and events that can impact...
I wanted to do a fun and, yet, educational post, and a topic that kind of intrigued me was discussing why you… yes, YOU.. should learn at least some Pinescript. So, I wanted to talk about the top 10 reasons why you should learn Pinescript if you are an active day or swing trader, or even if you’re just an investor. But first, let me preface this with my personal...
Who is the market maker? The market makers are the entities that are responsible for providing liquidity to the market, and they make money by taking the opposite side of your trade. When you open a position in the financial markets, you are essentially playing a game of poker with the market makers. Just like in poker, the market makers are trying to predict...
In the world of the forex market, having a trading edge can make all the difference between success and failure. A trading edge refers to a set of unique advantages or strategies that give us an increased probability of making profitable trades. It is the secret weapon that separates the winners from the losers in the highly competitive trading arena. In this...
In this guide, you’ll learn about all the different tools that are available to you on the chart. Specifically, we’ll be looking at the toolbars that are located at the top, bottom, left and right of the chart: To summarize the chart above, the breakdown looks like this: Top toolbar: Chart tools Left-side toolbar: Drawing tools Right-side toolbar:...