The DXY, though primarily impacting foreign exchange (forex) markets, casts a long shadow across various asset classes, including cryptocurrencies. Here's how a strong dollar (rising DXY) and a weak dollar (falling DXY) can influence these markets: Foreign Investment in Crypto: A strong dollar can make cryptocurrency investments less attractive to foreign...
The Uncertainty and Probability in Trading In a world where uncertainty reigns and the future is always unknown, trading becomes a realm where probability plays a crucial role. Throughout history, no one has been able to predict the future of financial markets with complete accuracy. This uncertainty is inseparable from trading, as we can never fully anticipate...
By harmonizing the waves of market psychology with the fundamentals of economic reality,we can unlock the rhythm of the market.. riding the waves of opportunity while navigating the currents of uncertainty... so elliot gives u insight into market psychology in a booming market and deep understanding of economic realities keeps u well grounded. harmonizing both of...
IF your an advanced trader and good at charting, you likely won't find this information useful. In the future, I'll have more educational posts that go in depth, but this one is for the newbies. STEP 1 - Find your gaps (circled in blue) ONLY MARK GAPS THAT HAVE YET TO CLOSE STEP 2 - MARK your GAPS with a Horizontal Line (alt + h) STEP 3 - DUPLICATE your...
I am developing this 3 stage manual trading strategy model based on trend trading and break and re-tests for 1:1 trades with TP set equidistant to the SL.
Worldwide, 90days, search trend in Google for bitcoin (red arrows). Orange arrows represent " bitcoin use case ", ie the educated investor? It shows you the mainstream peak euphoria, enthusiasm or fear , usually at market extremes? Highest search volume coincides with trade volume. Other indicator for "hype" would be bitcoin hashtag in twitter/X....
OANDA:XAUUSD The main purpose of gold nowadays is to create a so-called "gold reserve" to preserve the purchasing power of owner's wealth in challenging situations in the world, such as wars, economic recessions or even coups. Let's ask ourselves a question. Has gold ever been worthless ? If we'd look back in history, the beginning of using gold dates back...
I recommend to stop trading who loses too much. Instead you can run AI trading bot in OKX platform. My referral okx.com 1) Choose Future DCA Martingale 2) Go to AI strategy tab 3) Choose ETHFI/USDT perpetual (with other pairs you should put big amount, but with like ETHFI, TON you can only put around 30 coins) 4) Choose Mid-term moderate bullish (Short-term...
Hello Fellow traders! Welcome to another bite sized Mini series on forex! I hope that these info can open up your interest in forex trading and understand more about forex market! Trading in the forex market offers various opportunities for investors to capitalize on currency price movements and profit from exchange rate fluctuations. One of the most common...
...one of the secrets of why the best are the best HOW TO DEAL WITH INTERNAL CONFLICTS THAT BLOCK SUCCESS AND TAKE MONEY AWAY FROM TRADERS? For professional traders, a key element in their success is their state of mind, the so-called "zona" first described by Mark Douglas in his book "Trading in the Zone." It took quite a while to understand two key things -...
the euro is looking to clear the previous higher high to make way for a run to 1.08336, for that to occur the EURUSD pair should close above 1.07790 n reject it from above however is the dollar gains momentum the EURUSD pair will be looking to clear the lower high created this morning of 1.07689 to clear the 1.07445 and test 1.07270 for the remainder of the week
In this video, I set up a trading plan and introduce a trend line exercise you can practice in any market and in any time frame. There is no one right way to draw a trend line, it's a matter of function and what you are trying to see. We will be drawing a trend line off two relative (same size swings). This will identify the footprints of organized volatility on a...
This is a short HOW-TO on using the Trade-o-Scope "Highlight Intervals" indicator
Below, we explain why and how we entered the market. On the 30-minute timeframe, we identified an engulfing candle, marking it as a Point of Interest (POI). With a refined risk of just 1 pip, we patiently awaited price to retrace to this level, anticipating a high probability bounce to the upside.. We observed the price returning to our Point of Interest...
Hello Traders, here we go again! Let me cover a little bit more on the next topic in this mini series, the various currencies that are involved and a little descriptions about them! Let's begin! In the vast realm of forex trading, understanding the intricacies of currency pairs is fundamental to success. As a Full-time forex trader with years of live experience,...
Hello Fellow Traders! Here's the next installation for you on Forex , a bite sized mini series! Enjoy! The Forex market, also known as the foreign exchange market, is the largest and most liquid financial market in the world. Its size and liquidity are unparalleled, dwarfing all other financial markets in terms of daily trading volume and accessibility. With an...
Let's start with the fact that Pivot points are quite an old tool and have been used for a long time. The difference is that in the early days traders had to build Pivot points themselves, but today there are indicators that build these points. ✴️ BASIC CONCEPTS Pivot points are key points of price chart reversal, i.e. the place from which the price chart is...
If you trade Gold with fix lot, I prepared for you a simple manual how to calculate the best lot size for your XAUUSD trading account. Step 1 Find at least the last 10 trades that you took on Gold. Step 2 Measure stop losses of all these trades in pips Step 3 Find the trade with the biggest stop loss In our example, the biggest stop loss...