When it comes to trading, there are a few key things you need to keep in mind in order to be successful. In this blog post, we'll cover four important trade tips that focus on price action. By keeping these tips in mind, you'll be better equipped to make profitable trade decisions going forward. №1: Identifying the current market structure The first step to...
Hello TradingView traders, It is broadly acknowledged within the world of trading that a trader will either go long or short on an asset....
The 10-year Treasury bond yield is a critical indicator for the gold market. It is because this yield reflects the expected future interest rates and inflation rates in the economy. As a result, investors look to the 10-year yield to predict changes in the demand for gold. When the yield on the 10-year Treasury bond is low, it signals that the market expects low...
The US Dollar Index, commonly referred to as DXY, is a widely recognized and commonly used benchmark for measuring the performance of the US dollar against a basket of six other major currencies, namely the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. DXY is widely regarded as an essential tool for traders and investors...
Bitcoin halving is a significant event on the Bitcoin network every four years. During this event, the block reward that miners receive for verifying transactions and adding new blocks to the blockchain is reduced by 50%. This means that the rate of new Bitcoin creation slows down, and the total supply of Bitcoin approaches its maximum limit of 21...
Hello traders (and...
First:Making Plans Before trading every day, make a trading plan, so how to make a good plan? Take XAUUSD for example,If you mainly focus on short-term operations, focus on the key support and key resistance within the day, buy up at the support level, buy down at the resistance level, sell high and buy low, if you cannot accurately determine where the support...
The earth rotates every 24 hours/ Take any pivot on the hourly chart and count 24 bars/hours away to get a projection point of where the market can turn or speed up/slow down the momentum of the trend. use with confluence and u get can get great entries. play around with this on any asset and have fun! Just one of the many ways to "predict" the market/algo.
Crypto cards enable you to pay with cryptocurrency in stores and withdraw cash from almost any ATM worldwide. Additionally, each business that issues these cards offers a set of benefits for cardholders. What is a crypto card? If you own cryptocurrency, you've probably considered how to use it in everyday life. Currently, in order to convert Bitcoin into...
This example video will help you understand how I use my predictive SPY Cycle Patterns in combination with traditional TA (Fibonacci and others) to prepare/plan for GAPS, trends, and opportunities for trading through the week. I'm a strong believer that you don't need to trade every minor trend. Taking 2~4 good trades a week across one or two symbols is all that...
BINANCE:BTCUSD 1. Three-quarters of dealers rated themselves above average, which is consistent with results from other psychological studies of overconfidence. Statistically, only 50% should have rated themselves as above average without the effect of overconfidence. 2. Dealers also overestimate their professional success, an effect known as the...
Takashi Kotegawa also known as bedroom day trader Takashi Kotegawa was born on March 5, 1978, in Ichikawa, Chiba, Japan. In 2005, Takashi made millions through a single trade in J-Com Holdings after its IPO on the Tokyo Stock Exchange. That opportunity was thanks to an error committed by a trader at Mizuho Securities, who accidentally sold 610,000 shares at...
☑️WHAT IS A BULLISH ENGULFING CANDLE? The bullish engulfing candle appears at the bottom of a downtrend and indicates a surge in buying pressure. The bullish engulfing pattern often triggers a reversal in trend as more buyers enter the market to drive prices up further. The pattern involves two candles with the second candle completely engulfing the body of the...
Wrapping up from Part 1, I cover the example of taking 1/3rd profits and how that affects your risk in a potentially losing trade.
This is a deep dive into the concepts surrounding "Risk Management" and how to realistically model managing risk. We will discuss: Risk Units Scaling in to positions at a one third risk unit increments Raising stops Taking profits Closing/exiting the position.
Here is an example dual-chart setup for SPY daytraders. I set this up to help my followers understand how to perceive price action as we attempt to transition through the $405 SPY Support level. If my analysis is correct, we'll see a fairly strong reversion (upside) price trend as long as the $404~405 level holds. This chart includes a number of TradingView...
In the previous post , we began looking at the Income statement that the company publishes for each quarter and year. The report contains important information about different types of profits : gross profit, operating income, pretax income, and net income. Net income can serve both as a source of further investment in the business and as a source of dividend...
its quite obvious many traders would take a trade based on the orderblock they see but it shouldn't be like that there's order block confluence that needs to be confirmed CHECK THE CHART AND CONFIRM THEM 1) THE ORDER BLOCK MUST BREAK LIQUIDITY 2) THE ORDER BLOCK MUST BREAK STRUCTURE 3) THE ORDER BLOCK YOU ARE CONSIDERING MUST BE INSIDE THE ORIGINAL ORDERBLOCK...