Indicator MFI — model Incorporating technical indicators into your trading system requires a clear understanding of their fundamental principles. An innovative solution developed by Gene Cuong and Avrum Sudak allows the use of volumetric data in metric analysis. The Cash Flow Index serves as a graphical representation of the "cash ratio", requiring a...
Chart patterns are visual representations of price movements on a stock chart that traders use to identify potential trends and reversals. These patterns can provide insights into the future direction of a stock's price. Here are some common chart patterns in the stock market: ★ Head and Shoulders ★ Head and Shoulders Top: This pattern consists of three peaks –...
Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT 1D chart) The key is whether it can receive support around 36426.87 and rise to the first resistance zone. This period of volatility will be around November 16 (November 15-17). If it fails...
Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- From the moment we start trading, a mental war of attrition begins. Even if you create a trading strategy in many cases before starting trading, the mental battle of attrition due to price...
In the today's post, we will discuss 3 types of analysis of a financial market. 🛠1 - Technical Analysis Technical analysis focuses on price action, key levels, technical indicators and technical tools for the assessment of a market sentiment. Pure technician thoroughly believes that the price chart reflects all the news, all the actions of big and small...
In this detailed education video i show how i mainly make a living as a protrader. This is from fading breakouts of chart patterns. I show three examples of this in the past week from the nasdaq and talk about confirmation bias. I also show what its like drawing lines and patterns daily, win/ loss ratios as well as some thoughts of where the nasdaq might go in the...
In this Knowledge Nugget, I have explained about our "Necklace" Pattern identification. Such stocks in making Necklace may give you 2X to 4X returns in shot span.
TRADING IS THE MOST REWARDING BUSINESS IN THE WORLD. But 99% of traders don't know how to win. 6 STEPS TO BECOME A TRADING SNIPER: 1. Develop A+ setups - Focus on low risk, high reward - Don't worry if you need time to execute - You don't need to catch every market's movement to be successful One setup is enough to kill in the trading arena. 2. Focus on...
This is an example of why candle closes are important when marking out a BOS which changed direction. Like here the low just got swept and went on to make another higher high. There is no real way to know if it is a BOS or a trap so it's best just wait and see if we get a candle close or in this case break the high. You could get a reaction on the lower timeframe...
Chart patterns are powerful tools that allow traders to anticipate market movements and make informed trading decisions. This trading idea focuses on mastering various price patterns to enhance trading proficiency. By gaining expertise in recognizing and interpreting chart patterns, traders can identify high-probability trade setups, optimize entry and exit...
Hi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 For the biggest part, I prefer to trade reactive rather than predictive. Chart patterns really come in handy with this...
Here is a diverse chart approach for trading that includes some tips: 📍 Use multiple timeframes: Analyzing charts at different timeframes (e.g., daily, weekly, monthly) can provide a broader perspective on market trends and potential trading opportunities. 📍 Combine chart types: Using different types of charts, such as line, bar, and candlestick charts, can...
Chart patterns are visual representations of a stock's price movement over time. These patterns can provide traders with information about the stock's trend, momentum, and potential future direction. Continuation and reversal patterns are two types of chart patterns that traders use to identify potential entry points. When considering entry points for both...
🟢 RISING THREE "Rising three methods" is a bullish continuation candlestick pattern that occurs in an uptrend and whose conclusion sees a resumption of that trend. This can be contrasted with a falling three method. The first bar of the pattern is a bullish candlestick with a large real body within a well-defined uptrend. 🟢 FALLING WEDGE The falling wedge...
Head and shoulder definition: A simple head and shoulders top formation is characterized by a peak representing the left shoulder, followed by a higher peak which is referred to as the head of the formation. A lower peak representing the right shoulder is found on the right‐hand side of the head. The head should be the highest peak in the formation. The...
In this video we try to make you understand the main objective of trading and accept very fast if you are wrong. saving your money (Not making a loss) is also a win for a trader. #nifty #priceaction #priceactiontrading #optionanalysis #banknifty #bankniftyprediction #nifty50 #niftytomorrow #niftyprediction #niftyanalysis #niftyfifty #niftytoday ...
In an uptrend, if a higher high is made but fails to carry through, and then prices drop below the previous high, then the trend is apt to reverse. The converse is true for down trends. This observation applies in any of the three trends; short-term, intermediate-term, or long-term. A 2B on a minor high or low will usually occur within one day or less of the time...
Chart patterns are visual representations of price action. Chart patterns can show trading ranges, swings, trends, and reversals in price action. The signal for buying and selling a chart pattern is usually a trend line breakout in one direction showing support or resistance is overcome at a key level. Stop losses are usually set on retracement back inside the...