There are hundreds of different strategies to trade. Some of them are losing ones, some provide modest results and some strategies are very profitable. Novice traders often struggle to find the right strategy that suits their personality, financial goals and risk appetite. Unfortunately, they also tend to make some common mistakes that can undermine their...
How I trade the candles. There is more not mentioned in the video but for the most part these are the basic steps I take 1st before diving into look for more confluences to help me decide during a trade.
Today we’re going to be looking at three categories for strategy rules . This is very critical because the most important concept before we enter into a trade is to have it already pre-set in our mind where we’re going to enter and how we’re going to exit. It’s all got to be totally predetermined and you have to visualise your whole trade set-up, your trade...
Price bounced perfectly from our confluence support level and reached our target. But how did it happen? Join Desmond as he reviews how we managed to forecast the reversal with such a high degree of accuracy. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party...
THE 3 PHASES OF THE MARKET The market goes through 3 phases, these phases can be seen on all assets and on all time frames. They happen on repeat. These phases can be identified and market on your chart, to understand the true intentions of the market and also predict what will happen next. 1) CONTRACTION PHASE When price forms a LH and HL this is the...
In volatile markets, traders can benefit from large jumps in asset prices if they can be turned into opportunities. Gaps are areas on a chart where the price of a stock (or another financial instrument) moves sharply up or down, with little or no trading in between. As a result, the asset’s chart shows a gap in the normal price pattern. The enterprising trader can...
The head and shoulders pattern is a popular chart pattern used in technical analysis to predict potential reversals in price trends. It is named after its visual resemblance to a head and two shoulders. The pattern is typically formed after an uptrend and is considered a bearish reversal pattern. Here are the key characteristics of a head and shoulders...
A rising wedge in an up trend is usually considered a reversal pattern. This pattern is at the end of a bullish wave, by creating close price tops, shows us that the supply has intensified and there is a possibility of a trend change. Of course, nothing is certain and if the buyers are more willing and strong, this pattern may be broken in the direction of the...
The key is to count the waves correctly. Once we have an extension, we can use the Fibonacci tool to validate and set our entry traps. Enjoy.
✅In the world of forex trading, understanding patterns and trends can make all the difference between profit and loss. One popular pattern that traders often look out for is the double bottom, also known as the "W" pattern. ✅The double bottom pattern occurs when the price of a currency pair reaches a low point, bounces back up, dips again to the same level,...
In the world of technical analysis, a flag pattern is a technical analysis pattern that describes the price movement in a stock or other financial instrument. The flag pattern consists of a small rise followed by a long period of consolidation or trading range, resulting in a triangular or rectangle shape on the chart. It is considered a continuation pattern,...
WHAT IS AN ICT FAIR VALUE GAP? An ICT Fair Value Gap is a level in between candlestick that price inefficiently left open. These are little pockets of inefficienct levels that are left opened in other for price to later come back to those left out Gaps to be later filled up TYPES OF FAIR VALUE GAPS 1. Bullish Fair value Gaps : This gaps are also known as the...
In this section, we’re going to study one of the most straightforward continuation patterns that develop in the middle of a robust trading market. The flag price formation is similar to the wedge chart pattern, but the lines that encapsulate the flag structure don’t converge, but the support and resistance levels are parallel. The second significant difference is...
Welcome to the intriguing world of Forex, where currencies act at their own rhythm, sometimes defying expectations and confounding even the most experienced traders. In this article, we are going to unravel the “mysteries” surrounding the reactions of USDCHF and EURGBP to recent interest rate hikes. We will dive into the realms of market anticipation, monetary...
The realm of finance is replete with a plethora of phrases and terminology, and among the most prevalent is the notion of "smart money." This term commonly alludes to seasoned traders who possess access to a wealth of information and knowledge beyond the reach of novice traders or individual investors. Within the domain of cryptocurrency, the concept of smart...
Hello traders, today we will talk about Myths and Reality of Trading. As you may already be aware, there are a lot of misconceptions that new traders encounter before they begin their trading careers. The following interpretations of those statements are presented on the layout: 1) The majority of individuals believe that trading is simple and that they can...
Are you looking for a way to take advantage of short-term market movements without the stress of day trading? Look no further than swing trading. In this article, we’ll dive deep into the world of swing trading, exploring how it differs from day trading, discussing its advantages and disadvantages, and taking a look at some of the most popular swing trading tools...
Trading Strategies to Overcome Market Challenges It's time to turn the tables on the bear market and make a powerful impact. With a clear plan, risk management, and calculated trades, we can take control of our investments. Let's dive in and make a dent in the market! Post: 🔥 The bear market may have left a dent in our bags, but now it's our turn to make a dent...