We looking at Fibonacci retracements to identify possibles supports and resistances levels.
Here we using only the Retracement tool
and fibonacci clusters running from diferentes low/high to identify strong supports zones
Harmonic Pattern as system is known for finding possible reversal zones and hence assist in swing trading. But, most effective way of using harmonic patterns is in trend following. This can yield really amazing results when played with proper risk management.
Conditions
In trending market
Established trend followed by pattern
Trade Settings
...
Hey Everyone,
We see too many new traders trade with random lot sizes with no understanding on the impact it has on account sizes, which result in not only losses but BLOWN accounts. This post is by no means a risk or money management strategy but more so just basics on the movement of reversals and how the lot sizes impact the value of your account during this...
Bitcoin has made a bullish divergence on the weekly rsi, meaning the price went lower while the rsi is making a higher high. Not only do we see a bullish divergence, the divergence is happening in a falling channel.
The only thing missing is a third confirmation of this bullish divergence. That confirmation can happen in 2 ways:
1: making a lower low on the...
FUN FACT: If you execute 100 trades you will on average likely lose on 60 or 70 of those.
The key to trading is managing those losses. The other 30 winners will take care of themselves.
That's THE hardest thing for most people to accept - losing more then they win.
If you can win that mental battle, and trade mechanically without emotion, you will be in the...
Head and Shoulders pattern
This lesson will cover the following
What is a “Head and Shoulders” formation?
How can it be confirmed?
How can it be traded?
The Head and Shoulders pattern forms after an uptrend, and if confirmed, marks a trend reversal. The opposite pattern, the Inverse Head and Shoulders, therefore forms after a downtrend and marks the end of...
Hello, my dear friends and happy New Year!
I wish you to be healthy and reach all your goals in trading and not only! Never give up on this difficult way which we are going to overcome together!
Today we have a very important topic. How to use Elliott waves instead of classical chart patterns. This is the natural exposure why the chart patterns are garbage. I...
Hello TradingView Family, this is Richard, and I want to wish you all a Happy New Year!
Here are the main pieces of advice I would give to myself when I first started. Let me know your thoughts...
📉 1- Stop searching for signals, fund management services.
You chose trading to be your own boss, don't insist on being a follower.
If 90% of traders lose money,...
The plan was to do a series of posts on popular chart patterns as well as advanced chart patterns we use in Camelot. We did this earlier in the year so we're sharing it again, also as a reminder for us to continue with this in the new year as a series of educational posts to help traders in their day to day trading. There are many ways to trade patterns,...
I need to make this educational post, because so many traders are focusing on wonder trading strategies, and they are forgetting about the money management, which is in my opinion, the real secret tool in maintaining a positive equity on long term.
The way trading is advertise, with 6 monitors and 10 indicators needed to take a decision, is just to impress...
Hey Everyone,
This is a repost for our newbies.
As promised alongside our analysis and reports we will also be posting basic educational posts to help newbies. Today we show you how to draw support and resistance levels the GoldViewFX way.
There are so many ways to draw and establish support and resistance levels. Typically this is an area where price...
amaging bulish banknifty day. It has broken all the dilemma in the market and gave a positive outcome. Hope people have made a great profit today. First half was decaying your premium but after 2 pm, it just burst out on the upper side and also broken the downtrend that was coming from 44000 rejection is finally broken.
