WHAT IS A PIP?
The pips is the unit with which we measure the price movement of a pair.
Example: If the USD/MXN pair is used. If the dollar is worth 20.7 and rises to 20.8, it is said to rise to 1 cent but in FOREX it is not measured with cents, it is measured with pips.
The price of the USD/MXN chart has 3 extra decimal places 20.8 000 those 3 extra decimal...
Disclaimer: Not Financial Advice
Using The Volume Profile as a tool for my Nava Imbalance Strategy, I have made 99% ROI time and time again!
1. How I Use Volume Profile Tool
(From Last Major Swing To Present)
Blue Lines = Immediate Support/Resistance (Range)
- Best entry ZONES, Area to WAIT for BUY SETUPS
- Best to wait for price to pass sup/res lines and...
Q - How to find technically weak stocks?
A - Today we will do a technical analysis of identifying technically weak stock.
Example - Laurus Labs
Considerations - This analysis will require higher timeframe as it requires vision from a long term perspective
* Laurus had a dream run, it became a star studded portfolio stock during its dream run
*1st sign: where...
There are 2 types of edges in trading, a trading strategy edge and a trading psychology edge.
You need to have both to succeed.
This post will focus on how to develop your mental edge, which is the more important of the 2 types.
The process of developing a trading psychology edge is simple, but usually not easy.
Start trading
Identify your...
What Is Divergence?
Divergence is a trading phenomenon that offers reliable and high-quality information regarding trading signals. It refers to when an asset’s price moves in the opposite direction to the momentum indicators or oscillators. Commonly used indicators include the relative strength index (RSI), stochastic oscillator, Awesome Oscillator (AO), and...
Hi guys, This is @CRYPTOMOJO_TA One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Moving Average
A moving average is a technical indicator that combines price points of an instrument over a...
These two often signal a reversal where price bounces between the two of them. Hence after the w consolidates down bellow, it may go up.
How then to decide?
Put a buy limit and a sell limit on the consolidating lower time frame. What gets hit, you continue, what doesn't get hit, you close.
☑️WHAT IS THE RISING WEDGE PATTERN?
The rising (ascending) wedge pattern is a bearish chart pattern that signals a highly probable breakout to the downside. It’s the opposite of the falling (descending) wedge pattern (bullish). A rising wedge can be both a continuation and reversal pattern, although the former is more common and more efficient as it follows the...
This is a simple but useful trick for beginner traders.
If you want to add higher time frame indicators on the same chart, there is a small and absurdly simple way to do that, without any coding needed.
In the UP Right you have a 4 H chart with a 9 period Moving Average. And in the UP left side, you have a 1 hour chart with a 9 MA and a 36 MA, or 9x4=36.
So...
Connecting the low to a lower low and high to a higher low is how we can say something is trending.
Here usd jpn fits the criteria and is now in its phase one.
A candlestick chart reflects a given time period and provides information on the price's open, high, low, and close during that time. Each candlestick symbolizes a different period.
Here are the main 4 elements of a candlestick:
Body
The body is the major component of a candlestick, and it's easy to spot because it's usually large and colored.
Within the...
Hello everyone!
Today I want to discuss with you the methods of trend identification.
Finding a trend is an important task, because it is by trading according to the trend that you can earn a lot of money.
PATTERNS
Thanks to the patterns, you can understand where the price will go.
There are many patterns confirming the trend: flag, pennant, wedge, and so...
Two important factors that been driving Dollar prices in last several month as we all know is Federal Funds Rate and Inflation data like CPI.
In this week we have both of them coming out on Tuesday and Wednesday, now we want to see how it can affect the market.
Price usually tend to be at important resistive or supportive areas at the time of important news hit...
Watch for pull backs to the pivot point level. Next, use the parallel channel tool to determine entry points and exit points. In this example, connect two higher lows and one higher high to create a "potential" Parallel Channel. The intersection of the horizontal level and diagonal level with pin bar makes this special trade set up a high probability trade.
To trade successfully in the financial markets, it's important to consider five key factors:
The markets you choose to trade in.
The method you use to enter and exit trades
The money you use for risk management
The mind-set you bring to the process.
The miscellaneous rules and tools you use to increase your win rate and manage your drawdowns.
MARKETS
First,...
