If you want to trade Gold, but you don't know what strategy to trade, I prepared for you the list of 4 simple and profitable gold trading strategies. Please, note that my list includes the indicator, swing, price action and smart money strategies, so you will certainly find the one that suites you. Also, all the strategies will be strictly structure...
Overview: Since the significant bottom in June 2020, Natural Gas embarked on a compelling journey, forming a fresh impulse that concluded around the highs of August 2022 as Wave I in the Cycle Degree. The subsequent phase witnessed a corrective move, labeled as Wave II on the weekly timeframe, comprising three subdivisions: ((A)), ((B)), and ((C)). The current...
What is TRADING PLAN ? A trading plan is a systematic method for identifying and trading securities that takes into consideration a number of variables including time, risk and the investor’s objectives. A trading plan can help traders and investors to achieve consistent results and avoid emotional or impulsive decisions. A trading plan should be written in a...
Hey traders, In this post, we will discuss 3 most popular types of charts. We will discuss the advantages and disadvantages of each one, and you will decide what type is the most appropriate for you. 📈Line Chart. Line chart is the most common chart applied by analysts. Reading financial articles in different news outlets, I noticed that most of the time the...
What is Platinum? Platinum is a chemical element with the symbol Pt and atomic number 78. It belongs to the noble metals group, which also includes palladium, rhodium, iridium, osmium, and ruthenium. Platinum is characterized by its high density, malleability, ductility, and resistance to corrosion. These unique properties make it an invaluable material for...
Today, we delve into the crucial market phases, focusing on the dynamics of accumulation and distribution, along with the concepts of BOS (Breakout of Structure), Sweep, Range, and Liquidity. Understanding these phases is essential for developing an informed trading strategy and improving trading decisions. The market goes through various phases, such as...
Took successful buys on gold after price broke resistance, waited for a pullback and entered anticipating price to move up with Asian volume. Looked to target a 4hr wickfill and stops were placed below the previous 30m candle.
I was reading another trading book today and much like watching the dumb money movie the other day, it prompted me to write another post. So, you may have heard the expression "the market is an Algorithm" whilst this is somewhat true, it's actually more a sequence, Ralph Elliott, Richard Wyckoff and Edward Jones knew this. In simple terms, the larger operators...
RSI, as conventionally understood, does not oscillate between 70-30. This idea explains the RSI behaviour during bear market phase.
RSI, as conventionally understood, does not oscillate between 70-30. This idea explains the RSI behaviour during bull market phase. Stay tuned for similar idea explaining RSI behaviour during bear market phase.
Basics of Elliott Wave Principles explained in the simplest possible way.
Video tutorial: • How to identify downtrend and uptrend line • How to draw parallel channel correctly • Confirming a change in trend (using trendline itself) • Managing positions with parallel lines - Profits - Risks - Knowing its volatility Micro Natural Gas Futures & Its Minimum Fluctuation 0.001 per MMBtu = $1.00 Code: MNG Disclaimer: • ...
hello guys... it is an educational post. i wanna teach you the crown pattern today, as you can see, I put the sample on the chart but i wrote a description for it too. the crown pattern has 6 waves, ABCDEFG, and then a reaction wave to this pattern, this is the rule for this pattern: AB=0.5XA BC=1.61AB DE=0.61CD DE=EF all the rules happened here! and then...
The global food and energy markets face growing uncertainty and volatility in the coming years due to converging factors that could lead to supply shortages, price spikes, and potential shocks. One concern is the impact of declining sunspot cycles on the climate. Scientists predict that a grand solar minimum could occur in the coming decades, causing global...
As a trader now of over 23 years, I have read a few hundred trading books in that time. It is always really interesting to have other people's perspective, strategies, hint, tips and tools. However, the main issue is not knowing if you are likely to get value from the book you purchase as it is also very subjective. You either have issues such as the book is too...
Whats up gold gang! .. price has closed above the monthly level .. 1000 pips ish in a week wow! thats crazy im expecting a small retracement before lifting off once more for gold this week .. the candle closed with no top wick, so a retrace is likely before more upside due to the ongoing conflict in Israel Ill be back later for the official outlook .. until...
The issue is everyone wants to make money (well, maybe not everyone) but nobody wants to take the time to learn how to do it properly. This is NOT a sales pitch by the way! it's FACT!! People often ask why I bash influencers so much, it's mainly for this reason. Majority of noobs, come into trading expecting to make a fortune. If only it was that easy, every...
After completing my weekend research/videos, I wanted to create something that provided an anchor for traders/investors. This video is not focused on the short-term market trends - although it does discuss what I expect to see play out over the next 12 to 24 months. This video is more about preparing traders/investors for the global events related to Central...