Bull markets are the epitome of investor optimism and economic growth, characterized by rising asset prices and increasing investor confidence. However, within every bull market, there lies a cyclical pattern composed of distinct phases: Discovery, Momentum, and Blow-off. Understanding these phases is crucial for investors to navigate the market efficiently and...
Basic Principles of Trading a Balanced Node
Rule 1: Unless the price breaks and holds Value High or Value Low we should expect buyers and sellers to maintain the current balance.
Rule 2: If we break and re-bid from Period Value High we should treat that level as supportive until it is reclaimed ( buy-side acceptance outside of balance)
Rule 3: If we...
While the basics seem straightforward, the intricacies of the market often trip up even the most knowledgeable individuals. Trading transcends a mere understanding of market dynamics; it requires a unique blend of pattern recognition, abstract thinking, and a mindset that combines personality traits, self-discipline, and a specific mental approach.
The...
In the world of trading, one of the most influential factors that can either make or break a trader is the mind. How often have we found ourselves saying, "I should have done this" or "I would have done that" after a trade has unfolded? Yet, when we were in the heat of the moment, those seemingly obvious solutions never crossed our minds. To overcome this common...
In derivatives trading, achieving success can lead to substantial profits, but it's crucial to trade carefully to avoid costly mistakes.
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Here are six simple and practical tips to help develop a strategy for successful futures trading.
1. Craft a Clear Trade Plan
Before jumping into the...
Triangle chart patterns offer valuable insights into market dynamics, symbolizing a clash between buyers and sellers within a contracting price range. These patterns are often classified as continuation or neutral patterns, suggesting that the price is likely to persist in its existing trend after the pattern concludes.
1. Symmetrical Triangle:
A ...
Embarking on the thrilling journey of trading? Gear up with these invaluable lessons to empower your trading expertise:
1. Knowledge Empowers: Embark on your trading journey equipped with knowledge as your most powerful weapon. Delve deep into the intricacies of the markets, understanding their nuances with precision. Grasp the ever-changing trends, and...
Have you ever considered using the Ichimoku Cloud, a powerful and versatile technical analysis tool that goes beyond traditional chart analysis?
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Discover the Ichimoku Cloud, technical analysis tool developed by Japanese journalist Goichi Hosoda in the late 1960s.
This method visually represents...
Greetings, esteemed members of the @TradingView and all Vesties out there!
The Pyramid of Trading Success, a conceptual model designed to guide you through the essential principles and steps for success in the dynamic trading world. This pyramid serves as a roadmap, helping you build a robust foundation and ascend to proficiency and profitability in your trading...
Introduction:
The World Reserve currency is a currency that is widely used in international trade and finance. It is held by central banks around the world as part of their foreign exchange reserves. The United States dollar (USD) has been the world reserve currency since the end of World War II.
In recent years, there has been growing interest in Bitcoin as a...
this is a full on vid explaining how to spot and mark (HH)(HL)(LL)(LH) which they come to be a key part in setting directions on the chart and to know where will the trend go be sure to follow me for more of this content
In trading, the risk/reward ratio stands as the beacon guiding every trader's decisions. But what exactly is this ratio, and how does it define your success in the market?
In this article we will describe how risk/reward ratio affects your trading performance.
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Understanding the Risk/Reward Ratio:
At its...
Hey traders!
RSI divergence, a key concept in technical analysis, occurs when the relative strength index (RSI) of an asset shows different patterns compared to its price movements.
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Bullish Divergence:
In a bullish divergence, the RSI indicates the asset is oversold, forming higher lows, while the price action...
Welcome to the world of Elliott Waves.
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Elliott Wave Theory revolves around three key elements:
Impulse waves (in the direction of the trend)
Corrective waves (against the trend)
Wave degrees
Impulse waves consist of five sub-waves, while corrective waves comprise three. These waves form cycles,...
📈 Unleash Your Trading Potential with These Proven Strategies! 🚀
Hello, Aspiring Traders!
Are you ready to embark on the exciting path to trading success? Trading isn't just about making profits; it's a disciplined business, an art form, and a psychological challenge. The keys to success are deceptively simple but often overlooked.
✨ Trading is NOT...
Euro Zone Economic News Explained:
Purchasing Managers Index Manufacturing:
The Purchasing Managers Manufacturing report is a survey of manufacturing providers in the Eurozone (EZ) and focuses in on issues such as costs and demand.
Essentially, a strong PMI, in which costs are low and demand is improving is bullish for the Euro, whereas a survey that results...
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The Relative Strength Index (RSI) is a powerful tool used in technical analysis to gauge the momentum and potential overbought or oversold conditions of an asset. Here's a breakdown of how it works:
Time Period and Calculation:
By default, the RSI measures...
Here you can see few examples of a Retests 📊
⚫️ First example is a regular support and resistance retest. It occurs after price breaks this zones. Price then goes back to test previous support or resistance and this is usually good place to enter a trade.
⚫️ Second example is a supply and demand retest.
⚫️ Third example uses help of volume profile indicator....
![BTCUSD: The Relative Strength Index Explained [RSI]](https://s3.tradingview.com/v/voUakrpF_mid.png "The Relative Strength Index Explained [RSI]")
