How to Double your Small ($250) Trading Account Trading Bitcoin I started a degen account with $250 and almost doubled it in 4 days making about 6 trades. This strategy is not Financial advice and I'm only illustrating what I have learnt trading this way. This is the first video in the series and I'll be continuing the series , updating you on progress, winners,...
The S&P 500 has frustrated traders for months as a tightening range punishes both bulls and bears. Picking levels in a market like this can be a huge challenge because prices keep revisiting the same spots as they narrow. It’s a bit like trench warfare, with armies battling futilely for weeks over a few yards of territory. But one basic technique has provided...
You should make sure that your reward is bigger than your risk. It is up to you what your optimal risk to reward should be – ideally you should have a risk to reward of 1:2 or 1:3. ✔️Trendline Reversal & Break The trader should constantly monitor both the support and resistance trendlines and redraw them as the old ones break and new ones form. When an...
This isn't an idea, this is just a beautifool picture. It can be zoomed. If you wold like to repeat, goto 1W TimeFrame, select Fibo tool and apply it to the last largest impulse candle. From its top to the bottom. I don't remember, with or without wicks. From the bottom to the top is a different idea. Then switch to 4h TF and enjoy this beauty. Merry Weekend! 🎅🎄❄
I created this video for my friends so they know how to use fibonacci retracement tool for shorting the market. Remember that market has to retrace before continuation, utilize that pull back for you to conquer your future. lol
This strategy will require you to be able to distinguish between the impulsive move and the retracement since we only apply the fib retracement tool to the impulsive move. What you do is just lay your fib from the body to the body (not the wicks) then identify the 50% retracement level. Now if you're an aggressive trader you can set a pending order or just...
In physics, when charged particles are fired at double slit, chances are they will leave 2 marks as they would go through 2 slits. Those waves of uncertainty crash into each other and interfere, merging and canceling each other out just like any other waves. Then, when an electron's wave hits the back screen, the particle finally has to decide where to land....
Price pulled back to pivot point level 0.67. Price retraced 50%. Pin Bar candlestick formed at 50% retracement. Open Price and Close Price is "near" 50% retracement level as well at the pivot point level. Candlestick wick protrudes through the pivot point level and retracement level. This is an ideal condition to enter a trade position using pivot point...
Hello guys! Take a look at how smoothly the market respects the Golden Zone on Fibonacci retracement levels. The Golden Zone or Golden Ratio is the area between 50% and 61.8% on retracement levels, which acts as a strong support zone. After an impulse, on the correction the price usually gets rejected by this zone and it continues its previous trend. However, if...
see the reaction and change in the direction as soon it touches the major levels of the Fibonacci retracement .
Welcome to the coffee shop everybody once again. This is your host and baristo Eric and I have a number of strategies to put up for you but I realized that you guys are going to need some help with that. In a few of my previous videos you have seen me using my Fibonacci Retracement tool but the question always arises why does mine look different than yours. So I...
Do you find yourself drawing too many levels on your charts? Do you struggle to know which levels that actually matter for trading decisions? Do you wonder why price moves straight through some key levels and not others? This video will show you how to analyse a stock using Multi-Timeframe Analysis techniques to find the key levels that actually matter for...
Rsi is a very powerful with charts , we use this in hand with other technical tools
‼️ Forex traders use Fibonacci retracements to pinpoint where to place orders for market entry, taking profits and stop-loss orders. Fibonacci levels are commonly used in forex trading to identify and trade off support and resistance levels. After a significant price movement up or down, the new support and resistance levels are often at or near these trend lines...
Hey traders, In this video, I will teach you how to apply Fibonacci channel. We will discuss theory first. Then, I will show you how to apply that on a real market example. ❤️Please, support this video with like and comment!❤️
Opening a position without setting a stop loss is a big mistake and it can be disastrous when buying the dip ! Here, we show a tempting setup to open a long position in rectangle (1) . It is of course OK to go long in this setup in the hope of catching possible up coming up going wave shown in green. But without setting a stop loss? Not at all ! Followings are...
Hi traders, today we want to explain why market structure analysis is as important as a good entry signal strategy. Note: For this article, we differentiate the entry signal from the market structure analysis. In some cases, the entry signal considers also the market structure but in these cases, we could easily split the set of rules into rules to define the...
Hi EW Fans, added some interesting and helpful Fibonacci Numbers in Terms of Elliott Wave from an old Sheet i have found in the Web. You need to switch your Chart and your Fibonacci Tool to Log-Scale. Greetings