✅ Confluence refers to any circumstance where you see multiple trade signals lining up on your charts and telling you to take a trade. Usually these are technical indicators, though sometimes they may be price patterns. It all depends on what you use to plan your trades. A lot of traders fill their charts with dozens of indicators for this reason. They want to...
Two Daggers Buy Pattern EXPLAINED This is a super powerful pattern for a buy. Especially if you are a value investor. What do you want to look for? 1. You must see TWO daggers to the downside. A dagger is an extremely abnormal drop in price with a HUGE volume. You want to see the first dagger, and then pray for the price to continue falling at a normal...
There is a -94% correlation on the weekly timeframe (also known as negative correlation) between Gold & the Japanese Yen. GOLD📉 = USDJPY📈 When one market moves up, there is a high probability the other market will move down. Knowing this allows you to mitigate your risks, by not opening similar positions in both markets.
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With trading, time is money. And every wasted moment is a missed opportunity. Every day you skip. Every high probability trade you miss on whatever market you’re trading. Even every loss you take according to your strategy, is one step closer you’re missing to success. I wrote about time wasting in the previous article. And I can’t stress enough how important...
Hello traders! 👋 How often has it happened to you that you watch a certain level and wait for its breakout, and when the price breaks this significant level, the price does not tend in the direction of the breakout? After a while, it goes back down, putting your balance at risk of heavy losses. Now let's talk about what a fake breakout is in the crypto market in...
✴️ WHAT DOES SMART MONEY DOING: ACCUMULATING OR DISTRIBUTING? SMT (Smart Money Technique) Divergence is the divergence of prices of correlated assets or the relationship to inversely correlated assets. Analyzing the SMT Divergence allows you to determine the institutional structure of the market to determine what the smart money is doing accumulating or...
The world’s financial environment has become incredibly tangled and multifaceted. The global availability of information to investors, particularly in rural areas, thanks to the internet, has caused investor sentiment to shift from an emotional response to an analysis and data-driven one. Inflation serves as a prime example of this. In the past, most individuals...
Future and option trading are popular investment strategies in the world of finance. Both involve making investments in financial instruments with the expectation of making a profit. While the two types of trading have their similarities, they are also quite different in terms of their structure and the risks involved. Before you start trading in the Future and...
Hey everyone, here are the lists that helps me separate between "go getters vs average joes" It is really important to find potential candidates/one candidate to help you in this rough journey of living the life to either make it as a full time hustle or side hustle. On my next posts, I will explain why each of these variables are important to have as day...
The Dow Theory is a financial concept based on a set of ideas from Charles H. Dow‘s writings. Fundamentally, it states that a notable change between bull and bear trend in a stock market will occur when index confirm it. The trend that is recognized is considered valid when there is strong evidence supporting it. The theory states that if two indicators move in...
At first, Liquidity may seem like an abstract and confusing concept reserved for only those Finance nerds and geeks to tackle. Turns out it's really not too sophisticated after all and can be though of in terms of Fomo. Fomo if you are not aware already is simply a concept related to chasing the market because of a Fear of missing out. Any action out of fear is...
You need to stop wasting precious time. I have had members who’ve been with me for 15 years and haven’t even taken a trade. I have written this article in a way that you can relate to the problems with traders wasting time. Ready? #1. Wait for Inspiration Trader A: “I just can’t trade today. I’m waiting for that magical moment when inspiration strikes!”...
The psychology of chart analysis is the ability to quickly find patterns and key levels on a chart. It is the ability to quickly switch timeframes and see the main trend. But traders often fall into the other side of the equation. They turn into hypnotized people who do not take their eyes off the magic of charts. The trader hypnotizes the chart and the chart...
There are two type of bubbles and they burst for different reasons? A bubble is when too many people hold something and what has driven prices up, now as a force works against them. There's a saying. Buy things when everyone is a skeptic. Sell when a taxi driver starts talking about investing. There are no more buyers left on top. First bubble is when volume...
1-Gold (XAU/USD) and AUD/USD: Gold prices often exhibit a positive correlation with the Australian dollar (AUD/USD). Australia is a major producer of gold, and the Australian dollar is sensitive to changes in gold prices. When gold prices rise, AUD/USD tends to appreciate, and when gold prices fall, AUD/USD tends to weaken. 2-Gold (XAU/USD) and USD Index (DXY):...
Lets look at the basic model of manipulation for the purpose of accumulation and distribution within separately taken time periods the power of three. Understanding this model is a fundamental skill for working through the methodology of trading disciplines such as swing, short-term and intraday trading. ✴️ WHAT IS THE POWER OF 3? The power of three is a...
In the intricate world of technical analysis (TA), Price Action Correlation Models stand out as a sophisticated strategy that leverages the interconnected movements of stocks within the same industry. This approach is underpinned by the premise that stocks in the same sector often move in tandem due to shared economic, market, and sector-specific factors. By...