Fixed Volume Range Profile (FVRP) is a powerful tool for crypto traders seeking deeper insights into market dynamics. It allows you to visualize price and volume data in a unique way, helping you make informed trading decisions. In this comprehensive guide, we'll walk you through the fundamentals of using Fixed Volume Range Profile for trading...
Welcome, traders! In this comprehensive guide, we'll explore a long-term trading strategy that leverages two powerful technical indicators: the Simple Moving Average (SMA) and the Relative Strength Index (RSI). By the end, you'll have a solid understanding of how to use these tools to identify trend reversals and make informed trading decisions with a focus on the...
In the today's post, we will discuss accurate bullish price action patterns that you can apply for trading any financial instrument.
1️⃣Bullish Flag Pattern
Such a pattern appears in a bullish trend after a completion of the bullish impulse. The flag represents a falling parallel channel. The market corrects itself within.
Bullish breakout of the...
Hey there, crypto enthusiasts! Let's take a closer look at the recent Bitcoin pump that didn't quite take off as expected. It turns out, we encountered a significant resistance level at the 0.5 Fibonacci retracement on the Fibonacci retracement tool. 📊💡
🌐 The Fibonacci Fascination: Before we delve into the recent action, let's touch on the golden tool of...
The Foundations of Solid Risk Management 🛡️📊:
Risk management in trading involves a series of strategic decisions aimed at minimizing potential losses. It revolves around understanding the risks associated with each trade and employing measures to mitigate them. Whether you're a novice or an experienced trader, risk management remains a non-negotiable aspect of...
In the today's article, we will discuss 4 classic yet profitable forex and gold trading strategies.
1️⃣Pullback Trading
Pullback trading is a trend-following strategy where you open the positions after pullbacks.
If the market is trading in a bullish trend, your goal as a pullback trader is to wait for a completion of a bullish impulse and then let the...
In the today's article, we will discuss the absolute basics of trading - 3 key principles of technical analysis.
1️⃣History Repeats
History tends to repeat itself in the Forex market.
Certain trends are cyclical and may reemerge in a predictable manner, certain key levels are respected again and again over time.
Take a look at the example:
Silver...
🕒 Big Timeframes: Imagine looking at a painting from a distance – that's the essence of big timeframes. Daily, weekly, and monthly charts offer a broader view of an asset's performance over extended periods. They help you identify long-term trends and major price movements.
📊 Small Timeframes: Now, picture examining a single brushstroke – that's small timeframes....
If you just started trading, you are probably wondering what time frames to trade. In the today's post, I will reveal the difference between mainstream time frames like daily, 4h, 1h, 15m.
Firstly, you should know that the selection of a time frame primarily depends on your goals in trading.
If you are interested in swing trading strategies, of...
In today's lesson I will explain the difference in consolidations.
Some of you are new to the market and are probably wondering what's happening exactly when it's not moving in price and when it's moving down more than up but would later return to the last price it was.
Well to best answer that question.
It's called consolidation:
It's a thing that happens...
Hello dear @TradingView community! Today let’s focus on how Poker game enhances trading excellence.
In the sports, athletes often engage in cross-training to prevent injuries and boost performance.
For instance, football players explore swimming and weight trainings, while runners embrace activities like hiking and cycling. But have you ever considered a form...
The picture above completely represents the real nature of trading:
We all came here because we all wanted easy money.
Being attracted by catchy ads, portraying the guys on lambos, wearing guccies and living fancy lives, we jump into the game with high hopes of doubling our tiny initial trading accounts.
However, the reality quickly kicks in and losing...
Most of the traders apply multiple time frame analysis completely wrong. In the today's article, we will discuss how to properly use it and how to build the correct thinking process with that trading approach.
The problem is that many traders start their analysis with lower time frames first. They build the opinion and the directional bias analyzing...
In the world of technical analysis, the Relative Strength Index (RSI) serves as a valuable tool for traders seeking to identify potential trend shifts and entry points. RSI divergence, a divergence between the RSI indicator and the price movement, is a powerful signal that can offer insights into upcoming price reversals. This article provides an in-depth...
In the realm of technical analysis, few tools capture the imagination of traders as effectively as Fibonacci retracements and extensions. Derived from the famous Fibonacci sequence, these levels offer insights into potential price reversals, extensions, and trend continuation points. In this article, we'll delve into the world of Fibonacci levels and explore how...
Psychological biases play a significant role in shaping trading decisions, and one such bias that demands scrutiny is confirmation bias.
Confirmation bias refers to the tendency of individuals to seek out, interpret, and emphasize information that supports their existing beliefs or preconceptions while ignoring contradictory evidence.
In the forex...
Deciding between a full-time job and full-time trading is a crucial career choice that many individuals grapple with. Both options offer potential financial benefits, but it is essential to thoroughly evaluate the income comparison and stability provided by each path. This article aims to provide an in-depth analysis of the income potential and stability...
What portion of your equity should you risk for your trading positions?
In the today's article, I will reveal the types of risks related to your position sizing.
Quick note: your risk per trade will be defined by the distance from your entry point to stop loss in pips and the lot size.
🟢Risking 1-2% of your trading account per trade will be...
