Horizontal lines ar crucial to find the best stop levels, but they can give you much more information and also trading opportunities. Try to draw them in a right way and I am sure thay will help you.
Crazy bull run from INO, which was missed and partially screwed up.. I realized some profit, but well below my target.
Entered the market at 4.28 and jumped out at 5.13, while my target was around 8.45..
I should have followed the initial plan, i should't have jumped out, i could realize more.. now i would do this, i would do that, blablabla...
It's easy to...
Learning about market Pivot Points is powerful information as you can see in this 15 min Bitcoin session chart, the Pivot Points and their components (S1,R1,R2,R3, etc) are clearly respected by price action
I did a pretty extensive search for a diagram/drawing to better understand the formula for pivot points and I noticed there really are none...
This snapshot of...
Here we have 3 different timeframes open ( 1D, 1W and 1M ) On the same pairing EUR USD, each chart has the same trend line ( TL ) and same support level marked on them, You can see how important it is to put these level on your chart and keep them there because if you look at the 1W chart you can see that price respected our support line in 2003 then fast-forward...
As you can see from the chart we have used purple lines to show key support and resistance levels ( levels where price has bounced off in either direction ) Even after the market crash of 2008 the price eventually found key support and resistance levels that had been used years before.
The price respects these levels as thousands of traders will also be watching...
Video Nr. 1
I explain the quick principals of the Pitchfork and how we use it.
Parallel to the educational benefit, you get the analysis of the NQ and a good feeling, where we are in the whole big picture.
If you like to learn more about the Pitchforks and how they produce great trades, then here's how you can get your free course:
1. Klick the link at the...
The short answer: DONT.
I've decided to use EUR/GBP today as a prime example of when to sit on the sidelines and not risk a cent of your capital. As you can see, the past 7 weeks have been an absolute mess with price looking very indecisive and all over the place. This means that traders are not able to come to a consensus of whether they are bullish or bearish...
Hello Traders,
Here I am again with an interesting but extremely helpful lesson. I’ve given you plenty of time to go over Lesson 1 and Lesson 2. This lesson is going to be a little longer as I have tried to be as simple as possible in my explanation. So, let us get straight to it. Get a pen and a paper if you want to make notes. It’ll be helpful. I learned this...
Welcome to the first lesson from Lets Go Crypto! We aim to educate people who are struggling to understand indicators, and how to use them when it comes to trading. Hope this is helpful for all of you people out there, who are looking for some kind of lessons. If at the end, you do not understand or have any questions, feel free to ask in comments below.
Today,...
There are so many reasons why 90% of retail traders fail. One of the main reasons is because retail traders over trade. They fear missing an opportunity and because of this they think there is always an opportunity when in reality there isn't. As traders, it is our job to find high probable setups. Probable setups are limited though... so you need to have...
Way too many traders trade with very little capital and they do this because their brokers allow them to by offering them insane amounts of leverage. We really don't understand it because you would think that these brokers would want their clients to succeed in order to continue placing trades which yields the broker revenue from commissions and spreads. It is...
Today I received a question regarding what indicators or websites to use to infer and compare the strength between related currencies. I responded with a long winded explanation as to why it is not necessary to use indicators or websites to infer such information because it can be realized solely through price action. If we look at the daily range today on GBPUSD,...
