How to understand when the global trend is starting to change? The issue of trend reversal is very acute at the moment, because we are witnessing a rather long fall and one of the longest corrections now. And to be precise, this is the second biggest correction. How to found out the moment has come and you need to urgently buy up everything so you do not cry...
Today I wanna show you my USDJPY perfect entry long position. The first setup Take Profit is hit but on the larger time frame we are aiming for much more. Have a good trading week everyone.
Sorry for the stuffy nose! Nonetheless, here I talk about qualities of a trade that help determine it as a winner. This is just a short version of what to look for, just to give some of the things to consider in the process. As a general statement, there are 2 things that make up a stock: technical factors (price behavior) & fundamental factors (financial...
This is the introduction to the video series here to grow the paper portfolio on TradingView in an attempt to beat the S&P500 in real time. The reasoning behind this is that it is usually difficult to start trading stocks especially because you don't know what you don't know. It generally takes a couple of years for a trader to make a whole bunch of mistakes,...
This is well beyond technical analysis - into the domain of human psychology. In this video I theorise on exploiting FOMO - which is psychological phenomenon - instead of just being a victim of it. I look briefly at Ehterium as well. An important thing for all markets is that the point of greatest fear is also the point of greatest opportunity. Please note...
It goes without saying that mentioning anything about crypto or Bitcoin could strike a nerve with most traders and investors. Learn more: readbtc.com
I realise it's easy to state after the fact, but BCH has produced a clear example of fibonacci entry and first target hit. I just missed my entry as I noticed this a little late, highlighting the difference between trading and TA. However, its impossible to miss the confluence with the entry, RSI moving above 30, divergence appearing on the EWO and the entry at...
So many people blame the unpredictable price moves on the whales. (As if the whales aren't investors, too). In lack of better words these people are blaming the unknown for their failure to understand the market's environment. Not to mention spending hours or days over-analyzing a fake rally that is 100% going to deflate So, Dogecoin Shill, what do I do to...
Ticker: COINBASE:LTCUSD Timeframe: 1D/2-3 years Quick LTC long term theory more for me to reference back to. Will also dabble with a long term bear theory even though it scares the living piss out of me. Short Term: Slightly Bearish Mid Term: Neutral Long Term: Bullish Af Current Market Sentiment: Tired of the FUD, Skiddish Bear
The relative strength index (RSI) is a momentum indicator. It is primary used to attempt to identify overbought and oversold conditions. It is considered overbought when the RSI indictor is above 70 and it is a sign to make a short, and oversold when is below 30 and it is a sign to make a long.
The exponential moving average may indicate an uptrend or a downtrend. It is a trend indicator. A bullish signal is generated when prices move above the EMA, so make a long. A bearish signal is generated when prices move below the EMA, make a short. The EMA works very well in long trends, however, does not work well in lateral movements or short periods and in...
ETHUSD formed a symmetrical triangle. It has two trend lines. One uptrend line is acting as support while the downtrend line is acting as resistance. Contains three highs lower and two lows higher. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. The symmetrical triangle can be continuation or...
EURUSD formed a falling wedge, both lines are downtrend. The angle of descent is steeper on the resistance line. The pattern form highs lower than previous and lows lower as well. After a few attempts, the prices finally break through resistance. To confirm the breakout, the price should close above the resistance line, if so, make a long. The profit target is...
GBPAUD formed an ascending triangle. We could see a horizontal upper line (that would be a resistance) and a lower uptrend line (that would be a support). Prices moves with equal highs, and lows higher than previous. Then after a few attempts, the prices finally break through resistance. The ascending triangle is a continuation pattern. Prices come from an...
I want to show with this example how the price in a lateral movement oscillate in ranges between supports and resistances lines. The target is the following, if the price bounces on a resistance, make a short until it reaches the support level. If it bounces on a support, make a long until it reaches the resistance. If the price breaks a resistance, make a long...
I don't see anyone talking about trading books so I'd like to share a few books that I read over the years and invite you to comment below with yours. Regardless of whether you are a novice or an experienced trader every book has something to teach and it is quality time to spend off the charts.
Here's a clear example of price structure: a few days ago the resistance level at 123.00 (tested multiple times in the past) has been broken and now it has been retested as support. Today's candle seems to confirm such level is holding as support but wait for candle closure.
Observe the chart for a moment, and you will see the support trendline. Now, price on the 4h candles has broken below this support trendline, but has never closed below it. After the first three points on the trendline, illustrated by the first 3 circles, the trendline was established as valid. (It generally is considered that 3 points are necessary for a...