what I am looking for is for a sell move, I believe that the price should go down before it goes above the 1600 level. entry point 618 level of the mini-trend. I'll take entry with good rejection confirmations. Tomorrow is NFP we can expect it to fall but let's see what will happen. Goodluck
"The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust." - Satoshi Nakamoto 1. Accepted Government Fiats (Majors): 10/10. Businesses are required by law to accept the country currency, and...
Hi everyone Today I'm traveling so can't really share a script because A) it's not coded B) I'm tired C) no inspiration today so instead, I'll be spreading a bit of wisdom (if I may call it like that) I see a lot of traders out there solely depending on two main signals to exit a position : 1) A signal in the opposite direction 2) A stop loss to exit a position...
This educational post shows how exploiting trends can deliver profits in the long term, by living for the big trends. This is a no-targets system that uses the ATR. Trend switches define entry positions and the markets decide exit positions. Scaling-in of position sizes is an advanced higher risk technique. Those lacking experience and with small account sizes...
In this educational idea I’ll cover the SMA cross strategy. I’ll will cover how it works, what my peripheral values are and how it can work for you. The Simple moving averages cross strategy is a strategy where you buy something on a buy-signal of the indicator and sell it on a target, for example if you had 5% profit. What is a moving average? A moving average...
The senario if we were to ever see another market crash as significant as 07
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Creating your own Trading Strategy "In finance, a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets".Whats your Trading Plan/Strategy? Some of the questions you need to ask yourself when creating your own strategy are as follows; How much time during...
In this screencast I present results of a scientific study carried out on day trading, in the Taiwan Stock exchange. I explore some volatile instruments that some day traders may get stung by. The results of the Taiwan study are shocking. Disbelief leads people to argue that 'that's in Taiwan - so what?'. However the results are informative of cognitive and...
Hello everyone, As I'm writing this, the market is currently in a downtrend, and there are many people trying to predict where the price might go. This is a very difficult thing to do and most end up completely wrong. In this idea, I'm going to share with you guys my method to buying during a drop in the market. ================================== What I've...
This is a sequel to our first post on risk management with trades we have actually executed and not using examples from past market data. In this chart, we show how seven trades would be executed and with said trades increase our profits while minimizing our risk. Closing our trades early protect us from any possible "flash crash" situations. You can have a 30%...
What is trend? Trend is the direction in which the market moves. An upward trend consist out of higher highs and an downward trend with lower lows. * Upward trend * Downward trend This is called the sideway market, which also is called trading range: This is an neutral trinagle, where we see lower highs and higher lows. At this markets it is...
Dear investor, Welcome to my blog, where i am trying to learn investing with technical analysis (TA). I will share my studies and investings ideas with you, so we can discuss with each other.. First off all i'll investigate a theoretical studie. After this i'll try the theoretical studie on cryptocurrencies. This blog is for everyone who wants to start investing,...
In this viog I spotted a set up and did not plan to trail. So, the money is on the floor and I take it. Greed and FOMO are not the ways to go. I share how I use some indicators and price movement to assess the situation before entry. I trade what I see, not what I hear. :)) The most important things in trading: 1. See 2. Assess 3. Calculate if risk is...
Hello Traders, A follower has asked for a simple TA on this pair so I have kept this as simple as I can. The two major features of the chart are the descending triangle on price. You can see with the Blue circles, we keep putting in the same or lower highs. The Yellow circles show us that we are putting in the same lows. When we have lower highs, and the...
Money makes money . It's an age-old saying, probably because it's generally true. But starting out as a retail trader can be daunting and at times, frustrating. It takes time to build up a sizable account big enough to allow us to take the leap from trading part time, to full time trading. Something that has kept me motivated over the years is an excel...
It's always refreshing to hear from some of the trading greats that have made a killing on the markets. Here are ten quotes that'll make you think twice: "Volatility is greatest at turning points, diminishing as a new trend becomes established." - George Soros Soros cemented his position as a trading legend when he banked billions by shorting the British...