Using a composite volume profile and setting the bars to significant lows in the last couple of years, you can see that the VPOCs (Volume Point of Control) are almost perfect. By using a hollow Composite Volume Profile in conjunction with a Solid Volume Profile, you can spot-check where low and high volume nodes are on different time-scale profiles. What does...
What to do with Doji? Beginning forex traders, having come across the candlestick pattern Doji, get lost and start making rash actions. They close and open positions, change stop-loss, etc. Naturally, such rush leads to losses. So how to be with doji, what to do when such a candlestick appears on the chart? What is Doji? A doji is a candlestick that has equal...
Today we take a look at how to put chart & candlestick pattern recognition tools onto your chart as well as set alerts for them so that you can notified each time one is present. Please hit that LIKE/BOOST button before you head out & if you have any questions, comments or ideas for my next Tradingview Basics video, PLEASE LEAVE THEM BELOW! Akil
The chart patterns delineated, particularly on the 30-minute timescale, offer unequivocal insights into the temporal dynamics of market movements. A common pitfall among retail investors, guided by the Japanese concept of "Chiri mo tsumoreba yama to naru" (even dust, when piled, becomes a mountain), is the misbelief that high-frequency intraday trading is a...
In the dynamic worlds of forex and gold trading, mastering the use of stop and limit orders is akin to wielding a double-edged sword. These orders offer traders a means to manage risk and lock in profits with precision. In this comprehensive article, we'll delve into the intricacies of stop and limit orders, explore their applications in both forex and gold...
Introduction: TradingView has gained widespread recognition as a versatile platform for traders and investors, offering a wide range of tools and features to analyze and trade financial markets. In this guide, we will dive into the core features that make TradingView a go-to choice for traders of all levels. User-Friendly Interface Intuitive Charting :...
As you assess the AUD/NZD chart, keep an eye out for significant order blocks and liquidity levels. These order blocks often represent areas where institutional or smart money traders have previously entered the market, and the liquidity sitting higher can be an attractive target for your trade. Here's a step-by-step approach: Identify Order Blocks: Look for...
Introduction: Forex trading is not just about analyzing charts and economic data; it's also about understanding and managing the psychological aspects of trading. In this comprehensive guide, we will explore the crucial role psychology plays in forex trading and provide strategies to help you develop a disciplined and resilient trading mindset. The Impact of...
Introduction: Risk management is the cornerstone of successful forex trading. Without a solid risk management strategy, even the most skilled traders can experience significant losses. In this comprehensive guide, we'll explore the importance of risk management in forex trading and provide practical strategies to help you protect and grow your capital. ...
Introduction: In forex trading, understanding price ranges and consolidation patterns is vital for identifying potential trading opportunities. Price ranges occur when the market is not experiencing significant upward or downward movements, and they are often a precursor to potential breakouts or reversals. In this educational guide, we will explore what price...
When considering a trade in the EUR/CHF pair, specifically targeting a retest of the volume area, it's crucial to employ a strategic approach. Here's how you can analyze the chart and make informed trading decisions: Identify the Volume Area: Start by identifying the volume area on the chart using the volume profile. This area represents a range where a...
I sorted out the principles of this long BTC trading strategy. This is a trading system with a high winning rate that I often use. It is very simple and practical. I will share it with you now, hoping to help you. As we all know, the risk of futures trading is very high. If you are a novice, then you are prone to failure. Liquidation and asset zeroing are common...
Looking at the daily timeframe, it was clear that the GBPUSD pair had a bearish bias. In light of this, our focus was on potential selling opportunities, and we identified two key areas for consideration: 1. The breaker area , which typically coincides with the 50% Fibonacci level (indicating equilibrium). 2. T he order block area , often found at the...
The Trend Estimator is an assembly of indicators customized into a strategy with floating PnL (mostly useful for the phone app) where each indicator can be selected as a separate strategy. Best results so far are on the 1 hour time frame using the Special Super Trend or the QQE Mod
Technical analysis is a crucial aspect of trading, allowing traders make decisions based on patterns and indicators in price charts. Two common patterns that traders often encounter are the triple top and the triple bottom . These patterns can provide valuable insights into potential trend reversals in the market. In this article, we'll explore what these...
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...
Risk management is one of the key topics in forex trading that is not emphasised enough. Instead, there is too much emphasis on solely focusing on being on the right side of the market to consistently make money while ignoring proper risk management in the process. This post will completely debunk this, so after you have finished reading, you will hopefully have a...
Good Afternoon everyone, I will show in depth order entries in this post, read the updates to see. This idea was formed last night around 10PM NY Time. I originally was hoping to trade up into the most recent Order Block (green path arrow) during the London session and end at the Terminus -4 around 8:00AM NY time. I then would've liked to see accumulations...