A set of equations AB=C A=C C=B(AB) A=B+C can be used to create waves that can be applied to every high and low or trend cycle. Combining these waves with Japanese Patterns can help to create more accurate TP and exit points. Some tips for better results include using the nearest Japanese/Japsian number if the numbers are shy of the main Japanese Number. For...
Accumulative Swing Index: Definition and How to Use It While many traders opt for moving averages to decipher market movements, some prefer the Accumulative Swing Index. This tool helps traders gauge trends at-a-glance and offers some fairly versatile setups. In this article, we will unpack its intricacies, from its foundational formulas to practical...
Hello traders, today we will talk about patience Patience is the key to the best trades. #Plan your trade. #Do your research. #Wait for the perfect entry And many more but only patience will allow this process to unfold. It's crucial to develop patience as a crypto trader. It's simple to fall for the hype surrounding quick earnings and instant delight....
A Beautiful Visualization how Previous Volumetric Block Orders and Liquidity Grab Candles (highlighted in Blue & Red) acts as Strong Support and Resistance Levels now in case price passes the current Volumetric Block Order it will go next. How to play around this! 101 lesson: NEVER make trade decision inside Volumetric Block Orders since it ONLY! belong to...
In a Day Chart Gold is Moving in a Bullish Rectangle. An Up Trend Line Help us either Market will continue to move within rectangle or Breakout the rectangle above the trend line.
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...