Here you can see few examples of a Retests 📊 ⚫️ First example is a regular support and resistance retest. It occurs after price breaks this zones. Price then goes back to test previous support or resistance and this is usually good place to enter a trade. ⚫️ Second example is a supply and demand retest. ⚫️ Third example uses help of volume profile indicator....
The Double Exponential Moving Average (DEMA): Is It a Powerful Tool for Technical Analysis? Traders use various types of moving averages, including simple, weighted, linear-weighted, volume-weighted, and exponential. The uses are almost the same; however, they differ in terms of how they are calculated. This determines the frequency and accuracy of trading...
TGIF is a framework coined by Inner Circle Trader (ICT). It is a Friday setup most common in the New York session after all red news is reported. Throughout the week, SPX500's price was steadily growing. This is essential for the setup, as we want to short from the High under the expectation that the market won't close at or near its maximum price. On Friday,...
Introduction Candlestick charts are a cornerstone of forex trading, offering valuable insights into market dynamics. One key element of a candlestick is the size of its body, which provides crucial information about the strength of buyers and sellers. In this comprehensive article, we'll explore how the size of a candle's body reflects market sentiment,...
Hello everyone, Coming in with a new indicator that I will be releasing shortly (I will link it below). This is the Z-Score support and resistance indicator. It uses an anchored z-score (anchored to the period open price) to plot support and resistance levels. It will help you identify where a ticker is likely to reverse and the range in which a ticker is likely...
Chart Session... 🙌 Tune in to see what i will be trading for this Week! CHART TIME! Let's see what opportunities are showing 🙌 8 years of experience 🏌🏽📉 ❤️Please support by liking/boosting the stream, thank you!❤️
Crypto trading can be a rollercoaster ride, with prices jumping up and down. To help you make smarter trading choices, many traders turn to technical tools like the Relative Strength Index (RSI). In this article, we'll break down what RSI is, how it works, and how you can use it as a crypto trader, even if you're not a finance expert. What is RSI? RSI stands...
Hello, traders! In the ever-evolving world of cryptocurrency, we often encounter intriguing phenomena like the "volatility crush." 📊 🔍 What is a Volatility Crush? A volatility crush occurs when the price of an asset, in this case, Ethereum (ETH), experiences a significant reduction in its price volatility. It's like the storm clouds clearing after a turbulent...
In the world of forex trading, Myfxbook has become a popular platform for traders to share and analyze their trading results. However, as with any online platform, there is a risk of encountering fake or fraudulent accounts that mislead users. It is crucial to be able to spot these fake Myfxbook accounts to ensure credibility and make informed decisions when...
Using the ETH chart of the 2 minute prior to NY open, I try to determine what NY volatility will be so I can determine what stop sizes and target sizes are appropriate for the day. Using the ATR indicator, I make it cover my entire screen. I perform this calculation roughly 30 minutes before the open. Step 1: Mark the Low and High of the consolidation...
Hey Rich Friends, Here is my trading strategy in black and white. Nothing more, nothing less. Stop overthinking. Stop overtrading. Stop overleveraging. Focus on finding great setups that meet all confirmations and let the market do the rest. Indicators: 50 EMA (blue) 200 EMA (purple) Momentum (turn on price line) Stochastic (turn on price line) Bullish...
In the today's article, we will discuss the absolute basics of trading - 3 key principles of technical analysis. 1️⃣History Repeats History tends to repeat itself in the Forex market. Certain trends are cyclical and may reemerge in a predictable manner, certain key levels are respected again and again over time. Take a look at the example: Silver...
IOTA-USDT Analysis. Targets. Trading. Profit!
TL;DR Total Profit of approximately $900 (around +9%) for the 2nd week of August 2023. Total 9 trades, 8 wins & 1 loss. 1-hour Timeframe, Oanda, XAUUSD(Gold), $10,000 Capital, $200/ 2% per trade. Mechanical Consistency Trading Strategy; Purely rule-based strategy, zero guesswork, zero analysis. Disclaimer: I am not a financial advisor. The content for this...
In the dynamic world of forex trading, price gaps, often referred to simply as "gaps," are a phenomenon that can significantly impact market analysis and trading decisions. Understanding what gaps are, how they occur, and their implications is crucial for any forex trader. In this comprehensive article, we'll explore the concept of gaps in forex, provide...
Hello dear traders and investors community! The Divergence Cheat Sheet Divergence occurs when the price of an asset and an indicator, such as the Relative Strength Index (RSI), move in opposite directions. This pattern provides valuable insights into potential price reversals or changes in trends. Detecting Divergence Detecting divergence is crucial...
Chart Session... 🙌 Tune in to see what i will be trading for this Week! CHART TIME! Let's see what opportunities are showing 🙌 8 years of experience 🏌🏽📉 ❤️Please support by liking/boosting the stream, thank you!❤️
How does the interest rate affect the markets? We often hear in the news that the market is rising or falling after decisions or some statements by the Fed. We also often talk about the dollar index, so let's use simple words and with a cheat sheet at the end of the video, I'll show you how it works SP:SPX BITSTAMP:BTCUSD What is the FED The Federal...