The Node Squeeze Indicator is a robust tool designed to help traders identify significant market moves in advance. By leveraging a combination of Bollinger Bands, Keltner Channels, and the Squeeze Momentum Indicator (SMI), this indicator effectively highlights periods of low volatility followed by high volatility expansion. In this post, we'll explore the key...
I wasn't always profitable. I lost a lot of money when I first started trading forex. I don't remember how I got started learning forex. But I know I started when I was serving in the army. I borrowed books from the library, watched many YouTube videos on trading. I was very knowledgeable on technical analysis. I know the concepts so well I could vomit them out to...
o read a chart effectively, follow these steps: Choose a Timeframe: Select the timeframe that suits your trading or analysis goals. Common timeframes include minutes (e.g., 5 minutes, 15 minutes), hours (e.g., 1 hour, 4 hours), days (e.g., 1 day, 1 week), or months (e.g., 1 month, 3 months). Understand Candlesticks: Candlesticks represent price movements within...
So much to talk about in 1 chart! NYSE:KO , 5min At 3:15pm Friday, we finally broke value for the week, then month, and year, down to take out two VPOCs (weekly and daily). Great example of how price obeys #MarketWebs across timeframes!
Hey traders, In this post, we will discuss a classic candlestick pattern formation each trader must know - the engulfing candle. Key properties of this pattern: 🔑 Engulfing candle is a reversal pattern. 🔑 Engulfing candle can be bullish or bearish. ❗️Also, remember that this candle demonstrates the highest accuracy when it is formed on a key level (support or...
🔥 Do you ever feel the Fear of Missing Out (FOMO) when trading? 🔥 It's a common struggle, but fear not! In this post, I'll share five crucial points that have been instrumental in helping me gain control over my psychology throughout my trading journey. 😎 Embrace the Unpredictability: The market is a wild ride, and it can change direction in the blink...
📚Engulfing candles are an essential feature of technical analysis in forex trading. An engulfing pattern happens when a larger candle engulfs the entire body of the previous candle, signaling a potential reversal of the current trend. Engulfing candles, which can be either bullish or bearish, are trusted by many traders for their reliability in predicting future...
WHAT IS DOUBLE TOP PATTERN? A double top pattern is a bearish reversal chart pattern that is formed after an uptrend. This double top pattern is formed with two peaks above a support level which is also known as the neckline. The first peak is formed after a strong uptrend and then retraces back to the neckline. After reaching back to...
In this Weekly Review I breakdown my thought process for my first 4 trades of the week. The video was cut short due to a 20 Minutes max length for tradingview. I just learned about this since I am new to video analyses on tradingview. I will be uploading the Part 2 for my final (5th) trade of the week at some point this weekend. If you enjoyed the video, please...
♦️Navigating the world of forex trading can be both thrilling and challenging. While it may seem overwhelming to keep track of all the complex factors that affect currency movements, some key fundamentals can significantly impact forex markets. In this article, we will discuss three essential forex fundamentals: non-farm payrolls, interest rates, and central...
Build Back Better is a disaster for the economy. Banks are failing and Inflation is killing middle class America. The wealthy are above inflation rates in a top down economy where they receive their money before the full effect of inflation kicks in at the lower levels. "Trickle Down Economics". Non Farm Payrolls are down again marking a decisive trend. Fewer...
VPOCs act as magnets for the market. They are where price and volume were most active in the past and the market remembers these levels. Often price will reverse from tagging these levels. They're great for trade targets or for trade entries with limit orders.
Correlation is a popular method for using one asset as a beacon for predicting another. Virtually all assets are influenced in one way or another by commodities. You can see it yourself right now, when a stunning increase in the price of gold led to the growth of the AUD. Thereby demonstrating an almost 100% correlation between gold and the AUD. Examples of...
Speaker: Roman Osintsev. Active trader since 2016. He has extensive experience in trading on futures and shares of the US stock market. Professional scalper of the crypto futures market since 2019. Personal record: 1300% per month.
TradingView, being one of the leading charting platforms, boasts a vast and active community of more than 50 million users. One noteworthy feature that many users may be unaware of is the ability to display ideas shared by other users directly on their charts, without the need to navigate to the separate Ideas tab. This feature enhances convenience and streamlines...
EDUCATIONAL: MOMENTUM TRADING: THE POWER OF MULTIPLE TIMEFRAMES 🔹Introduction: Momentum trading is a tactic that makes money off the continuation of current trends in the volatile world of financial markets. Identifying assets that have entered overbought or oversold circumstances is a crucial component of this strategy. Trades can be executed on lower periods...
When I first started trading seven years ago, I had this idea that I didn't need a trading mentor. I felt that it was "cool" to be able to say "I learned trading on my own; I had no mentors", but is this necessarily a good thing? Should traders think like this? Are trading mentors any good? Let's talk about it.. Trading mentors are seasoned traders who provide...
Here's an example of a pitchfork drawn on the 2 weekly BNC:BLX chart, measured from the March 2020 low to the Nov 2021 high and completed at the Nov 2022 low, and then extended in direction and levels (up to 9 levels can be added). The chart above makes for a solid example of how pitchforks can be used to derive a trend or channel and find solid support and...