Definition; "A rude and unscrupulous person". Many-o-moons ago I used to believe trading was a team sport (I know, how naive of me) but that's because I joined some supply and demand community where we all traded the same strategy. These days I'm more of a Snollygoster. I can't help it. When I see other traders, I see them as competition - even those I...
This strategy makes use of the EMA and the closure of candles. Trend is vital for this strategy as extra confluence to place the trade.
Attention, traders, Breakout trading stands as one of the most widely used trading strategies, offering a seemingly simple concept that becomes intricate and convoluted in practice. In this article, we will explore seven essential steps that every breakout trader should adhere to. 📚To provide a brief overview of breakout trading, this approach revolves around...
Trading is one of the most fascinating and exciting professions in the world. It promises huge profits, financial independence, and the ability to work from anywhere. But with great rewards come great risks, and 90% of traders fail. Why do so many traders fail? Let's explore the reasons. 📚Lack of education: Many traders jump into trading without the proper...
Despair and Hope, two sides of the same coin and the two emotions that rule your decision making. In my 10+ years of trading experience, I'm not sure it's even possible to not feel or be aware of them in some way - what I'm saying is, I don't know if you can get rid of them entirely from your trading. It may just be a constant (and natural) part of being a...
G'Day Mates! We're going to talk about trading psychology, trading tips, and how to power up your trading game. This is a "Welcome Aboard" episode in preparation for a regularly scheduled stream. See you on board!
In the world of trading, strategy, and market knowledge are typically seen as the twin pillars of success. However, this is only part of the picture. The psychological aspect of trading is often overlooked but can be equally, if not more, influential in shaping trading outcomes. This component involves understanding and managing the emotions, biases, and mental...
Today was #FOMC! I'm Sure most of us had same experience on BLACKBULL:WTI and $OANDA:XAUUSD. I Just wanted to write about What is #FOMC and It's impact on #WTI, #Gold and #USD, Maybe somebody has lots of questions about that, so I try to do my best regarding captioned subject. The Federal Open Market Committee (#FOMC) plays a crucial role in shaping monetary...
Learning how to identify accumulation and distribution in an asset is an important skill to have for any trader. Luckily, there’s a handy tool we can use: the aptly-named Accumulation/Distribution indicator. In this article, we’ll show you how this accumulation/distribution indicator works, where it’s best applied, and how you can combine it with other tools to...
Hanging Man (Bullish Reversal Pattern) ---------------------------------------- The Hanging Man is a bearish candlestick pattern that appears during an uptrend. It has a small body near the top of the trading range, a short upper shadow, and a long lower shadow. It suggests a potential trend reversal, indicating that buyers may be losing control and sellers...
Hammer (Bullish Reversal Pattern) ----------------------------------- The Hammer is a popular candlestick pattern that provides important information about the potential reversal of a downtrend. It is a single candlestick pattern characterized by a small body located at the top of the trading range with a long lower shadow (also known as the tail or wick). The...
Candlestick Components Candlestick components refer to the various elements that make up a candlestick chart, a popular tool used in technical analysis to analyze price movements in financial markets. Each candlestick represents a specific time period, such as a day, week, or hour, and provides valuable information about the price action during that...
Hello traders. Having a trading plan is very important and you should always have a plan before you enter a trade. Here I explained 4 types of possible entries when breakout occurs. You can see here example of a consolidation between support and resistance zones. Strong breakout occurs, and what to do now? Should we sell immediately after breakout? Maybe, but its...
If you are studying a price action, you should definitely know Cup and Handle formation. Being applied properly, it can generate big profits. In this educational article, I will teach you how to identify this pattern. We will discuss its psychology and I will share with you 2 trading strategies. 📏And let's start with the structure of the pattern. The pattern...
Hello dear @TradingView community! Today let’s focus on what is Dollar Cost Averaging ? Determining the optimal moment to buy cryptocurrency is often a challenging task due to the high volatility of crypto assets. Prices can fluctuate unpredictably at any given time, leading traders to experience the fear of missing out (FOMO). This fear is commonly felt...
The Greeks are a set of mathematical measures used in options trading to assess and quantify various factors that influence the price and behavior of options. 📌 VEGA : Vega is a measure of how much an option's premium will change in response to a 1% change in implied volatility. Implied volatility represents the market's expectation of the underlying security's...
With each trade you take… There are these 5 standard questions you’ll need to ask an answer. Jot these down and have them ready… Do I Have a Trade Lined Up? When you go through your watchlist. You need to see any opportunities in the market that align with your trading strategy. These should stick out like a sore thumb. If it’s not, then it’s probably not...
This strategy is a trend following strategy to be applied when the market is uptrending. It demonstrates the significance of breakout levels which are very often retested prior to continuation to the upside. For Trend visualisation, 10, 20 and 50 Moving averages are used. If you apply ONLY this setup and and nothing else, you will have a statistical edge and be...