Hey traders, In this educational article, we will compare full-time trading and full-time job. And I guess, the essential thing to start with is the money aspect. Full-time job guarantees you a stable month-to-month income with the pre-arranged bonuses. In contrast, trading does not give any guarantees. You never know whether a current trading month will be...
In this video I am going through the trades I took last week and how I spotted them.
☑️WHAT IS A BULLISH ENGULFING CANDLE? The bullish engulfing candle appears at the bottom of a downtrend and indicates a surge in buying pressure. The bullish engulfing pattern often triggers a reversal in trend as more buyers enter the market to drive prices up further. The pattern involves two candles with the second candle completely engulfing the body of the...
Facts: - You not tryna predict the market - You can't trade just based off of indicators - You gotta learn price action - Gotta use higher timeframes - Gotta be patient and understand that this shit finna take time - You can't learn from youtube alone, get some courses / figure sum shit out - Most of the people who trade unregulated brokers and are tryna sell...
Everything you need to know about fundamental analysis Fundamental analysis is a technique for assessing the true value of assets, such as stocks or bonds. This type of analysis is used by investors and financial analysts to make investment decisions based on the underlying financial and economic factors that drive asset performance. In this post, we will take a...
Wrapping up from Part 1, I cover the example of taking 1/3rd profits and how that affects your risk in a potentially losing trade.
This is a deep dive into the concepts surrounding "Risk Management" and how to realistically model managing risk. We will discuss: Risk Units Scaling in to positions at a one third risk unit increments Raising stops Taking profits Closing/exiting the position.
Here is an example dual-chart setup for SPY daytraders. I set this up to help my followers understand how to perceive price action as we attempt to transition through the $405 SPY Support level. If my analysis is correct, we'll see a fairly strong reversion (upside) price trend as long as the $404~405 level holds. This chart includes a number of TradingView...
In the previous post , we began looking at the Income statement that the company publishes for each quarter and year. The report contains important information about different types of profits : gross profit, operating income, pretax income, and net income. Net income can serve both as a source of further investment in the business and as a source of dividend...
Pitchfork is drawn when price forms ABC pattern. Pitchfork draws a series of parallel lines in the direction of trend which can be used for support and resistance. There are many methods of drawing pitchfork. In all cases, a line joining BC will make the base of pitchfork and fork lines are drawn from different points of the base. All the fork lines will be...
There is a famous saying in the world of trading: trend is your friend until it tends to bend. Following the mighty trend and riding its impulsive moves is one of the most satisfying feelings out there. There are several ways of identifying a trend and hoping on it. One group of people favours using indicators such as SMAs or EMAs for this case. Another group of...
if the price consolidate 30 min or more in intraday 5 or 15 min timeframe and then break a level near it the it will be considerd as good breakout
To run TradingView Strategy for real automatic trading at any Cryptocurrency you need: 1. Account at TradingView. (Tradingview.com) And it can’t be a free “Basic” plan. You must have any of available Paid packages (Pro, Pro+ or Premium). Because for automatic trading you need the “Webhook notifications” feature, which is not available in the “Basic” plan. 2....
TOP 15 Trader's Mistakes 1 - Lack of knowledge of market operation, technical and fundamental analysis, mass psychology and market cycles In the boom period, when a large number of new participants enter the market, many people believe themselves to be the "god of trading" and the "master of the markets." Beginners are satisfied with a 10-20% profit during...
its quite obvious many traders would take a trade based on the orderblock they see but it shouldn't be like that there's order block confluence that needs to be confirmed CHECK THE CHART AND CONFIRM THEM 1) THE ORDER BLOCK MUST BREAK LIQUIDITY 2) THE ORDER BLOCK MUST BREAK STRUCTURE 3) THE ORDER BLOCK YOU ARE CONSIDERING MUST BE INSIDE THE ORIGINAL ORDERBLOCK...
This strategy assumes that the price eventually comes back to an older price. Similar to a return to mean strategy. In this episode we will try to fix its associated Zignaly library. Small PineScript doubts are welcome.
Hello Traders, In this video, I have demonstrated how to create a simple web-hook which can send your Tradingview alerts to Telegram channel or group for zero cost. ⬜ Tools Used ▶ Telegram Messenger ▶ Replit - Cloud platform for hosting small programs ▶ Postman - To test web-hooks before going live (Optional) ▶ Cronjob - To set health-check and keep...
Gold has been a precious metal for centuries, serving as a store of value and a means of exchange. In modern times, it has become a popular investment asset, with its price often used as a barometer of economic and geopolitical conditions. But what is the relationship between gold and currency, and how do they interact with each other in the financial markets? At...