Hi Everyone! Someone asked, "What is exchange time?" I hope I provided an explanation as to what "exchange time" is. It's basically whatever time zone the exchange is located. Yes, you could change the time zone in the chart settings to the time zone you are located. However, it's possible you and another person you are talking to might get confused as to...
Hello TradingView world,
I have been trading for almost 15 years and have learned some serious lessons about trading and the markets. I have also been fortunate enough to interact with many great traders over that time that have helped me tremendously, however I still struggled for a long while and wondered why I wasn’t making the progress I desperately wanted to...
Coding a strategy that will work in the real world isn't easy, and we should have our expectations set accordingly.
In this video we will cover:
Human trade execution.
PineScript Shortcomings.
What is an "Ideal Strategy"?
Back-testing.
Alerts aren't always tradable events.
Please leave any questions in the comment section.
Follow We Trade Waves 4 Golden Trading Rules!
1) Do Not Over-Risk
Big Risk = big loss = potential big profit | Small Risk = small loss = potential big profit (Read this again)
2) Do Not Over-Trade
Successful trading is not about trading often, it's about being selective and trade correctly!
3) Do Not Trade Without Stop Loss
Check GBPAUD, CHFJPY,...
🔴Multi-candle patterns are more reliable
The more candles a specific pattern contains, the more reliable it usually is. 3 candle patterns are better than single candle patterns. 30 candle patterns are usually better than 3 candle patterns. Patterns like head and shoulders, double and triple tops are among my favorites, exactly because of this reason. They...
Fibonacci Levels, Pitchfork, Fibonacci Arcs, Gann Square, Gann Fan, and Elliot Wave are technical analysis tools used in trading to identify potential levels of support and resistance, anticipate future price movements, and make informed investment decisions. These tools are based on mathematical calculations and relationships between price, volume, and time. They...
Both novice and seasoned traders use Fibonacci levels as one of the most common and universal strategies when trading forex and other markets. It is a well-known fact that market prices incline toward levels where the bulk of market orders are gathered. Such levels can be found and predicted using a variety of ways.
Systems for trading are built on a variety of...
Rinse and repeat.
That’s it…
It’s one simple little acronym you’ll never forget…
Ready?
LASER your TRADES
1: Look
The first thing you’ll need to do, is to go through your watchlist very quickly.
A watch list is a list of markets you’ll LOOK through when finding trades.
These markets can range from anything including shares, indices, commodities, currencies...
Hello Everyone,
In this video, we will try to go through revised implementation of Tradingview-Telegram-Bot which can be used to send alert messages from tradingview to telegram along with current chart snapshot.
🎲 Base
Initial version of the same idea are as below:
How-to-create-simple-web-hook-to-send-alerts-to-Telegram
...
Benjamin Graham taught Warren Buffett his Net Net liquidation value stock strategy. Graham would hunt for stocks that were so cheap that there was more value in the company if they stopped operations and passed out the assets. Net liquidation value was higher than the price of the whole company. Graham learned this from the hard times of the depression years, but...
BTC is in a good setup for a head and shoulders to the downside. The head and shoulders is a bearish pattern where the price bounces and returns to the "Neckline" support level the 3 times with the final return resulting in a break of neckline support.
How to spot
The easiest way to spot a head and shoulders is to find a support level that the price is...
Trend trading is a style of trading. It specifies what you are looking for when trading a specific market.
Style
Trend trading sets you on a path to looking for a clear and defined uptrend and downtrend. Anything outside of that realm is no longer considered trending.
A clear uptrend defines price forming a path of repetitive high prices called higher highs...
Trading in the financial markets, whether it be forex or cryptocurrency, can be a thrilling yet challenging experience. It requires a level of strategy, discipline, and risk tolerance to make informed decisions and reap profits. But, as traders, we are often faced with fears that can cloud our judgment and hinder our success in the market.
To help you overcome...
My Background
I was a young man working for an Insurance company and being a quiet trouble-maker with a healthy affinity for analysis of numbers, I was thrust into a position that fed this desire to the max. My boss then told me, "Runya in this job you must have a sixth sense, insurance agents earn commission and if they get a chance to falsify numbers to get...
just looking at possibilities in case the deviation we just tested last few months (the same as August 2015)
eventually fail and what that might bring ahead for corn prices...
With this post, I am concluding the analysis of the company's balance sheet. You can read the previous parts here:
Part 1 - Balance sheet: taking the first steps
Part 2 - Assets I prioritize
Part 3 - A sense of debt
Now we know that every company has assets on one side of the balance sheet and liabilities and equity on the other side. If you add liabilities...
According to statistics, 2/3 of those who try their hand at forex trading or another type of financial product trading ultimately quit up. Scientists have been researching financial industry failure rates for decades and have come to the conclusion that a beginner trader has a 10% probability of success.
Only the most dedicated and persistent people in the...
All markets go through cycles of expansion and contraction.
📈When a market is in an expansion phase (an uptrend), there is a sentiment of optimism, belief, and greed. Typically, these are the main emotions that lead to a strong buying activity.
Sometimes, a strong sense of greed and belief overtakes the market in such a way that a financial bubble can form....
