This is a follow up information, the function-Library used to create this drawings here is now released. Feel free to connect whatever indicator you like to create the starts on the bottom of the library you can see a standard implementation, a short example: //define: var Liquidationline Liqui_Line_L = array.new () if Any_alert ...
I was with a close friend of mine also a trader a few days ago, he told me that "trendlines do not work" and i am in several social media trading groups and some traders share the same opinion regarding the charting tool. The reason for this is that some traders rely on the basing's that they have been taught or read without taking the time to backtest and get...
There should be a maximum of 4-6 candlesticks at the base. The less number of candlesticks at the the base the more the strength of the zone and vice versa . other features of a good zone include : -tight candle bases with bodies less than 50% -strong departure , 2nd leg (IMPULSE) with at least 2 ERC candles closing at its high (about 80% of the whole candle...
Successful traders know there are 5 outcomes that can come out of a trading position. When managed well these outcomes can lead to great success. However, when manage badly can cause disaster to a trader’s account. Below I’ll highlight and discuss the possible 5 outcomes of a trade and how you can manage them. 1. Small Profit This is when a position ends in...
Join us for a live webinar on 5 February 2023, where we will be discussing a versatile trading strategy that can be applied to Forex, Crypto, and Stocks markets.
Hey Everyone, Hope you’re having or.. well had I guess pretty much, depending on where you are located I suppose, a great weekend! So next week, is a pivotal week. You may be wondering why. And that is a good question. Its not because there are any fundamental catalyst. Its not because there are major news releases. Its actually very simple really. Next week,...
Hey all this is my first video on Supply and Demand. Wanted to share a quick little overview of what my routine generally looks like. I plan to share more and dive further into Supply and Demand.
Follow my research. Learn why I expect 2023 to be a very difficult year for active traders and how you can avoid all the risks by modifying your capital allocation levels RIGHT NOW. You don't have to stand in front of a freight train or try to force trades when they are not opportunistic. You could just wait for the better setup in July/Aug 2023 and ride out...
Is chat gpt and Artificial Intelligence the next boom theme? Why are so many people talking about it recently? How long can this new trend create opportunity for , years, decades? How do we value the opportunity and avoid paying too much? Dont get ripped off and caught up in the hype, use math and valuation to price the reward and risk in a balanced logical...
▶️ There are five steps you can take to fix problems with your trading. First, you need to understand what caused the problem. Second, you need to find a solution. Third, you need to put the solution into action. Fourth, you need to monitor and check the results. Fifth, you need to repeat the process if necessary. 1. Realizing...
Make an strategy out of Capissimo kNN ideas so that we can backtest it. As a bonus this strategy will be able to easily connect to Zignaly and implement Risk management.
For many traders, the dream of full-time trading represents the ultimate freedom. Full-time traders have the ability to choose their own hours, trade from anywhere, and select which opportunities to pursue. However, not all traders are ready to make the leap to full-time trading. Just as too much freedom can harm some economies, not everyone is prepared for the...
1. Introduction: Cryptocurrency is a relatively new concept that has gained a lot of attention in recent years. But what exactly is it, and how did it become so popular? Definition of cryptocurrency: At its most basic, cryptocurrency is a digital or virtual currency that uses cryptography for security. Cryptocurrency is decentralized, meaning it is not...
I thought I'd share my experience with other New Traders (I'm still 'new', 2yrs in). I made all the classic mistakes and plenty more, my learning is only just beginning. Hopefully this educational post helps others new to trading. Use a Stop Loss So many times I didn't use a Stop Loss. One of the main reasons was I kept getting Stopped Out and then the price...
Consolidations are range bound. The rules for a breakout (impulse) is to retrace it to confirm the exit, and then strike the low signaling the continuation...the beginning of a trend. Notice the red arrow. The impulse exited a range of a trending zone, but the retrace failed and there wasn't a continuation. That is why to wait to strike bullish reversal....
Notice the swing areas, and the volume indicator. Had the indicator been used for "trend strength" it would of sold off. Rather, use the Accumulation/Distribution to identify bullish or bearish swings...if the volume increases or decreases lower in the consolidation zones.
I will be polishing my Zignaly PineScript library and its associated template so that it can be ready for a public release in TradingView. Most of it its changing the inputs design.
1. Establish the direction via cyclisity 2. Plot the highs and lows of the fractals 3. Enter thru the pull back via the small bar in direction of the trend. 4. Sell and hold atleast 1 to 1. Hope you like this very basic old but good one.