ABBREVIATIONS & DEFINATIONS ORDER BLOCK OB is a Down/Up Candle at/near Support or Resistance before the move Up/Down, respectively. Down Candle is a Bearish Candle Up Candle is a Bullish Candle Bullish Order Block is Down candle at/near Support level, before the move up Bearish Order Block is Up Candle at/near the Resistance level, before the move...
Welcome to another Trading Myth Buster’s episode. This is where I take the old adages and see if we can bust them or not. Today’s adage goes to… “You need 10,000 hours to master something”. Let’s first break this up into how many days this will take. If you practise an art of something for 30 minutes a day… 10,000 hours equates to 300,000 minutes. We then...
Funds and money in crypto First, let's determine why money are required for the project. Money . The first and most evident thought that occurs to mind. A startup exchanges a portion of its stock or tokens (often a soul) for digital evergreen paper. Is it feasible to grow your business without these funds? Certainly, you can, but why? When a team has...
So, I love backtesting. Recently I've found my self in a 3% drawdown and needed to figure out what the cause of it was and trading at this moment won't give me that answer. So, I decided to backtest. Here is what I found: 1. I'm overtrading my system I am a proud swing trader who got back into scalping the market in December 2022. It was mot my idea, but I...
Interest rates and USD strength are positively correlated. An increase in US interest rates will typically result in a strengthening of the USD. The reason is... Foreign investors tend to flock to US assets, such as bonds and fixed bank rates for higher returns. Higher demand for US assets drives up their price, and as a result, the USD strengthens. As for...
Hello Traders! As you know, trading is a game of probabilities and navigating the financial markets is not always easy. Different strategies that we use, such as Elliott wave analysis and pattern trading, can provide different scenarios for market movements. However, market conditions are often uncertain and can extend beyond what is predicted by these...
Hello Investors!!! This is a detailed video overview of the “Jerry J8 Scalping Indicators” which can be used to scalp when the markets are up, down, or sideways. I will post the link to the strategies after this video goes live on TradingView in either the Related Ideas, or as a comment below with the link. Thank you.
The evidence suggests that only a very small proportion of day traders makes money year over year. There are certain patterns which may separate profitable traders from those who ultimately lose money. And indeed, there is one particular mistake that in our experience gets repeated time and time again. What is the single most important mistake that led to...
Make an strategy out of Capissimo and lastguru kNN (k Nearest Neighbours) ideas so that we can backtest it. As a bonus this strategy will be able to easily connect to Zignaly and implement Risk management. As always small questions about PineScript are w
I will be polishing my Zignaly PineScript library and its associated template so that it can be ready for a public release in TradingView. The current work is based on making inputs more easy to read and understand.
Hey God bless you everyone! i pray this video helped you in many ways. the goal is to grow in our journey to become a successful consistent growing profitable trader. it takes time to become successful so lets take our time to focus on ours elf to grow and not always on money!!
1. People are born traders. While it is true that certain personal characteristics make it easier to trade, no one is born a trader. One of the main themes of the Market Wizards books written by Jack Schwager is that almost none of the market wizards was successful from the start. They all worked hard at it. 2. You have to have a high IQ to trade. Just not true....
When it comes to the forex market, there are a number of different players that play a role in its overall functioning. From central banks and commercial banks to individual investors and brokers, each one plays a part in keeping the market ticking. In this article, we take a closer look at each of these groups and their role in the forex market. Central banks...
In trading, the term "breakout" refers to a price movement that "breaks" past a certain level or range. It's important to note that breakouts can be false, meaning the price could reverse its movement after the breakout. Hence, traders often use confirmation techniques to confirm the validity of a breakout. A breakout is a potential trading opportunity that occurs...
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...