The Pro's and Con's of the STOP LOSS Yesterday was painful to say the least in the Crypto markets with huge volatility coupled with massive volume. Why, well this is what happens when the CPI results come out in the U.S. 1. the lemmings run off over the cliff screaming all the way down 2. traders see their stop losses get hit and of course the get sold 3. those...
Hey Traders here is a quick video that explains what I believe is one of the best ways to setup your charts for trading success. My chart trading style does not use indicators. I use a naked charts with support and resistance levels. I use end of day trading daily charts with trend following, and chart patterns, and of course Fibonacci retracement levels. Learning...
I've been trading for over 7 years and I've come to love pivot points! I see pivot points being used constantly and i just wanted to show you EURHUF on a 15 minute chart as an example. When the US market opened they made big moves around yesterday's price level until it hit the first support level. I use pivots to scalp the market so i can compound my longs and...
✅Why Be Interested? The strong dollar has been getting a lot of attention lately. Some U.S. companies are blaming the strong U.S. dollar for lackluster earnings, while economists say it's helping the Federal Reserve’s ongoing fight against high inflation. But how do you know when the dollar is strong or weak? That’s the job of the U.S. Dollar Index...
Here's a quick synopsis on how I use ICT's content on determining the higher/lower timeframe bias. This video may be helpful to traders who have a hard time knowing which direction to choose when trading.
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. A higher-than-expected reading should be taken as positive/bullish for the USD, while a lower-than-expected reading should be taken as negative/bearish for the USD. ...
Watch and learn this simple trading strategy that will make you money. the tutorial is based on support and resistance and trend direction.
A foundational concept in "pure" price action trading that underlies all trading decisions is that price will never "exactly" repeat itself. What I mean by exactly is that current and future price will never be 100% identical to past price. At first glance it may seem the same, but when boiled down to the lower time frames, you'll notice that current price is...
Hello, dear TradingView members. This educational idea is a Trading Flowchart. It starts with simply explaining the main steps to make before trading and opening positions and how to identify our situation to gain better results. Before we start to trade, we should identify the trend. What is a trend? A trend is a direction in which an asset's price changes...
Sideways correction: is the most difficult of the Elliott wave patterns to forecast (a priori). why? because: 1- prices reverse higher, many see as a resumption of the now long-gone bull market. 2- time-consuming! Sideways correction = 38.2% of the previous "impulse" wave. E.g. (Wave X = 38.2% of wave 5) Sideways correction= Wave X. Sharp corrections: ...
Hello. Please excuse my use of "respectful language." The last idea has been marked as "not suggested". They said I used aggressive words! I didn't know that TradingView was made for babies... Anyway, I'm not a native speaker, so I don't know what the H!LL that means... RESPECTFUL LANGUAGE: Today's idea is about corrective waves. The 2nd corrective...
"But the news wasn't that bad, why is the market falling??" When news or economic data hits the wire, markets move. Many traders are left scratching their heads, trying to come up with an explanation for why the market tanks on good news or rallies on bad news. Don't waste your time. It turns out, news is usually just a catalyst that allows momentum traders...
The general trend, in a capitalist economy governed by private property, would be for the rich to get richer—for inequality to increase steadily over time. That had been true in the initial stages of industrialization and remains the fact nowadays. One reason: The wealthiest 1 percent put three-quarters of their savings into investment assets. By contrast, the...
Hey traders, For those who just started to trade, I suggest a 12 weeks intensive training program. Each week will be dedicated to a specific topic. Starting from the basics you will gradually mature and by the end of the intensive you will have a complete trading strategy. ✔️Week 1 - Practice market trend identification Learn to identify the direction of the...
I hope this video helps someone deal with a losing trade, keeping in mind that there are reasons behind the failure of a trade. We zoom in on some of those reasons in this video
Stop using the words bullish and bearish in trading, these are emotion-based terms, add these terms to your vocabulary instead: 1. Accumulation 2. Distribution 3. Mark-up 4. Mark-down
▶️ How Does the Market Move? At any given point in time, the market is likely to be moving in one of three directions: up, down, or sideways. Which direction is up? Which direction is down? And which way is sideways? When the market is moving up or down, it is said to be in a trend. When the market is moving sideways, it is typically in a period of...
This tutorial video discusses how to use trendline as a trading strategy on any timeframe or market including FOREX, STOCKS or CRYPTO. DROP A LIKE AND SHARE WITH OTHER PEOPLE. P.S NOT A FINANCIAL ADVISOR... JUST FOR EDUCATIONAL AND LEARNING PURPOSES ONLY...