No chart pattern is more common in trading than the double bottom or double top. This pattern appears so often that it alone may serve as proof positive that price action is not as wildly random as many Traders claim. Price charts simply express trader sentiments, demand, and supply, so the double tops and double bottoms represent a retesting of temporary...
Hey traders, In this post, I will share with you my tips for trade management. But first, let me elaborate on what is exactly a trade management. Trade management is the set of rules and techniques applied for managing of an already active position. Trade management is a very important element of any trading strategy that should never be neglected. 1....
Hello traders . In this post, I have explained the relationship between Domains and Bitcoin and other currencies .According to this table, you can make the right decisions in trading .🙌Please do not forget the ' like' button & Share it with your friends .✍ I will be glad to see your ideas in this post .🧲Follow me to see more analysis
Hello everyone Today I want to discuss with you a serious issue of risk management. Surely each of you has heard about the 1% rule: do not risk more than 1% of your capital in one transaction. The rule is well-known and quite useful, it is better to lose 1% than the entire capital. Beginners, although they know this rule, rarely follow it and this is a big...
For this reason, we added it with the number 2 because we are in section 2-3 of the Fibonacci series 1-find exactly target af The last wave 2-square root of that 3-Using the previous major wave This video is just to show the power of mathematics in this market to find targets and to show the importance of the Fibonacci series. Important note: Do not use this...
From the past seven years (7 years) of monthly Euro/Canadian Dollar pair, the following happen: 5 years- monthly ended up Green (Blue Candle) Happy smiley face (buyers won) and 2 years- monthly ended up Red (Red Candle) Sad smiley face (sellers won) That is around a 70% buyers winning the month of August vs 30% sellers losing the month of August= for the...
Why is EUR/JPY important to traders? One of the popular pairings across the worldwide foreign exchange market is EUR/JPY. It represents around 4% of all daily transactions. Investors and traders alike look to the euro/Japanese yen currency pair because high levels of volatility can provide plenty of trading opportunities. There are major factors that can...
BINANCE:ETHUSDT Before Ethereum merge lets dive in little bit in fundamentals At the core of each cryptocurrency is a network of computers that helps keep software safe from hackers and controls how many new units can be made available. The consensus mechanism is the name for this set of rules. Proof of Work (PoW) and Proof of Stake (PoS) are the two most...
And No....This Is Not About a Robot trading or Artificial Intelligence thing...Speaking of robot This Is Reminds Me Of One Of Episode In Spongebob Series.. anyways Back To The Topics. (This Is Gonna be a Long Journey & Using TradingView App Is Recommended.) From Book Psycho-Cybernetics By Maxwell Maltz Psycho-Cybernetics is the first science of...
Why so few traders manage to bring their trading to the level of stable earnings, when trading becomes a source of income, and not a source of constant disappointment? Because before you start to get the "easy" money that everyone comes to this industry, you will have to go a long way to make a lot of mistakes, each of which will cost you money. To fall down many...
This is spoken about a lot but what does it mean? In starting a business you would need funding and a business plan, right? You would have realistic goals mapped out and be focused on your cashflow. You wouldn't blow your 'cash' in recruiting too fast, or buying too much stock or spending too much on marketing. Yet, in trading most don't have a plan. Or...
In my trading, I really like using alerts and recommend everyone to do the same. The main ways of using them for me are: 1. While waiting for a tap into my Area of interest. 2. After entry, for waiting at my breakeven level. 3. Also for waiting for the First partial level, the second partial as well of course. I use them in other ways as well, for example, it...
When you understand the Wyckoffian phases of the market, you can determine when to be in or out of the market. You begin to understand how the large accounts determining market the trend, change of trend and price action. Wyckoff Phases of Accumulation Phase A: In phase A, supply has been dominant and it appears that finally the exhaustion of supply is...
Wyckoff ACCUMULATION AND DISTRIBUTION (develop by Richard Wyckoff) It involves 3 stages markup/markdown, Accumulation/distribution markup/markdown(depending on the trend) ACCUMULATION (down trend to uptrend) Price in a down trend would simply begin to lose momentom thus creating selling or buying climax(SC/BC) Price would rally up after the selling climax...
In this video I am presenting the approach of identify and trade incoming supply and demand signals, as a modification of VSA methodology. I explain more also about importance of spotting places, where unusual high volume takes place. Enjoy!
Let’s start with a very simple description of Bitcoin…. Bitcoin is a decentralized digital currency, based on an open-source software design, that is used to transmit value between pseudonymous users. All transactions, after being confirmed by miners using PoW as the consensus mechanism, are stored on a distributed ledger, called a blockchain. Changes to the...
My Crypto Watchlist: Identify Ranges and Setting alerts 12 HR Support And Resistance
Trading Advise from Richard Dennis who turned a $400 trading account into $200 million. 1. Whatever method you use to enter trades, the most critical thing is that if there is a major trend, your approach should assure that you get in that trend. 2. A good trend following system will keep you in the market until there is evidence that the trend has changed. 3....