Renko chart is a range indicator, that I use to identify trends, entries, and exits. Trading rules to consider: 1. Short trades on red bricks Buy trades on green bricks 2. There is no reference for SL 3. There is a reference for TP. If you are short after a red brick was created, for example, then the trade might be closed with the first green brick...
I am sharing this personal opinion after 15 years of career in financial sector. I have blown so many accounts as a trader in the start, that I have lost the count of it. The main reason, being trading for the wrong reasons, and focusing on results, or money. Trading is not a business, trading is a career. When you will start focusing on development, improvement,...
Daily analysis of DXY, EUR, GBP. Internal / external liquidity trading setups. Answering your questions about trading strategy and its elements. Streaming Mo - Fri 30 minutes before Frankfurt open. (7:30 CET)
BINANCE:BTCUSDT Risk Reward is the ratio of risk of loss of potential profit. Your reward should always be more than losses, look for transactions with RR 1:2, 1:3, 1:4 .... Indeed, in case of failure, the next deal should cover your losses and at a distance this will bring a very good result. For example: We take $ 1,000 (this is 100% deposit), 100...
Hi Friends Today we will explain the option contracts affect on crypto and other markets. First lets see whats an option contract? Options are derivative contracts that entitle the purchaser to buy or sell the connected asset at a predetermined price before the contract expires. There are two types of options , call and put. The right to buy is known as a ‘call’...
I can say unequivocally that without reading the trading book in this market you can't go far. People who do not develop will eventually end up with nothing. The well-known argument what is better, books or practice, makes no sense they are parts of a single coin. The question of "what to read" is also abstract. There is plenty of meaningful reading. Except that...
1. WHAT IS A PRICE CHANNEL? On any chart, you can see that the price is moving in a trading range bounded from above and below, and this range is a price channel. They can be ascending, descending or sideways (ranges). Ascending channels are formed with an uptrend, Descending channels are formed with a downtrend, Lateral channels are formed at intervals when the...
Markets will break trendlines , pivots, etc etc etc n aggressively any technique used by the common to convince them to take on bad positions, overlooking or may not even understand that price will do all the above from not understanding the market. Smart traders understand mark up n dwn very well. They won’t buy during mark dwn! As mentioned months ago during...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Everything is in the video :) Let me know if the concept is clear. Cheers!
Hey traders, In this video, you will learn how to trade wedge pattern. We will discuss the theoretical basics of this pattern. Then, on a real market example, I will show you how to spot and trade it. ❤️Please, support this video with like and comment!❤️
Daily analysis of DXY, EUR, GBP. Internal / external liquidity trading setups. Answering your questions about trading strategy and its elements. Streaming Mo - Fri 30 minutes before Frankfurt open. (7:30 CET)
New traders must remember that losing tradings are inevitable and the cost of trading. Do not beat yourself up over losing trades. Rather journal your winning trades, print out copies of charts where your trades have been winners and focus on those and what your winning trades look like. After a losing trade allow yourself one more entry at half the risk of...
Pitchfork Basics I with GRI The action reaction principle of technical analysis was described by Doctor Alan Andrews over 50 years ago It is based on Newtonian Physics To construct any pitchfork mark swing highs and lows Take a high-low-high OR low-high-low And use Tradingview's excellent Pitchfork tool to create the fork. The swings do not have to be...
Daily analysis of DXY, EUR, GBP. Internal / external liquidity trading setups. Answering your questions about trading strategy and its elements. Streaming Mo - Fri 30 minutes before Frankfurt open. (7:30 CET)
Reminiscent of the roaring 1920s, the 2020 epidemic and the inability to work for many people brought an influx of new retail investors to the public market. Furthermore, the FED's decision to prop up the market by dropping interest rates combined with stimulus checks handed out by the U.S. government lured in even more investors who were hungry for profits....
Let's look at how market-makers succeed in trapping you and I in the market to make billions. These techniques, when grasped, can have an immense positive influence in your trading. Market-Makers use areas of support and resistance to accumulate/distribute order blocks. This creates massive liquidity for them to be able extract big profits, leaving the ordinary...
First, the bases of this chart: what is multibit: its a way to transmit 16 bools from one indicator to the next, based on the library this is called daisy chaining, so to use that stuff u need at least a TV-pro+ license, but i would recommend premium, as you also have more data to analyze here you see how its basically looking, x8 can do 8 channels,...