Price eventually comes back to an older price. Similar to a return to mean strategy. Today: Different triggers for different trade sides (long/short) based on StopLoss consensus momentum. Small PineScript doubts are welcome.
Let's start today with an excerpt from an interview in which we cover the important topic "It is the trader who is profitable, not the system". You'll see with examples how results depend on what's going on in a trader's head, so you'll look at your own results from a distance and see that they may in your case depend on deeper things than you've so far thought,...
XAUUSD TRADE: I saw this trade on gold which I didn't later took due to personal reasons, I normally enter my trades using Smart Money Concept (SMC), where by i spot a break of structure from the previous market reaction and wait for some confluences like liquidity to occur then I select a nice indecision candle which aligns with my Fibonacci level of 70.50% or...
Even though I am a pure technician and I rely only on technical analysis when I trade, we can not deny the fact that fundamentals are the main driver of the financial markets. In this post, we will discuss the most important fundamentals that affect forex market. You can check coming fundamental news on TradingView in the economic calendar. The...
I feel its important for even the most advanced traders to take the time once in a while to re-assess the fundamentals. For newer traders trying to learn this is how I create models of supply and demand. I look on the daily or H4 chart for areas of consolidation followed by an engulfing candle and draw a line, if price returns to that line and doesn't break...
In the world of crypto, altcoins like UNI offer amazing opportunities and lessons in market dynamics. For novice investors, understanding these dynamics can be a stepping stone to successful investing. Let’s look into the case of UNI and what its recent market movements can teach us. Understanding UNI and Its Market Significance UNI is the native token of...
S&P500 (SPX) strategy using Stochastic RSI Min-Max, normalized Volatility and Trailing Stop signals, beats the Buy&Hold strategy by 16 times Embarking on the quest to time the market accurately, the 'Holy Grail' of strategies, led me to create a script to approach this goal. Unlike other strategies that I tested, this one not only surpasses the long-term S&P500...
After testing four so-called "private trading signal" providers, I'd want to write out my ideas and attempt to be as straightforward and honest as possible, with basic questions and possible answers. Of course, everyone's experience may differ, but I feel there are more similarities than differences. As well, I do not see the signal providers as angels or demons,...
You've probably experienced this A negative trading performance. A spiral of bad trading decisions. A strategy that is not performing as expected. A helpful practice to overcome these situations is to focus on having a better process. Because results are a consequence of actions, and negative actions lead to negative results. So here's a framework to create a...
When trading GBP/USD, traders often look for specific candlestick patterns and chart patterns to identify potential trend reversals, continuations, or other trading opportunities. Here are some candlestick patterns and chart patterns specific to GBP/USD trading: **1. Candlestick Patterns:** a. **Engulfing Pattern**: - Bullish engulfing: Occurs when a...
Three Simple Intraday Strategies Intraday trading is a technique that commands your attention, rewarding those who can swiftly analyse market data and act decisively. Armed with the right strategies, traders can make the most of market fluctuations within a single trading day. This article explores three successful intraday trading strategies: Breakout + 50%...
Price patterns are recurring formations on a chart that traders and analysts use to identify potential future price movements in financial markets. These patterns are formed as price pauses within a trending market and show increased pressure from the prevailing trend (continuation patterns) or a shift in power between buyers and sellers (reversal patterns).
In our long-term strategy, we have deeply explored the key factors influencing the price of Bitcoin. By precisely calculating the correlation between these factors and the price of Bitcoin, we found that they are closely linked to the value of Bitcoin. To more effectively predict the fair price of Bitcoin, we have built a predictive model and adjusted our...
Price eventually comes back to an older price. Similar to a return to mean strategy. Today: New conditions for opening and closing trades based on Curie closing lines. Small PineScript doubts are welcome.
I'm not going to say very much, about this chart simply because this is not the place and anyone that makes even a little effort should be able to understand the story it tell. I know this technique doesn't exist elsewhere and there's not a more accurate, reliable, simpler or visually convincing alternative. We'll know soon enough if the rest of the story follows...
The bitcoin halving, which occurs every four years, is encoded into Bitcoin itself. Its purpose is to cut in half the amount of Bitcoin that is rewarded for every block that is mined, meaning you must double the processing power every four years to mine the same amount of Bitcoin. (A block reward refers to the number of bitcoins you get if you successfully mine a...
Trading bots, 3commas, crypto and Tradingview
History doesn't repeat itself but it often rhymes. And in the stock market, more specifically with technical analysis, we are able to understand why price moved the way it did in the past and, if it's doing something similar again, what to expect. So here, we see repeated controlled selling channels (magenta) being used to build liquidity for buyers. We also...