it has been and it will allways be better to trade based on trends and the easiest way to draw trend lines is on the top left on your chart on the "trend lines tools" you will find a tool called "regression tool" try it yu'll love it, Trade every trends!!!
Hello traders, Remember when you just started trading, almost everywhere you could hear about the 1% per trade risk rule? While this is not too bad, I think in most cases 1% risk is too much. Here's why: 1. If you're trading a 100k prop firm account, 1% is $1000. Imagine you have a very usual losing streak of 3-4 trades. Now you've lost 3-4%, and $3-4k in...
Hello trader, here's a quote from the great book "Trading in the Zone". Hope you'll find some inspiration or maybe even practical advice here. I'm a consistent winner because: 1. I objectively identify my edges. 2. I predefine the risk of every trade. 3. I completely accept risk ($ risk, risk of not being right, not being perfect, being wrong, losing money,...
The Island Reversal pattern is when increased distributions in overnight activity cause gaps up and eventually volume exhaustion a second gap down forming an island of candles. The Island Reversal can be Bullish (inverted island) or a Bearish Island and is preceded by lengthy trends with a reversal trend the other way. No real profit targets for the island...
Based on the work of Richard Wyckoff in the 1930s, these are the 4 STAGES OF THE STOCK CYCLE.
Just like this. Buy and sell limits above and below structure, as in the most recent highs/lows, with your TP in general being a return to structure. Brutally easy way to scalp and make money. Few more examples... This one shows where the stop loss might be. In general, I go with a 2/3 or 3/4 type rule, where I'll have a wide cluster of limits, then a...
to understand where to buy or sell you must first understund the current phase you came in, the worst place will be to come in on the panic phase, so be sure not to enter trades in this phase if you want to do a long term investment, you could still sell, but... what if it drop's? the accumulation will be short so you will probably enter on the participation phase.
Video to show how to use TradingViews Screener to find stocks running after a recent earnings report. - Includes setting up the Columns - Setting up the Filters - Reviewing the Stocks - Setting Alerts
This chart illustrates the GNP of the USA compared with others over a period of several decades. The USA is on a much slower trajectory of growth than all the other countries on the chart except Russia and Ukraine. This includes the Eurozone, China, India, Mexico, and others. This trend has been in place for decades. It makes for a poor prognosis for the...
Hey Everyone, A repost to remind newbies of some basic money management fundamentals. We see too many new traders trade with random lot sizes with no understanding on the impact it has on account sizes, which result in not only losses but BLOWN accounts. This post is by no means a risk or money management strategy but more so just basics on the movement of...
Wait for price to close below the trend line. Next, watch for a bearish price action signal on the retest of the trend line. If price consolidates with three or more candlesticks, then a retest may not occur. So, enter a market execution order after the third candlestick closes.
Send alerts with just a few clicks in 3 minutes from TradingView to Discord using webhooks. And further in the video learn more about working with Discord. The example commands for JSON that I used in TradingView's alert section in the video: { "content" : "Buy" } { "content" : "Buy 1 min {{exchange}}:{{ticker}}, price = {{close}} Time ={{time}} " }
‼️ Forex traders use Fibonacci retracements to pinpoint where to place orders for market entry, taking profits and stop-loss orders. Fibonacci levels are commonly used in forex trading to identify and trade off support and resistance levels. After a significant price movement up or down, the new support and resistance levels are often at or near these trend lines...
Stop shorting this market n Wait for the lower high. The market is preparing for a discounted short. Short the macro double top it makes as the lower high. Tips Stop day trading. Weekly n monthly trading round key areas only of mark zones on multiple pairs keeps u will a fresh supply of moves to selective or trading.
Finally, the second part video! IMPORTANT NOTE: I did do sort of an error in this video but because this was like the 6th time I attempted to firm it for TradingView I didn't want to redo it a 7th time. The error is that I said the Stochastics and RSI won't add up because they are on different time frames, I should clarify that when they are on the SAME time...
This shows off what i've noticed what happens with the Stochastic RSI and price action when it breaks out of a pattern to the upside. Not sure if its always going to happen but i see it on all time frames with a pattern, when price breaks out the stochastic rsi usually gets overbought as price breaks resistancec and when the stochastic rsi comes back down to...
Humans are not psychologically good traders by nature ! Have you ever wondered, why trading with real money is overwhelming for you?! The reason should be sought in the psychological aspect of the case. If you lose amount money in the market, you must gain several times ,so the feeling of happiness overcomes the pain of your initial loss! although all traders,...
Hello Traders! This is just to finish the pervious video. Enjoy.