It doesn’t matter how long you’ve been trading; there is always room to improve your approach and become a more profitable trader. To be a successful day trader, you need to learn what the pros do, implement their tools into your methods, and constantly be willing to improve your strategy. 1. Have a strategy. This may seem simple but almost all amateurs trade...
assending Channle in a down Trend trader shouldnt forget to compare between RSI of the whole channle and the RSI of the last main High. best regards
We know that not all candles are the same. Statistically, various candle patterns are only as reliable as flipping a coin. I'm stating this, having analyzed candle patterns in the past early in my journey. Many don't talk about looking at each candle for what it is and reading the story that it tells you. Every candle tells us a battle that was fought and which...
According to Thomas Bulkowski's Encyclopedia Of Chart Patterns, the Adam and Eve formation is characterized by a sharp and deep first bottom on high volume (Adam). The stock bounces and develops a more gentle correction, printing a second bottom (Eve) on lower volatility. Eve's rounded bottom takes longer to develop than the Adam spike and it is characterized by...
Do you have trouble with FOMO or sticking with your plan? One of the most simple tricks to help take your emotions out of the game and stick with logic is to change your candle colors. Yes, it really makes a difference! Psychologically we are hard wired to react to red and green as STOP and GO reactions. This is actually the opposite of what you want when...
What is sentiment? Risk-off and Risk-on In financial markets, when there is a risk in the economy or geopolitical situation (conflict between countries; war), the so-called risk- off means that investors do not take risks and the demand for safe assets increases, and risk assets with Sales pressure is encountered. And if the economic and geopolitical conditions...
1️⃣.Enteting in FOMO Traders mostly make mistake while entering in market with FOMO.It's better you should wait for a buy setup or market to follow your proper set of rules on your bias. 2️⃣.Using unnecessary tight stops Sometime trader stick to the tight stoploss plan,which your stops should be dynamic with the market price. 3️⃣.Unrealistic Target Most...
Mainly experimental 👽 Using 20/07 swing low and daily PA prior to that date, start determining the circles levels (roughly 9 11 18 24 28 32 34 38 50 54 56 59 61, totally eyeballed that) The goal is to see if this circles are still relevant on the other half ! Let's wait couple of years and see how it evolves.
✅Today we will talk about one of the most important things in trading, about what most traders around the world cannot do, even though they are well aware of the need for these actions. It will be about suspending and completely stopping their trading activities. ✅What to do if the trading system has failed, the market has changed, emotions fail or something...
Hello, in this video I discuss a current active trade on AUD/JPY (see my page) and how I decide whether a consolidation phase is in accumulation for a wave up, or distribution for a wave down... I believe that the AUD/JPY pair is in a distribution phase and I explain why in the video. don't usually make videos and I'm sort of congested today so sorry if sound...
Market structure in trending markets . let us know how you feel about this video
HOW-TO educational video on using TheStrat Alerts indicator in combination with TradingView awesome Alert functionality. Time is precious and like many of you I cannot sit and watch charts all day, so I coded this indicator to do that for me and to alert me just prior to the closure of an actionable TheStrat setup. There are 5 steps when using this...
Part 1. No matter how well you use technical analysis, you should still follow the fundamental news. Fundamental news can push the market against you and destroy any pattern and even reverse the trend. Every professional trader uses an economic calendar for this purpose. Thanks to the data from the economic calendar, you can predict when the market may start...
Hi guys! I would like to briefly explain my strategy, I use liquidity to understand where should market go . 🏦 Liquidity is basically a zone in the market where a lot of stops are located both retail/ institutional, I will look to enter near that area but only after the manipulation on the buy-side or sell-side liquidity to all my trades with "Smart Money". as...
Lines are one-dimensional figures that extend endlessly into a future and which connect the price segments on a chart. They are often used to determine a trend and particular support and resistance levels. Lines are easy to draw and use as technical tools. Over time, lines became implemented into various trading systems such as Andrews' Pitchfork and Gann Fan...
Sneak peak at our current project. A quick snippet showing how price levels can be caught using our pivot tool to inform trade ideas based on Support/Resistance and Supply/Demand. The tool is currently in a preliminary form, but we intend to optimise the level output to create a real eye view of the price action. Our goal is to mimic the price levels a trader...
Trading is a one big system that consists of various different components: technicality, psychology, money management and so forth. The most difficult one out of all the elements is definitely psychology. Human psychology is a perplexing system that studies our mental process and behaviour. Our behaviour and mood rely on multiple internal and external factors. In...
In 2015, an unknown company, Tether Limited, issued its own token, undertaking to exchange it for real US dollars at a rate of 1 to 1. At that time, this crypto asset was profitable to use: Cryptocurrency exchanges in order to avoid the requirements of the Regulators for the verification of traders depositing accounts in traditional currency (fiat); American...