👋Hello traders! In this post, I would like to introduce you to the VWAP indicator, which is used by major market participants in their trading. Moving averages are one of the most popular basic tools of technical analysis. More than 10 variations are known: EMA, LWMA, etc. All of them, in one way or another, use the same principle of data averaging; the...
Lesson 7 is one the most critical videos for your your success as a trader. Trader's phycology have been studied deeply by the pioneer Mark Douglas. His method have helped a lot of trader and institution to be successful or improve their performance This video explains some fundamentals concerning trader's phycology. Following his guidelines I believe will make...
hi, just wanted to share a couple of thought on management, mainly for new members. in my eyes, there are two categories of management: simple (fixed RR) and more complex (variations of trailing). Both have positive and negative sides. In my eyes, as a very very subjective opinion, simple fixed RR system will be better for most people. Or ok, I'll not speak for...
Railway Tracks Pattern is a secondary formation (unlike pinbars and inside bars) of Price Action, but no less frequent on the chart of price movement of a certain underlying asset. It occurs mainly during the correction of the main trend movement. That is, it is necessary to catch the pattern on a pullback from the main trend. ✴️ THERE ARE TWO TYPES OF PATTERN...
Traders, The market is designed to confuse retail traders, the reason for that is they know 95% of you enter these markets with no plan. You’re not aware of the levels, you’re not charting the pairs you trade, and you lack the basic skills to manage your money and your risk. You need to have a plan before you enter a trade, you need to have a strict set of rules,...
Hey traders, In this post, we will discuss trading sessions in Forex . Let's start with the definition: Trading session is daytime trading hours in a certain location. The opening and closing hours match with business hours. For that reason, trading hours are varying in different countries because of contrasting timezones. ❗️Please, note that different...
Hello Please take time and read it. The notice I want to explain is crystal clear for most Elliott and technical chartists but it is so important that needs to be mentioned again. Most of you know that a hard time in trading is when you do not know this trend that has started to move wants to stop here or there (or where). VERY VERY IMPORTANT: when a wave 3 wants...
One of the hardest things for traders, or anyone for that matter, is to adapt to change. Mostly we get stuck when things change, which makes trading difficult since the very nature of markets is change. This is where the cliché 'going with the flow' originates, but simply understanding the cliché isn't enough; we must internalize and practice it and get it in our...
Price is still above the loxp. So long as that pivot holds, price will continue climbing!
A trader told me that he has been in the market for several years now, but he had to revise his expectations. He is frustrated that he can't earn more and his dreams for which he started trading won't come true. He earns well, but not enough to live the lifestyle he would like. He thought about buying himself an expensive yacht, it was his goal, a status symbol...
In the world of financial markets, predicting future price movements is akin to unlocking a treasure chest. Two of the most prominent methodologies used by traders and analysts to decipher market movements are Trend Following and Mean Reversion. Each approach offers a unique perspective on how markets behave and provides strategies for capitalizing on this...
TradingView's Paper Trading isn't just for practice; it's a detailed educational platform that closely simulates the real trading environment, all without the risk of losing money. This feature is carefully crafted to mimic actual market scenarios, offering users a realistic preview of how their trading plans might fare.📖🧾 The video is packed with valuable tips...
Trading Strategies with the Relative Strength Index The Relative Strength Index (RSI) is a cornerstone in the world of technical analysis, assisting traders in capitalising on momentum-based opportunities. This article delves into three sophisticated RSI strategies, shedding light on how to deploy the indicator in different trading scenarios. RSI in Trading...
RSI hidden divergence is easier to identify than regular divergence. If you enter a trade based on regular divergence and hold for a few weeks, buying the dip becomes easier once the hidden divergence sets up. As we are currently in profit by about 400 pips, we are able to observe the current market flow on higher time frames without emotions. Hidden divergence...
Novice / Beginner intro to Ichimoku Kinko Hyo technique. for a succesfull trades, kindly note that the following 3 conditions must be present: 1- your entry point is always above green kumo 2- Bullish TK cross occured above the green Kumo 3- Chiko span is above TK we never trade in the Kumo. it's not recommended to trade below the Kumo, and even Bullish TK cross...
Markets move in contraction/expansion. Small swings can be thought of as a form of contraction and the bigger swing is a form of expansion. An Expanded Swing is simply a reaction leg that is bigger than the previous reaction leg or legs. Its minor swings growing up to be major swings. This represents a change in behavior that often causes confusion among the...
Hey, crypto traders and enthusiasts! Have you ever wondered if the day of the week could sway your crypto earnings? Well, a fascinating study from 2019 titled "The day of the week effect in the cryptocurrency market" by Guglielmo Maria Caporalea and Alex Plastunb decided to dive into this question. The study zeroes in on some of the big names in crypto -...
In this context, we define an intelligent order flow, which is a convergence of flows, in this case, downwards, leading the price to create congestions, i.e., internal breaks, and then consolidation phases, i.e., external breaks, which bring the price into the demand zone, where we should consider opening a long position subsequently. The pattern is clear: demand...