Today I wanted to talk about two scenarios concerning market structure: the equal high for a bullish structure and the low sweep for a bearish structure. The crucial point of each setup, as always, is to identify a structural change called BOS. From there, I start looking for a demand or supply zone in the market where we should pay attention to observe the price...
Today, I’ll tell you about an amazing research study back from 2019 by a team of Taiwanese researchers, “Assessing the Profitability of Timely Opening Range Breakout on Index Futures Markets.” Takeaway: The study's results are compelling. Implementing the TORB strategy yielded over 8% annual returns across the tested markets. Remarkably, the TAIEX index...
Hey! We have a contradictory situation on the daily chart, and I thought I'd take a close look at this as an important model case. 1. After reaching a peak on January 11, price fell and broke through the lower boundary (Senkou Span B) of the cloud. At the very least this is an indication that the upward structure has begun to break down. However, such signs...
Identifying Trending and Range-Bound Currencies In the dynamic world of forex trading, recognising trending and range-bound currencies is crucial for making informed trading decisions and designing effective strategies. This article delves into the fundamentals of identifying these two types of market conditions in forex trading. Understanding Trending...
Trading with support and resistance levels is a fundamental strategy that offers insights into market psychology and potential trade entry and exit points. This guide will explore how to effectively trade using these levels, highlighting the importance of confirmation, rejection patterns, candlestick patterns, and confluence with other indicators. Understanding...
✅LEARN TO SAY THIS AFFIRMATIVE STATEMENTS AS PROFESSIONAL TRADER ✨✨✨✨✨✨✨✨✨✨✨✨ 👨💻Trading Affirmations: #1: “I am a successful and profitable trader”. #2: “I have full belief in my strategy and trading plan #3: “I will trade according to my strategy’s rules and not gut feeling #4: “I keep a journal of all of my trades ...
Overview: Since the significant bottom in June 2020, Natural Gas embarked on a compelling journey, forming a fresh impulse that concluded around the highs of August 2022 as Wave I in the Cycle Degree. The subsequent phase witnessed a corrective move, labeled as Wave II on the weekly timeframe, comprising three subdivisions: ((A)), ((B)), and ((C)). The current...
Hello everyone How did the price of gold change from 1970 to 2023? And the events that affected him The price of gold has continued to rise over the past five decades, from an average of $36 in 1970 to $2,080 in 2023. Despite gold's status as a long-term investment commodity, its value has declined several times. The periods of highs and lows coincided with...
In this model, we will examine a tactical approach to achieve high-performance entry. It all starts with an uptrend characterized by continuous structural changes. In fact, there are continuous directional changes until the retest of the supply zone on M30. Subsequently, the market reacts to this zone by pushing downwards and generating a CHoCH. Here, switching to...
Let’s discuss the four major mistakes traders often make when implementing stop losses. 😔 We consistently emphasize the importance of proper risk management, as using stop losses incorrectly can result in more losses than gains. And surely, that's not what you desire, right? 💰 Setting Stops Too Narrowly The initial and frequent error is setting stops too...
Mind Over Markets Part 1: Asymmetric Payoffs Welcome to "Mind Over Markets," a three-part miniseries designed to give you some practical tips to help you deal with the psychological stresses of trading. In this first instalment, we explore the concept of "asymmetric payoffs" within the realm of trading psychology – a notion that suggests making small,...
Mastering Trendlines: Navigating Bitcoin's Volatility In the ever-evolving world of cryptocurrency, Bitcoin stands as the pioneer, leading the charge in digital finance. However, its notorious price volatility can be a double-edged sword for traders and investors alike. To navigate these turbulent waters, one of the most effective tools at your disposal is the...
In this video I try to explain liquidity as it pertains to training in a simple manner. Liquidity are basically orders in the marketplace. Since trading is a zero-sum game, without liquidity, there is no trading. Simply put, If you wanted to BUY, then you would need someone to SELL to you, and vice versa. Smart Money has deep pockets and needs a large amount...
Contraction, Expansion, and Trend Phase *also known as the Forex Master Pattern * The contraction, expansion, and trend phase, or the Forex master pattern, is a trading methodology that focuses on identifying and capitalizing on the recurring patterns and phases that occur in the markets. They are based on the concept of these three market cycles. ...
Looking forward to 2024, we've got lots of expert guesses about what might happen with money, business, world politics, and new gadgets in the coming year. Here they are: 1. S&P 500 Peaks: Expect the stock market, especially the S&P 500, to hit new highs. It's like a good day on the stock exchange is on the horizon. 2. Robots at Work: More robots will start...
UP or DOWN - Who cares, the money can be made both ways!!!
The world of options trading often evokes images of fast-paced exchanges and high-stakes gambles. While a thrill exists, successful navigation requires more than just gut feeling. Here's where math steps in, playing a crucial role in transforming options from speculation to strategic maneuvers. Understanding the Underlying Magic: Options grant the right, but not...
A trend can be defined with price action or indicators. Understanding that all indicators lag and price behaviour is key I prefer price action to tell me if we are up trending, down trending or trading in a range. Before understanding the basics of market structure it is important to know that its more likely for a trend to keep going on than for the trend to...