Our second TradingClue competition has come to a close, with over 38,000 views of the first clue alone. Was it harder than last time? Well, by the end only 472 people were able to successfully find their way through the clues cunningly hidden by our Cluemakers: decrypting, unpicking, and puzzling their way to the final answer. Well done to all who entered. 🏆 🏆...
Hello Traders In the absence of today's close to analyze volume. the euro/dollar future is still short, at least that is the information that the volume indicator says. The fast volume indicator just gave a short signal, also the slow volume indicator confirms the short trend. If the price closes below the 38.2% fibo there is a good chance that it will go for the...
1) Silver has found support at $21.5 level. 2) Silver May be following a parabolic pattern and that pattern says the bottom may not be in yet despite the price bouncing at an important support level. 3) Turning on MACD on the Monthly Chart shows that MACD Line has gone below the Signal Line after 1 year and 4 months, hinting at further downward movement (I love...
Dear traders In this in-depth post, I will show you everything you need to know about Renko charting, how they work, how to set them up, and how to realize significant profits with this fantastic chart technic. Renko charts are based on so-called bricks, which are build by price movement. Those bricks are built on two inputs, brick size and refresh time. And...
#traders confuse a plan with a strategy. if you are making a #trading plan and you don’t know where to start from, this is for you. a #tradingplan involves what needs to be done, why, when, and how. it covers your #trader personality, personal expectations, risk management rules, and trading system(s). when followed, a #trading plan will help limit trading...
What Is a Head and Shoulders Pattern? A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, where the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and...
Hi guys Today, I want to introduce you to the influencers that you should follow on Twitter and the news that they publish on their Twitter, can be effective in the crypto market. If you also know an important influencer who is not under this post, please comment. ♦️ 1.Elon Musk(@elonmusk) The ever unabashed defender of bitcoin and dogecoin, the King of Crypto on...
Release Notes: FINAL UPDATE This script is Open Source and completely free and will remain public indefinitely! We'll be releasing a Private Script with extremely useful Alert Conditions in ~1 Week! Consider following my Profile to see updates regarding trial periods and subscriptions. Start using the Free version of MTF Order Block finder before moving onto...
Backtesting is a manual or systematic method of determining whether a trading strategy or trading setup has been profitable in the past. A trader should backtest a strategy to help determine if a trading strategy is likely a waste of time and money, or if it shows promise and profitability in a variety of markets. While you can get software that does systematic...
what is a death cross? it show that the short-term market trend (50 day ma) is much weaker than the long term market trend (200 day ma) and we potentially can have a huge sell off in the market. often it pump the market up in the short term and then market will move thorough the downside. what is a golden cross? it show that the short-term market trend (50 day ma)...
We've been sharing ideas on this strategy for quite some time now as part of our 'forward testing' approach and log. In this video, I run through the strategy, how it works and how it can help. Everything we do at POW is based on 'proof it works' - this is no different and you'll see this in the data I run through for you. Any questions about gaining access...
The Organization of the Petroleum Exporting Countries (OPEC) The Organization of the Petroleum Exporting Countries (OPEC) is a permanent intergovernmental organization with main goal to coordinate and unify the petroleum policies of its member countries. This pertains mainly to securing fair and stable pricing in the oil market; efficient and regular supply of...
this strategy composed of 3 indicators only, ALMA, Fisher & Trix best at 30 minutes time frame non-negotiable... with trix crossing the line, fisher is in below the lines going up & candle is above ALMA line its a good entry for long. vise versa for Short entry..
In this video I address a question from a member of my social media. I wanted to answer this for them and educate others on why paying attention to Implied Volatility is important to your probability of success and your strategy returns if you are employing Premium Selling Strategies (Iron Condors, Credit Spreads, Straddles, Strangles, Butterflies, etc.)
1. Key levels breakout Bulls/bears become strong enough to violate a key support/resistance and are willing to push to new lows/highs The best opportunity for trade entries. 2. Trend continuation Strong bearish/bullish trend following movement. More and more trades join the rally after a breakout. 3. Consolidation & accumulation Oversold/overbought condition...
Hello everyone: Today I want to discuss a topic in Risk Management, specifically on when and how to move your STOP LOSS to BREAKEVEN or in PROFIT when you have a running profit trade/position. In an impulsive phase of the market, we want to make sure to protect our entry as well as secure profits. In this example of EURUSD, I managed to get 2 entries in, and...
What Is the Wedge Pattern and Its Common Characteristics? 1. Wedge patterns have converging trend lines that come to an apex with a distinguishable upside or downside slant. a. Wedge with an upside slant is called a rising wedge b. Wedge with downside slant is called falling wedge 2. It has declining volumes as the pattern progresses. 3. It breaks out...
In our previous post in this series about chart patterns we described the characteristics, rules, and causes of triangle patterns (if you haven't seen it, see the related idea below). In this post, we perform an advanced analysis of broadening wedges patterns. We provide a description of each pattern and its implications. We also review the literature in order to...