Logarithm. The time interval is 3 days. Cryptocurrency as an example. Cryptocurrency with high volatility (low liquidity) for dump/pump strategy. Primary trend — horizontal channel. Secondary trend — descending wedge. Local trend — consolidation after a wedge breakout. Line chart without “market noise” (volatility, squeezes). Immediately want to...
The order block trading strategy is based on the concept of smart money, focusing on identifying specific zones where institutional traders previously executed their orders. Once we have successfully identified these zones, we patiently wait for the price to revisit these levels. By using a suitable strategy, we then enter our trades in the anticipated...
While charts, trends, risk and reward are our daily companions. Let’s not forget that life’s full of exciting opportunities beyond the trading desk. We are human at the end of the day. And you also need to consider extra elements that will help you propel towards success. Let’s get into the 5 Non trading activities you need to act on. Healthy Lifestyle:...
Mastering Stop-Loss and Take-Profit with ATR Indicator What is the ATR Indicator? The Average True Range (ATR) indicator is a nifty tool that helps traders gauge the market's volatility. Simply, it tells you how much an asset typically moves in a given timeframe. Placing Stop Loss to Avoid Getting Stopped Out Step 1: Identify ATR Value Look at the ATR...
Certainly, I’ll provide a concise overview of the benefits of automatic Forex robot trading: 1. Efficiency and Speed: • Forex robots execute trades automatically, ensuring timely responses to market changes. • Eliminates delays caused by manual order placement, optimizing trade execution. 2. 24/5 Market Monitoring: • Operates around the clock, capturing...
Introduction: The trading strategy "Choch Entry & Liquidity Model" has emerged as an innovative model in the financial domain, focusing on market entry and liquidity. This approach is built upon key principles aimed at maximizing returns and effectively managing risk. Fundamental Principles: The strategy relies on an entry approach known as "Choch Entry," which...
I'd like to take the time to tell my story and how I started trading. In 2016, I was in the US Navy busting my ass doing manual labor. It was then that I realized that I was tired of working for "the man" and I needed to change how I was going to make money for the rest of my life. I started researching investments and I learned how difficult it was to manage my...
Introduction In the dynamic and intricate world of commodities, Gold Futures shine as a versatile and compelling instrument for traders. As 2024 unfolds, these futures don't just reflect market trends; they narrate the story of global economic shifts. This analysis will explore the nuanced interplay between Gold Futures and Bollinger Bands®, offering traders a...
Took successful buys on gold after price broke resistance, waited for a pullback and entered anticipating price to move up with Asian volume. Looked to target a 4hr wickfill and stops were placed below the previous 30m candle.
The Forex market (FX), or foreign exchange market, represents a vast and dynamic space in which currencies are traded daily. Serving as the largest financial market in the world—trading in the Forex market reached US$7.5 trillion per day in April 2022, according to the Bank for International Settlements (BLS)—the Forex market delivers clear and actionable trends...
In this article, you'll learn about six of the most critical and "hottest" elements that make up or are associated with AI today. In addition, you'll learn the basics of the tools that will shape the future of trading. First in the biggest and wealthiest funds and then in smaller ones as well. I invite you to take a journey into this near and far future of...
The main purpose of my resources is free, actionable education for anyone who wants to learn trading. Consider following the attached links for improvement of your mental and technical trading skills - learn from hundreds of videos featuring the real story and growth of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad...
live trading looking for time and space concept documentation with commentary
In forex trading, currency correlation and diversification strategies are vital tools for managing risk and optimising returns. This article explores the nuances of these techniques, providing traders with insights to navigate the forex market effectively using currency correlation. Understanding Forex Correlation and Diversification In forex trading,...
Introduction In the complex and multifaceted world of economic indicators, initial jobless claims hold a special place. As a measure of the number of individuals filing for unemployment benefits for the first time, this statistic offers a real-time glimpse into the health of the labor market, which in turn is a vital component of the overall economic landscape....
All participants in forex trading sooner or later leave an open position overnight. Most often, beginners do not have access to impressive sums of money as initial capital, so they actively use leverage. Although it carries a lot of risk, it gives an opportunity to earn good money trading currency pairs in a relatively short period of time. Around midnight,...
Price eventually comes back to an older price. Similar to a return to mean strategy. Today: Simplify the strategy to ease future knn integration. (2) Small PineScript doubts are welcome.
As someone actively engaged in the academic study of psychology and conducting ongoing research on trading psychology, I am eager to share my accumulated insights with you. Over the years, my dedicated exploration of this field has equipped me with valuable knowledge. I hope you find the findings presented here beneficial to your understanding of trading...