The Average Directional Index is a highly-respected tool in many traders’ arsenals, capable of measuring the strength of market trends. This article delves into two ADX-based strategies, exploring how to combine this tool with other popular indicators like RSI and EMA for a well-rounded trading system. Understanding the ADX Trend Indicator The Average...
In this article, we'll explore the concepts of leading and lagging indicators, common examples, and delve into the specific indicators within crypto transactional data. 💜 If you appreciate our guides, support us with boost button 💜 What Are Leading and Lagging Indicators? Before we dive into the crypto-specific details, let's establish the basics. In the...
Forex traders have the luxury of more highly leveraged trading with lower margin requirements compared to traders in equity markets. But before you jump headfirst into the fast-paced world of forex, you'll want to know about the currency pairs that trade most often. Here's a look at six of the most traded currency pairs in forex: 1. EUR/USD: Trading the "Fiber"...
the average true range indicator and a simple trading view tool make it very easy to visualize a price range for (day) trading
As we already know, a price trend does not usually reverse instantly. As a rule, upward and downward trends are separated by periods when the price is in a trading range - a sideways trend. To take a simple analogy, imagine a huge ship. It's not easy to slow it down, it takes a lot of time. Now imagine how long it takes to turn around? It's the same with prices....
The principle of supply and demand trading involves identifying a counter-trend candle that precedes a sequence of three consecutive candles exhibiting strong bullish or bearish momentum. This specific candle is designated as the supply or demand level. The underlying theory posits that when the price retraces to the region where demand previously triggered a...
Fibonacci retracements in technical analysis of various assets use a mathematical sequence discovered by Italian mathematician Leonardo Fibonacci. This sequence is a series of numbers where each number is the sum of the two preceding ones: 0, 1, 1, 2, 3, 5, 8, 13, 21, and so on. In stock trading, Fibonacci retracements are used to identify potential levels of...
This is the biggest misconception I see with (new) U.S. traders - day traders especially - and nobody is talking about this! You need to learn when the daily candle prints!! If your guru didn't teach you this.. it's probably time to find a new one..
What Did you learn from watching this video? In this video we look at the rocket booster strategy This strategy is representing 3 steps: #1 - 50 EMA #2- 200 EMA #3- EMA Crossover To learn more watch this video again Disclaimer:This is not financial advice do your own research before you buy or sell anything in trading.
The first and primary challenge for you in the first step of learning the system and trading is to commit all your efforts to learning the system. The result of your work should be: correct identification of the signal from the system, correct placement of an order, correct management of it until you exit the market. Therefore, your first step towards...
An investor (trader) is an analyst plus a decision maker. But the system and correct recognition of signals are not enough. Investing (trading) is an activity that requires making good decisions. And it is decisions of a specific type - under the conditions of the existence of risk. This very important topic. Today we will cover the first step towards making your...
The path from "zero" to "Top Investor" requires knowledge of how our brain learns the fastest. This is part of the knowledge of the path of success in trading. The best traders started from scratch - they knew nothing. One of the critical moments of their development was when they began to understand the system. It was often preceded by various events, moments of...
Recently, I've realized that my typical day involves constant encounters with indicators. For example, when the alarm clock rings, it's an indicator that it's morning and time to get up. I am checking the phone and once again paying attention to the indicators: battery charge and network signal level. I figure out in just one second that such a complex element of...
As we start the last month of 2023, which includes many holidays involving cooking and eating, I would like to reflect on how this journey has been much like mastering the art of a seasoned chef in the kitchen. ⏱ Timing is Everything: A chef knows that perfect timing can turn a good meal into an extraordinary one. Similarly, in trading, being at the right place...
Earnings reports are a critical element in the financial markets, often triggering significant shifts in stock prices. This FXOpen article aims to walk traders through the complexities of trading these pivotal announcements. From preparation to strategy, discover key insights for making informed decisions during earnings season. Importance of Earnings Reports...
The 50 EMA (Exponential Moving Average) is a technical analysis indicator commonly used in financial markets, especially in stock trading and Forex. It is a type of moving average that gives more weight to recent prices, making it more responsive to current market conditions. Here are three steps to understand the 50 EMA: 1. Calculation: - The 50 EMA is...
Attention, Canadians! If you are Canadian or even an American who trades on the TSX, I want to bring some very interesting discoveries to your attention. If you read my last post on ETFs, those were all American-based. I was researching Canadian-based ETFs for a similar post, and I came across something absolutely interesting that I thought I would share here...
There are a huge number of trading strategies in trading, however, there are some that significantly prevail over all others. They are based on the concept of liquidity. Let's look at them in detail. ✴️ STRUCTURED LIQUIDITY Swing High and Swing Low are market highs and lows respectively, and Equal high and Equal low are equal market highs and lows...