The Intricate Dance of Gold and the U.S. Dollar The relationship between the U.S. Dollar Index (DXY) and Gold prices is a fascinating study in economics. Typically, these two have a reverse correlation. The reason for this inverse relationship is that gold is priced in U.S. dollars. Therefore, when the dollar strengthens, gold becomes more expensive for...
Too many traders think they are taking a Random Walk through these market streets. Well this post is to help them define a direction. Can you use this to target the exact price and day/hour/min? No (well sometimes you can nail it) But just like the Map App on your phone it will get you within a certain degree of accuracy AND you will definitely generally no...
After that, it's leverage. The issue for me as a long-time trader, is people these days don't seem to have time, patience or the ability to absorb information. They read an article or watch a few seconds of a stream and assume they know! I am not just talking crypto, I mean in general. The attention span of a fish. I read a pretty decent article by this...
Understanding Volume Indicators: Volume indicators are essential tools for traders and analysts, providing insights into market activity and sentiment. In this guide, we'll explore seven common volume indicators and how you can use them to enhance your trading strategies. 1. Volume Volume is the simplest volume indicator, representing the total number of...
The third “stream” of incoming real data, which simply cannot be ignored when analyzing a chart, is volumes. I’ll try to explain why the third stream, what are the first two. On any chart of a trading instrument there are two scales, price and time. These are two real and independent incoming data streams. All Technical Analysis studies them inside and...
Using different time frames and indicators is a key aspect of a well-rounded trading strategy. By analyzing an asset across various time frames, traders can identify larger trends and shorter-term price action. Higher time frames provide a broader context, while lower time frames offer more detailed data on potential entry and exit points. Combining technical...
A proprietary trading firm, often abbreviated as "prop firm," is a financial institution that trades stocks, currencies, options, or other financial instruments with its own capital rather than on behalf of clients. Proprietary trading firms offer several advantages for traders who join their ranks: 1. Access to Capital: One of the most significant advantages of...
✅ Confluence refers to any circumstance where you see multiple trade signals lining up on your charts and telling you to take a trade. Usually these are technical indicators, though sometimes they may be price patterns. It all depends on what you use to plan your trades. A lot of traders fill their charts with dozens of indicators for this reason. They want to...
Hello traders! I want to share with you some educational content. ✅ MARKET STRUCTURE . Today we will talk about market structure in the financial markets, market structure is basically the understading where the institutional traders/investors are positioned are they short or long on certain financial asset, it is very important to be positioned your trading...
In the dynamic world of financial markets, where assets sway in value like dancers on a stage, mastering the art of risk management is essential. Traders, akin to choreographers, must orchestrate a delicate balance between potential gains and potential losses. Among the many tools in their arsenal, the trailing Stop Loss stands out as a dynamic approach that...
When it comes to effective trade management, overcoming the fear of taking a loss can be one of the biggest obstacles. Let's delve into strategies to address this hurdle head-on. 2 Truths and a Lie Which of the following two statements do you believe to be a lie? A: Successful trading is about achieving behavioural consistency. B: Successful trading is...
This video will show you the best months of the year you should be investing in US stock market. In the video, I showed proof that this method works almost every time. But if you feel you need me to guide you further on how to manage your investment portfolio, feel free to send me a DM now. If you find this video helpful, give it a like, drop comments, and share...
‼️ Forex traders use Fibonacci retracements to pinpoint where to place orders for market entry, taking profits and stop-loss orders. Fibonacci levels are commonly used in forex trading to identify and trade off support and resistance levels. After a significant price movement up or down, the new support and resistance levels are often at or near these trend lines...
WHAT IS BOS ? BOS - break of strucuture. I will use market structure bullish or bearish to understand if the institutions are buying or selling a financial asset. To spot a bullish / bearish market structure we should see a higher highs and higher lows and viceversa, to spot the continuation of the bullish market structure we should see bullish price action...
Navigating the labyrinth of financial markets requires a keen understanding of the two fundamental types of indicators: leading and lagging. These tools act as guides, offering traders glimpses into the future and affirmations of the past. To decipher their intricate roles, a primer on technical analysis is in order. Technical Analysis Unveiled At its core,...
Liquidity in the market is a key factor in price movement especially in the cryptocurrency market. Understanding how and where liquidity appears is fundamental to being able to determine the future price movement of an asset. Liquidity: I would like to start by showing what liquidity is and how it can be detected. In our case, liquidity is the accumulation of...
Hello traders this is a just simple visual of an effective intraday trading model. It is simple and effective but it must meet specific conditions. 🟣 Conditions 1) Price must sweep external liquidity PDH - The previous day's high 2) We need to see rejection, which means the price will return below the previous day's high level. 3) CSID on M15 must be created -...
This post is directed towards novice traders who harbor the belief that honing trading skills and mastering profit-making strategies is achievable solely through practice on a demo account. However, the unforgiving reality of statistics paints a stark picture: approximately 65-80% of novice traders find themselves facing financial losses within the initial months...