Welcome to the Day Trader's Toolbox, a 3-Part series focused on enhancing your day trading skills. In this second instalment, we delve into the intricacies of VWAP (Volume Weighted Average Price) , a versatile indicator that can help you navigate intra-day price action. I. Understanding VWAP: What is VWAP? VWAP calculates the average price at which...
this tutorial expands on finding confirmation before buying or selling the market
Understanding volume in relation to price movement can be crucial for successful trading. The On-Balance Volume (OBV) indicator offers this valuable perspective by combining price and volume to gauge market sentiment. This article explains how to calculate, interpret, and apply the OBV in your trading strategies. The On-Balance Volume Indicator Explained ...
TradingView is not just another trading platform; it’s a vibrant community of traders, analysts, and investors from all walks of life, collaborating to achieve their financial goals. With its user-friendly interface and an extensive range of features with
In the video I review my trades on the DOW Jones Index for the session and talk through the setups, price action and reasoning for the trades. I also talk through the overall bias for the session and the missed opportunity from my sessions plan. Feel free to join in our live trading room....link in the signature below. ** If you like the content then take a look...
In Lesson nr. 7 - we are going to learn how to PROPERLY draw trendlines,and learn what is their function when it comes to Chart Analysis and Trading in order to have a better chance of success!
Hey there, crypto enthusiasts and market savvies! Professor here, bringing you a critical update that you can't afford to miss! 💎🔥 00:00 Hey folks, let's dive right into the world of altcoins. You've been hearing me sing praises for Bitcoin lately, but what about the underdogs, the altcoins? 🎤🤔 00:16 Well, guess what? I haven't forgotten them; I've just been...
In this guide we will explain how to connect and automate a Buy&Sell strategy with 3Commas using a Trading View indicator. This guide will enable you to create long strategies on all spot pairs available on 3Commas. In this example we will set up a Buy&Sell bot that will open the long position when the Tweezer Bottom - Bullish indicator signals the pattern....
The difference between trading and gambling. This article will shine a light on the most frequent mistakes that traders make. These mistakes blur the thin line between trading and gambling. Many people have spoken on this topic, but we truly believe that it is still not sufficient, and traders should be better educated on how to avoid gambling behaviour and...
In this guide, we unveil the secrets of Bullish Pennant pattern, exploring its psychology, identification, and trading strategies. If you appreciate our charts, give us a quick 💜💜 Understanding the Bullish Pennant Pattern: The bullish pennant emerges post an uptrend, forming a small symmetrical triangle (the pennant) during consolidation. This pattern...
Patience, passion and persistence. The three Ps of what it takes to make it as a trader. We like to say 5% is action and 95% is waiting. And that’s why I’ve written a complete guide to being a patient trader. Let’s start… No Impulsive Decisions Impulsive decisions are the bane of any trader. The market is known to be volatile, jumpy, fickle and are prone...
When analyzing the crypto market, we often use the concept of a "market narrative." However, it's essential to understand that these narratives are not solely shaped by price movements and chart manipulations but are also influenced by external factors. In the world of cryptocurrencies, this market is significantly different from traditional financial markets. It...
It appears to resemble a base, but it might also be interpreted as a rising wedge. One represents a potential reversal pattern, while the other suggests a continuation pattern. These interpretations can lead to conflicting perspectives. So, how do you make a decision? I personally prefer to blend moving averages and the Directional Movement Index (DMI) to...
The curve represented by y=x^3 is highly regarded in financial charting. This particular graph is pivotal for various financial charts, notably in the gold and oil sectors. The chart often commences with a Hunt candle in a High High is typically positioned in a descending orientation and a Low Low is typically positioned in a ascending orientation. Importantly,...
In my intraday-trading, I'm pretty good to make money on a regular basis. It's a long time since I got out of control. But yesterday, I messed up twice. I was going short in a level, where I knew it was the bottom. The S&P500 intraday Chart showed clear support. And if the S&P goes north, the NQ will too in most cases. Then I did not follow my (any) plan and...
In Lesson nr. 6 - we are going to discuss the rules on how to understand trends for market prediction, how they work and where the Stop Loss should go in order to have strict rules when it comes to trading!
A key factor in trading is to know how to draw these area cause they can help you determine the next move for the next
A question I am asked frequently is how to convert between futures and the value of its corresponding ETF> In this tutorial, I quickly show 3 simple ways we can do it, using publicly accessible indicators. NOTE: I didn't mention it in the video, but you can also use this method to convert between the ETFs/Futures and the corresponding leveraged share. For...