This is a condensed version of my trading plan. I follow this plan faithfully every day, It is the foundation to my trading. I mentioned in my approach segment of this trading plan that I build my strategies based on the tactics within my playbook. All the tactics I use to build strategies I have listed here on tradingview and they are as followed:
Chart...
Today I received a question regarding what indicators or websites to use to infer and compare the strength between related currencies. I responded with a long winded explanation as to why it is not necessary to use indicators or websites to infer such information because it can be realized solely through price action. If we look at the daily range today on GBPUSD,...
This historical technical analysis for GBPUSD just for learning purpose to show to you the use of Harmonic Patterns as a Powerful tool of technical analysis . You can consider it a tutorial
First , the Buy Entry 1 in line shown in the green box was confirmed by the completion of point D for 3 harmonic patterns which are The Bat , The Crab and the Inverse ABCD...
Greetings Fellow Traders,
Price Action, Support and Resistance are a very critical part of trading and always aid in the removal of emotions from any trading scenario.
I've posted a couple of analyses recently regarding this pair, and one of them turned out to be an opportunity that would have been a loss. It's just as important to know when to exit your trade...
I am listing the tools I use daily, during my trading schedule, when I trade the Forex market. I am using general descriptions in this list since I am not endorsing any particular paid service, or website.
Tradingview
A high quality charting platform with all the price charts and many powerful yet intuitive tools. Every single trade I take I chart it here...
TEST YOUR TRADING SYSTEM
I will not go deep into this, because it quickly becomes a shouting match on who has the best system, which is usually more about ego than fact. It is sufficient to say that I have seen / know of profitable traders who use fundamentals, price patterns, Elliot waves, renko, moving averages, structure levels, pitchforks, trend rules and...
