In our previous blog posts, we explored the importance of volume analysis in understanding indicators that can be used for volume analysis. Today, we'll delve deeper into how combining volume analysis with technical analysis can provide valuable insights for traders and investors alike. We will do so by laying out a strategy that anyone can use that will utilize...
1. What are indicators?
Indicators are statistical tools used by traders to analyze and interpret market data, with the goal of identifying trends, patterns, and potential opportunities for trading.
These tools are based on mathematical calculations applied to various types of market data, such as price and volume, and can help traders make informed decisions...
In this educational article, we will discuss the foundation of price action analysis: the concepts of highs and lows.
In order to grasp that concept, you should learn to perceive the price chart as the sequence of zigzags.
Depending on the direction of the market and the shape of these zigzags, its peaks will be called differently. There are 6 types of them...
"Look for a confirmation!"
"Wait for a confirmation!"
When I was learning how to trade and when I was watching and reading different trading educators, these words naturally pissed me off. What the hell are you talking about? What confirmation?
It was a full-blown mystery...🤯
Then, once I started to mature in trading and trade full-time, I became an author...
Renko charts are a non-traditional type of chart used in technical analysis to represent price movements. Unlike other charts, Renko charts are based solely on price movements and do not consider time. A Renko chart consists of bricks or blocks that represent a fixed price movement. A new brick is only added to the chart when the price movement reaches the fixed...
The RSI (Relative Strength Index) is like a tool that helps people who buy and sell stocks and other things to figure out how strong the price of something is. It works by looking at the prices of that thing over a certain period of time, like 14 days, and then putting those prices on a scale from 0 to 100.
🔸When the RSI is high, like over 70, it means the price...
Hello, @TradingView community! I'm @Vestinda, and I'm thrilled to share an informative article with you today about Fibonacci Retracements.
While they can be useful tools for traders and investors in financial markets, it's important to note that they are not infallible and may not always produce the desired outcomes.
As discussed in our previous post,...
Welcome to @TradingView , this is @Vestinda! We're excited to share with you our insights on the Dow Jones Theory and how it can benefit cryptocurrency traders.
Dow Theory, also known as Dow Jones Theory, is a trading strategy developed by Charles Dow in the late 1800s.
Charles Dow did not write any books during his lifetime, but he did co-found The Wall...
🔵 We are not going to focus on the Golden Ratio and the Fibonacci sequence in nature or around us. You can read about it in various books or on the Internet if you are interested. We will find out how these numbers can help in forex trading. Now, let's talk about Fibonacci retracement levels. Now let's get straight to the point.
Fibonacci retracement levels look...
Hey traders,
I receive dozens of questions each and every day concerning the topics to study to become an expert in technical analysis .
Here I have collected the main subjects that, in my view, are essential for successful trading.
*the order of the topics is spontaneous and there is no logical sequence
1️⃣ - Candlestick patterns
To me, candlesticks...
📍 What is Drop Base Rally in Trading?
The drop base rally pattern in technical analysis is a chart pattern that appears when the market falls, then enters a period of sideways price action, and finally, shows explosive upward movements. Market makers open buy orders from demand zones to have a long position in trading. This is some kind of study for technical...
There are three kinds of lies: lies, damn lies, and statistics. Fortunately, not always. Statistics enables investors and traders in financial and commodity markets.
In statistics, mean is also known as the average. It is a number that represents the entire data set. Mean is the sum of the data set divided by number of data points in it. For example, in a group...
😺Most beginner traders often think that money is made in the short-term timeframes, so they go the way of intraday trading, believing that it will enable them to quickly grow their small trading accounts.
😽They have this belief that the lower timeframe provides more trading opportunities that can allow them to make more money in the long run.
😻Given, the...
Intro/Overview
Harmonic patterns are specific patterns or formations that form naturally on financial charts. A harmonic pattern forms on the basis of geometric price action and Fibonacci retracements/ extension levels.
Harmonic patterns, if correctly identified, help traders understand price action and predict the direction of the price. Furthermore, these...
BTC is in a good setup for a head and shoulders to the downside. The head and shoulders is a bearish pattern where the price bounces and returns to the "Neckline" support level the 3 times with the final return resulting in a break of neckline support.
How to spot
The easiest way to spot a head and shoulders is to find a support level that the price is...
Forex traders that decide to trade in a bear market are looking for a strategy or a way to make a profit when markets are falling. But, is it possible to swing trade in a bear market? It is. The most used strategy in bear market trading is the swing strategy. Traders that want to swing trade must first understand the swing trade meaning. Swing trade is a trading...
Asian Kill Zone (ICT concept) 1 or 4 Parts:
Look At First Two Hours Of Tokyo or Asian Session
1) Look At Noted Jpy pairs on chart, on 15 mn timeframe
2) First two hours of Tokyo or Asian session with one or more Jpy, should give you a set up for 15-20 pips or more, attached UJ chart gives you 50 pips in 2 hrs.
3) Yes, look at previous session. Is there a buy...
Most beginner traders often think that money is made in the short-term timeframes, so they go the way of intraday trading, believing that it will enable them to quickly grow their small trading accounts.
They have this belief that the lower timeframe provides more trading opportunities that can allow them to make more money in the long run.
Given, the daily...
