📊 Day Trading Strategies 📊 ━━━━━━━━━━━━━ Day traders use numerous intraday strategies. These strategies include: 🛑 Scalping: This strategy attempts to make numerous small profits on small prices changes throughout the day. 🛑 Range trading: This strategy primarily uses support and resistance levels to determine buy and sell decisions. 🛑 News-based trading: This...
One of the most commonly asked question by novice traders is "what indicators should I use?" which is unsurprising given the vast array of available tools on a typical trading platform. Some traders prefer to crowd their charts with all sorts of indicators, whereas others prefer a more minimalistic approach. While there is no perfect solution, one thing should...
Hello Traders , We have seen that GBP doesnt want to move lower , however path to move higher is not clear yet .... One point which can be clear if today daily candle closes above red descending trendline that price will be leaving its current range and will move higher and if GBPUSD manages to consolidates gains above trendline then it will be easier for it to...
Some of the typical occurances in the day week in week out. Here's what needs to be taken note : 1. Price hit the range has high probability for the price to reverse or move sideways (especially after London closes) 2. If price hit the range, sometimes it is followed by a "final" push (breaking the range) before a reversal happens. Some like to call it Market...
Welcome, traders! In this guide, we'll explore a tool that can significantly enhance your trading skills - the Volume Range Profile. You'll learn how to use it to identify key support and resistance levels, trend reversals, and execute successful trades. 📊💹 Key Learning Points: Understanding Volume Range Profile: The Volume Range Profile is a tool that displays...
I sorted out the principles of this long BTC trading strategy. This is a trading system with a high winning rate that I often use. It is very simple and practical. I will share it with you now, hoping to help you. As we all know, the risk of futures trading is very high. If you are a novice, then you are prone to failure. Liquidation and asset zeroing are common...
Cryptocurrencies are known for their volatility. While that may put some traders off, it creates many potentially lucrative scalping opportunities for those with significant experience and who can react quickly. In this article, we’ll explore five top crypto scalping strategies and help you learn how to scalp crypto effectively with a simple framework. What...
Formations in price action trading include candlestick patterns, often known as triggers. They can, with a high degree of likelihood, identify the direction in which the price movement will occur if they have the right location on the chart. The important factor is not simply the patterns' use but also how they interact with the structure levels and trends. The...
"Unveiling Secrets of the Gold Market for Traders" Welcome to the captivating world of the gold market, where you as (new) trader embark on a metaphorical journey filled with price movements , trends , and profitable opportunities . In this comprehensive guide , i will delve into the intricacies of trading gold, empowered with knowledge that will...
There is a great debate about whether technical analysis works or not, and my personal opinion is that most of the time, YES. In this educational post, I will use EurUsd as an example and we will see how, using basic technical analysis knowledge, we could have been on the good side of the market for more than 2k pips. So let's get started... We can see from...
📕📗📘In Elliott wave theory, a flat is a figure consisting of three waves, the ends of which are called ABC . This is a corrective pattern going against the trend. This pattern may look like a simple range that spends more time on sideways movement than on a real price increase. The pattern, as a rule, is a shallow pullback of the previous trend and can sometimes be...
Plenty of traders are struggling to trade the choppy ranging market of the past couple of months. Especially as it comes after an "up only!!!" period where making a mistake was an exception and (at least some) success the rule. Wicks and stops hunting are not making it easier. We always speak about preparing the strategy for the next leg, but traders still don't...
A lot has been said in the past about trading with the trend and of course when the market is trending your probability should increase when doing so. The reality of course that the market spends most of its time in ranges and when this occurs finding trends can be tough. In saying that, trading ranges can sometimes be easier to navigate the price action as the...
Hello, My friends/fellow traders Here is a short video showing the indicator TRADEMASTER ANALYZER in action. TRADEMASTER ANALYZER works on all timeframes and any market type. It also supports different types of trading styles mentioned below. What is Trend Trading? Trend trading is a trading style that attempts to capture gains through the analysis of an...
Traders need to adapt to trading conditions. With bitcoin I've shifted from bullish trend trading to bearish/range trading. I explain why I made the shift and how I trade ranges.
Hello my friends, so the idea this time is very simple. We determine if the market is trending or in a range based on the CHOPPINESS INDEX on the daily time-frame. If in the daily time frame the Choppiness index gets above 50 , than we enter in a range bound market.We determine the range based on the Daily time frame and enter short when the price hits the top ,...
This is why you should follow me! I predicted a breakout move and while I didn't commit to a direction, I did recommend you not make an entry at the price level indicated on the last chart. I stated in my last review of BTC just hours ago: 'I need to see confirmation of the 3rd data point on the support and resistance price level to make a bull or bear call....
Stop Loss Hunting, a manipulative tool, that is used by Market Makers and Whales to manipulate market every day and to take away money from Retailers. This is a basic yet advance topic to discuss. For simplicity sake, Let's break down this discussion in five parts :- 1) What is Stop Loss Hunting ? 2) How does it work ? 3) Why does it work ? 4) Why they do it...