**THIS IS PURELY MY OPINION AND I AM NOT LIABLE FOR YOUR TRADING DECISIONS** I've been getting a lot of questions about my trading strategy. I think this AMZN chart is a good example for me to explain. I trade on the theory that price moves from supply to supply or demand to demand , which is a fundamental approach to trading that I definitely did not...
I sometimes struggle with emotional trading! What do you struggle with? Like and comment your thoughts 💭
Consider using different styles of charts simultaneously for a clearer view of what the market is presenting. Top: Traditional candles with fractal breakout levels. Middle: Point and Figure candles for cleaner price action. Bottom: Renko candles with a simple reversal strategy.
Taking a quick look at the levels that have been relevant for Gamestop $GME intraday since Friday. Super interesting take on trading and how markets behave. Not trading it, just observing it as a barometer of market risk appetite.
Like And Subscribe(😊 Thanks in advance) Why do Support and Resistance hold but sometimes break forcefully? you may ask after bitcoin recent price actions. I am sincerely more than happy😳 to welcome our new subscribers. My analysis are always multi-timeframes, so please do expect a full week play out of my predictions. as a result of my busy hectic schedules, I...
Like And Subscribe(😊 Thanks in advance) Why do Support and Resistance hold but sometimes break forcefully? you may ask after bitcoin recent price actions. I am sincerely more than happy😳 to welcome our new subscribers. My analysis are always multi-timeframes, so please do expect a full week play out of my predictions. as a result of my busy hectic schedules, I...
Are you still making these range trading mistakes? Majority of traders always have the sense of urgency to get involved into a position, which is a trait you need to avoid at all cost. Successful traders spend 90% of their time thinking, 10% of the time taking action. Trading in a range bound condition sounds easy, especially if you are referring to the textbook...
This is a recent short squeeze of BBY. I thought this would be a great example of how short squeezes can be identified with a basic understanding of volume and supply and demand. The text on the chart reads left to right.
Darvas box trade explained with Swedish sterling as example. Where to put on the trade, where to put the stop loss and context. Context, swedish sterling is a stock with increasing trade volume, in a rising market and in a bullish sector with news of a recent patent filing to the european patent office. Swedish sterling A clean tech company, filing a new patent...
Biko membership understand me Push the like button, write a comment, and share with your mates - that would be the best THANK YOU. make your analysis before a trade
Hi Traders. Today's topic is about one of my favourite reversal setups of all time. If you are constantly searching for the perfect double top pattern or you are looking to add a reversal strategy into your trading plan, this post is dedicated for you. Let's get into the story behind a double top pattern. Imagine yourself trying to get through a concrete wall by...
This is not 100% accurate, but here you will be able to see how price reacts to these zones more or less. These zones cannot be used by themselves, but by using a combination of confluences like identifying the major trend and the current market conditions.
Hi Traders. Today, I would like to discuss about a topic that's quite commonly neglected by beginner traders "Thought Process". Do get me right, no one can guarantee 100% accuracy in every position, but having a proper thought process almost always guarantee a better long-term performance, especially getting you mentally prepared in advance. To better demonstrate...
I've received questions regarding how to identify whether its a temporary/ short reversal or a complete reversal during the uncertainty. There are certain things that you should be looking for when you're looking for these two complete different setups. Mean reversion: 1. Shallow pullbacks - It's a primary indication that big players are simply pausing, wait for...
There was clear breakout For this triangle pattern Always be a price action trader, it's easily tells the breakout
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle. KEY TAKEAWAYS ...
Observe and always as yourself WHY?
Prices go up because there is an aggressive increase in buy market orders and prices go down because there is an increase in sell market-orders. Prices don't go up due to more sellers, an imbalance in the market can't exist. Summary: Buy Market Orders buy from sell limit orders. By doing that they buy the cheapest price someone else is willing to sell them for....