Forex trading is not a 'get rich quick' scheme. It can make you rich, but it will do this slowly. In order to make large returns, a trader may have to take large risks. High risk trading guarantees greater emotional and psychological challenges. This may lead to quick short-term profits but it will also lead to discouraging long-term losses. Too many traders...
Almost all traders understand the concept of a drawdown - a period of loss making. A trader is not going to have a 100% trade win rate - there will be losing trades - and there will be times of consecutive losing trades. For some reason, despite understanding this concept, many traders don't ACCEPT this concept. Let me explain... As soon as a trader hits a...
1-don’t chase the market 2-don’t use a fixed position size 3-don’t trade without plan 4-don’t adjust your stoploss 5-avoid having itchy fingers if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart! if u like it press like-comment and folow me.thx
1-listening to others -you don’t know their trading plan 2-strategy hopping -focus on one trading method -learn more about the trading method 3-tweaking one strategy -develop new strategies instead 4-thinking in terms of absolute 5-comparing yourself to others if you are interested any crypto that you want analyze with me and any questions please do not hesitate...
1-you need money to make money 2-steep learning curve 3-in a drawdown most of the time 4-don’t have what it takes -trading takes time,energy and resources -few people stay 5-must have an edge if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart! if u like it press like-comment and...
4 Things To Look For Before You Place A Trade 1-do scalable things 2-find favorable risk to reward opportunities 3-anything can go wrong 4-never go all in if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart! if u like it press like-comment and folow me.thx
3 Things You Should Start Doing As A Trader 1-think independently -ask why? -validate the concepts 2-respect the market 3-money managment if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart! if u like it press like-comment and folow me.thx
Trading is simple, but not easy. Traders have difficulty succeeding simply because they are unable to follow clear rules over extended periods of time. So what are the rules that every trader should follow? (in my opinion) 1- Only invest what you Can Afford to Lose. Only invest money you can afford to lose, never ever borrow money or take a loan from the...
This is a tutorial on how to get the most out of Tradingview by using advanced price calculations. The focus will be on crypto, and more specifically bitcoin. Nevertheless these tricks can be applied to other assets as well. Let's say you want to look at the current bitcoin price. The problem is that there are a lot of different exchanges and they all have...
So I am going to breakdown an indicator that I have featured alot in my trades, so if we look at the crude oil chart here, we can see that in total we have 5 notable crosses of the rvi indicator, 3 bearish trades and 2 bullish trades for a total of 510 pips, 5 winners out of 5. Now the magic of the indicator is that it is both an entry signal and an exit signal,...
How to trade EMA timeframe : 4 hour Chart : MANABTC price is holding 100 EMA (7 candle holding perfectly) Good bounce off EMA 100 that's the good sign .. sideway accumulation complete Bounce is confirmation wait for retest ( we made bounce they are ready to move pump it added many new buyer and than again dump it and after filing order taking it higher ) >buy...
how to spot uptrend 1) adding a trend line in the chart which works as a support . 2) breaking of downtrend HH : previous high HL : previous low trading uptrend market is simple here HH is acting as a support so take time and add a zone at the higher high and analyze the candle (hammer , pin bar) perfect and at the bounce add some in to portfolio. HL : price...
1- Find one repetable pattern on a specific timeframe and track it on excel to know the exact % win rate. 2- patterns are more powerful than technical indicators, imho indicators should be only used for signal entries and nothin more than that. Remember all indicators are lagging indicators so patterns remains more powerful. 3- the ability to master oneself and...
You know what I always say right? PATIENCE IS KEY! The first lesson I learned while buying and selling cryptocurrency. Early on getting started, making an unlimited amount of mistakes and losing money, after a few months (years) of doing it wrong, I realized that just waiting would have been a million times better than buying and selling with no idea of how...
In this educational tutorial I cover key areas to help you succeed in your trading. You will see from my shares that I do capture hundreds and sometimes thousands of pips weekly. Please enjoy this and I hope this helps you as you trade the markets. At the end I give you information on how you can obtain free materials to help you learn this skill of forex trading,...
Conclusion I’am starting with the conclusion since i don’t plan to be on tradingview for some time. Pinescript is a really easy to use and learn language and i had a lot of fun writing all my indicators, i remember the first time i used it, it was a really nice day and i opened the script editor to edit the awesome oscillator indicator, i changed the sma to an...
Can you tell from the chart what the main 3 supports are? :) A- Horizontal lines. The price has a tendency to react to these lines... Every one knows about horizontal lines of support and resistance. These horizontal supports and resistances have to be drawn on swings high/low. Wicks or closes can be used... Here are a few examples: B- Diagonal lines...
I had this on my hard drive, I thought I would wipe the dust of it and write in in a clean manner in a post, helps me think more clearly. I need, and everyone can benefit from (new intermediate advanced legend even), having all of this in their mind: 1) Advice that trading is 95% psychology ===> Throw it in trash container Worse advice I have ever seen, or I...