Weakness = Up moves on decreasing volume & Down moves on increasing volume
Strength = Up moves on increasing volume & Down moves on decreasing volume
I usually try to take a look at the general background and get a feel on how weak or strong the currency pair is. When I have determined strength or weakness I will try to mark up confluent zones where sellers (if...
First, the whole concept is idiotic.
If I was an educator and someone came to me and asked about "risk management" "how much time should I spend on it" "what risk management should I have", I'd just slap them :D
Here is your risk management plan "don't be an idiot" now go play.
Here is what (correct...) trading is: via information gathering (patterns that repeat...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Trading Journal Basics 101
During my trading career one of the most important elements of trading is keeping records of your trading performance. Whether its using an excel document or software such as the EDGEWONK TRADING JOURNAL, its crucial to see where you business has come from and where its going!! Below is a small...
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...
One has to wonder why people all want to know "when to invest in crypto's"
Not "Should I invest" but "when" and anyone that disagrees with that mindset is "butthurt because they missed out on crypto", and "just jealous of the masterminds that bought in 2013". The crypto culture mostly revolves around jokes about "how much you would have made if you invested in...
The trading strategy is a common vision of how, by means of which methods, using what tools and in what markets the trader is planning to earn money for a long time.
In our case, since we are going to trade on the crypto-currency market, it is worth determining whether we will trade the most liquid coins using the marginal leverage, or it will be trading in...
Today I wanna show you my USDJPY perfect entry long position. The first setup Take Profit is hit but on the larger time frame we are aiming for much more. Have a good trading week everyone.
Hello, today I want to take a look at all these AMAZING "expert" trading educators. They truly are experts at being trading educators.
I just stumbled upon one of them. Oh my. Wow.
"I am a trader I know everything about finance here are my random tips that make no sense or are generic motivational tips. But I am a real investor I buy and sell foreal"
Age:...
RSI is the easiest and the most simple to read indicator in lifetime.
When RSI is approaching a 70-80 zone, you have to be extremely aware of shorting opportunities.
If market was an electric water heater , you should understand, that it can't go higher of boiling temperature or it will explode.
Anyway outcome is a drop and if RSI reached 80 , drop will be...
This is the Tortuga V.3 update showcased with a Mock Portfolio against the 3hr Timeframe. The Tortuga V.3 indicator has been backtested to be 79% successful. This indicator is for sale, if you have any questions shoot me a direct message on tradingview.
As always, thanks for watching.
James
This video aims to showcase the Tortuga V.3 Update on the 4hr timeframe along with a mock portfolio showcase. The V.3 update consists of 1 new lines of code that brought more successful and frequent long signals, and two new lines of code that also weeded out bad long and short signals.
The Tortuga indicator was backtested to be 75% successful, on both long and...
I want to write today about excellence in life. You can apply these principles to trading, although I am not here to talk about trading specifically - much.
As you may know, I've entered this market at around this price point twice, both times I was stopped out with minimal loss. So far, I haven't been entirely wrong about the market, but I haven't made money....
In the previous posts we discussed profit taking in different markets, profit targets, trailing stop losses, risk:reward, time horizons and how to identify a trend. Starting with part 1 is highly recommended.
Best Indicators
I have noticed that some indicators work really well when the asset is at or near all time highs and other indicators work best when...
In the previous post we discussed risk:reward, profit taking and trailing stop losses. If you have not read part 1 and part 2 then you are highly recommended to start there.
Taking Profit
Always taking partial profits, never making decisions for the full position. This is true when entering and this is true when exiting. It minimizes anxiety and...
IMPORTANT NOTE: If you are looking for a shortcut then this is not for you! This is for individuals who are enthusiastic about putting in the time and effort but may lack the structure.
I plan out my trades through in depth technical analysis, risk management and market research. I believe that consistency is the most important factor in regards to trading...
In part 1 we discussed how to identify a trend and the importance of understanding the time horizon. Please start with that post so that you understand how I identify trends.
Rules of Thumb
The longer the time frame = the lower the risk
The shorter the time frame = the higher the risk
The higher the leverage = the higher the risk
The lower the leverage =...
The Perfect Trader
Defined as an individual that never makes the wrong call. Someone that always buys the bottom and sells the top.
(This is contrary to the normal trader who buys the tops and sells the bottom)
I like to do something called "post-analysis". It is when I go back and look at historical situations to attempt to learn something (sometimes I do...
