I am going to reveal a powerful fibonacci trading strategy that I learned many years ago. It combines structure analysis, fibonacci retracement and extension levels and candlestick analysis.
Step 1
Find a trending market - the market that is trading in a bullish or in a bearish trend on a daily time frame.
AUDUSD is trading in a bullish trend on a...
So you missed a trade.
Or you are you often gripped by the fear of missing out (FOMO) in the trading world?
It’s a common feeling.
But let me tell you.
You might miss a train, but the next one is always on the way.
And the stock market will always be there for you to pump out more profit opportunities for you.
Today, I want you to not worry to much about...
I like to say…
Go where winners thrive and excuse givers die!
If you’ve ever uttered the following phrases below – I urge you to stop saying them from today.
And when you do utter these below phrases, you’re going to manifest losing, despair and hopelessness.
But it’s not your fault. It’s the conditions and echo of amateur traders – that other traders listen...
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We analyze charts in a variety of ways to determine trends.
I think the important thing is how to create a trading strategy using these analysis methods, not whether you can match the trend or...
In the previous TradingView article we spoke about FOMO (Fear of Missing Out).
And why it is really not necessary to deal with.
There is always the next trade coming.
There is always another opportunity coming your way.
There is always time to take the next one.
No we are going to unpack the five hidden dangers of trading with FOMO and how to sidestep them...
In this video, I discuss The Anti a trade first mentioned by Linda Raschke in her 1996 book Street Smarts. Her version used a Stoch indicator but, I prefer a modified MACD indicator. To take this setup, you first need an indication of market reversal. In our case that will be climatic activity.
So this trade has 4 parts:
Climatic activity or other indication...
With trading, time is money.
And every wasted moment is a missed opportunity.
Every day you skip. Every high probability trade you miss on whatever market you’re trading.
Even every loss you take according to your strategy, is one step closer you’re missing to success.
I wrote about time wasting in the previous article.
And I can’t stress enough how important...
You need to stop wasting precious time.
I have had members who’ve been with me for 15 years and haven’t even taken a trade.
I have written this article in a way that you can relate to the problems with traders wasting time.
Ready?
#1. Wait for Inspiration
Trader A: “I just can’t trade today. I’m waiting for that magical moment when inspiration strikes!”...
Introduction to Pivot Points:
A pivot point serves as a pivotal indicator in technical analysis, aiding in discerning market trends across various time frames. Essentially, it's an average of the intraday high, low, and closing prices from the previous trading day.
Traders interpret trading above the pivot point as indicative of bullish sentiment and below as...
We’ve all had this moment.
Where we stare at our screens, scratching our heads, wondering a bunch of stuff.
Why is this so slow?
Why can’t I press the button
Where am I going wrong?
We’ve chased trends, hesitated when we should have acted, and let our emotions play puppeteer with our portfolios.
Today is the turning point.
For you!
It’s time to say…
“I’m...
To trade well is nothing more than a calculated dance on the trading floor.
You need to navigate the volatile seas of markets and understand the essential elements of a trade.
And whether you’re a newbie or the MOST experienced trader out there, you need to adopt the same quintessential factors with your trading.
And that is, the elements that make a...
Today, we’ll start with what Fibonacci is and how to use it to spot significant market turning points.
Let’s start with...
A short story about Fibonacci
In 13th century Italy, lived a man named Leonardo Pisano – one of the greatest mathematicians of all time.
Leonardo (also known as Fibonacci), learnt all about Arabic and Indian mathematics during his...
You can learn a lot from the classic board game we all know and love: Monopoly.
And as a trader, if you decide to play it again with your spouse or children – you’ll find the game to be very different.
That’s because you have a better sense of risk, reward, probabilities and money management.
You have the patience to grow a sizeable portfolio and eventually...
Simple Trading Strategy - Generate your own take profit targets.
Today we're going to share with you a simple yet effective trading strategy that can be used on any instrument. Like any other trading strategy its not 100%, but, you can see from that illustration how effective it can be in keeping you in the right direction on a pair. You can add Moving averages...
REMEMBER
No matter what stock, index, Forex or other markets you’re trading, every trader needs 5 protection levels.
Stop loss to stop yourself from furthering losses
Time stop loss to get you out of non-performing trades
Adjusted stop loss to lock in profits when the market moves in your favour.
Risk % per trade to only lose a certain amount of...
Q. "I heard that there is a phenomena called “Lazy February”. Could you explain why it’s called that and what I should watch out for as a trader?”
A. I have not heard that term in eons! Here’s my 10 cents on how Lazy February got this name.
Short month effect
February is the shortest month of the year.
And because so much happens in February, many investors...
A. Remember when it comes to interest rate cuts it means the following:
Stimulates economic growth
This makes borrowing cheaper as interest rates are lower.
And it encourages more spending and investments by individuals and businesses.
Boosts buying from consumers
Also, with low interest rates it entices people to buy more.
And this is because the cost of...
WHAT IS AN ODD LOT OFFER?
An odd-lot offer is a financial transaction.
It is where a company offers to buy back small quantities of its shares from shareholders who hold fewer shares than the typical trading unit.
Usually it’s under 100 shares.
In the context of stock markets, an “odd lot” refers to a number of shares that is less than the standard trading...
