Millions of new traders come to trade the markets every day, but most get out with a smaller capital and more knowledge. Trading is a game of odds. nothing is 100%. So how do we turn the odds into our favor? There are two ways to become a profitable trader but they all come down to knowledge. This one i recomend. Since you are going to take loses anyway, pay for...
This video provides a quick glimpse on how to use the Replay function within TradingView. Replay helps you to remove future bars and bring them up one by one - this helps when you want to understand what your trading decision would have been at the extreme right of the screen.
A pending sell limit is an order placed above price and expecting price then to go down. If you think that price action will continue downwards, but first retrace upwards then use a pending sell limit order. Two risks: Price action not reversing high enough to hit your entry price before going down and second possibility is price action continues upwards hitting...
If you want to buy a pair at a lower price and think price action will go lower before price action goes higher in your trade direction, then use a pending buy limit order which is placed below current price and if your entry price is hit on its retracement, then buy limit order is activated. You are in trade. Two risks are price retracement does not hit your...
In this situation you would set a pending enter sell stop order below current price action, excepting price action to hit price and keep on going downwards to your target or take profit. Always, trade according to your plan and risk management, especially with larger stop losses and targets. The noted EurUsd daily chart was a set up of 1: 2.5 risk reward with 40...
Pending buy stop orders are placed above current market price action, and you expect price to keep on going up. These can be on any time frames, but daily is great if you are too busy to monitor your trades on a short basis. As noted on daily EurUsd chart, on Monday (pink line) a pending buy stop was placed above current price action, once price action later on...
Please refer to the two previous videos to fully understand this strategy and also understand how I see these tools and use them. Furthermore, please refer to previous morning videos to be able to trade effectively as I do. Finally I would like to thank you all, have a wonderful day!
Hello, Traders around the globe, Here is a reversal pattern of the Hull Moving Average. Stage #1: You want to see an acceleration of momentum = the blue crosses have spaces inside them. This stage is important because if you are doing day trade, you want to be sure that you are in a volatile environment. You don't want to be where the market is choppy with...
Beginners often ask me what the optimal trading PC looks like, what to look out for and whether there are special requirements. In pictures you can often see these trading workstations with countless monitors, etc. But the truth and the conclusion right away: You don't need special equipment or a special computer to trade successfully. If you are able to read...
Note I am using GBPJPY, a favorite of high leverage day gamblers as it has the biggest range of the 30 leverage pairs. I am not "spreading FUD", if day gamblers want to lose their money I do not care. Actually I like it. Finding success is satisfying but additionally watching others fail has an added sweetness that is irresistible. This is simply a reminder to...
Digital art is experiencing a renaissance. Therefore, in this idea, I have provided all the information needed to start making and selling our art in the form of NFT (non-fungible tokens) on blockchain. -- What is NFT? -- NFT is for Non-Fungible Token, something like Certificate of Authenticity. In real life, classic artwork and valuable, historical artifacts are...
We created Timelines to help people learn more about the companies and symbols they follow. Timelines are comprehensive guides that reveal the history, key events, and defining moments of a specific symbol. As a trader or investor, Timelines can be used to study the historical events of markets and the story that makes a symbol what it is today. In this video...
This is an idea about having a good thought process. The image of a sniper is often used. In the cover of the idea (screenshot at the end in case it does not display correctly) I put a few examples. I have not seen this on the internet and being shown by course providers, and how could they know, the internet is full of get rich quick with 5 minutes a day feel...
Taking AUDUSD as an example here, the spread is not the smallest relative to ATR nor the largest. The formula to get a breakeven winrate is 1/(1+reward/risk). Because we want winrate*reward = loserate*risk <=> winrate*reward = (1-winrate)*risk <=> winrate*reward + winrate*risk = risk (never 0) <=> winrate = 1/(1+reward/risk) For example with a 20 pip stop,...
First of all you are going to quit your 5 minutes charts. What is this? Day trading? If you are a day gambler I have a few words for you. It is the most obviously stupidest scheme I have ever seen. Not only retail day trades this is true, there are some institutions that day trade Forex too. The pros. The big boys. Not a single one of the "pros" makes money day...
We teamed up with a behavioral psychologist to look into the science behind the best song choices for trading and investing. We identified a formulae based on the five essential components of music — Tempo (BPM), Tone (T), Length and Volume (LV), Lyrics (L) and Mood (M). We then used these formulae to create two specialized playlists: Playlist #1: Zero In -...
Very quick video as a follow up to yesterdays placing orders one. In this video I show you how crazy simple it is to move your stop losses up within TradingView to protect your profits. Such an easy to use system. So visual. So cool! You can trade like this for SHARES, CRYPTO, FOREX and more... Well done TradingView and TradeStation Check out how you can...
Volatility is challenging. But it can also be exciting if you're ready for it. In this idea we're going to show you five tools to make better decisions for when markets are volatile, choppy or bearish. 1. Invert Chart Your Chart 📉 Invert your chart to see how it looks turned upside down. Open a chart and type ALT + I on your keyboard. On a Mac, type ⌥ + I. This...