Over the next few posts, we plan on reviewing single and multi-bar reversal bar structures. In proper context these are among the most important and informative of all tape features. They often mark important turns in the prevailing trend or the completion of a trading range. More practically, they can be utilized to position trades and stops against. These...
It's taking the world by a storm. Smart Money Concepts is what has become famous lately. Now I've been trading for 20 years and even I have learnt to adapt and adjust SMC to my trading strategy. I guess we have to evolve and adapt with what there is. Anyways, Today, I've written a complete Glossary on Smart Money Concepts terms for you. Enjoy! SMART MONEY...
Trading can be an excellent way to grow your wealth. But as you may know by now, it’s not a straightforward path without obstacles. In fact, several challenges can hinder traders from achieving success in the field. Here are four more significant success stoppers that traders face in their trading efforts. No Support from Anyone Trading can be a lonely and...
Hi NSE Traders, Greetings to you. Here is an idea / approach to trading NSE Stock Futures. As an ex-Banker from SBI, this is my personal approach. While most traders trade Options, that comes with far more risks than trading Futures. This approach ensures that your maximum loss can be capped to an amount set by you. It takes the benefit of Hedging to protect...
The pin bar is a powerful price action setup that tells a fascinating story concerning price momentum and the possibility of an imminent reversal in price direction. A pin bar is a Japanese candlestick that has a long wick on one side and a small body. Understanding the story behind the pin bar is essential. 📚What does the pin bar candlestick pattern tell...
Welcome back to our TradingView tutorial series! We have reached lesson number 3 where we will be learning how to open a command on TradingView and send it to a Mizar Bot. If you're new here and missed the first two lessons, we highly recommend starting there as they provide a solid foundation for understanding the concepts we'll be covering today. In the first...
RSI (Relative Strength Index) is a commonly used technical indicator in trading that helps identify overbought and oversold conditions in the market. It measures the strength and speed of price movements and provides traders with valuable insights into potential trend reversals. When analyzing RSI, three types of divergences can be observed: regular, hidden, and...
Hello Traders:) Enjoy this small tutorial about VWAP 1. Definition: VWAP is a popular technical indicator used in trading to assess the average price at which a security has traded throughout the required time range, weighted by the volume of each trade. It provides a reference point for traders to evaluate whether they are buying or selling at a favorable...
Dow Jones Industrial Average is the oldest index in the world. The index always shows what is happening with the US economy - the largest economy in the world. Let's look at the chronology of important economic events since 1916: 1916 Lusitania - Sunk by German Submarine / Emergency Revenue Act - Includes Estate Tax 1917 US Formally Declares War on Germany 1918...
If the market gives gap up opening and gap is not filled within 1hr. then there is high probability that market will drop or come back to filled the gap.
Trading as you know is a fantastic alternative to grow your wealth. However, it is not without its challenges. In fact, there are several success stoppers that traders face that can derail their trading efforts. Let’s look at four of them. STOPPER #1: Same Old Routine One of the biggest success stoppers for a trader is falling into the same old...
WHAT IS LEVERAGE Leverage is a tool that increases the purchasing power of the trader’s deposit. The mechanism is funded by the broker, or rather the liquidity provider working with the broker. The leverage mechanism is very simple. The higher the leverage is, the more funds we can invest in trading. Simply put, leverage is kind of a bank loan. But it is much...
Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (BTCUSD chart) The HA-Low and HA-High indicators are paired indicators. When supported by the HA-Low indicator, it corresponds to the time to buy, and when it rises to the vicinity of the...
In the seemingly chaotic world of the financial markets, a beacon of structure and predictability shines through in the form of fractal patterns. Bill Williams, the godfather of fractal theory, elegantly stated, "The market's chaotic nature can be first tamed and then mastered by understanding its underlying structure, revealed by Fractals, which are the...
Bitcoin (BTC) price is up 2%, with the rest of the crypto market flashing green in what can easily be assumed to be a weekend rally. However, the capital inflow comes after US President Joe Biden and Republican Kevin McCarthy reached the "agreement in principle" to raise the federal government's multi-trillion dollar debt ceiling. Bitcoin capital inflow as US...
Hello my friends! The most famous figure of technical analysis in the world. It consists of three tops, where the middle one is the highest. Accordingly, two shoulders and one head. The neckline in this case connects the two minimum values of the extreme top. ✳️ Pattern Breakdown The Head & Shoulders pattern is a common psychological pattern of market players...
You need to really watch this video it will show you exactly how professional traders think you will not find this information anywhere so pay attention and watch this video more than once to really get it Because professional Traders Know This Cheers, Lubosi Forex
My super simple 1m chart hyper scalping strategy that has been killing it for the last couple of weeks .. enjoy. Whats up gold gang .. thought id hop on here with a tutorial on how i trade my key levels on the 1 min chart. Firstly, this is a no bias strategy .. so we can take buys or sells depending how price reacts at the levels. High volume is a must here so...