The financial markets are constantly evolving, and as such, traders and analysts need to stay ahead of the curve. One tool that has proven to be invaluable in financial analysis is the logarithmic scale. In this detailed guide, we will explore the logarithmic scale in financial analysis and its various applications in technical indicators. 1. The Logarithmic...
📊Trading is an art and science all at once, requiring various skill sets and tools to be successful. While a keen eye for market trends, quick decision-making abilities and financial literacy are essential in trading, it's the three body parts that are often overlooked but play a significant role in the process- the brain, the heart and the gut. 🧠The Brain:...
Trading the open range breakout. This strategy best works on days that the market or ticker gaps up or down. This method isn't fool proof so do your research and back testing to see how it can work for you!
STATISTICAL EDGE A player's advantage in a game of chance that ensures favorable outcomes over the long run is referred to as a statistical edge. Think about a situation where a coin is rigged so that one side has a 51% chance of dropping heads while the other has a 49% chance. When a player wins, they are paid 1, and when they lose, their opponent is paid...
Bitcoin has been gaining popularity in recent years as a digital currency, and its price has been subject to fluctuations. As traders look for ways to profit from Bitcoin, understanding psychological resistance becomes an important factor in trading decisions. What is Psychological Resistance? Psychological resistance is a level at which traders become hesitant...
Less is more... And this is just a summary of the most common 4 types of Gaps you may see,... 1. Break-away – Breaks out of a current trend 2. Exhaustion – Ends a current trend 3. Runaway – Runs in the direction of the trend 4. Common – Just an ordinary gap Can you think of any more gaps?
Elliot Wave Theory claims that Markets form similar patterns of formations on smaller time frames that are visible on higher time frames, (higher/lesser degree). Crowd behaviour which the theorist defined for traders or market participants is predictable in a manner that it ought to cause a definite result after each sequential or circumventing interval. First...
The RSI (Relative Strength Index) is like a tool that helps people who buy and sell stocks and other things to figure out how strong the price of something is. It works by looking at the prices of that thing over a certain period of time, like 14 days, and then putting those prices on a scale from 0 to 100. 🔸When the RSI is high, like over 70, it means the price...
BIG TIP OF THE DAY: If you want to ride up winners, lock in profits and reduce losers here is what to do. 1. Place your Entry Stop loss and Take profit (But have a TP 2 and TP 3 in place). 2. When the price approaches TP 1 (Close half of your position and move your stop loss to Breakeven) 3. When the price hits TP 2 (Close half of your position and move...
It is an innate habit to make excuses in life. We make excuses because it is the easy way out. And let me tell you. With trading, there is no EASY way. As I like to say trading is the easiest hard way to make money. It starts with NOT making stupid excuses such as: Excuse #1: “I don’t know enough about the markets – so I won’t trade yet” People don’t...
This is the 1% setup that's based from the daily TF and 3 MIN Entry
Trend Master usage. 0. Change to Heiken Ashi 1. Look for SAR buy/sell signal from Indicator 2. Identify trend price above 200MA or below MA200 3. Confirm with MA cloud 4. look for color of SR line it must be Blue for buy / Red for sell 5. Price (open) must be above SR line for buy / below SR line for sell
Not every pattern or indicator is a confirmation that you should enter a trade. Understanding the market structure is key and in these series we will explain how to read a Bullish and Bearish market structure formation with multiple indicators/strategies and what you should look for before entering a trade. The markets are either trending up or down until they...
Greetings, @TradingView community! This is @Vestinda, bringing you a helpful article on the topic of Fibonacci Retracements and how to effectively utilize them in your trading strategies. Fibonacci retracement levels are helpful for traders and investors in financial markets. They're horizontal lines on price charts that can show where price may reverse...
If you don't use your fibb tool much, (save your settings as a template first if you do) or for just a quick check to see if there is enough reward for the risk in the trade, you can set up your Fibonacci in increments of 1 (2.5 is 1:1.5) Do this as far as you like. You can extend lines left or right to check if the R Ratio you are looking for will fit this market...
Greetings! I made previous post about how to identify distribution using the Wyckoff Method. Since I am seeing a possible redistribution pattern playing out, I thought I'd follow up with how to identify redistribution as well. In redistribution, market participants who accumulated assets during the previous uptrend begin to distribute their holdings, leading to a...
Trading on key levels is one of the basic principles of Price Action trading in the financial markets. There are two main ways to trade on levels: on the breakout and on the reversal. How to distinguish a correct signal to enter the market from a false one, how to set stop-losses and take-profits and what other nuances should be considered when trading in this...
Good afternoon gold gang! i hope you are all well and enjoyed your bank holiday weekend. This weeks educational post is based on trends and how to define them. The example above is of an up trend. You can follow this example in a down trend situation also, just in reverse. Ok so what do i look for .. on the 4hr chart .. im looking for my key levels as always....