Currency correlation is important to understand in forex trading because it could impact your trading results often without you even knowing it. In this post, I will share some information about correlations in forex trading and how you are able to use it to your advantage to avoid unnecessary losses. Throughout my journey as a beginner trader, I have bought or...
Types of Trading Strategies When it comes to algorithmic trading, there are various types of trading strategies that traders use to identify trading opportunities and execute trades. In this chapter, we'll provide an overview of the most popular trading strategies used by algorithmic traders. Momentum Trading Momentum trading is a strategy where traders buy...
Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider...
Hi All, This is just to share on how I would approach a trade (as a trader). 1. Look for signs that the stock is forming a bottom (rounded bottom, inverted Head and Shoulders, Adam and Eve), rising above 200 day MA, Golden Cross etc. 2. Check out its longer term charts (ie weekly and monthly) as you will likely see a clearer picture of it's direction. 3....
In this video I show how to use Profit Bands in conjuction with a Solo Confirmation Simple Backtest using the GKD Modularized Trading System. The purpose of this tutorial is show users how to see the entries/exits for the GKD-BT Backtest. Always make sure that the Backtest's volatility and volatility setttings match the Profit Bands volatility and volatility...
Now I've been TRADING trend continuation for 180 days now and I had something come to me on WEDNESDAY. The market being in an over bought or sold situation can affect our TRADES. I'll be making use of the RSI to aid my setups (that is: where my SLs and TPs even entries will be). Here are rules that can guide you after watching the video. RULES OF THE RSI 1. Above...
☑️WHAT IS THE RISING WEDGE PATTERN? The rising (ascending) wedge pattern is a bearish chart pattern that signals a highly probable breakout to the downside. It’s the opposite of the falling (descending) wedge pattern (bullish). A rising wedge can be both a continuation and reversal pattern, although the former is more common and more efficient as it follows the...
The Wyckoff Method involves a five-step approach to stock selection and trade entry, which can be summarized as follows: Determine the present position and probable future trend of the market. Is the market consolidating or trending? Does your analysis of market structure, supply and demand indicate the direction that is likely in the near future? This...
Trading strategies are critical for successful trading in financial markets. Two popular trading strategies are pullback and breakout trading. Pullback trading involves entering a position after a price retracement, while breakout trading involves entering a position at the start of a new trend. Both strategies have their advantages and disadvantages, and traders...
After extensive efforts, the leader of FTX and FTX US has reported the discovery of billions of dollars in debt on both exchanges. FTX US, a leading digital asset platform, has announced a total of $374 million in assets, with the majority of the sum held in associated accounts. This marks a significant increase in the platform's financial stability since its...
Hello, dear traders🙋🏻; I am Pejman, and welcome to TradingView Tunes📺. As a lover of classic cartoons, I would like to explain Bull and Bear Trap using the Road Runner and Coyote cartoons😍. If you've never seen this cartoon👀, let me tell you, it's a masterpiece of trapping and pranking. But what does it have to do with financial markets🤷🏻❓ Believe it or not,...
Here are some common types of pullbacks that traders may encounter: Shallow pullback: A small retracement of a stock's price, typically less than 10%. Deep pullback : A larger retracement of a stock's price, typically between 10% and 20%. Trendline pullback: A retracement to a trendline that connects previous highs or lows. Moving average pullback: A...
In order to be successful in any market, it is essential to have trading discipline. This blog post will discuss what trading discipline is, why it is important, and how to improve it. Having self esteem and a positive outlook are crucial for any trader, as well as being able to stick to your trading plan. There are no shortcuts to success, so traders need to be...
Integrity… It’s what gives you certainty, confidence and trust for yourself. It’s what tells you, you can do it. It’s what makes you leap forward in life. And it’s what earns you self respect. With trading, you need to achieve self respect, to help feel more assertive with the trading decisions you make. In this short letter, I’ll give you some actions...
Many traders think that an extreme overbought/oversold reading indicates a stock index top/bottom. Very often espicially with a rising stock index, an extreme RSI reading implies continuation of the trend. Note in late 2019 the persistant bull trend had a very overbought reading, yet the final top wasn't in place until a double bearish RSI divergence. The same...
So you have a trading account opened. The money is in, your watchlist and charts are set up. But you have left your trading half-hearted with doubt, concern and little energy. This is what is slowing your performance. This is what is stopping you from growing your account. And this is why you’re living with second thoughts not seeing progress. May these 5...
There are several types of Fibonacci tools that are commonly used in technical analysis, including: 📊FIBONACCI RETRACEMENT Fibonacci retracement levels—stemming from the Fibonacci sequence—are horizontal lines that indicate where support and resistance are likely to occur.Each level is associated with a percentage. The percentage is how much of a prior move...
🔥Hi, friends! I will explain why altcoins are following BTC and how traders can take advantage of this idea. The first and main crypto is Bitcoin. I am sure that 99% of traders/investors discover crypto through BTC. 📊THE 4 MAIN REASONS WHY ALTCOINS FOLLOW BTC: 🔥 Bitcoin is the most influential cryptocurrency: As the first cryptocurrency and the largest by...