“Timon, I’ve been following your trading tips for the last 12 years and I STILL haven’t taken my first trade." But I will soon trade...
Soon?
Like tomorrow? Next week or in the next 12 years?
Procrastination is the thief of time. I hate clichés but I love that saying.
#1: STILL not ready for losses
I think most people don’t want to take losses.
They are...
Phase A: Phase A in a distribution TR marks the stopping of the prior uptrend. Up to this point, demand has been dominant and the first significant evidence of supply entering the market is provided by preliminary supply (PSY) and the buying climax (BC). These events are usually followed by an automatic reaction (AR) and a secondary test (ST) of the BC, often upon...
This is not a chart reading - and i'll keep it super short ... this is just a quick reminder that we have many powerful tools that we can use to enhance our analysis and trading outcomes.. too many that we sometimes forget to use them. The above chart shows a great example of that .. I was going thru the daily analysis and thought i should share this note with...
PSY—preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread widens, signaling that a change in trend may be approaching.
BC—buying climax, during which there are often marked increases in volume and price spread. The force of buying reaches a climax, with heavy or urgent buying by...
Phase A: Phase A marks the stopping of the prior downtrend. Up to this point, supply has been dominant. The approaching diminution of supply is evidenced in preliminary support (PS) and a selling climax (SC). These events are often very obvious on bar charts, where widening spread and heavy volume depict the transfer of huge numbers of shares from the public to...
PS—preliminary support, where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the down-move may be approaching its end.
SC—selling climax, the point at which widening spread and selling pressure usually climaxes and heavy or panicky selling by the public is being absorbed...
As I keep seeing people butcher the use of fib tools figured id make this quick visual to clear up confusions on how to actually apply them for anticipating moves.
Trading is a complex activity that requires many skills and knowledge. Novices who are just starting their journey in trading often make mistakes that can lead to significant financial losses. In this article, we will discuss 5 common mistakes made by beginner traders and provide advice on how to avoid them.
Lack of knowledge and experience
One of the main...
Candlestick patterns are frequently applied for the identification of early trend reversal signs.
Here are the three most common reversal formations that you may encounter trading different markets:
1️⃣ - Equal inside bar formation
Once the price reaches some important pivot point quite often it tends to form a weak candle with a long rejection wick (long...
1. Not having a trading plan: A trading plan is a set of rules that outlines a trader's entry and exit points, risk management strategy, and overall trading approach. Without a plan, traders are more likely to make emotional and impulsive decisions.
2. Not managing risk properly: Risk management is crucial in trading, as it helps to limit potential losses and...
Break of structure (BOS) is a very important component in the smart money concept in that it allows traders to identify the continuation of an asset price in a certain direction either uptrend or downtrend. A break of structure (BOS) can be described as a new higher high break above the previous swing lower high, a new higher break above the previous swing higher...
Criteria for a dead crossover is that the short term moving average crosses below a longer term moving average while both are pointing lower.
Criteria for a golden crossover happen when a shorter term moving average crosses above a longer term moving average while both are turning higher
IN this example I have used a 55 and 200 day simple moving...
Even with the right markets, time frames, systems, rules and ideas…
Trading is just not playing out you the way you thought it would.
It’s not growing your portfolio at the rate you wished…
It’s taking forever to get right…
It’s overwhelming and you don’t know which strategy to choose…
From my experience this is because of one reason.
You’re not treating...
Theory of multi-universe rhymes with idea that entangled market can go either way and we're not quite sure which. Since nobody can predict market in the future, we'd ignore news and stick with markets distinctive reaction to reports and news. Positive and Negative fundamentals pushes market to their causing path anyway, we just need to know which extent the...
Fibonacci retracement is a technical analysis tool to identify potential support and resistance levels in financial markets. The tool is based on the Fibonacci series, a mathematical sequence of numbers where each is the sum of the previous two numbers. The origin of the
Fibonacci sequence goes back to ancient India and the study of Sanskrit prosody. However,...
I've been working on the TT-3MACD PineScript update for about 4+ days.
It seems every time I make a breakthrough, there is more to attempt to build into it.
PineScipt seems pretty cool so far. Documentation is great - but it is a process of learning how the engine processes things.
My goal is to build a TEACHABLE solution for my followers - allowing them to...
Stress in trading
How can stress manifest in trading? Losses. Losses occur due to lack of knowledge or experience. They will always be present, as it is an integral part of the job. However, their quantity can be reduced. Paradoxically, one should not fight stress: it should be endured and one should come out of the situation with dignity. Moreover, stress can...
When it comes to trading, there are a few key things you need to keep in mind in order to be successful. In this blog post, we'll cover four important trade tips that focus on price action. By keeping these tips in mind, you'll be better equipped to make profitable trade decisions going forward.
№1: Identifying the current market structure
The first step to...
