In this post I want to explain how I use the Logical Trading Indicator V.1 that I published as a community script here on TradingView. The following strategy is what I use on a daily basis with a number of different assets, primarily crypto and FOREX, but can work with just about any asset with a chart. This post is not specific to one particular timeframe, but I...
Introduction In this tutorial, we delve into the heart of Mark Minervini's trading philosophy—his specific exit criteria. Mastering the art of exiting a trade is as important as knowing when to enter. Minervini, a renowned stock market wizard, emphasizes that the secret to successful trading lies not just in selecting the right stocks but also in understanding...
Trend lines are the simplest and most basic concept of technical analysis. It is also, paradoxically, one of the most effective tools. Since almost all price patterns require the use of trend lines, the latter are the basic element of both pattern definition and its use. Now we will discuss what trend lines are, how to work with them and how to determine whether...
Have you ever considered using the Ichimoku Cloud, a powerful and versatile technical analysis tool that goes beyond traditional chart analysis? 💜 If you appreciate our guides, support us with boost button 💜 Discover the Ichimoku Cloud, technical analysis tool developed by Japanese journalist Goichi Hosoda in the late 1960s. This method visually represents...
Hey traders, In this article, we will discuss a very common pattern that is called gap. In technical analysis, the gap is the difference between the closing price of the previous candlestick and the opening price of the next candlestick. 📈Gap up represents a situation when the price bounces up sharply at the moment of a transition from one candlestick to...
While news and events typically have a significant impact on trading indexes, there can be situations where certain factors mitigate or dampen their influence. Here are 10 hypothetical reasons why news and events might not have a substantial impact on trading indexes, considering the context provided earlier: 1. Market Stability: In a period of overall market...
The market moves in two phases; Impulse and Correction. Impulse is composed of a strong bullish or bearish momentum while Correction is composed of a sideways move, which is always a serious consolidation. Trades are taken at the break of the correction
Updated Watchlist: www.tradingview.com Our Strategy: 🔍 Cathy Wood and Mark Minervni - Combining the BEST of both WORLD's. Ever wondered what happens when you marry the visionary investment approach of Cathie Wood with the precision of Mark Minervini's swing-trading techniques? Look no further. We've crafted a strategy that brings together the best of both...
I always ask myself: What's my favorite chart pattern for finding high probability entries? I look at my stats, I look at my various strategies, and I always find I like one type of trade best: Trend Continuation trades using double tops for shorts and double bottoms for longs. The strategy is simple: Using 1 hour wickless bars, (I'll show you how in the...
I'm here to simplify your approach, offering clarity to decipher market movements. Let's demystify multiple timeframe analysis and pave the way for a more straightforward and effective trading journey. Subscribe now, hit the like button, and let's embark on this knowledge-packed exploration!
Inducement is the most popular phenomenon in the smart money concept, but most traders don't know how to label it properly and what its definition is. This post will definitely improve your ability to pinpoint the exact location of the inducement and how to use that inducement to your advantage. What is Inducement? Inducement is labeled IND on the chart,...
Anchoring bias is a psychological trap that subtly influences decision-making in forex and gold trading. This cognitive bias anchors traders to specific reference points, hindering rational analysis and leading to skewed perceptions. In this article, we'll explore the pervasive impact of anchoring bias in trading, shedding light on its effects and strategies to...
The Relative Strength Index (RSI) is a momentum indicator that measures the speed and magnitude of price movements. It is a versatile tool that can be used to identify overbought and oversold conditions, as well as divergences and trend strength. Overbought and Oversold Conditions The RSI oscillates between 0 and 100. Traditionally, the RSI is considered...
Divergent trading is when you compare the movement of a currency pair to the movement of a related indicator. We can see price is making new highs but our volume flow (Moving average) is making lower highs. Consider this a potential reduction in price to come.
Having an Eagle Eye from above on the sector gives us an overall perspective how the group of companies with similar business might perform. Having seen the performance or out performance of the sector we can than fine tune our direction towards one or two top companies of that particular sector or the companies that look best on charts in that particular sector...
Volume Profile is a technical analysis tool used in financial markets, including the forex market, to analyze the distribution of trading volume over a specified time period. It helps traders identify significant price levels and potential areas of support and resistance. Here are key aspects and information about Volume Profile in the context of forex trading: ...
News releases play a pivotal role in the forex landscape, often driving significant market volatility and offering both opportunities and risks for traders. This article delves into the intricacies of trading news in forex, from understanding the impact of different types of economic news to crafting effective strategies and the importance of execution and...
In this idea I'm providing to you the use of a 10/28 Moving average that you can find in my profile. This particular indicator is specifically designed to use for this type of strategy. keep in mind that also any previous video I made sure to note with all of you guys if you are using a pair of indicators on your chart then the settings for both of these...