"Playing Catch Up" - A clear, easy to follow 5 Step Trading Plan Template for Breakout Trading. Step 1. Recognize the change in trend. Whether you use ranges, patterns, or stage analysis, all essentially help to confirm that the trend has changed from down or sideways to up (or vice versa, but just make sure its in the same direction you plan on trading!). In...
BYBIT:ARKMUSDT.P Hey guys while this morning i have got a lot of alerts of charts not because I can't find one... there's just too many to pick from in this case so I hereby announce this is my first and THE SIMPLEST educational post shall we say ever. SET YOUR ALERTS!! - One thing I want to touch on while I'm on here and this is for absolutely everybody by...
In the today's post, we will discuss 3 types of analysis of a financial market. 🛠1 - Technical Analysis Technical analysis focuses on price action, key levels, technical indicators and technical tools for the assessment of a market sentiment. Pure technician thoroughly believes that the price chart reflects all the news, all the actions of big and small...
OK so according to our Pivots plan we well R5... When do you do when the FOMC announces, bascially nothing, we won't raise and Retail rallys the market and just keeps relentlessly climbing higher? One thing you could do is to buy protective options just in case this happens on FOMC day. If you write calls and take your profits up front you don't get killed by...
Navigating the world of cryptocurrencies can be like embarking on a treasure hunt, and today, we'll discuss the art of finding robust altcoins. AVAX and INJ serve as excellent examples of how to identify strong performers. Comparing AVAX with Bitcoin: When searching for strong altcoins, it's crucial to compare their performance against the market leader,...
People confuse being a trader with being a chartist. Traders can: - Mange emotions - Have Discipline - Execute on a trade idea Chartists can: - Make chart look pretty - Look sophisticated - miss trading opportunities because their too busy screenshotting for social media Only Few Understand…
THE DISCIPLINED TRADER How to enter the trade?? 1. Look for candle to cross our zones 2. If the candle crosses above our zone and closes above then take buys ( look no 4.) and vice versa 3. Look for 1hr candle confirmation / 15/30 mins TF for entry during Asian session and 30 mins TF confirmation/ 5/15/30 mins TF after london session. 4. Always wait for...
In the video I talk through the two trades namely trading continuation with Trend and then trading Countertrend Reversals. Both have their own price action points but are very different. I review a continuation trade and the setups I look for when trading from level to level...but the main focus on the video is trading Reversals which can be very rewarding but...
As the world of trading evolves and expands, new signal providers are popping up every day, promising to help traders identify potential market opportunities. However, there are many problems among legitimate providers from one of them: signal providers offer fraudulent Expert Advisors (EAs). These unscrupulous providers promise extraordinary returns and flawless...
We can see how the price was in a bullish structure making HH and HL. Touch a new Hh in 1h and came down to create a new lower low changing structure to bullish and create a order block in 3h. We just wait until New York for the retest. I open my position in psychological #183.400. I put my stop loss 25 pips up from my position #183.650 and my take psychological...
This is an example of how you can use Elliot Waves to enter a trade. The bigger wave is wave (1) which consists of 5 waves. Now, for wave (2), a WXY pattern happened in a parallel channel. It can also be called a double three pattern. Wave (2) reached 50% of wave (1). 50% - 60% is typically where corrections end. After that, we can see a sharp rise up. This is...
The trading value of the 5078 stock tickers traded in the 6088 billion USD. Hence, the trading value of the top 10 tickers with the highest dollar value of trading was 1811 billion USD, almost 29.75% of all circulated dollars in the market. The fact that the top 10 tickers account for almost 29.75% of all trading value is a sign of market inefficiency. This...
Power of 3 at work on Gold producing a 8.6RR move on 30/06/2023 FOREXCOM:XAUUSD Ict power of 3 is a strategy that reveal the market maker algorithm model for price delivery. Power of 3 simply means there are 3 things market makers algorithm do with price in ever trading days. Those 3 things are; Accumulation, Manipulation and Distribution. AMD: A:...
Learning how to trade crude oil requires a nuanced understanding of its fundamental aspects, instruments, and trading strategies. This comprehensive article offers insights into the critical elements that affect crude oil prices, the range of instruments available for trading, and specific strategies traders use in this market. The Basics of Crude Oil Crude...
Here are the entry conditions in detail: Before getting in a trade, find your trend confirmation signals. They let you know which direction the market is moving in. Trend confirmation signals (for a buy): - 2 candle lows above the cloud (shows that the trend has changed) - Lagging line above the cloud - Price/Lagging line has to be above the trendline Trend...
The only constant with the financial markets is… Change The market is constantly changing in a way that it’s bringing: New demand New supply New volume and fresh changes in the complex algorithms. If you want to thrive you need to learn to learn to adapt, evolve and grow with the markets. I want to cover four elements to today’s topic. The...
Hello, A simple way of looking at companies is by looking at their charts. The chart tells you a story the balance sheet might never communicate. It gives a story of who between the sellers & buyers is in control. First, let us understand what the candlesticks are and how they can be used Candlestick Charts: Candlestick charts are widely used in technical...
Greetings, traders! If you appreciate our charts, give us a quick 💜💜 In stock trading, gaps can significantly impact market dynamics. They occur when a stock's price makes a sudden leap between two candlesticks, often due to substantial news breaking after market hours. These gaps can be upward (gap up) or downward (gap down), signifying abrupt shifts in...