In the world of trading automation, one size does not fit all. Different types of assets like cryptocurrencies and forex have unique properties that make them behave differently in the market. To maximize the potential of your trading automation, it’s essential to adapt your strategies to the specific ticker you’re trading. In this post, we’ll explore the...
I avoided trading on Non-Farm Payroll Day! 28 August to 01 Sep 2023
TL;DR
Total Profit of approximately $300 (around +3%) for the 4th week of August 2023.
Total 5 trades, 3 wins & 2 loss.
1-hour Timeframe, Oanda, XAUUSD(Gold), $10,000 Capital, $200/ 2% per trade.
Mechanical Consistency Trading Strategy; Purely rule-based strategy, zero...
Hello traders
Here is an educational video of how you could have entered the GBP/USD trade this morning.
So, as I stated yesterday we continue bearish until market structure changes. It found strong resistance in the flip zone I had drawn out. Dropped to a lower time frame and market structure turn from bullish to bearish.
You can then find your (OTZ) optimal...
If you saw my last idea then you'll know that this is the start of my trade journal which I want to do for at least a few months, just to get to grips with journaling my trades and to also give other traders an insight into the other average guy who is trying and learning this trade (Pun most certainly intended)
If you didn't see my last idea, this is it:
Im...
I'm looking for a DT entry here on AMD but instead of entering prematurely and hoping it goes up, I'm waiting for bullish confirmation that will happen if bulls reclaim the resistance and use it as support. Meaning, it should shoot above resistance, then dip down to that line as SUPPORT. That would be my ideal entry.
Watch to see what happens here. Good...
More examples of trade setups and how I use my custom algos to help identify stronger trade opportunities from other symbols.
In this example, near the end of this video, I review the QLD chart (Daily) which provides a very clear example of major trend vs. intermediate trend. It is very important trader learn to see these opportunities from all aspects.
Please...
This second video reinforces the concepts supporting my simple method of validating or invalidating trade setups using price channels, Fibonacci price theory, Stochastics, RSI, and simple price metrics.
Anyone can do this - it just takes a little patience and learning.
The trick to the ENTRY is to WAIT to see how price reacts near support/resistance.
REJECTION...
If you understand the market environment, you'll be a better trader. I've been using Bollinger Bands to identify the market environment for over 20 years. In today's video, I'll explain how to use them to identify a two-way tape, when a market will keep trending, and when it will revert back to the trend.
Flag Pattern:
A flag is a chart pattern formed during a counter-trend move after a sharp price movement.
Why is it called Flag?
It is named because of the way it reminds the viewer of a flag on a flagpole.
What does the Flag Pattern represent?
It signifies trend reversals or breakouts after a period of consolidation.
The five main characteristics of a Flag...
In the fast-paced world of forex trading, understanding price action is akin to possessing a treasure map. Price action analysis is the art of deciphering market movements based on price movements alone, without relying on indicators or oscillators. In this comprehensive article, we'll reveal the essential price action secrets that every forex trader should...
Over the past 20+ years, I've only mentioned a few money management rules.
But then I thought about it, and realised there are so many more I use when I trade.
So with this TradingView platform, I’m going to share my 14 most essential risk management rules I’ve ever come across.
RULE #1: The 2% Rule – Limit Your Risk
You might have seen this risk rule...
Trading is the most simple and hardest career you can have.
There are simple tasks to take but difficult to mentally handle.
Success requires discipline, strategy, and often, a good amount of experience.
However, there are many reasons why people may struggle to achieve profitability in their trading endeavours.
Here are some common pitfalls that might be the...
-Bonds offset volatility for equity prices
-Even though Bonds Are An Inflation Risk
-Bonds Are Also At Risk Of Interest Rate
TVC:US30Y are budget friendly even though they offer low returns
To learn more about the financial markets watch this video
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thanks
Lubosi...
An interesting conversation arose between 2 or 3 people in the ForEx chat on Thursday.
It was one that was essentially a di*k swinging contest.
"I can make better trades than you"
"No, my trades are better"
"No"
"Yes"
"No"
I think you get the idea
It came about that on the following day, the Friday 8th of September, they were going to call trades throughout...
What is divergence?
Divergence in trading is one of the key tools used by us traders to analyze the market and make decisions about entering or exiting trades. It is based on observing differences between two different indicators such as price and oscillator. The advantage of using divergence in trading is that it allows us to identify possible market reversals...
About sums up the JSE right now...
📉📈 The JSE ALSI 40: Where Sideways Meets Rollercoaster! 🎢🐂🐻
Hey there, fellow traders and market enthusiasts! 📊💰
Have you been following the JSE ALSI 40's wild dance since December 2022?
It's like watching a cat chasing its tail, but with more financial suspense! 😅🐱
Picture this: The ALSI 40 chart looks like a DJ's...
Example of how to combine Ichimoku Wave with Japanese patterns.
Important Notes:
The best practice is to calculate waves or J-Patterns in a Daily chart (It Can Be Done in 4H)
find the targets in the Daily or 4H chart for Long Term Trades
Use a lower time Frame for Swing or Scalp Trading
Remember that after a series of J-Patterns, the P & Y will appear...
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Hello traders!
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Have a good day.
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(XRPBTC chart)
In order to trade, you must select support and resistance points and proceed with the appropriate trading method.
To do this, we work hard to analyze charts and apply them to...
