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 -- Also Rocket boost this post and follow this channel for more content -- 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...
Hello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (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...
In this article, I would like to talk about a less-known pattern, Bump and Run. The bump and run pattern is a reversal pattern that is formed after excessive speculation drives prices up too far, too fast. It is characterized by a sharp price increase (the bump), followed by a consolidation or pullback (the run). Here are some of the key features of the bump and...
It’s a big debate that runs the financial market. Is trading gambling? Well I’m going to try put it to bed in just a few sentences. There are two types of gambling. Gambling by chance and total randomness like slot machines, lotteries, Bingo, Wheel of Fortune and flipping coins. And strategic gambling which allows you elements of control of coming out with a...
Hello traders, today we will talk about patience Patience is the key to the best trades. #Plan your trade. #Do your research. #Wait for the perfect entry And many more but only patience will allow this process to unfold. It's crucial to develop patience as a crypto trader. It's simple to fall for the hype surrounding quick earnings and instant delight....
In a Day Chart Gold is Moving in a Bullish Rectangle. An Up Trend Line Help us either Market will continue to move within rectangle or Breakout the rectangle above the trend line.
Using a composite volume profile and setting the bars to significant lows in the last couple of years, you can see that the VPOCs (Volume Point of Control) are almost perfect. By using a hollow Composite Volume Profile in conjunction with a Solid Volume Profile, you can spot-check where low and high volume nodes are on different time-scale profiles. What does...
What to do with Doji? Beginning forex traders, having come across the candlestick pattern Doji, get lost and start making rash actions. They close and open positions, change stop-loss, etc. Naturally, such rush leads to losses. So how to be with doji, what to do when such a candlestick appears on the chart? What is Doji? A doji is a candlestick that has equal...
The chart patterns delineated, particularly on the 30-minute timescale, offer unequivocal insights into the temporal dynamics of market movements. A common pitfall among retail investors, guided by the Japanese concept of "Chiri mo tsumoreba yama to naru" (even dust, when piled, becomes a mountain), is the misbelief that high-frequency intraday trading is a...
As you assess the AUD/NZD chart, keep an eye out for significant order blocks and liquidity levels. These order blocks often represent areas where institutional or smart money traders have previously entered the market, and the liquidity sitting higher can be an attractive target for your trade. Here's a step-by-step approach: Identify Order Blocks: Look for...
Introduction: In forex trading, understanding price ranges and consolidation patterns is vital for identifying potential trading opportunities. Price ranges occur when the market is not experiencing significant upward or downward movements, and they are often a precursor to potential breakouts or reversals. In this educational guide, we will explore what price...