If you have already taken the leap and started trading – You may skip this article and enjoy your day 😊 Beginner traders, I’m writing this for you! Financial trading has never been more accessible, cheaper and innovative than ever before. What you have available today, I once had to pay up to $10,000 a year. And some charting platforms cost up to $25,000 a...
The Wyckoff Method, pioneered by Richard Wyckoff, a prominent figure in the early 1900s stock market, remains a powerful technical analysis-based trading approach. This article delves into the intricacies of the Wyckoff Accumulation and Distribution phases, fundamental to this method. Who was Richard Wyckoff? Richard Wyckoff, a highly successful American...
How to trade channels after sharp moves, where there is a valid money flow in the market. During this short video I just described one of very common and useful techniques that is applied for channel trading, which is for this video scalping, but it applies to all time frames. Here you need to get confirmation and be patient for pull back, it is important to...
The pinbar setup is a popular candlestick pattern that is widely used by traders in the forex market. It consists of a single candlestick with a small body and a long shadow, which resembles a pin. This pattern often indicates a potential reversal or continuation of a trend. In this post, we will discuss the best methods to trade the pinbar setup at key levels,...
Hey Everyone, Here at GVFX, we are currently buying dips. What that means is that we buy on the dips and therefore only concentrate on long positions/buys with the odd sells for fun. As mentioned before, having both sell and buy positions open in your account will affect your psychology and in turn, your trading decisions. Now a question that typically arises...
Target for wave 3 (Figure 1): As soon as wave 2 completes and reverses, draw a trend line from the origin of wave 1 through the end of wave 2, as shown in Figure 1. Then construct a parallel from wave 1, which will be the boundary for completion of wave 3 Target for wave 4 (Figure 2): When wave 3 completes and reverses, draw a trend line connecting waves 1 and 3....
🕒 Big Timeframes: Imagine looking at a painting from a distance – that's the essence of big timeframes. Daily, weekly, and monthly charts offer a broader view of an asset's performance over extended periods. They help you identify long-term trends and major price movements. 📊 Small Timeframes: Now, picture examining a single brushstroke – that's small timeframes....
Hello, traders! I've set aside some time today to address the questions you've sent me via DM. Let's get started! What settings should I use? Find the middle ground – not excessively tight, not much loose. Set your upper and lower limits at about 5% above and below the current market price. This approach ensures you stay comfortably distant from triggering...
When you’re a mechanical trader. And when you think you got trading in a bag. You still need to be logical and rational when trading the markets. There are exceptions. And you need to consider these exceptions which could have a profound effect on the financial markets. It’s these unforeseen circumstances, that you need to take the stand. You might need to...
► Phase of reaccumulation begins with a buying climax, wherein the previous rally takes a halt. ► Then a drop is seen which goes to the automatic reaction where other buyers jump in as they see value in the stock. ► After AR, a secondary test happens where another round of selling happens. ► AR and ST define the range of the reaccumulation. Note- at this point...
I'm sure many of you already know TVC:VIX (Volatility Index of the S&P 500) correlates to AMEX:SPY (the S&P 500 micro index). For those who don't and those who do, this is my up to date VIX chart. Please comment what you think! But the general idea is that... When TVC:VIX goes up, AMEX:SPY goes down When TVC:VIX goes down, AMEX:SPY goes up This is...
Greetings, @TradingView community! This is @Vestinda, bringing you a helpful article on the topic of Ascending Channels! An ascending channel, a potent chart pattern, stands out with two upward-slanting trend lines that define support and resistance levels. Also known as "rising channels" or "upward channels," these patterns offer insightful indications for...
TRADING IS THE MOST REWARDING BUSINESS IN THE WORLD. But 99% of traders don't know how to win. 6 STEPS TO BECOME A TRADING SNIPER: 1. Develop A+ setups - Focus on low risk, high reward - Don't worry if you need time to execute - You don't need to catch every market's movement to be successful One setup is enough to kill in the trading arena. 2. Focus on...
Wyckoff Most Popular Trading Method Across Retail Traders and Smart Money. Practicing on the Market to make myself expertise and Trade efficiently without putting my emotions while executing my trades. Will be trading on Smart Money like Orderblock, trendline, the break of Structure, Change of Character, and Now Wyckoff trade schematic with the trend to improve...
ONLY FRO EDUCATIONAL purposes. whenever you trade book a profits or loses and take a brake for a 20 to 30 minutes after brake come again and WAIT for the opportunity, IF You get the opportunity then TRADE and again book profit and take a BREAK . this cycle is very helpful to enhance your experience . all the best WAIT - TRADE - BRAKE, REPEAT 🔂 THIS CYCLE AND ENJOY.
There are 5 different EMAs that are being used in this strategy, ant he EMAs act as moving support and resistant areas. Sellers are found on the resistant areas that act as the ceiling, and they are able to sell the market down (sell high) while buyers are found at the support areas that act as the floor, and they are able to buy the market up (buy low). This is...
Hey all! I skipped last week's self-review as nothing major happened on the trades and setups I'm following. Since I'm now limiting the open trades to 4, I spent pretty much the entire period just monitoring the running trades. This week was a bit choppy, but well, that's trading. I am following a few interesting opportunities so we'll probably have some trading...
Elliott Wave corrective movements are deviations from the main trend and serve to correct errors or imperfections that occurred during the formation of an impulse movement. These corrective movements are defined by complex wave structures that can be repeated in different variations and combinations. The wave structure consists of two types of movements -...