Hello everyone! Today, I'd like to share some insights on how NOT to approach trading and thoughts on how to do it right. This short article was prompted by a memory from 2018, a time when the market experienced significant drops. Don't buy into price drops without understanding where the last short or areas of interest will be. 1.Trade possibilities and...
In this article, I want to make my argument against the famous Random Walk Theory: First, let's see if the simplest thing that we think is Random and generates random outcome is really random: Coin Flip The most compelling finding that raises concerns about the validity of the coin toss comes from the use of mechanical coin flippers, which can be made to...
In the video I discuss the concept of Anchors in trading and how I use them in my own trading. Anchors play a major part in identifying the prime areas to trade and also in risk management when in a trade. I will discuss my prime setups and trading areas using anchors and multi-timeframe analysis. ** If you like the content then take a look at the profile to get...
I am still perfecting my strategy after 2 years. I am trying to weed out analysis paralysis and overthinking. I will trade on the 15 minute as entry time frame I will use the 1 Hour for Key Levels and Structure I will not look at the daily, 4 hour, weekly, monthly, 5 minute or 2 minute. That will cause me confusion. I will master these two time frames first....
To me scalping is a form of trading that's done when you're in between your moving averages or in between support and resistance levels like inside of those zones or when you are inside of consolidation and distribution areas. A lot of you claim to be scalpers on small time frames when the truth of the matter is you are simply impatient and you use 1 minute, 5...
If you just started trading, you are probably wondering what time frames to trade. In the today's post, I will reveal the difference between mainstream time frames like daily, 4h, 1h, 15m. Firstly, you should know that the selection of a time frame primarily depends on your goals in trading. If you are interested in swing trading strategies, of...
Greetings I saw an example of a zigzag pattern on the GBP to USD chart, so I decided to share it with you guys. Nothing in the financial markets is a bet, I'm just trying to share the idea with you unbiasedly. This is not an analysis, only my point of view and the understanding of what I have been able to understand about the wave principle during these three...
This is a sample of basic market structure. It's shows how BULLISH Market on Higher Time Frame works including the movement in Lower Time Frame ( Short movement for BEARISH ) -vice versa on the other chart published Feel free to leave comment down below if there's something missed on our chart and excited to learn more. Thank you in advance :)
A trader usually works on a strategy that is strictly tied to one timeframe. This timeframe is used to determine the trend direction and search for strategy signals. Alexander Elder proposed to perform additional analysis and confirm the trend movement on two more timeframes of higher order. This technique was first described in his work, called "Elder's Three...
Have you ever noticed that when you speak to other traders about the market, your view tends to be the opposite view a lot of the time? You think the market is going down when they think it is going up, and vice versa. Going against the crowd can be looked down upon by traders, as the majority of them will question your motives or reasoning and tell you that...
Nassim Nicholas Taleb is a former options trader and risk analyst who is now a best-selling author and essayist. He is known for his work on black swan events, randomness, and antifragility. Taleb has written about mean reversion in several of his books, including Fooled by Randomness and The Black Swan. He argues that mean reversion is a statistical phenomenon...
I humbly apologize for the extended hiatus, as I was navigating through some profoundly personal challenges. Despite the setbacks, I’m pleased to share that my trading endeavours have not only persisted but also yielded remarkable results. Miraculously, each of our trades has culminated in a profitable outcome, marking a pristine 100% success rate. Allow me to...
Hey guys! In this video, we discuss some of the most important things to take into consideration before making the jump to becoming a full-time trader. Topics discussed: - Cash in, cash out and burn rate - The importance of a solid, time-tested strategy - Psychological pitfalls and how to avoid them - Long term wealth impacts Have questions? Let us know in the...
Hello, traders! We will talk about the popular strategy GRID bot. What is about Grid strategy? I am well-acquainted with grid trading. The concept involves placing orders both above and below a specific price using a "price grid" for orders. This grid consists of orders set at gradually increasing and decreasing prices. When I start to use a grid bot strategy,...
Logarithmic and normal (linear) charts are two different types of charts used to represent data in various fields, such as science, finance, engineering, and more. They differ in how they handle the scaling of the vertical (Y) axis. Let's explore each type of chart: 1. **Logarithmic Chart**: A logarithmic chart uses a logarithmic scale on one or both axes. The...
To build your portfolio. You need to learn to manage your risk. And over the last 16+ years, I’ve given you maybe five ideas on how to do it. Well, today I have 16 of the most essential Risk Management rules I could come up with in just one seating. They might not all apply to you. But most of them I believe will definitely resonate with you, your portfolio...
Hello, TradingView community! One of the foundational elements of technical analysis is the concept of 'Support and Resistance'. Whether you're trading BTCUSD, Gold, or any other instrument, these principles remain consistent. Let's dive in! 1. What are Support and Resistance? Support is a price level where a downtrend can be expected to pause due to a...
The Omega Toolkit has been designed and created in order to make traders better understand and respect their trading style. I have created this toolkit as a former technical financial analyst (certified by S.I.A.T.) to give access to anyone at a low cost to highly effective trading tools that can be used to create a lot of trading strategies that suit any style...