1. Go to the 1D time frame 2. Open chart drop down menu and select Point and Figure* *Point & Figure below the 1D time frame is ONLY available to TradingView members that are subscribed to the Pro plan and above 3. Click on the SETTINGS wheel on the P2P INDi 4. Locate the DEFAULTS drop-down menu and select RESET SETTINGS 5. Click the INPUT tab 5....
In the traders' job the chart patterns indicating price changes are of great importance. This includes the "Cup and Handle" formation. A cup and handle is a popular chart pattern among technicians that was developed by William O’Neil and introduced in 1998. What does the pattern look like? "Cup with handle" is the term chosen because of the undeniable...
Trading Strategies to Overcome Market Challenges It's time to turn the tables on the bear market and make a powerful impact. With a clear plan, risk management, and calculated trades, we can take control of our investments. Let's dive in and make a dent in the market! Post: 🔥 The bear market may have left a dent in our bags, but now it's our turn to make a dent...
Price bounced off the 1.2683 support we identified and rose nicely to our take profit target at the 1.2832 level. In this review, we touch on why we used the 1.2832 level and not the swing high at 1.2850 - a lot of this is down to trade management and take profit placement. Please be advised that the information presented on TradingView is provided to FXCM...
Price reversed beautifully from the sell entry level we forecasted at 0.8988 and has reached the take profit target of 0.8908. The important lesson here is to place your take profit before a key level (vs right at the key level). As you can see in this video, price touched the TP level and took off in the other direction - just missing this crucial bit of...
In this video, I do a quick tape reading practice of the M2KU2023, the time is 09:30 NY Local time.
The symmetrical triangle is usually a continuation pattern The minimum requirement for a triangle is four reversal points. Remember that it always takes two points to draw a trendline. Therefore, in order to draw two converging trendlines, each line must be touched at least twice As a general rule, prices should break out in the direction of the prior trend...
So you never took a trade again? This could be where the problems are rising. It’s also where you are probably missing out on what could help take your portfolio out of the drawdown. And sometimes, despite favourable market conditions, you may find yourself still hesitating to enter a trade. I want to explore four common reasons why traders fail to take the...
As a martial arts enthusiast I found myself reading (again) my favourite book of all time, "The Book of Five Rings" by Miyamoto Musashi. TLDR; A 16th Century Samurai who had 64 duels to the death, never lost and wrote down all his techniques, thoughts and insights shortly before he died atop Mount Iwato. Yeah I know, crazy, but true. Anyway, I found myself...
A Cost-Benefit Analysis of Looking outside the Scope of Trend: To Peek or Not to Peek “The trend is your friend until the end when it bends.” - Ed Seykota Trend analysis lies at the core of technical analysis. Modern technical analysis derived from Dow Theory. In turn, Dow Theory emphasized the nature and importance of trends and their constituent parts and...
In this video, I work on ICT concept tape reading practice. I plan on making many such videos in the future.
The Simple Moving Average (SMA) is a commonly used technical analysis tool that helps traders identify trends and potential entry or exit points in the market. The SMA is calculated by averaging the closing prices of a security over a specified period of time. The most frequently used SMA periods are 20, 50, and 200. Here's how you can use these moving averages: ...
💰10000LADYSUSDT | LONG TRADE #1 - H8 FLAT BACK BULLISH HEIKIN ASHI ( At the Sweet Spot ) MONTHLY / DAILY / H12 / H8 / H4 BULLISH - UPTREND - Long bias #2 - Jumped onto the LTF M5 CHART and entered my LONG when price was below the value line in combination with the TDI shark fin entry. If price is confirmed on a bullish uptrend on the Higher time frame, then we...
I'll be watching just these line to understand that market structure is broken and new bull is here (+examples) 1. Orange - break and retest for bull 2. White - for bear break and retest 2 times, 3rd one just break down 3. Blue - waiting for break and retest of 1st and 2nd lines for bull
Today, I wanted to shed some light on EURUSD a fascinating phenomenon known as the upward channel, which can provide valuable insights for our trading strategies. An upward channel, also referred to as an ascending channel, is a technical analysis concept frequently observed in the forex market. It represents a price pattern characterized by the formation of...
There's a completely logical but not often used "technique" (if you can call it that) I see only very experienced traders use. When I do it I can understand why very few people actually stick to it. Yes it's profitable. Yes it will make you money both in the short term and the long term. But you will feel extremely uncomfortable. The technique I'm talking...
I like ONON here and it looks to be setting up nicely - Need price and short term MA's (yellow line is 10SMA and magenta line is 20SMA) to climb again above the 50day SMA (blue line) - and that would be a good entry for a possible new leg up from what may look like a 2nd bull flag. but here's the tip for this post: If you use K-MACD, you can see how extended the...
What is DCA? How to use the price averaging strategy to increase profits DCA or price averaging strategy can be an effective way to manage risk when investing in assets like stocks, cryptocurrencies… I will walk you through how it works and its pros and cons. for easy understanding. When considering investment, if you have a large amount of money in hand ready...