In this post I wanted to do a breakdown of how to combine two profiles, so we had this big fall away from the VRVP, we had declining sized bars, we had less orders in leymans terms, so we can use a fixed range profile of the fall away to get a better reading of the orders in detail in the fall, remember VRVP gives a big scope, fixed gives a narrow scope, so price...
Volume profile is an underused and quintessential part of trading, it tells you build up of orders, it tells you fair price, and it tells you where the majority of the liquidity is. You can see in this chart, I have taken it apart piece by piece to show you the basic mechanics and why price moves the way it does, now be honest, how many of you rushed into...
How long and when I should trade? These are the main questions beginner traders have. In other words, what kind of time management should you have? Unlike stock market that is strictly tied to a schedule, the currency market works round the clock. That's why many newbie traders start to have a 24-hour life when they stare at the charts all day. They don't have a...
A beginner trader inevitably faces a number of mistakes that will cost him/her a lot of money. Many deposits will be lost as well as nerve cells through the trading journey. We usually pay for our trading mistakes with money and mental health. Don't you think the price is too high for that? If you try to avoid common trading mistakes, you’re going to have a good...
ATR is a great indicator designed to show you the previous ranges of the previous candles depending on the value chosen, in this example I have done 6 periods, so you can see in this chart I have highlighted when we have peaks and troughs and one thing to do is compare the times of day this activity happens, you can see at certain times the atr climbs, it stalls...
GBPUSD is one of the most popular and widely traded trading instruments on the Forex market. Due to its high liquidity and high volatility, it provides opportunities for daily or intraday trading. In this article we will look at GBPUSD and give valuable tips for successful trades. Currency Overview The British pound is the main currency pair representing the...
Moving average is an average of price closes over a certain amount of time, so at a base level they rise when price rises and fall when price falls, so why are they important? Because they give you a sense of the average direction of price over a certain amount of time, if you take the chart at face value you are not even witnessing one price close at that...
A member of TV asked a question about how to set an alter for the HARSI indiciator and wanted to know how to get an alert each time the Stochastic %K line passes down crosss the 20.00 value. You can use the same method when it crosses up from below the -20.00. You just need to add a ( - ) sign into your "value" @Sandra117
So we continue on from the previous pivot post, I have now worked out all the levels and shown you the formula to do this for yourself. These levels like I said in previous post are great for when you are trading intraday, they can work as trade points or used to put stop losses the other side off. S3 and R3 are notoriously tough to break, you can watch price...
Trading requires entries similar to how a computer would enter positions, what I mean by this is entries should be so disciplined it hurts, when you are sitting there bored in the early hours of the morning and you take sloppy trades this has an effect on your results! you should create enough discipline to be able to trade a specific time frame when your entry...
Hello everyone! Trading is hard mental and emotional work. The market is a dangerous place that will show all your disadvantages. Without strategy and control, it's not even worth trying to beat the market. Today I want to talk about the five phases that a good trader must go through when trading on the market. PHASE 1 The first step for a good deal is to...
A healthy trend happens when during a bullish/bearish trend is possible to enter after the breakout and the retest of the resistance/support level.
In this quick tutorial I have shown how you can take the formula (high+low+close)/3 to create a dynamic support and resistance level, which you can use to make trading decisions, only buy above pivot and sell below. Now it is handy to have an indicator to do this manually for you everyday, as every day a new pivot is generated. This pivot will filter down possible...
Here I have shown how the EMA8 and EMA89 can lead to good results by using the EMA89 as a baseline and applying the rule, buys above the average and sells below. To find entries look for pullbacks to the average of breakdown and breakout of order blocks, things like inside bar to find momentum should also find results, you could experiment with oscillators in...
How long does it take to become consistently profitable as a trader? This is one of the most searched questions in the Internet when it comes to trading and the beauty is there's no right answer. When you do receive an answer, it's miss leading to beginners and everyone gets confused. There's a solid chance that you've looked at this before, or perhaps you just...
A little history… The euro is a new currency that was born in 1999. It was created on the basis of the "European monetary unit", which replaced (abolished) the entire national currency of the countries of the European Union. Therefore, the peculiarity of the euro is that it is sensitive not only to the macroeconomics of the entire EU, but also to the individual...
Many times people trying to reach a new level face an invisible obstacle in their business. At that moment, life turned into a routine. It seems to us that there are no changes in life and there is no way forward. This is quite unpleasant. In those periods when it seems to us that our development has stopped, we become unhappy, because, after all, progress is the...
Any professional trader should monitor his daily routine. Traders make a schedule, follow it and remove from life what is unproductive. Beginners don't spend enough time making plans. A typical trading day for beginners can consist of constant monitoring of price movement, even during lunch. Today we will talk about how to make your trading day calm and...