this tutorial expands on finding confirmation before buying or selling the market
A key factor in trading is to know how to draw these area cause they can help you determine the next move for the next
This is a continuation of previous video The Funnel Process
This video explains how to pick your trading instruments out of the many. The funnel is a process to filter out all the un-tradable instruments and pick the best to trade.
Yesterday at the close we hit S4 and so without any stress or agonizing over it (can we go higher, is this the right level) I loaded up on SPXS, which I use because it is cheap so I can make a decent profit with sheer number of shares. During the night and this morning I checked the market and Alerts were going off we had reached S5, so again, no stress just...
Data comes as the central bank seeks to guide the US economy to a ‘soft landing’ to avoid a recession The US workforce added 336,000 jobs last month, much more than expected, as the world’s largest economy remained resilient in the face of higher interest rates. The sharp acceleration in hiring saw non-farm payrolls rise during September by almost twice as...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Today we are going to go over a practical example on #GOLD , but you can apply the same logic / strategy on any instrument. Feel free to ask questions or request any instrument for the next episode. 📚 Always remember to follow your trading plan when it comes to entry, risk...
Welcome to the world of Elliott Waves. If you appreciate our charts, give us a quick 💜💜 Elliott Wave Theory revolves around three key elements: Impulse waves (in the direction of the trend) Corrective waves (against the trend) Wave degrees Impulse waves consist of five sub-waves, while corrective waves comprise three. These waves form cycles,...
In the today's article, we will discuss a trailing stop loss. I will explain to you its concept in simple words and share real market examples. 🛑 Trailing stop loss is a risk management tool that allows to protect unrealized profits of an active trading position as long as the price moves in the desired direction. Traditionally, traders trade with fixed...
ELLIOTT WAVE TRIANGLE Elliott Wave Theory is a popular method used by traders to analyze and predict financial market cycles, particularly in stock markets, forex markets, and cryptocurrencies. One of the key patterns within this theory is the Elliott Wave Triangle, which is a continuation pattern that occurs during the consolidation phase of a trend. Triangles...
Comprehensive Approach to BANKNIFTY Options Writing - Maximizing Premiums Introduction: In this trading idea, we'll explore a strategy for writing both out-of-the-money (OTM) and in-the-money (ITM) put and call options in the BANKNIFTY index. This strategy aims to take advantage of time decay and market conditions to generate consistent income. Objective:...
If you just started trading, you are probably wondering how to choose a trading time frame . In the today's post, I will go through the common time frames , and explain when to apply them. 1m; 5m, 15m Time Frames These 4 t.f's are very rapid and are primarily applied by scalpers. If your goal is to catch quick ebbs and flows within a trading session,...
In the dynamic world of forex trading, one key decision traders face is choosing the right time frame for their analysis. While there are various options available, the daily time frame holds a special place for traders seeking consistency and reliability. In this comprehensive guide, we will explore the compelling reasons why traders should prioritize daily...
Hello, traders! Today, I'd like to explain how pumps work in the crypto world I distinguish between two main types: Fake Pumps: These orchestrated pumps involve artificially inflating the price through the actions of a group of individuals or entities. They typically rely on coordinated buying to drive up the price. Natural Trends: These are price trends that...
Hey guys! Hope you're doing amazing! Posting my first educational video here to help you guys with being able to identify what state of the trend the market is in; whether it be early, mid-trend, or at the end or a mature trend. I feel this can really help you with your ability to hold trades and your confidence and conviction when placing trades and placing your...
Hey traders, In the today's post, I will share with you a formula of ideal swing trading setup. ✔️Element 1 - Market Trend When you are planning a swing trade, it is highly recommendable that the direction of your trade would match with the direction of the market trend. If the market is trading in a bullish trend, you should look for buying the market,...
We can use Total Market Cap to analyse when it's best to go bullish or bearish on the crypto market. A growing market cap can indicate investors' interest and their positive evaluation of the current market state = bullish whereas a stagnant market cap would indicate that investors are taking their money away from the crypto market = bearish. By analyzing the...
I used to daytrade, in and out all day and night, but now I feel that is playing into the hands of The rich brokers on Wall street. So I came up with a much lower stress style of swing trading, based on Buying the ES when it reaches S4 or S5 in 60" candles and shorting by using SPXS (tripple inverse Spyders) along with everything else I know. One of those...