Hello Traders. Welcome to Chapter 3, where we talk about corrective waves. In chapter 3.1, we will be discussing Zig-Zag waves. The zig zag wave is one of the common of patterns in corrective Elliot Waves. Many of us see this on a daily basis, but did you know that there was a meaning behind all of the fluctuations in the price action?
Chapter 3 Glossary:
3.1...
What is the Pay Yourself First - philosophy?
Paying yourself first is a savings strategy that implies you should save or invest a portion of your income before spending it on other things like bills, groceries, dining out, accessories or anything else you tend to spend your hard earned money on, as part of a savings plan.
In other words, the moment your...
In this post, we want to share a few facts with everyone about TradingView including the most popular chart types and current size of the community. We will also share several encouraging suggestions to help make 2021 a good year.
1. The most popular chart over the last twelve months was Candlesticks. That may come as no surprise to many of the traders out there....
A messy chart but I've tried to show key points of what I look for, most importantly is highs and lows, impulsive and corrective phases.
EURCAD one for the weekly watch list, looking for further bullish movement following a recent higher high and break of trend line, need to see a bullish reversal candle stick pattern for entries.
If you have ever done an electronics project, you probably either built your own large timing circuit or utilized a quartz-based crystal oscillator in a square silver package with four legs. An oscillator is used in some form in most every electronic device you use.
Think of the computer in front of you. It likely has a dozen or more oscillators integrated into...
The Bull Market is strong, the end of 2020 saw many growth names pull in or consolidate which gives a better reward to risk entry. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 34 total stocks on this list. Many of these have IPO'd in the last few years and still have a growth story ahead of them....
I've received questions regarding how to identify whether its a temporary/ short reversal or a complete reversal during the uncertainty. There are certain things that you should be looking for when you're looking for these two complete different setups.
Mean reversion:
1. Shallow pullbacks - It's a primary indication that big players are simply pausing, wait for...
First of all allow me to wish everyone a Happy New Year! This community is and has been more than great this past year and even though we are all here for trading/ investing, let me wish everyone above all good health and prosperity.
Now back to trading and Bitcoin in particular. This study is a cross examination of BTC's cyclical phases in relation to DXY's (the...
Here is the 5 TIPS TO DO with your mistakes:
1. Acknowledge Your Errors
So often, we say things like, “It’s unfortunate, but market goes opposite me” or "SEC lawsuit crashed prices, so I lose" But blaming other people or minimizing your responsibility isn’t helpful to anyone.
Before you can learn from your mistakes, you have to accept full responsibility for...
I think reflection is good.
I got this idea from my colleague at TradingView, Scheplick .
Give him a follow.
He's been doing a list like this for a few years now, which you can read here.
Let's get started then...
1) Be prepared to throw every belief you have out of the window.
2) Timeline matters. Being too early is being wrong.
3) It's probably better to...
This idea shows the published result of the example script description used in our How PineCoders Write and Format Script Descriptions page available on our website, where you can see the marked up text used to format the description. Some of the techniques we use are described right here, in this description, but more information is available from the...
Imagine understanding how to execute with precision?
Imagine understanding the Why behind the markets....
Liquidity, Footprints, Level ll which is all considered within the framework of 'smart money concepts'
December is traditionally known for the lack of liquidity and reduced volume in turn which causes increased volatility. Traditionally many including...
Price is approaching our first support in line with our ascending trend line where we could see a bounce above this level. Ichimoku cloud is showing signs of bullish pressure as well in line with our bullish bias.
I love the new Signpost tool that was released this week... i was all set to put in a feature suggestion when I realized I could already do it: make the signpost go DOWN as well as up!
I am a stickler for documenting your trades - EVERY single trade: the winners but ESPECIALLY the losers - so you can learn, reinforce, and EMBED your trading system into your...
Today, we want to share a few tips about creating a plan. We want to especially highlight some of the tools available to you as a TradingView member.
1. Use our free Paper Trading tools to see what it's like to manage money. Open the Trading Panel to get started. You can find this button at the bottom of your chart. Paper trading is important because you can...
Hey guys what's up
I am including all the data here so you can copy, share or edit it on Microsoft apps. feel free to reuse of redistribute all
my work to our trading view community or out side it.
March's low is most likely a fresh new cycle to say the least " believe it or not" with out bias you would come to this conclusion
one way or another and you...
Republishing this idea as the original was removed last week due to a mistake I made breaching house rules
One of my best trades this year was buying Tesla calls just before they announced its inclusion in the S&P (you could find that post at the bottom of these notes).
Amazon's price action throughout December is telling me there will be a catalyst that'll...
