Hello traders, today we will talk about how journaling can be a really helpful tool for you in your trading journey. Journaling is a simple yet powerful tool that can help you gain insight into your mental and emotional state, identify patterns and triggers, and make more informed decisions. In this post, we'll explore how you can use journaling to improve your...
In the past five months, we showed multiple odd developments on the 1-minute charts, which included sharp upticks in the price of Bitcoin, often leading to new highs which lasted only a few seconds during the weekend or shortly after the close in the futures market (in generally illiquid markets). In addition to that, we noted that many of these price movements...
Greetings, @TradingView community! This is @Vestinda, bringing you a helpful article on the topic of Fibonacci Retracements and how to effectively utilize them in your trading strategies.
Fibonacci retracement levels are helpful for traders and investors in financial markets. They're horizontal lines on price charts that can show where price may reverse...
Trading on key levels is one of the basic principles of Price Action trading in the financial markets. There are two main ways to trade on levels: on the breakout and on the reversal. How to distinguish a correct signal to enter the market from a false one, how to set stop-losses and take-profits and what other nuances should be considered when trading in this...
"Gold is money. Everything else is credit.", said John Pierpont Morgan. When borrowers default, markets collapse and banks run into crisis, gold prices skyrocket. Gold is trading at a 12-month high on March 18th.
Gold has been valued for thousands of years. Gold has unique properties. It has been enchanting women and men since humans set foot on the planet....
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Moving averages are commonly used to analyze and forecast trends in financial data. There are several types of moving averages, including:
Simple Moving Average (SMA): This is the most basic type of moving average. It calculates the average price of a security over a specified number of periods.
Weighted Moving Average (WMA): This type of moving...
This is a lot different to our normal video but I really wanted to show the @TradingView community how you can use AI to build indicators in @PineCoders
I thought it would be easier to do as a video idea than a stream.
So I hope you enjoy & don't forget to shout out to me when you try it for yourself, I am keen to see what you build!
All the best
Mayfair!
Which Way Will the SPX Triangle Break? Consider All the Arguments
Ever since the October 2022 lows, the S&P 500 SP:SPX has been consolidating especially when considered on larger time frames like daily and weekly. This consolidation has formed what is known as a triangle pattern (or symmetrical triangle). A triangle is a consolidation pattern that represents...
The reward to risk ratio (RRR, or reward risk ratio) is maybe the most important metric in trading and a trader who understands the RRR can improve his chances of becoming profitable. Basically, the reward risk ratio measures the distance from your entry to your stop loss and your take profit order and then compares the two distances. Traders who understand this...
The February non-farm payroll data in the United States remained robust, however, the unemployment rate and wage growth slowed, weakening market expectations of a Fed rate hike. The short-term direction of the gold price remains dependent on US economic data, with a focus on next week's CPI report. Technically, the gold price is expected to continue its rebound...
I'm long on C3 - so I'm as biased as Kerrisdale here, but apparently, that doesn't keep people from taking their word for granted, either. I have a degree in Finance, worked at a big-four accounting firm, in the financial industry (upper management), and am now a business owner (that was too lazy to create a new account for posting this - that's why you'll find me...
S&P 500 futures are currently experiencing a pause due to Fibonacci extension targets, with a possible further upside move towards the 4100 level. A short-term cool down period and pullback is expected before potentially heading higher into mid-week next week. Keep an eye on the VIX for potential moves.
I noticed an interesting battle around Fibonacci levels at...
Market sold off as I expected yesterday. It was especially difficult for tech to overcome the resistance area of 313 on QQQ.
Having said that, there are signs that yet another whipsaw is coming in a week or more. All in the video - I hoe you enjoy it.
Good luck!
Hey gang! Thanks for watching.
Reminder -The most important bits of a strategy are:
- directional bias
- where to trade
- where to risk
- how to manage
There's one final piece that we didn't mention in the video - capital management. AKA - how much to spend, of all of your capital, on the risk in a given trade.
A great rule of thumb is that no trade should...
Small and big players tend to acquire larger positions in the market than they can afford, in an attempt to benefit from the leverage. This is where the concept of liquidity grab comes into play. Large trades and institutional investors need to locate liquidity areas in the market to complete their trades. Stops and stop-loss orders are critical for survival in a...
The surprise production cut announcement from OPEC+ on Sunday caught us off guard!
With oil prices surging close to 7%, the question arises: will this trend persist?
To put the production cut into perspective, the unexpected 1.16 million barrels per day reduction is a continuation of the cuts announced last October. In total, these cuts will represent roughly...
