Get started

Harmonic Patterns

Why i TRADE ✅💸 Why i Trade ? Trading is a serious endeavour where you meet with the financial elites of the world, i will give you couple reasons why i trade and why do i recommend it for you as well. ✅ Be your own BOSS You don't have a BOSS, you are your own boss. You have to be very disciplined because no one is looking at you to be productive ✅ Freedom of Time You have the Freedom of Time to work when you want, from where you want. As the advantage above you have to stay very disciplined because it takes time to acquire the skill ✅ Travel You can travel whenever you want as you are your own boss, this happens only if you are a profitable trader. I dont recommend you to trade during travelling as your focus level hardly decrease What any advantage you see ?
BINANCE:BTCUSDEducation
by AnonimFXRO
Tips for Trading Currency Pairs ✅📉 Trading Currency Pairs I will try to explain in this post what you should look at when you are starting trading the Forex Market (Currency Market ) ✅ Choose Liquid Pairs Choose liquid pairs so you will have all your orders filled easily, dont trade pairs with low Liquidity as those can impact your trading results. EURUSD / GBPUSD / AUDUSD / NZDUSD etc and don't trage USDZAR / USDRON / USDBRL and other exotic pairs ✅ Analyze Fundamentals Fundamentals drive the markets especially in the Forex Market, take a look at the country's monetary policy are they hawkish or doveish on a certain currency, also take a look at inflation, nfp, unemploymenyt, gdp as those affect the market as well. ✅ Determening the Leverage My recommend leverage for newbies is something around 1-30 / 1-50 so you wound't over trade. ✅ Trading Strategy Always ensure you have a trading strategy when you will start to trade, look at those things such as market structure, key psychological levels, fiibonacci, moving averages to build a trading strategy. ✅ Choose your Trading Timeframe You have to know what trading style you are trading, is this scalping on the lower time frame or highertimeframe position trading. Ensure you have this noted in your trading plan
BINANCE:BTCUSDEducation
by AnonimFXRO
Plan Before Execute 📉📉📉✅ Plan Before Execute - It is very important when you stard trading financial markets to have a plan that you follow, no plan means you dont know what you are doing and where you are going. ✅ Have an entry strategy - it is very important to know your edge, your edgea means when you enter the trades based on what confluences. Couple confluences or entry strategies are trading with the market strucutre + key leveles + fibonaci retracement or moving averages to generate trading ideas ✅ Use Stop Losses to Protect Capital - The first goal of a trader should be capital protection not capital growth, always use the stop loss on each trade. Use Take Profit - You are making money when you are closing the position, its also very important when you are closing the trade. Always place your take profits in areas where price gives a reverse signal. For example you entered from a support area with a BUY you put your TAKE PROFIT near a resistance area where price could reverse What do you think ? Comment below..
BINANCE:BTCUSDEducation
by AnonimFXRO
Two Biggest Trading Mistakes 📉📉📉✅ Two Biggest Mistakes in Trading . ✅ No STOP LOSS Run the risk of incurring a much bigger loss than expected may lead to wishfull thinking and end up holding and hoping may cause panic selling when trade goes against your direction, no stop loss trading in the long term will kill your account in the short term you can survive. ✅Overtrading - Higher change of losing focus as there are too many traders placed wil be emotionally overwhelmed to perform optimally, placing oversized positions than one can handle financially What do you think ?
BINANCE:BTCUSDEducation
by AnonimFXRO
Bearish Engulfing Pattern 📉📉📉Bearish engulfing pattern is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick that eclipses or "engulfs" the smaller up candle. ✅ A bearish engulfing pattern is a hint that a market may have formed a top. Any engulfing pattern below the daily time frame should be ignored. These patterns should only be traded at swing highs. The engulfing candle must break key support to be considered “tradable ✅ Bullish engulfing patterns are a confirmation that more buyers want to join the uptrend. On the other side, a bearish engulfing pattern gives confirmation for more sellers joining the short side ✅ An engulfing pattern is a strong reversal signal. There are bullish and bearish engulfing patterns and they are composed of two candlesticks – one bullish and one bearish. ... It is no
Education
by AnonimFXRO
2
Power of Consistency 📉📉📉📉 Consistency Power 🔰 Don't focus on short term results when trading, it's a marathon not a sprint. You can't become elite traders overnight 🔰 Don't care about short term results and single trade outcome, only look at the weekly,monthly results as they are not random as daily results,a single trade means nothing dont be anxious and change something in your system only if you have more than 100 trades journaled so you know what works and what doesn't 🔰 Don't try to hit home runs aka BIG RETURNS OVERNIGHT it's a gambler short term thinking and their account have zero durability overtime 🔰 Focus on risk management and improve your edge over the market on a daily basis both technical and mental/emotional LONG TERM over SHORT TERM ✅
Education
by AnonimFXRO
2
RSI Trading Indicator 📉📉📉🎯 RSI - Relative Strenght Index What Is the Relative Strength Index (RSI)? The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can have a reading from 0 to 100. Traditional interpretation and usage of the RSI are that values of 70 or above indicate that a security is becoming overbought or overvalued and may be primed for a trend reversal or corrective pullback in price. An RSI reading of 30 or below indicates an oversold or undervalued condition (kindly see the photos attached)
TVC:USOILEducation
by AnonimFXRO
4
Survival Rules in TRADING 📉📉📉‼️ Survival rules in trading for newbies, if you respect those rules i can make a bet you wound't lose your account as the majority of traders are. ‼️ The key word there is IF YOU RESPECT ✅ 1. Always trade with a stop loss ✅ 2. Have a pre-determined risk on each trade no more then 1% ✅ 3. Don't move your stop loss if the price is not going in your favour ✅ 4. Don't add to losing positions, only viceversa. Add to your winning positions ✅ 5. You have to increase your risk only if you are in profit on your account, decrease your risk when you are losing and increase it when you are winning. Hope that was usefull for your trading plan.
TVC:USOILEducation
by AnonimFXRO
Liquidity Concept 📈Hi guys! I would like to briefly explain my strategy, I use liquidity to understand where should market go . 🏦 Liquidity is basically a zone in the market where a lot of stops are located both retail/ institutional, I will look to enter near that area but only after the manipulation on the buy-side or sell-side liquidity to all my trades with "Smart Money". as known as "Wall Street" You can separate the Liquidity Concepts in two areas. ✅ Buy Side Liquidity - area of the price where sellers put their stop loss, its located on old highs, equal highs (Resistance) above double tops, above key psychological numbers ✅ Sell Side Liquidity - area of the price where buyers put their stop losses, usually below old lows, below equal lows(support), below psychological key levels. ‼️ REMEMBER Dumb Money sell at high Smart Money SELL ABOVE THE HIGH Dumb Money buy at low Smart Money BUY BELOW THE LOW Using this concept as i explained you will have less stop losses because you will allign your trades with institutional orderflow.
BINANCE:BTCUSDEducation
by AnonimFXRO
W PatternsAs a rule, when I see a crooked W, I steer clear and watch it if it is a security I want. The impulse/long leg/is to the downside whereas a bullish crooked M pattern, the impulse leg is up. We are all different. Crooked Ws are not always bearish, but it just gets too complicated for this post so I will stop there. For the most part, a W is bearish. I have noted a W will pull to the middle, or the hump, or point in the middle of the W. I marked it with a green X. Does this always happen? NO. Can it go further than this point or not as far? YES. Just a guide for me, and we are all different. Does the same exact thing happen twice in the market on a regular basis? NO LOL Often a Double Bottom will have a W associated with it. I often wait for price to come back to this point and reassess if I am not already in the security when I see it. You can do fib levels to figure out which bearish harmonic pattern the W represents if you wish to hang on to the last leg up of that W, then sell and catch it again when it hits another entry level. Ws are usually bearish but if you know your patterns, it is possible to go long on the last leg up of the W. No recommendation Tomorrow is another day (o:
NASDAQ:AMGNEducation
by lauralea
2
Risk/Reward trade setups are more important than Win RateIf you told somebody new to trading that markets can only go in one of two directions, it would be natural for them to conclude that even a beginner could be right half the time. That’s not the reality because traders don’t make a binary up/down calls on their outright positions. What traders do is say, “I think it’s going to go up to point x (target) and in the process NOT hit point y (stop).” Markets do only go up and down, but the trades we place aren’t a binary call. Our target is “where we think the market will go” and our stop should be “I’m wrong if it hits this point.” It's not a binary decision, it is a decision on the direction and the amount of 'wiggle room' it needs on the way. Don’t Be Fooled by Trading Strategy Win Rate When novice traders come to the markets for the first time, they are bombarded with ads for magical trading systems offering extremely high win rates. It plays on the logical (but false) assumption that a higher win rate is always better. It ignores the cost of the higher win rate, what did we do to achieve it? For example, it's unlikely the S&P 500 Futures will ever hit 0.00, so you could go long S&P 500 over and over and have a 100%-win rate. In the process, you will no doubt sit in trades for extended periods with massive drawdowns. In the event of a market correction, you could quickly draw down $40-$50k per futures contract and sit in for years waiting for a recovery. A high win rate alone is not a measure of success. Should it be a goal? Not in absolute terms. Instead, a trader should chase a decent win rate relative to the break-even point of any specific opportunity. How Traders Think About Risk Reward Let's say you have an opportunity where you believe a price in the market is a key trading level. You think the market will rally higher from current prices 40 ticks. You enter the trade with a 10-tick stop. You risk 10 to make 40. Can you do this and be right every single time? Probably not but you could be right 50% of the time and make great money. This is where confusion creeps in. People associate a 50%-win rate with no edge, with a coin toss. In this example, our win rate is way above the break-even rate for this setup, and so 50% is excellent. It represents an edge. If you combine this with more active trade management, such as scaling into positions that go your way, you change the equation again. Your losers might be 2 lots but your winners 8 lots. This is of course what a lot of 'outright' proprietary day traders are doing — looking for an opportunity with a low break-even point, where they can beat the odds. They don’t care if the actual win rate is 40,50 or 60%. It doesn’t matter. Trading Strategy Win Rate and Run of Losing Trades One other important consideration is the ability to survive the inevitable run of losing trades. Let's say you use an artificially large stop to help achieve a 90%-win rate - an 8 tick stop and a 2-tick target. The moment your win rate dips below 80%, you will start to lose. Take 5 or 6 losers in a row, and you are looking at a drawn down account and the NEED to maintain a high win rate to stop the bleeding. Keep on down that road and the next thing you know they'll be calling you "the new Nick Leeson". Trader Takeaway The ability to exceed the break-even rate is where profits lie. Focusing on trading strategies with a low break-even rate will help you thrive and survive as a trader. BINANCE:BTCUSD 👍
BINANCE:BTCUSDEducation
by AdamsLibrary
A Story About Simplicity and Moving Average Envelopes CBOT:ZB1! First, a short story. I like simple stuff. Maybe it's just me (I don't think so) but the more complex my process becomes, the worse the trading results. In 1987, four years into my career, I used a combination of Wyckoff and Elliott to make a series of very profitable bond market calls for my institutional clients. I spent my days and nights obsessed with counts, counter counts, alternate counts, Wyckoff sequences, oscillator nuances…. In other words, all the shiny complex things were in play. Needless to say, I came out of the experience a legend…. in my own mind. In retrospect, I had loads of confidence but very limited real knowledge or experience. It's counter intuitive, but the success of 1987 was detrimental to my growth as a trader/analyst. After the great results/luck during the tumult of 1987, 1988 proved difficult. My Elliott count became muddied, I often misread the Wyckoff price volume relationships and while not disastrous, my results turned quite ordinary. As the results worsened I responded by adding ever more complexity to what was an already complex routine. To make a long story short, as complexity increased, results worsened. To suggest that I became frustrated would be an extreme understatement. I questioned my future as a technician/trader. I remember walking into my office one morning after a particularly bad week and deciding that things had to change. I decided to immediately begin simplifying my process. I retreated to basics. Happily for me, as I eliminated complexity I found better results. Over the next few years I continued to simplify and to refine my risk management approach. By simplifying and becoming less risk tolerant I became an effective trader/analyst. Simplicity is robust, it is typically fractal, and reduces difficult decisions to ordinary. Simplicity is also a process. Most only arrive there after a long journey. Moving average envelopes certainly fall into this "simple is simply better" approach. • Construction is simple and intuitive. • Construction is easily adapted for any market or time frame. ○ This is important because every market has a specific character. Some trend for long periods while others chop and mean revert with regularity. ○ Importantly, character changes over time. It had been four years since I last updated my bond moving averages, the changes were significant. ○ Part of this probably has to do with the level of Fed involvement. I don't think I had significantly updated my bond envelopes for nearly thirty years prior to this adjustment. ○ Part of this has to do with the level of interest rates. At lower levels of rates, prices are generally more volatile as durations (a measure of rate sensitivity) become longer. ○ Because the envelope construction is revisited periodically it remains current to changes in market state and condition. ○ Don't assume that envelope settings that work on 30 year futures will work on 10s or 5s. Differences in duration create large differences in volatility ○ Also, the settings that work well on futures won't translate to yields. Using percent change (envelope tops and bottoms are placed at percentages of the moving averages) on a percentage is just wrong. I see supposedly financially literate people do this all the time… what the hell? Building the Envelopes: • The average and the width of the band is an eyeball approximation. Nothing fancy. • Choose one of the available moving average envelope studies available. I used one created by H-potter. • Set average 1 up so that the upper and lower bands follow the price action closely. • Set average 2 up so that the upper and lower bands generally tag the next higher perspective swing points. • Set the third average up so that the upper and lower bands tag the highs and lows of the next more volatile set of swings. • I often add a fourth set of bands that tag the next higher perspective highs and lows. • Don't get carried away. Keep it simple and intuitive. • I am intentionally not providing my settings. I don't think they are important but I think its important for you to go through the process for the particular market and time frame you are working in. How I use the Envelopes: • Convergence of the upper or lower bands suggest that the market has become overbought or oversold. • Odds of correction, even if laterally, expand significantly when the band extremes converge. • You would never buy or sell based upon the convergence. But you might reduce a long/short position or begin monitoring for reversal behaviors as the bands come together. • I generally use the warning of an extended trend given by the bands to begin closely monitoring price action, searching for tradable setups with good risk reward characteristics. Conclusion: Simplicity can provide a real edge while complexity often becomes a headwind to success. This simple moving average envelope system can be modified for nearly any market or time frame and is adaptive over time. Good Trading: Stewart Taylor, CMT Chartered Market Technician Shared content and posted charts are intended to be used for informational and educational purposes only. The CMT Association does not offer, and this information shall not be understood or construed as, financial advice or investment recommendations. The information provided is not a substitute for advice from an investment professional. The CMT Association does not accept liability for any financial loss or damage our audience may incur.
CBOT:ZB1!Education
by CMT_Association
46
🔥 Types of Analysis 📉 In trading and investing there are 2 t🔥 Types of Analysis 📉 In trading and investing there are 2 types of analysis a trader can make to have an edge and generate trading ideas. 📉 There is no such thing as technical analysis is better than fundamental or viceversa, personally i use fundamental analysis to understand what to buy or what to sell on a mid-long term perspective and technical analysis basically shows me when to enter the trade at a better price level. ‼️ Fundamental Analysis • Using of the financial statements, news and events to generate trading ideas • Mid-Long term approach • Usually investors/traders use this for investing or position trading that could last for couple months ‼️ Technical Analysis • Use chart, volume and price action • Short-mid term approach • Usually people use this for intra-day or intra-week moves Which one you like more ?
BINANCE:BTCUSDEducation
by AnonimFXRO
📍 Trading Styles 📍 Trading Styles There are a lot of strategies and types of traders and investors in the financial markets, this doesn't mean you have to learn all of them. In my opinion you should try all trading types and then conclude which one suits more to your personality becuase there is no such thing as you HAVE TO trade intraday or swing or position, everything depends strictly on you. ✅ Scalping Traders Holding positions for several minutes, in my opinion its not recommended for the newbies as you will see a lot of losses and wins during the day and this can hurt your emotions. ✅ Day Traders Holding positions for couple hour or a day, they basically when to know ar the end of the day If they made money or not. Same recommendation as for scalping ✅ Swing Traders Holding positions for a several days, intra-week trading. This is the recommendation for the newbies as you dont get the market feedback really fast and you can counter emotions + overtrading, usually they take 4-5 trades during the trading week. ✅ Position Traders Holding positions for several weeks, usually this type of traders trade on a weekly-monthly basis with a focus on the fundamental analysis more than on the technical side. Recommended for experienced traders as you can get big returns with a iron patience What type do you like or want to be ?
BINANCE:BTCUSDEducation
by AnonimFXRO
🎯 Trading Plan Questions I will try to show you in this post how my intra-day trading plan works and what exactly do i use in terms of risk,pairs,timeframes. ✅ What are my trading goals ? My intraday trading goal is to close the day in GREEN, but if i see no opportunities i dont push the buttons just to get to a profitabile day. Focus on making 1% a day this means 22% a month that is a lot just do your math and understand the power of consistency ✅ What timeframe do i use ? My intra-day timeframes that i am using are H1/M30/M15 you need to know which is your higher timeframe and execution time frame for me its M15, neither higher or lower. ✅ How long to hold trades ? Usually in 80% of the trades i hit the stop loss or take profit order before the day ends, i can left a open position overnight only if it's secured risk. ✅ Which Currency Pairs to follow ? As you are trading intra-day you need volatility and low spreads, i trade the most volatilite instruments such as nasdaq, gold, oil, gbpusd, gbpjpy, bitcoin on the session opening as the spread is lower during those hours. ✅ What is the Risk per Trade ? When you are starting an intra-day account you have to know first of all what will be the risk you take in every trade, the session risk and finally the daily risk. It's very important to RESPECT the daily risk rule as this keeps you in the game when the market conditions are bad. What is your Trading Plan ??
BINANCE:BTCUSDEducation
by AnonimFXRO
Why 90% of Traders Lose ? ❌ Going Full Margin Risk management is the most important in this game because it keeps you alive, keeps your account fresh during bad market conditions. Learn risk management first to understand how to protect your capital first of all and then learn a strategy You have to know your risk numbers in terms of • Risk per trade • Daily Drawdown Limit • Weekly Drawdown Limit • Monthly Drawdown Limit ✅ Buying SIGNALS Buying signals and expecting overnight succes could be bad for your trading journey, don't expect anything from anybody and start to be your signal generator ✅ Get Rich Quickly Trading business its not getting rich overnight, its getting rich for sure on a long term basis. Don't expect succes overnight its not gonna happen i promise you. • Trading is a marathon, not a sprint. Give it time and simply commit to the process ✅ Not Sticking to the Plan Your trading plan is your trading bible and principles, you should respect it no matter what. Your trading plan its the only thing you can control in the markets as you can't control the price movement. Make the plan and trade the plan. What do you think ?
BINANCE:BTCUSDEducation
by AnonimFXRO
3
Trading BottomsA lot of this going on, or attempting to go on as of late, has to do with waiting for a bottom. Three come to mind are FB, SQ, and PYPL, but there are plenty more. I am trying to accustom myself to a new type of market, that does not appear, at this time, to be bullish. For most, it is apparent the reasons why we may be dipping out of a bull market. Either way, one has to adjust. The market is bearish as of late. Take a look at QQQ, SPY and DIA. All 3 are under their 50 day SMA. This is usually a bearish outlook, even though moving averages are lagging indicator's, The Russell index is also under this average and I see large players shorting these indexes. So knowing bottoms can become valuable so you do not lose, or as much anyway. )o: How do you Know you are at the bottom? You can not for sure and bottoms can be harder to call than tops. I prefer calling a top over a bottom any day of the week! Bottoms have all kinds of tricky patterns whereas tops only have a few. You can look at indicators. For instance you can wait until the RSI is pointing up and over 50, or until the MACD does a crossover of the 0 line (MACD is simply moving averages, 13 and the 26). Sometimes simple is best but will not always get you where you want to go. But then nothing always will and accepting this can be paramount. Higher lows is another strategy. Yet Bear Flags also make higher lows for a short amount of time, so you have to continually be on guard if you plan to hang for any length of time. Sux Rox! Bear Flags trend up against the prevailing trend and then they can burn you. I hate bear flags! They can fool you in a heart beat. Candle patterns like an engulfing candle, the abandoned baby, the morning star can also be used to call a bottom. Do they always work? Possibly the abandoned baby is the best, but confirmation is a must with candle patterns. Patterns like an inverse head and shoulders can also be of value but only when they break the neckline. The yearly low can help, but if price is in the gutter, the 3 year low can come in handy. Still no guarantee. I find the 3 year low to be more helpful when a stock is in a nose dive. Or maybe, in some instances like parabolic arcs, just hold your horses and sit on your hands. It can be absolutely amazing how low price can go )o: I think looking at volume plus perhaps and another one of the above, is the most helpful to me. But the fact is, price can be at a bottom for a year or more, while new and smart money is buying the whole time. ACAD is an example of a stock that became so low in price, I could not resist. Most of the folks who are hired to invest for these conglomerates, will not even be alive 20 years from now so they are different from me or you. Something to think about. I like to look at NVI and OBV for volume, but looking at average volume is also a good thing as long as it is not red volume. Falling below the lower band of Bollinger bands was working when we were in a Bull market. But in reality this is bearish, and in a bear market, this can be a bearish signal. Price used to snap back in when I set the standard deviation of 80. Not lately. Tell me where there is sanity! It does look like all 3 I named are approaching their bottom, with SQ in the lead. Thinking FB will get closer to 200, or below perhaps/candle does not look so great. PYPL needs to stop missing earnings and I am a PYPL fan, but needing to see something bullish to help this one out. 3 year low is 82.07 Never say never. Anything is possible unfortunately and even dirt can get cheaper )o" I am trying not to fall for rallies up, unless to sell, but especially if you are in for the long term right now. Maybe sit on your hands if you have to do so, or perhaps trade short term (o: Patience can be a virtue.
FEducation
by lauralea
6
USD/JPY 4H Trading Idea by Harmonic, Classic & Volume Profiles.This is a quick glance of our method in trading by using Harmonic, Classic and Volume Profiles. Everything is hopefully well explained as i want you to excuse me if I sounded nervous because it is my first time posting a video. I would appreciate it if you guys could help me out and support me :) let me know your thoughts in the comments section and if you like what you see, I would gladly share with you more of my humble analysis :).
Education
0
by yousifkf