Understanding LIQUIDITYIn this video I try to explain liquidity as it pertains to training in a simple manner.
Liquidity are basically orders in the marketplace. Since trading is a zero-sum game, without liquidity, there is no trading. Simply put, If you wanted to BUY, then you would need someone to SELL to you, and vice versa.
Smart Money has deep pockets and needs a large amount of liquidity to facilitate their positions. They want to be able to get in and our of their trades, as well as to be able to trade with capital that would be worth the reward.
The largest pools of liquidity usually reside above swing highs and lows, and equal highs and lows (double/triple tops and bottoms). Support and Resistance ideologies dominate the market, and besides that, psychologically it makes sense to put stoplosses at such areas rather than at some random area within a range. There are also breakout traders who see price breaking out of an area as a sign of strength (or weakness if bearish) and they set their entries above/below these levels. This is how liquidity is "engineered" in the market and sentiment manipulated. These pools of liquidity can be seen as a magnet, drawing price to these levels, either to grab liquidity before reversing or continuing in its current direction.
- R2F
Learning
I'm correcting errors mid-weekI decided to publish a video about the recent trades taken and the aftermath. I believe that I see structure clearly, however my bias changes depending on the timeframe. I'll be ultimately bearish on Sunday and Monday, then decide I want to be bullish Monday night to trade up to the sell. I understand that counter trend trading is dangerous to the risk: reward portfolio. This video will be watched back 2-3 times by myself as I learn more about the market from "teaching" it. I'll also be posting more videos regarding pre analysis, leading up the decision to take the trade.
Back to Basics video on examples of golden and dead crossoversCriteria for a dead crossover is that the short term moving average crosses below a longer term moving average while both are pointing lower.
Criteria for a golden crossover happen when a shorter term moving average crosses above a longer term moving average while both are turning higher
IN this example I have used a 55 and 200 day simple moving average.
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Trading Market Formations And How To Trade Them, PRE FOMCLots and lots of Traders completely misunderstand the idea of how price arranges.
Patterns are simply not magic. They are built from buyers and sellers and to trade any market formation you need to trade INLINE with this.
That means no guessing, rather watching key PA levels.
Also, it means scaling your capital and risk as the market progresses.
AND Trading in the moment.
Watch for more.
The 3 TYPES OF CHART YOU MUST KNOW | Trading Basics
Hey traders,
In this educational video, we will discuss 3 different chart types:
range bar chart,
line chart
candlestick chart.
I will explain to you the difference between them and will teach you why they are important.
❤️Please, support this video with like and comment!❤️
Learn How to Trade | Why to Analyse Multiple Time Frames 📚
Hey traders,
In this educational video, we will discuss why Top-Down Analysis
is so important and how to apply it in practice.
The video includes important theory and real market examples.
❤️Please, support this video with like and comment!❤️
Learn How to Trade Double Top Formation | Full Guide 📚
Your ultimate guide for double top pattern trading.
Entry selection / stop placement / target selection explained.
Meaning of the pattern and identification rules.
Important tips & real market exampe.
❤️Please, support this video with like and comment!❤️
Learn Ascending Triangle | Classic Price Action Pattern 📚
Hey traders,
In this educational video, I will teach you how to identify an ascending triangle.
We will discuss the structure and the bias of this patter
and how to apply that in analysis.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Why can't you make it?Hello dear traders,
These are some common mistakes that i used to do that are part of my trading journey which is about 6-7 years. This is my first video on tradingview so apoligize for some pauses in my speech. I was a bit nervous when i did it. If you are at the beginning of your trading journey and it seems that everything is wrong, you gotta ask yourself why can't you make it? Here are some common mistakes that i did and some that i gathered from various discord and slack groups.
1. FOMO-ing (i guess this is in all the videos out there) - Remember that money goes from impatient to the patient.
2. Journaling - this is an important and key process of your trading journey. No matter how boring it looks, its gonna make you better i promise
3. Understanding macro concepts - this is a very important aspect and unfortunately it takes time to progress in this matter. There is always something to learn when it comes to macro economics. Its very important to gauge your sentiment from having a good understanding on what is happening globally. You can do it! Even if you trade mechanical its good to have it in the back of your head.
4. Not writing down key levels on a daily basis (updates of the assets you are trading)
5. Phone trading(while good to watch the markets sometimes) just so you know professional traders dont do it(probably only to adjust orders). We spend time in front of the desk like a regular job. Also it distracts you from being social and turns into an angry monkey because you are high on watching the markets. Been there done that.
6. Quitting your job to trade full time - before you make this switch make sure you are at least profitable for one year on a real account. This is a very common mistake and i met some people along my journey that ended up pretty bad.
7. Overtrading and spending 12-14 hrs in front of the pc - very unhealthy habit and it will turn into an antisocial being. Less is more!
8. Overleveraging - If you dont protect your capital, who else will do it for you? You are the warden of your money and you should treat them with a serious attitude. No one likes to lose so lose less until you get better to crank that leverage up. (use a degen account if you want to go banana on an account but not on the main account)
9. If you are in a trade with defined risk (don't micro manage it) leave it to play out. You already knew the risk from the beginning and you already defined it. Closing too soon can lead to consecutive losses.
10. Using more than 1% risk per trade. Dont go more than that even if its a small account. It will help you build confidence in time.
11. Having a good process -> how many sessions do you want to trade? 1 or 2? (london&new york) ...i mostly trade London and then calling it quits for the day.
12. Daytrading(just so you know there are days where you have to wait for the pricce to come to your levels and it may take a few days for one trade to actually happen) You know what to do in that spare time, learn about the markets and review your trades.
If you want you can add more mistakes here. I hope your journey is a successful one and you want to become better everyday in everything you do. You can do it!
Become a better trader by just answering these questions!Hey Traders!
Most people think that trading success is found within a system... yet a successful trading system could be something as simple as 2 or 3 basic combinations, knowledge of price action and a sprinkle of instinct.
To me successful trading is a completely different path, I believe that real trading success falls into one sentence which is "Constant and never-ending improvement",
self-improvement that is, and in today's post, since it is the weekend, I want to go over this core improvement process with you so you too can become a better trader next week!
First to make it clear, I believe that out of the 100% required for trading success the system part falls into the low 10%, while the other 90%+ is within you, it is your knowledge, knowhow, instinct, mindset and everything else that makes you... you. The system is something you learn once and all you have to do is follow it forever with consistency and focus, sounds simple right? It kind of is but we humans tend to make it complicated.
Anyway, its Saturday the 9th of July and I want to give you 6 questions that if you answer will make you better by at least 1% right away, but if you continue to answer these questions each time you will, guaranteed no matter what (as long as you are honest) get better by 1% each time, how much better you become in entirely up to you, and by that I mean how honest you are and how consistent you are in answering these questions!
So, without anymore delays, here are the 6 questions that can make you a better trader:
What was my biggest loss and why?
What was my biggest profit and how?
What was the best thing I did this week?
What am I most excited about for the upcoming week?
Did I follow my system on every trade?
Was I in control of my trading, mentally, every time I traded?
BONUS QUESTIONS:
What prevented me from doing better?
What motivated me most?
What will I not repeat next week?
What will I repeat next week?
What do I want to remember it for?
What is the best highlight?
What do I regret not doing?
Do you have any of your own questions that could help other traders? - Do share in the comments!
Improve your trading skills with PTAHey Traders!
In this video we talk about Post Trade Analysis which we believe it probably the best way to develop your trading skills, trading system and general instinct of trading.
Today we traded the DAX for 2 hours with complete focus, focus is a vital requirement for trading success as it allows you to be present and disciplined to follow your trading rules and system.
The video explains some things we did good and some things we did bad, of-course the good should be repeated in the next trading session, the bad either improved or removed!
Do you do post trade analysis? - Let us know in the comment section below!
Have a fab day!
Being a weekend trading warriorYour results on Monday will be influenced by the work that you do on the weekend, specifically Sunday.
As an intraday trader I constantly think about my trading.
Here are a few points which every trader should focus on,
1 - Mapping our mental weaknesses
We all have mental challenges, some of us have a lot of FOMO,
while others oversize and over trade, you know what is holding
you back as a trader... FIND IT AND WORK ON IT!
2 - Reviewing trades (winners & losers)
Search for the plays where you can add size,
search for patterns that you can exploit next week,
review your best trades. What trades worked best for you?
more of these on Monday. What trades are not working for you? Eliminate them.
3 - Checking for key levels & patterns
The best in every industry practice and train... yet probably 90% of traders never
really do any kind of practice, they search for a strategy and then cannot wait to apply
it to the markets... real traders work on their trading hence they create REAL SKILLS!
The RSI explained ! how to identify buy and sell signals Hello everyone , as we all know the market action discounts everything :) I have created this short video to explain what is the RSI and how to use it to identify buy and sell signals with this oscillator , everything you need to know about this indicator is right here.
Its been around since the late 70s so its probably one of the more established oscillators out there .
So lets check out the formula and how the RSI works :
RS=100 -100/1-RS
RS (relative strength) average X day up / average X day down
So simply lets say we are using a 10 days average so we check how many days the price closed up and we add them and we divide by 10 which would give us the average X days up.
And we do the same for the average X days down but we calculate how many days the price closed down and then we add them and divide by 10 ,And after all of that has been calculated we will always get a value between 0% and 100%
And that's why the RSI is considered a bounded oscillator it means that the value will always be between 0 % and 100%
The oscillator has 2 major zones which are the overbought and oversold zones. Anything above 70% is considered overbought and anything below 30% the market considered oversold .
So when the market reaches overbought zone it tells us that the market has gone up to far and its due a bounce back down , and the same when it reaches oversold zone it means that the market has gone to far down and its due a bounce back up.
So looking to buy or sell when the market reaches oversold and overbought is one strategy .
But because the market moves a lot and reaches these levels so much this way is not as reliable that much , the better way to use the RSI is to check if it has a divergence with the market price.
what is a divergence you may ask !!!
A Divergence is when the price of the market is moving in the opposite direction of a technical indicator, such as an oscillator, Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
These signals of divergences doesn’t happen that often but they do give us a better way to use the RSI .
And there is it that’s everything you need to know about the RSI and how it works it’s a really simple oscillator and its one of the most popular oscillators used by technical analysts.
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If you have any questions please ask
Thank you for reading & watching .
Everything about the Stochastic oscillator !!!!Hello everyone , as we all know the market action discounts everything :)
A lot of people asked me about the Stochastic oscillator so i prepared this video for you guys explaining it please enjoy .
or if you prefer to reading :
First thing you need to know is that the stochastic oscillator is a momentum index just like the RSI it looks at the price momentum.
A DR.George Lane developed it in the 1950s.
So let us talk about the stochastic oscillator now
it has 2 lines %K (blue color) and %D (Red color)
this is how we use it :
1_ the Stochastic oscillator indicates overbought and oversold state of the market cuz the stochastic is a bounded indicator that means its bounded between 0 and 100 range ( above 80 overbought , bellow 20 oversold )
2_we use it to identify buy and sell signals using crossovers:
• If %K crosses below %D then it’s a sell signal
• If %k crosses above %D then it’s a buy signal
3_Divergance between the price and the Oscillator
We have 2 types of the Stochastic Oscillator:
Fast and slow
The difference between the Fast and Slow stochastic is:
1. The Fast stochastic is more sensitive than the Slow stochastic ( the most common problem for oscillators is the number of false signals that they give so the Slow stochastic tries to solve that problem )
2. Slow stochastic smooths out the %K line by averaging over (d) period
so let me make it simple the %K line in the Slow Stochastic is like the %D in the fast stochastic
Now let us talk about the Formula
%K=100. (C-Ln/Hn-Ln)
Where C is the current closing price
Ln is low in (n) period
Hn is high in (n) period
(n) Is the number of period and the default value for (n) is 15
Now the %D is calculated like this
%D=average %K/ (d) period
(d) Is the number for period and the default value for (d) is 3
Make sure to Follow and Like for more content
If you have any questions please ask
Thank you for reading & watching .
[Trade Review]How I traded $CRM, $TLRY,$U, + psychology TALK In this video I will reviewing trades I took 6/16/2021 which were $CRM,$TLRY $SQ that were posted in a pervious video about the set up on my New Series *Set Ups For the Week Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emas, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always! In the second part of this video I rant about trading phycology and use yesterdays loss as an example I hope yall enjoy!
[Trade Review]How I traded $PLTR, + TALKS ON EUPHORIA/ LOSSES In this video I will reviewing trades I took on 6/15/2021 which were $PLTR taking a small loss practicing my risk management not a problem since im confident i will make it all back. Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emas, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always! Make sure to leave a comment for feedback about cutting back on the trading review videos let me know guys! Will be making videos on trading phycology due to the euphoria in the market so look out!