Good day friends... From my last post I shared how I have a bullish bias on XJPY pairs. And here sits beautiful EURJPY giving us a bearish setup 🤣... Am I looking to go short ? Answer is no... Why ?... In simple and plain terms ... Audjpy, EURJPY, CHFJPY, NZDJPY, GBPJPY are all positively correlated so if 4 out of the 5 have ruptured bearish order flow it's only a...
How to use related markets to complement each other? Definitely you can apply this technique to other related markets. In this tutorial, I am seeing Nasdaq as a leading indicator for the rest may likely to follow. i) Nasdaq bear trend was nicely formed, but not yet for the Dow Jones, S&P and Russell. ii) Nasdaq in the short-term has also a confirmation for a...
Nothing to say. Chart says it all. "Picture is Worth a Million Words"
When the market range, it is telling us they are lost with the main direction. And we are seeing that between all the US major stock indices and many stocks since the second week of May. Prices basically still trading around the same price since then. In today’s tutorial, we will discuss: • How to identify when market started to enter into a range and • Which...
I’m just made a demo account after taking about a two or more months from trading. I took the ftmo challenge and I passed the first step but I failed the verification. @baileythebarber I’ve known about trading for about five or more years and I’ve made money and lost money but I’ve never gotten to making money consistently and seeing six figure days. I’d like...
Reading charts is just one part of trading a bear market, another highly significant part is a solid understanding of market psychology, heuristics and biases. Having spent 14 years in a QE fuelled bull market where there were few inexplicable events and certainly no major forced liquidation events, it is easy to understand why so many participants get so excited...
market is in a gully new retail traders are coming to trade let me tell you something important even if you know technical analysis that is not enough what you need is a proper risk management rules and get rid of all your psychological issues I suggest that if want to become a trader first thing you do is work on your psychology only books will not help you in...
Year Bitcoin Price ($) Change ($) Year-over-year (%) 2022 47,743 18,351.22 62.44 2021 29,391.78 22,203.31 308.87 2020 7,188.46 ...
Discussion: 1. Example on Natural Gas - breaking away from its range 2. Beginning stage of a “Growth” stage 3. Identifying and trading in its uptrend with multiple timeframes Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing...
If you lack confidence in ability as a trader I am here to encourage you. Being a forex trader can be hard, but when you learn the steps it takes to become confident in your abilities it can become more simple. In this video, I am going to give you the 4 steps I give to my clients who work with me for 6 weeks in our 1 on 1 sessions. I'd love to know if you've...
I am looking for a short-term play to the next supply zone 320.00-326.33. We have been in a bearish market for some time now so this would be a retest for possible continuation to the downside. We will adapt to the market sentiment and plan accordingly.
1:5 Trade Attempt / Took trade because of key level and chart pattern
The last stage: Panic Stage 3: Panic As the bull quickly turns into a bear, investors may become desperate and start panicking. All traces of confidence are now gone and investors are now looking to minimize losses. Some spirits will be crushed entirely, leaving them to wonder if the market will recover at all.
The chart: Shows an index average for SPX, NAS and DOW using rescaled CFD and futures prices. Indicator is a momentum oscillator (midline) with an envelope much like a Bollinger band. The paradox: The consensus is the chart is a picture of 'doom' (as bearish as it gets). At the same time, every trader in the chat room was bullish on the upcoming...
In this Video we are going to discuss market Trading mentality and understanding the timeframe of markets. This is one of the most important Trading Lessons there is, so please do watch and take note!
Why is it important to understand the structure of the market? Because decisions to buy or sell are made through referencing current price against previous areas which caused significant emotional response, in particular those areas which led to regret of missing out on the opportunity, or those areas which trapped traders in losing positions.
BTCUSDT Wyckoff's UpThrust. Institutionals in command (bulltrap)
I am backtesting setups but what I am specifically looking for is similarites in the formations of my setups. It is very easy to hindsight trade and leave your trading desk happy but it is about having setups that you can see in real-time markets. The habit of hidsight trading 'with no intent of real-time application' is one you must break through mindset...