The world of trading, much like the realm of art, is filled with uncertainty, complexity, and the need for creativity. Both traders and artists embark on journeys of discovery, seeking to master their crafts and find a unique approach in their respective fields. Without further due, let’s delve into the fascinating parallels between the practices of famous artists...
In today's lesson I will explain the difference in consolidations.
Some of you are new to the market and are probably wondering what's happening exactly when it's not moving in price and when it's moving down more than up but would later return to the last price it was.
Well to best answer that question.
It's called consolidation:
It's a thing that happens...
Price bounced off the 1.2683 support we identified and rose nicely to our take profit target at the 1.2832 level. In this review, we touch on why we used the 1.2832 level and not the swing high at 1.2850 - a lot of this is down to trade management and take profit placement.
Please be advised that the information presented on TradingView is provided to FXCM...
I like to try keep explanations nice, simple and short.. everyone one should know the definition of FOMO is (fear of missing out) this is a simple and common emotion that affects us in all different areas of our life but when you bring it to the charts and your trading it can lead to a roller coaster of emotions and mistakes...
I found a few things that help me...
Let's look at how market-makers succeed in trapping you and I in the market to make billions. These techniques, when grasped, can have an immense positive influence in your trading. Market-Makers use areas of support and resistance to accumulate/distribute order blocks. This creates massive liquidity for them to be able extract big profits, leaving the ordinary...
I see two main reasons which complement each other for the high rate of failure.
First and foremost, the media and the industry promote this idea that it’s easy to become a profitable trader and anybody can go it. This is, of course, not true. Theoretically, anybody can do it if willing to put the effort and approach it as a business. Practically almost nobody...
2020 is a year filled with crowds. Bored by having to stay at home and not having a job, did they suddenly decide to form angry mobs?
There are 2 main crowds identifiable in the USA which today (but not for much longer I believe) are the center of the world:
- The street crowd, angry protestors that do not always know why they protest, but generally hate the...
Purple arrows = resistance
Orange arrows = support
support/resistance level 1.28889
4H CHART - We can see resistance has been used and respected many times and price is currently at resistance level, So most traders would SELL rite?
1D CHART - Price is also at resistance level after respecting it on numerous times, so another SELL rite?
1W CHART - Price is...
Support orange arrows.
Resistance purple arrows.
Who says you cant see trade setups just using zones and levels? It looks pretty simple to me, You can see how strongly this zone is respected from where price has entered our zone and then bounced ( marked by arrows )
Now it seems pretty clear to us where price is heading and we haven't got any indicators on our...
As you can see from the chart we have used purple lines to show key support and resistance levels ( levels where price has bounced off in either direction ) Even after the market crash of 2008 the price eventually found key support and resistance levels that had been used years before.
The price respects these levels as thousands of traders will also be watching...
This is what I have discovered over the last 4 years. It is not advice for anybody. If you identify with some of it, fine. If not, leave it alone. Share your own lessons learned.
1. If I'm on the right side of the trend, it is my friend - else it is my foe.
2. Stalk and plan ahead 90% of the time but trade 10%.
3. Do not chase.
4. Appreciate the power of...
Recognize approximate price moves by acknowledging visual patterns.
Observing 360 (6H) note, and... Accompanied by other time frames such as the 90 min presents the market in an overbought condition, therefore giving away the future move because 50 level then becomes a substitute overbought level as if it were 68 on the particular time frame.
Hey guys, YoungShkreli here, I am going share with you four lessons that, if mastered, will help you a become a successful trader, so pay attention
1) Use the daily chart. Look at this 4hr chart. This s**t only happens on low timeframes. If the daily did things like this, it would a be followed by like a 20% rally every single time, but on the lower time-frames,...
It's always easier to look back and see what should have been obvious at the time. This is a short case study of how one COULD have traded Bitcoin successfully from it's last epic run of 2017. This should be a precursor to what happens in 2018 and going forward. It isn't a 'method', but is an observation and an opinion that will guide my own trading going...
