Too many traders think they are taking a Random Walk through these market streets. Well this post is to help them define a direction. Can you use this to target the exact price and day/hour/min? No (well sometimes you can nail it) But just like the Map App on your phone it will get you within a certain degree of accuracy AND you will definitely generally no...
Hope Trading: How Traders Lose Money in Trading This image shows how traders lose their money in trading due to hope. Hope is good but also you should believe in your analysis if your SL hits then accept that you are wrong now and should not hope in the wrong direction. In the world of trading, hope can be both a friend and a foe. While optimism is essential,...
Let's keep it straight to the point, Shall We? 1. Emotional Investing: One of the most prevalent mistakes is allowing emotions to drive investment decisions. Fear and greed can lead to impulsive actions, such as panic selling during market downturns or chasing speculative investments during bullish phases. Solution: Develop a well-thought-out investment plan...
Hey traders, If you are wondering how to start Forex trading, or you just started to trade, I suggest a 12 weeks intensive learning plan. Each week will be dedicated to a specific topic. Starting from the basics you will gradually mature and by the end of the intensive you will have a complete trading strategy. ✔️Week 1 - Practice market trend...
The third “stream” of incoming real data, which simply cannot be ignored when analyzing a chart, is volumes. I’ll try to explain why the third stream, what are the first two. On any chart of a trading instrument there are two scales, price and time. These are two real and independent incoming data streams. All Technical Analysis studies them inside and...
In this video, we explore a high-probability scalping and/or day trading strategy for XAUUSD (Gold), building upon concepts introduced in our previous videos about trading plan development and risk management. This installment focuses on refining entry points for high-probability trades. Initially, we analyze a basic trend continuation strategy on the 4-hour time...
Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- The indicators activated in the settings are those created by trading volume. Therefore, this indicator represents the volume profile section. The indicator that the arrow points to is the...
This is a short mentoring/educational session. The USD/JPY is the pair we are trading this evening, I analyse this based on the mtf wave structure. I explained the importance of the secondary trend, as a determinant tool or information for what may happen in the future. I also shared one of my waves of success strategy using the DMI and the VMP for trade...
"Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Are the sellers still there? Enough to absorb the buying power? Reaction at Impulse is worth observing closely to gauge energy. Rejection is expected on at...
Using different time frames and indicators is a key aspect of a well-rounded trading strategy. By analyzing an asset across various time frames, traders can identify larger trends and shorter-term price action. Higher time frames provide a broader context, while lower time frames offer more detailed data on potential entry and exit points. Combining technical...
The Power and Beauty of Price Gaps Price gaps represent a clear imbalance in supply and demand, making them one of the purest representations of momentum in financial markets. These gaps occur when there is a significant disparity between the closing price of one period and the opening price of the next, indicating a sudden surge in buying or selling pressure. ...
Hey Rich Friends, Happy Monday! It's a new week which means many new opportunities to get into the market...but it doesn't mean that you have to take all of them. Make sure you focus on finding the best setups by sticking to your plan and following your confirmation checklist. The best out of 25 will give you a good idea of your win/loss ratio. If you are...
In today’s article we will reveal one of the most powerful tools in cryptocurrency trading which often ignored even by top crypto traders. We are talking about fractals. Best crypto traders just use fractal levels to find support and resistance and trade bounces and breakouts. Spoiler - the fractal breakout is a right way to use it, but support and resistances...
Hi everyone, In this video I would like to discuss the value of having an unbiased bias when it comes to your analysis. It’s a dry subject with only a little chart illustrating near the end, but the boring stuff usually tends to be the most important topics when it comes to making it in this industry. I think most of us are familiar with the word ‘bias’. For...
▶️▶️▶️ What is Wyckoff method? ◀️◀️◀️ This trading method was developed by Richard Wyckoff in the early 1930s. It consists with series of principles and strategies originally designed for traders and investors. Wyckoff devoted much of his life experience for studying market behavior, and his work still influences much of modern technical analysis (TA)....
Here's how you can analyze the daily chart of BTC/USD to identify a potential wave 5 uptrend using Elliott Wave Theory: Confirmation of Uptrend: Analyze the higher timeframe charts (weekly or monthly) to confirm a dominant uptrend. Completion of Wave 4: Identify the end of the corrective wave 4. It should ideally be shallower than wave 2 and shouldn't breach the...
Part I I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups. Essentially, it comes down to three key components... A. Initial reversal/impulse waves should be traded lightly...
In this video I'm going to go through one of ICT's most famous sayings, which is "The bodies tell the story, and the wicks do the damage". If haven't taken the time to understand what he means, then you are seriously putting yourself at a disadvantage if you are using his concepts. This is one of the most crucial and useful pieces of the ICT puzzle. You often hear...