Hey Rich Friends, Happy Wednesday! I wanted to share one of my top 3 favorite indicators with you.... The Stochastic (STOCH). As a leading (vs lagging) indicator, it is perfect for beginners because you can find entry and exit signals with only a few key details. Adding the STOCH to your chart: 1. Search the indicators for "STOCHASTIC" and click once to...
Introduction to Options on Corn Futures Corn Futures are one of the staple commodities traded on the Chicago Board of Trade (CBOT), representing a critical component of the agricultural sector's financial instruments. Each Corn Futures contract is standardized to 5,000 bushels, and the price is quoted in USD-cents per bushel. Contract Specifications: Point...
Would you believe me if I told you the US & global markets (some) will rally more than 65% to 125% (or more) over the next 4 to 5+ years? You would probably call me crazy for even suggesting that will happen in a reasonably short time frame. But, what if I could show you how structurally (using Elliot Wave concepts and Fibonacci) this incredible rally may...
Liquidity plays a vital role in shaping market prices, particularly among large market players such as banks, hedge funds, and other influential entities. These entities, often referred to as market makers, manipulators, and others, are driven by their pursuit of liquidity. In fact, liquidity is the foundation upon which successful trading is built, and it's where...
Good day, traders The Bitcoin Halving has happened again. ~1st Halving (Nov 2012): BTC price was $12.0. It reached its highest price ever at $1163. ~2nd Halving (July 2016): BTC price was $638.51. Then, it skyrocketed to a new all-time high of $19333. ~3rd Halving (May 2020): BTC price was $8475. It later surged to a new record of $68982. ~4th Halving (April...
In this article, I will show you a simple technical indicator that will help you to identify support and resistance levels easily trading any financial market. And what I like about this indicator is that it is absolutely free and it is available on all popular trading platforms: tradingview, meta trader 4, meta trader 5, etc. This indicator is called ...
In times of geopolitical turmoil or war, investors often seek refuge in currencies perceived as safe havens. several currencies are considered safe harbors due to their stability, liquidity, and low risk of depreciation. Some of the notable safe-haven currencies include: 1-US Dollar (USD): The US dollar is often regarded as the ultimate safe-haven currency due to...
Ready, set… plan? In this guide, we discuss why you need to plan your trading before trading your plan. Let’s roll. Table of Contents: »Importance of a Trading Plan »The Successful Trading Plan Doesn't Exi... »What's in a Typical Trading Day? »Markets, Strategies and Styles »Summary Venturing into trading without a plan is akin to setting sail on the ocean...
Want to spot a turning point in trend before it happens? Use Elliott wave parallel channel This chart shows the GBP/JPY currency pair using monthly candlesticks. The advance from Sep 2011 to June 2015 can be labeled as an impulse wave (A). From that high, the pair declined in three waves labeled as wave (B) of a Zigzag A-B-C correction with an expanding diagonal...
AT A GLANCE: Despite ongoing geopolitical conflict, oil prices and volatility are relatively low A rise in U.S. crude production and weak demand in China are helping oil inventories maintain average levels Considering many factors like the Russia-Ukraine war, OPEC+ cutting production by 3.6 million barrels per day and conflict in the Middle East, many...
TradingView has just introduced an innovative feature on their charts known as the Volume Footprint . This tool represents a significant advancement in chart analysis, offering a detailed view of trading activity and volume at specific price levels. Are you interested in gaining an early advantage by becoming one of the initial traders to master this new tool...
How Does Recession Affect Financial Markets? Recessions, marked by widespread economic decline, profoundly impact financial markets. Understanding how different markets – stock, forex, commodity, and bond – respond to these downturns is crucial for traders and investors. This article delves into the varied effects of recessions, highlighting strategies for...
I have been very lacking in producing educational content. I know a lot of you follow for my analysis, some others for my indicators and some others for my educational content. While I have been getting back in the groove of posting for the later 2, I have neglected those interested in educational content. So voila, here we are with an educational post! In this...
█ Discovering profitable stocks for intraday trading: Simplifying the BeSt System Intraday trading style capitalizes on the market's daily fluctuations to generate profits, appealing to traders seeking quick returns. However, the rapid pace and high associated volatility require precise decision-making and a deep understanding of market dynamics. For intraday...
Hello community, The cryptocurrency market operates through discernible phases , each presenting unique dynamics as illustrated in charts. Initially, during the Bear market phase , Bitcoin's dominance surges while prices of cryptocurrencies across the board decline. This phase is marked by pessimism and a general lack of confidence in the market. As the...
CFD trading has a close cousin you may not know about … spread betting. Just like CFD trading, spread betting allows you to speculate on the future direction of a market's price without owning the underlying asset. Key advantages include: Tax efficiency : Profits from spread betting are free from UK Capital Gains Tax*. Similar to CFD trading, there is also...
In this video, we will help you learn the essential functions of the TradingView mobile application with AMP Futures.
The plan for the session was to trade short off resistance on the DOW after an initial opening drive higher. The short side was the play and paid out nicely for patient sellers. In the video I talk through the key Price Action for the move and prime trade areas on the DOW Index. ANY QUESTIONS, JUST LEAVE IN THE COMMENTS !! ** If you like the content then take...