Very often the main issue for traders is to just on time (quickly?) spot on chart correct patterns that may warn traders about incoming to market Supply or Demand. Everyone tries to catch reversals as this is beginning of potentially long new trend. And asking yourself try to answer honestly to yourself - how often you skipped the move because you didn't notice it...
PLOTTING A FIBONACCI EXPANSION: - Select the Fibonacci Expansion Tool 1) Start From The Top Of The Trend (In A Down Trend) 2) Set The Middle Point Where The Correction Started 3) Set The 3rd Point, Where The Correction Ended Possible Target areas and/or zones are plotted below this 3rd point for you to utilize as per your risk management and trading style....
Bitcoin Dominance: A measure of how much of the total crypto market cap that is comprised of Bitcoin. i.e. 41% of Total Crypto Market Cap is BTC in this explanation. When BTC Dominance increases, typically the value of alts decreases against BTC Vice Versa. When BTC Dominance decreases, typically the value of alts, increases against BTC. There are of course...
How to trade bitcoin?? If you know the main trend - up or down it doesn't matter. You see break strong bearish trendline. It is better to wait for confirmation, for confirmation you can use growing volume. If is the main trend is running, then you can re-entry in correction. Still same setup - wait for break, check the volume and buy. This example is on 4H...
FOREX TRADING COURSE 101 - Lesson 9 - The 3 Trendlines every time frame has and how to understand them for better trading success!
What Are Inside Days? Inside days refer to a candlestick pattern that forms after security has experienced daily price ranges within the previous day's high-low range. That is, the price of the security has traded "inside" the upper and lower bounds of the previous trading session. It may also be known as "inside bars." Inside days may indicate consolidation or...
Running a strategy with a proven edge has me comfortable mentally on how a trade plays out, Be it a stop out or a take profit target met. Also automating those proven strategies and just letting them be helped with my mental state as a trader. Trade alerted 17:45 this afternoon and has been close once to TP. I didn't know this I was in the garden enjoying...
Cmo + fisher transform + Bollinger bands The fisher transform is a sentiment indicator Lets get the settings up: our fisher line is blue our trigger line is orange 1.5 is red 0.75 is orange 0 is yellow 0.75 is mint green 1.5 is dark green So were looking to use this in a trending market so we are looking for a sell if it hits the yellow line 3 min sell...
I started trading 💹 this year, 2021, It's been a challenging journey. At some point it seemed like I was in deep water with no idea of what I was doing. Learning how to trade with trend was an idea start. There are many trading patterns but mastering the Head & Shoulder pattern for me was a turning point from consistent loses So I feel it's a good place to...
General information The Relative Strength Index (RSI) is a momentum oscillator that was introduced by J. Welles Wilder in an article published in Commodities magazine in June 1978. The Relative Strength Index measures the velocity of directional price movement and is commonly used in conjunction with a daily bar chart. However, it can be utilized on a bar chart...
If you are interested in charting elliotwave where many thinks its a holy grail of making profit in the market like me I have here to share the knowledge.
How to use the Tick and Price Action Indicator in concert with Value Area for NQ 5 minute 1) Identify the fibonacci extensions based on previous day value area 2) Activate developing VA for the current day 3) Apply the Tick and Price Action Indicator and follow the arrows and colours 4) Enter only if NQ is trading outside of the current day Value Area (see your...
Order blocks really amazing for day trading - we are sharing order blocks system setup ..
In order to connect TradingView to the supported broker Tradovate, you need to authorize a setting on the Tradovate platform. In this video, I show you how while clearing my throat loudly a few times. Note to self - no videos before coffee
Hey traders, Consistently profitable traders have a lot of things in common. Watching how they act and following their ideas & thoughts we can spot a lot of commonalities among them. In this article, I have collected 8 trading habits that a trader should have to become successful. 1️⃣ - Continuous Learning 📚 The markets are infinitely deep in their...
No April Fools joke here , the first card I pulled off the top of my Trader Tarot Deck (thanks @TradingView) was the KING OF FUTURES. Maybe there is something to this Tarot thing?
FOREX TRADING COURSE 101 - Lesson 8 - How to properly build a CHART with what we have learned so far for better chance of Success - (USDJPY example)