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...
Does technical analysis really work in Gold trading?
In this article, we will discuss whether the traditional, classic methods of technical analysis: support and resistance, breakouts, patterns can be reliable in this specific market.
We will explore the dynamics of Gold prices so far this year and discuss the most efficient way to trade Gold.
So if you...
Hey traders,
In this educational article, we will discuss 3 stages of the evolution of a trader .
Stage 1 - Unprofitable trader 😞
The unprofitable trader has very typical characteristics:
-total absence of trading skills
Most of the time, people open a live account simply after completing some beginners course like on babypips website.
Being sure that...
In the pursuit of trading mastery, the path is often littered with setbacks and failures. However, it's essential to recognize that these hurdles are not just obstacles but invaluable learning opportunities. Learning how to fail – and more importantly, learning from failure – is a critical step towards enhancing your trading success. This article explores the...
I am trading multiple time frame analysis for many years. After reviewing trading ideas from various traders on Tradingview, I noticed that many traders are applying that incorrectly
In this article, I will share with you 5 essential tips , that will help you improve your multiple time frame analysis and top-down trading.
The Order of Analysis Matters...
A lot of traders apply trend lines for trading and making predictions on different financial markets.
Trend line can also be an important element of price action patterns.
However, only few knows that some trend lines are better to be avoided.
In this article, I will share with you the types of trend lines that you should avoid and not rely on for...
Support and resistance levels, the bedrock of technical analysis, are fundamental elements. They serve as critical points that delineate potential price movements and are pivotal in decision-making processes for traders and investors alike
The basis:
There are several fundamental concepts in trading that remain the same over a long period of time. Among them,...
If you want to learn Smart Money concepts, but you don't know what to start with, this article with help.
I will share with you 5-steps Smart Money Concepts learning plan . 5 important topics to study in SMC.
Topic 1:
Market Structure - the analysis of a behavior of a price on a chart.
In the contest of Smart Money Concepts you should learn:
-SMC...
The quarters theory challenges the notion that financial markets are chaotic and that market prices are random by demonstrating constant orderly movement of price from one Quarter point to the next. In this publication, I will delve into the fundamentals of Yotov's Quarter Point Theory, its significance, and how it can be applied effectively in forex trading.
...
Bull markets are the epitome of investor optimism and economic growth, characterized by rising asset prices and increasing investor confidence. However, within every bull market, there lies a cyclical pattern composed of distinct phases: Discovery, Momentum, and Blow-off. Understanding these phases is crucial for investors to navigate the market efficiently and...
I am going to reveal a powerful fibonacci trading strategy that I learned many years ago. It combines structure analysis, fibonacci retracement and extension levels and candlestick analysis.
Step 1
Find a trending market - the market that is trading in a bullish or in a bearish trend on a daily time frame.
AUDUSD is trading in a bullish trend on a...
When it comes to technical analysis,
the understanding of which support and resistance levels to not trade can be as important as knowing which ones to trade.
In this article, I will show you the structure levels that professional traders avoid to maximize their profits and minimize losses.
Invalidated support and resistance
Invalidated...
Identifying the correct zones and regions for your trading:
Many of our followers will know that not only do we have Excalibur targets, we give the exact levels and price points that we want the price to achieve. What we also do, is show you the boxes (zones) on the chart for the wider community, to help steer you in the right direction. Price action plays a...
Have you ever been in the following situation?
You pick a trading strategy, you make nice profits and then, for some unknown reasons, you start losing. You take one trade after another and the strategy stops working.
That is a very common thing that happens will every trader. I am trading for more than 9 years, and you know what, this year I got a trading...
Hey here is Technical Patterns cheat sheet for traders.
🖨 Every trader must print this cheatsheet and keep it on the desk 👍
🖼 Printable picture below (Right click > Save Image As…)
In finance, technical analysis is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume.
Behavioral...
Hey guys! Do you agree with me?!
It's easy to become charmed by the prospect of making rapid money in the financial markets, yet trading makes almost no one rich – in fact, many individuals lose money*
If you like my graphics, please use Like button 💙💛
* 90% of traders losing money, only 10% get profits. Why?
Here is 3 reasons:
1) Most traders Enter A...
Even though I am a pure technician and I rely only on technical analysis when I trade, we can not deny the fact that fundamentals are the main driver of the financial markets.
In this post, we will discuss the most important fundamentals that affect forex market.
You can check coming fundamental news on TradingView in the economic calendar.
The...
What are the best key levels to trade?
Last year I analysed more than 1500 key structures on Forex, Gold, Crypto and Indexes.
In the today's article, I prepared for you a list of 5 elements of a perfect support and resistance for trading.
As always, remember that the best key levels are always on a daily time frame. So all the structures that we will...
![BTCUSD: TOP 20 TRADING PATTERNS [cheat sheet]](https://s3.tradingview.com/s/SGUilTg3_mid.png "TOP 20 TRADING PATTERNS [cheat sheet]")
