Hi guys, Take a look at how I use my indicators along with a brief description of what they are used for. I apologize for the grogginess of the video but I'll have my coffee before, next time! Let me know what you think.
Here is an update to my previous idea on entries. I kept rambling on and on so this was too big for an update. Since you can't possibly cover the entire subject even in an entire book, let's go with 2 examples live, not in hindsight. They might (probably maybe even) just fail. Maybe I'll start a new idea with more 3-4 new ones, so we can look at entry + getting...
I think that for each trade we should fill in the table
How do you trade with Correlation? You can trade on forex pair correlations by identifying which currency pairs have a positive or negative correlation to each other. I have identified above the 3 main correlation pairs which correlate best with each other. In the conventional sense, you would open two of the same positions if the correlation was positive, or two...
Hola a todos, en esta ocasión explico el funcionamiento de un nuevo indicador, EP Trend Heatmap (mapa de color de tendencia). Es un indicador que muestra de forma simultánea la tendencia en varios timeframes, de forma que nos da una visión de conjunto de la situación del activo, ayudándonos a tomar decisiones con más seguridad. Se relaciona estrechamente con...
Hola a todos, en este video explico las novedades en el indicador EP Prism, en su nueva versión. Se han añadido señales de compra y venta, que se muestran muy efectivas en TODOS los timeframes. Se han añadido a la configuración del indicador controles para modificar de forma individual los parámetros para cada timeframe, lo que aumenta su efectividad, incluso en...
We should be better guided by an older and more reliable RSI trendline if we find one (along with the price trendline, parallel channel, or other price models we have. In this case we have main price trendline and the yellow channel), than the price trendline and other price patterns alone, without RSI trendline.
FOREX TRADING COURSE - Lesson 13 - How to understand the Trading Time Frame and the Confirmation Time Frame for better success!
What Is A Hammer Pattern? A hammer is a price pattern in candlestick charting that occurs when a security trades significantly lower than its opening, but rallies within the period to close near the opening price. This pattern forms a hammer-shaped candlestick, in which the lower shadow is at least twice the size of the real body. The body of the candlestick...
Financial Ratios help you evaluate a company. Most financial ratios will show you how much money you're paying for a specific piece of the business. Let us give a few examples: Price-to-Sales Ratio = Market Cap / Sales The Price-To-Sales ratio or PS ratio tells you how expensive a company is relative to its total sales. The formula is calculated in two...
Example Chart Is: The Doji Sandwich Strategy (Bearish/Sell) Three candlestick setup is: 1) Large Red Candle (1st one) 2) Small Doji (undecided) Candlestick with body within the 1st candles body 3) Large Red Candle (Continuation) *You want to start a trade at open of 4th candlestick with appropriate stop loss, targets and risk management.
With value investing everyone knows: Buy when there is blood in the street, when a good company has a P/E ratio of maybe under 10. But with currencies, other than the advice "50% to 61.8% fib" and a whole lot of troll "buy every bottom sell every top with the magic indicator or magic drawing on the chart" there is no common knowledge. We can look at this recent...
Example Chart: Down Trend, then Reversal Upwards Morning Star (Three Candlestick Signal/Pattern) 1) Large Red Candlestick 2) Undecided Candlestick (small Doji) 3) Large Green/Blue Candlestick- going up at least 1/2 way of 1st Large Red Candlestick *Trade Bullish or Buy trading is indicated after this bullish morning star signal or pattern occurs afterwards-...
Words cannot express how much my followers mean to me. I’m eternally grateful for all the support and kindness I have received in the past few months from my followers on this platform. I came across an interesting story written by Friedrich Nietzsche, so I decided to share it here. I believe it will give you a clear pathway on how to follow others in life and...
Hi, If you know the pattern & can identify it correctly during the formulation. You can easily enter & target a proper level. Just like in the previous XAUUSD idea in which we targeted the Previous move which was inside the pattern and banked 170+ pips. If you had an eye on it you could have easily targeted our next target which is 3x of the last one. So this h See ya!
Educational Video On Trade management, Tribute video to my 700 followers on Trading view Key concepts of this article were taken from the book “How to Make Money in intraday trading”, Guru Ashwani Gujral, which is a very nice book for new traders.
I highlighted a key area with a purple rectangle. It appears GBPCAD has enjoyed creating this double top/bottom pattern in the last few days. ►In the second and third-fifth of the London session, the price breaks out of the Asian range (yellow) and created top. ►Before the start of the New York session, the price starts to retrace back to the Frankfurt opening...
Hey! Who wanna get a portion of motivation?🧐 I recently read a book "5 Steps to Success: Serial Winner" - by Larry Weidel. 💪 This book served me as a great kick'n ass! You know... sometimes a huge pile of difficulties falls on your head, when usual daily routine becomes unbearable - there are two options - give in and continue suffering or STRUGGLE! The...