I made this video upon request of a friend of mine Shoutout to Carlton Flowers. Trying to explain in the video the charts that I am monitoring on a daily basis.
Education excerpt: Relative Strength Index 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....
One of the simplest ways for trade selection and execution is the utilization of channels. Its relatively easy and maybe that's the problem. People generally want complicated methods and I am yet to understand why? This system uses phycological levels/ numbers. These are areas of great interest for a majority of people. The round number I have always believed is...
We realize that sometimes you just want to get your charts out to people as soon as possible. With the Tweet Chart Image feature, now you can! As illustrated above, simply choose "Publish" then "Tweet Chart Image" and you'll be able to tweet the image out directly from your Twitter account to get that critical analysis to your followers fast! What's that?...
FOREX TRADING COURSE 101 - Lesson 10 - Hot to understand and trade CONSOLIDATION inside a TREND for better trading success!
I have always been bullish with cryptocurrency, especially in BTC even though many will argue that it has not much of a usage apart from just transaction. But BTC has and will be the leader since it has garnered the most attention from the institutions and even countries like El Salvador. Mores o, Citibank has come out with the current report on cryptocurrency,...
The Golden Ratio: After opening, few numbers in the Fibonacci series, the ratio that will appear after every greater number will equivalent to .618, whilst the lowest number will be 1.618. These two important numbers are known as the Golden ratio. Example divide Fib #: 34/55= 1.618 Fibonacci numbers were first introduced in European countries, which was still...
Futures contracts are derivatives with expiration dates like options. The stock indices expire quarterly on the last month of each quarter. In this tutorial, I show how to roll forward or rollover and easily add the new front month contract to a watchlist.
Gold is one of those things a lot of us wish to know how to trade but are completely scared of, am i right? I want to simplify for you and what really changed the game for me.
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...