What is correlation analysis? Correlation analysis is a statistical method used to investigate the relationship between two or more assets. It is commonly employed to understand how changes in one asset are associated with changes in another asset. The goal is to determine whether a relationship exists and, if so, the direction and strength of that...
Not worth it I tell you. Never buy at the peak high. Always buy at the peak low. When ever you see a peak in the day of trading and you had a major rise in price due to things such as rallies or market seasonal up trends, or 🐳 it's moving up and you don't want to miss it. However; you buy in on the rush up-word believing it's safe to assume things will be...
Greetings, esteemed members of the @TradingView community and all Vesties out there! Let's explore four timeless pieces of advice that beginners tend to overlook and why we should give them closer attention. 1. Manage your expectations. Some newcomers fall into the trap of unrealistic expectations, drawn in by "get rich quick" schemes that initially...
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! Elliottwave and Elliotwave 3/C Entry Model. This is the minimum you should consider doing when laying out,"on paper", your favorite/profitable trade...
Hello Everyone, Here is a short walkthrough on our latest indicator cum screener - Auto Harmonic Pattern Screener. In this video we talk about few things. Auto Harmonic Pattern Screener and how to use it Different settings and Chart components Differences between Auto Harmonic Pattern UltimateX and Screener and how to use them together to find patterns...
The hardest parts of trading: 1. Patiently waiting for the right setup 2. Boldly pulling the trigger on the right setup 3. Calmly accepting the final outcome of the right setup Plan the Trade and Trade the Plan. If market reacts differently, Make a new plan and trade the new plan. Good Luck and Good Trading Happy weekend.
Hey traders, Depending on your actions, you can get 5 completely different results taking just one single trade. 1️⃣The first outcome is a small win. By a small win, I mean a winning trade producing up to 2.5% account growth. 2️⃣The opposite situation leads to a small loss. To me, a small loss is a losing trade producing up to -1% account...
Inflation is an economic phenomenon that gradually erodes the purchasing power of money over time. While it may seem like a minor inconvenience, inflation can have detrimental effects on individual savings , investment returns, and overall economic stability. In this article, we will explore why inflation can be considered a silent killer and...
Hey traders! 👋📊 Today, let's dive into an intriguing classic drop base drop setup that has caught my attention on the charts. 📉💼 The recent market movement revealed a lucrative pattern, highlighted by today's MM (Market Makers) absorption. 📈💰 This absorption has strategically paved the way for a potential leveraged movement within the $449 dollar range, showing...
How do we determine the levels of supply and demand on a chart? To find supply, we will look at the highs of price movements, and to find demand, we will look at the lows. We need to note highs and lows with fast and strong price movements. Fast rises for demand and troughs for supply. The less the price stays at a level the better for us. The first thing we...
In the comments below, share the best trading advice that you've ever heard. This could be an intelligent quote you heard or read. It could also be a piece of advice given to you by a family member or friend. Let's create a collection together! We'll also be gifting exclusive and limited edition TradingView shirts to 5 lucky comments! Please keep in mind that...
Sometimes, when a long term EMA is in proximity to a short term EMA, it is known to be some of the most important confluences for long term swing traders, known as the "Golden" and "Death" Crosses. Sometimes, the market makers like to take advantage of traders looking for this confluence. This is what causes expansive volatility within these ranges. It can also...
Just to get you up to scratch. An impulse trader in the financial markets is someone who makes trading decisions based on sudden emotional reactions rather than structured and informed strategies. They often buy or sell markets due to fear, greed, or other emotions, disregarding systematic analysis and rational judgment. Being an impulse trader can be dangerous...
Want to master the art of momentum trading? Look no further. In this FXOpen guide, we’ll explore how to use momentum indicators, the signals they generate, and five of the best momentum indicators for trading. What Is a Momentum Indicator? Momentum indicators are technical analysis tools that help traders gauge the force behind and direction of trends. These...
Welcome to @Vestinda new article about Learning Curve! We are delighted to share this insightful piece with our valued community on @TradingView ! At Vestinda, we believe in empowering traders with knowledge and tools to navigate the cryptocurrencies and futures trading. In this article, we will explore the concept of the learning curve and its relevance to the...
Volume price is my term meaning the average price for a certain traded volume in a certain period of time. As an example, I took the BTCUSD chart To find out at what level the largest volume is traded, there is a tool called "Fixed Volume Profile" FRVP (located on the sidebar, in the Tools for Measurement and Forecasting cell). Here I stretched it for the period...
Yes, it is possible that the total money supply will decrease. = The total money supply in an economy is affected by various factors such as monetary policy, banking system dynamics, and economic conditions. Here are some scenarios in which the total money supply may decrease: CONTRACTIONIST MONETARY POLICY Central banks have the ability to control...
Hello to all EXCAVO Family Team members in Bybit's WSOT Crypto Trading Tournament Total Prize Pool 8.000.000 USDT There are 3 days left until the start - Competition Phase: Aug 7, 2023, 10AM UTC - Aug 27, 2023, 10AM UTC We have 20 days, and our goal is to make the biggest Squad PnL(%) possible. It's calculated by the formula at the bottom of the page. 1....