Greetings, esteemed members of the @TradingView community and all Vesties out there! The Pyramid of Trading Success is a conceptual model that outlines the fundamental principles and steps needed to achieve success in the trading world. It serves as a guiding framework for traders to build a strong foundation and gradually ascend towards becoming proficient and...
Hi, This is a trade review for 01 Aug 2023. Here are some details for the trades. OANDA:XAUUSD 1-hour time frame 2% per trade 1 loss, 1 win (trade still open with take profit 1 achieve) Net -1% currently. Disclaimer: Not Financial Advice! I'm just sharing my trading journey. Please take it as educational content. Thank you! Tuesday, Gold fails the upward...
What portion of your equity should you risk for your trading positions? In the today's article, I will reveal the types of risks related to your position sizing. Quick note: your risk per trade will be defined by the distance from your entry point to stop loss in pips and the lot size. 🟢Risking 1-2% of your trading account per trade will be...
Sonic R system combine 3 EMA: EMA 34 / EMA 89 and EMA 200 If trend is up, we normally see that EMA 34 above EMA 89 and EMA 89 above EMA 200 If trend is down, then EMA 34 below EMA 89 and EMA 89 below EMA 200 The zone created between these 3 EMA called VALUE ZONE. We only look for entry when price retest this VALUE ZONE. For below example: EMA 34 is blue, EMA 89...
"Super Swing Strategy" - Bollinger Bands, RSI, and ADX Strategy Indicators Used: - Bollinger Bands - Relative Strength Index (RSI) - Average Directional Index (ADX) Bollinger Bands for volatility, RSI for overbought and oversold conditions, and ADX for strength of the trend. How it Works: Add Bollinger Bands, a 14-period RSI, and a 14-period ADX to your...
Hello, friends. I wanted to share that I've been studying the Elliott Wave principle for three years now. Initially, I began with Kendel and binary options, but I always strive to find the right path when I enter a profession. I've also worked with Price Action, which I found to be good and preferable to using candles. However, I discovered Elliott Wave through...
Hello TradingView Community, it’s Ben with LeafAlgo! Today we will explore a popular indicator with commodity traders - the Commodity Channel Index (CCI). The CCI is a powerful tool that has earned its place among traders due to its ability to identify potential trend reversals, overbought or oversold conditions, and price extremes. In this comprehensive guide, we...
Introduction Forex trading is the practice of buying and selling different currencies to profit from market fluctuations. This financial market is the largest in the world, with an average daily trading volume of $6.6 trillion, making it an attractive arena for traders. In this article, we'll cover some fundamental principles of forex trading, and show you where...
The 1 Hour Retrace pattern is a candlestick formation with great potential for success and strength. This pattern originates after a false breakout of the level in which the price is contained, for example, in a channel. The beginning of this pattern occurs when one of the candles breaks outside the levels that contain the price and, subsequently, the next...
The 'Bullish Triple Formation' is a pattern in which two large bullish candles appear, separated by three small bearish candles. These three bearish candles make new lows and are contained within the body of the first large bullish candle. This pattern occurs in an uptrend and is interpreted as a correction of the trend after an upward impulse, indicating a...
Expected Value (EV) is a statistical concept that indicates whether our trading system or strategy will yield positive, negative, or neutral results in the medium or long term. It is based on previous results. As we know, past performance does not guarantee future results, but it helps us get an idea of how it might work and allows us to base our decisions on...
A Hammer candlestick is a single-candle reversal pattern that indicates a potential change in the trend direction. These candles are typically characterized by a high or low that is significantly distant from the closing price, with the shadow being at least twice the size of the body. Like any candlestick pattern or analysis tool, its reliability increases with...
One of the most notable and risky aspects of short term trading is the almost constant minute by minute chop back and forth in near term prices. If you are a scalper,otherwise known as a day trader, looking to get in and out of the market as quickly as possible, the short term volatility is just what you want. However getting trapped on the wrong side the...
Striking the Right Balance: Mastering the Art of Trading and Avoiding the Overtrading Trap In the intricate realm of trading and investment, finding the perfect equilibrium between capitalizing on opportunities and managing risks is paramount. However, the siren call of overtrading often lures traders into treacherous waters, jeopardizing their financial...
It’s no holy grain, but routine is crucial. You need to find what works vest for you. This way you’ll be able to streamline your trading activities. Here, I lift the curtain to reveal my daily trading routine — a blend of ritual, strategy, and discipline that helps me navigate the markets with confidence. My routine is not a magical formula for instant...
As traders, if we want to improve our technical analysis knowledge to better develop our price action skills, we owe it to ourselves to grasp candlestick patterns, in this case the Doji candlestick pattern. This post will go into further detail about this unique candlestick group and will also explain the psychology behind these patterns and how they can affect...
Hi, This is a trade review for 27 July 2023. Here are some details for the trades. XAUUSD 1-hour time frame 2% per trade 2 Solid Wins, net around +5.5% Disclaimer: Not Financial Advice! I'm just sharing my trading journey. Please take it as educational content. Thank you! Monday's trading was exceptionally successful with both trades yielding outstanding...
If you really want to know Bitcoin, you simplify have to follow the logic.