Introduction: In the world of foreign exchange (forex) trading, traders have an array of currency pairs to choose from. Among the various strategies employed by forex traders, a popular approach is to focus on trading a single currency pair. While some may argue that diversification across multiple currencies is more beneficial, trading one currency pair comes...
OANDA:NZDUSD OANDA:EURUSD Hello Traders, This video will show you how to use time frames and combine them for swing trading from a higher time frame to a lower time frame. I use recent NZDUSD and EURUSD move to frame swing trade opportunities from a higher time frame to a lower time frame. I hope this video helps you. Don't forget to give me a like and...
📍 When starting a trading career, much emphasis is placed on trading strategies, technical analysis, and indicators, which is important. However, as traders gain experience, they may discover that analysis and strategy become more intuitive as they find their specialization in the market. On the contrary, trading psychology often demands significant effort from...
Trading is a fight between bulls and bears. In a Bull market, correction is inevitable, but it has a disciplined price limits. the above chart discuss the psychology of traders in a 5 wave price action you can apply it on any indices
Hello everyone👋 Today we will discuss how to effectively work with areas of increased liquidity. Actually, it would be appropriate to make this post after we have examined how order flow is formed in the market in order to understand the technical aspect of working with liquidity. Therefore, first, we will provide some introductory information using a long...
Have you noticed? That most successful traders, engage in some type of regular physical exercise. And on their social channels they are either talking on the treadmill or they’re talking about their supplements they’re taking before they hit the gym. And it makes you wonder. Is gymming a prerequisite to trade well and successfully? I mean, do we have to gym...
Here are the current Ichimoku Forecast Lines in the daily timeframe. If the price gets above its Ichimoku forecast lines then it could go up to 31849 usdt. Possible higher levels are 32904 usdt and 33789 usdt. These levels are taken from the weekly timeframe. Experimental observation that could mean something (but what ?) : - Both IFLs traced from the price...
While not the most glamorous aspect of trading, backtesting is crucial for developing a successful crypto trading strategy. In this article, we’ll explore the importance of backtesting, its advantages and disadvantages, and the different methods available for backtesting your crypto technique. What Is Backtesting in Crypto? Backtesting is a method for...
When I worked as a professional technical analyst at major banks, I often encountered two common questions: Did I optimize my moving averages, and why did I use a 55-week and 200-week moving average? To address these queries, I've created a short video. The answer is that I never optimized the moving averages. Firstly, moving averages have a lagging effect, and...
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Hey, folks! Today I will continue my story about Bull Market Strategies. Jumping on board with a bullish market at the right moment is crucial — buy early and watch your investments soar, eventually cashing in on those higher prices as the market peaks. However, if unforeseen circumstances (such as crises or regulatory actions) arise and a bear market looms,...
Lesson 1: Be an Artist explains the following topics: Timeframe Significance Price Location Significance Drawing Support / Resistance Drawing Fibonacci Retracement – Significant Levels
In this publication, we will go into a strategy for generating passive income within the forex market, irrespective of market direction. While traditional trading methods often rely on correctly predicting market directions, what if there was a way to earn without speculating on market movements? Surprisingly, such an avenue exists, and it involves capitalizing on...
RSI VOLUME ADX Based MACD, This is the implementation of RSI + VOLUME + ADX + MACD in a single Indicator. Merged Indicator RSI-14 MACD 12,26,9 Volume ADX 14,14 i have plotted a MACD as usual, Applied RSI based OS/OB colors to MACD Histogram. Plotted ADX as Background for trend confirmation. Volume is multiplied with MACD , Signal, Histogram. (low volume...
Let's imagine it is Sunday, and you're preparing your watchlist for the week. You use the market scanner to create your watchlist. You can learn about the market scanner here: 📊Your list contains: PEPPERSTONE:EURUSD PEPPERSTONE:GBPJPY PEPPERSTONE:GBPUSD PEPPERSTONE:NZDJPY PEPPERSTONE:XAUUSD PEPPERSTONE:USDJPY It's now Monday, and you start...
📍Types of Swing Points A swing point on your chart is simply a turning point for price in the past, either to create a considerable pullback into an established trend, or to reverse it altogether. When a turning point creates a mere pullback it can be classified as a minor swing point. When it creates the base to reverse a trend, it is classified as a major swing...
Profitability is the ultimate goal for all traders in the forex market. However, evaluating profitability is not a straightforward task. While many traders rely on comparing the size of their losses to their profits, this single metric alone may not provide enough motivation or a comprehensive understanding of one's success. In fact, solely fixating on this...
Watch Stuart McPhee's Trade Zone Week Ahead update for 10.07.23, as he explored the potential impact of Friday's Nonfarm Payroll on the week's charts. Explore the technical aspects of emerging markets through Stuart's educational outlook.