We are going to discuss the concept of FAIR price and how it is related to momentum. This is also a missing piece of the puzzle related to the guppy moving averages. Which never explains the logic of fair price behind the moving averages. Just saying "traders are selling" or "investors are buying" without giving you the psychology behind the buying and selling. ...
Introduction Dow Theory is the foundation upon which the edifice of technical analysis stands. Named after Charles H. Dow, co-founder of Dow Jones & Company and The Wall Street Journal, Dow Theory offers insights into market trends, investor psychology, and the broader economy. This article goes beyond the rudiments of Dow Theory to provide an in-depth...
HERE IT IS! 🚀 In the "Forex chart analysis for beginners" lesson I am giving you the exact way how I do market structure mapping and everything you need to read charts like a pro forex trader.
The Significance of Stop Loss: Essential for Successful Trading and Consistent Profits The majority of seasoned forex traders unanimously emphasize the significance of implementing stop losses in all trading strategies. Unfortunately, beginners and newcomers tend to overlook this essential rule initially, but eventually, they either grasp its importance or cease...
Who is Peter Lynch? Peter Lynch is a renowned American investor who is best known for his tenure as the manager of the Magellan Fund at Fidelity Investments from 1977 to 1990. Under Peter Lynch's leadership, the Magellan Fund became one of the most successful mutual funds in history. During his tenure, the fund averaged an annual return of around 29% ,...
Introduction: Forex trading involves analyzing various factors to make informed decisions in the foreign exchange market. Traders employ different types of analysis to gain insights into market trends, anticipate price fluctuations, and make profitable trading decisions. Let's explore three primary types of forex analysis: fundamental analysis, technical...
The Node Squeeze Indicator is a robust tool designed to help traders identify significant market moves in advance. By leveraging a combination of Bollinger Bands, Keltner Channels, and the Squeeze Momentum Indicator (SMI), this indicator effectively highlights periods of low volatility followed by high volatility expansion. In this post, we'll explore the key...
I wasn't always profitable. I lost a lot of money when I first started trading forex. I don't remember how I got started learning forex. But I know I started when I was serving in the army. I borrowed books from the library, watched many YouTube videos on trading. I was very knowledgeable on technical analysis. I know the concepts so well I could vomit them out to...
o read a chart effectively, follow these steps: Choose a Timeframe: Select the timeframe that suits your trading or analysis goals. Common timeframes include minutes (e.g., 5 minutes, 15 minutes), hours (e.g., 1 hour, 4 hours), days (e.g., 1 day, 1 week), or months (e.g., 1 month, 3 months). Understand Candlesticks: Candlesticks represent price movements within...
So much to talk about in 1 chart! NYSE:KO , 5min At 3:15pm Friday, we finally broke value for the week, then month, and year, down to take out two VPOCs (weekly and daily). Great example of how price obeys #MarketWebs across timeframes!
Hey traders, In this post, we will discuss a classic candlestick pattern formation each trader must know - the engulfing candle. Key properties of this pattern: 🔑 Engulfing candle is a reversal pattern. 🔑 Engulfing candle can be bullish or bearish. ❗️Also, remember that this candle demonstrates the highest accuracy when it is formed on a key level (support or...
🔥 Do you ever feel the Fear of Missing Out (FOMO) when trading? 🔥 It's a common struggle, but fear not! In this post, I'll share five crucial points that have been instrumental in helping me gain control over my psychology throughout my trading journey. 😎 Embrace the Unpredictability: The market is a wild ride, and it can change direction in the blink...
📚Engulfing candles are an essential feature of technical analysis in forex trading. An engulfing pattern happens when a larger candle engulfs the entire body of the previous candle, signaling a potential reversal of the current trend. Engulfing candles, which can be either bullish or bearish, are trusted by many traders for their reliability in predicting future...
WHAT IS DOUBLE TOP PATTERN? A double top pattern is a bearish reversal chart pattern that is formed after an uptrend. This double top pattern is formed with two peaks above a support level which is also known as the neckline. The first peak is formed after a strong uptrend and then retraces back to the neckline. After reaching back to...
In this Weekly Review I breakdown my thought process for my first 4 trades of the week. The video was cut short due to a 20 Minutes max length for tradingview. I just learned about this since I am new to video analyses on tradingview. I will be uploading the Part 2 for my final (5th) trade of the week at some point this weekend. If you enjoyed the video, please...
♦️Navigating the world of forex trading can be both thrilling and challenging. While it may seem overwhelming to keep track of all the complex factors that affect currency movements, some key fundamentals can significantly impact forex markets. In this article, we will discuss three essential forex fundamentals: non-farm payrolls, interest rates, and central...
Build Back Better is a disaster for the economy. Banks are failing and Inflation is killing middle class America. The wealthy are above inflation rates in a top down economy where they receive their money before the full effect of inflation kicks in at the lower levels. "Trickle Down Economics". Non Farm Payrolls are down again marking a decisive trend. Fewer...
VPOCs act as magnets for the market. They are where price and volume were most active in the past and the market remembers these levels. Often price will reverse from tagging these levels. They're great for trade targets or for trade entries with limit orders.