Understanding market trends is critical to trading success. The Guppy Multiple Moving Average is a powerful tool that can help traders gauge trends and identify potential reversals. In this article, we’ll explore the basics of the Guppy Multiple Moving Average, its various applications, and how to trade its signals. What Is the Guppy Multiple Moving Average?...
Position trading is a time-tested approach to the financial markets, allowing traders to profit from long-term trends. In this article, we’ll explore the top four strategies for positional trading, discuss the features of successful position traders, and briefly examine three essential indicators that can help with your position trading journey. What Is Position...
I. Introduction Derivatives trading is a vital aspect of modern finance that encompasses various financial instruments, including futures, options, swaps, and forward contracts. Derivatives are financial instruments whose values are derived from underlying assets such as commodities, equities, bonds, interest rates, or currencies. They provide a robust mechanism...
I. Introduction Market microstructure, a specialized area within finance, explores the intricate mechanisms involved in trading within financial markets. It focuses on how trades occur, the interplay between prices and information, and how these interactions collectively shape market dynamics. Understanding market microstructure enables investors, traders,...
Keeping a watchful eye on major economic events is crucial for investors and traders looking to navigate the dynamic landscape of cryptocurrencies, stocks, and other financial markets. By staying informed about key developments, market participants can make more informed decisions and position themselves strategically. In this article, we will provide an overview...
📊 Introduction You might want to read more about the MACD indicator if you're seeking for a technical indicator that can assist you in spotting market trends and momentum. Moving average convergence/divergence, or MACD, is one of the most well-known and often applied technical analysis indicators. We will define the MACD indicator, describe its operation, and...
In one of the previous posts, we discussed the significance of a trading journal. In the today's article, I will share with you the key elements of a trading journal of a professional trader. And first, a quick reminder that a trading journal is essential for your trading success. No matter on which level you are at the moment, you should always keep track of...
An example of how a modified Schiff Pitchfork, with lines extended, can be used to ascertain trend and various trend levels for the full chart history of BINANCE:HBARUSD Pitchforks can be extended to detect new bottoms and tops as well:
What was a realm for Wall Street titans and for the affluent investors… In the last couple of years, it has knocked its walls, and has broken the financial chains. Today, it’s at the hand to the everyday individual, regardless of their financial background. Just to put it into perspective. In 2003 until like 2007, trading was very limited. I had a very...
Definition of 'Naked Point of Control (NPOC)' Naked POC is a Market Profile term. POC - Point of Control - is the price at which most trade occurred in a given trading session. A Naked POC is is a POC from a previous day that price has not returned to on any of the following days. Sooner or later NPOCs are tested much like "Gaps" are sooner or later filled. NPOCs...
🔷Scalping: Scalping is a trading strategy that involves making multiple quick trades within a short time frame, typically holding positions for just a few minutes. Traders who employ this strategy are referred to as scalpers. The main objective of scalping is to capitalize on small price movements and accumulate small profits that can add up over time. When...
What's the hero indicator? It's a cool tool that combines 9 different indicators. Each of these indicators can help you gain a edge in the market, but they become super powerful when you combine them and create new strategies. The goal of the hero indicator is to provide traders with ready-made strategies to use. And if they want, they can easily create different...
Introduction: Embarking on a trading journey may seem daunting at first, with its complexities and uncertainties. However, the story of a trader's transformation from a beginner to a seasoned professional is undeniably captivating. In this article, we delve deep into the narrative of one such trader, exploring their challenges, successes, and the invaluable...
Hey friends! The market can only do one of four things at any time and with each of these things there are ways to capitalise. a) Expansion b) Retracement c) Reversal d) Consolidation Understanding what to look for in these conditions is vital to, first, an understanding of the market efficiency paradigm and secondly to finding entries. So once you've...
Hello traders! Today, we'll look at the basic application of Fibonacci levels to build cluster. Even a new trader will be able to fully understand this approach because of how simple it is. We will discuss Fibonacci clusters, including their definition and trading implications. We'll make use of the common Fibonacci retracement tool which reactions frequently...
Understand the Overall Trend: Begin by analyzing the higher timeframe charts (daily, weekly, monthly) to gain a clear perspective on the overall trend. This will help you align your trades with the predominant market direction. Analyze Trend and Price Action for Intraday Timeframe: Zoom in on the intraday timeframe charts (1 hour, 4 hours, 15 minutes) to evaluate...
Introduction Developing effective trading strategies is a crucial aim for traders and investors in financial markets. However, it is important to be aware of the dangers of overfitting. Overfitting occurs when a trading strategy is excessively tailored to historical market data, leading to poor performance in real-time trading. This educational post explores the...