Understanding the concepts of relative drawdown and absolute drawdown is crucial for effective risk management and evaluating the performance of trading strategies. In this publication, we will delve into the understanding of both relative drawdown and absolute drawdown. 🔷 Relative Drawdown: (Sometimes referred to as equity drawdown) Relative drawdown is...
Hi there, When it comes to trading groups, there are both potential benefits and considerations to keep in mind. Joining a trading group can be a valuable opportunity for traders seeking fresh perspectives and innovative ideas to enhance their understanding of the market. Benefits of trading groups include exposure to diverse concepts and techniques that can...
Welcome, fellow traders, to this exciting tutorial where we dive deep into the world of supply and demand analysis using the powerful Supply and Demand Deluxe indicator that I launched this morning. Prepare yourself for an enjoyable learning experience as we unravel the mysteries of supply and demand levels across various timeframes. So, grab your favorite...
In RTM style, One of the power patterns is QM. This pattern is of reversal type and spotting correctly insures highly profitable trades taking place. How to Spot the pattern?? Let's say you are in a down trend , following should happen to have a valid setup. 1. Price makes a LL after making L. 2. Price takes out Last H and Creates HH. 3. if it breaks it...
This reversal strategy is used at areas such as demand and supply zones, which often forces the market to reverse.
This right here is my favorite type of entry where you can basically see a nice bottom and re-test from the pullback before so in my eyes coming back down to this price too fill in the gaps is a MUST PAY ATTENTION type of trade... too me this is a continuation of price action. NOW! don't just get to your desired price and throw a market order in just because it's...
⭐Bearish Symmetrical Triangle - Bearish + Bullish trendline - Take price at lenght of triangle height - Stop loss above last high ⭐Symmetrical Triangle - Bearish + Bullish trendline - Take price at lenght of triangle height - Stop loss below last low ⭐Bearish Flag - flag pole - Bearish channel in bullish trend - Take price at lenght of - flag pole -...
1 Check D for trend and last candle for daily bias 2 Check EMA on 4H for trend 3 Use fib on H for 50% entry level 4 Check the news 5 Locate Fair value on 5M 6 Note the range on 15M 7 Draw T entry in 15M 8 Place limit order on 15M 9 Use 1% risk 10 Move stop at 50% profit
Something I can't quite get across to traders, especially new traders is intuition. The dumb ones can't comprehend the subject and the smart ones (probably with a programming background) can't understand anything but an IF/THEN scenario. Problem is trading is an amalgamation of patterns, that don't perfectly repeat but often rhyme and if you're looking for...
We will use for the PRICE part: 3 for PO3 6 for IPAD levels. And for the TIME part: 9 as seen in the lookback period. Combine these together, and you have your time and price. These concepts are based on the vast majority on the terminology of Michael J. Huddleston, known as The Inner Circle Trader or ICT. Hopiplaka's contribution ...
Today, I'd like to introduce you to the 'AEM' framework – a three-step process to successful trading. This framework is designed for everyone, from beginners starting their journey to seasoned professionals looking to refine their strategies. It involves three fundamental steps: Analyze, Execute, and Manage. Let's break down each element: 🔍 'A' for Analyze The...
📌 What is the Rising Wedge Pattern? The rising wedge is a bearish chart pattern found at the end of an upward trend in financial markets. It suggests a potential reversal in the trend. It is the opposite of the bullish falling wedge pattern that occurs at the end of a downtrend. Traders recognize the rising wedge as a consolidation phase after a medium to...
COINBASE:BTCUSD Dear followers, I wanted to take a moment to express my deepest gratitude to each and every one of you who have chosen to follow me blog on tradingview. Today, as we reach a significant milestone of 50 followers, I am overwhelmed with appreciation for your continuous support, engagement, and trust in the insights and information I provide. It...
Bar patterns are elegant tools for every trader who trades on Price Action signals. I present to you 10 bar patterns that you must know! These patterns are easily found on charts and allow for easy placement of stop loss and take profit. Reversal Bar Patterns 1. Reversal Bar 2. Key Reversal Bar 3. Exhaustion Bar 4. Pin Bar 5. Two-Bar Reversal 6. Three-Bar...
This is the first video explaining what "Learn to Read and Trade Any Market" video series will include. Enjoy!
Becoming a professional trader is not an easy task. While trading may seem exciting and lucrative, it requires dedication, discipline, and a sound understanding of the markets. In this article, we’ll share with you three key steps to becoming a professional trader. 🌺Step 1: Build a Strong Foundation Before beginning your journey as a trader, it’s essential to...
How Can Being an Average Analyst Lead to Profits? The Power of Risk Management and Risk Percentage Introduction : In the world of finance, where exceptional skills and expertise are often sought after, it may seem unlikely that being an average analyst could lead to profits. However, there is a simple formula that can help you achieve good results despite...
Continuing with my objective of shedding light on the often overlooked and undervalued functionalities offered by the platform, I am delighted to delve into the market screener. This sophisticated tool stands as a testament to TradingView's commitment to empowering traders and investors by providing them with a comprehensive solution to efficiently navigate...