Greetings, dear friends. I wanted to share with you an interesting idea regarding chart labeling. Instead of labeling the chart, I suggest focusing on your trend line and channel. My analytical tools include the Elliott wave principle, harmonic patterns, chart patterns, and the simple yet powerful trend line. I appreciate all of my companions and followers who...
Polygon, the most prominent Ethereum Layer 2 solution and one of the top cryptocurrency projects by market value, is launching its first zkEVM chain, independent of the main Polygon proof of stake chain. Furthermore, it plans to fundamentally change the architecture of the Polygon Network with the launch of Polygon 2.0. What Is Polygon 2.0? Polygon 2.0 is a...
The inverted hammer candlestick pattern is a one-candlestick formation that can signal a potential reversal from a downtrend to an uptrend in the market. Traders and technical analysts often look for this pattern to identify potential buying opportunities in financial markets. In this article, delve into the meaning of inverted hammer candlestick and explore...
⚡Retail traders often find themselves entangled in false breakouts or breakdowns. However, it's important to recognize that taking advantage of breakout opportunities isn't inherently flawed. The key lies in being mindful of the associated risks and never trading beyond what is considered an acceptable level of risk. By doing so, traders can protect themselves...
In this post we will analyze the Price Action engulfing pattern, one of the main candlestick patterns, which traders appreciate for its reliability and high percentage of success rate. Confirmed by other factors (key levels, indicator signals, fundamental preconditions), the engulfing pattern can become an effective tool for gaining profit. ✴️ What Does This...
NASDAQ:MSFT & NASDAQ:GOOG reported earnings after the market close today, but there isn't much that most stock or options traders can do about it until the market reopens tomorrow morning. However, the futures markets, specifically the Micro Nasdaq Futures ( CME_MINI:MNQ1! ), provide opportunities to participate in earnings directional movement hours before...
See Picture For Analysis: This is an example of the supply and demand trading strategy top-down analysis trading "set and forget confirmation, and confirmation 2.0".
Navigating the Financial Landscape: Investing vs. Speculating for Smart Financial Growth In the intricate world of stock trading, distinguishing between an investor and a speculator is vital, despite their mutual interest in market analysis. Each follows distinct approaches and objectives, and understanding these differences is paramount before venturing into...
There is a standard mathematical task. Let’s assume that six guns fired simultaneously at one target. The probability of hitting one target with one shot from one gun is 0.35 (35%); for the rest of the guns separately, the probability of hitting the target is also 0.35 (35%). We need to find the probability of at least one hit in one salvo from all guns. I...
The Power of Backtesting Introduction In the fast-paced and ever-changing world of stock trading, successful traders understand the importance of having a well-defined strategy that stands the test of time. Backtesting is an essential tool that can help traders evaluate the performance of their strategies using historical data. In this blog post, we will explore...
The Balanced Diversification Strategy: A Smart Approach to Investing 📈 Introduction 📈 Welcome, investors! Today, we're talking about a strategy that will help you navigate the stock market. It's called the Balanced Diversification Strategy. In this post, we'll explore how this approach can potentially reduce risk and provide consistent returns by spreading...
A brief tutorial on how to build out a custom chart here on Tradingview. In this video we'll take a look at changing your theme, customizing your background & candlesticks along with adding relevant information & removing what's not needed from your trading chart. If you have any questions or comments about anything mentioned in the video please feel free to...
Using SMC to perform a quick backtest of my trading system. a system that takes a lot of patience.
There is a sudden breakdown in the crypto market, all cypto has fallen after breaking the resistance
Hello, everyone! Today, I would like to share my trading methods with you. 80-90% of the trading work is having the right mindset. The rest comes down to algorithms, strategies, and market phases. What helps me stay on track? Mental hygiene . I don't look at other traders' charts until I conduct my analysis. That allows me to create specific neural...
Covering the Bitcoin situation
In parts one and two (linked) we covered the basics of reversal bar patterns including hooks, pipes, and keys. In this piece we focus on the buying and selling climax. In the final installment we will focus on upthrusts and springs. The patterns covered in this series represent an overt change in the balance of supply and demand. Importantly, very few patterns...
Once you’re a trader, you’ll always be one. Once you have the pure desire and urge to succeed, there is no turning back. And you need to go with your own time line and slowly but surely, you will make it. But there are a few signs you’ll need to consider. It’s all up to you. Let’s start with these inevitable signs. Sign #1: You Have a Passion to Trade...