When it comes to trading, there are a few key things you need to keep in mind in order to be successful. In this blog post, we'll cover four important trade tips that focus on price action. By keeping these tips in mind, you'll be better equipped to make profitable trade decisions going forward. №1: Identifying the current market structure The first step to...
Hello TradingView traders, It is broadly acknowledged within the world of trading that a trader will either go long or short on an asset....
⭕️False-breakouts are exactly what they sound like: a breakout that failed to continue beyond a level, resulting in a ‘false’ breakout of that level. False breakout patterns are one of the most important price action trading patterns to learn, because a false-break is often a very strong clue that price might be changing direction or that a trend might be...
Algorithmic trading has transformed the financial markets in recent years, enabling traders to make better-informed investment decisions and execute trades more quickly and accurately than ever before. As technology continues to evolve, new algorithmic trading strategies and techniques are emerging that promise to revolutionize the way that financial instruments...
No matter what the outlook may be, if the price exceeds the 50 Fibonacci Fan level, there is a greater than 50% chance of a sharp correction and a possible reversal of the current bearish trend to a more bullish cycle. Optimism is not going to change this fact. I use it to measure the corrections. The Fibonacci Fan is a technical analysis tool used by traders to...
Technical analysis is a popular method used by traders and investors to value securities and make informed decisions based on historical price and volume data. The approach involves using charts, graphs and other technical tools to analyze price movement and identify potential trends and patterns. While there are different schools of thought on the effectiveness...
PROFESSIONAL FOREX TRADER COURSE 101 - Lesson -2 How to understand Highs and Lows that CONFIRM the TREND! **FOREX COURSE 101 is for BEGINNER TRADERS!***
The 10-year Treasury bond yield is a critical indicator for the gold market. It is because this yield reflects the expected future interest rates and inflation rates in the economy. As a result, investors look to the 10-year yield to predict changes in the demand for gold. When the yield on the 10-year Treasury bond is low, it signals that the market expects low...
The Exponential Moving Average (EMA) is a popular technical indicator used by traders to identify trends and make informed trading decisions. In this TradingView idea, we will discuss how to use the EMA in your technical analysis. Step 1: Understanding the EMA The EMA is a type of moving average that gives greater weight to more recent prices, making it more...
Trading is like YOGA 🧘♂️ Trading and yoga may seem like two completely different things, but there are some similarities between the two. Here are a few ways in which trading is like yoga: 1- Both require Focus and Concentration: Just as yoga requires you to focus your mind and be present in the moment, trading requires you to pay attention to market...
Algorithmic Trading: Automating Financial Markets for Greater Efficiency and Profitability Explanation Algorithmic trading, also known as robo trading, is a process of using computer programs to execute trades automatically based on pre-defined rules or algorithms. It has revolutionized the way financial markets operate, making them more efficient, faster, and...
Economic indicators and announcements are an essential part of fundamental analysis. Even if you’re not planning on finding trades using fundamentals, it’s a good idea to pay attention to how the overall economy is performing. Here’s a cheat sheet covering six key indicators and announcements to watch out for. 1. Non-farm payrolls (NFP) The non-farm payrolls...
The US Dollar Index, commonly referred to as DXY, is a widely recognized and commonly used benchmark for measuring the performance of the US dollar against a basket of six other major currencies, namely the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. DXY is widely regarded as an essential tool for traders and investors...
Look for multiple touches that acts as a support AND resistance. Then create a plan. Think: If this, then that. If orange trend breaks, then we move to blue trend. If orange trend holds, then we see red trend retest.
FOREX COURSE 101 - Lesson -1 How to understand Techncial Market Structure in the FX Market ***This 101 Course is for Beginner Traders so please be respectful and give a chance to everbody to learn!***
These different price action patterns are great for various situations. They can be identified at a Lower time frame or Higher timeframe, pick a chart and start looking at the candles! If you identify any of these in a chart you are looking at today, feel free to share them below. Here is a little more about bullish and bearish candlesticks: Bullish and...
👉Education Stream: Understanding risk and reducing risk, planning a trade and implementing profit targets, reducing capital risk to 0. 👉Scheduled Streams: Monday - Friday 9:15 am EST (15 minutes before NYSE Open) and we go for about 45 min to a 1hr+
Bitcoin halving is a significant event on the Bitcoin network every four years. During this event, the block reward that miners receive for verifying transactions and adding new blocks to the blockchain is reduced by 50%. This means that the rate of new Bitcoin creation slows down, and the total supply of Bitcoin approaches its maximum limit of 21...