This Video highlights identifying Levels of Support and Resistance by looking solely at candlesticks without indicators.
Markets have been a bit volatile over the past few weeks, and the future is uncertain. For many investors, these moves can be troubling because it’s been many years since we’ve had a substantial decline–whether we do or do not from the current point (and, for the record, I think it’s much more like the market surprises us with new highs sooner than anyone would...
This Video highlights educating others on identifying levels of Support and Resistance with Candlesticks.
Smart Money Concepts since its inception with ICT have polarized the trading community mostly in a positive way, and I think said concepts are more handy for traders who have experienced many cycles in the market and are looking to refine their edge with the advancing technology and the transaction basis of today's exchanges based on a liquidity perspective. ICT...
Hi EW Fans, made you a CheatSheet how to define the end of a correction based on time. If you are sure about the start of a wave/impulse you can very easy define a possible time "vector" for the end of the correction. Start of the impulse = Zero Top of the impulse = 0.382 End of the correction at the common Fib numbers: 0.681/0.65; 0.89; 1; 1.272; 1.618 and so...
What are the mistakes that traders make? 1. Keeping capital in a place other than a wallet is prohibited! Never store your capital in a place other than your wallet. Sometimes some people keep their capital in an exchange wallet for a long or short period of time. This is very wrong. If your desired exchange where your capital is stored falls into the hands of...
Hi EW Fans, added some interesting and helpful Fibonacci Numbers in Terms of Elliott Wave from an old Sheet i have found in the Web. You need to switch your Chart and your Fibonacci Tool to Log-Scale. Greetings
- Hi all my subscribers, I want to mention of a situation that my trading system doesn't work effectively. 1. Observation: From 03 October 2022 to 07 October 2022, price makes strong upward movement, nearly 14% . At the same day, price transferred to moving sideway and broke down key level 0.4921. Beside, RSI moved under 50, MACD line cut and moved under...
In the frustrating attempts to determine which rallies may represent the end to an overall market decline, one has to recognize, particularly in the throes of a bear market cycle, that “All Advances are Not Equal” even as all stocks may rally together with the market. Within any market trend, there will be rally phases. However, rallies may not carry all stocks...
For the past 2 years I'd say I endowed myself in the study of a few technical approaches, and I have to say the most flawed is using smart money concept annotations to build a trade bias, as each annotation from a BOS, to order block can be subjective on every time frame. I feel the overlying goal for any trader is to first align themself with the trend. As you...
Discipline is the hardest trait to become good at in trading. We need it in analyzing charts and news updates as well as being aware of risk management and psychology. It's difficult to keep track of all those all at once. It can overwhelm us to become impatient and not aware of our mental and emotional states. Which results in poor performance. I was in that...
Trading & investing is not easy. If it were, everyone would be rich. One of the most difficult moments for all traders, and especially investors, is when markets are abnormally bearish, trending downward or in a direction that goes against their positions. Adding to that difficulty is when volatility is rising and when uncertainty is high. These events have...
This is a knowledge oriented video and I hope someone gains a bit of something from it.
This is a knowledge oriented video and I hope someone gains a bit of something from it.
This is a knowledge oriented video and I hope someone gains a bit of something from it.
This is a knowledge oriented video and I hope someone gains a bit of something from it.
Ichimoku Kinkō Hyō Wave Theory Introduction and Indicator Basics Cheat Sheet. Note that there are 5 Waves in the Ichimoku Kinkō Hyō System. 1: I Wave 2: V Wave 3: N Wave 4: P Wave 5: Y Wave I Wave = 1 directional movement in price up or down over a period of time. V Wave = 2 directional movements in price over a period of time so 1 direction movement up over a...
Dear traders: It is the result of my efforts to offer a simple presentation. Elliott Wave pattern: Impulse Rule s: Wave 1: Wave 1 must be an Impulse or a Leading Diagonal. Wave 2: Wave 2 may be any corrective pattern except a Triangle. Wave 2 must retrace Wave 1 by a minimum of 20%. The maximum time for Wave 2 is nine times Wave 1. Wave 3...