The 1.61 head fake strategy is intended to give early signals of where a high/low might be and be an early tell on the potential turn of the trend. This strategy can be used for both pullbacks and reversals. When traded as a correction, this strategy usually is successful in the forecasting and trading of the end of Elliot wave 5 heading into the ABC....
The 76 correction strategy aims to pick up optimal continuation trades into large retracements. It's a trend following strategy that aims to enter into strong counter trend moves to a 76% retracement of the previous trend leg. This strategy usually performs best when combined with Elliot wave. Waiting for there to be a full impulsive leg in 5 waves followed by a...
How to Use Fibonacci Retracements for Crypto Fibonacci retracements have long been used in traditional financial markets. However, with the advent of crypto trading, they’ve also found popularity amongst digital asset traders. In this article, we answer the question “What is Fibonacci in crypto?”, discuss how to trade retracements and offer some strategies you...
🚀 Unlocking Your Trading Potential with Bar Replay on TradingView In the whirlwind of trading, having ace tools up your sleeve can dramatically shape your strategy and success. The spotlight shines bright on TradingView’s Bar Replay feature, a gem that offers a rewind on market movements, setting the stage for strategic mastery. Let's dive into what...
Hey Rich Friends, Happy Monday! It's a new week which means many new opportunities to get into the market...but it doesn't mean that you have to take all of them. Make sure you focus on finding the best setups by sticking to your plan and following your confirmation checklist. The best out of 25 will give you a good idea of your win/loss ratio. If you are...
Hey Rich Friends, This quick video will explain how I easily find my TP and SL for my Forex Trades. I've noticed how many new traders struggle with this, so hopefully this video will help. Here is what I do: 1 . Identify the overall trend of the market. It is important to understand that a Selling market will look like a roller coaster going up, have more...
We take on a discipline to do something we don't naturally do or want to do. We set some rules that will be uncomfortable and ride out the restless energy. Keep in mind that a good practice destroys itself, the whole point of a discipline is to get to the point where we don't need the discipline anymore. That is called transformation and it takes time. By being...
In the pursuit of trading mastery, the path is often littered with setbacks and failures. However, it's essential to recognize that these hurdles are not just obstacles but invaluable learning opportunities. Learning how to fail – and more importantly, learning from failure – is a critical step towards enhancing your trading success. This article explores the...
Indicator MFI — model Incorporating technical indicators into your trading system requires a clear understanding of their fundamental principles. An innovative solution developed by Gene Cuong and Avrum Sudak allows the use of volumetric data in metric analysis. The Cash Flow Index serves as a graphical representation of the "cash ratio", requiring a...
The Bollinger Band is a versatile technical indicator. It identifies trend direction, momentum, volatility, and overbought or oversold price conditions. This indicator provides all this information using three lines. The middle line of the classic Bollinger Bands is based on a 20-period Simple Moving Average (SMA). Two lines are then drawn above and below the...
Worldwide, 90days, search trend in Google for bitcoin (red arrows). Orange arrows represent " bitcoin use case ", ie the educated investor? It shows you the mainstream peak euphoria, enthusiasm or fear , usually at market extremes? Highest search volume coincides with trade volume. Other indicator for "hype" would be bitcoin hashtag in twitter/X....
If you are a winning trader this is not for you . This is for the losers who want to be winners written by a former loser , who has become a winner as what is probably his last post . I am just starting my trading journey ( 5 years in now but that's nothing) . I used to publish all my trades on TV which actually really helped me to follow my strategies and it...
An easy way and using a single chart to compare multiple coins to Bitcoin is by using the "+" button next to the Symbol input. It quickly shows us which coins outperformed BTC in the past weeks/days and is a good indicator of how good altcoins are performing. I added the top market cap coins that showed good results and the winners are SOL, AVAX and BNB. To my...
Keep an eye on the red trend line. See how divergence was detected. 1. Through HH 2. The next column bars smaller than the previous LEARN TO DETECT IT IN ADVANCE
I published 3 indicators for trading using Bill Williams' Profitunity strategy. For each indicator, I have added a visual and detailed description in English and Russian. In this post I will briefly describe these indicators and how I use them together. AFDSA indicator (Alligator + Fractals + Divergent & Squat Bars + Signal Alerts) Includes Williams...
Same formula settings as Buy and Sell. Added a 4th plot MA for a longer time frame. This will help exit the trade much earlier for greater profits otherwise without this 4th plot wave, traders may be at risk of losing out for greater profits. 4hr TF Buy, Sell, with wave settings, are the same settings with 30min TF. FOR 30MIN TIMEFRAME (Green Wave) Make sure...
30Min TF formula. Buy, Sell, and wave settings work with 30min TF for best results. 1. Wait for Buy 2. After the Buy label, the green Wave Confirms Entry BUY Above the orange and yellow waves. 3. Follow the green wave with candlesticks 4. Wait for the green wave to move underneath the orange and yellow waves to confirm by exiting the trade. You may get a Sell...
30Min TF formula. Buy, Sell, and wave settings work with 30min TF for best results. 1. Wait for Buy 2. After the Buy label, the green Wave Confirms Entry BUY Above the orange and yellow waves. 3. Follow the green wave with candlesticks 4. Wait for the green wave to move underneath the orange and yellow waves to confirm by exiting the trade. You may get a Sell...