Ichimoku makes identifying trends very easy, but it can be difficult to know when to enter a trend. This factor is often overlooked by newer traders, and it makes a significant difference to risk-adjusted returns. One of my favourite ways to identify when to enter a trend is to use the concept of relative strength or weakness. Put simply, relative strength or...
Hey Traders, a quick little video coming your way! It is my 8 year anniversary with my wife, so I am rushing out of the door and cannot leave a detailed summary in text too. The video goes over price action, key levels and some trades taken today on the DAX Have a fab day and any questions are welcome!
#TommyLecture #PrincipleofTrading #TheoryofTrading #Emotion #Management Hello traders from all over the world. This is Tommy. How were your trades lately? The market was quite unpredictable recently showing high level of fluctuation which makes it harder for us retail traders to follow up. It sort of seems like a sideway trend in a big horizontal box but also...
FOMO. Fear of Missing Out. We have all heard this phrase. It could pertain to that VERY LAST concert of your favorite band in the middle of the week and coming late to work the next day. Scrolling through Instagram and making a split-second purchase that never works out. We get the idea. I can feel FOMO’s omnipresence in the trading world right now. We have...
Hey Traders! Happy Sunday! In this video, which ends a little earlier as I didn't know videos have a limit, we go over a few key points, starting from the PIK trading strategy which you guys will hear about much more over the next few days, mindset, motivation and guidance is covered too! When it comes to the PIK trading strategy, we go over the indicators that...
What is the Wyckoff Method? The Wyckoff Method was developed by Richard Wyckoff in the early 1930s. It consists of a series of principles and strategies initially designed for traders and investors. Wyckoff dedicated a significant part of his life teaching, and his work impacts much of modern technical analysis (TA). While the Wyckoff Method was originally focused...
There are two main reasons to use logarithmic scales in charts and graphs. The first is to respond to skewness towards large values, cases in which one or a few points are much larger than the bulk of the data. The second is to show percent change or multiplicative factors.
Hey traders, One month ago I wrote an article about the importance of a trading plan. Now it is time to discuss what should be inside your trading plan. Before we start let me note that a trading plan is a very personal thing and depending on your personality you may have some other elements. In this article, we discuss key elements that must be in every...
Inside bar strategy is one of my personal favourites, in this section I will detail how and why I trade Inside bars to deliver more profits during a trading week. Now In my personal opinion any non profitable trader should be chomping at the bit to learn this strategy as it has the potential to really aid your trading journey. So lets breakdown what finding an...
January 14/2020; CME Group (CME) launches option trading on its Bitcoin futures contracts. The next day, Bitcoin soars about 9% in excitement. The debut of contracts on the Chicago-based exchange was a success, with volumes exceeding those of rival Bakkt on the first day of trading. February 05/2020; Bitcoin does not excite Warren Buffet. He dubbed it "rat...
Introducing and explaining the reasons and features of the new Viper Indicator. It's designed for the beginner and advanced trader to help quickly identify Trend trades. So that you can quickly and easily take advantage of trending market movements.
For LTCUSD you count pips as the actual dollars and cents as you see the price for example 105.61 1 is the penny/ones. 6 will be the dime/tens. 5 will be dollars/hundreds. And when you do the ruler 0.00 V ( hundreds.tens and ones)
Prop-firms tell us to come trade for them so that they can take trades off our ideas. In reality they make their money on relying on the fact that 95% of traders are unprofitable and will fail either the challenge or verification stages of their trading. People fail because either they do not have a real edge on the market, they cannot control their emotions, or...
Trading V-Patterns by Constantino The recognition of patterns and its body of knowledge of how to react and what to expect helps a trader's success. Traders are always analysing 'Trends' and 'Reversals.' Their eternal question for traders is 'Can the trend continues?'. Knowing trends and trend reversals are critical for any trader’s success. Chart patterns...
Forex - the market for exchanging currencies of one country to another Let's analyze the main points in the Forex market on the example of the EURGBP currency pair Currency rates are proportions of currency units of different countries in relation to each other The aims which are pursued by every participant of the market. There are no buyers and sellers...
Hey Everyone! 👋 Today, we're going to be talking about building a professional trading mindset. While this topic has been the subject of countless books and trading literature over the years, we thought it would be cool to break down a few of the most important takeaways for the TradingView community. Let's jump in! 1.) Start thinking in Probabilities 🔢 Let's...
Its my first time using this tool... would this be the correct way to use it? I have drawn the yellow lines where i think the trend respected the levels of the fib-chanel. I drew the chanel from the 18 setptember 2017 to the december peak.... everything below it look interesting to me... anybody else?
So here are the simple trading rules for the buy setup: Draw a downward trendline If the price breaks the trendline, wait for the retest. If a retest happens, it is better to use a bullish reversal chart candlestick as a trigger to place your pending buy top order just 2-3 pips above that bullish candlestick. If the price decides to go up, your buy stop order...