“The alt season is very close,” just around the corner. This is supported by the Dominance chart for Bitcoin and the Index chart for the dollar... The slowdown that is occurring is nothing but a disruption of the ranks of the weak and those who do not understand the field of currencies... At this moment wealth is created... history repeats itslf
Hello, Investing and trading can easily scare participants in most cases. However, the different tools that Tradingview offers can make the work easier for you the investor. In this case I will be using a candlestick chart, a closer look at the price action, The date & price range tool, The vertical line tool and a combination of the financial data provided on...
Continuing from the previous article; 25. Observe the magnitude of market changes: When the market falls (rises) with the same small amount every day, it may be a signal of a rebound (fall). 26. The dense area is likely to form a support belt or pressure belt: The dense area can be regarded as an obstacle to slow down the market price fluctuations. Once the...
Timeframes: It takes the user-defined high and low timeframes. Lower Lows (LL) and Lower Highs (LH) Pattern (15 minutes): Calculates the lowest and highest prices in the high timeframe and identifies a pattern. Order Block (OB) Identification: Defines the order block in the low timeframe. Valid Order Block (Cross from opposite side): Determines if an order block...
I started to assemble own ibrary of ElliottWave patterns and rules. Here simple zigzags occured in: wave W and wave Y of WXY double zigzag Zigzag 1 - wave W Wave A - leading diagonal Wave B - double zigzag Wave C - ending expanding diagonal ending at the top line of the parrallel channel Zigzag 2 - wave Y Wave A - impulse Wave B - double zigzag Wave C -...
In this video, I draw random lines on the chart to prove a point. I think we need to ask ourselves the following questions to become better traders: How will I define support and resistance consistently ? How will I use support and resistance in my trading? Do I need support and resistance in my trading? Is support and resistance a reliable measure for...
The triangle pattern is a popular chart pattern that is often used by technical analysts to identify potential breakout opportunities. However, traders should be aware that the triangle pattern can also be a trap for unsuspecting beginners. Why the Triangle Pattern is a Trap One of the reasons why the triangle pattern can be a trap is that it is a very...
In this video I go through how to effectively do a top-down analysis, and avoid common mistakes. This can apply to any type of trading methodology, but here the focus will be on ICT’s liquidity and inefficiency concepts. This topic is important to traders who are keen on improving their win-rate and catching those higher RR trades. Whilst those things don’t...
In the world of crypto, altcoins like UNI offer amazing opportunities and lessons in market dynamics. For novice investors, understanding these dynamics can be a stepping stone to successful investing. Let’s look into the case of UNI and what its recent market movements can teach us. Understanding UNI and Its Market Significance UNI is the native token of...
Trading a Symmetrical Triangle with Traffic Light System: Identifying, Trading Fakeouts, and Ensuring a consistent profitable Positive Expectancy Identify the Symmetrical Triangle: Locate the symmetrical triangle pattern on the chart, formed by converging trendlines with symmetry. Implemention of TLS: Green Light (Action): Observe...
This is what I'm going to be looking in the market for the next long term journey, this is a special setup based on patience, strategy and price action, high probabilities and high R:R, works better in high timeframes, we have just wait for the firt confirmation which is: 1. Shift of structure, after watching that we have to look for: 2. A good...
Hello, Embarking on the journey of creating a portfolio of stocks can be both exciting and challenging. One strategy that many investors consider is using a well-established index as a basis for their portfolio. In this article, we will explore the steps involved in building a portfolio with the CAC 40 Index, a benchmark index representing the 40 largest stocks...
Strategy- Indicatators used: - TV Double Top (DT) - TV Double Bottom (DB) - TV Average True Range (ATR) - TV Volume Weighted Average Price (VWAP) Conditions: 5 minute time frame Wait for DT or DB pattern to form VWAP must be at 1 of 3 locations. At the support or resistance pattern itself, through or above the neckline for DB, through or below the neckline for DT...
Backtesting results for EURAUD DT/ DB + VWAP Strategy (Found at ) Dec Trade 1 (Asian Session) Loss -0.5% Total - 0.5% Dec Trade 2 (London Session) Loss -0.5% Total -1% Dec Trade 3 (Late London Session) Gain 0.89% Total -0.11% Dec Trade 4 Loss -0.5% Total -0.61% Dec Trade 5 Loss -0.5% Total -1.11 Dec Trade 6 Gain 0.73 Total -0.38% Dec Trade 7 Loss...
🔍 Understanding Fake Breakouts: 🔸Spotting the Fake Breakout: In the chart, as highlighted, a green candle indicates a reversal above a certain level, signifying a fake breakout. This is where the market seems to break a support or resistance level but quickly reverses direction, invalidating the breakout. 🔸Qualities of the Confirming Candle: The candle that...
Yesterday I wrote about a beautiful chart pattern that was forming on the Bitcoin daily time frame that ended up failing not long after I wrote the post. That kind of thing will shake a trader to their core, especially if they thought it was going to play out, but ended up losing their shirt. This is why it is important to set stop losses, so that if the trade...
Chart Session.. 🙌 Tune in to see what i will be trading for this Week! Let's see what opportunities are showing 🙌 8 years of experience🏌🏽📉 ❤️Please support by liking/hitting the rocket button, thank you!❤️ #forex #forexanalysis #forexoutlook
Chart Session.. 🙌 Tune in to see what i will be trading for this Week! Let's see what opportunities are showing 🙌 8 years of experience🏌🏽📉 ❤️Please support by liking/hitting the rocket button, thank you!❤️ #forex #forexanalysis #forexoutlook