Gold beginning to grow again after a lengthy accumulation phase. Expecting better than average volatility.
Smart Money Concept or rather 'SMC' is the new retail approach to the market with virtually everyone involved with this method yet people are still loosing money and blowing accounts, the question is why? Click on the video and find out.
#Educational Post For Learning Purpose. How To Draw Order Block. How to Take a Profitable Trade Thank You, Traders, for Your Support Like and Follow.
🟢The main rule of using Moving Average is to track the general direction of the moving average: it indicates the dominant trend in the market. It is worth making deals only in the direction of this movement. Such a simple rule makes the moving average method a convenient tool for short-term forecasting. 🟢A universal tool in almost all markets is a simple...
Triangles are a holding price pattern that separate 2 Impulsive moves. They are very reliable and you can profit hugely from them. They only appear in wave 4 or B in a Correction.
FROM the FOREX COURSE 101 - Weekly Lesson: Points to remember about the 2 Fibonaccis: The ORIGINAL Fibonacci: 1. We use the Original fibonacci to determine TREND DIRECTION! 2. We compare Trend Direction from the Higher TF to the Smaller TF. 3. To enter High Probability trades we should trade Fibonaccis that show alignments! 4. Never Forget: The Gigher TF controls...
Elliott Wave Theory , developed by Ralph Nelson Elliott, proposes that the seemingly chaotic behaviour of the different financial markets isn’t actually chaotic. In fact the markets moves in predictable, repetitive cycles or waves and can be measured and forecast using Fibonacci numbers. The very basics of Elliott Wave Theory ; The Elliott wave principle at its...
Hey traders, As you asked me, in this educational post we will discuss some price action basics. No matter whether you are a fundamental trader or a technical trader you should be able to execute trend analysis. You should always know where the market is going; if it is bullish or bearish. One of the simplest ways to execute trend analysis is to perceive a...
Hello all! Just posting this for education purposes, maybe for myself as well. Post comments about your disagreements or thoughts. Looks like a full impulse wave, happened on 3-11, I have not plugged this into the overall Elliott Wave trend so I can not point you in one way or the other. I was working on this for a friend and thought I would post here too.
Hello, Herein a simple way for you to understand your income statements. Assets are things that are valuable. Liabilities & Equity are obligations to both lenders & owners. The income statement has two parts being how funds can be created & how they can be used. Good luck.
How Is The Market Shifting Trading Liquidity? The first phase: With the start of the war between Russia and Ukraine, we saw that the market shifted liquidity mainly to safe currencies, USD, CHF, JPY and Gold, OIL (metals in general). This is a normal scenario that usually happens. The shift of stock liquidity: In a war event like the one we are already...
Little educational post for you guys! If my analysis is correct & the current uptrend is Wave 5, an effective way to estimate how far this last bullish cycle will go is to go back & look at Wave 1, when Gold first started its uptrend in 2006. Wave 1 & Wave 5 tend to be very similar in how many PIPS they move, with a few hundreds PIPS difference which is very...
The zurich airport is tough, but in the coming months this toughness will be tested once again! SIX:FHZN Our last analysis on this share was published on January 12, in which we warned about a potential sell-off. In this analysis we highlighted the importance of the wedge formation to our subscribers. In the last days the stock fell by more than -20% and we...
Three black crows is a phrase used to describe a bearish candlestick pattern that may predict the reversal of an uptrend. Candlestick charts show the day's opening, high, low, and closing prices for a particular security. For stocks moving higher, the candlestick is white or green. 🎯 The three black crows candlestick pattern is considered a relatively reliable...
A corrective pattern like the descending triangle usually begin to form when the price is pausing from the predominant trend movement. This happens too often when any big news is expected to be published in the near future. Like today that we have NFP 1. Price makes the first Impulsive move 2. The next stage is the corrective movement. Here we can see market...
Why are order blocks formed? Order blocks are created when a breakout move doesn't go to plan. If banks get caught in a fake breakout move, they aren't going to sit and cry about it. They are going to push the price back up/down so that they can close out of their negative positions to join the correct side of the market. Stop using order blocks that have no...
✅Japanese candlesticks are the most popular way to read the price movement on charts. They are visual, easy to learn and the main thing is that they work. ✅The first mention of candle patterns can be found in the Japanese rice trader Homma Munehisa in the 1700s. Almost 300 years later, candles were rediscovered by Steve Neeson in his book titled "Japanese...