Your Ultimate Guide to RSI Divergence (Settings & Tips)
Hey traders,
Relative strength index is a classic technical indicator.
It is frequently applied to spot a market reversal.
RSI divergence is considered to be a quite reliable signal of a coming trend violation and change.
Though newbie traders think that the application of the divergence is quite...
History of Forex
We have come a long way from the previously practiced barter system to the modern-day system of trading currency. Following is a brief summary of the evolution of currency and how it gave rise to Forex Trading.
Here are the main stages that are illustrated on the chart:
1️⃣The Ancient system of Trading - Trading with Gold
As early as 6th...
Phase 1 : Stopping the previously dominant trend. The offer prevailed. Decrease in supply is indicated by preliminary support (PS) and sales climax (SC). These events are visible on the charts, where widening spreads and high volume reflect the transfer of a huge number of shares from one speculator to another. As soon as sellers weaken, an automatic rally...
The currency pair breaks through the strong level upwards and, after consolidation, makes an impulsive movement.
This confirms the change in the local trend.
At the moment, I expect the price to rise to the resistance of 1.188
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We know how important your Watchlist is.
Your Watchlist is where you organize all of your favorite symbols, follow them, and plan ahead. It's also where you track your investments and trade ideas.
Our new Advanced View tool makes it possible to share your Watchlists. We believe this is an important next step in Watchlist technology. You can now share your...
Summary: EU sovereign yields got a big boost yesterday from a higher than expected EU inflation print, but also on a couple of known hawks arguing for a reduction of stimulus. But the fact that EU yields have moved at all, especially relative to the moribund activity in US yields, has helped bring the euro some fundamental support. Still, some further wood to...
What is a Bullish Flag Pattern?
The bullish Flag pattern is usually found in assets with a strong uptrend. It is called a flag pattern because it resembles a flag and pole. Pole is the preceding uptrend where the flag represents the consolidation of the uptrend.
How does Bullish Flag Pattern?
The flag pattern resembles a parallelogram or rectangle marked by...
Hardly ever I look at the Ethereum (ETHUSD) chart since both Bitcoin and Ethereum tend to move together.
Whatever I see happening with Bitcoin normally is also true for Ethereum.
For example, notice the bullish wave from July 21 to August 23, exactly the same for BTCUSD and ETHUSD.
Things are different right now.
Ether (ETH) just moved ahead of Bitcoin and...
Here's your weekly update ! Brought to you each weekend with years of track-record history..
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Phil
As is its habit, the S&P 500 is in a channel.
It is always either in a channel, a bear market, or uncertainty (after a top or bottom)
Let's simply look at past examples
2013 - 2014:
2004 - 2008: You could say it stayed in this one 600 to 1000 days
2017:
1991 - 1995:
1995 - 2000: 700 to 1300 days in the channel depends where you start
1984 -...
In this idea I’ll be covering two valuation metrics the PEG ratio and the income yield here is the PEG ratio:
The PEG ratio (price earnings growth ratio): This is another very popular ratio and it is calculated by dividing the share price by the product of the eps and the annualised eps growth rate. There are many different types of PEG ratios, and the annual...
A short ⚠️disclaimer before we start:
the rules that will be discussed in this post are applicable only for technicians - traders that are relying on price action/structure/etc.
Also, we assume that structure levels do work and for us, key levels are considered to be the safest trading zones/points.
In order to increase the accuracy of your predictions...
Just A Quick Video On How To:
1. Combine a bunch of stocks on a single chart so you can identify which ones are performing best over different periods.
2. Share this list of charts with friends, family, and followers.
I just like creating and saving the overall chart to give people a better visual idea of what you are sharing with them, but you can share your...
Hey traders,
If you are learning price action trading, you definitely must know a double bottom pattern.
Double bottom is a reversal pattern.
It is applied to spot early market reversal clues and catch the initiation of a new bullish trend.
Preconditions for a double bottom:
1️⃣ The market must trade in a bearish trend.
2️⃣ After a formation of the last...
DIS has been consolidating for most of 2021 between $188 and $168 in a $20 range
Over the last 5 months the range has started to tighten up with a few breaks of $180 but this soft level still acting as resistance
We are seeing the buyers step up as they continue to form higher pivot lows ($168 to $170 to $171 to $172 to $176)
Each time this happens buys and...
Volume is a useful tool for studying trends, and as you can see, it can be used in a variety of ways. Basic principles can be used to determine market strength or weakness, as well as to determine whether the volume is confirming a price increase or decrease. Volume-based indicators are occasionally used to aid in decision-making. In conclusion, while volume is...
Spot Trading is the most basic form of trading method and is the most suitable for beginners in trading. It's simply a BUY > HOLD > SELL mechanism.
On the Other Hand
Margin Trading is complicated and should only be done by experienced traders. There are various components to margin trading such as Maintenance margin, margin calls, leverage, and liquidation....
Our protective stops are vital to managing our risk, and just a single position you open without a stop can lead to the suicide of your trading account.
The uniqueness of stop orders lies in the fact that they, being pending orders, await their execution at a predetermined price. When stop orders are triggered, their important function is that they add momentum to...
