Hi traders! It's been so long I haven't posted an educational post on Trading View... so I thought of posting a simple educational material that could be explained easily. The symmetrical triangle is one of the most commonly used patterns in trading and could be hugely profitable if used correctly. So what is a "symmetrical triangle"? The symmetrical triangle...
Part 2 Fundamental noise filtering I place far more weight on fundamental analysis then technical. At first I thought it was useless as half the news or analysts would say one thing and the other half would say the opposite. the trick is to only look at sources that can reliably and logically be shown to have a impact on the market. Who has an impact on the...
CAD/JPY Bearish position rewarded our team heavily Technical confluence is key The reasons that we took this trade - Previous Structure -Price came in to 0.618 Fibonacci retracement levels -A bearish bat formation completed at the same area - An ABCD Pattern completed at the same area After the price hit this level, it immediately became Bearish and our...
EDUCATIONAL MATERIAL TECHNICAL ANALYSIS OF CHARTS LESSON 1 - Moving Averages Moving average Moving averages are certainly one of the most frequently used technical analysis tools. This is due to their relatively easy calculation (which was important when computers were not as advanced as today), as well as the ability to "smooth out" the chart, which is important...
I am not saying changing the colour of the candles will definitely make you a better trader. Look, if the time we spent on the chart is x hours per day , multiply by weeks , months and years, that is a lot of X hours combined. Red to some people has a strong, stimulating effect as if it lures you to do something. Think of most fast food restaurants - what colors...
As we have been seen in the market the dollar is losing value. Since XAUUSD is consider a contrary economy to the dollar we saw a big rally up, which correlate directly with USDJPY, which yen also is consider a contrary economy
My preferred trade set-up. This works in all markets & all time levels. I use daily tf for charting & most of the time use hourly for set-ups. See the notes on attached chart and get some screentime in. No substitute!
I use the US Dollar chart to show some of the more commonly used indicators like Cup & Handle pattern, Head & Shoulder pattern, Support & Resistance, etc. The more you practice, the better you become.
I don't know about you, but this has happened to me one time or another before I learnt a few things about trading. 1. This is a probability and NOT a certainty game. Whatever indicators used, are at best a guide and cannot be the holy grail (else wouldn't the creator be multi-millionaires by now?) 2. Patterns - While some said there is a preceding patterns to...
Bitcoin BTC has been offering up some sweet returns for a pullback trader like myself. :) My current trade is off the recent low. Now, at a critical point, I wait to see which way the market wants to move. 95% of my trading is waiting, waiting, waiting, waiting, ohhh.... never mind, waiting, waiting, finally in my entry zone. Gotcha. It's, sort of...
See notes on chart. This is a very low risk type of setup that I like very much. My sell points are either when I think a resistance level is being tested OR if a strong trend develops (hopefully!) I draw a trend line. If the trend breaks down, I know that is a good exit point until my next entry.
price has been in bearish run making lower highs, and lower lows in form of pullbacks. seeing price now making a retracement can give us an opportunity to short this market once identifying a trend continuation off our fibonnacci levels and take profit at the lows where buying demand is identified, leaving stop loss right above previous structure high and manage...
See the fibs and curved trends that received a ban message when posted. It is often the case that curved trends show up in the price. They may be used alongside regular trends or waves. Why ask others for predictions? The prices tell us where they are going, and if they deviate significantly from the pattern they have established, consider it a breakout. As...
To clarify an earlier post, I thought I would explain the signs that told me to sell my coins just before the beginning of the recent fall, in the hopes that it might help someone at some point in the future if they see something similar. It also helps me to write my thoughts down. A dramatic price rise can be seen on the chart as the popularity of...
1) Create a closed system (bubble), where everyone pours in money, but few of them derive from the inflated investment attractiveness. - the price is rising. 2) You sell some virtual wrappers for candy for real money (on the exchanges themselves created).
Trading Bitcoin in the new Realities of 'Mainstream' When Reality Bites - How to Deal with it Dispassionately - or Miss up to 50% of all opportunities...trading for Adults in a grown-up world For those who like pattern spotting there have been three or four very good sell points off the Coinbase chart. Maybe 80% of the few people who read this will have Bull hats...
In my previous chart of EURUSD, you will find lots of details explaining why I am anticipating a new bearish cycle in which the wave 4 (in circle) was about completed and wave 5 (in circle) was about to commence. There are lots of additional charts in comment section to help validate longer term view. This chart is linked below for your reference. We did not...
Didn't actively trade this but shows clearly how nice the Renko style is in identifying trend changes. Amazing scalps are possible with scripts and bots.