Hey traders, In this educational post, I want to discuss with you one of the most accurate REVERSAL candlestick patterns - the engulfing candle. On EURUSD chart, I spotted for you bullish & bearish examples of this pattern. The logic behind this pattern is quite simple: ⭐️In a bullish trend, after a strong directional movement, the price reaches some...
Have you ever wanted to show your appreciation for an idea but felt that hitting the like button was just not enough? TradingView coins are a great way to show other users that you appreciate them! What are TradingView coins? TradingView coins are the site's internal currency. 1 coin is equal to $0.01 USD How can you get them? Refer a friend : When you...
When it comes to trading the financial markets (any market), back-testing your strategies is an absolute must. Although past performance does not guarantee future results, back-testing your strategy cannot be skipped or rushed if you wish to be a consistently profitable trader. Back-testing can be done many different ways today. There are many good software’s &...
Hello, everyone! Let's continue to study Trading Chaos by Bill Williams(BW). He divided 5 levels of proficiency from the beginner to the trader-expert. Candlesticks is the beginning of the beginner level but this knowledge is necessary for the successful trading. Figure 1 You can see here the bar structure, the open, low, close and high of the bar. This is...
Hi guys Today I decided to start teaching digital currency And I will teach you the most important indicators and patterns that I use in my analysis. And in the first lesson I want to explain the philosophy of technical analysis And other courses including: ♦️ Session 1 - Philosophy of Technical Analysis , ♦️ Session 2 - Trends , ♦️ Session 3 - Support and...
Hello, everyone! I have already covered the Beefy.Finance stacking and farming platform. I told that in my opinion this is the best platform for this purposes because automatic reinvestment and high APY on stacking. Today I am going to show you the new stacking opportunity which on the moment of writing this article is 43% APY. It was 90% APY when I used it,...
Here is a pro-hack that helped me identify and learn candlestick patterns. I used the Spy Daily chart here as an example, but it works for any period and ticker (The longer out the time frame, the better aggregated data can be extrapolated). It's cool to have this resource available when learning to spot them and in the course of training your eye. Using Trading...
Hello, everyone! Today we gonna start the series of articles about the "Trading Chaos" by Bill Williams(BW) . He has the unusual theory abut how the markets play out. After this concept learning I am going to trade with his techniques and test this trading method. Please, subscribe and give us a like if you are interested in studying Trading Chaos. If you are...
One of the most common misconceptions in trading is that your STOP LOSS is your ENEMY. But in fact, the opposite is true. Stop loss is your best friend There will always be losing trades because they are part of the trading system. You cannot avoid them, but you can CONTROL the losses. Stop Loss is a defense mechanism designed to get you out of the market...
Chart patterns are a part of the foundation of technical analysis and are one of the most popular methodologies used by traders to predict future price variations. Chart patterns are governed by precise identification guidelines and it is important to effectively recognize the presence of a specific pattern. Since this recognition process can be subjective, we...
Hello everyone! In this idea, I will try to warn you against the wrong approach to trading. As you know, 95% of retail traders hold their losing positions for too long in the market, but at the same time cut profits before the trade reaches its potential. That is, a trader, being in unprofitable positions, is ready to sit out huge drawdowns -50% ..- 70%...
hi my friends , i'll share with you some patterns which can help you in trading ( part 4 ) Falling Wedge appear in downtrend and it indicates that the sellers are losing momentum in the market, and the buyers are gaining momentum ( long ) you can go long after the break or the retest of the trendline . rising Wedge appear in uptrend and it indicates that the...
hi my friends , i'll share with you some patterns which can help you in trading and make it easy . we find double bottom in downtrend and this pattern mean that price will change to the opposite direction ( long ) and we can use the line as a confirmation . double top appear in uptrend as signal of price change ( short ) and we can use the line as a...
hi my friends , i'll share with you some patterns which can help you in trading ( part 2 ) 1 - symmetrical triangle appears in both an uptrend and downtrend trend . How we use it : You can enter after the break either down ( short ) or up ( long ) with good volume candle . 1- head and shoulders happens in an uptrend and is a reversal pattern , you can...
A trader who is in a bad mood should think about taking a break. The easiest way to determine when a BREAK from trading is needed is to first assess your current emotional state and performance. - Do you constantly close the trades couple of seconds/minutes after you opened them, chaning your mind? - Do you spend all day "burning" your eyes, watching charts...
Hi guys As I promised in the previous post about influencers, I also posted the second part for you, there are 6 other people on my list, and if the number of likes reaches 270, I will post it for you as well. ✨1.Loomdart(@loomdart) Loomdart is a cryptocurrency analyst and veteran trader who has been actively dishing out well-researched, pertinent trading and...
Today I go over my favorite trading strategy that I use every day in the market. I go in detail exactly how I trade this strategy with two examples. I hope you guys enjoyed this video and I hope you can use it to make you some money. I challenge you guys to back test it and try it on your own trades. Here are some rules/notes that I use while trading this...
The main difference between an Analyst and a Trader is in their main goals. For an analyst, the main goal is to determine the future price and write articles. Most analysts give a double trend direction in their forecasts, as they worry about their incorrect forecast, and hedge in case of their mistake. For a trader, the main goal is to MAKE a PROFIT when...