Good time of the day, family! A lot of you were asking for Part II for our popular chart indicators summary and here it is. Hope you y’all find it useful! Last week, we’ve covered Bollinger Bands, Keltner Channels and MACD (link under the post) and what they’re commonly used for. This week we have:
We've been looking at technical indicators that mostly focus on...
Hello traders,
Everyone of us have went through one or many of these traits listed here. Some of us are still struggling with this. Honestly, trading psychology is less taught in the trading world and this has become one of the contributing factors that causes traders to lose money and give up trading.
These traits, if they are not controlled they can burn...
Hello everyone, today, we´re gonna talk about an RSI and how to use it.
What is an RSI?
Basically, it´s an indicator that shows if the asset is overpriced or underpriced.
Basic information
RSI is 0-100
if the price is at 0-30, the asset is underpriced and theoretically it should go up.
if the price is at 70-100, the asset is overpriced and theoretically it...
The bullish engulfing pattern is a two-candle reversal pattern. The second candle completely ‘engulfs’ the real body of the first one, without regard to the length of the tail shadows.
This pattern appears in a downtrend and is a combination of one red candle followed by a larger green candle. On the second day of the pattern, the price opens lower than the...
Hello dear traders i hope you were not affected by recent drop.
About a week ago i advised everyone not to trade this market neither short nor long becuse it's too risky for both sides. So what have should we do? I told you stay aside and wait for global trendline breakout.( i tagg that post below).
What to do now? Now we should stay aside as we did. It's so...
Hi traders!
Introduction -
I was reading a few articles around risk management, the psychology off a successful trader & common mistakes traders who fail make.
I stumbled across a concept which I thought resonated with me and made me really think about my psychology towards risk management and I thought I would share it with you. I hope this is just as...
Hey, traders! In this series, we’re going to cover some common chart indicators available for general market. To keep it simple and easy to read, there will be several parts to this educational post. We’re really hope you enjoy it, so let’s get started!
Bollinger Bands are a technical indicator created by John Bollinger that is used to determine market volatility...
Today i would like to share some basic Elliot Wave analysis along with an example. The Elliott Wave Theory was developed by Ralph Nelson Elliott in the 1920s. Elliott found that financial markets have characteristic movements that repeat in perpetuity. He called these movements *waves," due to the troughs and peaks that present themselves in a cyclical up-and-down...
Hello Traders. Welcome to this Post about How to properly Trade Chart Patterns. In this post first post we will talk about how to find it. Make sure to follow for more content
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How to Draw it ?
You just need to start with current price on the chart . Then look left and down until you find the origin of a very strong drop in price or rally in the price....
One of the biggest things you should understand as a trader is prices don’t just go up and down (well, maybe on a really small timeframe they’re more chaotic). They’re usually backed by some actions, data and things happening in other markets. This all creates general economic tendencies. But how do we know what affects dollar/currency pair and how? Well, here is...
This kind of price action happens all the time, you just have to spot it while it's happening so that you can plan your trade and execute. I have put this together to give you an idea of the type of things I look for in the hope that it can help you too.
Once price action has made a clear impulse to the upsides and taking out previous structure that's our first...
Stop Loss Hunting, a manipulative tool, that is used by Market Makers and Whales to manipulate market every day and to take away money from Retailers.
This is a basic yet advance topic to discuss. For simplicity sake, Let's break down this discussion in five parts :-
1) What is Stop Loss Hunting ?
2) How does it work ?
3) Why does it work ?
4) Why they do it...
Oscillators
Oscillators are any bits of information or data moving back and forth between two points. It is usually used as a signal for a buy or a sell on either side of the range it is moving in. The Relative Strength index which you might hear of is an example of an oscillator, however I will not be going into detail about it as we do not personally do not use...
Today we are going through the brief technical explanation about the round numbers and stop loss hunting
round numbers:
the round number end in a zero, and have a tendency to attract orders and most of the time attracts many traders and they choose these points for entering and closing the position
Point:
For open position on round number the proper...
The issue with breakeven trading is that when enough people are joining the market at the same place, be it a demand area or an order block.
Many traders like to secure their positions immediately.
This, however, creates liquidity.
Whenever a large group of people move stop losses to the same area, expect that area to be a target for the banks.
In this...
This has been an ongoing battle between generations of traders and we’re here to provide some insight and let you choose between what type of a trader you would like to be.
When it comes to trading, there appears to be a lot of misunderstanding on both sides about the Quality versus Quantity Debate. Because this is such a crucial topic for a trader, we've been...
