Left Brain Versus Right Brain-Thinking vs Feeling Hello all. I put this educational content to help you realize how these two very important psychological concepts play part in almost every traders life. I wanted to bring to you this unusual educational content which I personally learned from a book called, “Trading from Your Gut” by Curtis Faith. This...
Elliott Wave Theory Interpretation The Elliott Wave Theory is interpreted as follows: Five waves move in the direction of the main trend, followed by three waves in a correction (totaling a 5-3 move). This 5-3 move then becomes two subdivisions of the next higher wave move. The underlying 5-3 pattern remains constant, though the time span of each wave may...
The ins and outs of trading psychology For something that I believe makes up the bulk of trading itself, I believe it is also the most overlooked. Trading psychology is what I am talking about, and it is definitely the most important aspect of trading that every trader needs to develop and master in order to become successful. In the most basic ways to put it,...
Pricing In Human behaviour, specifically greed and impatience are some of the main reasons the markets move the way they do. The term pricing in is the definition and illustration of human impatience. Due to the fear of missing out, impatience, and greed, humans natural instinct after hearing a rumour without any solid information to back it is the buy into it....
Psychology is perhaps the single most important aspect of trading. Without the proper psychology, you are almost guaranteed to fail. First things first, you have to understand that trading is just as much of a profession as any other, and just like top performing athletes, trading reflects your performance, you are responsible for your results. In life your...
It's critical for forex traders to pay attention to big economic data releases, government statements, and geopolitical events. Why? Because this information generally represents a country's economic strength and can predict a currency's future direction. Trading the news might be tough and not fit for everyone, but the resulting volatility can provide a plethora...
Hello Everyone A follow up on yesterday's tutorial, this post is a free educational lesson on how to set up a trend based Fibonacci retracement + trend based Fibonacci extension for analysis in lower/immediate timeframes. To fully comprehend this analysis, make sure that you watch yesterday's analysis first, this sets the basis and explains a few basic concepts...
If you are getting started in trading, identifying a trend may not be the easiest thing to do. So here we can see a little example of how using EMA's such as the 20 and the 50 can help. By placing your EMA's on the chart, you can use them on any TF, however just like every other indicator, the higher the TF the more value it holds. EMA's can help us identify...
As we can see above i have demonstrated how supply and demand zones can be used to help you analyse a chart. Firstly we need to identify an absolute high and and absolute low on the TF we are using. The higher the TF the more valid the zones become. When the absolute highs and lows are identified, they are what we know as the major supply and demand and we will...
Hello Everyone Today I give a free educational lesson on how to set up a basic TA for a long term timeframe. This includes how to set up your trend based Fibonacci retracement + extension, as well as how to draw in basic support and resistance zones. Tomorrow I will do a lesson on how to set up TA for a short term timeframe. Join our channels for more...
Trading as a retail trading could work sometimes, but in the long term you will lose the most of ur portfolio. Comparing this to a smart money trader would make more winning trades knowing this kind of structure. For example: liquidity grabs, supply and demand zones etc. Enjoy and Happy New Year!!!!
As a trader, the most crucial responsibility you have is to manage and preserve your trading capital. You're out of the game if you lose all of your trading money; there's no way to make up the difference. If you make pips, you must be allowed to retain them instead of returning them to the market. But, let's be honest, it's not going to happen. The market will...
Hello guys, Wish you're all doing fine. Happy New Year. Sorry I wasn't around these past few days. I was on a break during the holidays. I decided to recap the Educational Ideas we posted in 2021. Let's gather them all in one post and take a quick look: First things first, Fibonacci, an excellent tool for analyzing the market: Bollinger Bands, And how they...
Todays daily primer is all about key levels, Don't make trading harder than it needs to be. Know your levels, keep track of them, have a system that says BUY or SELL as quickly as possible and then just execute your trades! All you needed to do was follow up, know the key levels and execute. It makes this job much easier when you are prepared and this type of...
As you can see the three tap setup is valid because of the low range, liquidation swept/deviation and low retest. Enjoy this educational post.
As day traders we use the VWAP lots in our trading and have even created custom versions of it which help us manage our trades. In this video I go over exactly what happened to US30 / Down Jones at the Frankfurt open and the New York open, and by using the VWAP today we could have taken advantage of these moves, both up and down! Do you use the VWAP? Let us...
Hello traders and investors! 👋😃 Good day, and please take a moment, relax and come on this journey with me, where we examine in depth, Immutable X and it's partners. I am limited to my posting abilities for specific graphs/images here on Tradingview, so I HIGHLY recommend that you would please take a look at the link I have provided below, which is word...
Hey Traders! WOW! What a Monday! Excellent moves in the markets today at the US open, I don't want to sound like I am bragging, but we kinda prepared ourselves very well for today by working our asses off on creating our watchlist, we knew what could be moving and we made sure that they focused on the best setups, setups that had the highest rewards and the...