Setting stop-loss and take-profit levels on TradingView is a straightforward process. Here's how you can do it:
**1. Open a TradingView Chart:**
- Log in to your TradingView account and open the chart for the instrument you want to trade, such as GBP/USD.
**2. Draw a Long or Short Position:**
- Click on the "Trading Panel" icon located at the bottom of the...
Optimizing and refining trading strategies is a continuous process that involves analyzing historical performance, identifying areas for improvement, and making adjustments to enhance profitability and reduce risk. Here's a step-by-step guide on how to optimize and refine your trading strategies:
**1. Analyze Historical Performance:**
- Review the historical...
The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are popular technical indicators used by traders to analyze GBP/USD (British Pound/US Dollar) price movements and identify potential trading opportunities. Here's how they work and how traders can use them effectively:
**Relative Strength Index (RSI):**
1. **Definition:** RSI is a...
Moving averages (MA) and exponential moving averages (EMA) are widely used technical indicators in GBP/USD (British Pound/US Dollar) trading to identify trends, support, and resistance levels, and potential entry and exit points. Here's how they work:
**Moving Averages (MA):**
1. **Definition:** A moving average is a trend-following indicator that smoothens out...
Technical indicators play a significant role in analyzing GBP/USD (British Pound/US Dollar) price movements and identifying potential trading opportunities. Here are some commonly used technical indicators for GBP/USD trading:
1. **Moving Averages (MA):**
- Simple Moving Average (SMA) and Exponential Moving Average (EMA) are popular indicators used to smooth...
Identifying support and resistance levels is crucial for effective technical analysis when trading GBP/USD or any other financial instrument. Here's how traders can identify support and resistance levels on GBP/USD charts:
**1. Historical Price Levels:**
- Look for historical price levels where the GBP/USD exchange rate has previously reversed direction or...
Here i give you some tips regarding on trading GBPUSD and is quite well for you to understand how it work. GBPUSD is a volatile market so you can make money fast and also loose fast. So is very important you know this. In this video i show you double bottom and double top also show you phycological levels .You also learn trendline. Resistance and Support for applying.
Price broke below the KL but the next 30 minute candle closed back above, indicating a small liquidity grab for price to move back up. CPI was to follow and as the next hourly candle broke the previous high, buys were entered with us anticipating CPI to drive price back up to the next KL. Secured some profits there, and left a runner to target the KL at 1.26900.
Welcome back to my video series. In this video i have covered trendlines, it's important that you understand the basics first before you move onto any advanced.Don't be in rush, trading is a skill that requires patience and practice.
I have linked the video to support and resistance and trading timreframes.
If you have any questions or comments, leave them down below.
Losing is inevitable. To be a successful trader you must truly truly understand this. Look back at my analysis. I have both winners and losers and I absolutely love them both.
Why do i love my losses? Because I don’t see them as losses, I see them as lessons. Every set up that doesn’t go as I anticipated is crucial information that I must study and this is...
With the Pound reaching new highs since Brexit it was clear that eventually it will run out of steam. Bang on a trend line we saw a rejection followed by a spinning top, with a strong candle close after the next 4 hours it was clear the sellers were jumping in. Easy 177 pip trade!
