In the labyrinthine landscape of financial markets, where volatility reigns supreme and uncertainty lurks around every corner, traders seek reliable navigational tools to steer through the tumultuous waters of price movements. Among the myriad techniques at their disposal, Fibonacci analysis emerges as a stalwart companion, offering a nuanced understanding of...
This strategy is intended to be a method to help to differentiate a pullback from reversal. Here we're using the butterfly pattern which is a continuation pattern, but the failure of this continuation pattern can mean the failure of the trend. It's a very useful signal that can be used on all time frames. You can find great examples of this before crashes...
This is one important case study as to why investors lose money in the stock market. Now if you look at the chart, Here is what you see: 1. 32 Months of pure range-bound consolidation 2. Clearly defined support and resistance zones 3. Five months of consolidation at the resistance zone 4. A beautiful high-volume breakout followed by a...
Harmonics are a very useful tool for gaining insight into possible reversal levels after strong trends. "M" shapes are often found at the bottom of trends and "W" shapes at the top. Most often these fit into the rules of the butterfly reversal. A defining characteristic of the butterfly is the final leg (D leg) is always a very strong leg. It's a strong and...
Here i show you how you can use deriv on tradingview with easy step by step guild so you just need to try it .
Three Black Crows is a term used to describe a bearish candlestick pattern that can predict a reversal in an uptrend. Classic candlestick charts show "Open", "High", "Low" and "Close" prices of a bar for a particular security. For markets moving up, the candlestick is usually white, green or blue. When moving lower they are black or red. The Three Black Crows...
The butterfly can appear as a corrective pattern in a trend. When it does, it's a two leg correction. The second leg is a false breakout of the first. Being a harmonic, the final leg (D leg) is always the strongest. When the butterfly serves as a corrective pattern, strong follow through can come. In the times this works, we usually see the next swing...
Emotions play a significant role in trading and can have a profound impact on decision-making and overall trading performance. Here are some common emotions that traders experience and how they can influence trading behavior: 1. Fear: Fear is a powerful emotion that often arises when traders face unexpected market movements or potential losses. It can lead to...
In the grand Cosmic Ballet of Finance, where Celestial bodies of opportunity align in the vast expanse of the market universe, we navigate the Ethereum Vortex with a seasoned Trader’s Poise. Our chart, a Navigator's star map, is a chronicle of strategy, a testament to the art of Dollar-Cost Averaging (DCA), and an epic etched in the annals of digital...
Let's keep it straight to the point, Shall We? 1. Emotional Investing: One of the most prevalent mistakes is allowing emotions to drive investment decisions. Fear and greed can lead to impulsive actions, such as panic selling during market downturns or chasing speculative investments during bullish phases. Solution: Develop a well-thought-out investment plan...
On the 1h time frame XRPUSD is printing a bullish white swan harmonic pattern. The pattern targets a strong support zone of 0.47-0.48 zone which might be a good entry area for bullish continuation.
Even though I was interrupted by a phone call (lol) hear the end of this video, it still clearly illustrates how to use Fibonacci Price Sprials in conjunction with Fibonacci Price Theory to identify breakouts and targets. Remember, I don't believe Fibonacci Price Spirals are very useful for targeting/predicting trends. I do believe they act as a means of...
People usually find it difficult to Invest in a strategic manner. The stocks in their portfolio are either based on news, Tips, or some random chart breakout. Here are some logical investment themes to consider: 🎯When Income grows, people Invest - companies that facilitate investment, especially the capital market. 🎯 The hype to show off travel - Travel and...
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...
Harmonic ABCD pattern is a classic reversal pattern. In this article, I will teach you how to recognize that pattern and trade it properly. This pattern is composed of 3 main elements (based on wicks of the candles): 1️⃣ AB leg 2️⃣ BC leg 3️⃣ CD leg The pattern is considered to be bullish if AB leg is bearish. The pattern is considered to be bearish if...
in this video i will be teaching you how to trade one of the reversal patterns
Backtesting trading strategies using TradingView's replay feature is a valuable tool to evaluate the effectiveness of your strategy in different market conditions and timeframes. Here's a step-by-step guide on how to backtest strategies using TradingView's replay feature: **1. Define Your Strategy:** - Clearly define the rules and parameters of your trading...