🌐 How not to be stuck in your position? SIGNAL + TIMING = SUCCESS You asked me how not to be stuck in one long-term, seemingly losing position and how not to miss opportunities. You have to consider at least two dimensions of timing: zone and scale. What is a zone? - The time-zone of my signals is UTC, and so, you have to translate. What is the scale?...
When the price hits your target, take your profits! Don't be GREEDY.
Tip 1- Use statistics to avoid bad setups, and enter and exit at high probability areas Example: Wanting to join an early trend on a pullback? It probably is a bad idea to enter before 50% retrace. Elliott rules even say wave 2 typically retraces to 78.6%, so it's probably a good idea to wait for a big retrace before going in. Of course, and this could be...
Fakeout is a term used in technical analysis to refer to a situation in which a trader enters into a position in anticipation of a future transaction signal or price movement, but the signal or movement never develops and the asset moves in the opposite direction.
📚 Books are always the best way to acquire knowledge even in the presence of latest technologies/e-books/videos. There are 1000s of books in the market. So I have picked the best ones according to me! 📚 I have sub divided the books to acquire knowledge in any specific field 💲 Finance and Motivation - For knowing more about money and it's...
The accumulation area represents a period of buying, typically by institutional buyers, while the price remains fairly stable.
Market gives us signals when it want to continue its momentum. There are some patterns that tell us that the price will not change direction, but that it will continue its direction. In the graph you can see a triangle. Bearish trend-pattern-bearish trend!
Note I am using GBPJPY, a favorite of high leverage day gamblers as it has the biggest range of the 30 leverage pairs. I am not "spreading FUD", if day gamblers want to lose their money I do not care. Actually I like it. Finding success is satisfying but additionally watching others fail has an added sweetness that is irresistible. This is simply a reminder to...
Hy dear Members, As you all know very well that we have completed 1k Followers at this Trading view Platform. And first i want to Mention That As soon as Our Followers and likes will increase i will share more forex Knowledge as i am going to share now. Here this is our first educational post here and i want to tell the basics of technical analysis and secret...
Vanity metrics are just that - vane.
The best teacher is the one who doesn't teach.
Don't get caught up in the bells and whistles only to lose your way.
Who loved seesaws as a kid?
I was supposed to give some few tips on how to check some market movements through some of indicators which I Also use. Bullish or Bearish indicators are classified depending on what they indicate; They either indicate;Volatility , Momentum, Volume and Trend. I will give an example on each type. Volatility Indictors show price action change in a given...
Your biggest profits come from your fewest trades.
Sometimes the most beautiful things happen without human intervention.