Debt and living on credit is a universal norm .
While the "wisest" among us are trying to persuade themselves how they "hack" the system buying on credit card smartly, the richest among us keep following totally different commandments .
You must remember that debt makes you dependent , it makes you submissive to the...
Japanese Candlesticks are thought to have been invented by the Japanese rice traders
And then made their way into the West where they were used for stocks, forex and commodity trading.
Reading candlesticks is quite easy: the body represents an area that indicates the price distance between the open and...
This is the first in a series of trade reviews that I will be doing for TradingView viewers where each week I will review one or two of my trades. We will outline why we entered them and also how they went.
This is meant only for educational purposes for you to learn some of the skills that I implement when trading.
In this trade I used a very...
XAUUSD GOLD SUPPLY AND DEMAND ZONES. Identifying high volume levels is very important. The reason behind this is because in high volume levels there are unfilled orders from the banks which are pending to be activated once price returns to that area. My trading is based off 4h with high level zones.
So I am going to breakdown an indicator that I have featured alot in my trades, so if we look at the crude oil chart here, we can see that in total we have 5 notable crosses of the rvi indicator, 3 bearish trades and 2 bullish trades for a total of 510 pips, 5 winners out of 5. Now the magic of the indicator is that it is both an entry signal and an exit signal,...
UPDATE: GBPJPY ANALYSIS REJECTION. Beautiful trade today with an easy R:R of 1:4. This zone had formed on Wednesday and we had waited for price to return to this area. As you can see it was a really power zone sending the price back up.
The most important part of trading - especially with true trend-following - is stalking your prey very very carefully. The next is controlling loss.
Trend followers suffer heavier controlled losses - but also enjoy far greater gains - than those who rely on targets-based methods of trading. It is certainly not for 'everybody'. Only about 20% of all traders are...
Now Blue FX Trend Strategy V2 is live I wanted to demonstrate this on the charts.
EURAUD over March and April presented 16 trades. 10 winners and 6 losing trades.
2:1 Reward to risk - generating a gain of 14% on this one pair alone.
Limit up acts as a guaranteed stop, this early in the trading day it is likely that it will pull back - especially as it follows DAX.
I traded a small amount (£100 per point) when it pulled back and bounced, perfect time to sell into the bounce, hold, and achieved 1000 points in around 90 minutes just before it turned negative.
The DOW was limit up throughout...
Timeframes on Ribbons: 1H -> 45H
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern
This Tutorial Idea Indicates some important trading signals of Bitcoin given by the indicator since 2018 January, in order to help users of the indicator learn how to identify opportunities.
Some Typical Trigger Signals:...
In this educational screencast I answer some of the issues I've been asked about by new traders. I emphasise in that profitability it is not mainly about methodology or indicators. It is about something pretty nebulous and unseen.
This post is compliant with Tradingview's house rules on text based posts.
This educational post shows how exploiting trends can deliver profits in the long term, by living for the big trends. This is a no-targets system that uses the ATR. Trend switches define entry positions and the markets decide exit positions. Scaling-in of position sizes is an advanced higher risk technique. Those lacking experience and with small account sizes...
Join me - to boldly go where 'no man' has gone before. This is the Final Frontier.
I take on the big issue - head on.
This is the one that is more likely to make the biggest difference to achieving consistent profitability.
I assert that it technical and fundamental analysis are not most important issues in trading - at all! If 'everybody' could simply do...
Can we see this rise above the 115.000 as per the news,
Analysts at Nomura we expect a 0.2% (0.244%) m-o-m increase in US core CPI inflation for September following a 0.082% advance in August
we could see this raise even with the bullish wedge seen on our chart
Traders layering into TRY potentially got burnt last week as the Turkish Central Bank intervened to halt the local currency's worrying devaluation by raising interest rates by a whopping 3%
Whilst i tend to let the majority of fundamental data pass me by , it often pays to atleast maintain a health awareness of key macro factors that might have a direct impact...