he Average True Range is a volatility indicator measuring how much the price of an asset has moved over a certain number of periods, in other words how volatile the asset is. It was created by J. Welles Wilder and was featured in his book “New Concepts in Technical Trading System”. It was originally designed as a volatility indicator able to capture gaps in...
The Relative Strength Index is one of the most widely used tools in traders handset. The RSI is an oscillating indicator which shows when an asset might be overbought or oversold by comparing the magnitude of the assets recent gains to its recent losses. A common misconception is that the RSI draws a comparison between one security and another, but what it...
What Is Divergence? Divergence is a trading phenomenon that offers reliable and high-quality information regarding trading signals. It refers to when an asset’s price moves in the opposite direction to the momentum indicators or oscillators. Commonly used indicators include the relative strength index (RSI), stochastic oscillator, Awesome Oscillator (AO), and...
Hello everyone! Today we will discuss the correlation for some currencies and commodities. GOLD GROWTH Recently, gold has risen sharply. Not everyone knows why and what may happen next. But if you disassemble gold, then historically, it turned out that in difficult economic moments or in a crisis, dollars are exchanged for gold, since GOLD has historically...
How to long a bullish trend with Cosmic BB SR? Long when price breaks above the current resistance level (😎) and close your position when a "New R Level" is formed.
How to short a bearish trend with Cosmic BB SR? Short when price breaks below the current support level (😎) and close your position when a "New S Level" is formed.
How to buy the dip with Cosmic Markers and Cosmic BB SR ? Buy when Cosmic BB SR forms a new "S Level" while Cosmic Markers prints red dots (😎)
In March this year, we posted a higher timeframe analysis where we identified that price was in wave 4 and that we were in an ABC correction. See full post below: Once we identified where we are in the wave sequence, it just came down to counting the waves correctly and trading according to our trading rules. We know that Wave C consists of 5 waves and...
So things are going to plan, so far, we saw the rally, the market failed to break yesterday's high. And price has followed the breakout pattern and returned back to the price line. A break through would put this move comfortably back in profit like I mentioned in my last update. These are all positives. But I can't help but thinking about the fact that I could...
You can find the indicators with the link below Indicators If you are in a 50% loss in the current bearish market, you probably did not choose the right point to enter or you got involved in the wrong hope that the price will return soon. So what should we do to avoid such losses? You should be familiar with market cycles 2 cycles that you are probably...
Hi everybody! today we gonna focus on what is the mindset of a winning trader. what does he think and what differentiates him from a looser based on his way of thinking. We gonna check a non-exhaustive list of several quotes that may be interesting to know and remind. These quotes are all written on my notepad, I advice you to do the same: have a notepad with...
Have you ever wanted to combine two technical analysis indicators into a single signal to find your own way of making profit? This video is a tutorial where I take two stock Tradingview Pinescript indicators and combine them into a signal that makes it easier for the user to spot with their eyes when an even occurs on a chart. By following along I hope the...
Following on from our last post on DXY, we have moved up a considerable amount. In our last post we identified the higher timeframe impulsive move and waited for a catalyst, NFP, to move the market in our direction. See our previous post below: In Elliott Wave Theory, the impulsive wave can be broken down into the following 5 waves: Wave 1 - is made up of 5...
#BLOCK/USDT $Blocknet current price is around $0.58 Recently made low of $0.47. So basically it's almost 99.22% down from All time high of $60.027. Practically I don't prefer in suggesting these type of Scam/shit coins. Never choose to go with these kind of Coin, can harm and eat our hard earned money. Lots of traders and Influencers around the globe just...
Identify a trend. Draw horizontal key level. Wait for a pin bar to form in a pull back to the horizontal key level. Enter at close price of pin bar. Trend: Up Level: Horizontal, EMA 10, EMA 20 Signal: Pin Bar Charts
Hello everyone! Today I want to share with you a very strong pattern that I use myself and that you can find on any chart. When used correctly, this pattern is able to suggest the best entry point and possible reversal, which potentially promises you good profits. Identification The engulfing pattern looks like two candles, the first of which is small, and the...
Forex Signals Providers - Scam? Points you should keep an eye on before buying. Points: - Trading Strategy - Trade Management / Timing - Risk Management / Risk Rewards - Broker - Result Trading Strategy: Well we never know what these traders are really doing. We may see the analysis but we do not have their rules (Trading Plan). So you would need to...
A key part of technical analysis is to identify the different phases and patterns in the market. So, what can we see? - We can see that we're within a major ascending parallel channel and price has been respecting it. When price approaches either extremes of the channel, it rejects aggressively. - There are 2 key phases at play here. The blue phase is the...