In this post we will aim to clear some of common misconceptions of trading and how we can help you go further in your trading career by giving you all the tools you need to better understand the market and kill the game.
1. Trading is easy.
Trading is relatively easy IF you know the...
What is a Moving Average?
In technical analysis, there’s an indicator called moving average which calculates the average closing price over a set period of time. If the market is too choppy, often a moving average can help smooth things out and provide a clearer visual of what’s going on in the market and an indication as to where the momentum is whether it’s a...
Trading strategies on news for many traders play an important role, since one news can take a very good movement, it is important to observe the nuances of such strategies.
The essence of the strategy is to catch the movement and make money at the moment of the release of important news, becauseof which, most often, the volatility of the instruments we are...
One of the most powerful tools in your trading arsenal should be candlestick patterns. Various candlestick patterns can tell us where the market is heading.
These patterns can be found on all timeframes, however the Daily candlestick patterns appear to be the most reliable.
Once you see these patterns, you can ready yourself for the next move and use other...
What is momentum and how to make money on it?
Momentum is a sharp paranormal price movement in one direction or another, unusual for average daily fluctuations of an asset
How to build zones from which impulse movement is most likely to occur?
1) The price is pushed back from the previously built level
2) There is an impulse movement in the other direction
HOW TO CREATE A TRADING STRATEGY?
WHAT IS A TRADING STRATEGY?
Trading rules that systematize it, bring clarity, orderliness and predictability of the result. You can take a ready-made strategy and adapt it for yourself. And you can create your own
The main idea of the strategy, its rationale
The idea should be rational, based on market patterns that you...
DEMO account for trading. Useful or not
A demo account is considered by traders to be the safest method of learning to trade 😎
You are trading on virtual money. You have a sense of responsibility for this money and for your trade. The lack of psycho-logical pressure and emotional tension very "blinds" you. You become indifferent to your trade. You can stop...
At the end of a trend, there is a typically a reversal pattern indicating to us that the trend is about to reverse. There are 3 main patterns that you NEED to know.
1. Double Top/Double Bottom
A double top/bottom pattern is a chart pattern that consists of 2 consecutive peaks of similar height indicating that there is not enough buying/selling pressure to...
Fundamental news in the forex market provides the greatest energy for price movement. Only often these movements are unpredictable.
I have a news trading strategy in my feed titled "How to trade The News Correctly" ,
I recommend it to study if you have an aggressive trading style and want to earn even more on news
The most important...
A Growing trend. Bull market
Large players risk unlocking the potential of the instrument, actively investing, although there is no clear picture of further growth. The market is full, big exchanges, big losses, someone manages to make money. Energy is accumulating
STRONG BULLISH TREND
The beginning of the excitement,...
EURCHF is within a descending channel of an ascending channel... pretty confusing I know but have a look at the chart and you can see which way price will be heading. What we need to do now is find the best entry which is safe and clean.
From the diagram in the chart, you can see that our entry will only be after the break of the descending channel and after a...
Price action and market structure. Understand. Anticipate. Earn.
As advocates of technical analysis of price, we recognize that price and its traces on a chart are everything. Nothing else is needed.
Only one thing is important for us, we do not need to get away from everything and understand the price action and the structure of the market.
Price is a trace....
What is an ascending/descending correction?
The most common reversal pattern is the rising and falling wedge, which typically occurs at the end of a trend. The pattern consists of two trendiness which contract price leading to an apex and then a breakout appears.
Rising Wedge – Bearish Reversal
The ascending reversal pattern is the rising wedge which...
In this post, we will be explaining what a flag patterns is and how to identify and trade them.
What is a Flag?
The flag pattern is the most common continuation patterns in technical analysis. It often occurs after a big impulsive move. The impulse move is followed by short bodied candles countertrend to the impulse move, which is called the flag. It is named...
It's a super clear diagram on what key ingredients you need to find the 'sweet spot' = profitability.
The thing is, most people are desperately hunting for the holy-grail, you know - that 100% winning strategy... the silver bullet.
It doesn't exist - I'm sorry. 😢
So even a profitable strategy that's awesome can blow your account if the other 'factors' are...
What is an Impulse?
An impulse is defined as a strong move whereby the market moves quite strongly or heavily in one direction, covering a great distance in a short period of time.
Typically, when there's a trend reversal occurring, we require an impulse in the opposite direction of the trend, indicating to us that there's a possible trend reversal. 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...
As with all great trades, we require a trading plan. This is a perfect example of how to analyse, execute and manage your trade. See linked chart for the initial trade idea.
See below for a step by step guide on how we entered this trade and what we looked for.
Goodluck and trade safe!