Railway Tracks Pattern is a secondary formation (unlike pinbars and inside bars) of Price Action, but no less frequent on the chart of price movement of a certain underlying asset. It occurs mainly during the correction of the main trend movement. That is, it is necessary to catch the pattern on a pullback from the main trend.
✴️ THERE ARE TWO TYPES OF PATTERN...
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Hello, Traders Investors And Community, here I show the important triangle-formations and how to trade them properly.
These formations come in every-shape from big to small in today's markets and are sometimes quite often...
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Hello traders investors and community.
Today I show some important trading formations which can help to identify a profitable trading entry in the markets.
These types are when confirmed highly probable trading set-ups to open...
In this video I go through the ICT Breakaway Gap and how YOU can use it to your advantage. I include some tips and tricks with a real trade setup demonstration.
The Breakaway Gap may have been an elusive concept to understand, but I present a simple way you can spot them on the chart and frame your trades around them. It is a powerful weapon that can be used to...
Welcome to the thrilling world of timeframes—a place where every minute counts and every candlestick tells a story. You've probably asked yourself a million times, "What's the best timeframe to trade?" Well, buckle up because we're about to dive deep into the mesmerizing world of timeframes and trading strategies!
Picture this: timeframes are like puzzle pieces....
👋 Hello, Forex traders! In this post we are going to talk about Gann angles, which many of you know as the Gann Fan. Essentially, they are the same thing. We will learn how to build these angles, what are their essence, and most importantly - how we can apply Gann's Fan in practice in our trading.
What Are Gunn Angles ? 📢
Gann Angles, or Gann Fan, is one of the...
Hey traders,
In this post, we will discuss types of orders that we use in Forex trading.
➖ Market order.
Trading position is opened at a current price level.
Buying the asset, you will open a trading position at a current ask price.
Selling the asset, you will open a trading position at a current bid price.
Even though market order is the most...
Trading with support and resistance levels is a fundamental strategy that offers insights into market psychology and potential trade entry and exit points. This guide will explore how to effectively trade using these levels, highlighting the importance of confirmation, rejection patterns, candlestick patterns, and confluence with other indicators.
Understanding...
This educational post is great for beginners who are just starting to grasp the concept of SMC. We've already talked about what an order block is. This time we'll talk about other types of blocks in trading.
✴️ Mitigation Block
Mitigation Block is a sell or buy zone, which is formed when the market structure (BOS) continues. In other words, it is a broken order...
This is a story about how a good friend of mine lost over 700.000,- in 9 hours. And about the importance of the role of YOUR psyche in trading.
Some time ago, a fellow trader phoned me. Let's call him Tom. He traded occasionally, and by day was the CEO of a small company. We arranged to meet. It supposed to be an ordinary friendly conversation. There was no...
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
We all don't like or don't want to have a losing trade. But this is inevitable in trading, we have to face it. And, Letting your winning run and cutting your losers short has always been the mantra for profitable trading.
This is where I wanted to share 3 ways that...
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Here are 4 numbers you should know so that you can become profitable in FX Trading:
*Check out the Formula in the Chart picture*
Position Size
Determine the appropriate position size based on your risk tolerance, account equity, and the distance to your...
Hey traders,
In this post, we will discuss 3 most popular types of charts.
We will discuss the advantages and disadvantages of each one, and you will decide what type is the most appropriate for you.
📈Line Chart.
Line chart is the most common chart applied by analysts. Reading financial articles in different news outlets, I noticed that most of the time the...
Three Drives Pattern is a price pattern that consists of three consecutive changes in the market. The first and third are strong moves in one direction, while the second is weaker and in the opposite direction. The pattern can be used in trading to determine direction and predict optimal entry-exit points. Below we take a closer look at what this tool is, how it...
The "boom and bust" cycle in trading is a period in a trader's journey when significant gains are followed by periods of significant losses, which can lead to financial consequences and emotional burnout for traders. Breaking out of this cycle is not easy but very important for long-term trading success. When a trader doesn't know what he or she is doing, but is...
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
A picture speaks a 1000 words and that is so true!
Recently I came across this picture from moo moo.
It actually strike a chord with the message that I always wanted to bring across, which is the importance of risk management!
Always keep in mind that having your trade...
Let's talk about trading on Nonfarm payrolls news. What is this news, why traders always expect it, when it comes out, where to look for it and most importantly why the market fluctuates like crazy when NonFarm Payrolls are released?
What is Nonfarm Payrolls?
Nonfarm Payrolls (NFP) is the number of new jobs in nonfarm sectors of the economy over the past month....
Today we will talk about how to trade EURJPY; one of the most volatile, but also the most popular cross-currency pairs on the forex market. Quite a large percentage of profitable traders include it in their trading arsenal. We will tell you about the differences of this pair, which is sometimes called "the beast".
THE ECONOMIES OF JAPAN AND THE EUROZONE
Japan...
![USDJPY: [EDU] 3 quick tips when to cut your losses short in trading](https://s3.tradingview.com/p/pvEJD1sO_mid.png "[EDU] 3 quick tips when to cut your losses short in trading")
![USDJPY: [EDU] 4 Numbers You should Know so to be Profitable in FX](https://s3.tradingview.com/k/KNCd3yvf_mid.png "[EDU] 4 Numbers You should Know so to be Profitable in FX")
![USDJPY: [EDU] Lossing How much is too Much? (Risk Management)](https://s3.tradingview.com/f/FAuCUMwl_mid.png "[EDU] Lossing How much is too Much? (Risk Management)")
