Intro I tried to talk through stop-loss placement in 3 minutes here. I do not think justice was done. So let's take a look at exactly what I mean when I say "Let Your Trade Cook". Proper stop-loss placement is critical to a successful trading plan. Don't Place Your Stop Like Everyone Else You are guilty of this, if you have been stopped out many times just...
This video goes into depth on the types of market structures and how they happen. Ranging -> Breakout (Spike) -> Channel (trend or a ranging trend) -> Climax. The market moves in these repeatable patterns over and over and over again. If you can diagnose where we are in these cycles then you can harness this skill to improve your trading.
Whenever anyone looks at a chart, she will see areas where the market is moving diagonally and other areas where the market is moving sideways and not covering many points. The market can exhibit a spectrum of price behavior from an extreme trend where almost every tick is higher or lower than the last to an extreme trading range where every one- or two-tick up...
What is Platinum? Platinum is a chemical element with the symbol Pt and atomic number 78. It belongs to the noble metals group, which also includes palladium, rhodium, iridium, osmium, and ruthenium. Platinum is characterized by its high density, malleability, ductility, and resistance to corrosion. These unique properties make it an invaluable material for...
The Forex market (FX), or foreign exchange market, represents a vast and dynamic space in which currencies are traded daily. Serving as the largest financial market in the world—trading in the Forex market reached US$7.5 trillion per day in April 2022, according to the Bank for International Settlements (BLS)—the Forex market delivers clear and actionable trends...
It's not a simple question and REALLY matters ALL of the time, so, finding a simple answer is a neat tool to have in the snuff-toolbox.. Here's the quickest, easiest down-n-dirry method for getting closer to an answer. If you look at the ranging areas of the chart. The in-between, sideways, messy, wish-it-didn't-exist areas and draw a rough shape tracing the...
How I trade the candles. There is more not mentioned in the video but for the most part these are the basic steps I take 1st before diving into look for more confluences to help me decide during a trade.
Trendlines are graphical representations of the price movement of an asset in a financial market. They are formed by connecting a series of highs or lows of an asset's price over a specific period. The resulting line can be used to identify the direction of the trend and to help traders make decisions about buying or selling. In other words, A trendline is like a...
📍 What Is an Uptrend? An uptrend describes the price movement of a financial asset when the overall direction is upward. In an uptrend, each successive peak and trough is higher than the ones found earlier in the trend. The uptrend is therefore composed of higher swing lows and higher swing highs. As long as the price is making these higher swing lows and higher...
Support and resistance levels are the lost art of trading any market. In using support and resistance zones, I also use various MA's (Moving Averages) to assist me in finding the perfect entry. Now no trading strategy is completely waterproof. The market will act and react however it wants to, and a multitude of factors can drastically alter price action so take...
This is part two of what is changing the world for the future... Last time we spoke about the first 4 Megatrends. Electric Vehicles & Autonomous Driving 1. E-shopping & Drop Shipping 2. 3. AI & Machine learning 3. Online businesses The next four MEGATRENDS are... Metaverse NFTS Blockchain and Cryptos Web 3.0 Mark Zuckerberg is beyond his years as he sees...
When trading price action, it's crucial that you understand the story of the currency pair you are trading.For what current price is doing is only valuable in the overall context of what a currency pair has been doing.Just like reading a book or watching a movie, watching it from the half-way point won't allow you to understand what's happening; for current...
Hey Guys! As you guys know, for the past 2 weeks I've been taking multiple trades on the Nzd/usd, both short and long. First I was taking short trades with the daily short bias, then long trades along with the bias change into long on the daily chart. In this video, I explain how I knew the daily bias has changed into long thus aborted my initial short entry...
Reading charts and understanding the "Language" of the market is very simple but at times due to high involvement of our emotions we make it very hard. Any market or chart that you see will be in a phase all you have to do is identify it on a higher time frame. Lower Lows & Lowers Highs is a definition of a down trend. Higher Highs & Higher Lows is a...
I write this tiny article to share the basics or my use of ths RSI indicator, coupled to supports and resistances levels, as well as trend lines (or any indicator you want to use as SUP/RES (moving averages, vwap ...)) This use implies a bit of practice in spotting divergences, but let's be honest, many of them appear on previous supports or resistances, just...
As a trader, it’s a general rule of thumb that we should always be looking to maximise potential returns (per unit of risk) with each transaction. We should always be looking to squeeze as much out of the market as we can. There are times when this can occur by simply letting the trade run its course. However, sometimes market conditions align perfectly for savvy...
No April Fools joke here , the first card I pulled off the top of my Trader Tarot Deck (thanks @TradingView) was the KING OF FUTURES. Maybe there is something to this Tarot thing?
Finding Trends in the market is a tool needed to stay on the right side of the trade. Here I attempt to help you out by giving some tips that I have found through my 7 years of looking at the charts. I have noticed that while the focus is on the avg close of the markets that isn't where trends take place in fact aiming for the avg is a good way to continuously...