Hopefully this post is both educational and entertaining. I was having a discussion on line about the advantages of quantum speed trading - and how it has a greater power than the human brain. For sure it is more powerful at number crunching. But quantum slowness is about trends! Look at the lovely 15 min trend. No big muscle computing power required. Just...
We went to 80 no problem this is our second chance to jump on the train. -50%,+23%,+61% is all we have to look for. And here Ive marked all the over sold/bought dates to see if they track one another. If the 2 go with each other you see another bread and butter move. Over sold means buy and over bought means sell.
I'm making a little educational series of tutorials to put some of my trading philosophies into writing for myself but also to help teach anyone interested or provide a fresh perspective to others. Let's start with COLOR . From indicator lines, fill regions, background colors, arrows, to barcolors (be it from an indicator or just the basic candle), most traders...
Just look at the chart. This is what I see when I look at the candles. Learning these patterns can ultimately help you become a better trader.
I'm gonna try and keep this short. Today is the start of a HUGE trading weekend, and I still have to get ready and head up. Anyways. Look at my charts again. This is the 1H tf. I kept all the successful and failed trade setups I entered with annotations for justification, etc. There are a couple things to do that I didn't. 1) Recognize the larger trend. ...
Not that it will make a difference with 90% people... At least it gives me some practice. Always good. No point for me writting a large textwall explaining everything simply, those that need this do not read it or understand it anyway. I am not a trend expert. I am not a trend trader. I find it simpler to find reversal points at support at the end of corrections...
Summary Introduction Type 1 Type 2 Type 3 Conclusion Introduction Trends are not created equal, there are 3 types of trends, I am not a trend trader that much but I can identify trends and tell the difference. This is what I know about myself: 1- Strong trends Examples: Ways to define these strong trends - Eyesight - With a momentum...
The price is edging up. If you look closely, you will see an Elliot 5 Wave impulse. If you know about fractals, you should have that in your trading arsenal because the Elliot Wave principle is a natural, sensational and accurate tool in 'forecasting' price action. The waves move in harmony according to the Fibonacci patterns and spirals. The Fibonacci is the...
Hello all, I could talk about price or something, but I'm not in the mood for that today. Instead, I'd like to share with you all how I use the stop and reverse points (SAR) to identify trends and give me an edge in trading. Of course, we have all heard the phrase, "the trend is your friend." Well, it's true. Of course, trends break and at some point following...
So many people blame the unpredictable price moves on the whales. (As if the whales aren't investors, too). In lack of better words these people are blaming the unknown for their failure to understand the market's environment. Not to mention spending hours or days over-analyzing a fake rally that is 100% going to deflate So, Dogecoin Shill, what do I do to...
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) Indicators used in this forecast are PRO Sinewave BETA & PRO Momentum . You can check my indicators via my TradingView's Profile : @PRO_Indicators Kindly, Phil If you want to learn more about the basic rules to trade with my...