ChristopherDownie

ChristopherDownie

🔹 INTRODUCTION A prevalent saying in the trading world is that you need high volatility to make money in the markets. However, this statement needs to be more accurate. While high volatility is, in fact, necessary, it is very much based on perspective, and there are many cases where an extremely volatile market will be your downfall. 🔹 UNDERSTANDING THE...

ChristopherDownie

GBPUSD 1H Trade idea for next week. High Level of bearish confluence on the daily timeframe. Seeking sells on the one hour timeframe from highs at 1.22545 into lows at 1.21265 Getting some high reaction off of a high volume orderblock with 202k volume. Indicators : Price Action concepts and Oscillator Matrix Daily timeframe :

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JOLTs Job openings data against the Dollar Yen. The chart doesn't care for the negative numbers. Each time there is a bad period the price still rises. Today's reading: Actual - 8.82 Forecast - 9.46 Worst than expected Even if price comes down I expect a reaction from this area

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Technically speaking at the moment I don't see any reasons I enter a long. But I am seeing signs of bullish interest. On the daily timeframe, this region has witnessed significant upward reactions historically. I am hopeful for a similar reaction once again. Now that we have revisited this order block, I am anticipating a reaction on the 4-hour timeframe that...

ChristopherDownie

When it comes to investing and trading, risk is a constant factor that requires careful consideration. Let's explore the concepts of systematic and non-systematic risk: Deeper Dive Market risk and non-diversifiable risk are other names for systematic risk. It is the kind of risk that is intrinsic to the entire market or a particular area within it and cannot...

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At the moment there seems to be a shift in market sentiment. In the cover chart we can see where price is concentrated in a small region and for most of that data the price delta is mostly bearish. From signals and overlays and money flow we can see we are just transitioning into a bearish price action. Volume sentiment could be the catalyst for this move. I...

ChristopherDownie

📊 Introduction Technical analysis is a fundamental part of any trader's toolset since it offers insightful information about market activity and potential price moves. The foundation of this research is made up of indicators including Moving Averages (MAs), Relative Strength Index (RSI), Bollinger Bands, and MACD. However, using these indicators' default values...

ChristopherDownie

Grid trading is often marketed as a way to win every trade. People usually get away with this type of marketing of the trading style due to the fact that grid trading does not care for market execution in the sense of market direction because you will close profitable trades if the market goes up or down. But it's not as simple as that. What is Grid trading? ...

ChristopherDownie

If you have ever wanted an indicator that accounts for a large number of other indicators to give you a rating of the market conditions, Then the technical rating indicator is what you've been looking for. 📊 What is the technical rating indicator and how it works The technical rating indicator (TRI) is a tool that aids traders and investors in assessing the...

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In this publication, we will go into a strategy for generating passive income within the forex market, irrespective of market direction. While traditional trading methods often rely on correctly predicting market directions, what if there was a way to earn without speculating on market movements? Surprisingly, such an avenue exists, and it involves capitalizing on...

ChristopherDownie

Let's imagine it is Sunday, and you're preparing your watchlist for the week. You use the market scanner to create your watchlist. You can learn about the market scanner here: 📊Your list contains: PEPPERSTONE:EURUSD PEPPERSTONE:GBPJPY PEPPERSTONE:GBPUSD PEPPERSTONE:NZDJPY PEPPERSTONE:XAUUSD PEPPERSTONE:USDJPY It's now Monday, and you start...

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TradingView, being one of the leading charting platforms, boasts a vast and active community of more than 50 million users. One noteworthy feature that many users may be unaware of is the ability to display ideas shared by other users directly on their charts, without the need to navigate to the separate Ideas tab. This feature enhances convenience and streamlines...

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EDUCATIONAL: MOMENTUM TRADING: THE POWER OF MULTIPLE TIMEFRAMES 🔹Introduction: Momentum trading is a tactic that makes money off the continuation of current trends in the volatile world of financial markets. Identifying assets that have entered overbought or oversold circumstances is a crucial component of this strategy. Trades can be executed on lower periods...

ChristopherDownie

When I first started trading seven years ago, I had this idea that I didn't need a trading mentor. I felt that it was "cool" to be able to say "I learned trading on my own; I had no mentors", but is this necessarily a good thing? Should traders think like this? Are trading mentors any good? Let's talk about it.. Trading mentors are seasoned traders who provide...

ChristopherDownie

📊 Introduction You might want to read more about the MACD indicator if you're seeking for a technical indicator that can assist you in spotting market trends and momentum. Moving average convergence/divergence, or MACD, is one of the most well-known and often applied technical analysis indicators. We will define the MACD indicator, describe its operation, and...

ChristopherDownie

🔶 Introduction A high win rate—that is, the proportion of trades that result in profits—is appealing to many traders. They might believe that being lucrative requires a high win rate, or that it will increase their self-assurance and lessen their tension. A trader's performance may be negatively impacted over time if they have a high win rate, which is not a...

ChristopherDownie

Introduction The issue with determining if a market is overvalued is the fact that depending on your perspective the market always seems overvalued. In this publication we will explore 3 sound ways to determine if the market is overpriced and see how they works. 🔷 Shiller price-to-earnings (P/E) ratio The Shiller price-to-earnings (P/E) ratio, sometimes...

ChristopherDownie

I recently started to read a number of finance books and watching a lot of YouTube channels specifically on the topic of chaos theory and backtesting. I am going to start a series here where I share what I am learning and today we are going to delve into the world of backtesting. "Those who fail to learn history are condemned to repeat it" - George Santayana ...