Median Lines and Finding the Right Path When it comes to learning about markets and trading, finding the right path and committing to it is the hardest part. The right path has little to do with any technical analysis method. It has to do with structuring our mental framework so that we fundamentally change how we experience markets, trading, and loss.
In the video, I show some Median Line and Action/Reaction work but this work is useless by itself. No tool is good or bad, they are just tools we use to comprehend markets. The problem arises when the tools start using us and we think there is some kind of magic to them.
The essence of our strategy should be to structure our methods and mindset towards functionality. The journey we should commit to is one marked by fostering accountability and responsibility in all our actions. The swing trade Idea I show, takes method and structures it into function.
Shane
Actionreaction
Knowing the why, is knowing the what.In this short video, I show you what I expect from what I do, using Action/Reaction.
It's on purpose, that I don't give any further explanation - just stay curious, try to figure it out, learn, prove, and earn with what you come up with from the study.
It's only you that can make it possible.
Happy trading
BENEFITS AND RISKS OF TRADING 101SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
BENEFITS AND RISKS OF TRADING 101
a) Market Action
Market Action is determined as the summary of data showing the trading activities in the market, which determines the differentiation between the price of the currency on which profit or loss can be generated. The rate of change in profit and loss is provided in Market action summary. This can enable the investors to determine which FOREX they should sell or buy in the market.
b) Liquidity
1. Market liquidity determines the extent to which a market, it can be a real estate or a trading market, which can allow selling and buying of assets at stable prices. In the trading market, the liquidity of securities is considered as ease of selling and buying the securities without affecting the price of the assets.
2. While trading in a FOREX market with a high volume, the bid price offered by a buyer on each share and the asking price on which seller is willing to sell shares, if based on the same or close amounts than the market highly liquid.
3. The difference between the prices is considered as the spread. The market liquidity usually affects when the difference or spread between the ask prices and bid prices increase.
c) Leverage
Traders determine margin and leveraging as the two important aspects of leveraging. The loan provided by a broker is considered as a margin, which enables traders in leveraging the securities and funds through the account to accomplish large trade activities. However, it is necessary to open and get an approval on a margin account.
The FOREX market usually uses 2:1 leverage, this means that investor can buy almost double of the amount they hold in their trading account. This means that if the investor has $50,000 then they can purchase $100,000 of currency in case their trading account leverage is 2:1.
d) Economic risks
Economic risk arises due to the changes in macro economic conditions. These risks are much capable that they can introduce changes in investments of shareholders and bondholders in the market. These changes can be the result of changes in government regulation, exchange rates, and political stability. International investment carries more investment risk as compared to domestic investment. The main reason that economic risk can adversely affect the corporate investments is due to the fact that economic risks can violate the economic sustainability.
Happy trading :)
Structures: Minor into a major.Just take a minute and study this chart.
Price has often the tendency to morph from a minor structure into a major one.
However, there are similarities and we can find them out by understanding the connections between the movements of price.
Study the chart peace by peace and you will learn more then if you read a new book about a new trading setup...
P!
...if you like what you see, how about learning how the Pitchforks work? Take my free ForkTrading BLUEPRINT course. Just register and you're good to go. Happy learning!
Pitchfork Trading - Video 1Video Nr. 1
I explain the quick principals of the Pitchfork and how we use it.
Parallel to the educational benefit, you get the analysis of the NQ and a good feeling, where we are in the whole big picture.
If you like to learn more about the Pitchforks and how they produce great trades, then here's how you can get your free course:
1. Klick the link at the bottom to get to our website.
2. Register for the FREE MEMBERSHIP
3. Login and start the course
Thanks for watching and if you like it, give a thumb up :)
P!
How Action/Reaction worksMany weeks ago, I freshly published this chart. I wanted to make a longterm project out of it.
The idea behind this chart is, to show you LIVE how pure Action/Reaction works - and that it's not a mystery, fake or something "balloonie".
Here you have 5! reactions in a relative short period of time. Let's go through them right now:
1 Overshoot and fall back to...
2 ...last magenta A/R line, which provided support.
3 Price drops from prior support down to the next line, but creating, what we at ForkTrading call a confirmed "Hagopian" (you learn about this in my free ForkTrading BLUEPRINT).
4 From 3 price moves up and reacts even three times at the magenta A/R line, bouncing it's head on it, before moving up to the magenta A/R line, just to find resistance and...
5. drops back to the magenta A/R line again where it finds support.
What do you say now?
On my website you find a free subscription to start learning the Basics of ForkTrading, which stems directly from Action/Reaction, but offers much more room for trading then just plain Action/Reaction.
I appreciate you thumb up and would love to have you on board in our ForkTrading Group soon.
P!
SNAP using Forks the wrong wayIn this chart you see a Fork that seems to work great.
The touches at the lower medianline parallel are perfect...but it's a self-deception if you use the Forks this way!
Don't try to fit the market into your tools, never never!
And why?...because you get faked information, leading to wrong decisions, leading to bad trades and to bad losses.
What you need are the REAL facts.
The real information that your tool is meant to provide you.
Let me show you a real way how to approach this chart with the philosophy of Action/Reraction, the method behind the Forks in my latest TradingView Blog (see link below this post).
Happy new week and as always...learn to earn §8-)
P!
USDNOK - Search, ask and you will find...I had not clue about this chart.
So, I was laying back, squeezed my eyes and let it shine on me (...nope, not smoked anything hehe...).
Then it comes together, peace by peace.
Here's how I approach any new analysis.
- Swings & Pivots
- Identify the trend and the flow
- some support & resistance
- action/reaction & forks
- patterns...as far as I can see them (...because I'm a really bad pattern trader)
- fractals
- anything else (...letting creativity flow)
During this process, I delete the whole paintings a couple times.
So this is like Zen to me and hell, I really love what I do §8-)
Let's see if YOU can make something out of this.
Please do me this little favor and let me know if you go long or short.
P!