This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Understanding the various order types in forex trading is essential for navigating the market efficiently and executing trades effectively. Here's a concise overview of some common order types: 1. Market Order: This order is executed immediately at the current...
Hello Traders, here we go again! Let me cover a little bit more on the next topic in this mini series, the various currencies that are involved and a little descriptions about them! Let's begin! In the vast realm of forex trading, understanding the intricacies of currency pairs is fundamental to success. As a Full-time forex trader with years of live experience,...
Hi everyone! As you all should know by now, I mainly use smart-money concepts to enter into my trades. Today I will be talking about the concept of liquidity and how to capitalise on it. Looking at the graph, there are 4 main types of liquidity that I use and as stated in the chart, I will normally look for entries off the liquidity grab zones or liquidity...
A simple way to trade EUR/USD is by taking advantage of its tendency to retest the 200-period moving average on the hourly chart. To do this, wait for the currency pair to move away significantly from the 200-period moving average and show signs of overbought or oversold conditions with two peaks or troughs, along with divergence. This presents an opportunity to...
December statistically the weakest month for the US Dollar, a statistic since 2000 against the EUR/USD. Relative to statistics, December is the month in which EUR/USD gains the most. The average EUR/USD increase for the month is over 1.58%. This year there is a really good chance that the rule could be confirmed. December statistically the weakest month for...
Today we will go through a simple trading lesson, but an effective one. The example I will be using today in terms of timeframes is mainly focused on Swing Traders; however, these principles remain valid for any timeframe because of the fractal characteristic of the market. Also, this will be a bullish example, but the same principles apply to bearish examples. ...
In the next following days I am going to work on a full education course designed for understanding the fundamentals behind Forex market and at the same time showing how it can be used for days trading using fundamental news strategy. Our first lesson : U.S. ISM Manufacturing Purchasing Managers Index (PMI) Understanding the ISM Manufacturing PMI and...
As you see, yearly open (usually its the same as yearly close) is crucial for determining the price bias during the year. For euro to continue bullish, it needs to close ABOVE yearly open on weekly. But even if it does, there will be struggle at this level. Then, as you see, yearly pivots usually serve as yearly tops and bottoms. We saw price reversal at yearly...
Hi traders, wish you a happy and prosperous New Year. In the last EDU post, we touched on the main factors that move currencies in the short, medium, and long run. Professional traders follow these influences to determine what currencies to buy and sell. However, each trader has its own time horizon, so following long-term market determinants if you want to hold...
EDU 3 of 20: What Moves the Forex Market? Hello traders! First of all, I wish you a merry Christmas and a happy holiday season. Now that markets are closed and liquidity is thin, we have got some time to learn more about what it takes to become a successful Forex trader. In the last educational post (2 of 20), we have covered why you shouldn’t rely only on...
Happy Thursday traders! It’s time to continue with our Educational Series on how to become a successful trader with a professional trading approach. It's holiday season, and closed markets mean more time to sharpen our trading skills! Let's go... In the last post, we touched on the main ingredients of a successful trader (check the link to "related idea"). Let’s...
EDU 1: What Does It Take to Become a Profitable Trader? Hello traders. With this post, I am starting an educational series on TradingView unlike any other. We’ll go through all the aspects and nuances of becoming a professional, consistently profitable, and successful trader. Now, those are big words. You have likely heard them from various other sources that...
(Bullish) Scenario 1: Stabilization above 1.19 (Range) Scenario 2: Neutral between 1.1895 and 1.1725 (Bearish) Third scenario: stabilization below the price of 1.1685
An alternative way of assessing currency flow is the ratio between the ETFs of each currency. For example, the EZU that gives exposure to a developed market countries using the Euro currency, divided by IVV that gives exposure to large, established U.S. companies. The direction of this ratio shows us whether companies in one country (or region) are growing faster...
Hi Last week OANDA:EURUSD didn't move in our specified direction This week we have to possibilities First: from this point EU might ho up to resistance which is at 1.12411 Second: from this point EU might go down to Support trendline and then bounce back to resistance at 1.12411