A quick rundown of my perspective on analysis and also the execution side of trading, specifically money management and how emotions can impact your profitability more than you realise.
⭐ ZOOM OUT 1️⃣ When preparing to take a trade, it is better to take a broad look at the charts. 2️⃣ Taking into account the higher time frame charts, makes you see the bigger picture of the market structure and have a better bias. 3️⃣ Analysis carried out on the daily (1D) and four hour (4H) gives you "stronger entries" and reduces the chances of having false...
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. ...
Investors should use basic Technical Analysis for powerful decision making. I see it as a challenge to demonstrate how useful knowledge of one simple pattern can be to identify price reversals. Recognizing this pattern and acting on it will save much money and headache! Both traders and investors need to be on guard for false breakout reversals. Seeing this...
Everyone always asks when they start out "which pairs should I choose to trade with" as there is a long list of currencies. So let's break it down: 1. The currency market is the most liquid market place in the world, but that's not the case with ALL currencies. In fact, the US Dollar is involved in around 90% of all trades that occur in the market and therefore...
I bet nobody of you looked at 23 hour chart of EUR or GBP. But this is the chart that will reveal some secrets to you as a trader. Take a better look at it. I have no logical explanation to this but its robotic nature is effective in forecasting impulsive price moves. You can use RSI with 23 hours chart. I find it esp useful as it is using closing prices, which...
Hey Guys! Here's a simple explanation of Price Action Trading! In its very essence, Price Action Trading is about letting price tell you where it's headed in the future. No indicators or fundamental analysis. Just price alone will do. But in order to know what price is telling you, you must first learn "how to read price". Think of this as a language. Just like...
Hi! Most commonly used and popularized position sizing method is percent equity model i.e. trader should never risk more than certain percent of trading capital on a single trade. Quite often this number is 2%. This can be anything - within trading there is no right or wrong answers. It all depends from different factors: *Goals *Risk tolerance *Account size...
Today I will share a template that may be really helpful to understand some key concepts: First concept: Only look for setups IF the price has reached a major level. In this example, we can see a bearish movement that has reached a weekly level. Why is this relevant? Because if we are working with relevant levels that had worked in the past, we increase the...
Happy New Year to everybody. Here is my roadmap for financial year 2022. It is simplified version but generally it says everything about what to do. Plan: Everything starts from the plan. It is very hard to navigate financial markets without it. As markets move constantly it's very easy to get lost or become controlled by emotions (fear and greed for...
WHAT ARE PSYCHOLOGICAL LEVELS AND HOW DO THEY WORK? Psychological levels are market price levels which are often key levels in forex denoted by round numbers. These round numbers frequently act as levels of support and/or resistance. Psychological support and resistance consistently work because of fundamental human disposition. Human beings value simplicity;...
Hello everyone, Let's look at few of my favorite chart patterns that I use from day to day in my trading and analyses. These patterns appears in almost every asset, instrument and currency pairs in the financial market and stock market. Forex chart patterns are on-chart price action patterns that have a higher than average probability of follow-through in a...
I tried to show you in this example how price was manipulated on a intra-week basis, taking liquidity aka sell stop losses above weekly high and then reverse, to understand why there is manipulation just take a look at the volumes of the candles huge momentum after taking the buy side liquidity. Try to understand the liquidity, if you dont see it you are it.
Hi! I wanted to share this post about similarities between baseball and investing/trading. Gentleman on the left side of the picture is Ted Williams, the legendary Red Sox left fielder. He batted .406 back in 1941 (since then he has been last player to bat above .400). I am from Europe and baseball is not popular here but it is a good sport to compare with...
Learn how to trade when the market is trending use Headphone
In this video I cover how you can trade using gaps on the DXY. Since you cannot trade the DXY directly, you can trade usd cross pairs. In specific, EURUSD. EURUSD and DXY have a high inverse correlation. Therefore when 1 is going up, the other is going down.. and vice versa. I hope you enjoy this video! Hit that thumbs up button!!
Flats are uncommonly traded correction patterns on the Elliott Waves Traders Communities. I go over The in and outs of the flat correction. Wave A is a correction, wave B is a correction, and wave C is a motive wave.