Hello everybody! Today I want to discuss with you a question concerning risk management – Is it possible to set a stop loss more than a take profit? History says… Historically, traders have a rule according to which a stop loss should not be more than a take profit. There is a logic in this, if you receive more losses than profits, sooner or later your...
Hello everyone Today I want to share with you a figure of technical analysis called the TRIPLE TOP. This figure occurs quite often and brings excellent profit. What does it look like? The figure looks like three maxima, approximately at the same level. These peaks are formed because the buyers' forces are drying up and with each new peak, the bears are getting...
1) Use higher timeframes to determine the trend. Look for the entry point on smaller timeframes. 3) "Zone shift" is a price movement designed to accumulate and preserve volumes. In this phase, it is worth looking for entry points. 4) "Stop hunting" usually consists of three movements that occur in a short time. The minimum of the day serves as a signal point...
Hello everyone! I want to tell you a little about such figures as Flag and Pennant. These patterns are quite common on the chart, so every trader should know how to trade them. What does the flag look like? After a strong movement (flagpole), the price begins to correct in the form of a rectangle, which corrects against the previous trend (flag). What does a...
There is probably no more famous figure than the HEAD AND SHOULDERS. Head and shoulders - gives a very profitable signal about the market reversal. Thanks to this figure, you will be able to open a position at the beginning of a new trend. What does it look like? The appearance of the Head and shoulders figure consists of five stages: 1. Uptrend; 2. Left...
Triangles are very often found on the chart, but not everyone knows how to trade them. Today we will try to learn how to trade triangles correctly. What does it look like? The ascending and descending triangle have two sides: one side is flat and horizontal, the second is inclined and moves towards the first. The ascending triangle has an upper flat horizontal...
Strange as it may seem, but not only bulls and bears can be found on the market, but also a couple of cats and even a bat! But don't be afraid, these animals have come to help you get rich in the new year. Let's go! The Bat pattern. The bat is a 5-point pattern that can indicate a bullish or bearish breakout. What does it look like? The pattern consists of...
Hello everyone. Today we will discuss a very important topic - trading after the breakdown of the level. As it turned out, not everyone knows how to trade correctly in such market situations, so let's start learning. Trend Trend is our friend! Everyone knows this expression, but do not forget that the trend will end sooner or later and the price will go in a...
One of the most popular figures of technical analysis among day traders is a cup with a handle. This figure is so popular due to its fairly clear and specific rules, in addition, the figure gives an excellent risk/profit ratio. How to identify the model? The formation of the model is divided into 4 stages: 1. The price has been rising for some time; 2. After...
During the existence of the market, a large number of technical analysis figures have been found. They all work with varying degrees of accuracy. Such a large number of patterns can confuse anyone, especially a beginner. Today we will look at just two models that are quite common and, with proper trading, can bring you big profits. Both models are united by one...
Today we will consider a frequently occurring formation that can bring you big profits. Beginning It all starts after breaking through the resistance line of the lateral movement. Lateral movement is nothing but the accumulation of force for subsequent takeoff. Upward movement After the breakdown, the price goes up, creating new highs, correcting from time...
The forex market operates 24 hours from Monday to Friday and is divided into three trading sessions: Tokyo Session ( Asian ) London Session ( European ) New York Session ( American ) Each session has its own characteristics and its own time, in addition, at certain times the sessions overlap each other. Let's take a closer look at the sessions. Asian...
The market is volatile and very unpredictable, it is impossible to constantly correctly guess the future direction of the market, and in order not to lose everything in one transaction, a stop loss was invented. Stop loss, like the trend, is our friend. Without a stop-loss strategy, there can be no profitable trading strategy. The ability to correctly find the...
Hello to all! Throughout the history of the forex market, several types of strategies related to the trading interval have been invented. Strategies have differences in the time of holding a position, and each trader must choose the type of strategy that suits him. SCALPING Scalping is a well-known style of short-term trading, using technical analysis....
Hello everybody! Professionals have been aware of correlation for a long time and use it profitably. The essence of correlation is not difficult to understand and using it in trading can significantly increase your profit. Correlation coefficient of currency pairs – what is it? Correlation is a statistical relationship between two or more random variables. ...
Today I want to touch on a very important topic - account drawdown. Every trader will face this problem sooner or later, because losses in the forex market are inevitable. And if a professional knows what to do and has experience dealing with such a problem, then beginners often get lost when faced with a drawdown, which leads to even greater losses. What is...
Hello traders! Today we will talk about WHAT should be in the trading plan of any self-respecting trader. Many, as it turned out, do not know the basic principles of building a trading plan. This article will help beginners understand WHAT should be added to their trading arsenal. 1. Timeframe. The first stage of drawing up a trading plan is to determine the...
One of the main topics, and perhaps the most important, is the topic of risk management and risk reward. Beginners often do not take this topic seriously, trying to hit the jackpot in every transaction, risking all or almost all of the capital and not realizing what the consequences of such actions may be. Whatever trading style you use, whether it's day trading...