I am going to reveal a powerful fibonacci trading strategy that I learned many years ago. It combines structure analysis, fibonacci retracement and extension levels and candlestick analysis.
Step 1
Find a trending market - the market that is trading in a bullish or in a bearish trend on a daily time frame.
AUDUSD is trading in a bullish trend on a...
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We analyze charts in a variety of ways to determine trends.
I think the important thing is how to create a trading strategy using these analysis methods, not whether you can match the trend or...
You need to stop wasting precious time.
I have had members who’ve been with me for 15 years and haven’t even taken a trade.
I have written this article in a way that you can relate to the problems with traders wasting time.
Ready?
#1. Wait for Inspiration
Trader A: “I just can’t trade today. I’m waiting for that magical moment when inspiration strikes!”...
Introduction to Pivot Points:
A pivot point serves as a pivotal indicator in technical analysis, aiding in discerning market trends across various time frames. Essentially, it's an average of the intraday high, low, and closing prices from the previous trading day.
Traders interpret trading above the pivot point as indicative of bullish sentiment and below as...
We’ve all had this moment.
Where we stare at our screens, scratching our heads, wondering a bunch of stuff.
Why is this so slow?
Why can’t I press the button
Where am I going wrong?
We’ve chased trends, hesitated when we should have acted, and let our emotions play puppeteer with our portfolios.
Today is the turning point.
For you!
It’s time to say…
“I’m...
To trade well is nothing more than a calculated dance on the trading floor.
You need to navigate the volatile seas of markets and understand the essential elements of a trade.
And whether you’re a newbie or the MOST experienced trader out there, you need to adopt the same quintessential factors with your trading.
And that is, the elements that make a...
Today, we’ll start with what Fibonacci is and how to use it to spot significant market turning points.
Let’s start with...
A short story about Fibonacci
In 13th century Italy, lived a man named Leonardo Pisano – one of the greatest mathematicians of all time.
Leonardo (also known as Fibonacci), learnt all about Arabic and Indian mathematics during his...
You can learn a lot from the classic board game we all know and love: Monopoly.
And as a trader, if you decide to play it again with your spouse or children – you’ll find the game to be very different.
That’s because you have a better sense of risk, reward, probabilities and money management.
You have the patience to grow a sizeable portfolio and eventually...
Simple Trading Strategy - Generate your own take profit targets.
Today we're going to share with you a simple yet effective trading strategy that can be used on any instrument. Like any other trading strategy its not 100%, but, you can see from that illustration how effective it can be in keeping you in the right direction on a pair. You can add Moving averages...
REMEMBER
No matter what stock, index, Forex or other markets you’re trading, every trader needs 5 protection levels.
Stop loss to stop yourself from furthering losses
Time stop loss to get you out of non-performing trades
Adjusted stop loss to lock in profits when the market moves in your favour.
Risk % per trade to only lose a certain amount of...
Q. "I heard that there is a phenomena called “Lazy February”. Could you explain why it’s called that and what I should watch out for as a trader?”
A. I have not heard that term in eons! Here’s my 10 cents on how Lazy February got this name.
Short month effect
February is the shortest month of the year.
And because so much happens in February, many investors...
A. Remember when it comes to interest rate cuts it means the following:
Stimulates economic growth
This makes borrowing cheaper as interest rates are lower.
And it encourages more spending and investments by individuals and businesses.
Boosts buying from consumers
Also, with low interest rates it entices people to buy more.
And this is because the cost of...
WHAT IS AN ODD LOT OFFER?
An odd-lot offer is a financial transaction.
It is where a company offers to buy back small quantities of its shares from shareholders who hold fewer shares than the typical trading unit.
Usually it’s under 100 shares.
In the context of stock markets, an “odd lot” refers to a number of shares that is less than the standard trading...
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If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
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(1W chart)
Usually, the way to draw a trend line is to connect the high point and the high point where the trend changes, or to connect the low point and the low point to display the trend line.
Then,...
It’s been a very tough year for swing traders.
Go long the market drops. Go short the market rallies.
Don’t do anything and you save from the burn.
But in the bigger scheme of things, it looks like we are in an accumulation phase.
The accumulation phase is a period in which smart money (informed and experienced traders or institutional investors) is believed...
Forex trading success hinges on a well-defined strategy, as it sets a clear direction and methodology, whether it be scalping, day trading, or another approach. Key to this is understanding the market conditions under which your strategy thrives, as different strategies perform variably across market environments. Employing technical indicators is crucial in...
Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
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Basic trading method
(How to purchase)
1. Aggressive buying when falling by more than -10%
2-1. Buy when there is an upward trend on the 1D chart (when the price is maintained above the MS-Signal...
While charts, trends, risk and reward are our daily companions.
Let’s not forget that life’s full of exciting opportunities beyond the trading desk.
We are human at the end of the day.
And you also need to consider extra elements that will help you propel towards success.
Let’s get into the 5 Non trading activities you need to act on.
Healthy Lifestyle:...
