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Beyond Technical Analysis

LIVE ACCOUNT or PROP FIRM? A Comprehensive GuideIn this video I discuss the pros and cons of trading with a Live Account or with a Prop Firm Account. Hopefully, this will give you a better idea on what would be more ideal for your situation and style of trading. The FIVE factors I will talk about are: 1. Account Ownership 2. Regulations 3. Profit Potential 4. Financial Risk 5. Trading Rules At the end of the day, as a trader you should ALWAYS manage your money and your risk. Every choice you make is a trade. When you go to work, you trade your time for money. When you drink a bottle of coca cola you trade your health for quick gratification. Everything is a trade. If you go with a prop firm, treat it with the same respect as a live account. If you trade with a live account with a small balance, treat it like it is a large balance. Your wealth is a consequence of who you are as a person and how you live your life. Trade smart, trade safe! - R2F
Education
by Road_2_Funded
Mastering HTF Analysis: DXY & EURUSD Weekly to Monthly Forecast!Greetings, traders, and welcome back to today's video! In this session, we'll be conducting a higher timeframe outlook on the DXY and EURUSD. Our goal is to understand what we can anticipate in this week's and this month's trading sessions. This video will also provide insight into how I approach my trading, focusing on different logs for various aspects of my analysis: Higher Timeframe Analysis : Monthly, weekly, and daily analysis conducted at the beginning of each week. (Primary Focus In Todays Video) Interest Rate Logs: Tracking changes and impacts of interest rates. Intraday Trading Layouts: Used daily to keep my charts organized and clutter-free. Analyzing these layouts separately at different times helps me stay organized and maintain a clear perspective. Let's discuss the market structure. Markets are driven by smart money, also known as the banks. They are the liquidity providers, while we are the spectators. Central banks own the currencies and set their trading values. Understanding that markets are liquidity-based—it's us against the banks—we see that banks move prices toward liquidity to pair and book against it. So, where does the most liquidity reside? The higher timeframes. The higher the timeframe, the larger the sponsorship. That's why we'll be analyzing the higher timeframes today to gain a strategic edge. Let's dive into the charts and uncover these crucial insights together. Premium & Discount Price Delivery in Institutional Trading: If you have any questions, please leave them in the comments section below. Happy Trading, The_Architect
by The_Archi-tect
Tesla7.8.241 of my students asked me if you could short Tesla... and my answer was you don't want to short it right now. I know a lot of Traders would take that short and we may find out in the next day or two that that would have been a fantastic trade to Short. but there were no sellers when he asked about shorting the market and that presents a problem fo..r me because I want to see some buyers not know buyers or I can't short the market... and the tools I use for that reversal are 2 bar reversals and if I want to short it I want to 2 bar reversal that goes lower but if I want to go long I wait for 2 bar reversal to go higher..... I always or almost always with some exceptions wait for the 2 bar reversal in the direction I want to trade. I don't know if it should be called the 2 bar reversal.... I don't know what other people do or how they look at the market when I'm looking at a toolbar reversal..... I threw all my books away every year I'd have a whole batch of trading books and I would take him to the nearby library when it was closed and I would dump pounds and pounds of books into the bin outside the library because if I went inside the Library they wouldn't take my books because I had too many..... I don't like throwing books away so I gave it to the library in case they use some of them for people who are looking to trade the markets. I know the 2 bar reversals work. I know that the market can provide a 2-bar reversal to go lower and in another few hours it can reverse and have a 2 bar reversal going higher..... and some people might say that's a waste of time... but if you understand the context of a market that's oversold or the concept of gaps that are being filled or not being filled and then you add a few other indicators like using 382 we're looking at Fibonacci extensions and understanding support and resistance and understanding expansion and contraction of markets two by reversals are very effective and a lot of the problems you could have with 2 bar reversals aren't problems if you understand how markets move, and all you need to do is draw some simple lines and be patient and you'll find the trade.
NASDAQ:TSLA
by ScottBogatin
SOLUSDTUnderstanding the Head and Shoulders Pattern in SOL/USDT What is the Head and Shoulders Pattern? The head and shoulders pattern is a classic technical analysis formation that signals a potential reversal in the trend. It consists of three peaks: a higher peak (the head) between two lower peaks (the shoulders). This pattern is often used by traders to predict a shift from a bullish to a bearish trend. Breakdown of the Pattern Left Shoulder: The price rises to a peak and then declines. Head: The price rises again to a higher peak, forming the head, and then declines once more. Right Shoulder: The price rises once more but to a peak similar to the first peak and then declines again. The neckline, drawn by connecting the lowest points of the two troughs, is a crucial support level. Once the price breaks below this neckline, it confirms the pattern and suggests a potential bearish move. Current Situation in SOL/USDT Solana (SOL) has recently completed a head and shoulders pattern and has broken below the neckline. This indicates a potential bearish trend reversal, making it an interesting short trade opportunity. Expected Returns If the head and shoulders pattern fulfills, traders could expect about an 8.35% return on this short trade. This return is calculated based on the height of the pattern from the head to the neckline, projected downward from the point of the breakout. Technical Analysis Insights Inverse Head and Shoulders Pattern: For context, the inverse head and shoulders pattern is the opposite and signals a bullish reversal. Currently, SOL's formation is a standard head and shoulders, indicating a bearish outlook 2. Support and Resistance: Key resistance levels are around $150.77 - $158.89, with significant support around $118.69 - $120.00 2. Risk Management Risk management is crucial in trading. Always use a stop-loss to limit potential losses. For this trade, setting a stop-loss slightly above the neckline can help manage risks effectively. Conclusion The head and shoulders pattern in SOL/USDT suggests a possible bearish trend with an 8.35% return on a short trade. As always, conduct your own research and consider your risk tolerance before making any trading decisions. Further Reading Technical Analysis Basics: For those new to technical analysis, understanding the basics can provide a solid foundation. Risk Management Strategies: Implementing effective risk management can help protect your capital in volatile markets. By understanding and utilizing these patterns and strategies, traders can better navigate the complexities of the cryptocurrency market. Note: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research before making any trading decisions.
Short
by XTradeSetup
1
daily analysis for nifty 08/07/24This is my personal opinion and is only for educational purposes. Please consult your financial advisor before making any decision. Stock Market investments are subject to market risk. Please read the offer documents carefully before investing. Past performances are no guarantee of future returns. This video is solely for educational purposes only and to provide information and is not intended to give any advice. Information shared is personal opinions only. Wherever any stock or mutual fund name is mentioned, this is only for educational and informational purposes. Share market and investment can be risky, please take professional advice before making any decision.
NSE:NIFTY
by visharma1199
ICT Breaker & Mitigation Blocks EXPLAINEDToday, we’re diving into two powerful concepts from ICT’s toolkit that can give you an edge in your trading: Breaker Blocks and Mitigation Blocks. There are one of my favourite PD Arrays to trade, especially the Breaker Block. I’m going to explain how I interpret them and how I incorporate them into my trading. Stay tuned all the way to the end because I’m going to drop some gold nuggets along the way" Ok, so first of all let’s go through what both these PD Arrays look like and what differentiates them, because they are relatively similar and how they are used is practically the same. On the left we have a Breaker Block and on the right a Mitigation Block. They both are reversal profiles on the timeframe you are seeing them on, and they both break market structure as you can see here. The actual zone to take trade from, or even an entry from, in the instance of this bearish example is the nearest down candle or series of down candles after price makes a lower low. When price pulls back to this area, one could plan or take a trade. The defining difference is that a Breaker raids liquidity on its respective timeframes by making a higher high or lower low before reversing, whilst a Mitigation Block does not do that. For this reason, a Breaker is always a higher probability PD Array to trade off from. As you should know by now if you are already learning about PD Arrays such as these is that the market moves from one area to liquidity to another. If you don’t even know what liquidity is, stop this video and educate yourself about that first or you will just be doing yourself a disservice. Alright, so let’s go see some real examples on the chart. Later on I’ll give you a simple mechanical way to trade them, as well as a the discretionary approach which I use. And of course, some tips on how to increase the probability of your setups.
Education
by Road_2_Funded
Price Action Fluency As A Second Language: Part TwoPlease watch my previously posted part one video to grasp the fundamentals. Now, let's dive into part two. Price action fluency involves more than just technical knowledge—it requires a deep understanding of your psychological behavioral responses. Your brain will have it as its prime objective to avoid pain. It will send signals to the eyes to ignore setups that don't perfectly align. Your eyes will only see what they want to see. It is essential to train your eyes to recognize every failed setup. To observe every detail of each area, and identify every possible entry point for both directions. Leave no aspect overlooked. The goal is for your brain to understand every nuance of price action intuitively and objectively. Just like when you read a book in a language you're fluent in, your brain doesn’t pause at every letter to decipher vowels, consonants, word meanings, or sentence structures. Instead, it processes a vast amount of information naturally and seamlessly. It doesn't skip letters or words out of fear; it treats every part of the language equally and objectively. Objectivity is purity. Objectivity is clarity. Objectivity is mastery.
KRAKEN:BTCUSDEducation
by EsotericTrading
1
Bitcoin at a Critical Level: What Investors Need to KnowBitcoin ( BITSTAMP:BTCUSD ) is currently at a crucial juncture. The 3-month chart suggests that if Bitcoin drops below the $50,000 level before moving above $70,000, we could see further downside, potentially to the $40,000 - $35,000 range. Election Impact This potential scenario might coincide with the upcoming election, which could have a significant impact on market sentiment and liquidity. Political events often introduce volatility and uncertainty, affecting investor confidence and market stability. Investment and Trading Strategy For investors, a potential dip to the $40,000 - $35,000 range presents a buying opportunity. However, traders should consider hedging their positions to profit in case of further declines. This approach can help manage risks and take advantage of market fluctuations. Long-term Outlook Over the next 6 to 8 months, these market dynamics could lead to increased buy-side liquidity and higher prices. This period of stabilization might create a more favorable environment for Bitcoin and other cryptocurrencies. Conclusion While the short-term may bring challenges, particularly due to the election, the long-term outlook remains positive. Investors and traders should prepare for potential short-term declines but remain optimistic about increased liquidity and higher market prices in the future.
BITSTAMP:BTCUSD
by moneymagnateash
BitcoinJuly 5th I spent a lot of time on bitcoin because I made a projection 2 days ago that the market was going to have a reversal and go higher. I was fairly sure that that was going to happen. I needed to wait for the next day and in the first 2 hours the market started going higher. however, after 2.5 hours It reversed and started to make a new law... so if I had taken the long trade I would have lost $500. if I took no other trades it would be a losing day. if I had been a stop and reverse traitor I might have been able to trade for $3000 lower..... or I could have waited for the market to go to the support area and trade it 2 or $3000 higher. if you were reading this you should take time to open the chart.... your own chart and work out these numbers.... it's very important. it doesn't matter if you're not a stop and reverse Trader or you never short.... but you want to know what it looks like and how to evaluate reversal patterns and stop and reverse patterns.... it will teach you to think in terms of buyers and sellers and how to look for reasonable targets.... and that type of thinking will help you be more accurate on how markets move.
BITSTAMP:BTCUSD
by ScottBogatin
1