Beyond Technical Analysis
What Causes Reversal? - Understanding the LogicHi Traders, here we are back at another workshop on " What Causes Reversal? - Understanding the Logic ". In this video, I will be explaining some of the logic behind the charts, and dive into the basic logic of what really cause reversals to happen, not just by blindly memorizing chart patterns.
1. Extreme Imbalance in Supply & Demand
2. Over-valued OR Under-valued
3. Irrational behaviour
4. Profit-taking
5. Opposition take advantage
Let me know your thoughts in the comments below.
If you enjoy the content, make sure you click the like button and share it with someone who need to read this.
How To Get USD Prices For Any Token (Even DEX's!)A quick explainer showing how to get USD prices for some of the more niche tokens that aren't quoted that way natively by their DEX. Leave a like if this helped you get the right charts!
Cheers ~
YOU CAN ALSO JUST DO: FTMUSD/WFTMTSHARE (for example) and get the same result. I just figured that was harder to explain. Totally doable!
The importance of trading what you seeThe educational videos we release help traders develop specific trading skills.
In todays video we speak about multiple time frame analysis and just how important it is.
In this example we are using xauusd and mapping out key trading levels, chart patterns such as the reversed head and shoulders and the 5m rounding bottom
We hope you learn something valuable in this video, if you do give us a like and follow for more!
The cost of IGNORANCE: personal example, 10k profit vs 9L profitJust this morning, @AVENUESOFINVESTMENT told me of how he found 50 shares of NSE:BAJAJFINSV that he had sold back in 2013. Those shares would have been worth 9L today! We sold it for 30k, with a profit of no more than 15k or so. But if we had held on to them till date (considering that it's an investment), the position would be worth around 9L! This is why it's important to be aware of basic fundamentals and technicals and, more importantly, to be money-minded. Happy trading and investing!
Winning is easy. What matters is what you do when you loseHey traders!
In this video we go over mindset and what matters more than winning in trading, it is how you deal with losers!
We hope this video helps you form an edge in your trading and help give you growth and development, something every trader should seek!
Good luck trading!
I Just Took a Big Proft - What Should I do?Hi Traders, welcome back to another workshop. This topic is often a big question mark within a lot of traders, wondering should they continue trading after getting a jackpot trade? When it comes to this, again, there's no right or wrong. It is all about your plan, mindset, and performance. Below I've summarized the 3 main highlights of this workshop
1. Identify whether it is a good win or bad win
- If a winning trade is within your trading plan, something that you carefully planned and executed, then it is a good win. Because most likely it is something that is repeatable and duplicable, which can contribute a big part to your long-term consistency.
- If a winning trade is not within your trading plan, then often it is categorized as a bad win. You took the trade based on impulsive behaviour, you jumped into the chart just start taking blind trades. Yes, it is still a winning trade, but as a professional trader we do not determine the quality of a trade based on the outcome. It all depends on the execution of the strategy and the quality of the setup itself. You can have the best setup where everything aligns but still lose money. Think about it.
2. Do a mindset checking - "Is my mindset still clear?"
- Is your mindset still at at peak? If the answer is yes, then feel free to continue trading, because who knows it could be one of those good months?
- But if the answer is no, then probably you should take a step back. You can either trade less size to track your performance or you could perhaps stop trading and focus on something else, then come back stronger.
3. Set a drawdown limit (Very important)
- Always pay yourself first. Active trading is still considered a job. I understand the importance of compounding, but always take a small portion of the money and pay yourself first, then continue growing your account.
- By setting a drawdown limit, it calms your mind as you secured portion of the profits. It always avoid you from performing poorly due to a different mindset approach then eventually give back all of them back to the markets.
Let me know your thoughts in the comments below.
If you enjoy the content, make sure you click the like button and share it with someone who need to read this.
How to Spot & Trade Falling Wedge Pattern | Price Action 🤓
Hey traders,
In this video, I will teach you how to trade a falling wedge pattern.
I will share with you my rules on how to identify the pattern,
how to read it correctly, how to select the target & entry levels
and how to set a safe stop loss.
We will discuss a theory and real market examples.
❤️Please, support this video with like and comment!❤️
Stopped Out - Is It Okay To Re-Enter?Hi Traders, welcome back to another workshop. I believe this is a very common struggle within our community as a Trader. Often when you take a loss on a particular setup, the urge of getting back into the market is intense, and that's human psychology.
Do you realized how focused and how biased you are when you are hunting for a specific setup?
- Get stopped out once, you'd still take it because it doesn't do any damage to your account
- Get stopped out twice, you'd still arguably take it because you allow yourself for a re-entry
- Get stopped out thrice, now your emotion is taking over your rational behaviour. Now all you're focusing is either "How can i make my money back?!" or "I MUST be correct" or "This cannot be ..."
Familiar?
Remember, trading is not so much about Yes or No. It's all about measuring the Risk-to-Reward VS Probability of Success. If a setup is so valuable that you cannot afford to miss it (assume it passed through your trade evaluation process), feel free to take it again and again. But if you're trading the P&L, then i'd suggest you to only allow yourself a maximum of 2 chance entries, meaning that if you're getting stopped out twice in a row in a similar setup, you should probably get some rest or trade the other markets.
Most of the time, when a trader gets stop out multiple times in a row trading a similar setup, the emotion kicks in. Now their trading lens is no longer focusing on finding the best setups, but rather 'this must be it'. That's also how the over-trading and revenge trading behaviour pops out.
Let me know your thoughts below.
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How To Trade GapsIn 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!!
How Many Shares Should You Buy? Position Sizing GuideIn this video I go over 3 different position sizing methods you can use to work out how many shares to buy.
Risk management is often overlooked but it's very important to keep a consistent level of risk across all of your trades so that one trade can't blow your account up and you can remove the emotion from your trading when deciding how many shares to buy so you don't get caught up in the moment and put on a trade too big for your account.
Here are 3 examples of different position sizing methods;
POSITION SIZING #1:
- Equal Weighted Position Sizing
With this method we want all positions we open to have the same value, for example on a $10,000 account if we choose 10% position sizing, that would be $1,000 target per position. To work this out simply divide $1,000 / current stock price = shares to buy. For example on $AMC with a current stock price of $33.94 that would be 29 shares (1000 / 33.94).
POSITION SIZING #2:
- Stop Based Position Sizing
With this method we want all positions to risk the same $ amount if the trade hits our stop loss, for example on a $10,000 account a good level of risk per trade is 2%, so that would be $200. To work this out simply divide the target $ risk / size of your stop = shares to buy. For example on $AMC with a stop loss of $5.04 that would be 39 shares (200 / 5.04).
POSITION SIZING #3:
- ATR Based Position Sizing
With this method we want all positions to risk the Average True Range (ATR) * 2, for example on a $10,000 account with a target risk per trade of 2%, that would be $200. To work this out simply divide the target $ risk / ATR * 2 = shares to buy. For example on $AMC with a ATR of 2.92 that would be 34 shares (200 / 2.92 * 2).
At the end of the day it's important to find a method that suits you and your trading strategy that you can stick to consistently.
Trading strategies, Part 1: First stepsWelcome to a series of videos called Trading Strategies. In the next couple of weeks, we'll talk about different strategies one can use to maximize gains: Market psychology, trading tools, trading styles, technical analysis.
Today, the first steps:
1- Defining who you are: Are you an investor or a trader
2- Educating yourself: Knowledge is the best tool someone can have on the market
3- You can't win all the time
4- Don't be greedy
Stay tuned for more content
How To Use Risk:Reward Like A ProWhatsup my friends
In this video I will be covering my risk:reward model and how I can use it to generate an edge in the market.
In this specific backtesting session, I used 0.5:2 risk:reward with TP at 4RR for every trade.
I got pretty good results - but remember this is simulated and it's easier to perform better.
However, don't take this type of training lightly - this is the best way to improve as a trader.
The next step would be to actually start journaling your trades and analyzing everything at a deeper level.
I hope you enjoyed this!
Cheers
Dil
How To Spot Divergence Without IndicatorsHey y'all… The highly requested—Is here.
Most of us love the idea of a bare chart… but can't seem to let go of the values—by indicators.
One of the most important signals in—Nasdaq100 are divergence.
Pfft… So, I thought… Why not make it easy?
This is my own theory—So… you might not get it on YouTube or books.
I figured this out with experience. Use it wisely; Thank me later.
Cheers,
Lazyluchi
Trade Entries VS Trade Exits - Do you still make these mistakes?Hi Traders, welcome back to another workshop. In today's workshop, I will be discussing the importance of taking of both Trade Entries and Trade Exits.
Most traders put way too much attention into spotting the specific entry level. But the truth is, closing out a good position at the right time and at the right price make you money. You can have the best strategy and best entry, but if you don't know how to exit, you'd still end up losing money.
Why majority focus so much on trade entries?
Simply because the feeling of catching tops & bottoms give them a sense of gratification and achievement.
Trading isn't about feeling good, it certainly isn't about ego. It's all about how can you organize your mind to control its performance, so you're consistently extracting profits from the markets, by doing the right thing.
Stop aiming for profits, start focusing on the process.
Do the right thing. Again, and again. That's how you make money from whatever you're doing in life.
Comment down below what's your best and worst positions.
Share with anyone you think he/she should be watching this.
How To Achieve Your Personal Success - VisionHi Traders. This workshop is something untypical, not really trading-related but more on life story in general. In this sharing, I'll be discussing why starting from zero is always the toughest.
Trading, investing, and entrepreneurship in general tend to beat you up in the beginning when you first started. Everyone's fueled with passion and motivation in the beginning, most people give up in between. Ultimately, those who can withstand challenges and defeats will stand up firm and stronger. People who will succeed in life are those who are determined, persevere, and with ever-growing passion.
For whatever challenges you're facing right now, remind yourself that it will not last forever. A bright shiny day comes after the rain, keep paddling.
"Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time."
Comment down below what's your goals, and challenges you're currently facing. Share with anyone who need to watch this.
Price Psychology what happening with in priceThis is meant to serve as a training guide into understanding how chart patterns are ultimately formed via prices bought and sold.
This is where the focus of this video is. We are always wanting to know rather than the pattern that is forming, the prices that are
being bought and sold on the chart.
For this we use Quarters Theory, The segmenting on the chart into equal slices to understand where prices are at and where they could go.
On my highest timeframe I like to stick to 1000 pip sections the value of these sections changes this system is universal and can be used on any asset for ease of understanding it was preformed on a stock chart.
Within 1000 pips we have four sections
Four $100 zones
Four $50 zones
Sixteen: $25 zones
On a monthly chart we focus on 1000 pip sections, on a weekly is 100 and on a daily its 10.
Segmenting the char in this nature allows for an understanding of how price has reacted on different time frames based up the price or zone that it is in. From this point of view we may then begin to see recognizably patterns happening at specific prices that would be attributed to bar chart or price action patterns.
Weekly Range Break DownHello Traders!
This video explains how these markets move on a week to week basis and day to day basis.
SUNDAY OPENING PRICE is something every trader should keep on their charts.
It will help fine tune which side of the market you should be on when bullish or bearish.
I give 4 examples, 2 bullish and 2 bearish. All example shown are also from the same trading week.
The Dollar is sessionally bullish in November that alone should signal to a trader that other currencies are most likely bearish for November. Do your due diligence look up your sessionally tendencies for each forex currency.
Key take ways:
Sunday opening price is where the algorithm is making its new overbought and oversold levels.
Anything above the S.O.P line is Premium. Premium is also known as overbought.
Anything below the S.O.P line is Discount. Discount is also known as oversold.
If you are bullish you are looking to buy below S.O.P
if you are bearish you are looking to sell above S.O.P
The fake move above or below SOP is referred too as the Judas Swing, which I learned from ICT.
Crypto Explainer - What is Cardano (ADA)?Cardano emerged back in 2015 and presents today a strong contender in the smart-contract arena. Similar to Ethereum, developers can create smart-contracts for their DApps. On the other hand, Cardano is highly scalable, and is able to process more than 250 transactions per second, versus Ethereum that currently does around 15 only!
This solves the major obstacles and backlashes that many cryptocurrencies faced: Eco-friendliness and scalability.
Invest responsibly, and always do your own research.
Cheers!
CT Team
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