💡Ascending Triangle in GBPNZD- "Learn More Earn More" With USAscending Triangle Definition:
An ascending triangle is a type of triangle chart pattern that occurs
when there is a resistance level and a slope of higher lows .
It is defined by two lines:
. A horizontal resistance line running through peaks.
. An uptrend line drawn through the bottoms.
The higher lows indicate more buyers are gradually entering the market
and buying pressure increases as price consolidates moving further towards the apex.
An ascending triangle is classified as a continuation chart pattern .
If price can break through the resistance level, that level will now act as a support level.
Breakouts can also happen in both directions. Statistically,
upward breakouts are more likely to occur, but downward ones seem to be more reliable.
In most cases, the buyers will win this battle and the price will break out past the resistance.But Sometimes the resistance level is too strong, and there is simply not enough buying power to push it through. Therefore you should be ready for movement in EITHER direction.
ENTRY:
We would set an entry order above the resistance line and below the slope of the higher lows .
TARGET:
Target is approximately the same distance as the height of the triangle formation.
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Educational
Forward into the past!Let's start from the beginning!!!
Every day I get a lot of messages from the newbies from ower the world with the same problem... "I have opened a trade position without stop-loss! What should I do? A bigger part of my deposit gone!"
It's so sad to hear about it!
Stop-loss - an exchange request placed in a trading terminal by a trader or investor in order to limit their losses when the price reaches a predetermined level.
Almost all experienced Forex traders agree that it is necessary to set the stop loss in any style of trading.
Beginners who have only come to the market often neglect this rule, but over time they also come to
understand (or they just stop trading because of constant losses).
Ways to Stop Loss
To trade on any financial market (not only on, but also on commodity futures, the stock market or even exchange) a system is required.
As a rule, each quality trading strategy has rules for setting a stop loss, but there are universal techniques that will fit almost any vehicle.
The easiest way to set the stop loss is on the local minimum (when buying) or maximum (when selling).
Finally, it's important to realize that stop-loss orders do not guarantee you'll make money in the stock market; you still have to make intelligent investment decisions.
If you don't, you'll lose just as much money as you would without a stop-loss (only at a much slower rate).
How to take advantage of a trade multiple times? Check it out!Hi guys!
Just published my very first educational post, I hope you will like it!
This is a trade which I took yesterday and I thought it would be interesting to "dissect" it into 4 steps in order to understand why and when is the "best" moment to buy and/or to sell.
I have incorporated the explanations in my chart.
Please note that this is an "ideal" trade and it doesn't happen like that all the time... but it gives you an idea of how I analyze it.
Feel free to comment/like it if you find it valuable!
The Trend is Your Friend: Basic Elliott Waves ExplainedIn this post, I'll be providing an in-depth explanation on Elliott Waves, specifically Impulse Waves and Corrective Waves.
I personally use Elliott Waves a lot, and as it seems like the majority of my followers are beginner traders unfamiliar with the concept of waves, I decided to do an educational post on it.
The concept of Elliott Wave Counts are extremely technical and advanced, so in this post, I'll only be going over the two most common waves: The Impulse and Corrective Waves
Elliott Waves Background Information
The Elliott Wave Theory was named after Ralph Nelson Elliott, who concluded that the movement of assets could be predicted by observing and identifying a repetitive pattern of waves. He was able to identify specific characteristics of wave patterns, making detailed predictions based on the patterns.
Very simply put, the direction of a trend unfolds in 5 waves (impulse waves) and any correction against the trend takes place in 3 waves (corrective waves). The 5 impulse waves are labelled ‘12345’, and the corrective waves are labelled ‘abc’.
*A bear market would show a downward trend, indicating that we’d see five waves down, and three waves up.
Smaller patterns can be identified within bigger patterns. As demonstrated in the diagram above, we can see that the impulse and corrective waves in green, are combined to form a larger wave in black, which is also part of a larger wave in red.
In technical terms, this is the classification of wave degrees. On Tradingview, the smallest to largest, the degree goes as follows: Miniscule, Submicro, Micro, Subminuette, Minuette, Minute, Minor, Intermediate, Primary, Cycle, Supercycle, Grand Supercycle, Submillennium, Millennium, Supermillennium.
The idea of using smaller patterns fit into bigger patterns, can be coupled with the Fibonacci relationship of the waves, offering insight on optimal levels of trade opportunities, and calculations of risk reward ratios (RRR).
What are Fibonacci levels?
Simply put, Fibonacci levels are a series of numbers discovered by Leonardo Fibonacci, in which a golden ratio (1.681) is derived by dividing a Fibonacci number with another previous Fibonacci number.
The Golden Ratio derived through the Fibonacci can be found in predictable patterns in nature from atoms to huge stars in the sky, as nature uses this ratio to maintain balance. Such ratios are very commonly found in the financial markets as well.
Elliott Impulse Waves (12345)
The Elliott Impulse Wave, which unfolds in 5 waves, has a few guidelines in terms of the rules that must be kept, and references to the Fibonacci ratio.
- An Impulse Wave can be subdivided into 5 waves (For instance, the black wave in the diagram is subdivided into smaller green waves)
- Wave 1, 3, and 5 are impulsive.
- Wave 2 cannot retrace more than the beginning of wave 1
- Wave 3 cannot be the shortest wave of the three impulse waves
- Wave 4 cannot retrace below the peak of wave 1
- Wave 5 needs to end with a momentum divergence
- In terms of Fibonacci ratios, there is not set answer, but there are some references we need to keep in mind:
- Wave 2 is 0.5, 0.618, 0.764, 0.854 of Wave 1
- Wave 3 is 1.618, 2, 2.618, or 3.236 of Wave 1-2
- Wave 4 is 0.146, 0.236, or 0.382 of Wave 3, but no more than 0.5
- Wave 5 can be the inverse 1.23611.618 retracement of wave 4, or 0.618 of wave 1-3, or equal to wave 1.
Elliott Corrective Waves (ABC)
When referring to corrective waves, this can include the use of other wave counts. In this post, we’ll be specifically looking at a corrective count also known as the Zigzag.
- A Zigzag is a corrective 3 waves structure that is counted as ABC
- Subdivision of Wave A and C comes in 5 waves
- A Zigzag is a 5-3-5 structure (In the diagram above, we can see the black Zigzag waves, which consist of a 5-3-5 wave count in green)
- Wave B is 0.5, 0.618. 0.764, or 0.854 of wave A
- Wave C is 0.618, 1, or 1.236 of wave A
- If wave C is 1.618 of wave A, it can either be a 3 or 5 waves count.
Application
We can take a look at Bitcoin’s weekly chart as an example of how Elliott Waves work. While I haven’t included the specific counts for simplicity sake, it provides a good idea of how the market moves.
Overall, we can clearly see that the trend is bullish. However, prices don’t always shoot straight up without stopping. It breaks out, corrects slightly, and breaks out again. The repetition of impulse waves, and smaller corrective waves, is what completes the uptrend.
This is why ‘buying the dip’ is a smart move during a bull market. Corrections are inevitable even in the most bullish market, and taking into consideration the fact that the trend is your friend, such corrections would merely be a buying opportunity.
Almost all assets take one step back for two steps forward. This is how the market works according to the Elliott Wave Theory.
Limitations
Elliott Waves have a critical weakness: it’s extremely subjective. Even while looking at the same chart, traders can count different waves, as it’s difficult to pinpoint the beginning or end of a wave. As with many other tools in predicting the market, it seems that the most common case is that traders are almost 100% accurate, or completely wrong.
As such, I personally like to use this tool merely as a reference in weighing out probable scenarios, rather than solely relying on my rather subjective wave count.
Final Remarks
I tried to dissect the basics of the Elliott Wave theory in this post. The concept itself is extremely advanced, and the explanation I provided above is merely the tip of the iceberg. Understanding Elliott Waves, while it’s not a silver bullet in trading, can help traders understand the overall trend, identify probable scenarios, and calculate optimal risk reward ratios based on wave targets.
If you like this analysis, please make sure to like the post, and follow for more quality content!
I would also appreciate it if you could leave a comment below with some original insight.
EURUSD - ending diagonal educational postA channel forms when price action is controlled by 2 parallel, sloping lines ... Conservative traders may look for additional confirmation before entering a trade.
The main rules for an ending diagonal
This pattern subdivides into five waves.
Wave 2 never ends beyond the starting point of wave 1.
Wave 3 always breaks the ending point of wave 1.
Wave 4 usually breaks beyond the ending point of wave 1.
Wave 5 in the absolute majority of cases breaks the ending point of wave 3.
Wave 3 can't be the shortest.
Wave 2 can't be a triangle or a triple three structure.
Waves 1, 3 and 5 form like zigzags.
WHAT I LEARNED ON MY FIRST 20 MONTHS OF TRADINGI’ve been trading in the “old days” (that is the late ’90s) in the stock market of my country. Back then you had to call your broker. If you managed to get through to him you gave him a range of prices and then he would call the guy in the dealing room and if you were lucky he would buy or sell your stock with profit. Sounds crazy to the young guys now, I guess.
1)Trading can be your new full-time job
Trading is not for everyone. Apart from being comfortable with “numbers” you need to have some relative background. Maybe someone is a natural and does not need that, but I find it hard to imagine someone who does not know how credit cards work for example to become a successful trader!
So if you have what it takes then trading this period in history where everything else is collapsing can be a dream career.
You don’t need substantial capital investment (leverage can be your best friend when you know where to place your stop loss).
You define the risk you are taking and more or less you know it even from the early stages of being a trader.
You have close to ZERO running costs for this occupation.
The tax-man is kinder to investors than it is to small businessmen....at least in my country and perhaps in Europe as well.
Also trading is COVID-19 proof (no commuting, no colleagues around, no customers to visit etc)!
Of course it is time demanding and despite what I read by my favourite “experts”, I think that being there at the right time exponentially improves your chances of remaining green.
Finally for this point if you wait to live your family from day one with trading you better forget it. I think that you should have at least 1-2 years of living expenses on the side to get into full time trading.
2) Use a training/demo/paper account before you go real
I highly recommend before you commit any real money into trading to use a demo account. Treat it as a basic training course. How long it’s up to you.
I used it for 3 full months 4-5hrs a day. It saved me a lot of money and I was testing whatever I was reading about trading strategies back then.
3) Understand risk management
The first goal is not to blow up your account!
In order to do that, you have to understand risk management and how this thing works. It’s not rocket science but many (including me sometimes) forget about it.
In order to stay in the game you have to keep the odds in your favour. It requires discipline, patience and basic understanding of statistics. Maybe take a course or ask the opinion of a pro if you feel weak on this.
Just remember to ask yourself every time you place an order: What my potential gains will be (Take profit-TP) and what my potential losses (stop loss -SL) if this does not work. It is called risk to reward ratio (R/R).
4) Learn your indicators
There are hundreds of indicators out there. No one can know what each one of them represents. It is advisable to start where everybody that I know of and is still in trading did. Support and Resistance. Learn this well.
Once you fully understand Support-Resistance then choose the indicators that fit your trading style and try to understand them in depth. Put as a learning target for you to learn a new indicator say every month. 5-10 should be enough.
Once you understand them go back to your demo account and practice trading using them. See what it works for you and how you can incorporate those in your trading decisions.
It takes time and as I found out and when you think you understand what your “favourite” indicator shows, then you realize that you are missing something!
Well welcome to trading, since you are no bot, nor a deep-learning machine you have to go back to your study room and do your homework. Even if you do it correctly remember it is a chances game. You might be right but the result might be against you.
5) Plan should be above emotions
This is the hardest part. Especially when you are close to blowing up your account. It happened to all of us. Some lucky ones managed somehow to change the tide and got back to green. But be sure that you will get there and it doesn’t fill nice.
The antidote to this is to have a well thought plan for each one of the trades you open and you stick to it. Keep monitoring your indicators and the reactions of the market after you open a position. Don’t just open a position and forget about it. I found this to be a recipe for disaster. At least at my level of knowledge of trading.
You have to train your brain to focus on the facts rather than your expectations. Some are by nature optimistic, some pessimistic. A trader just sees the data in front of him and he decides what to do based on that data. I know it’s hard and many times I made and keep making this mistake but I had to point it out here.
....But then again things are not always like this. Sometimes ending a trade early can save the day for you. In order to do that you have to be there.
6) Choose wisely your “experts”
We are living in the digital age where the “clever” person of our time is the one who knows how to make the right questions to...Google!
So be a clever person and look around for your expert/s. There are thousands out there. Some of them might be compatible with your style or have this “gift” of explaining hard to understand things in simple words that you find easier to understand.
Many of them don’t ask anything more than a like or a comment on their channel or idea from you. Use them.
7) Narrow down the financial products you trade/monitor
On tradingview it is called a watchlist. Try to make a portfolio of financial products you want/like to trade. I would say not more than a dozen at any given time.
How you decide on them might be based on ethics, your broker’s fees, leverage, conditions in the market and many-many more.
Try to analyze the financial products in your watchlist and understand the factors that affect their behaviour. You will be surprised after a while how your confidence on a stock or future will increase and how much more accurate your predictions will be.
I know traders that trade just one, yes one, stock or future and they are very successful, as they know everything there is to know for this particular financial product.
8) Don’t be afraid to experiment
There is no right or wrong in trading. You might be right and the market moves against you so you lose money. You might be wrong and the market moves for you and you make money. That’s how it is. However in the long run you have to be right in your assessment of a situation to take the right position and keep your wins.
With time you will develop your trading skills and then it is the time to experiment. Experiment with indicators, with different strategies or financial products.
Incorporate experimentation in your trading and you never know you might find out that you are better at something you did not think you were.
9) Keep records/journal and go back to them again and again
I strongly suggest to keep a journal. It will help you become a better trader. You will be able to spot your mistakes and the things you are better at. For example you might find out that your sell positions give you more profit on average than the win ones. Try to explain it, ask yourself the “why”.
Keep track of the trades you make each month and year in full detail.
Things to track are wins-zeros-losses actual and percentage, average gains-losses per position, the holding time of your trades, the kind of positions you make the most out of, the financial instruments that give you the most etc.
10) Majorities are most of the times wrong (Socrates)
Well as ancient philosopher Socrates put it, “majorities are most of the times wrong”. For trading this might be a rule.
Once you develop your skills and you are confident enough with your level of analysis then you will realize that following the crowd does not pay off.
So please devise your own strategies and make your own decisions. After all you are the one who will pay the bill if you fail.
Sorry for the long text.
I hope I helped some out there.
Ascending Triangle in USDCAD - "Learn More Earn More" With USUSDCAD is coiling for its next move.
The higher lows suggest strength, but USDCAD needs to secure a close above 1.34200 to open the door to the 1.35000 area.
Keep an eye on 1.33720 in the event of a pullback.
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Ascending Triangle in USDCAD - "Learn More Earn More" With USUSDCAD is coiling for its next move.
The higher lows suggest strength, but USDCAD needs to secure a close above 1.34200 to open the door to the 1.35000 area.
Keep an eye on 1.33720 in the event of a pullback.
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💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
📚 Learn How To Trade With Triangle 📚Hello Traders ...
We Have Today Very Important Lesson >> How To Draw And Trade With Triangle Pattern
Please Follow All Tips On Chart ♥
📚 Best Frame : All
📚 Risk : 2.5 - 5 % Per Trade
📚Best Pair : Slow Pairs
📚 Favorite Time : In High Liquidity
Learn How To Trade With Triangle Pattern In 3 Minutes
Educational material nr.8In this article I will tell you about another metrics, which can be usefull at analysis of the company. Based on GuruFocus metrics.
Another metrics from Financial Strenghs metrics:
Piotrowski F-score — used for understanding of the financial strengh of the company. Scores from 0 to 9. 1 score means, that company have one of the characteristics (positive net income, positive ROA, positive Operating Cash Flow, CFO is bigger then net income and other). 9 is the higher rank and means, that company is strong.
Altman Z-score — measure of results of testing company on bankruptsy risk. Higher — means that company is safe.
Beneish M-score — Metric of earning manipulation of the company. If it has negative score — that means, that company does not manipulate of the earnings. It can be analysed with comparison of PE and PE without NRI and PE with Cash Flow.
WACC vs. ROIC — Weighted Average Cost of Capital vs Return On Invested Capital. If ROIC > WACC, that means that investing in this company is effective and profitable, because capital generate profit, which is bigger then cost of capital.
Metrics from Profitability Rank
3-Year Revenue Growth Rate — average revenue growth rate per 3 years. Usual auxilar metric.
3-Year EBITDA Growth Rate — same average meaning of EBITDA per 3 years.
3-Year EPS without NRI Growth Rate - EPS without NRI per 3 years.
This 3-years average metrics are not so important then metrics per 5-10 years, because they have big influence of not-so-far-news/acts of firm.
From Dividend and buyback metrics:
Dividend Yield % - financial ratio, show relation dividends to stock price. Higher — means good, but it depends from company’s situation. For example 0 means, that firm does not pay dividends, but makes re-investments, what have positive influence on company.
Dividend payout ratio — dividends, which payed related to the company net income.
Forward Dividend Yield % - Usually don’t used, from reason of future non-guaranted company work. But it can be usefull for understanding expectation of the market.
5-Year Dividend-on-Cost % - Rarely used, but can be useful in some situations. Dividend divided by price of purchasing of the stock.
They are used from situation in analysing of the company. Because they can add some points to see full situation if main metrics and indicators with financial statement analythis can’t give review of the firm.
An Easy Way To Swing Trade With Heiken Ashi Candles & BB BandsSell:
Price Rejecting Bollinger Band
Flat TOP Heikin Ashi Candle
Exit At Indecision Candle Or Next "Buy Colored" Candle
(Blue In This Example)
Buy:
Price Rejecting Bollinger Band
Flat TOP Heikin Ashi Candle
Exit At Indecision Candle Or Next "Sell Colored" Candle
(Grey In This Example)
How To Draw And Trade With Rectangle Pattern Educational Welcome Traders >> We Have Here Educational Lesson To How To Trade With
$RECTANGLE_PATTERN
💠 Sell Pattern 💠
1- Draw The Channel
2- Waiting For Break Out Down And Test To Entry
3- Set Stop Lose At Middle Of The Rectangle
4- Set Take Profit Double Stop Lose ( Example : Sl 30 Pips : Target 60 Pips )
💠 BUY Pattern 💠
1- Draw The Channel
2- Waiting For Break Out Up And Test To Entry
3- Set Stop Lose At Middle Of The Rectangle
4- Set Take Profit Double Stop Lose ( Example : Sl 30 Pips : Target 60 Pips )
🌐🌐🌐 Tips 🌐🌐🌐
1- Best Pairs (Slow Pairs)
2- Best Frame ( 15M & 1H & 4H & 1D)
3- Best Time To Trade ( 7 AM To 3 PM GMT )
Thanks For Your Read ♥️
Bullish Candlestick's Patterns You Must Know 🗒 Just browsing through my analysis means a lot to me.
➡️ Please follow the analysis very carefully and every detail of the chart means a lot. And always entry depends on many reasons carefully studied
Always enter into deals when there are more than 5 reasons
combined
------------
Bullish Exhaustion Bar
➕A bullish exhaustion bar
----------
opens with a gap down. Then, it works its
way up to close near its top
In This case, the gap remains unfilled.
In addition, high volume
should occur with the exhaustion bar.
What does it mean?
Its name explains it all.
It represents exhaustion and a failed
lastditch attempt.
After the bears are exhausted,
the bulls will takeover and the market
will rise.
After the bulls are exhausted,
the bears will take the market down.
How do we trade it?
1. Buy above a bullish exhaustion bar
----------------------
➕Bullish Pin Bar
-----
It looks like the nose of Pinocchio.
It has a long and obvious tail.
For bullish pin bars,
the lower tail take up most of the bar. For
bearish pin bars,
it is the upper tail that dominates.
What does it mean?
Paraphrasing Martin Pring,
the pin bar lies like Pinocchio.
With its long tail,
a pin bar breaks a support
or resistance momentarily to trick traders
into entering the wrong direction. These
traders are trapped,
and there is always money to be made when
you find trapped traders.
-------------
➕Bullish Reversal Bar
---------
A bullish reversal bar
------
pattern goes below the low
of the previousbar before closing
higher.
What does it mean?
For the bullish pattern,
the market found support below
the low of the previous bar.
Not only that,
the support was strong enough topush the bar
to close higher than the previous bar.
This is the first
sign of a possible bullish reversal.
How do we trade it?
1. Buy above the bullish reversal bar
in a uptrend
---------------
➕ Bullish Two-Bar Reversal
-----------
The two-bar reversal pattern
-------------
is made up of two strong bars closing
in opposite direction.
The bullish variant consists of
a strong bearish bar followed by a
bullish bar. Reverse the order to get its
bearish counterpart.
-------------
What does it mean?
Every reversal pattern works
on the same premise.
A clear rejection
of a down thrust is a bullish reversal,
and a clear rejection of an up
thrust is a bearish reversal.
In this case, the first bar represents the first thrust,
and the second
bar represents its rejection.
How do we trade it?
1. For bullish reversals,
buy above the highest point of the twobar pattern
--------
➕ Key Reversal Bar
-------
A key reversal bar
---------
is a specific instance
of a reversal bar that shows
clearer signs of a reversal.
A bullish key reversal bar opens
below the low of the previous bar
and closes above its high.
By definition, key reversal bars
open with a price gap. As price gaps
within intraday time-frames
are rare, most key reversal bars are
found in the daily and above time
frames.
How do we trade it?
-----------
1. Buy above a bullish key
reversal bar (If uncertain, wait for
price to close above it before buying.)
-----------
➕Bullish 3 Bar's Reversal
------
In sequence, the three bars of
the bullish pattern are:
-----------
1. A bearish bar
2. A bar has a lower high and lower low
3. A bullish bar with a higher
low and closes above the high of
the second bar
What does it mean?
--------------
A three-bar reversal pattern shows a turning point.
Compared to
the other reversal patterns,
the three-bar reversal pattern is the most
10 Price Action Bar Patterns You Must Know
conservative one as it extends over three bars,
using the third bar
to confirm that the market has changed its direction.
How do we trade it?
1. Buy above the last bar of the bullish pattern
How To Trade Bullish Pattern's like Professional🗒 Just browsing through my analysis means a lot to me.
➡️ Please follow the analysis very carefully and every detail of the chart means a lot. And always entry depends on many reasons carefully studied
Always enter into deals when there are more than 5 reasons
combined
-----------------------
How To Trade Bullish Pattern's like Professional
🔰 Ascending Triangle
🔰What is Aescending Triangle
---------
This Triangle Contain 3 Higher low's &
3 - 2 Same Higher's - and that mean there is
Buy Pressure on this area
--------
Target will be The Same Distance From
B : C -
IF This Area 200 PIP Target will be
200 PIP --
Risk : Reward
1 : 2 / 1 : 3
Same Distance
from C Point To D Point
Stop loss Belwo
Down Connected line B - D
----------------------------------------
🔰 Symmetrical Triangle
🔰 What is Symmetrical Triangle
---------
This Triangle Contain 3 Higher low's &
3 - 2 lower high - and that mean there is
buy'er & sell fight's in this area -
and the winner who will break that Triangle
Target will be The Same Distance From
B : C -
IF This Area 200 PIP Target will be
200 PIP --
Stop loss Belwo
Down Connected line B - D
Risk : Reward
1 : 2 / 1 : 3
Same Distance
from C Point To D Point
----------------------------------------------
🔰 Triple Bottom Pattern
🔰 WHAT IS A TRIPLE Bottom ?
-------------------
The Triple Bottom pattern entails
Three low points
within a market which signifies an
impending Bullish reversal signal
. A measured up Volume in
price will occur between
the Tree Low points,
showing some Support at the price Low's
Stop loss Below
Half Distance From Support to Nick line
Risk : Reward
1 : 2 / 1 : 3
Same Distance
from Upper line to Lower line
----------------------------------
🔰 Head & Shoulder Pattern
Target Same Distance From
Head To Nick
---------
If The Distance From Head To Nick is
200 PIP -- So Our Target will be 200 PIP
-----------
And Stop loss Will be 32 %
Of the 200 PIP Distance
---
Or Will be below Down Trend
That Connected
From Head To Right Shoulder Line
Stop loss Below-
Down Connected line
From Head To Shoulder
Risk : Reward
1 : 2 / 1 : 3
Same Distance
from head to nick
----------------------------------
🔰 Down Channel Pattern
Target Same Distance From
Upper line To lower line
-------------
IF The Distance From Upper line To
lower line 200 PIP -- So Our Target
will be 200 PIP
------
Stop loss will be 32 % of Our Target
or near From middle line Of Broken
Channel
Stop loss Will be Below
Broken Channel Lower Line
/ Near Fro Channel Middle line
Risk : Reward
1 : 2 / 1 : 3
Same Distance
from Upper line to Lower line
-------------------------------------------
🔰 Cup & Handle Pattern
🔰 What is an ‘ cup and handle’?
If you look at the regular cup and handle
pattern, there is a distinct ‘u’ shape and
downward handle, which is followed by
a bullish continuation.
If The Distance From Cup To Nick is
200 PIP -- So Our Target will be 200 PIP
Stop loss Will be Below
Broken Support
Near From Handle
Risk : Reward
1 : 3 -
Same Distance From Cup
to nick
-----------------------------------
🔰 Bearish Flag Pattern
🔰 The Bull flag formation is
------------
underlined from an initial strong directional
move Up , followed by
a consolidation channel in an upwards
Target Will be same Distance From Upper
line of flag to lower line
Stop loss Bellow
Flag middle line ( Channel )
Risk : Reward
1 : 2 / 1 : 3
Same Distance
from flag Upper line to Lower line
------------------------------------------
🔰 Double Bottom Pattern
🔰 WHAT IS A DOUBLE Bottom ?
-------------------
The double Bottom pattern entails two low points
within a market which signifies an impending
Bullish reversal signal. A measured up Volume in
price will occur between the two Low points,
showing some Support at the price Low's
Stop loss Below
Half Distance From Support to Nick line
Risk : Reward
1 : 2 / 1 : 3
Same Distance
from Upper line to Lower line
-------------------------------------------
🔰 Bullish Rectangle Pattern
🔰 4.Bullish Rectangle
-------------
The Bullish rectangle pattern
characterizes a
pause in trend whereby price
moves sideways
between a parallel support
and resistance
zone.
Then Break Out to Target Higher
level'
Stop loss Will be Blow
Broken Rectangle
or Near to Middle line
Risk : Reward
1 : 3 -
Same Distance From Rectangle
Support to Resistance
How To Trade Bearish Pattern's like Professional🗒 Just browsing through my analysis means a lot to me.
➡️ Please follow the analysis very carefully and every detail of the chart means a lot. And always entry depends on many reasons carefully studied
Always enter into deals when there are more than 5 reasons
combined
-----------------------
How To Trade Bearish Pattern's like Professional
-------
1 ) Descending Triangle
What is Descending Triangle
---------
This Triangle Contain 3 lower Higher &
3 - 2 Same level - and that mean there is
Selling Pressure on this area
--------
Target will be The Same Distance From
B : C -
IF This Area 200 PIP Target will be
200 PIP --
Stop loss Above
Down Connected line B - D
------------------------------
2 ) Symmetrical Triangle
What is Symmetrical Triangle
---------
This Triangle Contain 3 Higher low's &
3 - 2 lower high - and that mean there is
buy'er & sell fight's in this area -
and the winner who will break that Triangle
Target will be The Same Distance From
B : C -
IF This Area 200 PIP Target will be
200 PIP --
Stop loss Above
Down Trend line B - D
-----------------
3 ) Triple Top Pattern
WHAT IS A TRIPLE TOP?
-------------------
The triple top pattern entails Three high points
within a market which signifies an impending
bearish reversal signal. A measured decline in
price will occur between the Three high points,
showing some resistance at the price highs
Stop loss Above
Half Distance From Top to Nick line
----------------
4 ) Head & Shoulder Pattern
Target Same Distance From
Head To Nick
---------
If The Distance From Head To Nick is
200 PIP -- So Our Target will be 200 PIP
-----------
And Stop loss Will be 32 %
Of the 200 PIP Distance
---
Or Will be above Down Trend
That Connected
From Head To Right Shoulder Line
Stop loss Above
Down Connected line
From Head To Shoulder
-----------------
5 ) Up Channel Pattern
Target Same Distance From
Upper line To lower line
-------------
IF The Distance From Upper line To
lower line 200 PIP -- So Our Target
will be 200 PIP
------
Stop loss will be 32 % of Our Target
or near From middle line Of Broken
Channel
Stop loss Will be Above
Broken Channel Lower Line
/ Near Fro Channel Middle line
Risk : Reward
1 : 2 / 1 : 3
--------------
6 ) Inverted
Cup & Handle Pattern
What is an ‘inverted cup and handle’?
If you look at the regular cup and handle
pattern, there is a distinct ‘u’ shape and
downward handle, which is followed by
a bullish continuation. This means the
inverted cup and handle is the opposite
of the regular cup and handle.
Instead of a ‘u’ shape,
it forms an ‘n’ shape, with the handle
bending slightly upwards on the chart.
Stop loss Will be Above
Broken Support
Near From Handle
Sell Here
-------
Risk : Reward
1 : 3 -
Same Distance From Cup
to nick
--------------------------
7) Bearish Flag Pattern
The bear flag formation is
------------
underlined from an initial strong directional
move down, followed by
a consolidation channel in an upwards
Target Will be same Distance From Upper
line of flag to lower line
Stop loss Above
Flag middle line ( Channel )
Sell Here
-------
Risk : Reward
1 : 3
--------------------
8 ) Double Top Pattern
WHAT IS A DOUBLE TOP?
-------------------
The double top pattern entails two high points
within a market which signifies an impending
bearish reversal signal. A measured decline in
price will occur between the two high points,
showing some resistance at the price highs
Stop loss Above
Half Distance From Top to Nick line
Sell Here
-------
Risk : Reward
1 : 3 - 1 : 2
--------------------
9 ) Bearish Rectangle Pattern
4.Bearish Rectangle
-------------
The bearish rectangle pattern
characterizes a
pause in trend whereby price
moves sideways
between a parallel support
and resistance
zone.
Stop loss Will be Above
Broken Rectangle
or Near to Middle line
Sell Here
-------
Risk : Reward
1 : 3 - 1 : 2
-----------------------------
Hope you Enjoy Guys with this content Tumps Up Please and Support me with like and Comment
Educational materials nr. 7This article is about Balance Sheet metrics.
They are including metrics, which show proportions and structure of the company. Structure of the company include own capital, assets and loans. It can tell also about financial stability of the company too.
Equity-to-Asset — relation equities to assets. Show using own resources in producing of the products.
Cash-To-Debt — relation cash to debt. If more — that is better. If this indicator is higher then 1, that means, that company can pay her debts more then 1 time. Indicate financial strengh of the company.
Debt-to-EBITDA — relation debt to operational income. Helping metric.
Debt-to-Equity — relation debt to own capital. Critical meaning — 0,4. This meaning can depend from sector of the company and current expectations and situation of the company.
Interest Coverage — relation operating income to interest payments. Indicates financial strengh. If higher — that is better.
All of them are important in the complex analysis of the company and her financial stability. If company has good operational results, but not good financial stability and dangerous structure with high ammount of debts, she will not be good candidate for investing.
<<Perfect trade>> 😏Are they exist?🧐Hi, my dear friends!💋 Let's talk about Perfect trade. Are they exist?🧐
The “perfect trade” is what every trader strives for. But in order to be able to make "perfect deals", you need to remember some rules before entering each of them.
First rule: 🔥Realistic expectations🔥 - Sorry, but not every trade will be profitable. REMEMBER That !!!
The first step to a perfect trade is to accept and deal with losses, this will help you get a clear mind for the next trade, which may bring you a profit.
Second rule 🔥Managing Your risk🔥
We can't control the market, but we can control ourselves
The second step to a perfect trade is to control risk. You must clearly calculate how much you can lose on each trade.
The third rule of "perfect trading" 🔥Assess Market Condition🔥
Step Three - We need to understand the state of the market and the structure of the market. - Is the market slow and volatile or is it trending? And accordingly, have tactics for each of them.
The fourth rule - 🔥 STRATEGY 🔥
Step four: NEVER LEAVE YOUR STRATEGY !!!
There are different strategies in my trading plan, that are used in different market conditions.
💡Even if the trade is unprofitable, if I follow these four steps, it will still be the perfect trade.💪🏻🚀💣
Thanks for Your attention🙏🏻
Stay in touch🧡
Sincerely yours Rocket Bomb 🚀💣
Previous EDU post 👇🏻
[Beginners & Intermediate] Where to learn about trading?I will introduce this by reminding that this is not school and not a 9 to 5 job either. No one will just hand over a strategy and go "ok go make some money instead of me now", there are a few strategy out there on the internet an never know one might have an edge, but it's not even worth it to spend hours looking for something. And makes no sense, "too lazy to find one on my own so I spend hours looking for the holy grail on the internet".
People got brainwashed to learn something by heart at school, go to work from 9 to 5 - this must be why there are so many day traders, they do not know how to function differently than 9 to 5 -, get a wage every month, the more you do the bigger the reward...
Real life does not work like this. Even the cheetah know this. While they run at formula 1 speeds, they still stalk their prey and are real careful and plan ahead and make sure they have a good risk to reward and high probabilities of catching their (big) prey. And then they protect it. They do not leave carcasses lying around and spend all their time chasing prey like idiots.
It's like with Einstein, no one told him "k now go prove that Newton gravity theory is false, this is how you will do it".
There are plenty of different type of strategy, merger arbitrage, quantitative systematic, discretionary, a combination of both (I think this is what I do), stock long bias, stock short bias (haha), and so on.
But in any case you have to do your own research. Arbitrage means analysing data and looking for numbers in sheets of numbers, quant & discretionary means analysing data and looking for numbers in sheets of numbers, and so on.
Still you have to understand how markets work, what futures are and are not if you trade those, the different terms, compounding (it does not just mean "waow I make lots of money"), learn that after losing 20% to get back to breakeven you need to make 25%, that markets gap, markets change...
Also you need to get used to tools, used to the places you'll get your info from, and constently be learning from especially at some point we do want to learn how to invest to get some passive income because we do not know if we will still be making money 5 years from now.
The road is long, so be sure you are legit interested, and it is as important to have reliable sources as it is to make it fun & interesting, because the road is real long.
1- At the source
Biggest exchange, and best website: The CME. ⭐⭐⭐⭐⭐
Both the best for beginners, and for advanced.
www.cmegroup.com
The site is huge. They have what is at human scale infinite data. And it is well designed.
They even have some courses, webinars, and more.
Here you can find courses for each of their asset classes, and if you select none you got generic ones too. All free.
Free and reliable. The problem with trolls that sell $5000 education is it is often infested with errors, including very dangerous ones.
Maybe the cme is going to get greedy seing millions of new fresh amateur liquidity providers, and start charging for their content. I hope not.
Thinking of it, this sort of people is not looking for some sober information dense content, but for flashy lights and "get abs in 30 days with no efforts lose 10 pounds a week make 10% every day".
www.cmegroup.com
They even have an introduction to dairy, in 13 modules.
www.cmegroup.com
We live in the day of big data funds, and they charge a few hundred to a few thousand dollars for access to TB of data on their products.
Bitcoin and a few other featured/new products are free.
datamine.cmegroup.com
Crypto is free xd but who cares? Crypto traders won't download this ever will they? Not like there is enough data to get anything out of it, but still can be interesting to look at.
If you do not know where to start you can (and probably should if you trade futures) spend thousands of hours on the CME website alone, looking at various info and going throught courses (I'd recommend starting with just a handful of assets and getting into those + taking a quick look at others for greater understanding).
The second biggest exchange group is the ICE. They operate the Intercontinental Exchange (no kidding) and the famous New York Stock Exchange.
The ICE is king on a few futures:
- The big non grain 4 agri: Cotton, Cocoa, Sugar, Coffee. Unless another exchange steals this it is unlikely it will ever disappear, did you know that over 1000 years ago the most traded product after gold was Kola nuts? People were already addicted to "chocolate & coffee" back then. Anything that binds to opiod receptors & is socially acceptable = invest for 100 generations. Sugar is sugar obviously. I think those are the most interesting products they have.
- Brent Oil, Natural Gas variations
- Equity derivatives (FTSE, FANG)
- The Euribor
I think those are the main ones.
Their site just makes me angry. I want to punch my screen everytime I go there unless I use a direct link and go straight for the info I want.
They list their futures so bad so wrong, they have them literally hidden in a list of 100 other ones no one cares about and of course why show volumes so people can get there faster or why put them at the top of the list when you can rather have people waste time every single time?
There might be some things no one is looking at in some ignored assets... But one has to get past the anger...
They sometimes hide the central, important info, and blind you with absolutely useless and stupid things. Even the dumbest things... I clic on one of their links then the site buttons just move! Why are they not in the same corner? Why is every page built a little differently? Not completely different, but just enough to annoy you.
I go on the main page for a CME future I directly see volumes & for the past days and open interest and for each expiry, with the ICE... It's a 5 months projects, I have to clic on some links that are so not explicit at all, then there is another list of links and I always end up on the wrong one and so on.
Well I think it improved, it is not as irritating and useless as it used to be. Maybe another 10 years and they enter the 21st century?
Recently their charts on tradingview went from EOD to regular, I don't know how that happened, but this sort of thing can help them get into the spotlight a bit more, retail has no interest whatsoever in their futures except maybe Brent so it might not be very helpful, but it is a start.
www.theice.com
They offer some insights that are pretty helpful. Nah I'm joking they are useless like the rest of the site.
www.theice.com
Industrial metals are not popular they are less popular than some rando chinese mlm stock (with retail I mean, many of the metals have volumes of over 5 bil a day), but I will link the LME site anyway, it is well designed, and they have plenty of useful ressources.
www.lme.com
The biggest ones are I think Aluminum, Nickel, Zinc. Nickel has an adv of 10 billion usd which is more than silver & copper, and was very roughly twice the silver volume until recently where it exploded. Volumes have been going up, maybe in large part due to EV batteries needing this metal, and lots of mines getting opened in south america. The limitation for amateurs to get into this is it is priced in tonnes (1 future = 6) and I do not think there are brokers with minimum sizes below 1 unit (tonne). The price being $15000 and min tick size $5 eliminates alot of participants. The spread alone would already be on the min order $30. That is 1% of a 3 grands account so forget it.
Another one I really liked the chart of is Zinc, but I did not look much into it.
Interesting site even if it is more for advanced participants, there are no e-mini-ultra-super-micro-get-started-with-your-lunch-money-no-experience-required s&p for baby accounts like the CME did recently (e-mini was not small enough for the "legends" to gamble).
For FX there is no "at the source". But interesting places would be GS website, they publish public reports sometimes, the international bankers with the imf & bis, the fed websites have alot of info, but there is no "learn trading" or market data there. And FX does not have all its info available if you are not part of a bank. So objectively it is probably harder to get into.
The FED (one of them) published a report on patterns in charts, their conclusions are "sometimes head and shoulders work".
They have some info. A little of verified tested and legit info is better than tons of worthless crap filled with mistakes a marketting troll put together. Morgan Stanley... Here is a pdf from them with performances from hedge funds (max drawdown, sharpe ratio, returns), shows what is possible and realistic.
www.morganstanley.com
Then for stocks there are all kinds of places.
The nyse I never go to and is as ugly as the ice website, probably as bad too.
www.nyse.com
The nasdaq that was always down when I used to check. News, short interest (They showed you that half the planet was shorting Tesla a year ago), all the important stock info you would expect...
www.nasdaq.com
For crypto: nothing. There simply is nowhere to go to. Satoshi whitepaper maybe. The CME & Nasdaq website have a little on crypto so might as well go there check it out (I haven't, no idea what is inside).
Who I would not recommend on the "at the source" side: Brokers. I mean... lol brokers come on.
2- Specialised websites
There is already enough to be busy for several thousand hours in 1-, but there is more.
First there is tradingview. Not sure if I wanted to put them in social networks or here.
You will find all kindz of people making all kindz of gainz- I mean losses.
It's a place to exchange ideas, see what others are doing, learn crowd psychology...
And they have the most ergonomic convenient charting service.
Support page to find how to use the tools and ... I had to link something.
www.tradingview.com
Babypips is offering an education on forex in 348 lessons (free), they have quizz also.
Remember to never take anything as reality, in general I mean not them in particular.
Have the chart & source data at the tip of your finger.
Completing this should take a good 500 hours. Since you are not just rush reading it and seing for yourself on charts how things play out.
Doable in 30 days if you spend 16 hours a day on it. Maybe faster if you skip the indicators part, but nah everyone should look at those at least once. Prime brokers on their PF offer indicators and pros use them (especially small funds) so if it helps... I think most PM use at least some indicators they just don't over-rely on them and not any indicator. And it is interesting, you might indirectly learn something, also early on maaaaybe they can help because you are not experienced enough to see with the naked eye.
www.babypips.com
Investing dot com. Now with free ebooks!
www.investing.com
Investopedia has all sorts of definitions and articles
www.investopedia.com
3- Social networks
MyFxBook contains the best systems that go from the top followed to the top discussed when they go to zero.
Coinflip outliers get popular, go to zero, get most discussed, disappear. There is no big "went to zero recently" at the moment, but they happen all the time. Some might not go to zero because they found a bug with a broker and are exploiting it until it gets fixed.
Some people also cheat the results are fake, if you look for it you can find it explained how it works.
If seing huge results makes you sad, then stay away. I only check from time to time to see fools blow up.
www.myfxbook.com
www.myfxbook.com
Forexfactory, pretty classic, with calendars forums and all, they have variants of the site for stocks & for commodities
www.forexfactory.com
EliteTraders
www.elitetrader.com
Trade2Win I never go there not flashy and full of dumb trolls enough for me, must mean it's half decent. I get most of my entertainement elsewhere, and I don't want to say I know everything but I don't really need tips - that are always the same ones - anymore.
www.trade2win.com
Stocktwits
stocktwits.com
Then there are also youtube channels.
Some I like are:
- The ukspreadbetting channel, they have interviews with traders, and for the past couple of years Mark has been pumping out videos at an inhuman rate.
- MoneyWeek, especially their old videos which are also the most popular
- Patrick Boyle channel, he is quantitative speculator (he analyses data and looks for pattern) that worked with Soros I discovered his channel recently he was being interviewed and cracking up about "fast car trading educators". "Patrick Boyle is a hedge fund manager, a university professor and a former investment banker."
- OBVIOUSLY Peter Schiff, GoldSilver (w/ Mike Maloney), and any permabear I can get my hands on will be a favorite ^^
- Dan Pena videos for the screaming
- Ricky Gutierrez, Timothy Sykes, Tai Lopez, FxLifeStyle Forex for... well let's just leave it there shall we?
There are plenty of channels. The list could go on.
4- Books & other tools
Math & stats sites are usually pretty safe. The sort of people that wants to get rich quick is not the sort of people that goes to those ;)
They're not infested with wolfs of wall street advice.
Books are boring but some I know of and are good are Market Wizards, Reminiscences of a stock operator, Extraordinary Popular Delusions and the Madness of Crowds. You can find the last 2 on the internet as free pdf.
A probability calculator is here (to estimate odds of drawdown, and other things):
vassarstats.net
Well tradingview, excel, and the printscreen button.
5- Expensive educators
I don't want to only bash them, hey even pro athletes and gamers have coaches and mentors right?
It makes little sense to me for a novice that knows nothing to go pay hundreds or thousands to learn basics that are out there for free.
I would at least pick someone with credentials, and be aware that because someone was a floor traders or a market maker in a bank, or a trader only supposed to execute clients orders like Nick Leeson, does not mean they know how to make money speculating (especially if they are Nick Learned his Lesson). Chances are they don't, they tried but they just can't because not every one can make it into one of the hardest games.
There will always be people that want to lose 30 kilos in 30 days and want quick abs and so the scammers will keep proliferating, can't even blame them.
Just get in front of a chart and grind your way up noting what happened everytime specific conditions came together checking how often it worked out and what was the payout and far did it go in the wrong direction first, find the point where the SL is the most optimal for WR & RR, run stat tools and note everything about it.
Log your trades, gain experience, read about economic news, keep learning, keep analysing charts, work on your routine, get more organised, design ways to decide you will look at a specific asset, then design your method for building an opinion on it based on your vast database of probabilities, intuition, macro conditions etc.
It's not that hard. You either want to be a financial speculator or you don't. And this is what it is.
You can't go for a job but without doing that job and constantly looking for tricks to do anything but that job.
Or just go try to become a multi millionaire golf player without ever picking up a club, at least you'll get some fresh air.
Same goes for going for it but expecting the journey to last 200 hours and then that's it you are profitable and can now relax on your expensive boat delusional to the max 😆