EURUSD - LONG Hello Traders,
In my previous trade ideas i was long in EURUSD and i still am. We have come back to the 1.15 price for a fourth time and failed to break the price. If you go to the 1D chart you will see a nice DB forming.
I have already entered this trade and i am still looking to take it to the 1.1750 price.
We have seen divergence as well, this is a swing trade so essentially riding the institutional trend.
If you go to the DXY is is negatively correlating well.
Safe Trading.
Educational
Trader Vic says go long $PLBYGreat book by Victor Sperandeo "Trader Vic - Methods of a wall street master" , specifically the section on drawing correct trendlines.
I see a lot of traders (including some times myself) drawing wrong trendlines especially if they are bias to long or short.
Per Trader Vic - For a downtrend within the period of consideration, draw a line from the highest high point to the lowest minor high point PRECEDING the lowest low so that the line does not pass through prices in between the two high points (i.e. blue line).
Simpler said : Draw the line from the highest high to the highest high that precedes the lowest low, so that all price action is below.
Once this trend line is broken , to confirm the uptrend, we want to see higher highs and lower lows AND "Prices go above the minor high point (i.e. the orange line)
TLDR:
$PLBY no longer appears to be in a down trend and has pivoted now to the start of an uptrend.
Algorand USDT - I see potential gain on ALGOCup and handle pattern has been completed and nice retracement has been done up to now. There is a huge potential to be gained in next few weeks.
This is for educational purpose only. I am a beginner and this is my second published analysis.
DYOR.
Happy trading.
De-Annualizing IVImplied Volatility is the expected volatility of a given asset and can be used for ones advantage
De-Annualizing IV allows one to apply annualized IV and alter it towards ones desired time frame
As some may know, Implied Volatility or IV is an annualized figure, meaning we have to do extra work to get what we want
Applying IV
To gain a greater understanding of this topic we will be applying this method to SPY(461.90) as of 11/3/21
In order to get IV of our desired time, we first have to get the 1-day expected volatility and to do so we use the formula as follows
IV ÷ √256(256 trading days in a year) and will be 0.1245 ÷ 16 for our case, which gives us a 1-day expected volatility of 0.00778 or .78%
After getting our 1-day expected volatility we then use the formula as follows
IV ÷ √256 x √Number of Trading days in period and once applied to SPY will become 0.00778 x √22 which gives us 0.036497298 or a monthly expected volatility of 3.65%. We are using 22 in our formula since there is 22 trading days in a month.
Conclusion
After calculating our monthly volatility we can then multiply the desired asset by it to receive the range in which this asset will most likely stay at
For example, regarding SPY at 461.90 we can multiply it by 1.0365 or 0.9635 to receive the prices in which there is a 68% chance that the desired
asset will stay at. Regarding SPY this means there is a 68% chance of SPY closing between 478.75 and 445.
How To Be Success Trader II Lesson 11 - You must learn analysis and basics well, such as knowing important terms such as margin, leverage, lot, point, pairs and the relationship between them, the meaning of indicators and commodities and how to calculate the point,, and then delve into technical analysis and study the basics such as trend lines, supports, resistances, Fibonacci, price action and patterns
2- You must create a successful and good trading plan for yourself and you must take into account the trading times, the fixed strategy you will work with, the choice of pairs and the time frame that you will work on.
3- You must first practice on a demo account, preferably with the same amount of capital that you will deposit in your account later, so that you can know the measure of your profit and loss and better test your psychology and strategy.
4- Do not use hedging (hedging is buying and selling at the same time on the same pair)
5- You should be a good watcher of the news, because there is strong news that you should avoid trading while it is being issued in order to preserve your capital.
✅ How to approach Trendline BreakoutsIt's a very simple strategy. It is more reliable the longer the timeframe.
1. Find a TREND LINE
2. Wait for the BREAKOUT
3. Buy while price is RETESTING the TrendLine
4. During LATERAL movements Keep in mind other indicatores such as RSI or other support lines.
5. Enjoy profits during the UPWARD movement (Take profits gradually during the upward move)
Lesson 1 II What is The Forex Trading ?In this short lesson, we learn what the forex market is!
The forex market is the currency trading market, in which you can buy and sell currencies against each other and profit from the price differences,,
Simply put, all people have used forex, when you go to an exchange shop while you are traveling to a foreign country, to change your currency for the currency of the country, this process is called forex
You can start in the forex market starting from $ 50 and you can make a profit, but you must learn first
Some Details For Forex Market :
- Daily Volume Trading 6.6 Trillion $
- You Can Start From 50$
- You Trading From Home - Phone - Labtop - Ipad
- Forex Market Work 5 Days In Week 24 Hour's
- We Work In Forex With Leverage ,, So U Can Make Profit From Little Capital And we Will Make Lesson For Explain The Leverage .
Follow Us To More Education And Course's
Happy Trading
XAUUSD BUY OANDA:XAUUSD
1. Overall trend was bullish.
2. D was bullish
3. 4hr candle was creating HH HL
4. 1hr was ranging. 7pm candle made a strong rejection.
5. Took a buy with a smaller lot (dynamic risk) when the 7.30pm candle broke the prev 30m candle with SL below the prev 15m candle around 22 pips.
6. moved the Sl to the below the new 15m candle (8.15pm) around 17 pips.
7. Took another buy when the candle broke the D's high anticipating to push higher with the NY volume and clean candle to the left (40 pip range)
8. Closed the first position with 20 pips and the 2nd position with 11 pips. Since it was a monday I closed everything and did not leave a runner
ankr perfect retest of falling trend line ankr on move big 0.9 Disclaimer : It is not a financial advice am not a professional I don't take responsibility for your loss
Just for educational purposes.......
We successfully retest the falling wedge, yes we break it
Congratulation to those who bought the dip .................
This is your host k9100............................ back at your service
Please do your own research before investing ...............................................
Take it or regret it bulls are back in game
zoom in and zoom out to see the targets and watch for red zone major resistance zone
it is healthy pull back positive on ANKR
Thanks for love and support, I hope we will reach our destination this season 0.9
Always remember to take profits
and don't sell til 0.3, 0.5, 0.9 USD 3 profit targets be patient and keep pushing
................................................................................................................................... har har mahadev
21FX USOIL - DailyWe've left the illustrations on the chart from our previous analysis. Oil is at a crucial level here trying to break the trend line support so we will be looking to see how this closes today. Is over stretched in our opinion and needs a correction so as we suggested in our previous posts, we're waiting patiently to short it!
GreenGateFX
NU what a day It is not a financial advice am not a professional I don't take responsibility for your loss
Just for educational purposes.......
Here we are back on NU........
Congratulation to those who bought the dip ..................
This is your host k9100............................ back at your service
He fellas What's Up don't panic guys it is liquidity trap exchanges and big players taking stop loss they are getting all the liquidity and weak hands please guys be patient
Exchanges shaking off leverage traders take any coin if you think I am talking rubbish, you will find the same pattern they are showing their influence in crypto space
noting new to say soon we will see huge squeeze to up
always buy in spot be a holder don't claim to be one you are not if you can't handle your risk be a holder buy red sell green a lot of time i tell peoples to set their stop loss we're 90% don't expect who know about your stop loss it exchanges and big player they also know about support and resistance level do what others are not doing to earn money
it is easy to lose money than to earn, have a nice day guys
sleep and enjoy the day and hold and for newbies buy the dip or wait for conform brake out to 1.08 level
Hit like and comment, support the work it will keep me motivating to do more ......................................k9100 out
............................................................................................................................................................................ Har Har Mahadev