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IMPROVE YOUR TRADING | Simple Flowchart For You to Follow 🧭📍 A short ⚠️disclaimer before we start: the rules that will be discussed in this post are applicable only for technicians - traders that are relying on price action/structure/etc. Also, we assume that structure levels do work and for us, key levels are considered to be the safest trading zones/points. In order to increase the accuracy of your predictions analyzing different financial markets, you must learn to identify the direction of the market.📈 The identification of the market trend must be based on strict & reliable & testable rules. It can be based on technical indicators or price action Personally, I prefer to rely on price action. Here are a couple of examples of how I identify the market trend: There are three main types of market trends: Bullish Trend Bearish Trend Sideways Market Depending on the current direction of the market, on the chart, I drew a flow chart✔️ that will help you to act safely. ➡️Sideways market signifies consolidation & indecision. Usually being in such a state the market tends to coil in horizontal ranges. To trade such a market safely, the best option for you will be to wait for a breakout of the range & wait for the initiation of the trend. ➡️Once you spotted a bullish market, do not rush to buy. Your task will be to identify the closest strong structure support. You must be patient enough to let the price reach that support first (and by the way, there is no guarantee that it will happen) and then you must wait for a certain confirmation. Please, check the article about different types of confirmations: Only once you get the needed confirmation you can buy the market. ➡️The same strategy will be applicable to a bearish market. Spotting a short rally it is way early to just sell the asset from a random point. You must find the closest strong structure resistance and wait for the moment when the price will approach that. Then your task will be to wait for a confirmation and only when you got the reliable trigger you short the market. 🦉Try to rely on this flow chart and I promise you that you will see a dramatic increase in your trading performance. And even though it may appear to you that this flow chart is TOO SIMPLE, in practice, even such a set of rules requires iron discipline and patience. Thank you so much for reading this article, I hope you enjoy it! ❤️Please, support it with like and comment. Thank you!
FOREXCOM:XAUUSDEducation
by VasilyTrader
163
Upcoming FOREX Weekly Forecast: What pairs do you want analyzed?I want to interact more with my subscribers! Tell me which pair or instrument you want analyzed for the week ahead, and I will include it in my Forecast video! I'll be looking to cover all the majors and cross pairs, along with Gold , indices, and US Oil . I analyze AUDJPY in this video, as an example. Guys, I'm leveling up, and I want you to level up with me! Let's build a community of consistently profitable trader together! Leave me a comment with your request, and I'll be all over it in the next video!.
by RT_Money
4
How to Use Fibonacci Retracement ? hello traders , today i'll talk abouut my favourite tools the Fibonacci retracement tool is extremely useful and it help us to find the strong resistance and support area ( 0.618) . How to use it : Drawing Fibonacci retracement levels is a simple three-step process : In an uptrend: Step 1 – Identify the direction of the market: uptrend Step 2 – Attach the Fibonacci retracement tool on the bottom and drag it to the right, all the way to the top Step 3 – Monitor the three potential support levels: 0.236, 0.382 and 0.618 In a downtrend: Step 1 - Identify the direction of the market: downtrend Step 2 -Attach the Fibonacci retracement tool on the top and drag it to the right, all the way to the bottom Step 3 Monitor the three potential resistance levels: 0.236, 0.382 and 0.618 In the next post, I will explain more about The golden ratio and how to use it in entering and exit . for more educational ideas , signals and analysis follow us .
by Diamond_Chart
5
FOREX Weekly Forecast: What pairs do you want analyzed?I want to interact more with my subscribers! Tell me which pair or instrument you want analyzed for the week ahead, and I will include it in my Forecast video! I'll be looking to cover all the majors and cross pairs, along with Gold, indices, and US Oil. I analyze AUDJPY in this video, as an example. Guys, I'm leveling up, and I want you to level up with me! Let's build a community of consistently profitable trader together! Leave me a comment with your request, and I'll be all over it in the next video!.
by RT_Money
BNBUSDT Midterm AnalysisHello, traders! After a small pause I decided to get back to Altcoin analysis. As you know, these coins give traders an opportunity both to lose money and cut the jackpot. Thus, you should enter the trades very accurate if you want to earn a lot. As for me, I’ll try to do my best to help you. Well, today we’ll speak about BNB - one of the most trusted alt coin. Have a look at the chart. As you can see, after a massive correction in May it usually tried to gain the price but failed and became choppy. However, as you can see, it has already started its second attempt and is in a strong up-trend now. In my opinion, everything will be a clear in a few days - very significant level is about to be reached to the price - 0.382 Fibonacci. If bulls have enough power, it will be easily broken and the price will go up. However, there’s another even more significant level 0.5 Fib. As you know, the area between 0.5 and 0.618 is very important. Moreover, it’s called «the golden pocket», that means that the price will consolidate in this area with high probability. Bulls have enough power to break the 0.382 Fib. Level in my opinion. Is this enough to enter «golden pocket»? We’ll see. However, if you look at Chaikin Oscillator, you’ll see the bearish divergence. Look at the chart. Can you see it has worked off? There was minor downtrend. In my opinion, we shouldn’t consider the divergence worked off. This, there is another scenario of price action - down-trend. The price will go down, breaking the support trend line. Judging by all my thoughts a have built several scenarios. Scenario A The price will break 0.382 and 0.5 Fib. with further consolidation in «golden pocket». Scenario B The price will break 0.382 Fib. but the 0.5 is a hard nut to crack for bulls. But the power still enough, they don’t want to lose bears, that are gaining power. Such kind of scenario gives us sideways. Scenario C The divergence will work of and the trend will reverse with further consolidation in are under 0.382. Well, guys, I hope this info is useful for you. I always tell you, but I’ll repeat, make your own analysis based on my or not. Don’t follow me blindly. It’ll boost your trading skills roughly. Have a nice day, dear traders!
by Skyrexio
1
YOUR PROFIT FORMULA | Three Essential Ingredients 🤔💭💫 Hey traders, We must admit that it is phenomenally difficult to become a consistently profitable trader. This journey requires years of practicing and training, constant losses, and nervous breakdowns. If you are a struggling trader, if you are still looking for your way to succeed in this game, here is the formula that will help you to chase consistent profits. 💰Consistent profits = 📝Trading Strategy + 🤬Emotions + 📈Market Sentiment Let's discuss each element separately. 📝Trading Strategy: To be in profit in a long run requires an understanding of what do you actually trade. You must have strict and objective entry conditions. You must rely on the objective & verifiable rules for the execution of market analysis. You must have a plan to follow. A plan that is backtested and proved its efficiency. 🤬Emotions: Even the best trading plan, the most accurate trading strategy can be easily beaten by emotions. Emotional decisions such as revenge trading and early position close can easily blow the account of any size in a blink of an eye. The most disappointing thing to note right here is the fact that you can be taught how to execute technical analysis but you can not be taught to control your emotions. Your main enemy here is yourself and being in a constant battle with your greed and fear it is very easy to go broke. Only by being humble, disciplined and patient, you can successfully apply a trading strategy. 📈Market Sentiment: Mastering your emotions and having studied a trading strategy, it looks like it is finally the time to make money. However, occasionally the market tends to be irrational. Being chaotic and unpredictable, sometimes the market neglects every technical and fundamental rule. Crisis, euphoria: the reasons can be different. The fact is that such things happen. And it is your duty to learn to deal with unfavorable market conditions. 💰To become a consistently profitable trader, you must become the master of these three elements. Only then the doors to freedom and independence will be opened to you. ❤️Please, support this idea with a like and comment!❤️
COINBASE:BTCUSDEducation
by VasilyTrader
25
Keltner Chanel From ScratchHello, traders! So many times I’ve tell you how important volatility detection is. Both for your strategy and coin screener. In this term, I decide to extend your pool of volatility detectors and today we’ll speak about Keltner Channels. Keltner Channels are volatility-based bands that are placed on either side of an coins’ price and can aid in determining the direction of a trend. The Keltner Channel is a volatility-based technical indicator composed of three separate lines. The middle line is an exponential moving average (EMA) of the price. Additional lines are placed above and below the EMA. The upper band is typically set two times the ATR above the EMA, and the lower band is typically set two times the ATR below the EMA. The bands expand and contract as volatility (measured by ATR) expands and contracts. This is one of the most multifunctional tools I’ve ever used. I’ll try to give you the complete description of all functions, but it seems that they are much more. • The angle of the channel helps to identify trend direction. • A price move above the upper band shows price strength (uptrend) • A drop below the lower band shows price weakness (downtrend) • If the price is continually hitting the upper band, but not the lower, when the price does finally reach the lower band it could be a sign that the uptrend is losing momentum. • If the price is constantly hitting the lower band, but not the upper, when the price does finally reach the upper band it could be a signal that the downtrend is near an end. • The price may also oscillate between the upper and lower bands. In cases like these, traders may use the bands as support and resistance. They may look to buy when the price reaches the lower band and then starts to move higher again and may look to sell or short after the price starts to fall again after reaching the upper band. • After a sideways period, if the price breaks above or below the channel and the channel starts to angle the same way, that may signal that a new trend is underway in that breakout direction. As you can see guys, this tools could be very useful on any strategy. Moreover, many traders use it in algorithmic trading. It means that it’s very useful and easy to interpret.
Education
by Skyrexio
2
MFI From Scratch Hello, traders! As you know, the knowledge of a coin be overbought or oversold can be very profitable for any trader. That's why it's very important to identify these states. Moreover, the indicator that help us has already been invented. Well, today we'll speak aboout Money Flow Index. The Money Flow Index (MFI) is a technical oscillator that uses price and volume data for identifying overbought or oversold signals in an asset. It can also be used to spot divergences which warn of a trend change in price. The oscillator moves between 0 and 100. Unlike conventional oscillators such as the Relative Strength Index (RSI), the Money Flow Index incorporates both price and volume data, as opposed to just price. For this reason, some analysts call MFI the volume-weighted RSI. There are two possible ways of using this oscillator - diverhence and detecting overbought and oversold regions. It's rather easy to detect divergence of price with MFI. If you don't know whhat divergence is, read our cheat sheet to be aware of such powerful tool. The overbought and oversold levels are also used to signal possible trading opportunities. Moves below 10 and above 90 are rare. Traders watch for the MFI to move back above 10 to signal a long trade, and to drop below 90 to signal a short trade. I hope, you'll find the information useful. I try to make the articles that are interesting for me. However, I want to know your oppionoin. Write down to comments what is intersting for you.
Education
by Skyrexio
3
BNBUSDT AnalysisHello, traders! Today will speak about BNB, one of the most powerful Altcoins. Looking at the chart, I can’t resist the temptation to make an analysis for you. So, here we go, without extra words, just have a look at the chart. As you can see, BNB has already retraced after a huge fell. However, it has a potential to go even higher, cause the reject from the buyer zone (0 Fib) was very sharp. Judging by even this, we can make a conclusion that bulls are more powerful in this cycle. However, lot’s of factors can correlate with BNB price, thus dump is possible too. Well, let’s just sketch some scenarios. Scenario A The price will break up the 0.5 Fib level, consolidate in «golden pocket» and probably, break the triangle above. Scenario B Some kind of events like tweets of «geniuses» LMAO or just money outflow can easily dump the price. However the probability of going lower than 0.236 Fib is extremely small. Scenario C Sideways or choppy market. Nasty period for any trader but cannot be written off. Thus, be ready and for such kind of price action I hope guys my thoughts inspire you to trade more and boost your skill every day. We’ll move together to our common cherish dream - come up richer and more successful. Have a nice trading day, ladies and gentlemen! DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
by Skyrexio
2
Pitchfan From ScratchHello, traders! Today we’ll continue to speak about graphical tools of trading view. We have already completed Fib. Retracement, Gann Square and different kinds of Pitchfork. Today we’ll speak about extremely useful tool, that we are integrating in our strategies. So, ladies and gentlemen, love and favor, Pitchfan. A Pitchfan is a set of rays spreading out of the point of a trend's beginning. These rays inclined with the coefficients formed by a Fibonacci number sequence.it is recommended to apply a Pitchfan after the first wave of the trend has passed and the correction has clearly begun. To draw a Pitchfan, it's first and second points are to be set at the trend's extreme points, and the third point is to be set at the extreme point of the first correction wave. Basically, during the bullish trend, put the first point to the beginning of the trend, second to first confirmed higher high, third to the first confirmed higher low. Whereas during bearish trend put the first point to the beginning of the trend, second to first confirmed lower low, third to first confirmed lower high. When I say «confirmed», I mean two-three candles should close after the high lower and after the low - higher. Kinda difficult? Have a look at the chart and should become more clear. What does it say? Initially, if you plot it correctly, it’ll give you clear support resistance levels. This’s information, in my opinion is priceless for any trader cause it’s much easier to predict the future price movements. But the best of usage, seems to me, in conjunction with Fib Retracement or Trend based Fib. Extension. If it’s interesting to you, dear traders, write down to comments and advise the third indicator or tool. So, we’ll make the trading strategy together. Read my tutorials, write questions to comments and you are about to boost up. Have a nice trading week, dear traders! DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Education
by Skyrexio
2
Fib Retracement From ScratchHello, traders! As you can see, SkyRock traders always use Fib tools for our analysis and predictions. We find Fibonacci tools a great powerful series of instruments that’s necessary to use. Today we’ll speak about one of my favorite TA tools - Fib Retracement. Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They are based on Fibonacci numbers. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The indicator is useful because it can be drawn between any two significant price points, such as a high and a low. The indicator will then create the levels between those two points. Well, it seems to be not very important and attractive how to calculate Fib Retracement Levels. You should just know that they are based on something called the Golden Ratio. It’s believed that all natural laws are based on this ratio. However, the right usage of it is deadly important. To initialize it, put the first point to the previous lower low and the second to the confirmed higher high during the up-trend and vice versa during the sown-trend. What can it tell you? Initially, support and resistance. It could hardly be possible to find the tool better for such purpose. Then, the levels of it is usually reached, thus it may produce some signals. Although it’s very powerful tool, it’s kinda ridiculous idea to use it marginally. Also, the areas of sideways is also defined by it, cause of high probability of consolidation in «Golden Pocket». And at last, it helps ms to define Gartley and Elliott patterns. Well, guys, as you can see it’s really great and multifunctional instrument that can help every of you to trade and make money trading. Use it in the right way! Have a nice trading day, dear traders! DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Education
by Skyrexio
4
COTIUSDT Small AnalysisHello, traders! Most of us asked me today to analyze Coti. Here you are. I hope you’ll enjoy my thoughts. Well, have a look at the chart. As you can see both on daily and weekly chart price is at the end of the cycle. That’s why it’s a good opportunity to earn some money. As we see on the daily chart, price is near the weekly pivot and the triangle will be broken up soon. I’m completely sure that it’ll go up with high probability of blowing up. I mean it, guys. The most pretty nice info the weekly chart gives. The previous price action looks like the first part of Elliott cycle. If it’s true, but I’m sure it is, it’ll blow very soon. So, I plotted the long opportunity on the chart. I hope, you are making your own analysis besides using my. I remember you, that it’s deadly important to get huge profits and boost your own trading skills. That’s why, don’t just follow my thoughts blindly. Analyze, think, and will gain success. Have a profitable day, traders! DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Long
by Skyrexio
2
PSYCHOLOGY OF A TRADER | MASTER EMOTIONS & MASTER THE MARKET The market is driven by people. The crowds are always behind strong market rallies. What the majority fails to recognize is the fact, that being chaotics in its nature, the markets are always trading in predictable patterns . Believe it or now, but the market participants are driven by the same emotional impulses . It does not really depend on how wealthy is the person. With the core motive being to make a ton of money with a little risk possible, we can derive a universal archetype . Every asset, every financial instrument has an element of a "potential value" . Being 100% subjective, an attempt to calculate the future value drives the market. Depending on the current expectation of the crowd and its emotions it is necessary for a professional trader to learn to play with its behavior. With many years of constant observations, the cyclic psychological curve was derived to explain the relationships between our emotions and market cycles. On the chart, I have drawn 9 main stages of trader's psychology: 😶 INDIFFERENCE - No opportunities are spotted, searching for the right pick. 🙂 OPTIMISM – Positive outlook leading us to buy a certain asset 😃 EXCITEMENT – Being initially right in our pick, we feel excited as bulls push the market to the new highs The moment of happiness and feeling of being "a true investor" 🤑 GREED – Being thrilled we start to ignore warning signs and add more and more cash to the market believing that the market will never stop. 😕 ANXIETY – The market starts taking our gains back. Being biased and nihilistic we keep holding the position, thinking that it is just a pullback. 😩 PANIC – Tremor. We are frozen. Emotions are draining our power. We are clueless and helpless. We totally lose the sense of control. 😭 DEPRESSION – Position is closed. Money is lost. Considering trading & investment industry to be a scam. 🤔 HOPE – The dawn. The market returns back to its normal state. Aspiration & desire to start again. 😆 RELIEF – Again we start to believe in our strength. We return and the cycle repeats. Do you recognize yourself in these stages? Please, support our work with like and comment. It really helps.
OANDA:XAUUSDEducation
by UnitedSignals
26
BNBUSDT Short-term Analysis Hello, traders! As you know, BNB is one of the most powerful altcoins with high capitalization and great fundamentals. That's why we consider it profitable to trade BNB if market conditions allow. Moreover, we'll show you how to apply techniques that we described in tutorials to get as much profit as it's possible. So, have a look at the plot. The first and the most important thing is Elliott pattern. As you can see, the ascending motive wave has been already interrupted and price is in the faze of correction. As you remember from our Elliott waves analysis tutorial, the first wave of correction ABC (wave A) is in motive style (12345). If you don't understand what we mean, please, initially read our tutorial "Mastering Elliott waves principles". In our opinion, the Wave A has already finished, and we should see the ascending corrective wave. Firstly , the price has rejected from monthly pivot. Secondly , not also pivot is support for it, but also 0.618 Fib. The past price action says that the breaking out these levels could hardly be possible now. However, market is very tough thing and there's no anything impossible. Considering all these facts we have built some possible scenarios Scenario A (most probable in our opinion) The price will built wave B of ABC reject from the pivot and 0.786 Fib level and go down to "golden pocket" or even lower. So, here are two possible trades. Long, at the beginning of wave B and short at the end of it. Scenario B The Bulls get more power and the first pivot will be broken out and it will reverse on the second one. Two possible trades are also represented in the scenario. Scenario C Strong sideways cause of strong support and resistance. As you know, it is advised not to do any trades on choppy market. All the scenarios are possible. However, market conditions are able to change rapidly. That's why, before making a trade make your own analysis and research. Have a nice trading day, dear traders! DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
by Skyrexio
7
The 8 Universal Rules of Successful TradingUTPs (Universal Trading Principles) are a set of trading rules you must not break. They cover entries, exits, strategies, and risk management. They form the backbone of your trading plan. Repeat these rules everyday, like a mantra, until you can recite them in your sleep. This will make you a successful trader. 1. Don't leave money on the table - I move my SLs to breakeven and lock in profits as the trade goes in my direction. The first rule of trading is to protect my trading capital. Without my capital, I am out of the game and cannot be a trader. So I do everything possible to protect it. 2. I scale in and out of trades - If my trade idea seems to work, I add to my position. If my trade doesn't work and approaches my SL, I am reducing my position. I am ALWAYS adding to working trades and NEVER to losing trades. This is how the most successful traders trade, and this is how I want to trade. 3. Final TPs - My final TP is based on horizontal S/R levels, weekly or monthly highs and lows. I confirm that markets are mostly ranging, i.e. my final TPs are always based on the normal distribution (e.g. weekly or monthly ATR). My TPs need to be REALISTIC. 4. Technicals are used only for entries and exits. The direction of the market is determined by fundamentals. I never trade against the fundamentals. 5. Position sizing - My stop-losses are always based on sound technical levels. My position size depends on the size of the stop-loss and the percentage of my trading account I want to risk on any single trade. I never risk more than 2% on a trade, and cut the risk-per-trade to 1% after a series of three losing trades. 6. Trading is a probability game - I acknowledge that successful trading is about probabilities. I don't know whether my next trade will be a winner, but I do know that I have a good chance to be in profit after the next 10 trades. 7. Trading is as simple as you make it - Fundamentals support my trades, but everything can happen (including a change of fundamentals and sentiment). Risk management prevents higher losses. There are always new opportunities. My goal isn't to be right, but to follow my UTPs. 8. Weekly journal reviews - I don't measure trading success by the profits I've made or the number of winning trades. My success is measured by how strictly I followed my UTPs. To review my trading, I am performing weekly journal reviews and try to identify any trading patterns that have a negative influence on my bottom line.
TVC:SPXEducation
by MujkanovicFX
ETHUSDT Short range Analysis | Both Long and Short PossibilitiesHello, traders! Today we gonna speak about Ethereum and possible trade opportunities on it. As you know, it's the most powerful Altcoin with great capitalization and powerful fundamentals. Moreover, some analysts call it the alternative of Bitcoin. We've already told, but you should remember that the great update will be on 21-th of July. Read about it in our related idea. Now, let's speak about technicals. Today we'll kill two birds with one stone. I'll show you the application of Gann Square and give some possible trades on ETHUSDT. Here we go! Let's have a look at the chart. As you can see, we have double top that tells us about the trend reverse. As you know, the range of the price goes down is the height of double top. As you can see, the price doesn't reach maximum level, thus the continuation of falling down is possible. Then, we have strong confirmed bearish divergence completed with crossover. This tells us about the highly probable price. Let's have a look at Gann Square. Here we can see that the price is in local triangle that can be break either up, or down. Moreover, we can see more global triangle that's broken broken below. Based on these knowledge, I see two possible outcomes. Scenario 1) Price returns to the blue triangle and after three bars closed inside it, we can enter the long positions. Take profit is on the top side of triangle, stop loss a bot lower than the current support-resistance line, entrance after 3 closed inside bars. Scenario 2) One-two bars closes under the triangle. Thus, we have consolidation under it and we can open short position. Take profit is put on weekly pivot and stop loss on possible level after the probable breaking down the resistance. Here you are my vision of future ETHUSDT. Please, don't enter position without your own analysis. It would boost your trading skills much better than just following over ideas. As you know guys, we work hard for you every day to make interesting and useful content. However, your opinion is extremely important for us. Thus, please, write down to comments what would you like to read about, what would you like to study and so forth. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
by Skyrexio
2