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Learn What Time Frame to Trade If you just started trading, you are probably wondering how to choose a trading time frame . In the today's post, I will go through the common time frames , and explain when to apply them. 1m; 5m, 15m Time Frames These 4 t.f's are very rapid and are primarily applied by scalpers. If your goal is to catch quick ebbs and flows within a trading session, that is a perfect selection for you. 30m, 1H Time Frame These 2 are perfectly suited for day traders. Executing the analysis and opening the trades on these time frames, you will be able to catch the moves within a trading day. 4h, Daily Time Frames These time frames are relatively slow. They are mostly applied by swing traders, who aim to trade the moves that last from several days to several weeks. Weekly, Monthly Time Frames These time frames reveal long-term historical perspective and are mostly used by investors and position traders. If your goal is to look for buy & hold assets, these time frames will help you to make a reasonable decision. 📝When you are choosing a time frame to trade, consider the following factors : 1️⃣ - Time Availability How much time daily/weekly are you able to sacrifice on trading? Remember a simple rule: lower is the time frame, more time it requires for management. 2️⃣ - Risk Tolerance Smaller time frames usually involve higher risk, while longer-term time frames are considered to be more conservative and stable. 3️⃣ - Your Trading Goals If you are planning to benefit from short term price fluctuations you should concentrate your attention on lower time frames, while investing and long-term capital accumulation suite for higher time frames. Time frame selection is nuanced and a complex topic. However, I believe that these simple rules and factors will help you to correctly choose the one for you. ❤️Please, support my work with like, thank you!❤️
TVC:DXYEducation
by VasilyTrader
4
Gold xauusd signal intraday 21-09-23R3 LRS 1944 - R2 MRS 1938 - R1 HRS 1932 S1 HRB 1933 - S2 MRB 1927 (SMC Demand Area) - S3 LRB 1921 (Sma200) SELL> 1938 – 1944 – 1950 BUY> 1914 -- 1921 – 1927 FOLLOW UP D1 On support Sma44/1926 Sma200/1925 W1 On support Sma44 / 1915 MN 38.2% / 1903 Macro Fibo at strong Support OBSERVATIONS: Bull flag in D1 TF forming provided the long wick on head is awaited to be filled. You can call it liquidity grab, imbalance etc etc. But Gold will test 1953 one more time. Another long wick on the head pierced the descending trend line of W1 TF and the price will go for it. Although it will be difficult to carry on above it. Yes this time three entry points as the range will be widening. Good luck. There is more to listen.....
FXOPEN:XAUUSD
by wajidalikhan2123
2
Mastering Crypto Trading with Fixed Volume Range Profile 📊🚀Fixed Volume Range Profile (FVRP) is a powerful tool for crypto traders seeking deeper insights into market dynamics. It allows you to visualize price and volume data in a unique way, helping you make informed trading decisions. In this comprehensive guide, we'll walk you through the fundamentals of using Fixed Volume Range Profile for trading cryptocurrencies. Understanding Fixed Volume Range Profile (FVRP): FVRP is a graphical representation of price and volume data within specific price ranges. It divides the trading range into equal volume intervals, providing a snapshot of where most trading activity occurred. Key elements of FVRP include: Price Range: The trading range under consideration, typically from a few hours to several days. Volume Intervals: Equal-volume increments within the price range. Profile Bars: Vertical bars representing the volume distribution at each price level. How to use it ? 1. You need to open any stock/crypto/indices that you want . 2. Look at screenshot to open this tool 👇 3. Attach first point to the start of impulse (Highest point before trend change) and second to the end of impulse (Lowest point of impulse) . Or identify biggest trading volumes in a range 👇 Some more samples 👇 Using FVRP for Crypto Trading: Now, let's explore how to utilize Fixed Volume Range Profile for crypto trading: 1. Identifying Key Levels: Start by selecting the cryptocurrency and the specific timeframe you want to analyze. Plot the FVRP on your chart. This will create profile bars within the specified price range. Pay attention to areas where the profile bars are the tallest or thickest. These represent high-volume nodes and are crucial support/resistance levels. 2. Trading Signals: High-Volume Nodes: When the price approaches a high-volume node, it often acts as strong support or resistance. Look for potential buy/sell signals near these levels. Gaps: Gaps between profile bars indicate a lack of trading activity in that range. Breakouts from these gaps can signal strong price movements. 3. Combining with Other Indicators: To enhance your trading strategy, consider using FVRP in conjunction with other technical indicators like Moving Averages, RSI, or MACD. Confirm your signals with multiple indicators to reduce false alarms. 4. Risk Management: Always use stop-loss and take-profit orders to manage risk. Determine your position size based on your risk tolerance and the distance to your stop-loss. 5. Monitoring Market Sentiment: FVRP can provide insights into market sentiment. For example, a concentrated volume node near a resistance level may indicate strong selling pressure. 6. Backtesting: Before trading with real capital, practice using FVRP on historical data to refine your strategy. Conclusion: Fixed Volume Range Profile is a valuable tool that empowers crypto traders with a unique perspective on market data. By identifying key support/resistance levels, gauging market sentiment, and combining FVRP with other indicators, you can make more informed trading decisions. However, remember that no single tool guarantees success in trading. Always approach the market with caution, practice risk management, and continuously educate yourself to stay ahead in the ever-evolving world of crypto trading. 📊💹🚀
Education
by AlexWhale
The Descending Channel Pattern 📈🐂Understanding the Descending Channel Pattern: The descending channel pattern is a price pattern that forms on a chart over an extended period. It consists of two parallel trendlines: an upper trendline that connects the lower highs and a lower trendline that connects the lower lows. These trendlines create a descending channel that slopes downward. Key Characteristics of the Descending Channel Pattern: Slope: The channel slopes downward, indicating a gradual decline in price over time. Support and Resistance: The lower trendline serves as support, and the upper trendline acts as resistance. Prices typically move within this channel. Duration: Descending channels can persist for weeks, months, or even longer, making them suitable for long-term trading strategies. Trading the Descending Channel Pattern: Here's how you can effectively trade the descending channel pattern in Bitcoin: Identify the Pattern: Begin by identifying a clear descending channel on the Bitcoin chart. Look for multiple touches on the upper and lower trendlines. Entry Point: Consider entering a long (buy) position when the price approaches the lower trendline, which acts as strong support. This is often an optimal entry point. Stop-loss: Place a stop-loss order below the lower trendline to manage risk. If the price breaks below this support, it could signal a trend reversal. Take Profits: Set your take-profit levels near the upper trendline, which acts as resistance. This is where you can consider selling your position to lock in gains. Confirmation: Look for additional confirmation factors, such as positive news developments, strong trading volume, or bullish indicators, to increase your confidence in the trade.
Long
by Yaroslav_Krasko
Gold xauusd intraday signal 20-09-23R3 LRS 1942 - R2 MRS 1938 (SMC Supply Area) - R1 HRS 1934 S1 HRB 1930 - S2 MRB 1925 (SMC Demand Area) - S3 LRB 1920 (Sma200) SELL> 1938 - 1944 - BUY> 1930 - 1926 FOLLOW UP D1 On support Sma44/1926.58 Sma200/1923.89 W1 On support Sma44 / 1915 MN 38.2% / 1903 Macro Fibo at strong Support OBSERVATIONS: The golden cross mentioned yesterday is established. All of the supports in larger time frames are working strong and creating virtual supports in smaller TFs. However W1 descending trend line and Sma44 has formed a neutral symmetrical triangle. Breaking any of them will determine price action for the next week. NOTE:- LISTEN TO THE END, I OFTEN SPEAK MORE THAN WHAT IS WRITTEN HERE. THERE ARE TIPS FOR THE FUTURE PERSPECTIVE.
FXOPEN:XAUUSD
by wajidalikhan2123
Guide: SMA and RSI for Trend ReversalsWelcome, traders! In this comprehensive guide, we'll explore a long-term trading strategy that leverages two powerful technical indicators: the Simple Moving Average (SMA) and the Relative Strength Index (RSI). By the end, you'll have a solid understanding of how to use these tools to identify trend reversals and make informed trading decisions with a focus on the bigger picture. 📉📈 Educational Objectives: Understand the concept of long-term trading and its benefits. Learn how to use the Simple Moving Average (SMA) to identify trends. Master the Relative Strength Index (RSI) for spotting overbought and oversold conditions. Combine SMA and RSI for a comprehensive long-term trading strategy. Recognize key points of trend reversal for well-timed entries. 📌 Part 1: The Foundation of Long-Term Trading Long-term trading focuses on capturing significant price movements over extended periods. It requires patience, discipline, and the ability to ignore short-term noise. 📌 Part 2: Understanding the Simple Moving Average (SMA) SMA is a trend-following indicator that smooths price data to reveal the underlying trend. The 200-day SMA is particularly useful for long-term analysis, indicating the overall trend direction. An upward-sloping 200-day SMA suggests a bullish trend, while a downward slope indicates a bearish trend. 📌 Part 3: Mastering the Relative Strength Index (RSI) RSI measures the speed and change of price movements, helping identify overbought and oversold conditions. An RSI above 70 suggests overbought conditions and a potential trend reversal. An RSI below 30 indicates oversold conditions, potentially signaling a trend reversal to the upside. 📌 Part 4: Combining SMA and RSI for Long-Term Trading Look for confluence: Confirm trend reversals when the 200-day SMA aligns with RSI overbought or oversold signals. A bearish signal could be an overbought RSI crossing below the 200-day SMA, signaling a potential downtrend. A bullish signal might be an oversold RSI crossing above the 200-day SMA, suggesting a potential uptrend. 📌 Part 5: Identifying Points of Trend Reversal Key points to recognize trend reversals include: Divergence: When the price makes new highs or lows but RSI doesn't, it signals a potential reversal. Crossovers: Pay attention to the 200-day SMA crossing above or below the price chart. Volume: Increasing trading volume often accompanies trend reversals. 🚀 Conclusion: Long-term trading can be highly rewarding, but it requires a deep understanding of market trends and the right tools. By combining the SMA and RSI indicators, you gain a powerful strategy for identifying trend reversals and making well-informed trades with long-term potential. Remember that no strategy is infallible, so always employ proper risk management techniques and continuously refine your trading skills. ❗See related ideas below❗ Like, share, and leave your thoughts in the comments! Your engagement fuels our crypto discussions. 💚🚀💚
INDEX:BTCUSDEducation
by Yaroslav_Krasko
1
4 Classic Bullish Patterns EVERY TRADER Must Know In the today's post, we will discuss accurate bullish price action patterns that you can apply for trading any financial instrument. 1️⃣Bullish Flag Pattern Such a pattern appears in a bullish trend after a completion of the bullish impulse. The flag represents a falling parallel channel. The market corrects itself within. Bullish breakout of the resistance line of the channel is a strong bullish signal that can be applied for buying the market. Best entries should be placed immediately after a breakout or on a retest. Safest stop loss is below the lows of the flag. Target - the next key resistance. Here is the example of a bullish flag pattern that was formed on Gold on a 1H time frame. As you can see, after the breakout of the resistance of the flag, a strong bullish rally initiated. 2️⃣Ascending Triangle Such a pattern forms in a bullish trend on the top of the bullish impulse. The market starts consolidation, respecting the same highs and setting higher lows simultaneously. The equal highs compose a horizontal resistance that is called the neckline. Its breakout is an important sign of strength of the buyers. Buy the market aggressively after a violation, or set a buy limit order on a retest. Stop loss should lie at least below the last higher low within a triangle. Target - the next strong resistance. Take a look at that ascending triangle formation on EURUSD. Bullish breakout of its neckline was a perfect bullish signal. 3️⃣Falling Wedge That formation is very similar to a bullish flag pattern. The only difference is that the price action within the wedge is contracting so that the trend line of the wedge are getting closer to each other with time. Your signal to buy is a bullish breakout of the resistance of the wedge. Stop loss is strictly below its lows. Target - the next key resistance. GBPUSD formed a falling wedge on a 4H time frame, trading in a strong bullish trend. You can behold how nicely the price bounced after a breakout of its upper boundary. 4️⃣Horizontal Range Similarly to the ascending triangle, the horizontal range forms at the top of a bullish impulse in a bullish trend. The price starts consolidation, then, setting equal highs and equal lows that compose a horizontal channel. Breakout of the resistance of the range is a strong trend-following signal. Buy the market aggressively after a breakout or conservatively on a retest. Stop loss will lie below the lows of the range. Target - the next strong resistance. Dollar Index formed a horizontal range, trading in a strong bullish trend. Breakout of the resistance of the range triggered a bullish rally. The best part about these patterns is that they can be applied on any time frame. Whether you are a scalper, day trader or swing trader, you can rely on these formations and make consistent profits.
FOREXCOM:XAUUSDEducation
by VasilyTrader
10
Bitcoin's Recent Battle with Fibbonaci🛡️Hey there, crypto enthusiasts! Let's take a closer look at the recent Bitcoin pump that didn't quite take off as expected. It turns out, we encountered a significant resistance level at the 0.5 Fibonacci retracement on the Fibonacci retracement tool. 📊💡 🌐 The Fibonacci Fascination: Before we delve into the recent action, let's touch on the golden tool of technical analysis – the Fibonacci retracement. It's a tool that helps traders identify potential support and resistance levels on a chart based on the Fibonacci sequence. 💰 The Golden Ratio: In this case, we're talking about the golden Fibonacci retracement, the 0.5 level. This level is often seen as a crucial point on the chart. When an asset like Bitcoin retraces to this level, it can act as either strong support or resistance. 📈 The Recent Pump: Bitcoin recently experienced a significant price pump, and many were hopeful that it might lead to a substantial rally. However, the price action encountered resistance right around the 0.5 Fibonacci retracement level. 🛡️ The Battle at 0.5: This level represents a critical point where traders and algorithms make decisions. It can be a make-or-break point for a potential bullish run. 📊 Fibonacci in Action: To use Fibonacci retracement, simply select the tool on your trading platform, and then click on a significant swing low and drag to a swing high. The tool will automatically plot the retracement levels, including the golden 0.5 Fibonacci retracement level. 📚 Fibonacci Tips: When using Fibonacci retracement, keep these tips in mind: Look for confluence with other technical indicators. Consider it a tool in your trading toolbox, not a standalone strategy. Combine it with your overall trading plan and risk management. Remember, while Fibonacci retracement is a powerful tool, it's not foolproof, and market dynamics can change rapidly. Stay informed, stay adaptable, and keep honing your trading skills. 🔄📈
Education
by AlexWhale
Role of Risk Management in Trading and How to calculate riskThe Foundations of Solid Risk Management 🛡️📊: Risk management in trading involves a series of strategic decisions aimed at minimizing potential losses. It revolves around understanding the risks associated with each trade and employing measures to mitigate them. Whether you're a novice or an experienced trader, risk management remains a non-negotiable aspect of sustainable trading. 👍 Pros of Effective Risk Management: Shields your trading capital from significant losses. Provides a structured framework for decision-making. Fosters discipline and rationality in the face of market fluctuations. 👎 Cons of Neglecting Risk Management: Exposes your portfolio to undue risks that can lead to substantial losses. Increases the likelihood of emotional decision-making driven by fear and greed. The Emotional and Financial Benefits of Risk Management 🧘‍♂️❤️: Effective risk management isn't just about preserving your financial resources; it's also about maintaining emotional equilibrium. When traders implement robust risk management strategies, they reduce the psychological stress and anxiety that often accompany trading. This enables traders to make more logical decisions, avoiding impulsive actions triggered by heightened emotions. Calculating Position Size and Setting Stop Losses 📈🛑: Two key elements of risk management are calculating the appropriate position size and setting stop-loss levels. These practices are integral to controlling the amount of capital at risk in each trade. By determining the position size based on a percentage of your capital and setting stop-loss orders to limit potential losses, traders ensure that no single trade can significantly erode their account balance. Comparing Potential Losses and Gains for Different Risk Management Scenarios 💹📉: Let's explore how the 2% rule affects potential outcomes for different risk management scenarios: Risking 2% of a $1000 Deposit: Maximum Risk per Trade: $20 (2% of $1000) Potential Loss: Limited to $20 per trade Potential Gain: Can vary, but the focus is on maintaining risk control Risking 5% of a $1000 Deposit: Maximum Risk per Trade: $50 (5% of $1000) Potential Loss: Larger at $50 per trade Potential Gain: Higher, but the risk of significant losses is elevated Risking 10% of a $1000 Deposit: Maximum Risk per Trade: $100 (10% of $1000) Potential Loss: Considerably larger at $100 per trade Potential Gain: Higher compared to 2% risk, but risk of capital depletion is significant How to calculate your position size ? You can easily calculate risk directly in TradingView using the built-in calculator! Choose the direction of your position - long or short. The next step is to set up according to your deposit and risk per trade. After that, simply drag it onto the chart in line with your stop loss and take profit (more on this in the upcoming article), and it will automatically calculate the position size for you!
Education
by Yaroslav_Krasko
11
Risk to Reward Ratio is the key to constant wins at tradingI love writing those articles on my Blog, mainly because I learn from reviewing my trades & secondary for the value it gives back to the trading community. I been preaching Trading is simple but not easy. It is based on following a winning trade plan. & how do you find such a plan? Try & fail, Try & succeed there is no other way. There is the possibility of a generous soul teaching how a winning strategy & thats what I hope to do in this article. I will share 2 rules Rule number 1 Always trade the bigger picture. Find out what the bigger picture chart is doing & trade based on that. In this trade am placing my trade decision in the (W) chart the top chart in white. My bigger picture chart is the monthly (M) not shown. And the chart I use to time my enter & exit is the Day chart (D) below in Black Rule number 2 Risk to Reward ratio, This should be rule #1 but I placed it as number 2 to add importance to the rules of trading the bigger picture. Aim for a Risk to Reward ratio of 3 to 5. This means you asses the Risk (how. much money you can loose) before you asses the Reward (how much money you can win). In this trade, the bigger picture chart (M) is in a downtrend. The trading chart (W) comes into untested Supply Zone (SZ) with a Risk of less than a dollar. I take my SHRT in the red Circle The reward is 4-5 dollars per share, mostly due to a price free fall zone, with little Demand zone (DZ) to challenge the price. I took profit at two point marked by the red X in the Daily chart. There are odd enhancers as to why I took this trade, but they are outside the scope of this blog. If you like to learn more about my winning trading strategy that I been practicing for 11 years. Follow my Blog & learn to trade smarter.
TSX:ACShort
by greatful-me
SILVER (XAGUSD): Important Key Level to Watch 🪙 Silver is currently testing a key horizontal demand zone. Taking into consideration that the market is quite oversold after a strong bearish rally, we may see the pullback from the underlined area. Your confirmation to buy will be a bullish breakout of a neckline of a horizontal range on an hourly time frame. Hourly candle close above 23.2 will confirm the violation, a pullback will be expected to 23.33 / 23.45 levels then. ❤️Please, support my work with like, thank you!❤️
OANDA:XAGUSDLong
by VasilyTrader
3
Learn the 4 Best Strategies to Maximize Your Profits Today In the today's article, we will discuss 4 classic yet profitable forex and gold trading strategies. 1️⃣Pullback Trading Pullback trading is a trend-following strategy where you open the positions after pullbacks. If the market is trading in a bullish trend, your goal as a pullback trader is to wait for a completion of a bullish impulse and then let the market correct itself. Your entry should be the assumed completion point of a correctional movement. You expect a trend-following movement from there. In a bearish trend, you wait for a completion of the bearish impulse, let the market retrace, and you look for short-entry after a completion of the retracement leg. Here is the example of pullback trading. On the left chart, we see the market that is trading in a bearish trend. A pullback trader would short the market upon completion of the correctional moves. On the right chart, I underlined the buy entry points of a pullback trader. That strategy is considered to be one of the simplest and profitable and appropriate for newbie traders. 2️⃣Breakout Trading Breakout trading implies buying or selling the breakout of a horizontal structure or a trend line. If the price breaks a key support, it signifies a strong bearish pressure. Such a violation will trigger a bearish continuation with a high probability. Alternatively, a bullish breakout of a key resistance is a sign of strength of the buyers and indicates a highly probable bullish continuation. Take a look, how the price broke a key daily resistance on a daily time frame. After a breakout, the market retested the broken structure that turned into a support. A strong bullish rally initiated from that. With the breakout trading, the best entries are always on a retest of a broken structure. 3️⃣Range Trading Range trading signifies trading the market that is consolidating. Most of the time, the market consolidates within the horizontal ranges. The boundaries of the range may provide safe points to buy and sell the market from. The upper boundary of the range is usually a strong resistance and one may look for shorting opportunities from there, while the lower boundary of the range is a safe place to buy the market from. EURCAD pair is trading within a horizontal range on a daily. The support of the range is a safe zone to buy the market from. A bullish movement is anticipated to the resistance of the range from there. Taking into considerations, that the financial instruments may consolidate for days, weeks and even months, range trading may provide substantial gains. 4️⃣Counter Trend Trading Counter trend trading signifies trading against the trend. No matter how strong is the trend, the markets always trade in zig-zags. After impulses follow the corrections, and after the corrections follow the impulses. Counter trend traders looks for a completion of the bullish impulses in a bullish trend to short the market; and for a completion of bearish impulses in a downtrend to buy it. Here is the example of a counter trend trade. EURJPY is trading in a bullish trend. However, the last 3 bearish moves initiated from a rising trend line. For a trader, shorting the trend line was a perfect entry to catch a bearish move. Such trading strategy is considered to be one of the most complicated, because one goes against the crowd and overall sentiment. With the experience, traders may combine these strategies. Try them all, and find the one that suites you the most. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDEducation
by VasilyTrader
38
Learn the KEY PRINCIPLES of Technical Analysis In the today's article, we will discuss the absolute basics of trading - 3 key principles of technical analysis. 1️⃣History Repeats History tends to repeat itself in the Forex market. Certain trends are cyclical and may reemerge in a predictable manner, certain key levels are respected again and again over time. Take a look at the example: Silver perfectly respected a historical horizontal resistance in 2011 that was respected in 1980 already. Moreover, the price action before and after the tests of the underlined zone were absolutely identical. 2️⃣Priced In All relevant information about a currency pair: economical and political events, rumors, and facts; is already reflected in a price. When the FED increased the rate 26th of July by 25 bp, EURUSD bounced instead of falling. Before the rate hike, the market was going down on EXPECTATIONS of a rate hike. The release of the news was already price in. 3️⃣Pattern DO Work Some specific price models can be applied for predicting the future price movements. Technicians strongly believe that certain formations - being applied and interpreted properly, can give the edge on the market. Depending on the trading style, different categories of patterns exist: harmonic patterns, price action patterns, wave patterns, candlestick patterns... Above, I have listed various price action patterns that are applied by many traders and investors as the main tool for analyzing the financial markets. If you believe in these 3 principles , you are an inborn technician! Study technical analysis and learn to apply these principles to make money in trading. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDEducation
by VasilyTrader
8
High vs Low in Time-frame Decisions🕒🚀🕒 Big Timeframes: Imagine looking at a painting from a distance – that's the essence of big timeframes. Daily, weekly, and monthly charts offer a broader view of an asset's performance over extended periods. They help you identify long-term trends and major price movements. 📊 Small Timeframes: Now, picture examining a single brushstroke – that's small timeframes. Hourly and minute charts provide granular details of short-term price action. They're useful for spotting quick trading opportunities and assessing market sentiment in the moment. 💡 Investment Approach: When it comes to investing, consider your goals and risk tolerance. Big timeframes are great for long-term investors who prioritize stability and are willing to ride out market fluctuations. Small timeframes suit traders looking to capitalize on short-term price movements. 🚀 Finding Balance: There's no one-size-fits-all answer. Many investors use a combination of both big and small timeframes. Large timeframes provide context, while small timeframes offer insights into entry and exit points. So, what's the takeaway from this timeframe comparison? 📈 It's about understanding that different timeframes offer unique insights. Whether you're a patient investor or an active trader, the key is to align your timeframe with your investment strategy. Stay curious, stay adaptable, and remember – the art of investing involves choosing the canvas that best suits your artistic vision! 🎨🚀
Education
by AlexWhale
Your ULTIMATE Guide For Time Frames in Trading If you just started trading, you are probably wondering what time frames to trade. In the today's post, I will reveal the difference between mainstream time frames like daily, 4h, 1h, 15m. Firstly, you should know that the selection of a time frame primarily depends on your goals in trading. If you are interested in swing trading strategies, of course, you should concentrate on higher time frames analysis while for scalping the main focus should be on lower time frames. Daily time frame shows a bigger picture. It can be applied for the analysis of a price action for the last weeks, months, and even years. It reveals the historical key levels that can be relevant for swing traders, day traders and scalpers. The patterns that are formed on a daily time frame may predict long-term movements. In the picture above, you can see how the daily time frame can show the price action for the last years, months and weeks. In contrast, hourly time frame reflects intraweek & intraday perspectives. The patterns and key levels that are spotted there, will be important for day traders and scalpers. The setups that are spotted on an hourly time frame, will be useful for predicting the intraday moves and occasionally the moves within a trading week. Take a look at the 2 charts above, the hourly time frame perfectly shows the market moves within a week and within a single day. 4H time frame is somewhere in between. For both swing trader and day trader, it may provide some useful confirmations. 4H t.f shows intraweek and week to week perspectives. Above, you can see how nicely 4H time frame shows the price action on EURUSD within a week and for the last several weeks. 15 minutes time frame is a scalping time frame. The setups and levels that are spotted there can be used to predict the market moves within hours or within a trading session. Check the charts above: 15 minutes time frame shows both the price action within a London session and the price action for the last couple of hours. It is also critical to mention, that lower is the time frame, lower is the accuracy of the patterns and lower is the strength of key levels that are identified there. It makes higher time frame analysis more simple and reliable. The thing is that higher is the time frame, more important it is for the market participants. While lower time frames can help to predict short term moves, higher time frames are aimed for predicting long-term trends.
OANDA:XAUUSDEducation
by VasilyTrader
12
Trading Lesson 👨‍🏫#2 - Understanding Consolidations in CryptoIn today's lesson I will explain the difference in consolidations. Some of you are new to the market and are probably wondering what's happening exactly when it's not moving in price and when it's moving down more than up but would later return to the last price it was. Well to best answer that question. It's called consolidation: It's a thing that happens in the crypto market where waves of prices fluctuate up and down calculating the sells and buys of the market until it meets a point of exit - after consolidating the actual price of the market you're in, and only has two places it can go. There are two types of consolidation. The first is where it does a price correction where you have rapid 📉drops or rapid 📈rises. An lastly is a repeated wave🏄🏼‍♀️ that can run in the same location for a few hours, sometimes days, give or take how many orders were made within the past few minutes - hours - days - weeks or months. Consider it like a balloon🎈 being blown into until it 💥pops!💥 Now this is where the problem begins - we don't know where it may go once it's done, could go up or down and when that balloon has popped it's rapidly going there. We could see the 0.00002000 - range within a few hours or just see 0.00000900 range within a few minutes, depending on the orders made for shib and the rest of the market as a whole, this can last for days, weeks depending on the amount of buys or sells. Also note these are when you get the same surprise jumps like we did in 2021. It started off from the 850's and jumped to the 0.00001300 within a day. However; right behind it, is a price correction waiting for a peak in the returns to meet its end. Once that happens it'll just fall or rise back to where the price actually suppose to be and starting the process all over again. You may not know it but there are all forms of consolidations on ever chart from 1 minute to 4 hours to 1 day to 12 months. You're in a consolidation right now and you don't even know it. Like the ones that occur on a weekly chart, This is what I call "a Seasonal Trend" the day, week, or month, is in a seasonal consolidation and is trending high or low. But note anything can stop a seasonal trend and disrupt the flow of it, but it will continue the process as long as the damage done was not to bad such as major crashes in a seasonal up trend due to outside interferences such as massive sell-offs, regardless it'll still attempt to rise back because it's in a wave that's trending up-word, if the wave was trending down then it would do way more damage than expected. But the worst thing to do in a consolidation day - is to sell while it's consolidating, the price may not go no higher or no lower, and if you sell while at a low price in a consolidation you will likely lost position and will have to wait for it to finish to get more shares let alone the original shares, that's if it drops, so best to hold while in a consolidation day, at least until closing. So I hope this answers anyone question as to why your crypto stock of choice is not moving anywhere, it may not move for hours or even days. you'll just have to wait for closing hour to see if it will pop - hopefully on a positive outcome. So Happy Trading Everyone
Education
by Grandmaster_Oz
Poker + Trading = Winning HandHello dear @TradingView community! Today let’s focus on how Poker game enhances trading excellence. In the sports, athletes often engage in cross-training to prevent injuries and boost performance. For instance, football players explore swimming and weight trainings, while runners embrace activities like hiking and cycling. But have you ever considered a form of mental cross-training that could significantly improve your trading skills? Enter the arena of virtual poker. Picture this: Poker and trading, both sedentary pursuits where your mind takes center stage. In the same way athletes focus on honing specific muscle groups, traders must nurture their mental agility. In this realm, poker emerges as potent tool for refining skills that transcend the trading landscape. 1. Risk Management: A Calculated Gamble In the world of poker, going "all in" can swiftly lead to losing everything on a weak hand, much akin to the risks of trading. Strategic players understand the value of managing risks. Just as traders avoid recklessly investing their entire capital, poker players refrain from putting all their chips on the line. The lesson is clear: prudent risk management is the bedrock of success. When trading, the rule of never jeopardizing more than 1% of your account on a single trade reigns supreme. This practice mimics poker's ante system, where even a $100 buy-in allows you to engage in up to 100 hands, each risking only 1%. By staying in control and considering odds, both poker players and traders minimize the chances of "blowing up" their hard-earned gains. 2. Emotional Mastery: The Art of the Poker Face A trader's prowess lies in following set rules and staying emotionally neutral. In trading, think "Spock-like" focus, or the legendary "poker face." Concealing emotions and making calculated moves regardless of the hand you're dealt defines success. Just as a poker player keeps a straight face to prevent opponents from reading their hand, traders curb emotional impulses that can lead to hasty decisions. 3. Probabilities and Persistence Ever heard the phrase "You gotta be in it to win it"? While it may apply to lotteries, poker and trading echo a more nuanced sentiment. In both arenas, it's about understanding the odds and playing consistently. Just as a skilled poker player capitalizes on favorable odds to raise the stakes, traders must recognize high-probability patterns and seize opportunities. 4. Humility: Staying Grounded in a Fickle Realm In poker, overconfidence can be fatal. The same rings true in trading. A winning streak can inflate one's ego, leading to rash decisions. A humbling poker loss teaches the crucial lesson of respecting probabilities and staying vigilant. By acknowledging that the market, like the poker table, is unpredictable, traders guard against costly mistakes borne from hubris. 5. Setting Financial Goals: Knowing When to Fold Casinos shower players with perks, knowing the allure of winning often overshadows rationality. Similarly, traders who've experienced an early-session surge often squander gains through overtrading. Establishing a financial target and having the discipline to "fold" when achieved prevents pitfalls fueled by greed. Just as a poker player may walk away after doubling their money, traders secure profits by adhering to predefined goals. 6. Community and Learning: The Power of Like-Minded Allies Thriving in a community of dedicated individuals fuels growth. Poker players and traders alike benefit from shared insights and experiences. Engaging in online poker communities or joining global poker circles offers a haven for mutual learning. As traders refine their craft, they unlock not only poker prowess but also a deeper understanding of market dynamics. Intriguingly, virtual poker emerges as an unexpected but valuable ally for traders seeking to enhance their skills. It's more than a game; it's a training ground for honing the mental acuity vital for success in trading's challenging realm. So, are you ready to deal your hand and sharpen your trading edge? Remember, whether you're at the poker table or the trading desk, calculated moves, emotional control, strategic thinking, and community engagement are your aces in the hole. Best of luck, and who knows, maybe we'll even cross paths at the poker table one day!
INDEX:BTCUSDEducation
by Vestinda
Trading Exposed: The Hard-Hitting Truth Behind the 99% Who Fail The picture above completely represents the real nature of trading: We all came here because we all wanted easy money. Being attracted by catchy ads, portraying the guys on lambos, wearing guccies and living fancy lives, we jump into the game with high hopes of doubling our tiny initial trading accounts. However, the reality quickly kicks in and losing trades become the norm. The first trading account will most likely be blown. In just one single month, 40% of traders will be discouraged and abandon this game forever. The rest will realize the fact that the things are not that simple as they seemed to be and decide to start learning. The primary obstacle with trading education though is the fact that there are so much data out there , so many different materials, so many strategies and techniques to try, so the one feels completely lost . And on that stage, one plays the roulette: in the pile of dirt, he must find the approach that works. 80% of the traders, who stay after the first month, will leave in the next 2 years. Unfortunately, the majority won't be able to find a valid strategy and will quit believing that the entire system is the scam. After 5 years, the strongest will remain. The ones that are motivated and strong enough to face the failures. With such an experience, the majority of the traders already realize how the things work. They usually stuck around breakeven and winning trades start covering the losing ones. However, some minor, tiny component is still missing in their system. They should find something that prevents them from becoming consistently profitable. Only 1% of those who came in this game will finally discover the way to make money. These individuals will build a solid strategy, an approach that will work and that will let them become independent. That path is hard and long. And unfortunately, most of the people are not disciplined and motivated enough to keep going . Only the strongest ones will stay. I wish you to be the one with the iron discipline, titanic patience and nerves of steel.
OANDA:XAUUSDEducation
by VasilyTrader
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