The Advantages of Price Action (Technical Analysis) Technical Analysis (AKA Price Action)
Technical analysis is the understanding and observing of markets through the only thing that matters; price. Prices generate similar patterns over time, in every market. A single price chart contains more information than you would ever imagine at first glance. Everything you need to know about any company, or market is on the chart in front of you. The current price is what the true value of the market is, regardless of news, indicators, or anything else.
The Advantages of Technical Analysis (Price Action)
No News - Everything you need to know is on the chart in front of you. Completely disregard all news and outside information. All news is already built into the current price. The price action of the market is all you need to know. Once you understand how institutions operate, you can follow them.
No indicators. All indicators are a derivative of price. For example a Fibonacci level. Every price on a chart is a Fibonacci level of some other price on the chart. Although they appear to work, these levels do not work because of Fibonacci. But instead due to the traders equation, which is the mathematical formula institutions use to enter and manage trades.
Clearly define support and resistance. You can see on a chart where prices are likely to do something. These are "Key entry points" or "Buy and Sell Zones."
Clearly define risk and edge. With technical trading, you have the ability to define your risk before getting into a trade. If the market does not do what you expected, and instead goes beyond your stop, you exit. Without needing to wonder about why this happened, or constantly observing the news.
Identify the strongest markets without relying on outside information like news, indicators, someone else, or a "tip." Become independent and trade for your self.
If you found this helpful please like! Feel free to comment or ask questions.
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Evening Star Pattern TechniquesIn this example, you will see an evening star signal who’s third candlestick engulfs the first and second candlestick in the pattern. This is a high probability signal , although it usually does not make for a very good risk to reward scenario.Trading the Morning Star Candlestick Pattern, I mentioned that I prefer to wait for a pullback on signals that have an engulfing third candle. That’s exactly how I would have played the signal below.
By waiting for a pullback in price to the 50% mark of the large, third candlestick in this pattern, you either
create a more favorable risk to reward scenario, or you avoid the trade altogether.
In our example,we would have stayed out of the trade using this technique.
Learn how to fish Support orange arrows.
Resistance purple arrows.
Who says you cant see trade setups just using zones and levels? It looks pretty simple to me, You can see how strongly this zone is respected from where price has entered our zone and then bounced ( marked by arrows )
Now it seems pretty clear to us where price is heading and we haven't got any indicators on our charts at all, just clean fresh charts.... quick someone call the FOREX POLICE because we must be committing a crime as everywhere we look we see stupid charts that look like a 5 year old has drawn on them... These charts may work for the person using them but they are also used to try and confuse people into thinking that trading is hard so they will pay for help from this person.
Yes we sell high quality signals, but honestly we would rather people learnt to trade themselves, this is why we don't over complicate charts... YOU CAN GIVE A HUNGRY MAN A FISH TO CURE HIS HUNGER FOR A FEW HOURS... OR YOU CAN TEACH HIM HOW TO FISH SO HE CAN EAT FOR THE REST OF HIS LIFE. We prefer to show people how to fish if you get my drift ;)
Keep charts simple... Dont let them fool youORANGE ARROWS - SUPPORT
PURPLE ARROWS - RESISTANCE
Look at the chart and tell me that support and resistance and supply and demand zones are not the way to trade, then I will tell you to folk off ;p
As you can see that every time price entered into one of our zones it bounced or if it did break it made a big move, the same happened with our support/resistance line... Come on people it really doesn't take a genius to work this stuff out!
Find a strong area/zone of support and resistance, place them on your charts and price will respect them time and time again for years to come, this gives you a head start over the market, you see peoples charts that look like an artist has thrown up over them, charts with more lines on than a table at a wall street office party :p.... These indicators only confuse you and stop you seeing what's going on, look at our charts they are nice and clean and you can spot setups easy.
Keep it simple and you will succeed, confuse things and the market will destroy you.
Mission Statement for the "- in Review" seriesI'm not sure of the exact figures, but I think TradingView has about 7M+ users. That's 7M+ people working towards the same end. 7M+ people with insights and ideas. 7M+ people with access to an in-house programming language tailored for trading and technical analysis. Yet despite this there's only a small, mumbling community for discussing Pine, trading and how to bring them together.
A few people have endeavored to change this and I'd like to play my part. So I'm going to begin publishing a series of articles through TradingView that will try to bring light to the secretly-active Pine community. The three titles I suggest will be: (1) "Week in Review", (2) "Coder in Review" and (3) "Script in Review".
One of the reasons I want to do this is because I think it's incredibly difficult for new users to get recognition for their brilliant work due to the current TradingView search system being an echo-chamber. Those with the most followers get the most views and the most likes and then more followers and more views and... LazyBear, a cherished asset of the TradingView community, is all some people will know and search for. This can be disastrous for building a lasting community around Pine and for developing your own concepts around trading. So I want to give more exposure to those who publish now so that we can all have the opportunity to be involved in conceptual progress. Hopefully in due time TradingView will revamp their search engine. Most popular scripts of the week/month/year would be a start, but I'm sure more could be done.
The articles written will never be defamatory or provocative. I don't want to rouse spirits, but focus minds. In that same vein, I will never shill someone's profile or scripts. All choices will be mine alone (unless I can poll effectively and transparently) and, as such, will have my biases (unless others join me in this effort)
Week in Review
Every Tuesday I'll pore through the scripts that have been published in the last week and select one for review, once it meets the minimum criteria. The criteria for being considered is: (A) for the script to be open-source and (B) not to be a direct copypasta-job from another coder. There's nothing wrong with using something not made by you to help you create something better though, but there has to be obvious improvements made from the original.
The script reviewed is meant to be my pick-of-the-bunch, but that is by no means an ultimate opinion. Some qualities that I'll most likely be looking for are: (A) creativity and innovation; just do as Ezra Pound did and "Make it new!", (B) usefulness: it can either be useful in it's own right, or it can be useful when used as a component within another script; both will be considered, neither will be favored and (C) a decent description of what it's supposed to do or how it's supposed to be used. Clean charts are a plus too: you only need the indicator you're publishing on the chart most of the time.
Aside from the script, there will be a brief mention of the programmer and their body of work.
Coder in Review
This is where I'll look over the portfolio of a user on TradingView and comment on their body of work, some of their best (my favorite) scripts and how they've helped the community to grow as a whole. The criteria for being considered are: (A) must have an account for over six months and (B) must have published at least ten scripts.
These won't be published regularly (at least not at the start), so I'll just push them out when I get the itch. From referencing so much of RicardoSantos' work in my initial builds, I felt indebted enough that I wanted to write him an essay explaining my thanks. I've since had that feeling for a lot of programmers. Some qualities I'll be looking for will be: (A) breadth of analysis and (B) efficient code.
Script in Review
Some weeks we're going to have a handful of top-notch scripts, most which we don't want discluded from the narrative. So in order to accommodate for them there'll also be a "Script in Review" thread of articles. This will also give me the opportunity to discuss scripts that were published a long time ago. Criteria to be included will be the same as the "Week in Review" selection. Like the "Coder in Review", these won't be regularly publications for the time being, but may become so in the future.
Disclaimer
I'm going to talk about scripts and programmers that I like, but that is by no means an endorsement. If someone I talk about sells products or services, I do not want you to make a decision to engage with their products or services based on my opinions. I'm not selling anything or trying to get you to buy something. I just want to open up the discussion about Pine and bring together a community of like-minded people.
Want to learn?
If you'd like the opportunity to learn Pine but you have difficulty finding resources to guide you, take a look at this rudimentary list: docs.google.com
The list will be updated in the future as more people share the resources that have helped, or continue to help, them. Follow me on Twitter to keep up-to-date with the growing list of resources.
Suggestions or Questions?
Don't even kinda hesitate to forward them to me. My (metaphorical) door is always open.
Why 90 Percent of traders FAIL! ***13 Reasons why Part#1***Hey my friends,
here another educational Video for thise who can`t make money in the long-run!
This is especially good for beginners and advanced traders who can`t make profit.
I hope you enjoy it! ;-)
Peace and happy learning
Irasor
Trading2ez
Wanna see more`? Don`t forget to follow me!
Any questions? Need more education or signals? PM me. ;-)
HOW does a Moving Average work? #EZ-Learning by EXPLANATIONHey tradomaniacs and becoming traders,
here some more education for you and especially for those who started trading and heared about that weird thing called Moving Average.
I hope you enjoy it and learn something.
If you need more education just check my videos and posts tagged as education.
Peace and happy learning
Irasor
Trading2ez
Wanna see more? Don`t forget to follow me.
Any questions? Need more? PM me. :-)
FIBONACCI for beginners Part#3! How you can use FIBs!Hey everyone,
third Video about fibonacci.
In this video I talk about Fibonacci-Retracements and how you can use them for your trading. :-)
Peace and happy learning
Irasor
Trading2ez
Wanna see more? Don`t forget to follow me!
Any questions? Need more education or signals? PM me.
FIB-Extensions and why you might use them wrong!#Cypher-Pattern!Hey guys,
here is my last video about FIBONACCI and its extensions. :-)
No offens to those you use it in a wrong way -I did the same mistake!
I just wanna show you how you should do it and wanna help you to improve your trading. :-)
If you don`t really understand why, just check the first Video of my Fibinacco-series.
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? Need more education or signals? PM mw. :-)
How you NOT use Fibonacci! Support&Resistance for beginners!Hey everyone,
welcome to my second Video about fibonacci and how you should and should not use retracement- and extension levels. :-)
There is way more to say about resistance and support-levels.
Since I only got 10 mins. for a video I can just talk about small pieces and highly recommend you to check more about this topic.
I just wanted to give you an example how the market works and how it respects resistance and support-levels.
There are more Traders than those who safe profit to cause resistance or support-zones.
Stop-Loss-Levels gets triggered, Take-profit, fundamentals, those who are flat and wait for signals and so on.
If you wanna see more about that topic just use the comment section and tell me more about your wishes. :-)
You can also PM me!
Peace and good trades
Irasor
Trading2ez
Wanna see more? Don`t forget to follow me. :-)
Need education or more signals? PM me. :-)
Amazing S&P strategy, high % of winnersS&P 500 Oanda
Hello Dear followers,
last week was a great start but we have far more fun in stalled for you this week. Here is something a little different for those wanting to see how simple trading can be, and make some money in different areas.
MY S & P strategy is simple, and wins a lot
I only trade the S&P 9-12 days a year. I use the same order, strategy and Stop loss. In the last three years I have won over 90% of the time.
If you would like to see the trades, which have been profitable for years then follow me quick as one of those days is early this week.
Quote of the day
"The stock market is filled with individuals who know the price of everything, but the value of nothing." - Phillip Fisher
Another testament to the fact that investing without an education and research will ultimately lead to regrettable investment decisions. Research is much more than just listening to popular opinion.
Strategy for ALTCOINS VS BTC (Beginners) - How To Split Your BTCOne of the many issues beginners face when trading ALTCOINS, is how to split their money.
Where to invest? How much to invest? How long to wait?, etc.
It happens that in this market, the cryptocurrency market, opportunities are endless, and we are bathed with a wave of new opportunities all the time, everyday, but this can turn into
a problem rather than a solution. A disadvantage rather than an advantage. Why is that?
Well, if we don't have a plan we tend to make mistakes, because of lack of experience.
We might join a trade and buy an altcoin, we feel all pumped up and hyped up, and feeling good and positive. The next minute another opportunity comes, and this one seems bigger and better, and somehow you don't want to wait, you move to the new one, on and on. Leaving loses behind each time you jump from coin to coin, and worst yet, the action seems to start, almost always, as soon as you go.
So how do we deal with this problem?
How can we plan to take advantage of all the opportunities, without worries and end up in success?
That's the question that I am here to answer for you.
THE 10% PLAN
Let's say you have 1 BTC (Or 0.10 BTC), or any amount for that matter, and a awesome, charismatic, helpful and optimistic trader, like myself (:P), posts a new idea and you want to join. How much of your capital will you put in?
Will you put in 100% Of your capital? NO.
"Well this is a huge trade", "This guy knows his stuff", "I will take the chance to recoup my losses", etc.
Remember that we do not, and cannot, predict the market. We look at signals which points to a certain direction, but the market can choose to do whatever it wants. That's why we set targets and also stop loss.
So instead of putting all your money in one place, divide all your trades in increments of 10.
You have 1 BTC, then you have the chance to open 10 trades.
You don't have to join them all at once. You are not losing anything if your money is resting fine.
This new trade I just posted, you can put in 10%. Set it and forget and you will do well.
The next trade, go ahead, another 10%. Now you are feeling good, because you have a plan and you feel strong.
And even if the trade goes wrong, you have 80% of your capital safe, and in the worst case scenario, you will see a 10% loss.
On the other hand, if the trade goes as planned, and you get to earn, you can be looking at a maybe a 100, or even 200 percent.
Follow this strategy wherever you go.
And trust, that in time, you will see your money grow.
NAMASTE.