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CHARTIST TRIANGLES: HOW DOES IT WORK? ANSWER is HERE!ASCENDING TRIANGLE: Identify the levels where the price has often closed and opened (black line). The price is making higher and higher lows. Draw a bullish diagonal. Take Profit is calculated by plotting the lowest increase on the black line (see graph). Report this segment to the BREAK of the black line, but ESPECIALLY to the CLOSING of the candle in its time unit!!! ___________________________________________________ DESCENDING TRIANGLE: Identify the levels where the price has often closed and opened (black line). The price makes higher and lower highs. Draw a bullish diagonal. Take Profit is calculated by plotting the highest drop on the black line (see graph). Report this segment to the BREAK of the black line, but ESPECIALLY to the CLOSING of the candle in its time unit!!! ___________________________________________________ SYMMETRICAL TRIANGLE: The triangle of indecision, just like the RANGE!! The price is tightening, and we don't know in which direction it's going PETER!!?? Draw a bullish and bearish diagonal. Wait for a break in one of the diagonals. The Take Profit is calculated by reporting the highest side of the rectangle which made a PULLBACK (see my old publication on "PULLBACK") and see graph below. Report this segment to the BREAK of one of the diagonals, but ESPECIALLY to the CLOSING of the candle in its time unit!!! STOP Loss below the previous low if you are BUYING. STOP Loss above the previous high if you are SHORT (Seller). ​
Education
by Le-Loup-de-Zurich
5 Problems With Using Margin In Stock TradingCarefully assess your risk tolerance, understand the markets, and employ risk management strategies when using high margin in stock trading. While margin can be beneficial for -- experienced traders, it can lead to significant financial losses for those who don't fully understand the risks. -- Rocket boost the content to learn more -- **Disclaimer:** The information provided above is for educational and informational purposes only. -- It does not constitute financial advice, and trading always involves -- a risk of substantial losses, regardless of the margin levels -- used. Before engaging in any trading activities, it is crucial to -- conduct thorough research, consider your financial situation, -- and, if necessary, consult with a qualified financial advisor. Past -- performance is not indicative of future results, and market -- conditions can change rapidly. Trading decisions should be made -- based on careful analysis and consideration of individual -- circumstances. The user is solely responsible for any decisions made -- and should be aware of the inherent risks associated with trading in -- financial markets.
NYSE:KOEducation
by lubosi
Very basic understanding of support and resistance areas (2 min)In trading, support and resistance are key concepts that help traders analyze price movements and make informed decisions. Here's a basic explanation: Support: Definition: Support is a price level at which a financial instrument (like a stock, currency pair, or commodity) tends to stop falling and may even bounce back up due to buyers. Analogy: Think of support like a floor that prevents the price from falling further. It's a level where buyers are more inclined to enter the market, seeing the current price as attractive. Resistance: Definition: Resistance is a price level at which a financial instrument tends to stop rising and may face difficulty moving higher due to seller pressure. Analogy: Picture resistance as a ceiling that prevents the price from going higher. It's a level where sellers may be more active, considering the current price as too high. In summary, support and resistance are like psychological levels in the market where buying and selling interest tends to cluster. Traders use these levels to make decisions about when to enter or exit trades, set stop-loss orders, or identify potential trend reversals. When the price approaches support, traders may look for buying opportunities, while at resistance, they may consider selling or taking profits.
NYSE:NIOEducation
by ThePrintingRoom
5
Thinking in Pine - Execution Model and Rollback on Realtime BarsHello All, Welcome to another session of "Thinking in Pine" - short video tutorials on Pine Script. Before continuing with this video, if you are not familiar with var, varip and regular variables, please watch our previous video - "Thinking in Pine - var, varip and regular variables" 🎲 Today's discussion points How var, varip and regular variable modification code works with historical and real time bar updates. Rollback concept of var variables 🎯 Example Program Used // The statements execute on every tick count = 0.0 count+=1 varip varipcount = 0 //executes only once on the first bar varipcount+=1 // Reset counter on every bar // if(barstate.isconfirmed) // varipcount:=0 // Rollbacks and assigns on every tick var varcount = 0.0 //executes only once on the first bar varcount+=1 // varcount:=varcount -- Rollback // varcount := varcount + 1 -- execute again plot(varipcount, 'Varip Count') plot(varcount, 'Var Count') plot(count, 'Çount') arrRegular = array.new() var arrVar = array.new() varip arrVarip = array.new() if(bar_index >= last_bar_index -5) arrRegular.push(close) arrVar.push(close) arrVarip.push(close) log.info('Regular : {0}', arrRegular) log.info('Var : {0}', arrVar) log.info('Varip : {0}', arrVarip) 🎲 References Pine Script® User Manual - Execution Model
Education
by Trendoscope
Trading Hacks - Deep AnalysisSorry for sound quality, better quality on yt ☝️Dear traders, no one here has superpowers, and I'm just a human after all. Please take everything with a grain of salt. I'm sharing my view and one of the possible scenarios of price action, but mostly - my direct experience. When I enter I try to predict as little as possible and actually follow what the market is doing, joining the market and not arguing with it or forcing my will. Have good trading, keep a constant flow of self-awareness, and do your best. 🙌
CAPITALCOM:US100Education
by Yelli_trades
2