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How To Trade Hey guys, I created a system that would allow you to trade better. I call it the 3-way. This is when the market leaves signs and expects you to spot them. The first is: Pattern. For pattern, you can decide which is it for you.. P.S: You don't have to use my pattern. However, only use it of that's the common pattern in the instrument you're trading. Secondly, Divergence. Divergences are my go-to anytime, any day. Reason is because, divergences show up as a warning. Pay attention. Lastly, Structure. Even after finding a pattern and divergence, the structure has to be in-line with the confluences. watch to digest! leave a like, follow and comment if you found this useful. Cheers, Lazyluchi
OANDA:NAS100USDEducation
by lazyluchi
4
USD/CAD potential bullish action...After monitoring the USD over the past few days we can see a final clear direction for many instruments as they pave the way to show the trends heading into this first quarterly year end. USD/CAD here is look relatively strong overall with 1.3100 being a clear target to the upside over the coming weeks. As it stands on the daily and above the price action is showing strength around the moving averages and there is a strong Fibonacci setup on the monthly with 1.3100 being an extension confluence. We will update this pair next week to see how it has performed.
Long
by FTUKcom
The Trader As An ArtistArtist What is art? I hear people say that word (art) a lot. In my opinion, everyone should stick to what they consider it to be. These arguments have been going on for the longest time. Ain’t stopping soon. Funny, when most hear the word “art” they’d have already imagined: the Da Vinci’s Mona Lisa or Vincent Van Gogh’s Starry nights. Art is actually one of the first way we learnt to explore the world—Through its elements and principles. Today I opened my desktop… or is it laptop? Any-hoo, that’s not the point. I opened this piece of work and decided to do an in-depth research on the definition of “art”. According to the Oxford languages, They said, “Art is expressing or applying human creative skill or imagination in visual or non-visual form”. Honestly, I don’t even think that’s the definition I was looking for. I mean—not everyone knows they have the “creative skill”… What’s this creative skill anyway? A creative skill is basically the ability to think about a task or problem in a new or different way. Meaning it can be anything right? P.S—Some-one said, “the best creative skill anyone can have is patience”. So are you trying to say, I need a creative skill to do an “art”. Huh… Well… Hey now, don’t get me wrong I’m not trying to argue with oxford. Maybe that’s their view of this word. Who am I to judge? Like I said, “it really can be anything; any-thing you can think of at all” here’s why: Is Art Just About The Creative Skill? Talking with Jules the other day—I heard her linguistic teacher say, communication is an “art” of… Wait, hold up. Heh, so communication can be an art. I mean—people do this thing everyday, How else is information passed if not through communication. All the definitions I’ve looked up on the word (art)—has the word “skill” in it. Any skill at all. I mean if oxford says the skill has to be creative well, their problem. Ergo, can we say, we all do “art” in one way or the other. Lol! I just felt insanely proud saying that out loud. Anyway, my view point is—the definition of art is subjective, we’re all right. Art is basically anything. It’s a language. Not just a thing, can also be a way. Anything that can be done by us humans (mammals), is definitely an “art”. I might be wrong but, I’ll come back to that. What Is Art? Back to my definitions—Then there’s that word “imagination”. You know what, I believe anything you can imagine is an art. Defining art is hard because—there’s no right or wrong in the definition of art. If you go on the internet now or ask someone, you’ll hear gazillion definitions. More Definitions Of Art Leo defines it as: experiencing an emotion and transmitting it onto others. A creative work of a human. It’s more than practice, it’s a way of life, Form of expression, quality of doing something. Also, An activity that manifests beauty, and The mastery and ideal way of doing something. The definitions are infinite. Till today, the definition is subjective, open, debatable—It’s so amazing how one thing can mean different things. Art can be an emotion or feeling, an expression, imagination… It’s such an interesting word. You watch movies and you cry, how exactly can a movie make you cry? How can one be so talented in evoking: feelings, moods or emotions on others—just by a single act? My British friends will say, “Amazing inn it”. A Work Of Art There’s a term that intrigues me, “a work of art”. Since the word “art” there is subjective it can be anything you make it to be. Art is an expression. Your job can be a “work of art” That can mean different things to different people. This Friday, I took a stroll on google—came across Anita Louise’s blog. Anita made reference to an artist who said: he’s art has no meaning. She says, “the no-meaning is the meaning”. That took me down memory lane. I remember my first sculpture class in—art class, we were supposed to create whatever anything at all. Mr. Jake said, “become art”… Heh, I remember picking tooth picks, more than a thousand of them. Had no clarity of what I wanted to make. Decided it’s best I play around with it. In the evening, I discovered that it gave me some kind of shape that I couldn’t describe. That piece didn’t make sense to me. To my out-most surprise, I scored the highest. Jake said, “Woah, Jamal this is interesting…” it made him curious. He also stated: that’s exactly what art means. Mr. Jake’s statement left me in a state of awe. That’s the message Anita was trying to convey. Most times—the meaningless art pieces are so intriguing that it becomes meaningful. That’s the beauty of art. The language of art is about appreciating any and everything—bringing the most senseless things to life. Art And Interpretation For you to interpret art, you need to ask yourself three questions: What’s the meaning? What’s the message? What do the patterns mean? In philosophy—the point of view is different. It’s grouped in two ways: Intentionalism and Anti-intentionalism. Intentionalism is: viewing the art from the artist perspective, whereas—Anti-intentionalism is: viewing and interpreting it from our own point of view—based on how we feel about it. The gift of art is that, no two persons can have the same interpretation. That’s what makes art very unique, interesting and fun. In an art class, if a still-life composition is placed in front of you, most artist would decide to do hyper-realism, others a sketch. The shading is different as well, That is, some would use pointillism, others hatching, cross-hatching or scribbling. What I’m saying in essence is: it’s all about the interpretation and expression. After the class, you’d hear different interpretations. In all honesty, Art is such an amazing thing. Not just in drawing but—other forms as well. Types Of Art Listen, I know the main topic is, “the trader as an artist” but I need you to stay with me—see where I’m headed. The main purpose of this topic is: to appreciate the art of trading, to give beauty to the person behind these charts. In addition, to appreciate something is to understand the meaning behind that thing—more on this in—the principles and elements of trading. Colleges today, galleries or wherever people get their information from these days will tell you—there’re two types of art: visual and Non-visual. Visual art—The term “visual” means sight, to see. Therefore, visual art is an art of vision. It involves the art that’s seen and felt psychically. Non-visual art—In addition, Non-visual art is an art of the soul and the brain. This type of art—can’t be seen but rather felt, it evokes feeling both good or bad in humans. Who’s an artist On Saturday, I went to the Library to check-out the new books. There’s a book on objective and subjective POV. There was a write-up, “when you become objective about art and not just subjective, that’s when you start to see artists all around you”. The carpenter in your neighborhood or the gardener across your yard. The writers, traders… Oops, I just said traders. Of course why not. You may not create a master piece that ends up in a museum, but, if you find yourself involved or doing something in your life that—combines a sense of purpose with practiced skill, honey, you’re an artist. Mark joined me in the library, I wasn’t even paying attention to him, because I came across an article that said, “Trading isn’t an art”. The writer said, the statement is ridiculous. That you can’t bring Picasso or Gogh into the picture. That really got me irritated. I find it funny how rigid one’s mind can be. To the writer everything “art” should either be a painting of some sort. Years back, I remember when someone asked what I studied—I’d tell them “art”, the next question that pops up is—woah, so you can draw? Pfft, man I get so tired. Back to the article, I mean he’s definitely an artist Cos’ his piece got to me. Anyway, the one who’s good at something especially if it involves something with skill—that’s an artist. What Is Trading And It’s Relation To Art. Trading is the act of buying and selling. Everyone can buy and sell, but, not everyone can do this consistently—without having your emotions involved in someway. Buying and selling isn’t always a positive act, especially if it involves money. Your emotions come to play. Controlling them is what makes you successful in this act. Right? That’s where the skill comes in. Since I need to acquire some sort if skill to become great at this profession, Why can’t I call trading an art? Without the skill, you’ll lose. Art requires skill; trading requires skill. What more do you need—That’s equilibrium there. This isn’t some sort of debate though. Not debunking anything. In other words, trading is an art since it requires a skill. There’s a saying that trading is a pattern and number game. Ergo, if trading isn’t an art, how do you recognize the pattern? There’s something called “pattern” in art. A pattern is a repetition. It also involves the elements of art. However, I could go on and on. My point is, trading is an art; a trader is an artist. Finis. The Trader As An Artist Since I parked my bike outside, I’ll probably go pick it up. Most people don’t know this but, traders are probably one of the smartest people ever. These guys have mastered the art of emotional intelligence, self-control, discipline, and patience. Hear me out, this is a mental skill. A tough work like this doesn’t get much appreciation. Trading is both a visual and non-visual form of art. Visual in the sense that, The charts can be seen, It’s patterns, structure and cycle. All these have their different meanings and interpretations. However, it’s the work of a trader to read these patterns and understand them. All these require a specific skill. The up and down tics in trading come from market structure, price-action and market cycles all which is—a graphical representation of both buyers and sellers in the market. Each tic represents a humans decision. The only way traders can really survive is: by knowing the intentions of the market. In some cases, that’s nearly impossible. Well, these guys do it anyway. Furthermore, It can be non-visual—due to the feelings and emotions this art evokes in the traders. Traders who can’t control their emotions encounter problems. Whereas—the ones who have mastered emotional intelligence, can see its rewards. The Trader As An Artist -The Market’s Interpretation Finally, how we interpret the market falls under the—intentionalism and anti-intentionalism of the philosophical interpretation of art. Intentionalism: We are interpreting the market’s movement from the it’s own perspective. That means you are trading what you see. Anti-intentionalism: Traders who interpret the market like this, trade what they think they see and react based on that. After reading—trading in the zone by: Late Mark Douglas ,I think most professional traders would rather stick with—the intentionalism part of the market. Let’s step back a little to—art and it’s interpretations. Traders also have different ways we interpret the market, different strategies, and different styles. Just like the different forms of drawing and different shading techniques (More on this in the next article). It’s all about expression. That’s why I found that article about, “Trading isn’t an art” really funny. In conclusion Art is about expression. Similarly, trading involves movements. These artist (traders) have learnt to read this movements, to understand its meaning, and they react accordingly. Traders developed the internal ability to control both their mind and actions. The trader as an artist is someone who has polished their chart reading skills, market analysis skills, through pattern recognition and have in the process learnt the art of emotional intelligence. Anyone can be a trader but not everyone can be—a trader. Furthermore, to be a successful trader, means—you are a successful artist.
OANDA:NAS100USDEducation
by lazyluchi
USDCADI wanted to take a deeper look into USA and Canada. When looking at techs and fundamentals, there looks like there could be some space here for a run as we go through our interest rate spikes etc throughout this year. On the daily timeframe, I doubled the ATR for my stop loss and the target is near the 60% area which is where the previous high's are on a higher outlook as far as time. Let's see what happens over time. We are currently in a range of higher high's and I would like to see if we are getting the same pattern (look at circles). I'll wait as long as I can for this one. I compared the following statistics to try to get a more fundamental outlook vs depending on straight technical: GDP per Capita Differential (Lesser amount wins) - USA Productivity -USA Unemployment Rate Differential (Higher amount wins) -USA Government Spending (Higher Amount wins) -USA Business Confidence differential (Lesser amount wins) -USA Consumer Confidence differential (Lesser amount wins) - Canada Consumer Spending (Higher amount wins) -Canada What do you think? I'm looking for a more long term outlook here. This will be my only forex trade this year. Might scale in on this position over time if things work out.
Long
by Redimere_91
4
IntelI like historical pattern of this company. This an opinion based on an article I've just read but it seems as if the semiconductor issue is simmering down a bit relative to how unsure this issue was late last year. We also see a bunch of car companies having increased deliveries as well. Although Intel isn't the end all, be all within this sector, I can see at least a retracement of about 45% of the previous high seeing how price has reached this point up to 5 times since 2018's May. Let's see what happens! They also have enough cashflow to compensate for a hike in interest rates.
NASDAQ:INTCLong
by Redimere_91
DXYStepping away from indicators 2022. I see that price like to bounce off of my 150 ema. On the current candle we have strong rejection with a bullish candle on the 8 hour timeframe at a support zone. Price likes that 60% area. Price has been ranging since late November and with interest rate hikes, it should supply a small boost to the dollar. However, interest rate or not. A retracement SHOULD be imminent due to historical chart data. Let's see what happens. We just trying be better and do better. Nothing more...nothing less....
TVC:DXYLong
by Redimere_91
Ndx: Wait For The PullsHappy anniversary to me! It's been a year since I decided it's Nasdaq and nasdaq100 only. Trading this guy consistently for a year has been a blast. Thank you all... Erm, took a hilarious trade by 2am today. Wasn't a bad one though just hilarious Cos', it was a terrible risk to reward although my target was 16700. Took partials and left I just felt like I needed an excuse to close it though---Cos' I wasn't comfortable with the risk. I'm having a deeper throat now-a days. Anyway, my bias from yesterday still stands. We still need the bulls to be stronger. The "W" is almost completed and all I say we do now is, Wait. Explained reason in the video, be sure to watch it. Target---16771 Listen, trading is risky and not easy. Be sure to not trust anyone---even me! Please leave a comment, like and follow-up if you enjoy my feeds or not. Haha! still follow me either way.
OANDA:NAS100USD
by lazyluchi
16
AUDNZDTechnical: Potential Double Top on Daily Timeframe. Possible rejection at the 200 ema. Price recently broke out of downtrend dated back to May and could be in position to retest the previous low from November. Fundamental: New Zealand has a higher interest rate having hiked twice currently at 0.75 from 0.25 and expects to get to 1.0 sometime next year. They plan on 4 hikes since they started ending towards the end of next year while Australia although considering to still make that decision, have sentiment that it may not need to hike until 2023. New Zealand has more reason to start taking action to strengthening their economy. I usually wouldn't trade a lower GDP country on the bull side however, I'm going off the interest rate hike news for an economy that's trying to recover. Higher interest rates, stronger dollar, given historical chart data even if priced in, I want to see if we can get a boost somewhere in the future for the NZD. Not Advice! Trade could go wrong but that's why we keep practicing!
Short
by Redimere_91
RobinhoodLooks like we are getting some consolidation around this area with a strong bullish candle kicking in. I know a lot of people may not like this stock. However, investing and trading is all about finding stocks that are under or at its fair value while giving it time to move. Benjamin Graham liked beat up stocks that have some juice left in it. Well this is Robinhood. Robinhood introduced me and a lot of my peers to investing/trading and have either changed our lives or given us sentiment that we can change things down the line for ourselves and family. This is that type of trade for me. There isn't a good amount of MOAT. However, I like that this company has the attractiveness to the youth with how easy it is to navigate the app and getting in and out of trades and even learning about different things. They make their money like any other broker through spreads etc. I've been using Robinhood for a year since I've began trading and have seen the development of the app continue to grow. Honestly, when most people beat up a stock that tells me that they may be doing something good to be honest. Reminds me of when Facebook went through their recent situation and look at their stock now. From an annual perspective, they have increased their free cashflow. Operating Activities increased. They are investing more into their business. Assets overpowered liabilities. Total Equity has increased. Debt has increased but not as much as the income they have brought in. Net income is out of the negative and their EPS is out of the negative. This isn't the end all be all. However, this is what I would consider to be a damaged stock that has juice left. I want to see a retracement of 38% or more of the previous high. Let's see what happens by 2024! Not advice! This trade could go wrong. That's what trading and investing is about. Let's keep working on getting better!
NASDAQ:HOODLong
by Redimere_91