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Ichimoku Cloud: How To GuideHave you ever considered using the Ichimoku Cloud, a powerful and versatile technical analysis tool that goes beyond traditional chart analysis? 💜 If you appreciate our guides, support us with boost button 💜 Discover the Ichimoku Cloud, technical analysis tool developed by Japanese journalist Goichi Hosoda in the late 1960s. This method visually represents support and resistance levels, providing crucial insights into trend direction and momentum. Let's delve into the key aspects of the Ichimoku Cloud, providing you with insights and skills to take another step up in your trading game. 1. Understanding Ichimoku Cloud Components of the Cloud: The Ichimoku Cloud comprises five key elements — Tenkan-sen, Kijun-sen, Senkou Span A, Senkou Span B, and the Kumo (cloud). Grasping the role of each component is fundamental to interpreting the cloud's signals. - Kijun Sen (red line): The standard line or base line, calculated by averaging the highest high and the lowest low for the past 26 periods. - Tenkan Sen (blue line): The turning line, derived by averaging the highest high and the lowest low for the past nine periods. - Chikou Span (green line): The lagging line, representing today’s closing price plotted 26 periods behind. - Senkou Span (red/green line): The first Senkou line is calculated by averaging the Tenkan Sen and the Kijun Sen and plotted 26 periods ahead. The second Senkou line is determined by averaging the highest high and the lowest low for the past 52 periods and plotted 26 periods ahead. It’s not necessary to memorize the computations; understanding their interpretation is key. 2. Trading Strategies with Ichimoku Kumo Twists and Turns: The twists and turns of the Kumo offer valuable signals. A bullish twist occurs when Senkou Span A crosses above Span B, while a bearish twist is signaled by the reverse. These crossovers present entry and exit points. The Power of Kijun-sen and Tenkan-sen: The relationship between the faster Tenkan-sen and the slower Kijun-sen offers additional insights. A bullish crossover suggests a potential uptrend, while a bearish crossover may indicate a trend reversal. Utilizing the Lagging Span: The Lagging Span (Chikou) acts as a momentum indicator. Confirming its position relative to the price and cloud provides a powerful confirmation tool for trend strength. 3. Practical Tips for Ichimoku Trading Timeframe Considerations: Adapt your approach based on the timeframe. Longer timeframes offer a broader market perspective, while shorter timeframes can reveal short-term trends. Risk Management: Like any trading strategy, risk management is paramount. Set stop-loss orders, and ensure risk-reward ratios are carefully considered before executing a trade. Backtesting and Practice: Before going live, engage in extensive backtesting and paper trading. This will hone your understanding of Ichimoku signals and enhance your ability to interpret them in real-time. 4. How to Interpret Ichimoku Lines Senkou Span: - If the price is above the Senkou span, the top line serves as the first support level while the bottom line serves as the second support level. - If the price is below the Senkou span, the bottom line forms the first resistance level while the top line is the second resistance level. Kijun Sen: - Acts as an indicator of future price movement. - If the price is higher than the blue line, it could continue to climb higher. If below, it could keep dropping. Tenkan Sen: - An indicator of the market trend. - If the red line is moving up or down, it indicates a trending market. If it moves horizontally, it signals a ranging market. Chikou Span: - A buy signal if the green line crosses the price from bottom-up. - A sell signal if the green line crosses the price from top-down. As a trend-following indicator, Ichimoku can be applied across various markets and timeframes. Emphasizing trading in the direction of the trend, it helps avoid entering the wrong side of the market. With its combination of support and resistance levels, crossovers, oscillators, and trend indicators, Ichimoku simplifies complex analysis, making it an invaluable tool for traders seeking a comprehensive approach to technical analysis. Dive into the charts, explore the strategies, happy trading!
Education
by Vestinda
5
The Road to Trading Mastery: the Pyramid of SuccessGreetings, esteemed members of the @TradingView and all Vesties out there! The Pyramid of Trading Success, a conceptual model designed to guide you through the essential principles and steps for success in the dynamic trading world. This pyramid serves as a roadmap, helping you build a robust foundation and ascend to proficiency and profitability in your trading experience. Let's explore the key layers that make up this pyramid: 1. Emotional Well-being / Financial Stability / Trustworthy Broker (Base of the Pyramid) At the foundation, prioritize emotional well-being, self-awareness, and financial stability. Constructive self-evaluation and rational thinking are your allies. Choosing a trustworthy broker adds integrity to your trading experience. 2. Robust Safety System Implement a robust safety system by practicing swift loss-cutting, avoiding unreliable assets, refraining from gambling, and adopting a long-term mindset for sustainable success. 3. Portfolio Management Rely on statistics, discard ineffective approaches, monitor market trends, consider long-term goals, and stay informed about economic indicators for effective portfolio management. 4. Asset Allocation Diversify your investments strategically to spread risk, drawing on years of experience in trading financial markets for optimal decision-making. 5. Tools Utilize the right tools by conducting strategy backtesting and considering automation. Backtesting refines your approach, while automation streamlines execution, minimizing emotional biases. Steps for Strategy Backtesting: Define strategy parameters, financial market, and chart timeframe. Search for trades based on the specified strategy, market, and timeframe. Analyze price charts for entry and exit signals. Record and calculate returns, considering commissions and trading costs. Compare net return to capital for a percentage return over the specified timeframe. 6. Remaining Focus on essentials covered in the first five points. Avoid distractions like social trading or complex indicators. A disciplined approach, grounded in fundamental principles, is key for tangible results in your trading journey. By following the Pyramid of Trading Success, you're adopting a comprehensive and methodical approach to trading, increasing your chances of achieving sustainable success in the dynamic world of financial markets. We welcome your valuable feedback on our article about the Trading Pyramid. Your opinion matters, and your insights can help us tailor our content to better meet your needs.
INDEX:ETHUSDEducation
by Vestinda
2
THE KOG REPORTKOG REPORT: In last weeks KOG Report we suggested that if price began with a decline and stayed above the 1920-23 price region, we felt an opportunity to long would be available, based on strong support. We gave the levels above as 1950-55 and above that 1965 and 1970 as the target levels to aim for and then added the daily bias levels. We gave the weekly bias level high at 1995 which was short by a few pips and managed to complete all the daily bias levels given to traders. Well done to those who followed and managed to get something out of the markets, not only on Gold, but the numerous other pairs we trade and share. So, what can we expect in the week ahead? Again, this is going to be a difficult week for traders to navigate and stay ahead of, so please make sure you have a risk model in place as one big move in the opposite direction can really cause traders problems. We can see there being potential for higher pricing, but what we want to see again this week is how low to they attempt to take it while staying above the order region. We have the levels below as key support regions 1970-65 and below that 1950-55, which price needs to stay above in order to target and potentially break above the 2000 barrier. So, for that reason, we will be looking for a similar scenario to last week. If we see price attempt the lower support regions 1970-65 and below that 1950-55, we feel an opportunity to long the market up into the 1995 and above that 2003 levels could be available to traders. It’s at these price points that we want to monitor price action and look for signs of a RIP. If we struggle around the 2006-10 region with extension into 2015-17, we will be looking to short the market back down with an open take profit. On the flip, continuing upside from the get-go, we will be looking to trade level to level into the regions we’ve mentioned above, before then looking for the short trade back down initially into the 1965-70 region and then hopefully further down. KOGs bias for the week: Bullish above 1965 with targets above 1995 and above that 2003 Bearish on the break of 1965 with targets below 1955 and below that 1943 This gives us a potential range 1935-2010 for the week ahead. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
2
Five Habits for Safer TradingGreetings @TradingView community! There are five everyday habits that can significantly limit your risk exposure and contribute to a more secure trading experience. 💜 If you appreciate our charts, give us a quick 💜 1. The Imperative Trading Plan Despite repeated emphasis, many traders still operate without a well-defined trading plan, succumbing to impulsive decisions. Every trader should have a plan specifying entry and exit points, curbing emotional reactions to adverse price movements. A trading plan acts as a compass, navigating the unpredictable seas of the financial markets. 2. Trading Detox: Take a Step Back Feeling trapped in a trading rut? Fundamentals and technical analyses losing their edge? Taking a step back from trading provides a valuable reset. By disengaging emotionally from positions, traders gain a fresh perspective on market themes and chart patterns. A break allows for reflection on past trades, often revealing insights that lead to an improved trading plan upon return. 3. Profit Lock-in Strategy Often overlooked, locking in profits on winning trades is a prudent risk management practice. While riding a trend is tempting, securing a portion of profits limits exposure to potential volatility. Following strategies like STA or scaling techniques, where positions are adjusted based on market conditions, allows traders to secure gains even if trends abruptly reverse. 4. Precision in Execution The ease of electronic trading comes with a caveat—erroneous commands. The infamous "fat finger" event of May 2010, resulting in a trillion-dollar market drop, serves as a cautionary tale. Double, triple, and quadruple-checking your orders is crucial. Make reviewing commands a routine, taking only seconds of your time but preventing costly blunders. 5. Regular Withdrawals for Stability While seeing an account grow is gratifying, regularly withdrawing profits is a prudent move. It prevents overexposure and guards against impulsive decisions associated with additional capital. Being consistently profitable requires a focus on the trading process rather than profits. Treat yourself to the fruits of your labor by withdrawing money, enjoying a well-deserved break, and maintaining a healthy trading perspective. Incorporating these habits into your daily trading routine can enhance your risk management strategy, contributing to a safer and more successful trading experience.
Education
by Vestinda
Drawing Trendlines: A Practical GuideMastering technical analysis is essential for any trader. One powerful tool that every trader use is the trendline . Let's delve into the intricacies of trendlines, their role in predicting market sentiment, and how traders can utilize them to make informed decisions. Understanding Trendlines Defining Trends: Trendlines serve as invaluable tools to identify and define trends in an asset's price. Whether it's an uptrend or downtrend , these lines act as visual aids on candlestick charts, providing insights into market direction and serving as support or resistance. Trendline Analysis: The peaks and troughs of trendlines signify essential support and resistance levels. Support , situated below the current market price, indicates a potential halt in a downtrend, with buying interest overcoming selling pressure. Conversely, resistance , above the market price, suggests a potential reversal in an uptrend. Steps for Drawing Trendlines: 1. Open a trading chart and access the 'draw tools' tab. 2. Add trendlines to your charts, considering support, resistance, and trend direction. 3. Study price charts to identify trends and determine entry and exit points. 4. Execute trades using stop-loss and take-profit orders to manage risk effectively. Trendline Channels Introducing Channels: Channels are formed when an asset's price moves consistently between two parallel trendlines. These upper and lower trendlines, connecting swing highs and lows, provide a more nuanced view than single trendlines, showcasing both support and resistance levels. Rules for Trendlines and Channels: - Declines approaching an uptrend line or rises approaching a downtrend line can present opportunities to initiate positions. - Penetration of an uptrend line , especially on a closing basis, signals a sell, while penetration of a downtrend line signals a buy. Trendline Breakout Strategy Identifying Breakouts: Breakouts within a trend are crucial events. A breakout above or below a trendline suggests a potential change in trend direction. Traders keen on spotting breakouts can capitalize on new trends by initiating buy or sell positions. Trendline Breakout Example: A downtrend , highlighted by a trendline, comes to an end with a break in the trendline. Traders who spot this breakout can anticipate a short-term spike, providing opportunities for profitable trades. Mastering trendlines is a skill that can significantly enhance a trader's ability to read and navigate financial markets. Whether you're a forex trader or delving into crypto markets, understanding trendlines and their applications is a crucial step toward achieving success in the dynamic realm of trading. Remember, while trendlines are potent, combining them with comprehensive market analysis ensures a well-rounded approach to trading.
Education
by Vestinda
Learn 2 Essential Elements of Trading In the today's post, we will discuss how trading is structured , and I will share with you its 2 key milestones. Trading with its nuances and complexities can be explained as the interconnections of two processes: trading rules creation and trading rules following. 1️⃣ With the trading rules, you define what you will trade and how exactly, classifying your entry and exist conditions, risk and trade management rules. Such a set of consistent trading rules compose a trading strategy. For example, you can have a following trading plan: you trade only gold, you analyze the market with technical analysis, you buy from a key support and sell from a key resistance on a daily, your entry confirmation is a formation of a reversal candlestick pattern. You set stop loss above the high/low of the pattern, and your target is the closest support/resistance level. Here is how the trading setup would look like. In the charts above, all the conditions for the trade are met, and the market nicely reached the take profit. 2️⃣ Trading strategy development is a very simple process. You can find hundreds of different ones on the internet and start using one immediately. The main obstacle comes, however, with Following Trading Rules. Following the rules is our second key milestone. It defines your ability to stay disciplined and to stick to your trading plan. It implies the control of emotions, patience and avoidance of rationalization. Once you open a trade, following your rules, challenges are just beginning. Imagine how happy you would feel yourself, seeing how nicely gold is moving to your target after position opening. And how your mood would change, once the price quickly returns to your entry. Watching how your profits evaporate and how the initially winning position turns into a losing one, emotions will constantly intervene. In such situations, many traders break their rules, they start adjusting tp or stop loss or just close the trading, not being able to keep holding. The ability to follow your system is a very hard skill to acquire. It requires many years of practicing. So if you believe that a good trading strategy is what you need to make money, please, realize the fact that even the best trading strategy in the world will lose without consistency and discipline. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
10
What is a Bearish Pennant Patterns?Imagine a rollercoaster: first, a steep drop (downtrend), then a brief pause (consolidation) before another drop. 💜 If you appreciate our charts, give us a quick 💜 This pause creates a symmetrical triangle of highs and lows, indicating market uncertainty. When prices break out below this triangle, it signals a likely continuation of the downtrend. 1️⃣ The Downward Journey: A clear, steep downtrend sets the stage, indicating prices are likely to fall. Think of it as the initial dive on the rollercoaster. 2️⃣ The Pennant Pause: Consolidation forms a triangle, showing market indecision. This is akin to the rollercoaster momentarily leveling out before the next plunge. 3️⃣ The Breakout Moment: A swift breakout below the triangle confirms the downtrend. It's like the rollercoaster taking a sudden, sharp drop. 🚀 How to Ride the Bearish Pennant: Step 1: Spotting the Pattern Look for a well-defined downtrend followed by consolidation forming a triangle. The triangle's upper line is resistance; the lower one is support. Step 2: Timing the Breakout Be patient; wait for a rapid breakout below the triangle. High trading volume confirms the breakout's strength. Step 3: Making Your Move Enter a short position right after the breakout or when the breakout candle closes. This aligns your trade with the downtrend momentum. Step 4: Planning Your Exit Set a profit target based on your risk tolerance. Implement a stop loss above the breakout candle's highs to guard against false breakouts. Pro Tips for Success: ✅ Stay in the Downtrend Lane: Only trade bearish pennants within a downtrend. Avoid it during uptrends or sideways markets for optimal results. ✅ Don't Jump the Gun: Wait for the breakout confirmation to avoid falling for false signals. Patience pays off! ✅ Volume: Your Secret Weapon: Strong breakouts occur with high volume. More participation means stronger market conviction. ✅ Plan Your Exit: Have a clear exit strategy. Acknowledge that breakouts might fail, and be ready to exit if the trade goes south. Mastering the bearish pennant pattern requires a blend of technical expertise, patience, and disciplined execution. Think of it as your guide to mastering market dips and making strategic moves. Happy trading!
Education
by Vestinda
Learn the 3 TYPES of MARKET ANALYSIS In the today's post, we will discuss 3 types of analysis of a financial market. 🛠1 - Technical Analysis Technical analysis focuses on price action, key levels, technical indicators and technical tools for the assessment of a market sentiment. Pure technician thoroughly believes that the price chart reflects all the news, all the actions of big and small players. With a proper application of technical strategies, technical analysts make predictions and identify trading opportunities. In the example above, the trader applies price action patterns, candlestick analysis, key levels and 2 technical indicators to make a prediction that the market will drop to a key horizontal support from a solid horizontal resistance. 📰2 - Fundamental Analysis Fundamental analysts assess the key factors and related data that drive the value of an asset. These factors are diverse: it can be geopolitical events, macro and micro economic news, financial statements, etc. Fundamental traders usually make trading decision and forecasts, relying on fundamental data alone and completely neglecting a chart analysis. Price action on Gold on a daily time frame could be easily predicted, applying a fundamental analysis. A bearish trend was driven by FED Interest Rates tightening program, while a strong bullish rally initiated after escalation of Israeli-Palestinian conflict. 📊🔬 3 - Combination of Technical and Fundamental Analysis Such traders combine the principles of both Technical and Fundamental approaches. When they are looking for trading opportunities, they analyze the price chart and make predictions accordingly. Then, they analyze the current related fundamentals and compare the technical and fundamental biases. If the outlooks match, one opens a trading position. In the example above, Gold reached a solid horizontal daily support. Testing the underlined structure, the price formed a falling wedge pattern and a double bottom, breaking both a horizontal neckline and a resistance of the wedge. These were 2 significant bullish technical confirmation. At the same time, the escalation of Israeli-Palestinian conflict left a very bullish fundamental confirmation. It is an endless debate which method is better. Each has its own pros and cons. I strongly believe that one can make money mastering any of those. Just choose the method that you prefer, study it, practice and one day you will make it. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
4
MASTERING MARKET STRUCTURE : BOS, CHOCHBreak of Structure: This term is used in trading and technical analysis to describe a significant change in the price action of an asset. It occurs when the established pattern of higher highs and higher lows (in an uptrend) or lower highs and lower lows (in a downtrend) is disrupted, indicating a potential change in market sentiment and trend direction. Examples of Break of Structure: You can find examples of "break of structure" in both bullish and bearish movements. In a bullish scenario, a "break of structure" occurs when a new Higher High (HH) is formed, surpassing the previous High (H). In a bearish context, it happens when the price forms a new Lower Low (LL) below the previous Low (L), indicating a potential shift in market sentiment and trend direction. Shift in Structure : Sometimes, a "break of structure" leads to a more profound change in market character, referred to as a "Shift in Structure." This often involves a transition from a bullish to a bearish trend or vice versa. Change of Character (CHOCH): The first instance of a significant shift in market sentiment and trend direction is termed "Change of Character" (CHOCH). This emphasizes the unique nature of the initial change. Break of Structure (BOS): Subsequent occurrences of a similar shift in market sentiment are labeled as "Breaks of Structure" (BOS). These serve to differentiate the first significant change from those that follow. These concepts are vital in trading and technical analysis as they help traders identify changes in market sentiment, adapt to evolving trends, and make informed trading decisions. Recognizing a "break of structure" and understanding when it leads to a "shift in structure" is essential for effective trading.
Education
by BlackWatch01
Three White SoldiersGreetings, traders! Today, let’s dive into a powerful candlestick pattern: the Three White Soldiers. This pattern, often regarded as a bullish signal, can provide valuable insights. Understanding the Three White Soldiers Pattern: The Three White Soldiers pattern is identified by three consecutive bullish candles, symbolizing a robust influx of buying pressure. When these candles appear in a sequence, it suggests a shift in market sentiment from bearish to bullish. Key Characteristics: Bullish Momentum: The pattern signifies a strong uptrend, indicating a potential continuation of the existing market trend. Candlestick Size: Pay attention to the size of the candles. In this pattern, large-bodied candles with minimal wicks reflect substantial buying activity. This emphasizes the dominance of buyers in the market. Volume Confirmation: Volume indicators on charting platforms can validate the pattern. An uptick in volume during the formation of the Three White Soldiers further strengthens its significance. Trading Strategies with the Three White Soldiers Pattern: Confirmation with Volume: Ensure the pattern is supported by increased trading volume, affirming the authenticity of the bullish move. Combine with Other Indicators: Enhance your trading strategy by integrating the Three White Soldiers pattern with trend lines, Fibonacci retracement levels, or other technical indicators. This synergy can provide a more comprehensive view of the market. Wait for Confirmation: Patience is key. Wait for the bullish candles to close before considering the pattern confirmed. This approach reduces the risk of false signals. Consider Timeframes: Analyze the pattern across multiple timeframes. A Three White Soldiers formation on higher timeframes (such as daily or weekly charts) often indicates stronger bullish potential. Risk Management and Trade Execution: Set Stop-Loss: Establish stop-loss below first candlestick of the Three White Soldiers. Diversify Your Trades: Avoid over-concentration in a single asset. Diversifying your trades across different instruments can mitigate risks associated with individual market volatility. By combining this pattern with meticulous analysis, strategic planning, and risk management, traders can enhance their overall trading prowess. Happy trading, and may the markets be ever in your favour!
Education
by Vestinda
Mastering Market StructureBullish Market Structure: Bullish Vibes! It's all about making Higher Highs and Higher Lows. When you spot this pattern, you're riding the wave of optimism in the market, and it's your chance to seize the moment and soar with the bulls. Consolidation Market Structure: Consolidation Market Structure is all about lateral movement, where the market forms Equal Highs and Equal Lows. It's a phase of uncertainty, with neither bulls nor bears holding a clear advantage. Traders often await a breakout to determine the next market direction. Bearish Market Structure: Bearish Market Structure: Get ready for Lower Highs and Lower Lows. Sellers are in control, creating a solid downtrend. Traders look for short entry opportunities on retracements.
Education
by BlackWatch01
10 Proven Tips for TradersIn the fast-paced world of day trading, staying ahead of the curve is essential. If you appreciate our charts, give us a quick 💜💜 Here are ten time-tested strategies to guide your journey towards trading success: 1. Craft a Concrete Plan: A meticulously planned strategy is your foundation. Clearly define what, how much, and when you will trade. Rushing into trades without a plan can lead to costly mistakes. 2. Prioritize Risk Management: Risk management is paramount. Establish a robust strategy, including stop-loss levels and trusted brokers. Safeguarding your capital ensures longevity in the trading game. 3. Leverage Technology: Embrace cutting-edge tools. Utilize charting platforms for market analysis and backtest your strategies against historical data. Mobile apps offer real-time market access, empowering you to make informed decisions. 4. Embrace Continuous Learning: Stay nimble by staying informed. Keep up with news, trading literature, and emerging market trends. Adaptability is key in evolving markets like cryptocurrencies. 5. Rely on Facts, Not Emotions: Base your decisions on cold, hard facts. Emotional impulses can cloud your judgment. Trust your data-backed strategies, preventing impulsive and regrettable actions. 6. Set Entry and Exit Rules: Discipline is your ally. Stick unwaveringly to your predefined entry and exit points. Deviating from your plan risks unnecessary losses. 7. Strategy Over Money: Focus on strategy execution, not profits. Concentrating solely on money can lead to hasty, ill-informed decisions. Trust your strategy; profits will naturally follow. 8. Own Your Decisions: Accept responsibility for both wins and losses. Learn from mistakes constructively. Pinpoint errors, adjust your approach, and fortify your strategy for future trades. 9. Maintain a Detailed Trade Journal: Record every trade meticulously. Modern software simplifies this process, offering insights into your past trades. A trading journal is your compass, guiding you towards informed decisions. 10. Recognize When to Pause: Acknowledge when your strategy falters. Avoid chasing losses; instead, recalibrate your approach. Knowing when to step back is a hallmark of a seasoned trader. Continuously refining your skills with these principles can elevate your day trading prowess. Stay disciplined, adapt to the markets, and success will undoubtedly follow. Happy trading! 💜
Education
by Vestinda
SMC Trading Basics. Change of Character - CHoCH In the today's post, we will discuss one of the most crucial concepts in SMC - Change of Character. Change of Character relates to market trend analysis. In order to understand its meaning properly, first, we will discuss how Smart Money traders execute trend analysis. 🔘 Smart Money Traders apply price action for the identification of the direction of the market. They believe that the trend is bullish , if the price forms at least 2 bullish impulse with 2 consequent higher highs and a higher low between them. The market trend is considered to be bearish , if the market forms at least 2 bearish impulses with 2 consequent lower lows and a lower high between them. Here is how the trend analysis looks in practice. One perceives the price action as the set of impulse and retracement legs. According to the rules described above, USDCAD is trading in a bullish trend because the pair set 2 higher lows and 2 higher highs. 🔘Of course, trends do not last forever. A skill of the identification of the market reversal is a key to substantial profits in trading. Change of Character will help you quite accurately identify a bullish and bearish trend violation. 📉In a bearish trend , the main focus is the level of the last lower high. While the market is trading below or on that, the trend remains bearish . However, its bullish violation is a very important bullish signal, it is called a Change of Character, and it signifies a c onfirmed violation of a bearish trend. In a bearish trend , CHoCH is a very powerful bullish pattern. Take a look, how accurate CHoCH indicated the trend reversal on Gold. After a massive selloff, a bullish breakout of the level of the last lower high confirmed the initiation of a strong bullish wave. 📈In a bullish trend , the main point of interest is the level of the last higher low . While the price is trading above that or on that, the trend remains bullish . A bearish violation of the last higher low level signifies the violation of a current bullish trend. It is called a Change of Character, and it is a very accurate bearish pattern. Take a look at the example on Dollar Index below. In a bullish trend, bearish violation of the last higher low level quite accurately predicted a coming bearish reversal. Change of Character is one of the simplest, yet accurate SMC patterns that you should know. First, learn to properly execute the price action analysis and identify HH, HL, LL, LH and then CHoCH will be your main tool for the identification of the trend reversal. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
7
📈 The Ultimate Altcoin Survival Guide 🎯🛡️Hey there, crypto enthusiasts and market savvies! Professor here, bringing you a critical update that you can't afford to miss! 💎🔥 00:00 Hey folks, let's dive right into the world of altcoins. You've been hearing me sing praises for Bitcoin lately, but what about the underdogs, the altcoins? 🎤🤔 00:16 Well, guess what? I haven't forgotten them; I've just been analyzing. Let's get to the heart of the matter and talk about what the charts are screaming at us. 📈💡 00:23 We're looking at an 8-hour chart that excludes Bitcoin and Ethereum. Notice this massive channel? It's crucial for the altcoin market, and right now, it's shouting "Resistance!" 🛑🔔 00:49 Yup, we're walking on thin ice. This is the time to hold your horses on altcoins and keep your eyes peeled on those levels - 335 and 319 billion, to be exact. 🎯🛡️ 01:32 Bitcoin remains our "safe haven," especially with Bitcoin dominance skyrocketing. Stick with me, and you'll know why my 80% trading focus is on Bitcoin right now! 🏆🛡️ 02:42 Spotlight on ADA and Ethereum: My positions? Increasing in ADA at 0.268 and shorting Ethereum. It's not about being bullish or bearish; it's about being smart! 🎯👓 04:53 What about LINK? It's all about that channel, baby! We took a long position and scored a phenomenal trade. This channel strategy works like magic! 🌟🚀 06:18 Speaking of magic, let's talk Matic. Major resistance here; don't jump the gun. When the channel says go, we GO! 🚀💥 07:27 Targets? I've got 'em! 1.7, 1.9, and 3.2. Manage your risks and reap the rewards, simple as that. 🎯👑 08:00 XRP? It's in time-out under resistance. But hey, let's keep an eye for that rebound. It could be our golden ticket. 🎫💫 09:11 Bottom Line: The Total Three Chart for Crypto says altcoins are in danger. For now, Bitcoin is my ride or die! 🛡️🏆 09:51 Stick around, engage, and let's keep this conversation going. If you're still with me, you've just leveled up in your trading game! 🎮🌟 One Love, The FXPROFESSOR 💙 full video transcript: 00:00 Hey everyone, time to take a look at altcoins. Professor been extra extra bullish on Bitcoin. Okay, you see not so much on altcoins. 00:10 I posted a lot of Bitcoin, not many else. People ask me, hey, you forgot about phantom. You forget about sandbox. 00:16 You forget about STF CFX, but I didn't forget about anything. It's just I follow the charts. So let's follow the chart. 00:23 That's the total three. It excludes its cryptocurrencies excluding Bitcoin and Ethereum. So what do we have here? That's the eight hour chart. 00:32 And we see a massive channel, okay, which is support on the lower end support resistance in the middle and its resistance on the top. 00:42 So what do we have right here? Let's go to the 15 minute chart. Unfortunately, ladies and gentlemen, my dear friends, we have resistance. 00:49 So we need to be careful because these breakouts, it didn't go higher. So we are running a danger of going a little bit or a little bit more lower. 01:02 So 335 and 319 billion. It's where I want to buy again and of course I will have alerts. Like to all 3 on major support. 01:23 So we need to be careful with altcoins at this very moment. Think about it this way, Bitcoin. For me it's a safe haven. 01:32 That's why I keep saying safe haven. I keep repeating myself a little bit of times but you know maybe this is not the perfect time for riskier assets and cryptocurrencies altcoins and so on. 01:44 This could be time for Bitcoin. So personally I do prefer Bitcoin at this time of stage but who am I? 01:50 Let the chart do the talking. Let's go to Bitcoin dominance. You see how it has exploded and you can see here why from this level over here for this breakout on October 2nd we have been 80% posting about Bitcoin, Bitcoin, Bitcoin because the dominance was expected to rise. 02:09 And it did break out higher. So my expectation is to see the 58%. We are now at 54% and if the price drops lower then it has huge, huge support at 52%. 02:22 So Bitcoin dominance says, Hey buddy, maybe this is not a perfect time for altcoins. This is the time for Bitcoin. 02:32 And we go to 58% or we go even higher at 66%. Okay? Now let's take a look at the major altcoins that would make more sense to, everyone. 02:42 Ada, looking good. Looking good. And I'm looking to increase my position at 0.268. We've been long through here. It's going well. 02:50 Ethereum, 1771. Today we went short my community right under this level over here. So we have a short position hedging our long positions and it's beautiful. 03:00 1.827 is resistance support at 1629 and let's go to SDX no big news here okay major support would be this level over here that's why we have the alert and it will go automatically to our friends and family who follow us up very very similar very close to support but still you see not going higher for 03:29 the time being so one inch let's discuss about one inch that's a 15-minute chart you see it got rejected at the middle of the channel if we go to four hours it will make sense so one hour actually is gonna a lot of you know it's gonna make even more sense so what do we have here we have a channel how 03:51 simple is it to make a channel I mean you know resistance or resistance resistance and the middle of the channel so we are remaining long we have a long position but we want to buy over that level and that's exactly why we have the alert there and when it hits there if it breaks higher we go long for 04:10 the time being we're being aware and we would be looking to follow the price within the channel does this work does it make sense well let's take another example let's look at link for example and let's go to the eight hour chart and look at these guys i mean how more simple this is straight up most 04:32 simple charging the world as the most beautiful channel support support support support three times at the lower end of the channel three times very clear three times very clear resistance up there and then what we have the fake out over here and the minute it goes back into the channel that's the time 04:53 to go long that's the time we did go long and that's how we followed the price and we increased the position over here at this level and we have a phenomenal trade which we have shared the result with you here it's the same chart it's the same deal so the channel works we wait for the price to go on 05:12 the channel and that would be support and we can increase the position that we already took profit from massively or if it dips back under the channel then we're going to go short and we're going to keep the stop loss over the channel so as simple as that I want to show you Matic before I go because 05:29 it's also at a major major major resistance Matic is one of my favorite assets and I've post it a lot of times from 0.20 all the way up to 2.4 and 2.8 so if you have been following me you can check the previous ideas we did very very well with entering now nicely and with exiting nicely so we're looking 05:56 to get back on Matic but we want to see the price get back into the chart. I want to see the price get back into the chart so for the time being we are at the scary situation where, ah, scary, okay, ah, but we are under the channel so we are under what is right now major, major, major resistance. 06:18 So, ah, one can go short, okay, or one can wait. That's what I'm doing in this case. I don't want to go short on magic because it's one of my favorite ones, but what I want to do is I want to have a big ass alert over here that will allow me to go long and buy this break. 06:41 If the price goes back into the channel, magic major entry, we're getting up and buying. That's what I say this breakout in the channel with stop loss 0.64. 06:51 So that would be an entry at 0.66 a stop loss at 0.60. 4. Let's put some number into that. So from there to 0.64 it's around 3%. 07:03 Okay, 3% exactly. But where is the take profit? Well, if you take a look at the take profit, we're looking about a take profit of and always think risk to reward is going to help you a lot to manage risk. 07:17 So we're looking at take profit here at 153% higher or there at 188 or all the way up there to 364. 07:27 So this would be my 3 target. 0.64, the stop loss 1.7, 1.9 and 3.2 and of course there is another level to 1.03. 07:39 So I'm going to add that 1.03 as well as a 4.0. 4th target and that would be a beautiful trade. 07:48 For the time being, don't get too excited. Let's look at XRP as well because a lot of you asked about XRP also under resistance at the time so I cannot buy that. 08:00 I cannot go long. Wait and see if there is a rebound here where the support level because if that happens, then I want to go long there and I want to have my stop loss under there and you know, the beauty of this is that small risk, high reward, but at the same time if the price rebounds a little bit 08:17 like Bitcoin, we get a new entry today and the price did rebound from here, okay, all the way up there. 08:26 So already we move the stop loss out entry and worst case scenario is we're going to hit the stop loss and make no money, lose no money, okay. 08:32 So these levels will give you very high return for lower risk and at the same time it's a highly probable to rebound level so it can give us a very, very flexible. 08:48 Way of trading for the time being this is chart I want you to focus on and that's the total three for crypto so altcoins right now in danger for all the charts that I have just mentioned we're looking to buy much bigger on altcoins and there we'll have a proper bull run if only we can break this level 09:11 and get outside of the channel and have the breakout so for the time being we looked at bitcoin dominance I'll stick with bitcoin as a 80% of my trading and of course I will remain long on bitcoin. 09:27 That's it from me. Hope it makes sense and this time give me some comments discuss with me because this is a kick ass video with a lot of you know, precision charts and a lot of educational hints. 09:41 So those are you that stayed with me until the end of this 10 minute video. You must have learned something and I hope that it does help. 09:51 Take care. Keep in touch.
CRYPTOCAP:TOTAL3Education
by FX_Professor
2
TSLA BREAKDOWN BEARISH TREND Hello traders, this NASDAQ:TSLA Breakdown from Higher Time Frame Viewpoint from The Weekly to Daily the current trend is a Bearish we had our Confirmation when the price below 191, i see the price reaching the 149 price share in a few Weeks Maybe we have an entry Price to short the STOCK AT 248 -252! If you agree let me know on the Comment about the Stock whether is bearish or bullish! DISCLAIMER: I am not a financial adviser. The Analysis on my channel are for educational purposes only
NASDAQ:TSLAShort
by BlackWatch01
XAUUSD BREAKDOWN FOR NEXT WEEK LONG Hello Traders, This the TVC:GOLD Breakdown from Weekly to daily to the 4H analysis, we find nice setups to enter for a long entry continuation as we noticed the OANDA:XAUUSD past two weeks analysis was in a strong bullish Momentum, so we stick at the bullish movement till it prove us the contrary so we have the Longs Entry Setups : - Setup 1 : The Entry Price is on the actual higher low of the market structure + Imbalances on a 4H viewpoint and a nice price reduction of 79% in 1H - Setup 2 : We have a Daily Order block Left + Imbalances + Some Liquidity above + Discounted price on a higer scale timeframe. - Setup 3 : We have a Daily Order block Left + Daily Imbalances + a lot of Liquidity above + Discounted price on a higer scale timeframe. Personnally i will look into the 2 Setups it make more sense to me and align with my trading plan, what about you which setup do you agree with it ? DISCLAIMER: I am not a financial adviser. The Analysis on my channel are for educational purposes only
OANDA:XAUUSDLong
by BlackWatch01
Trading Secrets Revealed: Mindset Shift from Beginner to Expert In the today's post, we will discuss the evolution of a mindset of a trader as he matures in trading. ✔️Beginner For some unknown reasons, beginners assume that a couple of educational videos and books about trading is more than enough to start trading successfully. They believe that they got a comprehensive knowledge and that very few things remain to learn. They start trading, but quickly realize that their knowledge is not enough to make even small gains. ✔️COMPETENT After practicing a couple of years, traders come to the conclusion that they know everything in that field. That they learned, tested and tried all concepts and techniques that are available. They consider themselves to be the experts in the field BUT for some unknown reasons, these traders still are not able to trade profitably. ✔️EXPERT After many years of learning, training and practicing, eyes finally open. Traders realize how limited is their knowledge and how much more there is to learn. While they already have the skills to trade in profits, they understand now that even the entire life is not enough to learn all the subtleties of trading. And here is a little lifehack for you: if you are a beginner, embrace a mindset of an expert. Start from realizing how little you actually know and how much more there is to know, that will help you a lot in your trading journey.
OANDA:XAUUSDEducation
by VasilyTrader
5
Learn 6 Common Beginner Trading Mistakes In the today's post, we will discuss very common beginner's mistakes in trading that you should avoid. 1. No trading plan 📝 That is certainly the TOP 1 mistake. I don't know why it happens but 99% of newbies assume that they don't need a trading plan. It is more than enough for them to watch a couple of educational videos, read some books about trading and Voilà when a good setup appears they can easily recognize and trade it without a plan. Guys, I guarantee you that you will blow your trading account in maximum 2 months if you keep thinking like that. Trading plan is the essential part of every trading approach, so build one and follow that strictly. 2. Overtrading 💱 That mistake comes from a common newbies' misconception: they think that in order to make money in trading, they should trade a lot. The more they trade, the higher are the potential gains. Same reasoning appears when they choose a signal service: the more trades a signal provider shares, the better his signals are supposed to be. However, the truth is that good trades are very rare and your goal as a trader is to recognize and trade only the best setups. While the majority of the trading opportunities are risky and not profitable. 3. Emotional trading 😤 There are 2 ways to make a trading decision: to make it objectively following the rules of your trading plan or to follow the emotions. The second option is the main pick of the newbies. The intuition, fear, desire are their main drivers. And such an approach is of course doomed to a failure. And we will discuss the emotional trading in details in the next 2 sections. 4. Having no patience ⏳ Patience always pays. That is the trader's anthem. However, in practice, it is extremely hard to keep holding the trade that refuses to reach the target, that comes closer and closer to a stop loss level, that stuck around the entry level. Once we are in a trade, we want the price to go directly to our goal without any delay. And the more we wait, the harder it is to keep waiting. The impatience makes traders close their trades preliminary, missing good profits. 5. Greed 🤑 Greed is your main and worst enemy in this game. It will pursue you no matter how experienced you are. The desire to get maximum from every move, to not miss any pip of profit, will be your permanent obstacle. Greed will also pursue you after you close the profitable trades. No matter how much you win, how many good winning trades you catch in a row, you always want more. And that sense main lead you to making irrational, bad trading decision. 6. Big Risks 🛑 Why to calculate lot size for the trade? Why even bother about risk management? These are the typical thoughts of the newbies. Newbie traders completely underestimate the risks involved in trading and for that reason they are risking big. I heard so many times these stories, when a trading deposit of a trader is wiped out with a one single bad trade. Never ever risk big, especially if you just started. Start with a very conservative approach and risk a tiny little portion of your trading account per trade. Of course there are a lot more mistakes to discuss. However, the ones that I listed above at the most common and I am kindly recommending you to fix them before you start trading with a substantial amount of money. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
8
Unlocking The Trader's PyramidIn the realm of trading, success isn't solely derived from intricate technical analysis. Surprisingly, the key to triumph lies in an unconventional ratio: 20% technical analysis and a staggering 80% blend of emotions, discipline, psychology, risk management, and money management. If you appreciate our charts, give us a quick 💜💜 The 20%: Technical Expertise Yes, technical analysis is crucial, comprising the foundational 20% of your crypto trading journey. This segment encompasses chart patterns, indicators, and market trends. However, it's not the sole determinant of your success. The 80%: The Pillars of Triumph The real magic happens within the 80%. Embracing your emotions, mastering discipline, understanding market psychology, and implementing astute risk and money management techniques form the cornerstone of your success. Emotional intelligence allows you to navigate market highs and lows, discipline ensures you stick to your strategies, and psychological resilience helps you stay steady amidst volatility. Effective risk and money management safeguard your capital and nurture your profits. This symbiotic blend of technical expertise and emotional intelligence propels you towards trading mastery. By allocating your focus and energy according to this pyramid, you're not just trading; you're sculpting success . Let this balanced approach be your guiding light in the trading journey! Happy trading! 💜
Education
by Vestinda
6
Learn What is TRAILING STOP LOSS | Risk Management Basics In the today's article, we will discuss a trailing stop loss. I will explain to you its concept in simple words and share real market examples. 🛑 Trailing stop loss is a risk management tool that allows to protect unrealized profits of an active trading position as long as the price moves in the desired direction. Traditionally, traders trade with fixed stop loss and take profit. Following such an approach, one knows exactly the level where the trade will be closed in a profit and the level where it will be closed in a loss. Take a look at a long trade on USDCAD above. The trade has fixed TP Level - 1.354 and fixed SL Level - 1.341. Once one of these levels is reached, the trade will be closed. Even though the majority of the traders stick to fixed sl and tp, there is one important disadvantage of such an approach – substantial gains could be easily missed. After the market reached TP in USDCAD trade, the price temporarily dropped, then a strong bullish rally initiated and the price went way above the Take Profit level. Potential gains with that long position could be much bigger. Trailing stop solves that issue. With a trailing stop loss, the trader usually opens the trade with Stop Loss and WITHOUT Take Profit. Take a look at a long trade on USDCHF. Trader expects growth, he opens a long position and sets stop loss – 0.8924, while take profit level is not determined. As the market starts growing, one decides not to close the trade in profit, but modify stop loss – trail it to the level above the entry. As the market keeps rallying, one TRAILS a stop loss in the direction of the market, protecting the unrealized gains. When the market finally starts falling, the price hits stop loss and a trader closes the trade in a substantial profit. The main obstacle with the application of a trailing stop is to keep it at a distance from current price levels that is not too narrow nor too wide. With a wide stop loss distance, substantial unrealized gains might be washed out with the market reversal. Imagine you predicted a nice bullish rally on Bitcoin. The market bounced nicely after you opened a long position . Trailing stop loss too far from current price levels, all the gains could be easily wiped out. While with a narrow trailing stop distance, one can be stop hunted before the move in the desired direction continues. A trader opens a long trade on EURJPY and the price bounces perfectly as predicted. One immediately trails the stop loss. However, the distance between current prices was too narrow and the position was closed after a pullback. And then market went much higher In conclusion, I want to note that fixed SL & TP approach is not bad, it is different and for some trading strategies it will be more appropriate. However, because of its limitations, occasionally big moves will be missed. Try trailing stop by your own, combine it with your strategy and I hope that you will make a lot of money with that! ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
9
The Core Confirmations Every Trader Must KnowWelcome to Vestinda, where we delve into the fundamental aspects of successful trading. If you appreciate our charts, give us a quick 💜💜 In this journey, we unravel the four pillars of confirmation that seasoned traders rely on to make strategic moves in the market. 1. Price Action: Market Language Price action speaks volumes about market sentiment. Supply and Demand dynamics, chart patterns like triangles and double tops, and candlestick patterns such as Doji or Hammer provide invaluable insights into potential market directions. By understanding these patterns, traders gain a deeper understanding of the market's pulse. 2. Divergence: Market Discrepancies Divergence analysis, often derived from indicators like RSI (Relative Strength Index), OBV (On-Balance Volume), and CCI (Commodity Channel Index), uncovers hidden trends. When price movements diverge from these indicators, it signals potential market shifts. Astute traders keenly observe these disparities, foreseeing possible trend reversals or continuations. 3. Fibonacci: The Golden Ratios of Trading Fibonacci levels are not mere numbers; they are golden keys to unlocking market secrets. Traders leverage key Fibonacci levels (like 38.2%, 50%, and 61.8%) to identify potential reversal or continuation zones. These levels act as psychological barriers, guiding traders to make informed decisions regarding entry, exit, and stop-loss points. 4. Momentum: The Market Waves Momentum indicators, such as Moving Averages and MACD (Moving Average Convergence Divergence), are the pulse of market trends. Moving Averages, both simple and exponential, provide a smoothed outlook of price movements, aiding in trend identification. MACD, on the other hand, explores the relationship between two moving averages, shedding light on the strength of price movements and potential crossovers, indicating shifts in market momentum. Incorporating these four confirmations into your trading arsenal enhances your ability to interpret market signals. By embracing the nuances of price action, divergence analysis, Fibonacci retracements, and momentum indicators, you are equipped with a comprehensive toolkit to navigate the complexities of the financial markets. Stay vigilant, adapt to changing market conditions, and let these confirmations guide you toward trading mastery.
Education
by Vestinda