Get started

Tutorial

Useful FOREX TRADING STRATEGY FOREX TRADING STRATEGY with 20MA & chandelier Stop by TIZ The BWAB Trading Strategy (LONG SETUP) - Market is in a range (80 candles or more) - The price approach the highs of Resistance and forms a tight consolidation (buildup) - The 20 MA touches the low of the buildup - Place a buy stop order above the highs with 3 ATR trailing stop loss ( chandelier Stop ) The BWAB Trading Strategy (SHORT SETUP) - Market is in a range (80 candles or more) - The price approach the lows of support and forms a tight consolidation (buildup) - The 20 MA touches the highs of the buildup - Place a buy stop order below the lows with 3 ATR trailing stop loss ( chandelier Stop ) The BWAB Trading Strategy (SHORT SETUP) Chandelier Stop settings = Trailing stop loss Look Back perio = 1 ATR Period = 22 ATR Multiplier = 3 The chandelier stop offers a logical possibility to set the stop loss. The sl is very tight.
Education
by TizTrader
Mastering Elliott Wave AnalysisHi, traders! Today we gonna speak about Elliott wave principles. The Elliott wave principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. Ralph Nelson Elliott (1871–1948), a professional accountant, discovered the underlying social principles and developed the analytical tools in the 1930s. He proposed that market prices unfold in specific patterns, which practitioners today call Elliott waves , or simply waves. Elliott published his theory of market behavior in the book The Wave Principle in 1938, summarized it in a series of articles in Financial World magazine in 1939, and covered it most comprehensively in his final major work, Nature's Laws: The Secret of the Universe in 1946. Elliott stated that "because man is subject to rhythmical procedure, calculations having to do with his activities can be projected far into the future with a justification and certainty heretofore unattainable." The empirical validity of the Elliott wave principle remains the subject of debate.
BEducation
by Skyrexio
10
Learn to Read Chart (MACD & XRP)✅ The MACD line is the 12-day Exponential Moving Average (EMA) less the 26-day EMA. Closing prices are used for these moving averages. A 9-day EMA of the MACD line is plotted with the indicator to act as a signal line and identify turns. The MACD Histogram (Below the chart) represents the difference between MACD and its 9-day EMA, the signal line. The histogram is positive when the MACD line is above its signal line and negative when the MACD line is below its signal line. ✅ MACD's formula: MACD = 12-Period EMA − 26-Period EMA ✅ MACD is often displayed with a histogram which graphs the distance between the MACD and its signal line. If the MACD is above the signal line, the histogram will be above the MACD’s baseline. If the MACD is below its signal line, the histogram will be below the MACD’s baseline. Traders use the MACD’s histogram to identify when bullish or bearish momentum is high. ✅ The box below the chart has 2 lines which alert traders when a crossover happens: Crossovers are more reliable when they conform to the prevailing trend. If the MACD crosses above its signal line following a brief correction within a longer-term uptrend, it qualifies as bullish confirmation. If the MACD crosses below its signal line following a brief move higher within a longer-term downtrend, traders would consider that a bearish confirmation. ✅ TradingView lets you use the MACD for fast and easy forecasting. You can find it in Indicators & Strategies (f(x)) above your chart.
Education
by ShawnMCR
2
ONE OF THE MOST USED BEARISH PATTERNS: DESCENDING SCALLOPOne of The Most Used Bearish Patterns: Descending Scallop · The descending scallop is a bearish reversal pattern. · Descending scallops are common topping chart patterns. · This is a downward trending char pattern. · You can support me with your likes. · Also you can share your opinion with me in comments. · Attention: this isn't financial advice we are just trying to help people on their own vision. ·Have a good day!
Education
by CaptainBarbossa
2
Candlestick education - rest off between bull-runsHey guys, as we all know a chart/price doesn't always go up between a rest in between, but how can we understand its correction based on the candlesticks? 📍 right after a bull run we may see a red candle with huge wicks usually we panic after seeing those candles ⚠️ don't worry guys! If a red candle closes at the bottom of half of the previous green candle it's reasonable to worry because it shows less interest of the bulls🐃 📍 however, if the red candle shows us a huge wick at both ends it means that many took the advantage and bought the dip Do you enjoy my tutorial? Ask me if you have any question and/ or problems
NASDAQ:AAPLEducation
by C_EWAVE13
8
HOW TO DETECT TARGET ZONES?EURUSD (Forex): In the chart you can see my trading setup. The middle dotted trend line and the red zone act as resistance. Currently the price is rejected. First of all, this offers us a short opportunity. How can you find target zones? ❗️ To find target zones, I usually use distinctive highs and lows. In this case the green support zone. The first profits should then be realized in this zone. I also use the fibonacci tool to display possible zones in which I can sell. In particular, I pay attention to the 0.5 retracement in combination with the 0.618 retracement. In the chart you can clearly see that these zones roughly correspond to my own drawn zones.
Education
by TizTrader
How to Take Advantage of Both Market Directions?Today we will talk about a very common situation that occurs in the vast majority of traders (if not all), especially when we have just started to get into this bussiness. There is a consistent struggle between convictions, ego, and market views or analysis. This generates that we try to see in our analysis what we want to happen, or what we need to happen, and ultimately this the only thing that generates are psychological issues on the trader. The best way to remain calm and be able to trade in a cold and consistent way is to plan in advance all the situations that may occur in the scenario we are analyzing, and how we would act in front of them. In this way, we do not allow ambiguities and we will only take positions if what we are waiting for happens. And, covering both directions, we will not feel that we are missing something if the movement is the opposite of what we expect (as it would happen in case of analyzing only in one direction). In this case we will analyze AUD/JPY to show you how we carry out this analysis: 🔸First, we are going to detail our vision of the daily graph that is the one shown in the publication. 🔸As we can see, the price is in a clear uptrend, and when faced with the Resistance zone it began to consolidate for several weeks. 🔸From there, we didn't see a clear direction. When we detect that there is no type of trend or clear behavior, we stay out of the market and wait for an opportunity to happen where we can establish a clear horizon. 🔸What we propose to trade this pair is that there is a brekaout. It can be in a bullish or bearish direction. In case of being bullish, it must be from the Resistance zone and in case it is bearish it must be from the trend line. 🔸We are going to decrease the timeframe to show exactly what we expect: 🔸In this image we see the 4H chart. 🔸Basically what we detail is that we expect a break and then a retest / corrective structure. This is because it is a security add-on to avoid potential fakeouts (the trade can fail anyway, of course). 🔸Once we see the retest, we will have a new swing or structure to be able to position our entry and stop loss safely, with a favorable risk-benefit ratio. 🔸The targets are: Resistance zone in case of bullish breakout, and Support zone in case of bullish breakout.
Education
by ThinkingAntsOk
Support & Resistance Basics (Tutorial)Support & Resistance basics (Tutorial) Important facts about support and resistance: - In terms of support, the demand for an asset is particularly high - In terms of resistance, the supply for an asset is particularly high - The price can be seen as expensive or cheap - Many traders want to buy or sell there because the price is attractive - SUPPORT & RESISTANCE = ZONES: Technical analysis is not an exact science. Therefore it makes sense to mark support and resistance areas in ZONES. WHAT IS A RESISTANCE? Resistance is the level at which prices are believed to be strong enough to prevent prices from rising further. The resistance doesn't always hold up; a break above the resistance signals that the bulls have triumphed over the bears. WHAT IS SUPPORT? Support is the price level at which it is believed that demand is strong enough to prevent prices from falling further. Support does not always hold and a break below support signals that the bears have triumphed over the bulls. METHODS TO MARK SUPPORT AND RESISTANCE: Support and resistance share enough common characteristics to be effectively mirror images of one another. Highs and lows: Support can be made with the previous reaction lows, while resistance can be made with the previous reaction highs. Another phenomenon: -> Support becomes resistance (and vice versa too) As soon as the course breaks below a support level, this can be viewed as a new resistance. A break in the support zone signals that the sellers are more present.
Education
by TizTrader
How to use FIBONACCI TOOL1. Find a suitable trend / swing You can basically find trends in every chart. The fibonacci tool achieves the best results with strong trend movements. So look for strong impulses! 2. Detect the start and the end of the trend The Fibonacci can be used variably. In my experience, the longer swings work better. 3. Drag the fibonacci tool from the start to the end point Select the Fibonacci tool (shortcut ALT + F). Drag the tool from the start point to the end point. You can change and adapt the tool at any time. 4. Detect the most important levels 0.236 Retracement: - Suitable for high momentum trades. The trend should show high volume. 0.5 Retracement: - The most important and effective retracement. It shows the average movement and many traders buy at half the price. 0.618 Retracement: - Very effective in conjunction with the 0.5 retracement. The zone between the retracements is very often a support. 5. Use the levels to trade pullbacks The retracements are generally not a 100% probability of a successful trade. The interaction with other indicators and technical aspects is key.
Education
by TizTrader
How to Color Grade your Charts & IndicatorsHello everyone, in this video we are going to talk about the possibilities to personalize your charts and therefore improve your own strategy (emotionally) and the attractiveness for other traders. Feel free to check out the previous two videos where were talking about trends, candlestick- and chart-patterns. Cheers, Ares Basic understanding of Candlestick- and Chart-Patterns How to scale your charts & use the right timeframe
Editors' picks
OANDA:XAUUSDEducation
by Anton_XBT
39
Order box trading This is educational :) You can see that the price is a bit "blurry" at the first order box. Why is this? Financial institutes never invest their whole money at the same time to get "stopped out" or "margin called". They do this to check how the price is reacting to their orders. For example, if they want to invest 100 million euros in a long position; firstly 20m, then 30, and then 50. This "blurr" will form what we call the order box. Now, what happens? All of the orders will not go to reality. maybe only 70% will. Then, when the price touches this order box area, the price will bump again as a consequence of all the underlying orders. This is what you see at the "support order box". Same thing at the top. Steps to spot these: 1, find the "blurr" 2, watch for confirmation (aka = second time it touches) 3, trade the 3rd, or 2nd if u are brave, it touches this box. 4, place stop loss just above the box But what for take profit? Place it in either the other side of the box, or eventually, at 0,618 of Fibonacci. I use this to trade with the trend and not against it. Questions? Ask them in the comment area :D
Education
by Spketss
4
Fibonacci Extensions From ScratchHi traders! Evidently, every trader understands the importance of defining the trend with its support and resistance levels. Unfortunately, sometimes it’s kinda difficult or even impossible to do with basic tools. Nevertheless, traders have fixed the problem and evented some indictors that are able to solve this problem. One of them is Fibonacci extensions . Fibonacci extensions are a way to establish price targets or find projected areas of support or resistance when the price is moving into an area where other methods of finding support or resistance are not applicable or evident. As you can see, Fib Extensions is some kind of ratios.The ratios themselves are based on something called the Golden Ratio. How to build Fib Extension? During the up trend you should initialize the point of previous lower lower. Next point is the higher high and lower low again. The points should be consistent.
Education
by Skyrexio
2
Parabolic SAR From ScratchHi, traders! Today we’ll continue our series of educational articles. We hope you enjoyed the previous one and found it useful. We have already told about the necessity of identifying a trend . Most of freshmen and even experienced traders find it really difficult. There is even more difficult problem, though. Finding the most profitable points of entrance and exit is very complicated task for anybody. However, technical analysis gives traders some tools and techniques that simplify this task greatly. Today we’ll talk about Parabolic SAR (PSAR) , one of the best indicators for identifying trend reverses. Let’s have a look at it. PSAR is the line of dots which is plotted below or above the price candles. When the trend is bullish the dots are below the candles, when the trend is bearish they are above. PSAR calculation is rather difficult and we don’t want to bore you. One you should know is the main parameters – step and maximum step (default 0.02 and 0.2). When you increase this values, you increase the sensitivity of indicator, but at the same time sacrifice its precision, cause it starts catching lots of false signals. Whereas we decrease these values sensitivity becomes less, but signals are more accurate. Thus, it’s very important to find balance , in order to minimize lagging and get accurate signals.
Education
by Skyrexio
XLM / USD + 600% Symmetrical triangle. On this coin, in a secondary trend that has formed an upward channel with an impressive step of more than 100%, a symmetrical triangle is formed near its base of the trendline. The price is clamped. Let me remind you that the "radiant cryptocurrency" made exactly + 600% from the breakout of the resistance level of 0.08572 to 0.59. These are not random numbers. The support level that is currently held is the 0.4 zone. There will be a denouement in the near future. Think about what action is causing the formation of such a pattern on the chart. This will give you an understanding of the ongoing processes of "interaction" and possibly with the correct application and profit. For more clarity of two of the processes taking place in the market now, see my old training / work ideas attached below this idea, which by the way I did on the example of the same XLM coin: 1) "Big secret" 2) XLM / USD Secondary Trend Financial markets are a psychological game of manipulating people's behavior with the help of the weak link of the bulk of people, that is, money (a resource for the embodiment of material desires), the final result is to achieve the required goal through the embodiment / non-embodiment of the desires of controlled people.
Education
by SpartaBTC
13