BINANCE:ETHBTC Like & Comment. Thank you. Ethereum is about to approach a critical juncture which can provide trading opportunities for both LONG & SHORT traders with it's reaction to the S/R zone between 0.033033sats & 0.034332sats. Short & Long positions provide a RR of 3+ when targeting most recently levels of support & resistance.
Lets see if this set up works as we anticipated.
Risk management in forex, or any other trading, shouldn't be complex, rather it should be simple enough even for a kid to follow. Our Risk Management approach comes down to 3 basic points, 1. Structured position sizing ( manage your exposure! ) 2. A definite exit area ( always have a stop loss! ) 3. Follow point 1 & 2 like a religion! Hope this helps and good luck!
"Be fearful when others are greedy" - Warren Buffet. More applicable now than ever ! I've looked at the put/ call ratio as well as VIX which reflect extreme greed and a broken market. This type of euphoria that "stocks can never go down" is only a belief of dumb money and a strong indication of a top.
Quick Video Tutorial on how to use the TradingView Fibonacci Extension tool to measure Risk to Reward and even manage trades. Also how to combine the Fibonacci Retracement tool with Stochastics to measure pullbacks during a trend.
Hello everyone: In this educational video, I will discuss how I utilize multi-time analysis in my trading. -What multi-time frame analysis does is to help us to get more clarity on what the overall market is doing from a top down approach. -Analysis should always start on the higher time frames such as Monthly/Weekly/Daily. -Then, drop down to the lower...
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
11.23.20 I wanted to finish up on my GOLD review from this weekend. The main point that I wanted to make about gold is that there are different trades for different types of traders in that area, and while you may understand how markets like this can appeal to both buyers and sellers in a fairly narrow range, it doesn't mean that it will be your kind of a trait...
In my earlier article, " Proving Your Trading System with Backtesting ", I outlined the HOWs and WHYs of backtesting. Does your trading system work under all conditions? Under what conditions might it *not* work? Can you remove those instances from your plan? Under what conditions might you *improve* your win rate? In another article, " The Unexamined Trader ",...
This tutorial explains how to use the public and open indicator published as "RSI cyclic smoothed v2" in regards to spot market turns. By using the same indicator tuned at the market vibration and using divergence signals to confirm market turns. As written here: Based on the community feedback, I wanted to share more insights on how to use this indicator on...
The TradingView team is constantly working to ensure your account is secure and well-protected. In this video, we share some tips and tricks for keeping your account as secure as possible. Below, we've also included five things you can do right now to secure your account: 1. Set up two-factor authentication! This is a highly effective way to protect your account...
Have been asked a few times how to find stocks that are in a nice steady uptrend across multiple markets. A super simple way is to use the built in TradingView screener, add some moving averages to your chart, and then set your yearly, monthly, and optionally weekly performance values to filter the list down to a manageable number. Look through the results for...
Quick overview how to use the Alerts tab on the TradingView Platform to send trading signal alerts from the indicators you have on your chart - To: Your mobile phone, TradingView App Pop up on your Chart Email Simple and easy setup so you dont miss those important trading signals
GBP/JPY: • If price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart. • If price pushes up impulsively to and ideally just above our upper trend line, then I'll be waiting for a convincing push...
One of the common mistakes I see is traders chasing the market around news. Trading news is a game that we simply cannot play as humans. That game should be left to the algo's who have much deeper pockets and better tech. This doesn't mean you can't find high probability trades around news, but they may not be what you think they are. Let us know what you...
NZD/USD: • If price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart. • If price pushes up impulsively to and ideally just above our upper trend line , then I'll be waiting for a convincing push...
This was a quick video to show how I setup my charts recently. I posted this video upon request. PAUSE where needed and rewind if need be. Happy Trading and Stay Awesome! David
One big problem that I see from traders is 'chasing' the market. Chasing simply means watching the market go in one direction, and trying to join the move after it's already showed it's hand. In low volume environments (and holidays), the market likes to revert back to the middle. This leaves traders with losses and frustration. Don't let that happen to you!