Follow up from yesterday's post. See this example from the action this morning. The rip higher off the open to grab supply, only to reverse on the next 15 min bar, taking out the Open price, immediately heading for where? The Pre-Equity Open Defender created hours before the normal session open. This is critical because the Pre-Equity Open in Futures is a...
Forex Trading Course 101 - Lesson 17 - How to find Trading opportunities with Counter-Trend-Lines for better Trading Success!
The confluence is: 1) Gap at 267.76 2) Trend Line 3) EMA 10 4) EMA 20 5) Pin Bar Entry is at the closing price of the candlestick in the form of a Pin Bar. Pin Bar formed at EMA 10, EMA 20, Trend Line, and Gap.
Market Sessions are not commonly understood. Let's use ES Futures as an example (concept applies for all assets in every market). What you see is an automated tool that I call ' The Session Maker '. It's all about providing in the moment context when trading, but it the principles and concepts are valuable when used on any timeframe. Below I briefly explain...
Tribute Video to my 12000 Followers on Trading view.com “Successful trading depends on the 3M`s – Mind, Method and Money. Money refers to how you manage your trading capital.“ – Alexander Elder This Video I talk about Money management and tips. Concept taken from Steve Burns @SJosephBurns article on Money management.
hi my friends , i'll share with you some patterns which can help you in trading ( part 4 ) Falling Wedge appear in downtrend and it indicates that the sellers are losing momentum in the market, and the buyers are gaining momentum ( long ) you can go long after the break or the retest of the trendline . rising Wedge appear in uptrend and it indicates that the...
hi my friends , i'll share with you some patterns which can help you in trading and make it easy . we find double bottom in downtrend and this pattern mean that price will change to the opposite direction ( long ) and we can use the line as a confirmation . double top appear in uptrend as signal of price change ( short ) and we can use the line as a...
hi my friends , i'll share with you some patterns which can help you in trading ( part 2 ) 1 - symmetrical triangle appears in both an uptrend and downtrend trend . How we use it : You can enter after the break either down ( short ) or up ( long ) with good volume candle . 1- head and shoulders happens in an uptrend and is a reversal pattern , you can...
1 Month Goal: Documenting the trades, 100 trades in 20 sample size. First 20 trades is sample size on demo, second 20 trades are tweaked strategy, 3rd 20 trades check the consistency, 4th 20 trades with actual money and last 20 will be the final product with the winning strategy. All of them don't have to be the winner. By the end of the month I like to see...
How do normal intraday traders determine Target profit? 1. Using Win/Loss ratio? 2. Fix Certain points per day only. Using this method usually limits our profit during a strong market trend. Another way to maximize profit during market trending by rank is : 1. Wait until 15min have reversal CS. 2. Understand FCPO daily price range (Normal Trending:...
A trader who is in a bad mood should think about taking a break. The easiest way to determine when a BREAK from trading is needed is to first assess your current emotional state and performance. - Do you constantly close the trades couple of seconds/minutes after you opened them, chaning your mind? - Do you spend all day "burning" your eyes, watching charts...
It's Been Six Months since I started doing Forex and taking this very seriously. But at the beginning, It was very scary but a few things which I must be shared which you must be Avoid to starting this business. I know, I'm new or not a professional yet but what I faced and what thing should we avoid or follow to get started trading. And these points are only...
You can use this method to download data for the chart and associated indicators on to a csv file which can then be opened in Excel. Post that, you can use any of the Excel tools to do backtest on the data that has been provided.
This video is part 2 of an ongoing series on trading psychology. Overview: - How having an analytic methodology is the foundation for everything - Risk management follows from having an analytic methodology - To develop strong trading psychology, we must have an analytical method and a risk management strategy
Bites Of Trading Knowledge For New TOP Traders #4 --------------------------------------------------------------- What is the role of a financial custodian? – A custodian or custodian bank is a financial institution that holds customers’ securities for safekeeping to prevent them from being stolen or lost. Custodians are responsible for the safety of...
Bites Of Trading Knowledge For New TOP Traders #3 --------------------------------------------------------------- What is liquidity and what is its significance? – Liquidity refers to the availability of a product and ensures market participants have the ability to buy and sell easily. A liquid market increases the likelihood for finding a counterparty...
Bites Of Trading Knowledge For New TOP Traders #2 --------------------------------------------------------------- What is the Notional Value of a Futures Contract? – Notional value of a futures contract is how much total value the contract theoretically controls. Contract Size * Underlying Price = Notional Value. Bakkt ® Bitcoin (USD) Cash Settled...
Bites Of Trading Knowledge For New TOP Traders #1 --------------------------------------------------------------- What is Hedging? – Hedging is the action taken through the use of a financial instrument to minimize the loss or risk of the loss of value of an asset due to adverse asset price movements. Who are Hedgers? – Hedgers are market...