Buy
NZDUSD BUY Technical Analysis:
-Micro downtrend broken and is now being retested on the backside
-Longer term uptrend has a 3rd touch and aggressive bullish candle from the two trend lines
-Support & Resistance in the purple zone
-Correlation with bullish AUD
*Did not look at trading plan before executing this trade*
*Similar to the AUDJPY call but this was a little later and now price was closer to both the trend lines and we were actually here for the bullish respect*
VIVT4 CompraCom base no que entendemos:
Temos a negação de uma barra tendenciosa de venda, dentro de uma tendência maior de compra (Médias para cima). Teremos um Stop bem protegido abaixo da média e um alvo de topo anterior.
BENEFITS AND RISKS OF TRADING 101SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
BENEFITS AND RISKS OF TRADING 101
a) Market Action
Market Action is determined as the summary of data showing the trading activities in the market, which determines the differentiation between the price of the currency on which profit or loss can be generated. The rate of change in profit and loss is provided in Market action summary. This can enable the investors to determine which FOREX they should sell or buy in the market.
b) Liquidity
1. Market liquidity determines the extent to which a market, it can be a real estate or a trading market, which can allow selling and buying of assets at stable prices. In the trading market, the liquidity of securities is considered as ease of selling and buying the securities without affecting the price of the assets.
2. While trading in a FOREX market with a high volume, the bid price offered by a buyer on each share and the asking price on which seller is willing to sell shares, if based on the same or close amounts than the market highly liquid.
3. The difference between the prices is considered as the spread. The market liquidity usually affects when the difference or spread between the ask prices and bid prices increase.
c) Leverage
Traders determine margin and leveraging as the two important aspects of leveraging. The loan provided by a broker is considered as a margin, which enables traders in leveraging the securities and funds through the account to accomplish large trade activities. However, it is necessary to open and get an approval on a margin account.
The FOREX market usually uses 2:1 leverage, this means that investor can buy almost double of the amount they hold in their trading account. This means that if the investor has $50,000 then they can purchase $100,000 of currency in case their trading account leverage is 2:1.
d) Economic risks
Economic risk arises due to the changes in macro economic conditions. These risks are much capable that they can introduce changes in investments of shareholders and bondholders in the market. These changes can be the result of changes in government regulation, exchange rates, and political stability. International investment carries more investment risk as compared to domestic investment. The main reason that economic risk can adversely affect the corporate investments is due to the fact that economic risks can violate the economic sustainability.
Happy trading :)
Using Renko Candles with 'Ninja Signals' Buy/Sell Alerts ScriptGetting some promising results on backtesting using Renko candles with our 'Ninja Signals' buy and sell alerts script and wanted to share the idea with the TradingView community. Some traders prefer traditional candles, some prefer Heikin-Ashi candles, while others are currently testing Renko candles to find the most profitable configuration. There's so many styles of trading available with this script, the possibilities are truly numerous, especially if you take into consideration adjustable variables such as stop loss, minimum profit per trade, RSI < 70 buy filtering, downtrend buy filtering, pyramid buying, and other options. You can check out the 'Ninja Signals' buy/sell alerts TradingView script and backtesting strategy at the links below. Comments, questions, and feedback are encouraged and appreciated. Best wishes and happy trading everyone!
'Ninja Signals' v1.0 (SCRIPT)
'Ninja Signals' v1.0 (STRATEGY)
'Ninja Signals' v2.0 (SCRIPT)
'Ninja Signals' v2.0 (STRATEGY)
Vires in Numeris