1,2,and 3…Let it be TP/SLI want to speak about simply how to thrive in a future market. One must apply a strategy premeditated and followed through till revising once more. See the market is a dragon of chaos and as such we mortals need tools to manage it without being all banged up…Many excellent indicators exist but it’s most essential to find one that you understand and that is generally being stress tested by others as well. YouTube is a great resource and test out a few it’s actually quite fun and mostly they all win is applied correctly!
Bollinger bands We you you!
#MonaLisaSmile
Noob
Candle AnatomyDecided to start posting content. Going from Basics to more advanced topics, little by little.
If you're just starting to learn how to trade, here's the first thing you should know. What's a candle?
A candlestick is a type of price chart used in technical analysis that displays the high, low, open, and closing prices of a security for a specific period.
-The candle has an open and close price point in time. If the movement is upwards, then the candle will close above its open price. Consequently, if the movement is downwards, the candle will close below its open price.
-The wicks will show the highest and lowest prices in the market at that moment.
-When looking at the market structure, it's important to look at the body of the candles, not the wick.
-For identifying liquidity, it is important to look at the wicks.
*The information I am sharing is mostly for new traders.
*I am not Certified to give out any information, but I enjoy trading and enjoy sharing what I know as well.