📌 Both optimism and pessimism is the worst thing to happen to a trader. ⚠️ Please do not believe in a chart or have a faith for that... 📍 Being realistic and trade based on reasonable facts is the best way of trading. Always make decision based on facts and DO NOT TRUST YOUR HEART NOT EVEN ONCE. ⚠️ Set your risk by considering your character; are you willing...
What is retail sentiment? Have you ever noticed on your broker site that it has a statement along the lines of "70%+ of retail traders lose money"??? This is directly related to retail sentiment - in short, institutional money make their money on others losing money in the online marketplace. Every forex trader will always have an opinion about the market. ...
Fundamental Analysis Fundamental analysis is a method of assessing the intrinsic value of a security by analyzing various macroeconomic and microeconomic factors. The ultimate goal of fundamental analysis is to quantify the intrinsic value of a security. Its intrinsic value can then be compared to its current market price to help with investment...
Introduction If you're here on TradingView, it's probably because you believe that charts and technical analysis can give you an edge in the trading of currencies, metals, cryptocurrencies, and stocks. Granted, sometimes technical analysis doesn't work, but it works often enough to keep hundreds thousands of traders coming back here day after day. The larger...
A Market Probe Versus A Shadow A market probe is a way for the bulls and bears to measure the market desire to advance further in the current trend direction or not. A shadow is a rejection of the price reached; therefore, a reversal is more likely to follow with a shadow. The question that I ask myself when I see a candlestick shadow is, "Is that a shadow or...
A Probe Versus A Shadow The candlestick shadow refers to the upper and lower thin lines of the candlestick body. A lot of that has been written already by others, so in this article, I like to mention just a few differences between a probe versus a shadow. A market probe is a measurement tool. A market probe checks the sentiment of the bulls compared to...
This is a 'many-part' educational series to help turn smooth brains into folded brains. The series reveals the true power of the social and psychological factors shaping markets. This is abstracted from 7,000 hours of research in markets and finance and is a synthesized thesis between my research, John Boyd's work on strategy and adaptability, and David Bohm's...
The best way to detect if we are in a correction or we have topped on that timeframe is to use the Sentiment indicator. You need to use the top of the impulse in Sentiment. If you have divergence you will encounter a bigger correction if the 12345 wave the first wave of a bigger 123. I want to keep that tutorial simple so have fun!
How Order Flow and Liquidity Move the Market Order flow is the key driver which causes market price to move, buyers and sellers enter the market at different price levels by either supplying liquidity (via Limit orders) or consuming liquidity (via Market orders). When the liquidity balance is tipped, being more buyers than sellers (or vice versa) at a particular...
Hello and welcome to the revision of my working theory regarding market patterns in cryptocurrencies. This analysis follows my previous write-up regarding why intra-day traders in cryptomarkets should focus on alt-usd pairs as opposed to BTCUSD, found below: In this analysis, I focus on the 4-hour timeframe as opposed to the daily timeframe found in the...
COT report stands for Commitment of Traders report. It tells us about where the Big Boys are placing their ‘bets’. The COT is published weekly on Friday and reflects Tuesday’s data. Practical Exercise 1) Refer to the COT report data given below. 2) Write down your interpretation of the data. 3) What are your observations and what they mean to you as a...
GBPUSD |-0.208333333|Negative i.imgur.com Buy on the bounce ??? Little python script i would like to share to the TV community i made it works out twitter sentiment for most things, crypto currency's or forex. ie: Today GBPUSD = Negative, and we can see the charts agree. Todays Forex Sentiment <--- Crypto Currency Sentiment Example # Shows forex...