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Traders Dynamic Index (TDI) indicatorTraders Dynamic Index (TDI) indicator is a complex indicator that consists of the following indicators: RSI (Relative Strength Index) Moving Average To smooth RSI Bollinger Bands (BB) Or in this case we should only refer to them as volatility bands RSI helps us with: 1. Trend recognition: trading in the direction of the trend 2 Overbought and oversold entry signals MA helps us with: 1. Smoothing RSI Volatility bands help us with: 1. Trend straight recognition 2 Trend direction
Education
by apadanaforex
COMPOUND INTEREST. Time is on your side📚 ❗️As it turned out, not all traders are familiar with such an important concept as compound interest. Meanwhile, the use of compound interest in trading can be a very effective tool for making a profit. In short, compound interest is the accrual of interest on interest, and if in detail, then read on. ✅The formula for calculating compound interest has the form: Compound percentage = (P (1 + g)^ n) – P, where P – the amount originally invested; r – interest rate; n is the investment period. Let's say you invested an amount of $ 10,000, every year the interest received is added to the principal amount, and new interest is accrued for a larger amount. If the investment period is 5 years, and the interest rate is 10% per annum, then after the specified period, taking into account the compound interest, you will receive a profit in the amount of: (10000(1+0.10)^5)-10000=6105.1$ And without taking into account the compound interest, the profit for the same period will be: 10000*5*0,10-10000=5000$ As you can see, using compound interest (or in other words reinvesting profits) brought additional income in the amount of: 6105.1-5000 = 1105.1 $. ✅It seems that the figures presented above are not impressive, but the use of compound interest in trading can truly work wonders. In what way? Let's take another look at the compound interest formula described above. It is obvious from the formula that you can increase profit by increasing any of its components. Let's not touch the amount originally invested, but play with the value of the investment period and the interest rate. To begin with, let's imagine that we will reinvest the profit not every year, but every month. Then the investment period will be 12 *5 = 60 months. The interest rate corresponding to this investment period will be equal to: 10%/12=0.833%. Let's substitute these values into the formula for calculating the compound percentage: (10000(1+0.00833)^60)-10000=6449,8$ As you can see, under the same conditions, but with monthly reinvestment of profits, the income will already be $ 6449.8- $6105.1 =$344.7 more. Well, if the trader's income is not 0.833% per month, but, for example, 5% monthly, then under the same conditions and for the same period, the profit will already be: (10000(1+0.05)^60)-10000=176791,86$ Felt the difference, impressive, isn't it? And what if you reinvest profits not monthly, but daily? Let's figure it out. With an average yield of 5% per month, the average daily yield will be 5%/21= 0.238% (here 21 is the number of working days in a month). The investment period will be 5*360=1800 days. Let's substitute the data into the compound interest formula: (10000(1+0.00238)^1800)-10000=711617,5$ This is already 711617.5-176791.86 = 534826 $ more than with monthly reinvestment of profits. More than half a million dollars (and this with an initial investment of only ten thousand)! That's impressive. That's what compound interest is in action. ⚠️This is about theory. In practice, it is impossible to achieve a constant percentage of profit every day. Some days a trader inevitably ends up with a loss, some with a profit, and the size of these losses and profits is always different. So it is unlikely to substitute the value of the percentage of profit per day in the above formula. However, the very essence of compound interest, clearly shown above in figures, gives the trader a fairly powerful tool for earning. A trader can and should use compound interest when creating his own money management system. ❤️ Please, support our work with like & comment! ❤️
OANDA:XAUUSDEducation
by UnitedSignals
6
Weekly Futures Market Forecast November 14 2021Hey Traders just wanted to give an weekly forecast on what I see happening in the futures market this week. The S&P 500 Futures Market made another weekly all time high last week. The Oil futures market are still in an uptrend. Inflation fears are rising more and the US dollar futures market has broken out of weekly consolidation. The Bitcoin futures market also have broken the all time high and cryptos are once again on the move. Enjoy Trade Well, Clifford
BITSTAMP:BTCUSDLong
by TradetheFuturesCharts
Why Do You Need a Trading Journal? 📝 Hey traders, 📖 Trading Journal is a crucial element in your trading education. Even though the majority tends to neglect it, in fact, it is considered to be the essential part of a daily routine of a professional trader. In this post, we will discuss why you should keep a trading journal & how it enhances your trading performance. Let's start with the obvious: ✍️ Trading journal is applied for recording your trading positions: winning and losing ones. With that, you can monitor your current performance, identify the mistakes that were made and examine your decisions. ❌ Analyzing the errors you learn your weaknesses & the situations when it is preferable not to trade. You adjust your trading strategy accordingly in order to avoid similar mistakes in future. 💪 Examining the winning trades you learn about your strengths. You identify the trading instruments, the trading setups where your strategy reaches the highest accuracy. ⚖️ Working with the numbers you can measure your investing exposure and calculate your account drawdowns. You can analyze your losing streaks & your long-term/mid-term/short-term account statistics. 📈 Analyzing the figures you can measure your progress over time by comparing your current results with the old ones. 😡 Keeping the record of your emotions, you can measure & quantify the psychological element of your trading. You may calculate the percentage of emotional decisions being made and their effect. 🌟 Consistent journaling makes you disciplined. It teaches you to strictly follow the rules of your trading plan & constantly learn from your mistakes in order to hasten the path towards a more disciplined and profitable trading career. A trading journal should be simple and tailored to your specific trading style and the goals you would like to achieve. I hope that my words will inspire you to keep a trading journal! Do you have the one already? ❤️Please, support this idea with like and comment!❤️
OANDA:XAUUSDEducation
by VasilyTrader
102
XAUUSD BUY OANDA:XAUUSD 1. Overall trend was bullish. 2. D was bullish 3. 4hr candle was creating HH HL 4. 1hr was ranging. 7pm candle made a strong rejection. 5. Took a buy with a smaller lot (dynamic risk) when the 7.30pm candle broke the prev 30m candle with SL below the prev 15m candle around 22 pips. 6. moved the Sl to the below the new 15m candle (8.15pm) around 17 pips. 7. Took another buy when the candle broke the D's high anticipating to push higher with the NY volume and clean candle to the left (40 pip range) 8. Closed the first position with 20 pips and the 2nd position with 11 pips. Since it was a monday I closed everything and did not leave a runner
OANDA:XAUUSDLong
by Govv510
SUPPORT & RESISTANCE. Explanation For Newbies👨‍🏫 ✅Support and resistance levels are the price areas on the chart where the price has ever changed its direction. This place always attracts traders, because near the levels there are obvious places for setting stop losses and entering into a deal. Also, there are always limited orders of large buyers or sellers near the levels. ❇️We can say that the level is a price area in the market where traders consider the price to be overstated or undervalued, depending on the current market dynamics. Therefore, it is always important to pay attention to the key levels at which support and resistance have reversed roles or there has been a strong rebound in the price. ⚠️What is the support level? 🟢In theory, the support level is an area below the current market price where participants will make purchases and there are high chances to keep this area under pressure from sellers. At the time of the test of the support level, prices are repelled and begin to rise, therefore, the pressure from sellers decreases, since they cannot gain a foothold under the level to continue moving down. We can say that the buyers, in this case, were stronger. 🟢As a rule, such levels can be determined in advance on price charts. These can be both daily and hourly charts. However, experienced traders identify higher time intervals as more important. For example, the support level on the daily chart will be much stronger than the support area on the five-minute timeframe. 🟢On a daily time interval, prices can test support for weeks before bears can push the price lower. On a five-minute chart, sometimes one test is enough to gain a foothold below and move to the next level. 🟢Also, with the breakout of the support level, we can state the completion of the development of the upward movement. If prices are rising, and after the test of the support level, we constantly observe a rebound and a continuation of the rise. In this case, we can talk about the continuation of the upward trend. If at some point we observe a breakout of the support level, then we can think about the end of the upward trend on the chart. ⚠️What is the resistance level? 🔴The resistance level is the opposite of the support area. If the support is below the current market price, then the resistance area is above the current market price. Thus, resistance indicates an area where the pressure from sellers is much higher than the pressure from buyers, prices are repelled and a drop occurs. Therefore, at the moment of testing a strong resistance level, prices quickly push off and begin to move in the opposite direction. 🔴With the development of a downward trend, resistance levels represent a place for conservative selling in the direction of the current trend. Recall that the basic rule is to sell on resistance and buy near the support area. Therefore, if the trend goes down, then a correction occurs, after which prices test resistance. In this case, the buyers' strength runs out and there is a decline in the direction of the current trend. ❗️The ability to correctly draw support and resistance levels is one of the basic skills that every trader should have. Levels are also the basis for trading strategies and the right risk-to-profit ratio. ❤️ Please, support our work with like & comment! ❤️
OANDA:XAUUSDEducation
by SignalProvider
15
DAX40 / GER40 ready for the next move UP? Hello traders, What is your idea about the DAX40 ? here is my opinion: We had a very strong impulsive move up, followed by a clear and slow correction move. After we found strong resistance on the fib-levels and had our indicators showing bullish signs we are waiting for the bullish break of structure to align with our indicators. When the bullish structure break, we will also see the counter-trendline be broken, this means we are going to exchange strong bearish resistance for strong bullish support. Expectations are, IF we break structure, and ONLY IF WE BREAK THESE structural levels, than we can make a MASSIVE move up. So, conclusion, we are waiting for a bullish move to change from a bearish market structure to a bullish market structure. And if this happens we will take our entry. Kind regards, Tim.
CAPITALCOM:DE40Long
by FXT_TL
XAUUSD 4H - LevelsOur long trade is working well for us, members have managed to take a few entries, bank partial profits and re-enter again on this giving us a nice end to the month. We're going to follow this illustration and the trend that is in play which could possibly lead us to the key liquidity area around 1835. What we need to keep in mind is that there will be a lot of break even traders in the region and a lot of stops above so there is potential for a little higher!! For that reason we'll keep taking profits along the way on our long and protect with the stop at entry. We're in now so lets see how far we can take it. Our ideal area is that 1835 region for another short, but lets be patient and we'll assess the situation when and if we get there. Todays levels: Support: 1797 1793 1786 Resistance: 1805 1808/9 1814-6 As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
4