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Closer look into Rising/Falling Wedge, Reversal Price Action Closer look into Rising/Falling Wedge, Reversal Price Action structures/patterns Hi traders: Today I will go more in detail on rising/falling wedge correction in price action structures/patterns. You might have already heard about these types of correctional structures, and many traders who utilize them. Certainly there are many ways of traders identifying them and taking advantage of these kinds of price action, so it's ideal for you to understand them in your analysis. We first need to understand that a rising/falling wedge is a REVERSAL price action. Meaning when the correction completes, there's a higher probability of the price to reverse. You might have already seen multiple price action videos from me that go over all sorts of continuation and reversal price action (I will share links below), and I always talk about when combining multiples of different price action structures/patterns will give you a better edge at entering positions that work out in your favor. Same idea here, so let's take a look at how rising/falling wedges are, how to identify them, and how to effectively use them in your analysis. Rising/falling wedge, just as the name suggests, is an ascending/descending type of correction where the price is getting squeezed into a “wedge”. As the price gets narrower and narrower, there's a higher probability of the price to “reverse” from the wedge. Now about entries, certainly many traders have their own method of entering, so I will share my point of view and the way how I like to enter them. Any questions, comments or feedback welcome to let me know :) Thank you Risk Management: 3 different entries on how to enter the impulsive phrase of price action Multi-time frame analysis Identify a correction for the next impulse move in price action analysis Continuation and Reversal Correction Continuation Bull/Bear Flag Parallel Channel (Horizontal, Ascending, Descending) Reversal Ascending/Descending Channel Reversal Double Top/Bottom Reversal Head & Shoulder Pattern Reversal “M” and “W” style pattern Reversal Impulse Price Action Continuation/Reversal Expanding Structure/Pattern
TVC:DXYEducation
by jojofang0901
47
3 Steps Of A Trade (Step #3 Exit Order)Forex Exit Strategies: Tricks on Setting Limit Orders: Forex exit strategies and exiting a trading position at the right time and price is arguably more important than your entry order. Because only when you exit, you lock in and confirm your profit. Choose the best currency pairs and the best times to trade.Today, let’s talk about getting out, WITH profit. By paying attention to a small trick when setting limit exit orders in your long-term trades. There are many ways to calculate your Forex exit strategies. They highly depend on your trading time frame, your account’s margin and on the market sentiment in general.Identifying Limit orders or Profit Taking Levels is one of them. These are the areas you calculate to get out of your position and manage your Forex exit strategies when the market prices reach your target. Limit Orders Traders usually use market orders to exit trades with a big profit. If you use a limit order while you are going long, then your limit order will be higher than the market price.On the other hand, if you go short with a limit order, then your limit order will be below the market price. Imagine a limit order like a finish line. Your trades will be directly closed every time the market price crosses your limit orders. Put bull exit orders below obvious psychological round numbers (ex: 1.50000, etc...) and above bearish psychological numbers, support and resistance areas. Most of time big banks on purpose do not go to these areas knowingly that a lot of traders are TRAPPED in these areas.
Education
by Anbat
Trade 3 Steps (Step #2 Enter Order)Entry orders are a valuable tool in Forex trading. Traders can have a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out the window. This is where setting up Forex entry orders comes into play. Entry orders allow traders to set price that they would like to buy or sell a currency ahead of time. Only be executed if that specific price is hit. There are several benefits to trading Forex using entry orders. WHAT IS AN ENTRY ORDER IN FOREX TRADING? A Forex entry order is an order that is placed at a specified price level for a currency pair. Once this price is reached, the order is then executed/filled. If the price never reaches the desired price level, the order will not execute. The type of order can vary as well, which should be taken into consideration prior to placing the Forex order. TOP 5 BENEFITS OF USING FOREX ENTRY ORDERS 1. Price Control- The first benefit of entry orders is the control they provide over price level. Traders can indicate their desired price level entry point at which the trade will execute. Having this ability to designate a level allows for ease of trading without having to constantly monitor the market. 2. Entry Orders Save Time-Forex entry orders are very useful for saving time. By setting one, traders do not need to be at a computer when a trend line is hit or when price breaks out of its price channel. Traders can very easily add an entry order to get in the trade if price behaves in the way he/she thinks it will. The order does the waiting and allows traders to focus on other things. 3. Better Money Management- Forex entry orders help to save money. To understand this better, consider how much time traders dedicate to trading each day. 4. Accountability-Forex entry orders (with stops and limits attached) also help keep traders accountable. This is because they eliminate the possibility of emotions getting in the way of reliable, profitable trades, and make sure traders are following the rules to the latter. 5. Support Trading on a Time Frame-Trading on a custom time frame can allow for more specified trades that could be in line with upcoming market news, political events or company results depending on what market is being traded. Traders can stipulate the expiry period for the entry order:
Education
by Anbat
Trade 3 Steps (Step #1 Stop-Loss Order)“Always use stop-loss orders.” -W.D. Gann, legendary investor/trader What is Stop Loss in Forex? Stop loss in Forex is a great way to minimize the amount of money you lose through trading. It is an exit plan in the event of a losing trade. Essentially, stop loss is a limit you set to minimize your risk that automatically exits you out of a trade if your currency pair dips below a level that is losing you money. Stop loss is a valuable mechanism that Forex traders must use if they want to make a living from Forex Trading. It is especially essential for beginner and inexperienced Forex traders who aren’t able to always make the best trade choices. Stop loss, while important for beginners, is also used by experienced traders. There’s no downside to protecting your trades- unexpected fluctuations of currency prices happens all the time, and it’s wise to safeguard your investing when you can. Stop loss also allows you to make trades and walk away from the computer for a while, instead of having to watch the currencies change. It also worth mentioning that stop loss can work against you. * I let the trade breath with stop loss but still look for 1:5 or higher risk reward setups. Let’s say your stop-loss is hit and you are automatically backed out of a trade, and after you’re exited from the trade the currency pair swings back other way exponentially? Not only did you just lose money on the trade, you missed out on a potentially big profit. This is why some Forex traders might have a disdain for stop loss since they view it as missing out on opportunities for major swings in a currency pair. While it depends on who you talk to, the majority of Forex traders will advise you to use stop loss, especially for beginners. It’s necessary to know about stop loss orders and how to calculate the proper limit to set it at. Figure out your stop-loss strategy and keep to it- it will save you in the long run. Nailing down a proper stop loss strategy before you start trading is one of the best ways you can ensure yourself from the always-changing Forex market.Choosing best stop loss strategy depends on your experience, skill level, bankroll, etc. There are so many different factors that will impact what the best stop loss strategy will be for you. As with everything in Forex, it’s best to educate yourself on Forex trading strategies to eventually get to the point where you’re making a consistent income through online trading.
Education
by Anbat
The 3 Types of Traders. Who Do You Belong To? 🤔 There are thousands of different ways to trade the market. During the last 100 years, various trading strategies and techniques were invented. One of the ways to categorize them is to split them by types of traders. Such a category type will lean on 2 main elements: trading frequency and time frame selection. 1️⃣ - Scalper I guess 99% of newbie traders start from scalping. Trying to catch quick market moves and become rich quick, newbies are practicing different scalping strategies. What is funny about scalping is the fact that such a trading style is considered to be the easiest by the majority while remaining one of the hardest in the view of pros. The main obstacle with scalping is a constant focus and rapid decision-making. Scalpers usually open dozens of trading positions during the trading session, most of the time being in front of the screen constantly. Paying huge commissions to the broker and dealing with complete chaos on lower time frames, the majority simply can't survive the pressure and drop, leaving the pie to true gurus. 2️⃣ - Day Trader Day trading or intraday trading is the most appealing to me. Staying relatively active, the market gives some time for the trader for reflection & thinking. Opening and managing on average 1-2 trades per trading session, the intraday trader is granted a certain degree of freedom. However, with declining volatility, quite ofter intraday traders get a relatively low risk/reward ratio for their trades, 3️⃣ - Swing Trader Swing trading is the best choice for traders having a full-time job. Primarily being focused on daily/weekly time frames, swing trading is not demanding for a daily routine and aims at catching mid-term/long-term market moves. With an average holding period being around 2 weeks and opening 1-2 trading positions per week, swing trading is considered to be the least emotional and involves low risk. The main problem with swing trading is patience. Correctly identifying the market trend and opening a trading position, the majority tends to close their positions preliminary not being patient enough to let the price reach their target. Which trading type do you prefer?
COINBASE:BTCUSDEducation
by VasilyTrader
63
Continuation & Reversal Correction in price action structures In-depth look at Continuation & Reversal Correction in price action structures/patterns Hi everyone: Today I want to revisit the fundamental aspect of trading impulsive and corrective phases in Price Action Analysis. As you all know I focus on multi-time frame analysis and forecasting/anticipating the next impulsive move in the market. To me, the most important part of identifying the next impulsive phase of the market, is to understand how correction works. An impulse phase usually happens after a correction has finished correcting, so the key is to identify and understand how a corrections structure will complete so we anticipate the next impulsive move. You may have seen my videos on this topic, but today I will go more in detail on this, and explain the 2 types of correctional structure the market can create. The market can only be in 2 phases, impulsive phrase or corrective phrase. In addition, the corrective phrase can only be continuation, or reversal. So to fully have an edge in the market, is to understand what the correctional structure the price is currently making, whether a continuation/reversal, then forecast the possible price outlook, and go down to the lower time frames for possible entries. Now, it's important to understand that different traders/strategies/styles will call these patterns/structures in varies names. What they are called or identify isn't important, but the important aspect is to understand whether they are continuation, or they are reversal. In addition, simply seeing price action structures/patterns by itself, is not a good enough entry criteria for me. You want to combine multi- time frame analysis, top-down approach, and with multiples of these price actions all happening so it adds extra confluence for you to enter a particular trade. Seeing a H and S pattern, on a 5 minute chart, without considering the overall HTF and other factors, will not be a consistent move in the long run. Continuation Correctional Structure/Pattern Bullish/Bearish Flag Bullish/Bearish Pennant Parallel Channel Reversal Correctional Structure/Pattern Ascending/Descending Channel Rising/Falling Wedge Double Top/Bottom Head & Shoulder Pattern/Inverse H and S “M” and “W” style pattern Reversal Impulse Price Action I will forward all the price action structures/patterns videos I have made in the past to help you understand each of the structures more. Impulse VS Correction Multi-time frame analysis Identify a correction for the next impulse move in price action analysis Continuation Bull/Bear Flag Parallel Channel (Horizontal, Ascending, Descending) Reversal Ascending/Descending Channel Reversal Double Top/Bottom Reversal Head & Shoulder Pattern Reversal “M” and “W” style pattern Reversal Impulse Price Action Continuation/Reversal Expanding Structure/Pattern Any questions, comments or feedback please let me know. :) Thank you Jojo
Education
by jojofang0901
40
How to manage & deal with consecutive losses in trading ? Trading Psychology: How to manage & deal with losses/consecutive losses in trading ? Hi everyone: Today I want to go over a very key trading psychology lesson on how to deal with losses, especially consecutive losses. This is bound to happen to any traders, whether you are new or experienced. ITs something all professional traders will have to deal with on a regular basis. Understand that, dealing with losses psychologically is the key factor in the success of a trader. This is because losses are inevitable, and trading is a probability, which trades that you take will end up both in wins and losses. However, traders usually can not accept losses, due to their ego, greed and other emotional factors. Aside from having a good risk management, trading plan, and trading strategies, traders can still experience the psychological emotions of losing. This is due to the fact that we are humans and we are an “emotional” animal. We don't want to be wrong, at all. Taking a loss is like getting slapped in the face by the market, which we have egos to fight against. What ends up after taking losses or consecutive losses, it puts traders at a disadvantage where their emotion is high, and likely to “revenage” trade to chase back losses, which end up in a deeper hole. To deal with such psychological phenomena, take a step back and observe your situation: First, did you follow your trading plan/strategy on how to enter, set SL/TP, and management ? Second, did you take an emotional trade due to greed or fear of missing out ? Third, have you journal down your losses and review them to make sure they are trades you really want to risk your capitals on ? By now you will see why we need to review these. Trading is a probability, not right or wrong. It's a random variable that you are putting your $ at risk. So if you understand the rules and plans that you follow and execute a trade accordingly, then there should NOT be any negative emotions towards the outcome of the trades, whether they are winners or losers. When I discuss the trades I entered every week in my trade recaps videos, I am always happy to enter a position, even if it goes to a loss. This is because I have done enough backtesting, chart work, and plan to enter a position. I understand strictly from a probability point of view, I could have a higher strike rate, and more often the trades will end up as a winner rather than a loser. However, I also understand and acknowledge that some trades will end up in a loss, disregard mine technical analysis or other’s fundamental analysis. It is what trading is all about. When I have consecutive losses, I will always review the 3 points I mentioned above and make sure they are all valid for me. Then I simply will take 1 day off from the market, chart, phone, and just get your mind clear. Come back strong after 1-2 days of rest, and have a positive mindset. What traders often do when they have consecutive losses is to right away re-enter back into the market and try to chase back their losses. This has always been the downfall of losing and it creates anxiety in traders’ minds. Such a negative experience is going to stay in the traders’ mind longer and deeper, compared to consecutive winners. So wise we understand that is the case how our brain is "programmed” into thinking, then it's up to us to do the opposite, and fight the urge to “revenge” our losses. At the end of the day, no one is trading your trading account, except yourself. Taking ownership of your account, learning to control our emotions, understanding the probability side of trading, and learning to let go, drop our ego will help us in the long run in this industry. I hope these pointers can help some traders who are still struggling with this concept. It's impossible not to take losses, but professional traders deal with it on a regular basis and still remain consistent in the long run. Thank you I will forward some Trading Psychology educational videos below on some of the topics explained today. Trading Psychology: Revenge Trading Trading Psychology: Fear Of Missing Out Trading Psychology: Over Leveraged Trading Trading Psychology: Is there Stop Loss Hunting in Trading ? How to deal with it ?
BITSTAMP:BTCUSDEducation
by jojofang0901
58
TradingView: Look first / Then leap.Every once in a while you have to commit to something that pushes the boundaries of your comfort zone — that gets your heart beating, the breath shaky and palms sweaty. For us, that’s this moment right now, where we share with you the efforts of a project that’s been a long time in the making. It’s with great pleasure that we present to you the new look and feel for TradingView! Our mission has forever been: Always an informed decision. That it doesn’t matter who you are, where you’re from or what your risk appetite is, everyone is entitled to the right tools and the right information to make the best trading and investment decisions possible. Now, to articulate that ambition more evocatively, you’ll see us using the concept Look first / Then leap . We think this sums up what TradingView is all about — there’s no point jumping blindly into trades (that’s why you use charts) but at the same time you don’t just do 100% of your analysis just for fun — there’s got to be some commitment required. First you prepare, then you go for it: Look first / Then leap. We will be sharing updates all week about our new look and feel. You'll also have a chance to meet our sponsored sports stars including the legendary free soloist featured in this video Alex Honnold , renowned free-skier Caite Zeliff and adventurer Leo Houlding . Thank you for being a member, sharing feedback, and working your hardest to become the best trader or investor. This is a monumental day in our history together.
NASDAQ:TSLAEducation
by TradingView
167
The 3 Types of Traders. Who Do You Belong To? 🤔 There are thousands of different ways to trade the market. During the last 100 years, various trading strategies and techniques were invented. One of the ways to categorize them is to split them by types of traders. Such a category type will lean on 2 main elements: trading frequency and time frame selection. 1️⃣ - Scalper I guess 99% of newbie traders start from scalping. Trying to catch quick market moves and become rich quick, newbies are practicing different scalping strategies. What is funny about scalping is the fact that such a trading style is considered to be the easiest by the majority while remaining one of the hardest in the view of pros. The main obstacle with scalping is a constant focus and rapid decision-making. Scalpers usually open dozens of trading positions during the trading session, most of the time being in front of the screen constantly. Paying huge commissions to the broker and dealing with complete chaos on lower time frames, the majority simply can't survive the pressure and drop, leaving the pie to true gurus. 2️⃣ - Day Trader Day trading or intraday trading is the most appealing to me. Staying relatively active, the market gives some time for the trader for reflection & thinking. Opening and managing on average 1-2 trades per trading session, the intraday trader is granted a certain degree of freedom. However, with declining volatility, quite ofter intraday traders get a relatively low risk/reward ratio for their trades, 3️⃣ - Swing Trader Swing trading is the best choice for traders having a full-time job. Primarily being focused on daily/weekly time frames, swing trading is not demanding for a daily routine and aims at catching mid-term/long-term market moves. With an average holding period being around 2 weeks and opening 1-2 trading positions per week, swing trading is considered to be the least emotional and involves low risk. The main problem with swing trading is patience. Correctly identifying the market trend and opening a trading position, the majority tends to close their positions preliminary not being patient enough to let the price reach their target. Which trading type do you prefer? ❤️Please, support this idea with a like and comment!❤️
COINBASE:BTCUSDEducation
by VasilyTrader
39
PSYCHOLOGY OF A TRADER | MASTER EMOTIONS & MASTER THE MARKET The market is driven by people. The crowds are always behind strong market rallies. What the majority fails to recognize is the fact, that being chaotics in its nature, the markets are always trading in predictable patterns. Believe it or now, but the market participants are driven by the same emotional impulses. It does not really depend on how wealthy is the person. With the core motive being to make a ton of money with a little risk possible, we can derive a universal archetype. Every asset, every financial instrument has an element of a "potential value". Being 100% subjective, an attempt to calculate the future value drives the market. Depending on the current expectation of the crowd and its emotions it is necessary for a professional trader to learn to play with its behavior. With many years of constant observations, the cyclic psychological curve was derived to explain the relationships between our emotions and market cycles. On the chart, I have drawn 9 main stages of trader's psychology: 😶INDIFFERENCE - No opportunities are spotted, searching for the right pick. 🙂OPTIMISM – Positive outlook leading us to buy a certain asset 😃EXCITEMENT – Being initially right in our pick, we feel excited as bulls push the market to the new highs The moment of happiness and feeling of being "a true investor" 🤑GREED – Being thrilled we start to ignore warning signs and add more and more cash to the market believing that the market will never stop. 😕ANXIETY – The market starts taking our gains back. Being biased and nihilistic we keep holding the position, thinking that it is just a pullback. 😩PANIC – Tremor. We are frozen. Emotions are draining our power. We are clueless and helpless. We totally lose the sense of control. 😭DEPRESSION – Position is closed. Money is lost. Considering trading & investment industry to be a scam. 🤔HOPE – The dawn. The market returns back to its normal state. Aspiration & desire to start again. 😆RELIEF – Again we start to believe in our strength. We return and the cycle repeats. Do you recognize yourself in these stages? Please, support our work with like and comment. It really helps.
OANDA:XAUUSDEducation
by UnitedSignals
29
PSYCHOLOGY OF A TRADER | MASTER EMOTIONS & MASTER THE MARKET The market is driven by people. The crowds are always behind strong market rallies. What the majority fails to recognize is the fact, that being chaotics in its nature, the markets are always trading in predictable patterns . Believe it or now, but the market participants are driven by the same emotional impulses . It does not really depend on how wealthy is the person. With the core motive being to make a ton of money with a little risk possible, we can derive a universal archetype . Every asset, every financial instrument has an element of a "potential value" . Being 100% subjective, an attempt to calculate the future value drives the market. Depending on the current expectation of the crowd and its emotions it is necessary for a professional trader to learn to play with its behavior. With many years of constant observations, the cyclic psychological curve was derived to explain the relationships between our emotions and market cycles. On the chart, I have drawn 9 main stages of trader's psychology: 😶 INDIFFERENCE - No opportunities are spotted, searching for the right pick. 🙂 OPTIMISM – Positive outlook leading us to buy a certain asset 😃 EXCITEMENT – Being initially right in our pick, we feel excited as bulls push the market to the new highs The moment of happiness and feeling of being "a true investor" 🤑 GREED – Being thrilled we start to ignore warning signs and add more and more cash to the market believing that the market will never stop. 😕 ANXIETY – The market starts taking our gains back. Being biased and nihilistic we keep holding the position, thinking that it is just a pullback. 😩 PANIC – Tremor. We are frozen. Emotions are draining our power. We are clueless and helpless. We totally lose the sense of control. 😭 DEPRESSION – Position is closed. Money is lost. Considering trading & investment industry to be a scam. 🤔 HOPE – The dawn. The market returns back to its normal state. Aspiration & desire to start again. 😆 RELIEF – Again we start to believe in our strength. We return and the cycle repeats. Do you recognize yourself in these stages? Please, support our work with like and comment. It really helps.
OANDA:XAUUSDEducation
by UnitedSignals
26
What is Inverse Head and Shoulders Pattern?Inverse Head and shoulders Pattern is the mirror image of head and shoulders pattern. Read about Head and Shoulder Pattern here: Inverse H&S Pattern is bullish reversal pattern. Signals the traders to enter into long position above the neckline. Volume play a major role in both H&S and Inverse H&S Patterns. Usually the spike in volume on breakout is considered as a great signal for bullish entry. Again a suitable target can be obtained by measuring the distance between head and neckline of the pattern and using same distance to project the target . After the neckline breakout there is also a probability that prices can be retrace again to neckline due to lack of demand . Prices can only rise if again there is more demand which will lead to bullish uptrend. Also if the neckline slopes slightly upward that is the sign of greater market strength thus gives further conformation to go bullish on Inverse H&S Patter . Let us know what do you think about Inverse H&S Pattern? Please comment your views/doubts! As always nothing works every time in markets. Please do your research before taking any position. This is only for Educational Purpose. We are covering all Major Reversal and continuation patterns in this series. Follow to get updated with all the informative and educational trading ideas. Next Pattern we will cover: Round Bottom Pattern PS: We are publishing this again for global audience.
COINBASE:BTCUSDEducation
by Coinlog
TOXIC TRADERS ☠️📌 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 enough to take risks as dangerous as completely losing all your money? ⚠️ As I wanna mention it again: NEVER BELIEVE IN CHART. Just see it as a potential oppurtunity. 📍 Trading is a game of numbers, mathemtics, algorithms, cycles, supply and demand, economics, etc. One of the most strict majors in the human history. ⚠️ Do not include your emotions and or you belief or faith in this game. This is not a financial advice, I just am willing to share my own experiece with you guys With y'all a very happy and profitable lifestyle
NASDAQ:AAPLEducation
by C_EWAVE13
5
The Death of Buy-and-Hold reduxAs a follow-up to my previous article, “The Death of Buy-and-Hold” , Bitcoin in these last four months has demonstrated quite vividly to us the error of that outdated methodology, that Buy-and-Hold is truly dead and technical trading is superior to what is called “investing” today. In the two month period from February, 2021 through April, Bitcoin enjoyed a meteoric rise, gaining 100% in value during that 60 day period. However, as they say, “The bigger they are, the harder they fall…“ And fall it did… Bitcoin gave back every penny in the following two months crashing back to its February levels. The most profitable, reliable, and consistent trading systems available to the average investor, as I demonstrated in previous articles , are those systems based on "supply and demand" methodologies. We can’t fight the hedge funds. We can’t fight China. We can’t fight the “whales” of the crypto market. … But we can follow their footprints as traders . I backtested Bitcoin based on my own proprietary supply and demand methodology, but I would assume that any supply and demand system would achieve similar results because we are all chasing the same protagonist (or antagonist, depending on how you look at them). The results: From January 1, 2021 through June 22, buying and and holding Bitcoin would’ve net a zero return for the investor! Following a supply and demand methodology, however, the casual trader who might work on the 4 hour charts, checking in on their account once or twice per day, I identified 11 trading opportunities which resulted in a net profit of 42 percent . Why would the investor make zero and the trader make 42%? Buy-and-hold only works in one direction… When the product gains value. Supply and demand trading lets you profit rain or shine, by the day or by the hour, in good times and bad. I bring this up, not ultimately as an "I told you so" but as an encouragement: Yes, indeed, it is possible to pull a reliable, steady income from the markets, from the cryptos , from the indexes , from the commodities , rain or shine, week after week, once you learn to "see the money flow" and follow the trail as a trader . One does not have to have their livelihoods be subject to the whims of the economy, of policies imposed by public officials, of Tweets from CEOs, from natural disasters, from supply chain disruptions, the whims of totalitarian nations, nor an employer, employees, or customers. Most importantly, Supply and Demand trading protects us from the large financial institutions who regularly engage in Market Manipulation , whose tactics include fear and greed news cycles, whose analysts and "experts" foment 'sentiment' among their viewing audience, whose priority is to broadcast information that will financially benefit themselves, and not their viewers. Trade well!
BITSTAMP:BTCUSDEducation
by ocaptain
20
👶 Trading For Beginners | ORDER TYPES 👦👧 There are multiple ways of opening a trade in a trading terminal. Here is the list of universal order types that you MUST know: 1. Market Order A market order is a trade order to buy or sell a desired financial instrument on a current market price. In such an order type, the price is determined by the market. Constant price fluctuations and spreads make market order quite risky way of opening a trading position. 2. Limit Order A limit order is a trade order to buy or sell a desired financial instrument at a specific price level. It allows the trader to enter the market on a strict price level ignoring the price fluctuations and spreads. A limit order can be referred to as a buy limit order or a sell limit order. 3. Buy/Sell Stop Order Buy stop order is used to buy at a price above the market price, and it is triggered when the market price touches or goes through the Buy Stop leve. Sell stop order is used to sell when a specified price is reached. The selection of order types is based on a trader's trading style. Let me know in a comment section which order types do you apply in your trading! Please, like this post and subscribe to our tradingview page!
Education
by UnitedSignals
11
👶 Trading For Beginners | ORDER TYPES 👦👧 There are multiple ways of opening a trade in a trading terminal. Here is the list of universal order types that you MUST know: 1. Market Order A market order is a trade order to buy or sell a desired financial instrument on a current market price. In such an order type, the price is determined by the market. Constant price fluctuations and spreads make market order quite risky way of opening a trading position. 2. Limit Order A limit order is a trade order to buy or sell a desired financial instrument at a specific price level. It allows the trader to enter the market on a strict price level ignoring the price fluctuations and spreads. A limit order can be referred to as a buy limit order or a sell limit order. 3. Buy/Sell Stop Order Buy stop order is used to buy at a price above the market price, and it is triggered when the market price touches or goes through the Buy Stop leve. Sell stop order is used to sell when a specified price is reached. The selection of order types is based on a trader's trading style. Let me know in a comment section which order types do you apply in your trading! Please, like this post and subscribe to our tradingview page!
Education
by UnitedSignals
11
How To Set Up A Trade On Hour ChartIf you have a $5,000 account (USD currency)- want to trade Aud/Jpy currency with a 2% risk, what do you do? You need to know trade size on all pairs and pip value, so you can set stop loss, entry order and take profit/exit order- per your trading strategy and risk management tolerance. 1) go to Forex pip calculator online 2) Aud/Jpy current value of a pip Value of standard lot (units 100,000) is $900.45< yes, that is right!! What they are saying is every pip the AJ pair moves on a standard size is a $900 USD move (Crazy) Can you trade this lot size? NO. How about Micro Lot (units 1,000)? yes, pip value is $9.00. 3) On one hour AJ pair example chart, there are three noted trades: two bullish (1st and 3rd) and one bearish (2nd). 4) If you catch all three trades with by placing a 1: 4 Risk/Reward setup on them. What does that mean? (stop loss is around $100 per trade, related to 2% of account if you have $5,000 USD)- As your account gets higher, lets say $100,000 USD or more, even 1% would work- but to each their own) 5) Your stop loss is over entry of any bearish trades or under entry of any bullish trades by 10 pips or ($90.00 of risk) to make 40 pips or ($360.00)- possible on all three noted trades on chart. If you would have hit all three trades just right, you would have been in the money after two days around $1,000 USD with only risking 2% of your account. This is how the turtle beat the hare in Forex trading race- slowly but surely. If you trade micro lot of 500 units, you could have a larger 20 pip stop stop (around $100) and 40 pip targets would with a pip value of $4.50 instead (trade conservatively until confidence grows) Put yourself in best position for success in Forex trading: Before any new trades know where to put stop, entry and profit orders. After your trade is active just let it play out, because the market is out of your hands at that point. Note keep in mind: right pair, right price, right session & right time.
Education
by Anbat
1
The Lack of Knowledge in Forex - How to succeed in this businessThere is a big lack of knowledge in this forex industry. Retail Trader always forget that we are in the Champion League here and that we need to have a lot of knowledge in order to succeed. Key Elements are - Trading Plan - Strategy - Money and Risk Management Predicting the right direction of the forex pairs is not to 100% possible and not even necessary. The key is to understand how to react to the new changes within the market. It is like in life. Hopefully I could help you with this video. Tell me your feedback What do you think?
Education
by DariusFxTrading
4
Introducing our new Chart Preview featureOur new Chart Preview feature simplifies the way you follow your favorite symbols from iPhones or iPads. Please note: we have exciting updates coming to our Android app, so please stay patient. We won't let you down! 😎 Chart Preview is intuitive for all investors and traders. Beginners and pros can use it seamlessly to study their watchlist and then dive into the advanced chart when it's time. We created Chart Preview to let traders quickly scan and study symbols from a viewpoint that is simple and beautiful. With a second tap, traders can dive into the advanced chart and begin their research process using technical and fundamental analysis. Start simple and get more advanced depending on your skill level. On iPhone, users can toggle our new Chart Preview feature on or off depending on their preference. You decide whether you want to see a quick preview or jump straight to the advanced chart. We know many of you would rather be analyzing charts with all the power of our advanced tools, so you can decide what you would rather see first. Make sure your app is updated and using the latest version. Remember: our mobile apps are free for iOS and Android devices. Thanks for being a TradingView member and we look forward to reading your feedback and comments below.
NASDAQ:AAPLEducation
by TradingView
91
Setting Alarms For Fun and ProfitOne of the most attractive things about being a trader is that once you become proficient with your trading system you don't have to spend all day in front of your computer like an extra in the Walking Dead. There's a lot more to life than trading.  The goal is that once we have developed that skill, we can “trade to live” and not “live to trade.” I like to teach that trading is like fishing - Your job is to go into the water, cast a few lines, and wait for the fish to come and snag a hook. The keyword there is wait . Once you set your lines, you don't have to babysit them: go do something else. (We trade to live, after all!) Likewise, with trading, once you have developed a certain level of skill in "setting your lines", you should only need to spend about 30-60 minutes in front of your computer "working". Then you simply need to wait until the trade, that is price, gets snagged onto your hook. In the meantime, go do whatever it is in life that you enjoy doing.  How do fishermen then know when a fish has taken the bait? Some fishermen attach a small bell on the end of their pole, a “fishing buddy”, and as the fish jerks the line the bell alerts the fisherman that “he’s got a live one!” How is is that Alarms can instantly become your "fishing buddy?" Let us count the ways: First: Management of Buying Power Let's say you have a $10,000 trading account. You wake up, do your morning routine, head to your home office (or the kitchen table) and “go fishing” in the Futures markets. You find three great opportunities for Soybeans, Oil, and Copper. The margin requirements for each of them (per contract) is $4,500, $5,800, and $7,300, respectively. Futures trading requires that you have a certain amount of capital in your account per trade setup, known as the margin, or buying power, at the time you setup your trade. This "margin" is set aside in your account and can't be used, even if the trade hasn't been triggered or entered.  If you wanted to setup all three of those  trades before you headed to work you would need $17,600 in your account. But you only have $10,000. What do you do? In the past, when I ran into this situation, I would have to guess (or hope) I would choose the correct trade to place before I left for work, and send just that one trade to my broker.  Inevitably, I would choose the one losing trade, or the one that didn't get hit , and it ended up that one or more of the other trades turned out to be winners - the trades I did not take - all because I couldn't put on all three at the same time. Aaargh!!! Every day I felt like the trading gods were against me! Here's where alarms can become your best friend. Let's say at any given moment if you received an alarm, you would be able to respond to that alarm within an hour. You could setup an alert line 1/24th the daily ATR away from your entry price. For example, at the time I am writing this, the Daily ATR for Crude Oil is 1.7708 - the average distance or range that Oil trades in a day. Divide that by 24 and on average, oil moves about .0738 per hour. If you are looking to go long oil at $73, you would draw a horizontal line at 73.0738, and set an alert on the line, giving you about an hour to check that the trade is still valid.  When price activates your alert, you can log into your trading platform, verify that you still want to take the trade, right-click the long-short tool (which you had setup beforehand) and send the trade to your broker, whereby then and only then will the $5,800 be allocated from your Buying Power. It is unlikely that all three trades will hit at the same time so this gives you the "buffer time" needed to efficiently manage the available capital in your account to take as many trades as possible. Using alerts in this manner can help you minimize the number of missed opportunities you might experience because of the limited amount of buying power you may have. Second: Trade Opportunity Alerts In the futures market, I have what I call my "31 Flavors" - the 31 Futures contracts that I actively trade. On any given morning I might find 5 assets where I’m looking for a long opportunity, another 5 assets that I’m looking for a short, and the rest aren’t in any trend or environment where I’m looking to trade. Many indicators let you set an alarm when a certain condition occurs. For instance, I can set an alarm on the ten high-probability assets I have flagged to let me know “Hey, Captain: a Sabre Long opportunity just formed on the S&P;”, or “Hey Captain, a short opportunity with the pattern you are looking for just popped up on Crude Oil.”  Likewise, if you are following a Moving Average strategy, you can setup an alarm saying “Hey, Trader: XYZ just crossed the 89 Moving Average” or "ABC just crossed the 40 day Moving Average.  At the time of this writing TradingView will let you setup up to 400 of these alerts. (P.S. - If you need more than 400 alerts, you're probably overtrading... just sayin') :-) When the alert is triggered you can just take a few minutes out of your day outside of your normal trading hours to check in and see if that mid-day opportunity is worth setting up. After a couple minutes, you can get back to what it was you were doing. The myth of the day trader who is glued to his or her computer all day in fear of missing an opportunity is just that - a myth, because alerts free you up to do what is important. Remember, we are trading to live - we aren't living to trade. Finally: Trade Management Let's say you are a swing trader. Trades you enter may take anywhere from 3 to 30 days to hit their target. Say, however, you have a hard and fast rule to take 3R profit from all of your trades because you would rather take 3R any day rather than see price go to 5R, or 7R, just to have it come on back and stop you out for a loss due to emotions or lack of paying attention, because, yes, you trade to live - you're not tethered to your computer or smartphone all day. You've got better things to do. (At least I hope you do!) You can setup an alarm to let you know that a trade you have running achieves 3R of profit, whereby you can then move your stop, then check in on it each morning and/or evening to see how you may want to lock in more profit or call it a day and cash in on your winning trade. Conclusion: In short: Use alarms to make your trading more efficient, more effective, and ultimately, more profitable. Are there any other ways that you use alarms to maximize your trading game? Let us know in the comments... I'm sure we are all, myself included, dramatically under-utilize this very powerful trading tool. Trade well, everybody!
NYMEX:CLN2021Education
by ocaptain
80
Fighting the need to be right in the marketsIn most industrial countries the educational system was created not to truly teach students, but to generate good workers for factories and other companies. Yes, we want these highly trained individuals to be able to think critically and generate new ideas. However, we want them to be excellent employees who follow the boss's instructions. So, how do we do that? We do it through our educational process where children learn that the teacher is always right. Children attend school for 12 to 16 years, and it is often reinforced that the instructor is always correct. For example, as a student, you are required to take tests. You learned that if you get fewer than 70% of the questions correct, you are a failure. "Why didn't you receive 100?" your father asks when you show it to him. So, your father expected you to be correct as well. As a result, we have a strong desire to be correct. If you don't get it correctly at least 70% of the time, you're labeled a failure. However, you want to be correct 100% of the time so that your father does not criticize you. As a result, you begin to criticize yourself first in order to solve the problem before your dad does. Let's take that and apply it to the stock market, futures market, or any other investment you could make. You want to be correct, and that to you means making money. Let's assume you buy a stock for $100 and know how to establish a stop loss: if it drops below $95 per share, you'll sell. Let's assume the price falls to $95 per share. You really want to be right, so you'd be wrong if you got out, or at least feel like you were. Your mind races with ideas such as, "It's simply a temporary setback." "Analysts expect a significant boost in earnings this quarter; I'm reluctant to sell at this time." "What if a few traders are manipulating the downturn?" So you hang onto the stock and watch it fall even further. It drops to $90. Now you have a 2R loss. If it was hard to take a 1R loss, it’s even harder to take a 2R loss. And all the same, arguments apply. Thus, you hold onto your stock. Now the stock drops to $85 and you have a 3R loss. You know you really should get out, but now your portfolio is down $4k and you can really write off $3k in losses, so you’d better keep this stock. You know it will turn around. Now you know why a psychologist and an economist won the Nobel Prize in economics for basically showing that it was very hard for people to take losses. People according to those Nobel prize winners become much more “tolerant of risk” when they are behind. The Nobel winners also showed that people tend to tolerate little risk when they are ahead, making it difficult to let profits run. People tolerate risk more when they are behind (i.e won’t cut their losses) and tolerate risk less when they are ahead (i.e they won’t let their profits run). So what can you do about your need to be right? Instead of focusing on being right, focus on not making any mistakes, whereas a mistake occurs when you don’t follow your rules. Your rules should be the golden rules of trading (previous article material). If you consider breaking these rules as being wrong (i.e., making a mistake), you’ll find that suddenly you can make money in the stock market or any other investment field. In short, you must think in terms of probabilities and statistics. As a result, you can pay attention to just following your system, and making as few mistakes as possible, because when you do that, you “know” what your results will be in the long run (knowing the expectancy of your system). Trade with care. If you like our content, please feel free to support our page with a like, comment & subscribe for future educational ideas and trading setups.
BINANCE:BTCUSDEducation
by financialflagship
30