About meThe daredevil, market analysts & troublemaker. Who believes in turning dreams into goals, comedy is my middle name. Hey laughter brings happiness, you know.
WHAT IS TRADING PSYCHOLOGY?
Trading psychology is a broad term that includes all the emotions and feelings that a typical trader will encounter when trading. Some of these emotions are helpful and should be embraced while others like fear, greed, nervousness and anxiety should be contained. The psychology of trading is complex and takes time to fully master.
In...
The simple system uses a 15 and 30 moving average crossover, and extreme stochastic oscillator levels as confirmation.
Now here are the rules of the system. This is a pretty mechanical system, so you don’t have to think much about the entries or the exits. We go long when the stochastic is oversold, and the 15 moving average crosses above the 30 moving average....
Hi traders I've been wondering in the past how to trade using Bollinger bands, I've mastered the indicator so I wanted to share what are Bollinger bands and how to use them.
Description
Bollinger Bands use 2 parameters, Period and Standard Deviations, StdDev. The default values are 20 for period, and 2 for standard deviations, although you may customize the...
The market is in a falling wedge which will give a third touch at the downward trendline and drop to the downward trendline and give a third touch then break out towards the upside
The nature of gold is bearish but at this moment the market closed with an bullish engulfing candle 1H, the market is tend to move towards the upside to give a fourth touch before it continues moving down
As the market formed a rising wedge testing the previous high, after it broke the rising wedge it didn't have much momentum and formed some sort of bearish flag which is a continuation to the the downside, and impulse to the downside and formed a falling wedge in the 15min chart. So therefore this analysis with holds another frame of correction after breaking a...
The market is in a corrective phase coming from an impulsive move towards the downside, according to the forecast that has been analyzed which will be looking for a bearish flag, rising wedge and give a double top formation that will be a nice confirmation that DXY will be going for sells
The market is currently in a downtrend on the daily timeframe and the market structure has given 3 confirmations which are Raising channel, head and shoulders and a bearish flag which is being formed at the right shoulder of the pattern
Bitcoin has broken the previous high which was #42266.32 as the market has broke that level, there's an indication that the market is trying to show us based on a reversal pattern which is a rising wedge. If the pattern is fully formed the market will retest the previous high which is now the support level on the 4h chart.
Bitcoin is in a bullish rally with more...
Nas100 has been in a bullish rally since the beginning of February, this is the second week that the market has closed on new highs and high gains. In the daily timeframe the market is in a bullish channel and there are few inside bullish channels, before the market has closed Nasdaq had formed a bullish pennant and the pattern has been broken.
The next target...
The market has made it correction pattern and now there'll be a breakout which will indicate that the market has concluded it's correction pattern. 0.91611 level will be the level were the market will bounce off after it has broken the reversal pattern and the pattern will be fully formed.
On the daily timeframe the market is in an uptrend were I'm expecting BTCUSD will be set upon at 17435 at year end. On the H4 timeframe the market broke the strongest resistance level and now we looking for buy Signals only.
NZDUSD buy stop order will be placed at the given price and stop loss will be placed @0.65792. NZDUSD is in an uptrend at the Daily and H4 timeframes and bulls are in control.
The market was in a steep movement which isn't sustainable, the market broke the 1st support line and retested the resistance level. The second support trendline was set on the reversal point and the market broke the second support trendline, third support trendline was set at the lower low of the price action and the market broke the trendline, price action is...
The market broke the resistance and formed a bullish trend, predictions are that I'm expecting a downside retracement before the market proceeds the bullish trend
