Simeon6w

Simeon6w

To analyze the GBP/USD chart using the trending strategy, we can observe the following key points: 1. **Current Trend**: The chart shows a bearish trend, indicated by a series of lower highs and lower lows. The price is currently fluctuating around the 1.28728 mark, suggesting a continuation of this downward momentum. 2. **Support and Resistance Levels**: -...

Simeon6w

Lesson for today Let's break it down: - A daily chart shows the big picture, like a country on the map. - A correction within a trend on the daily chart is like a smaller trip (a city) inside the bigger journey (the trend). - Now, if you zoom in to a shorter time frame (like a 4-hour or 1-hour chart), you'll see that this smaller trip (correction) is actually...

Simeon6w

Hey there! Let's talk about something called "Mindset in Trading." It's all about how our thinking and emotions affect our trading decisions. So, is it overrated? Let's find out! When we talk about mindset, we're talking about our mental attitude, or how we think about things. In trading, having the right mindset is often seen as very important. But why is that?...

Simeon6w

As a trend follower, trend continuation refers to a trading strategy that aims to capitalize on an existing market trend that is expected to persist in the same direction. It involves identifying and participating in ongoing trends rather than trying to predict or anticipate market reversals. The basic premise of trend continuation is that once a market is in...

Simeon6w

Imagine you're looking at a graph that shows how many trades are happening at different prices in the forex market. The volume profile indicator helps us understand this information better. Now, the point of control (POC) is a special point on the graph. It's like the most important point because it shows where the most trades are happening. It's like the...

Simeon6w

I'll explain the concept of Dow Theory in a simple way for an 8-year-old. Imagine you have a toy car that you really like. Sometimes, the car goes up a ramp and moves higher and higher. That's called an uptrend. It's like when things are going really well and getting better. But sometimes, the car goes down a slope and moves lower and lower. That's called a...

Simeon6w

Trend following strategy DAx30 trade using dowhow strategy still in down trend and no possible buy opportunity disclaimer for educational purposes only

Simeon6w

AUDCHF POSSIBLE LONG OPPORTUNITY disclaimer for educational purposes only

Simeon6w

possible down trend on EURNZD disclaimer educational purposes only

Simeon6w

This Is An Educational + Trend following That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.