A Fibonacci fan is a technical analysis charting technique that uses the Fibonacci ratio to predict support and resistance levels graphically.
The Fibonacci ratio can be used to describe proportions in everything from nature's smallest building blocks, such as atoms, to the universe's most advanced patterns, such as unimaginably large celestial bodies. Nature...
If you have been in the market for some time, you may have heard of “Fibonacci retracements” . Today we are going to share an informative write-up along with a few exhibits that may help you solidify your understanding of this concept.
Table of Contents:
1. What are Fibonacci levels?
2. What is the significance of retracement levels?
3. How to find...
In my opinion learning in any field is connected to the "Four stages of Competence" and trading is no different. This post also answers why most traders lose in the stock market.
Following are the four stages which every trader has to pass before attaining success.
Unconscious Incompetence
----------------------------------
This stage belongs to the newbie...
Hey everyone! 👋
If you are new or have recently started posting ideas, you may have noticed that a lot of people put multiple charts in their posts. This makes their ideas more thorough and resourceful. So, the question arises, how do you put multiple charts in a single idea?
Don’t worry, we’ve got you covered. This short visual guide will help you in...
Hey everyone! 👋
You may have already seen plenty of cool TradingView heatmaps floating around social media. In case you haven’t, here is what a heatmap looks like:
This short visual guide will help you in accessing and customizing our awesome heatmap feature.
1. When you open TradingView, you will see a toolbar at the top with various options, including...
Pattern Name: Bullish Engulfing
Pattern Type: Bullish Reversal
No. of Candles: 02
How to Identify it?
1)There must be a preceding Downtrend.
2)A short Red candle followed by a long green candle.
3)The Green candle should open lower & closes higher than the Red candle.
4) The Green candle should completely engulf the Red candle.
The psychology behind it :
1)The...
In Chapter – 1, we have seen about candlesticks. Today we are going to see about supply & demand concept with candlesticks. Lets first see about the normal concept people follow for supply/demand zone. I have used numbers 1,2,3 and 4 to mark supply and demand zones in this post.
In the above chart 1 acts as demand zone as price had good upside move from it. ...
Believe me there is no such table here ....
Jokes apart have you ever thought why we are not what we might be , what is that problem which is creating a difference between our potential and our reality. I think that is our belief system every emotion whether it be of fear, greed, jealousy or any other emotion.
Let me explore more on the relation of belief with...
Intra-day trading need more of dedicated full time effort and major portion of that is finding support and resistance.
The problem trader face is these support/resistance keep updating as new sharks (trader) jump-in.
To address this we need Dynamic Support and Resistance (DSR) finding tool which can ease new trader to find place in market.
Traders need to...
learning is the process of learning merely by observing our surroundings
life is too small to make every mistake and then learn from it. A smart person always learns from others mistakes.
Importance of Vicarious learning in investing
Profit booking: Behavioural scientists have often proposed that we feel the pain much more than pleasure. If we have had a bad...
Hey everyone! 👋
Have you ever wondered how to check your post statistics such as views, comments, and likes, without going through each and every post? Today we wanted to drop this short visual guide to help you out in achieving this.
1. When you open TradingView, you will see a toolbar on the right side of the screen.
2. Click on the bulb-like icon ...
Here are a few important lessons that can help traders and investors to survive in the markets and become profitable over a period of time.
Risk Management
----------------------
Whether you are an options trader or cash market investor, risk management is the most important concept to deal with.
You should always prescribe our risk before entering the trade....
Hey everyone! 👋
Last week, we explained some of the basics to know when it comes to understanding bullish divergences in the markets. If you haven’t read that post, be sure to check it out here:
In this post, we are going to examine just the opposite: bearish divergences! Please remember this is an educational post to help everyone better understand...
How to use Trailing Stoploss. Trailing stoploss is used to ride a stock for longer time. It is one way to ride your profit and minimize your early exit.
Hello !!
Welcome to the trading psychology of a noob trader. We all know most people lose money in stocks as they do not have a proper idea about investing and invest randomly in any stock without looking technically or fundamentally.
In order to stay in the market, one needs to be patient and hold the horses when the market dumps as nothing goes down forever....
Hey everyone! 👋
Last week, we explained some of the basics to know when it comes to understanding divergences in the markets. If you haven’t read that post, be sure to check it out here: 👇
In this post, we are going to examine bullish divergence further, along with a few exhibits. Please remember this is an educational post to help everyone better...
Fear of Missing Out
------------------------
You missed a great opportunity yesterday. You take it as a mistake and don’t want to repeat it. So, today you enter in a hurry, deviating from your edge/strategy thinking that you will nail it this time. But that might not be the case.
Missing an opportunity, because it was not in-line with your back tested strategy,...
