Give the system a test run EU and GU , and don't forget to express your appreciation once you secure funding ! ..If you don't have any system yet, It could be the missing piece of the puzzle you've been searching for, I can assure you that during the backtesting process, you will discover many new and interesting insights.
In this tutorial we have learned about Bollinger Band trading concept. When the price is above the 20 MA always think about buying the call/futures or selling the put options. When the price is below the 20 MA always think about buying the put and selling the futures/call options. If the 20 MA is flat - Sideways Market If the 20 MA is upwards - Bullish (Trending...
RSI - Relative Strength Index Indicator: The Relative Strength Index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can have a...
Confluence doesnt mean some indicators and price action .. confluence conditions can be seen everywhere from structure to entry The above structure shows you confluence with 2 major concepts in trading world HARMONICS and ELLIOT, shows you the possible areas where you could see confluence of both The 3rd wave could some times be BAT pattern or DEEP CRAB...
The fact that GPT can generate Pine Script™ code has garnered much attention lately. While the perspective of making natural language requests to an AI to generate code is understandably attractive, it is unfortunately not something traders should use as a substitute for learning to program or finding a freelancer who will program for them if they are not...
Today we are going to start learning about fundamental analysis of companies. In my opinion, this is the basic skill you should have when picking stocks to invest in. Once again, the main principle of the strategy I follow is to pick outstanding companies and buy their stocks at a discounted price. You may have noticed that first-class products are occasionally...
Trading is a waste of time - until you do this! Welcome back for another exciting video, an educational video, and an eye-opening video for a lot of traders, and I have given it a very, very interesting title that is Trading a Waste of Time. Let's find out in this short video. Recently reading a book called The Best Loser Wins. It's written by Tom Hoggard , he...
Understanding where the liquidity in the market is our edge, now note we are not anticipating a change in detraction, but a pullback after the swipe of liquidity at least 20-30 pips pullback, we take advantage of the pullback that why we go deeper to the ltf to look for entry, so we can get into the trade, and know where to get out
MCX:GOLD1! What is Trend and how to identify it? A trend is the overall direction of a market or an asset's price. an uptrend is defined using peak and trough analysis. An uptrend is represented by a series of successively higher highs (peaks) and lows (troughs), while a downtrend is represented by a series of successively lower highs and lows. ->One can...
Hey everyone! 👋 🥳 Welcome to the 2022 Community Awards! 🥳 It’s that time of year again, which means it’s time for us to shine a light on some of the best content shared on TradingView in 2022. Roll back the clocks with us as we dive deep into the best trade ideas, educational posts, and videos that you shared on our network. Without further ado, let’s jump...
Hello guys today here I am sharing about RENKO charts for what is RENKO chart what are the uses and what are the benefits of this chart type. So that is why I am using RENKO chart for this publication. WHAT IS RENKO CHART (INRTRODUCTION)-: A Renko chart is a type of chart, developed by the Japanese, that is built using price movement rather than both price and...
Nifty corrected in a downward Elliot 5-wave pattern. The impulse waves 1, 3, and 5 are equal in length. The Elliot waves are complete only at the end of the 5th wave of the 5th major wave. This is also confirmed by the divergence in RSI. The market is likely to continue its original uptrend after the completion of the downward correction.
Analysis on 6th Jan 2023. For Study Purpose- - Make it Simple as possible. - State of mind while trading far more important than actual amount you trade, so don't confuse by putting too much analysis every time. - In Above chart you can see how clearly trend changing can be captured just with little bit of conviction on study. Wish you a Happy...
Unlike conventional Price Action Analysis, which relies on countless chart patterns, Supply Demand Strategy focuses only on four high-probability price formations. Rally Base Drop (RBD) is one of the four price formations which lay the foundation of the Supply Demand Trading Strategy. Rally Base Drop Pattern RBD is a reversal price pattern, which one can...
Isaac Newton, who turned people's view of the world upside down, once said: "If I have seen further than others, it is by standing on the shoulders of giants". And indeed, each of us has a chance to discover something new for ourselves and others by drawing on the wisdom of our predecessors. I want to say a big thank you to Benjamin Graham, David Dodd, Warren...
Hello guys here I am sharing a very interesting topic for which we heard and discuss many times and that is Compounding my dear friends so I am trying to share few things about it below-: WHAT IS COMPOUNDING-: Compounding is the concept of continually reinvesting the earnings from an investment to generate more earnings, which are also reinvested to earn more,...
Want to be spoon fed .🤤 Don't have a trading plan .🤐 Dosen't validate a trading strategy .😒 Get swayed by news and opinion.🥴 Wrong expectations 😵 Trading without poven concept .🤥
Pullback Trading Strategy over 80% Success Rate Rules Moving Average - Price should above 200 Period Moving Average Entry - 10 Period RSI Below 30 Exit - 10 Period RSI Above 50 Stop Loss - Recent Swing Low I hope you understood the pullback trading rules. Chart 1 : Reliance 9.68% Up The price was clearly above the 200 Period Moving Average...