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Beginner

Simple Technical Analysis for BeginnersIdentifying the Support (lowest price), Resistance (highest price), and Key Levels (areas price gravitates to between Support and Resistance) one two or more timeframes. Today, I have them marked on the 4H and 1H Timeframes. Identifying Support Support is the lowest level a price will go before reversing. A support is created in two ways. The first way is when Sellers in the market close their existing positions and take their profit. The second way is when new Buyers enter the market by opening new positions. Identify all historical Lows in a chart. Circle these zones. Connect as many as possible using straight horizontal lines. These are known as areas of Support. Identifying Resistance Resistance is the highest level a price will go before reversing. A Resistance is created in two ways. The first way is when Buyers in the market close their existing positions and take their profit. The second way is when new Sellers are entering the market by opening new positions. Identify all historical Highs in a chart. Circle these zones. Connect as many as possible using straight horizontal lines. These are known as areas of Resistance. Chart Made Using AlphaMind AM All-In-One Indicator
Education
by elleferrero
Time to invest in Shiba All People who know about Crypto Currency know what that Shiba proof last months and now is one of TOP #15 crypto in the marketcap you can invest a lot to get a lot for a short times and if you plan to be rich with few invest , yes you can but you need more time and don't take an overdose of dreams because actually is impossible for Shiba to reach 1$ neither 0.1$ yes is impossible and maybe it will possible if they change something or they create anothers things but it possible to reach 0.009$ yes you can be rich if you invest now the price is 0.000010$ . We hope good things for this strong crypto currency .
by yacinos2219
3
Happy New Month. AUDUSD SUMMARY & PREDICTIONGood morning I hope you all are having a wonderful life as it Is our birthright. I want to let us know that for the past 730 Hours AUDUSD has moved................. Zero PIPS. Yes, we are right back where we started and I'm really optimistic about what's in store for us this month. Last month began with sellers dominating and I wonder If we'll get that this coming week. Will the seller win or has there been a shift in the market? Please take your time to think about this. We are not in a hurry to trade, we may not be the most active but we are the most profitable. Make this your mantra, Thanks. Do we know what channels are? If you don't please send me a message and I'll explain. I believe that in moments of indecision the market takes a side movement. It could be an upwards channel or a downwards channel or a simple range moving to the side. Like, the whole of last month was just a move to the side, lol. If you look at the chart you will see WHITE horizontal lines, indicating support and resistance ZONES. If you take another look you will see that the price moved above a downwards trend line Indicating THE POSSIBILITY of a change in trend. WE WERE SELLING, NOW WE SHOULD BE BUYING. Message me If you have any misunderstandings. Let's go the Economics : AUD has had a positive RBA Interest Rate Decision, Positive Trade Balance, Negative Employment Change, Positive GDP just two days ago, and a Positive Trade balance as of yesterday. USD has a positive Jobs Data, A negative ADP Nonfarm Employment Change (Apr), positive PMI"s, an Increase in the Interest rate, Negative Jobless claims, positive Nonfarm Payrolls (Apr), mixed CPI news, and a negative Jobless claim that turned the market in favor of AUD mid last month. All these happened and guess what. There was no significant move in the market. We want to capture a big move and we think it's happening soon. If you check out my previous posts, I have THREE before this. You'll have a clearer understanding of what's coming next. Our Forecast We are still bullish on aud usd We don't expect the big move to happen Immediately but It'll happen soon. Every swing low should be an Indication to BUY if you are SCALPING/DAY TRADING, not the other way around. Once there is a change in market sentiment we will know AND Obey. Our Method this coming week will be to buy 15min fractals till the next fractal. If you don't understand what fractals are, send me a message, and I'll explain. You can as well like this post and follow this page and I'll keep you updated with AUDUSD Setups this coming week. Have a lovely weekend. CHEERS.
by iamspirit_io
The basics of back-testing (HOW TO)Hey Traders, Today I wanted to follow on from the fantastic amount of comments that we are receiving from the previous video, "stop strategy jumping." It seems that so many of you took a whole heap of value from that video and for that I am very thankful and to everyone who reached out and told their story or let me know that it really touched them. As highly requested, I wanted to run through a basic way to start getting the grips with strategy back-testing. How can we go about back-testing our strategies to ensure that they are profitable for us in the long run? Take a look, have a listen and tune in. Set up an excel sheet the way I do and get back testing. There's only one way to do this, and it is to do the hard work. Let me know what you guys find. I can go more in depth in the future, but for now. It seems like most people wanted to get to grips with the absolute basics, which is what I'm going to show you today. If you have any questions at all, please the comment section is the place to be. As always, have a fantastic trading week and a fantastic weekend traders. I'll see you very soon.
Education
by the5erstrading
12
The study of the prism of vision 🎓Here an open mind opinion which will be very usefull if you are a beginner, if you are at research of profitable and regular results, if you research something working for you in this game, and for many others. I will not develop any strategies or analysis here (it would be too long), just show exemple of some with, in the end, some advice that you MUST read to perform in this trading. First I will explain why it came to my mind to make this post and secondly I will provide a deep speech for everyone of you. If you follow me, you know I provide notably updates on Bitcoin for the moment, my analysis, some explanations about what happen inside the market and some expectations for the future (and signal / trades when there is). Yesterday when I wrote the LDTP #11 (you can find it related to this idea), I explained many technical things and during I was writing the post, market made exactly what I was explaning for and what I usually develop. It gave this masterpiece from market like I called it in the initial post 👇 Here showing most of the knowledge I use in my strategy, you will find on this chart Volume analysis, Volume Profile analysis, Wyckoff Pattern analysis, Resistance / Support analysis, Candlestick analysis, Supply / Demand analysis but it's not what I want to develop here. When I cleared my chart, I said to myself : " How beginner cannot be lost when we see this obvious triangle that probably others people develop, exploit, trade for and claimed as THE solution in trading ? Which one say true, is it the Wyckoff pattern with the spring or is it the triangle ? " And so I developped this triangle, and others technics, always taking a blank chart arguying around differents technics. Here the result (I don't present it as working strategies, just as other setup, reading and visions) : Using Support / Resistances, Chartism analysis, Volumes 👇 Using Supply / Demand, Candlestick analysis 👇 Using Harmonic pattern 👇 Using Fibonacci retracements & extensions 👇 Or just using the Tradingview Bollinger Bands strategy 👇 And so, looking to that, I was asking myself : "How peoples can determined which content could be usefull for them when everybody say differents things, claiming for differents technics / strategies, speaking of a same chart ? Who say the truth ? Is this game a big coin flip party ? ". I believe some beginners have already wondered about it. How don't think that when you start here and you see many traders, revendicating as professionnals, saying the exact opposite of the others for some reasons that all seams technically viable. 🔰 So here my answer that you need to read : 🔰 In trading, nobody say true but nobody say wrong also, because there will be always a moment where they will have reason. No strategy say true but no strategy say wrong too, because there will be always a moment where they will have reason. Same as indicators, same as technics, same as ... In the end only market have reason. Don't search to control the market, search to understand it. Don't search to be rich, search to be profitable. Don't search to always have reason / always win trades, but most of the time. ▶️ Don't believe others ! Find usefull content, learn from them, learn from you, but learn. You will never win money by following naively what someone say even more if you don't understand what he say and why he say that. Look at all technics, at all approch, at all strategies you can find in trading, search on these, learn on these, until you find one which will fit with you. You will never win money by applying painfully the strategy of another person. Your mind, your personnality have to show through your strategy. Like there is thousand of assets to trade on, there is thousand way to trade them. ▶️ Grind the market until you apply your strategy/knowledges unconsciously ! Here how your brain work or how you have to make it work : You are unconsciously incompetent, then you do research to experiment new approch of understanding. You find it so you become consciously incompetent, then you learn about it to become better. You force yourself to apply it so you become consciously competent, then you grind it everyday, everyweek, everymonth as long you need for integrate it. When you are finally able to do it naturally you become inconsciously competent, then you can restart with another unconsciously incompetent aspect of you. ▶️ Don't avoid failure, you will fail ! Every trader already failed, at different scales, but this is a fact. This is how work your brain, you learn, then you apply, then you fail, then you learn from it to apply better and to avoid future mistakes. And failure will became less important but you will continue to fail, and you will continue to learn from them. This is how you become profitable. You can block yourself in a state where you don't want to fail, but you will never progress. Failure help to question ourselves, it's an essential step to progress. If you are not able to take a step back from your results, from how you apply your strategy and your knowledges, you will run into a wall, you will loose time and failure will became harder than never. ▶️ Become mathematically reliable ! Today you have the opportunity to test strategies for free, abuse of it. Use virtual money accounts and train for days, weeks, months, years until your strategy became mathematically reliable. By using virtual money and not your own, it will able you to fail, as much you need it. But you will also work on your strategy out of any emotions. Because when you trade with real money you are impacted by emotions, and as you are, your strategy will, and is profitability with it. If you don't do that step of learning and applying far from real money you will lose your time to blame your emotions like the reason why you are loosing money but it's just that your strategy isn't' profitable on long term. ▶️ Work on yourself ! As you have to work on your knowledges to improve yourself, you will have to work on your personnality to win money in trading. You will experience emotions and you will have to learn to control them. If you cannot you will have to learn to don't trade when you feel emotions. Emotions will make you overtrade, deviate from your strategy and so from your profitability in trading. Emotions will blind yourself from your true value, making you better than you are or worse than you are. Emotions will cause moments of intense joy as well as moments of deep sorrow. Frustration, revenge, confidence, motivation, patience, mistakes, pain, sadness, happyness I could quote decades that you will have to deal with, you will fail because of them, you will tilt, and you will have to learn about it again. Speaking of pacience, this is the major mistake of beginner for me, if you are not able to put your ass in a chair and look at market without taking a single trade during a full day, you don't trade for the good reason : you trade to feel emotions and not to win money. You are not looking the market to find entry, you are waiting the market to give you an entry : weigh the meaning of these words. And if you had doubts about it, you won't be rich tomorrow from trading because you read this words, but it can give you answer to achieve your goals. ▶️ Open your mind ! Like I showed there is many technics in trading, explore them ! That don't mean that you have to use them but you have to understand what exist, why some can be usefull in some case and not in other ... Also open your mind to other's plans, admit that you could say wrong and that you could think wrong. Another mistake that some do : don't explore only one way, don't think because this indicator say "..." that market can go only here "...". Take a step back, create scenarios that the market could follow and search in these which one you could exploit. Market cannot surprise you if you do this job, become proactive and stop being reactive. You will see that the emotional charge will be less important. But don't confuse, that don't mean you anticipate the market, you just imagine what he can do. Never anticipate the market, or you will lose money. ⚠️ To finish, I made a statement in one of my past ideas that I want to reiterate : "Whatever your strategy, whatever your indicators, whatever your amount of knowledges, if it is mathematically reliable it doesn't lie but premiums scams lie. Doesn't matter who you want to follow, who you want to support, who you want to believe, always verify that he doesn't provide public payable services where your person serv his own interest. That probably the best advice I can give you. You will need to surround yourself to progress in trading, that a fact, but don't be the food of this guys." Saying all that, I hope you understand now that trading isn't a question of "this indicator is better than this one", or "this strategy is the best way to ...", no it's just how you use it, how much you trained for, how much you grind to handle it. If you had to remenber only a sentence, use this one : "Making money in trading is math and respect of strategy, so never let your emotions guide you in uncomfortable positions" If you arrived to these final words I think it's because you want to improve yourself and I promise you that you will succeed if you put the amount of work necessary. It will not be an easy path but nobody said that it will be simple, except those who earn money from you. There was so much things to say that I probably forgot sometimes what I wanted to say, and there is always at least as much to say. Maybe one day I will do another chapter but for the moment : Like, follow or comment* if you like, I need it to continue ! *Speaking of comments, come ask questions, come share your point of view, come debate, I need it to feel that my without counterpart work is usefull for some !
Education
by Kentg
3
Daily/4HR Time Frame BUY ;)I'm new to analysing graphs,so any feedback on my analysis would be helpful. I see liquidity happening,first hitting on 11th Dec 2020 then a reversal occuring,20th Dec 2021 hitting again leading to another reversal occurring,7th March breaking through the support (where there would be alot of buyers) to take out the buyers on the support line.(sniper entry would be at the callout arrow) I had a buystop order at 1.31400 to see if a couple of bullish candles would trigger it which confirm my analysis and increase my confidence to buy at a lower low next time if this pattern occurs again.
Long
by tmuni_
AUDCAD ShortWatching for a confirmation on the H4 and H1 for a good entry. After a few losses I started to solidify my system and the confirmations I'm looking for. -Set the pitchfork on the Daily chart and Weekly RSI -Does the trade coincide with the higher time frame trend? (If no then no trade) -Is the trade returning to the median line (If no then no trade) -Will the trade encounter a significant S/R in the direction of the trade? (If yes then no trade) While I continue to research the use of Median Lines, I have begun looking into Fib retracements to find the best entry points.
Short
by UnknownUnicorn2349278
Beginner's Charting Attempt 1: COSTFirst: Any constructive criticism is very much appreciated and helpful! :) So here I am, an absolute beginner with a couple crayons of knowledge: I just drew in what I observed to be wedges. The first a rising bullish wedge that continued to a bullish trend. That wedge was followed by a falling bearish(?) wedge. I thought a continuation pattern (bearish) was more likely than a reversal (bullish) because of resistance (COST had previously hit that high before and didn't break through). I might've used some of the terminology wrong, honestly. But I'm just trying to journal out my thought process to be able to communicate and work through my own ideas and opinions.
NASDAQ:COSTShort
by bexlua
BTCUSDT BEARISH PREDICTIONI'm bearish for bitcoin and this is my opinion only My technical analysis is from 69K ath - the downtrend is composing of lower highs and lower lows so we can draw a clear downtrend line connecting those wycks and also the price is under 52k-59k horizontal support i think this is a strong resistance... this coming more days and weeks and next ups down of bitcoin is still on BEARISH TREND... My target still remains on 40k zone SUPPORT AND MY SAFEST AREA TO PLACE is around 28k again this is only my idea as a beginner analysis for BITCOIN CHART IF YOU HAVE A COMMENT AND IDEA PLEASE FEEL FREE TO SEND IT HERE!!! (it really help out to grow as a good trader someday) THANKS!!!
Short
by rainiereballes2820
3