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Newtotrading

Books on Trading PsychologyHello Tradingview Community, I'm right in the beginning of my Trading Journey. Which books helped you with your Mindset/Psychologie? I have a few Classics for now: The Intelligent Investor, Trading in the Zone, The Disciplined Trader, Psychologie of Money & Reminiscences of a Stock Operator. I'm trading Forex & Commodities for now, Stocks and Crypto will come the better i get. I wish you all a happy Easter and happy trading. Have added in the Background a Goldtrade i might take on the Leap.
PEPPERSTONE:XAUUSDLong
by zumkeller1998
End of Day Trading using Price Action Daily ChartsHey Traders here is a quick video that explains how to use End of Day Trading in your trading strategy. Learning to trade without emotions getting involved during the trade is important for developing discipline. I think that learning to trade when the market is closed is one of the best ways to achieve this. Also using japanese candlesticks with support and resistance, trends can very important. In order to find the best entry on the chart I think it is best to wait until the market has closed. That way you can see clearly the market psychology for the day. Taking the loss too soon or taking profit too soon are all mistakes that I think can be avoided by also using End of Day trading. Enjoy! Trade Well Clifford
COMEX:GC1!
by TradeTheIndex
4
WHY YOU SHOULD PAPERTRADE FOREX DEMO ACCOUNT BEFORE REAL $$$$$Hey Traders so today I wanted to take a step back and show beginners how to papertrade the Forex Market. Although some believe papertrading is not the same as real trading. I believe if you take the papertrading account seriously you will gain many benefits. You will get experience, learn discipline, gain confidence, and test your results to see if you are truly ready to open real account. Enjoy! Happy Trades, Clifford
Education
by TradeTheIndex
3
Bitcoin $100k-300+ Target - Projecting 2021 Target and ChannelPossible Indicators / Patterns / Observations: Based on analysis of the 2013 and 2017 cycle (see my related ideas) I have drawn this prediction model based on the following assumptions. If too much text bothers you just jump to the crystal ball prediction section. Stock-to-Flow target of 100k will be reached and multiplied. The current trajectory is very high and even a 30% drop will not change the momentum. I can't see how Bitcoin would go sideways for weeks and ignore the hype and fair interest in Bitcoin which will be and is even higher then in 2017. That leaves us with finding the target for 2021 and when it will hit that target to predict a parabolic curve to orient ourselves (crystal ball). What can help us from here on out are for sure the Bollinger bands. The upper Bollinger band is a good indicator for Bitcoins path and also for knowing when prices will drop. Looking at the current inclination up of the Bollinger band that gives an indication for a possible path of Bitcoin. As in the 2013 and 2017 cycle Bitcoin hovered along the upper Bollinger band. First attempts for trend channel indicators: The $100k straight trend line (orange) towards mid-August 2021 seems "too-slow and low" for matching up with Bitcoins current hunger for pace. It may still serve as a lower channel boundary and maybe an ultimate support area. The $300k straight trend line (bright green) towards mid-August 2021 seems seems aligned with the trend of the Bollinger upper band. It may serve as a trend line until mid February 2021 along with the upper Bollinger band. If you compare with the 2013 and 2017 cycles the straight trend line to its ultimate new ATH (all-time high) was always above the price action. This gives reason to believe that $300k is a realistic target (until mid-August 2021). If Bitcoin goes clearly above it for let's says two weeks, then I would argue we are looking for a new ATH target higher then 300k. Now for getting the parabolic fiting (as the straight lines are not really helpful in a parabolic market): Drawing the forecast lines (blue parabolic lines) for $100k and $300k for August 2021 shows impressively that the August 2018 target can not be correct (unless of course market drops and moves sideways for a long time). Hence we can either adjust how fast we reach these targets for the target height itself (incl. timing of a higher target). I assume a 3 month faster cycle for the yellow forecast lines. One is for mid-May at $300k and the other at $100k. I also drew some lines for $450k target (yes I know mad) as it may well be possible that BTC reaches those. Please note that price volatilty potential will increase the higher Bitcoin rises. AND most important of all - DO NOT get stuck buying after the ATH (whenever it occurs) and sit and HODL for years to wait until Bitcoin is going to make new ATHs. Know when to exit and put in Stop-Loss orders accordingly. CRYSTAL BALL SECTION: All of the above considered and melted into a crystal ball: I predict Bitcoin will reach 300k and will do so by mid 2021. My prediction channel is marked as hurricane funnel with a marker. Bitcoin will hover along the 100k mid-May 201 straight trend line until about end of February 2021. Starting March 2021 we will see the full-fledge parabolic run-up to new ATH of 300k. Forgive me any typos or chart inaccuracies. I took the time to share this quickly as BTC is reaching for $40k already. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
BITSTAMP:BTCUSDLong
by CarpeMomentum
2
GBPUSD up dateHere is another Forex trading snack! With news bombs flying around GBPUSD has finely broken higher. But what’s new here with these kind of moves right? It seems the market is leaning very negative, so when there is news, rumors of news, or news that can be interpreted as positive / no hard Brexit, the currency has a higher probability of jumping higher. But as I was saying in a previous post I was waiting for higher prices to then go short once again. However when triangles form like this one did on the 4 H chart.... Then I usually take an aggressive counter trend trade— just in case of such moves. My idea here isn’t based on technical or economic changes, but on nailing the traders who entered the trade on the short side expecting a normal triangle break with the over all longer trend, but were stopped out on a news bomb! I was able to scalp 65 pips by setting a long order just over the top triangles trend line and then set a take profit just under my new order short zone I had pointed out some days earlier. For the short trade idea now... I’m looking to enter short orders around the 1.23 level or that longer term black descending trend line. It a swing style trade, so a good technical level with the 50 and 61.8 fib’s And that descending trend line. If GBPUSD does push over the 1.2380-1.24 price I’d expect short traders to get squeezed and run for the hills. So I feel short traders will defend the zone where my entry price targets are. We will have to wait to see what happens in Asia’s Friday’s market open or maybe even Europe’s open. I suspect this triangle break will have some traders yet grabbing their short trade profits before the weekend. In turn giving my short trade idea a better price to enter. As normal, if you trade any ideas, the overall risk of loss is yours. This is not trading advice, but for training purposes on how I trade the markets. In life as well as in trading, you either make dust or eat dust! All the best.
Short
by PipsTradingClub