Is trading addictive?Is trading addictive? Yes, if you do not consider
trading as a business, it can become addictive.
Overviewfxacademy
Swing TradingSwing trading is a speculative trading strategy in
financial markets where a tradable asset is held
for one or more days in an attempt to profit from
price changes or "swings".
Strong TrendIn this case, the “buyers” are in full control of the trend
and there are only small bearish moments. It is very difficult
to enter the pullbacks because there will be only a small part
of them as the market will tend to push upwards. The best way
to trade in this situation is to pick up the signal at the beginning
or otherwise wait for a break out of the structure. This scenario
is called "Strong Trend"
FakeoutFakeout is a term used in technical analysis to
refer to a situation in which a trader enters into
a position in anticipation of a future transaction
signal or price movement, but the signal or movement
never develops and the asset moves in the opposite
direction.
Confluences“Confluence trading” is when you combine more
than one trading technique or analysis to increase
your odds of a winning trade. In the example above,
you can see how was possible to catch this new uptrend,
you might have used Fibo or a retest of a broken trend
line or a demand zone.
Pin BarPin Bar, which is short for 'Pinocchio Bar,' is a single
candlestick setup that clues price action traders into
potential reversals in the market. A pin bar is an elongated
wick that 'sticks out' from price action. When you see a
Pin Bar, be aware of a possible change of direction.
Time FramesBefore entering a trade, is not important to just look for
confirmation, is also important to look at smaller time frames
to see if your analysis is completely valid. I personally use all
the time frames also the 1min!
AccumulationThe accumulation area represents a period of buying,
typically by institutional buyers, while the price remains
fairly stable.
VolumeVolume is the only indicator that, sometimes, I use.
It tells you if the trend, once in a S&D or S&R zone
will bounce or continue the trend. If once reached
the zone the volume is super high, the trend has a
high possibility to reverse.
WicksWicks tell us if the trend is still strong or not. Many
traders use them as their first strategy, I try to use them as
an extra confirmation. A lot of wicks tell us that the
trend is exhausted and that it wants to change direction.
Easy and effective!
Base LineEvery Supply or Demand zone has a stronger level on it.
That is called base line and it can be drawn between the end
of the indecision candle body end the beginning of the
legout body. Give a look at the graph and watch how this level
influences the market!
