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Pakophutietsile

are you the Messi or Ronaldo of trading“In football, some say Messi was born with it, and Ronaldo built it. In trading, the same debate lives on—are the best naturally gifted, or relentlessly crafted?” The Messi vs Ronaldo debate is more than just about football. It’s a lens into how we perceive greatness: Messi, the effortless genius, gliding past defenders like he was born with a ball at his feet. Ronaldo, the relentless machine, forged through discipline, self-belief, and sheer work ethic. Both legends. Both dominant. But two very different paths to mastery. And that same question echoes loudly in the world of trading: Are great traders born with a gift—or made through grind, loss, and experience? The “Natural” Trader : Messi There’s a romantic idea that some traders just have it: They “see” the market differently. They time entries perfectly. They stay calm in chaos. But what we often overlook is that this perceived instinct is usually refined intuition, earned through thousands of chart hours, hard-won lessons, and deep emotional work. Just like Messi has trained for decades—even the gifted must still grow. The Ronaldo Blueprint: Greatness Is Built Cristiano Ronaldo is often cited as the perfect example of what's possible through obsession, sacrifice, and discipline. Every goal, every leap, every sprint—is a result of work. And in trading, that blueprint is more common than you think. Here’s how great traders are built: Through structured process. Clear rules, risk protocols, and systems that remove emotion. Through deep reflection. Journaling trades, studying behavior patterns, reviewing psychology—not just price. Through emotional mastery. Remaining centered during drawdowns and not getting high off wins. Through resilience. Getting back up after losses, blown accounts, bad calls, and still showing up. This is the Ronaldo of trading. And it’s replicable—if you’re willing to put in the reps. Talent Helps—but It’s Never Enough Yes, some traders may be “wired” with certain advantages: Pattern recognition, mathematical intuition, calm under pressure. But just like talent in sports, without discipline, it fades. Without consistency, it cracks. In truth, most consistently profitable traders you’ll meet are not the flashiest or most “gifted.” They’re the most adaptable, the most disciplined, and the most reflective. So… Which One Are You? It doesn’t matter. Because the bigger question is: Are you willing to grow into the trader you want to become? Great traders are not born or made. They are choosing to evolve—every day. They put ego aside and put in the work. They trade with intention, not impulse. Nerd Tip: You might start your journey as a “Messi” or a “Ronaldo,” but in the markets, the path is yours to shape. The charts don’t care where you begin—they respond only to how you show up. So whether you’re gifted or grinding— Keep sharpening the edge. Keep showing up. Because in this game, consistency beats brilliance. Stay disciplined. Stay dangerous. put together by : Pako Phutietsile as @currencynerd
PEPPERSTONE:XAUUSDEducation
by currencynerd
the markets are a very emotional cry babyIf you've ever asked, “Why is the market going up on bad news?” or “Why did it dump after great earnings?”, you're not alone. Markets may seem logical—economic data in, price action out—but in reality, they’re driven by human emotion, crowd psychology, and reflexive feedback loops. The charts don’t lie, but the reasons behind the moves? Often irrational. Let’s break down why markets are emotional—and how traders can use that to their advantage. 🧠 1. Markets Are Made of People (and People Aren’t Rational) Even in the age of algorithms, human behaviour sets the tone. Fear, greed, FOMO, panic—all of it shows up on charts. Fear leads to irrational selling Greed fuels bubbles and euphoria Uncertainty causes volatility spikes—even with no new information 📉 Example: The 2020 COVID crash saw massive capitulation. Then came one of the fastest bull markets ever—driven by stimulus and FOMO. another example 📊 S&P 500 in 2020 with VIX, the S&P 500 crashed and the VIX went up, When the VIX (CBOE Volatility Index) goes up, it means that traders/investors expect a greater likelihood of price fluctuations in the S&P 500 over the next 30 days. This generally indicates increased fear as shown on the chart below 📈 2. Price Doesn’t Reflect Facts—It Reflects Belief The market is not a thermometer. It’s a barometer of expectations. When traders believe something will happen—whether true or not—price adjusts. If the Fed is expected to cut rates, assets may rally before it actually happens. 💡 Nerd Tip: Reality matters less than consensus expectations. Chart Idea to visit: 💬 USD Index vs. Fed rate expectations (2Y yield or futures pricing) 🪞 3. Reflexivity: Belief Becomes Reality Coined by George Soros, reflexivity explains how beliefs can influence the system itself. Traders bid up assets, creating bullish momentum That momentum attracts more buyers, reinforcing the trend Eventually, fundamentals “catch up” (or the bubble bursts) 📌 Insight: The market creates its own logic—until it doesn’t. 😬 4. Emotional Extremes Create Opportunity When markets overreact, they offer setups for rational traders. Capitulation = Bottom Fishing Euphoria = Caution Disbelief = Strongest rallies 🧠 Pro Tip: Watch sentiment indicators, not just price. Fear & Greed Index, put/call ratios, or COT data reveal what the crowd is feeling. Chart Example: 📊 Bitcoin 2022 bottom vs. Fear & Greed Index.. on the chart above the index score close to zero (RED) indicating extreme fear this was because in november 2022 crypto cybercrimes grew new level and investors lost confidence, these cyber crimes included the bankruptcy of FTX as the owners were allegedly misusing customer funds. 💡 5. How to Trade Rationally in an Irrational Market a. Have a plan. Pre-define entries, exits, and invalidation levels. b. Expect overreaction. Markets often go further than they “should.” c. Use sentiment tools. Divergences between price and emotion are gold. d. Don’t fight the crowd—until it peaks. Fade extremes, not momentum. e. Zoom out. 5-minute panic means nothing on a weekly trendline. 🎯Nerd Takeaway: Markets aren’t efficient—they’re emotional. But that emotion creates mispricing, and mispricing = opportunity. You don’t need to predict emotion—you just need to recognize it, and trade on the reversion to reason. 💬 Have you ever traded against the crowd and nailed it? Or got caught up in the hype? Drop your chart and your story—let’s learn from each other. put together by : @currencynerd as Pako Phutietsile
BINANCE:BTCUSDEducation
by currencynerd
7
Trade Wars, Tariffs & Currencies: The Connection Explained📊 What Are Tariffs & Why Should Traders Care? 💱 Tariffs are taxes imposed by a country on imported goods. Think of them as the "price of entry" foreign products must pay to access domestic markets. 🔍 Why Governments Use Them: Protect domestic industries from cheaper foreign goods Retaliate in trade disputes Raise revenue (less common today) 🧠 Why Traders Should Watch Tariffs: Tariffs don’t just hit companies—they ripple through economies and currency markets. Here’s how: 📉 1. Currency Impact Tariffs can lead to currency depreciation in the targeted country as trade volumes fall and foreign demand drops. Example: When the U.S. imposed tariffs on China, the Yuan weakened to offset the blow. 📈 2. Inflation Pressure Tariffs make imports more expensive, fueling inflation. Central banks may respond with rate hikes—which moves markets. 🌐 3. Risk Sentiment Tariff wars increase global uncertainty = risk-off sentiment. Traders flee riskier currencies (like EMFX) for safe havens like the USD, CHF, or JPY. 🔄 4. Trade Balance Shifts Tariffs can affect a country's trade balance, influencing long-term currency valuation. 💡 Trading Tip: Watch for tariff announcements or trade tension headlines—they often precede volatility spikes in major pairs. Combine with sentiment tools and fundamentals for best results.
Education
by currencynerd
Unlocking the Power of TradingViewWhether you're a forex newbie or a seasoned trader, having the right tools can make or break your trading success. One platform that consistently stands out is @TradingView charting powerhouse packed with features designed to give you an edge. I @currencynerd I'm all about helping traders stay smart and stay sharp, so here’s a look at @TradingView features that can enhance your trading game. 1. Advanced Charting Tools TradingView's clean, responsive charts are one of its strongest features. You can customize everything—from chart types (like Heikin Ashi, Renko, or Line Break) to timeframes (including custom ones like 3-minute or 8-hour charts). Multiple chart layouts allow you to view several pairs or timeframes side by side—perfect for multi-timeframe analysis. Pro Tip: Use the “Replay” feature to practice backtesting and understand market behavior in real-time. 2. Built-in Technical Indicators TradingView offers hundreds of built-in indicators (RSI, MACD, Bollinger Bands) and community-created ones. You can also stack multiple indicators on the same pane for cleaner setups. my is Favorite: “Pako Phutietsile's <50%”, which is an automatic indicator that detects and marks basing candles on the chart. A basing candle is a candle with body length less than 50% of its high-low range. This is essential for supply and demand traders. 3. Pine Script for Custom Strategies If you're serious about systematizing your edge, Pine Script lets you build and backtest custom indicators and strategies. Even with basic coding knowledge, you can automate entry/exit rules, alerts, and more. Nerdy Bonus: Many user-generated indicators are open source. Tweak them to fit your style. 4. Smart Alerts Set price, indicator, or drawing-based alerts that trigger via popup, email, or even webhook. This means you don’t need to watch the chart all day—TradingView becomes your eyes on the market. Example: Get an alert when RSI crosses below 30 on GBP/USD or when price hits a key Fibonacci level. 5. Economic Calendar & News Integration Stay ahead of market-moving events with TradingView's built-in Economic Calendar and News Feed. You can filter by currency or event impact to focus only on what matters to your trades. 6. Community & Script Library TradingView’s social side is underrated. Thousands of traders share ideas, scripts, and trade setups. It’s a great way to test your biases or discover new strategies. Tip: Follow high-reputation contributors in the trading/investing space and learn from their setups. 7. Multi-device Access & Cloud Sync Access your charts and watchlists from anywhere. Whether you're on desktop, tablet, or phone, everything stays synced in the cloud. You can start charting at home and get alerts on your phone while you're out. Final Thoughts: @TradingView isn’t just a charting tool—it’s a full-fledged trading assistant. Whether you're looking to simplify your workflow, test strategies, or get real-time alerts, the platform can enhance every part of your trading process. If you haven’t explored these features yet, give them a try. And if you're already using TradingView like a pro, let us know your favorite features in the comments! Stay sharp, stay nerdy. — @currencynerd
PEPPERSTONE:BTCUSDEducation
by currencynerd
The World’s Financial PowerhousesMoney never sleeps — and in certain cities, it practically runs the show. These financial capitals aren't just centers of wealth; they're the beating hearts of global finance, moving trillions every single day. Today, let's take a quick tour through the cities that move markets, set trends, and shape economies. 🌍 1. New York City: The Global Titan Nickname: The City That Never Sleeps Key Institutions: New York Stock Exchange (NYSE) NASDAQ Wall Street banks (Goldman Sachs, JP Morgan, Morgan Stanley) Why It Matters: New York is the world's largest financial center by market cap, volume, and influence. If you trade stocks, currencies, or commodities, you’re feeling New York’s pulse — even if you don’t realize it. 🔔 Trading Fact: The NYSE alone handles over $20 trillion in listed market cap! 🌍 2. London: The Forex King Nickname: The Old Lady of Threadneedle Street (referring to the Bank of England) Key Institutions: London Stock Exchange (LSE) Bank of England Hundreds of forex and investment firms Why It Matters: London is the epicenter of forex trading — commanding nearly 40% of the global forex market turnover. Its time zone also bridges Asia and North America, making it crucial for liquidity during major sessions. 🔔 Trading Fact: The 4 PM London Fix is a major reference point for institutional forex traders worldwide. 🌍 3. Tokyo: The Asian Anchor Nickname: The Gateway to the East Key Institutions: Tokyo Stock Exchange (TSE) Bank of Japan (BOJ) Why It Matters: Tokyo sets the tone for Asian markets — and often for global risk appetite during the Asian session. The Japanese yen (JPY) is the third most traded currency globally, often acting as a safe-haven barometer during market turmoil. 🔔 Trading Fact: Japan is also home to massive institutional players known as the "Japanese real money accounts" — pension funds, insurers, and mega-banks. 🌍 4. Hong Kong & Singapore: The Dual Dragons Nicknames: Hong Kong: Asia’s World City Singapore: The Lion City Why They Matter: Hong Kong: Gateway for global money flowing into China and emerging Asian markets. Singapore: Major hub for forex trading, wealth management, and commodity trading. Both cities are fiercely competitive, tech-driven, and strategically vital for accessing Asia’s fast-growing economies. 🔔 Trading Fact: Singapore is now ranked among the top 3 global forex trading hubs, catching up fast to London and New York. 🌍 5. Zurich: The Quiet Giant Nickname: The Bank Vault of Europe Key Institutions: Swiss National Bank (SNB) Swiss private banking giants (UBS, Credit Suisse) Why It Matters: Zurich represents stability, security, and discretion. It's a powerhouse in private banking, wealth management, and gold trading. The Swiss franc (CHF) is another classic safe-haven currency — and Zurich's influence is a big reason why. 🔔 Nerdy Fact: Despite its small size, Switzerland punches way above its weight in forex and commodity markets. 🗺️ Why These Cities Matter to Your Trading Liquidity: Big cities = Big volumes = Tighter spreads and faster executions. Market Movements: Economic reports, policy decisions, and corporate news from these capitals can spark global volatility. Session Overlaps: New York–London overlap? Tokyo–London handoff? Understanding when these cities are active helps you time your trades better. Final Thoughts : You don't have to live in New York or Tokyo to trade like a pro. But you do need to understand where the big moves are born. Follow the money. Watch the capitals. Trade smarter. Markets may seem chaotic — but behind the noise, the world’s financial capitals keep the rhythm steady. put together by : @currencynerd as Pako Phutietsile
Education
by currencynerd
one of the most underrated charts : M2(money supply)When it comes to forex and macro trading, it's easy to get lost in charts, indicators, and economic calendars. But one of the most overlooked—and incredibly powerful—macro indicators is the M2 Money Supply. In this post, we’ll break down what M2 really is, why it matters, and how traders like you can use it to get an edge. 💰 What Is M2 Money Supply? M2 represents the total amount of money in circulation in an economy, including: M1 (physical cash + checking deposits) Savings deposits Money market securities Time deposits (under $100,000) In simple terms: M2 tracks how much money is sloshing around in the system. 🧠 Why Traders Should Care About M2 When M2 goes up significantly, it often signals that a central bank is easing monetary policy—i.e., printing more money, keeping interest rates low, or using QE (quantitative easing). Conversely, when M2 contracts or slows, it suggests tightening, and could signal reduced liquidity, higher rates, or a slower economy. M2 = Macro Liquidity Meter And liquidity drives markets—especially currencies. ⚙️ How to Use M2 in Your Trading Strategy Here are 3 ways you can incorporate M2 into your macro trading toolkit: 1. Gauge Inflation & Currency Value When a country expands its money supply rapidly (like the U.S. did during COVID), the purchasing power of its currency often declines, especially against currencies with tighter monetary policy. ✅ Watch for divergences: If M2 is growing fast in one country and flat in another, that’s a potential FX opportunity. 📉 Example: USD weakened sharply post-COVID when M2 surged. 2. Confirm Trends in Interest Rates M2 often leads or confirms central bank policy. Shrinking M2 → Tighter conditions → Rising rates → Currency bullish Expanding M2 → Easier policy → Lower rates → Currency bearish Use it alongside yield curve analysis and central bank projections. 3. Identify Risk-On/Risk-Off Regimes A rising M2 usually supports risk assets like equities and EM currencies. Falling M2 can trigger liquidity squeezes, flight to safety, and stronger demand for USD or JPY. Use M2 as a macro filter for your risk appetite. Watch for turning points in M2 to anticipate market regime shifts. 🔎 How to Track M2 on @TradingView Open a new chart and search for: 🔍 FRED:M2SL – U.S. M2 Money Stock (seasonally adjusted) You can also compare this against: DXY (US Dollar Index) USDJPY, EURUSD, or other major FX pairs U.S. 10-Year Yields (US10Y) or Fed Funds Rate (FEDFUNDS) Add M2 as an overlay or sub-chart for macro context. Use the "Compare" tool to visualize divergences with currency pairs. 📌 Final Thoughts M2 might not give you minute-by-minute trade signals like an RSI or MACD, but it offers something far more powerful: macro context. When used with other indicators, it can help traders: Anticipate currency trends Understand shifts in monetary policy Position for regime changes in risk appetite Remember: the smartest traders aren’t just charting price—they’re charting liquidity. And M2 is the ultimate liquidity map. put together by : @currencynerd
FRED:M2SLEducation
by currencynerd
3
From Gut to Algorithm: How AI Is Changing the Game for TradersArtificial Intelligence isn't just changing tech — it’s rewriting the rules of trading and investing. What used to be the domain of seasoned floor traders and intuition-driven bets is now increasingly dominated by algorithms, machine learning models, and predictive analytics. Here is how AI changing the markets — and what it means for traders like you. 📈 AI in Action: How It’s Used in Markets AI impacts trading in ways both seen and unseen. Here’s how: Algorithmic Trading: High-frequency trading (HFT) firms use AI to make thousands of trades per second, exploiting tiny inefficiencies. Sentiment Analysis: AI scans news articles, social media, and earnings calls to gauge market mood before humans even blink. Predictive Analytics: Machine learning models digest millions of data points to forecast stock movements, currency fluctuations, and market trends. Portfolio Management: Robo-advisors like Betterment or Wealthfront use AI to automatically rebalance portfolios — making decisions humans might overthink. Risk Management: Banks and hedge funds use AI to predict and manage market risks faster than traditional risk teams ever could. 🤖 Why AI Is a Game-Changer for Traders AI isn’t just about speed. It's about edge. ✅ Processing Power: AI can analyze complex patterns across decades of historical data — something a human could never do in a lifetime. ✅ Emotionless Trading: AI doesn’t panic, get greedy, or revenge trade. It executes the plan — consistently. ✅ Adaptive Strategies: Machine learning models evolve over time, adjusting to changing market conditions without needing a human hand. ⚠️ The Dark Side: Risks and Challenges AI isn’t magic. It introduces new risks into markets: Flash Crashes: Algorithms can amplify volatility — causing sudden, violent moves like the 2010 Flash Crash. Overfitting: AI models might "learn" patterns that don’t actually exist, leading to disastrous real-world trades. Market Homogenization: If everyone uses similar AI models, trading strategies become crowded — making the market more fragile. Ethical Concerns: Who is accountable if an AI trader manipulates a market unintentionally? Regulators are still catching up. 🧠 What This Means for You Whether you’re a day trader, swing trader, or long-term investor, understanding AI is becoming a competitive necessity. Retail traders are starting to access AI-powered tools once reserved for institutions. Custom indicators, predictive models, and smart portfolio managers are more available than ever. But remember: AI is a tool, not a crystal ball. Human judgment, risk management, and emotional discipline still matter. In the end, the best traders will be those who can combine machine intelligence with human intuition. in conclution: Markets have always rewarded those who adapt. AI isn’t replacing traders — it’s changing what trading looks like. The future belongs to those who can learn faster, adapt smarter, and trade sharper. Stay curious. Stay strategic. Stay ahead. put together by: @currencynerd courtesy of: @TradingView
NASDAQ:PLTREducation
by currencynerd
trailblazing women who took Wall Street by storm these incredible women have paved a way for female investors and traders around the world showing great resilience and fearless mentality despite facing gender discrimination going on to achieve great things in the financial field, motivating the future generation of young women that they too can achieve the unthinkable. 1. HETTY GREEN the witch of wall street also referred to as "the woman who loved money" born November 21, 1834 and also believed to have been the richest woman in America before the time of her passing, Hetty Green started her financial/business journey from a young age through the influence of her father who was a successful agent, oil manufacturer, and Quaker, who encouraged her to read and study financial texts when she was a young girl, he believed that even women needed to understand the dealings of money, business and overall how the financial world operates. She is best known for turning an inheritance of between 3 - 7 million to 100 million U.S dollars approximately $2.5 billion in today's money. She did this by investing in U.S government bonds, stocks, real estate and railroads and providing financial support during crises, most especially the Panic of 1907, making her a reputable investor and financier, using a buy low, sell high strategy and impeccable psychology facing markets militantly and unafraid even in times of panic. 2. VICTORIA WOODHALL the first woman to run for presidency born September 23, 1838, Victoria came from a very poor background, with the influence of their father she and her sister sold herbs and potions posing as spiritualists and healers they caused them to live a on the run from one place to another due to unsatisfied customers/patients. Their nomadic lifestyle led them to Manhattan were they caught the attention of railroad magnate Cornelius Vanderbilt, who it was believed they helped him keep in contact with his dead wife he in return offered them financial advice and through this connection they were able to open the first female owned brokerage in wall street in 1870 called WOODHULL, CLAFLIN and CO with clients of high society women, rich widows and high value prostitutes, this become a success earning them over $700 000 about 2million today. She used this money to further her goals and fund her campaign to run for presidency. 3. ISABEL BENHAM madam railroad born 1909, in the 1920s Isabel enrolled at a women only college called Bryn Mawr in Pennsylvania, with a strong desire to study economics and work in wall street it has a great tragedy to find that the school offered no economics courses but Isabel insisted the college offer economics studies and made history by being 1 of 5 women to graduate from the college with a degree in economics. after graduation, living in times of the great depression also facing daily gender discrimination this did not stop her from pursuing her dreams to work in wall street, she started a side hustle by selling magazine subscriptions and later landed a job as a bond strategist on wall street bond house R.W Pressprich and Co. and due to her resilience and hard work providing accurate reports of the railroad industry became their first female partner and first woman as a partner of a wall street bond house and first woman to be appointed Board of Directors for a railroad. 4. MURIEL SIEBERT the first lady of finance born 1928 without graduating from any college her finance career started by being a finance research trainee and grew her expertise by working in various brokerages. through hard work and determination by year 1967, despite numerous failed attempts and rejection she became the first woman to have a seat on the BYSE being the only woman among 1,365 men which was a remarkable achievement. she went on to co-found Siebert and Co a broker- dealer in 1969 and when the the NYSE jettisoned it's 183 year old tradition allowing it's members to negotiate broker commissions her company became America's first discount brokerage also being owned by a woman. by year 1977 she hit another incredible career milestone by being appointed superintendent of Banks for New York state, overseeing all NEW YORK banks with no banks failing in her 5 year term. 5. GERALDINE WEISS grand dame of dividents considered one of the best female investors/ traders of the 20th century, learning about investing by reading investing texts like Security Analysis by BENJAMIN GRAHAM and studying business and finance earning a degree at the University Of California. with her advanced knowledge about investing she was still unable to get any job position higher than secretary due to gender discrimination in the male dominated industry but this did not put out her fuel and and undying desire to become be involved in the investment community and by age 40 she started her investment newsletter called "Investment Quality Trends" under a pseudonym "G. Weiss" to hide her gender as at the time many believed no woman can make successful investments and did this for a decade with her subscribers thinking she is a male it was only in 1977 when she appeared on TV program "wall street with Louis Rukeyser" that she revealed her gender this now with her newsletter being a success with accurate analysis asserting that dividend yield is a key valuation measure that how she got her nickname. hope this inspires more women to be more active in the trading world. Whatever women do they must do twice as well as men to be thought half their inferior. Luckily, this is not difficult. – Charlotte Whitton put together by : Pako Phutietsile as currencynerd
OANDA:XAUUSDEducation
by currencynerd
4
if you use technical analysis you owe a lot to these individualsTHE HISTORY AND ORIGIN OF TECHNICAL ANALYSIS I am a firm believer that as investors/traders we need to know the historic and major events that have occurred in this magnificent field of ours that have shaped how it is today. Today i want to shed light of knowledge on the history/origin of technical analysis as this is a widely used concept that is used by majority of traders/investors to analyse/predict future market moves through the evaluation of historic market data especially price, volume and implied volatility and many have made a living and good returns on the financial markets using the various technical analysis tools and concepts but not knowing where it all started. many do believe that technical analysis was initiated by Charles Dow in the 1800s but this is not true as evidence of Technical Analysis dates far back as to the 17th century from basic and underdeveloped methods as compared to the more evolved ones used in Morden-day times. Let's get straight into it: 17th CENTURY -- 1. the Dutch east India Company traders The Dutch East India Company which was formed in the Dutch Republic, Amsterdam in 1602 which is known to be the first publicly traded company, trading mainly in spices, Indigo and cotton, which gave way to the first financial market the Amsterdam Stock Exchange. Here is when the earliest forms of technical analysis came to show when the Dutch traders would graph record/keep track of the various price fluctuations of their stock but in a basic form. 2. José or Joseph Penso de la Vega still in the 17th century a Spanish diamond merchant, philosopher and poet best known also as Joseph de la Vega, born 1650 in Spain also considered one of the earliest financial market expert published a marvellous financial read called "Confusion De Confusiones" which provided detailed awareness of how the Dutch financial market participants operated focusing on their illogical behaviour and price patterns they used further more hinting on technical analysis with his descriptions of technical analysis concepts such as puts, calls and pools which are still relevant in Morden-day technical analysis and how he used these in the Amsterdam Stock Exchange. 18th CENTURY Homma Munehisa Homma Munehisa, born 1724 in Sakata, Japan a Japanese rice merchant trading in Dōjima Rice Exchange developed what i consider the most popular form of technical analysis which proved high standards of acceptance as traders/investors world-wide still use it in modern-day times, he initiated the Japanese Candlestick/ K-Line (primarily known as Sakata Charts), which is a price chart that's represents the open, close, high and low prices of a security for a specific time period which was introduced in his book "THE FOUNTAIN OF GOLD- THE THREE MONKEY RECORD OF MONEY" which also shared insights about chart patterns, markets trends and traders human emotions. LATE 19TH AND EARLY 20TH CENTURY Charles Henry Dow considered father of technical analysis born 1851 Charles Dow is the one that first to induct modern-day technical analysis in the United States Of America, he was an American journalist who co-founded Dow Jones and Company which is a publishing firm along ide Edward Davis Jones and Charles Bergstresser. He also co-founded The Wall Street Journal which its first publication was on July 8, 1889 which became the the most reputed financial publication and first of it's kind which was a series of texts that discussed his observations of the U.S stock market especially the industrial and transportation stocks listed in the U.S stock market this gave way to the Dow Jones Industrial Average and Dow Jones Transportation Average, he also held a strong believe that "the stock market as a whole was a reliable measure of overall business conditions within the economy" he also developed the Dow Jones Theory which states that the market has 3 trend phases which was a significant breakthrough in technical analysis as this theory aids traders/investors in identifying the major, intermediate and minor trends in the market. after his passing many other technical analysis developers came from studying his work/publications which include the likes of William Hamilton who later become the editor of the wall street journal, others notable followers of his work include Robert Rhea, George Shaefer and Richard Russel. another prominent figure in the development of modern-day technical analysis is Ralph Nelson Elliot born 1871 whose financial career started as an accountant, Mr. Elliot was famously known for studying 75 years of historical stock market data and recording his research and findings manually as computerized systems where limited which i believe is very outstanding. his work is based on a theory that market movements are not random and that the markets moves in specific trends and patterns (waves) which are influenced by traders/investors psychology. his wave theory gained traction in March 13, 1935 when he stated that the the market will make a bottom and indeed the following trading day the Dow Jones Industrial Average made it's lowest closing price, which proved his Elliot Wave Theory to be a significant technical anaysis concept. 20th CENTURY Technical Indicators with the aid of computerized systems technical analysis evolved into technical indicators which are computer systems backed by mathematical calculations of price data which apply these calculations to analyse large volumes of market data incorporated by algorithms which overlap on charts to forecast future price movements. hope you have a fun read and learned something new. “In learning you will teach, and in teaching you will learn.” Phil Collins put together by Pako Phutietsile as @currencynerd
COINBASE:BTCUSDEducation
by currencynerd
BTC to run out by year 2140, who is the biggest whale?bitcoin whales are individuals or entities that hold/own the most amount of the digital XAU, to achieve this financial status one has to own at least 1000 BTC, with the coin's supply being infinite to 21 million (also known as HARD CAP), meaning that only 21 million bitcoins can ever be created. it's important to know who the big players are in the market also to keep track of the left supply. one of the important reasons i think why the supply was capped at 21 million was to ensure no risk of inflation even though the Bitcoin creator 'SATOSHI NAKAMOTO' disclosed once that him capping it at 21 million was just an "educated guess" in order to control supply, there is what is called Bitcoin halving which is the process by which the reward for mining BTC by half hence the term halving. the first ever halving was November 28, 2012 this was the start of a historic run of BTC as a deflationary asset and the most recent was this year APRIL 19, with the reward for mining a single block cut from 6.25 BTC to 3.125 BTC. this event happens when 210,000 are added to the blockchain. this also reduces the rate at which new coins are created maintaining scarcity which results in an increase in value. with all that said, WH0 OWNS THE MOST BITCOIN? top 5 public cooperation's that hold most Bitcoin * MICROSTRATEGY - U.S company - holds 214,400 est. Value - $13.5B * MARATHON DIGITAL - U.S company - hold 17,631 est. Value - $1.1B * TESLA - U.S company - holds 9,720 est. Value - $600M * HUT 8 - CANADA company - holds 9,109 est. Value - $574.1M * COINBASE - U.S company - holds 9,000 est. Value - $567.2M top 5 countries that hold most Bitcoin * USA - holds 207,189 est. Value - GETTEX:13B * CHINA - holds 194,000 est. Value - $12.2B * UK - holds 61,000 est. Value - $3.8B * GERMANY - holds 50,000 est. Value - $3.1B * UKRAIN - holds 46,351 est. Value - $2.9B top 5 private companies that hold most Bitcoin * Mt. Gox - holds 200,000 est. Value - $12.6B * Block.one - holds 140,000 est. Value - $8.8B * Tether holdings - holds 75,354 est. Value - $4.7B * Xapo Bank - holds 38,931 est. Value - $2.4B * BitMEX - holds 36,794 est. Value - $2.3B then there are other investors that are involved in the BITCOIN market without directly purchasing it but through bitcoin related assets. these are : *Grayscale Bitcoin Trust holds 291,802 est. Value - $18.3B *iShares Bitcoin Trust holds 274,322 est. Value - $17.2B *Fidelity Wise Origin Bitcoin Fund holds 152,880 est. Value - $9.6B *CoinShares/XBT Provider holds 48,466 est. Value SEED_TVCODER77_ETHBTCDATA:3B *ARK 21Shares Bitcoin ETF holds 43,470 est Value - $2.7B top individuals that hold the most BTC. *SATOSHI NAKAMOTO 1.1MILLION BTC *THE WINKLEVOSS TWINS 70,000 BTC *TIM DRAPER 29,500 BTC *MICHAEL SAYLOR 17,732 BTC researched and put together by : Pako Phutietsile as @currencynerd
COINBASE:BTCUSDEducation
by currencynerd
A Long "short"i analyzed this a while back and completely forgot about. but when i opened the price chart i noticed that price is reacting off significant market price structures. basically, on the Monthly price chart... price is reacting to liquidity pool covering price areas from 0.91000 to 0.90600 which is based off monthly supply of proximal price 0.91000 and prev. demand Continuous Proximal PRICE of 0.90600. and price on smaller timeframes is trading below parallel bullish price channel but i am waiting specifically for the 4HR candlestick to form a full OCHL below the channel to indicate changing market momentum to bearish. with targets @ previous swing valley around price areas of 0.89400 and 0.89000! always remember, the market never forgets significant price areas.. used up/not. put together by : Pako Phutietsile as @currencynerd
Short
by currencynerd
Fib Retracement - better/important than most believeFibonacci. introduced by Italian mathematician "father of the Fibonacci sequence" Leonardo Da Pasa (born around A.D. 1170) in 1202 in his book Liber Abaci "book of calculations" which he handwrote as the printing was not yet invented, which also became the first book to be introduced to the Hindu-Arabic numeral system as it was a new way to write numbers and do calculations. Fibonacci in trading. the most important/popular fib tool in the trading/investing community is the Fibonacci Retracement applied from the Fibonacci sequence which is a set of steadily increasing numbers where each number is the sum of the preceding 2 numbers. Fibonacci retracement, is derived based on high and low price/ valley and peak in supply and demand terms. The most important Fibonacci ratios/percentage of the retracement measure is - 23.6%, 38.2%, 50%, 61.8%, 100%, with the ratio/percentage being represented by horizontal lines on the price chart. calculated by : in bull market, high price - (high price-low price) x percentage in bear market, low price + (high price-low price) x percentage Significance of Fib Retracement. these are very important too traders as the indicate significant price levels/areas like : - support and resistance - liquidity pool - using rectangle drawing tool to connect two fib retracement levels together as a zone not a singular ratio level. based on current market conditions and trading criteria. - price targets, exit price (Take Profit) - Stop Loss - stop and limit orders (set and forget for supply and demand traders) Fibonacci retracement also compliments other trading tool and indicators well and can be used by all sorts of traders, from position traders to scalpers. it works best on trending market conditions to identify reversals, corrections, pullbacks continuation moves. important note : - Leonardo did not invent Fibonacci, it was actually used and known to Indian mathematicians since the 6th century. - the 50% is not really a Fibonacci number instead is taken from Dow theory that assets usually retrace half their prior move. put together by : Pako Phutietsile as @currencynerd
OANDA:XAUUSDEducation
by currencynerd
Top Trading BooksLiterature is one of the best ways to share and spread knowledge and information around the world, here are my top picks of the most informative, knowledge packed trading books that can help improve and transform your trading approach for the better. 1. Market Wizards - by Jack Schwager, 1989. this consists of a series of interviews from a couple of the world's renowned traders including Paul Tudor James, Bruce Kovner, Richard Dennis and several others as they share tips and insights on what makes them the best from the rest. It reveals to traders/investors some of the traits it takes to become a successful trader. "the elements of good trading are (i) cutting losses, (ii) cutting losses, (iii) cutting losses. 2. Trading In The Zone : master the markets with confidence, discipline and a winning attitude - by Mark Douglas, 2000. this is mostly a trading psychology book that explores the significance of the right mindset when pursuing trading success as well as ways to maintain and gain emotional intelligence in the fast-paced trading environment and how emotional control is an essential part in any trading plan. "do not let past loses influence your future" 3. Reminiscence Of A Stock Operator - by Edwin Lefèvre, 1923. published almost 100 years ago, inspired by the life of stock trader Jesse Livermore. This book highlights tons of experience he gained in the stock market from the failures to success that even present day traders face. "there is nothing like losing all you have in the world for teaching you what not to do, and when you know what not to do in order not to lose money, you begin to learn what to do in order to win" 4. Technical Analysis Of The Financial Markets : a comprehensive guide to trading methods and applications - by John Murphy, 1999. given the name "the bible of technical analysis" updated from his landmark best seller "technical analysis of the future markets" if you want to learn how to track market behavior this is the book for you. if also offers from basic trading concepts to advanced trading concepts covering also different technical indicators and over 400 chart illustrating different market techniques. after reading i am sure you will be able to create a trading system that fits oneself. "it should be stressed here again, however that basic trend analysis is still the overriding consideration" 5. One Up On Wall Street - by Peter Lynch, John Rothchild, 1989. this book focuses more on the importance of research, study and analysis to go from beginner to expert trader as well as the different investment opportunities in our everyday life's that expert investors are not even aware of. Most importantly the effective investment techniques, strategies and guidelines that aided Peter to become one of the best fund mangers of all time. "the trick is not to learn to trust your gut feeling, but rather to discipline yourself to ignore them" 6. When Genius Failed - by Roger Lowenstein, 2000. this book tells the story of the rise and fall of one of the most impressive hedge funds Long-Term Capital Management which has more than $120 Billion under management before its downfall in 1998. The book is written in 2 sections, the first focuses on the 'genius' business model of the hedge fund that delivered more than 40% between 1994 and 1998 and the second segment explores the firm's downfall. "investors long for steady waters, but paradoxically the opportunities are richest when the markets turn turbulent" but together by : Pako Phutietsile ( @currencynerd )
OANDA:XAUUSDEducation
by currencynerd
2
new year, new trader Happy new year to all @TradingView users A new year is often regarded as new and fresh beginning, the start of something new, i hope this is the year we excel and reach the kind of success and profitability we all long for and if you have reached it i hope to get the wisdom to maintain and improve on it. here are some things to leave behind in 2023 that can help on your trading journey to being a successful trader: -Fear of being stopped out or fear of taking a loss - Getting out of trades too early - Adding on to a losing position - Wishing and hoping instead of having a sound approach to the markets - Not trusting your trading system - keep a trading journal -overtrading ( random trades) and here are the things you should consider doing to improve your trading in 2024: -Educate Yourself -Create a comprehensive trading plan -Practice with a Demo Account -Start Small: When transitioning to live trading -Use Proper Risk Management always -Stay disciplined -learn from past mistakes i hope this information helps you a lot. To a whole lot more trading knowledge sharing. put together by : Pako Phutiestile ( @currencynerd )
OANDA:XAUUSDEducation
by currencynerd
swing traders are going to love this!the trade bias on this idea is strictly based on technical analysis. going straight to the monthly price chart liquidity pool ranging from 28.08800 to 26.39800 has been the current significant price area in control of price since a rejection from the area in 01 march 2022. price has been also showing signs of bearish rejection from price levels @ 25.40550 failing multiple times to close above, price continues to indicate increasing bearish momentum with bearish trendline (acting as dynamic support & resistance) still intact with no full OHLC candlestick closing above and MONTHLY candlestick currently trading below bullish trendline which closes in 28days a close above is extra confirmation for a continued move to the downside. i have targets at previous high @ 19.6500 with just below it resting fresh demand zone, but the next bearish price of interest is liquidity pool ranging from 22.00100 to 22.25650 if we clear it then all aboard the TP cruise ship. put together by : Pako Phutietsile ( @currencynerd ) SUPPLY AND DEMAND RULES ALL MARKETS
OANDA:XAGUSDShort
by currencynerd
5 biggest gains in Nasdaq 20232023 has been a thrilling year in the financial markets with fears of a recession with rising inflation and continued interest rates hikes, WHAT A YEAR! but even with the trials and tribulations many investors have faced sailing the deep seas on the financial markets here are the top 5 biggest one-year percentage gains on the NASDAQ Exchange 2023 : 1. Jin Medical International (ZJYL) - Medical sector, surgical appliances and supplies industry. this Changzhou, China based cooperation provides manufacturing of wheelchairs and other health-aid products for disabled and elderly people worldwide, with gains of +389.2% 2. NextPlay Technologies (NXTP) - Consumer Discretionary sector, Business services industry. this company operates in 3 segments : media, travel and FinTech providing games, in-game advertising, digital asset products and booking services to residents of U.S, Puerto Rico, Europe and Thailand but is based in Sunrise, Florida, with gains of +152.8% 3. Invivyd (IVVD) - Medical sector, Biological products industry. this company delivers antibody-based therapies that protect vulnerable people from viral infectious diseases starting with SARS-CoV-2. headquartered in Waltham, Massachusetts. it has gained +138.0% for year 2023. 4. Compugen (CGEN) - Medical sector, Biological products industry. it is a clinical-stage therapeutic discovery company with product testers in Israel, U.S and Europe and it's headquarters in Holon, Israel with one-year percentage gains of +122.4% 5. Sphere 3D (ANY) - Computer and technology sector, Software-Application industry. this is a carbon neutral bitcoin mining company with enterprise data-services experience. it is based in Greenwich, Connecticut with gains of +106.0% merry Christmas to all investors and traders on @TradingView . it's all love, this is @currencynerd signing out for the year. to more and more knowledge sharing in 2024.
OANDA:XAUUSD
by currencynerd
will the cable trade higher when BoE increases rates .. 1.30000?gbpusd , great british pound / u.s. dollar (the cable) economic outlook : on May 11 2023 the BoE is meeting and it is expected that they will hike the interest rates and even though on May 3 the Fed are also expected to lift rates there is a interest rate differential as the Fed are also planning to pause raising interest rates which could signal the british pound outperforming the u.s dollar. more positive for the sterling as, the united kingdom government is said to have borrowed less that expected which means there will be a fiscal stimulus that could add more bullish momentum on the cable. technicals : price has been trading is consolidation phase with the psychological low of the sideways range @ 1.19000 and the high @ 1.24500. bullish momentum is in control of price as price is respecting and holding bullish trendline by trading above it and is trading above the high of the consolidation phase @ 1.24500. i have targets at weekly supply level of proximal price @ 1.27800 but overrall bullish targets @ 1.30000 supply and demand FX:GBPJPY put together by : Pako Phutietsile presented by : @currencynerd courtesy of : @TradingView
Long
by currencynerd
2