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Technical Analysis 101!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Technical Analysis 101!! Interpreting the candlestick This type of chart is an extension of the bar chart as discussed and is actively utilised by the investors in China for more than 500 years of time period. It helps in providing the information regarding open, close, low and high in the dimensional format. It can be seen that the vertical axis of the chart helps in providing information on the prices of the FOREX whereas the horizontal axis represents the time period. The white candles are the representation of the advances of the currency and the black candles, on the other hand, represents the decline in the value of the FOREX. Moreover, the body denotes the thick portion of the candle, and the vertical line represents the wick. This chart helps the investor to forecast the future price movement of the FOREX. b) Charting systems In the mind of a few people, charts are the exemplary image of the trader’s speciality. The experienced eye can make ups and down. Charting is a questionable piece of the fund. Future research is probably going to reveal things about outlining that would amaze people today. All things considered, even individuals who eagerly restrict the training are ought to be acquainted with the essential techniques of charting. Follow your Trading plan, Remain disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
FX_IDC:USDWTIEducation
by SMPTrader
Achieve Financial Security through Self DevelopmentSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Achieve Financial Security through Self Development What skill set will you further develop over the next 90 days?What books will you read? What courses will you take? State specifically your personal development action plan for the 90 days...(your personal development is an ongoing process)............................ Strengths and Weaknesses 1. What are your skills? ................................................... 2. Do you tend to be compulsive? ................................................... 3. How much social contact do you need? ................................................... 4.Can you work by yourself day after day? Do you need other people around you? .................................................... 5.What are your psychological strengths and weaknesses? In terms of trading system development? .................................................... 6. Do you have deadlines to meet in your trading? .................................................... 7. And lots more.............................. Please let me know if you have any questions or would like to know more Happy trading :) "Invest 3% of your income in yourself (self development) in order to guarantee your future" Brian Tracy
TVC:GOLDEducation
by SMPTrader
BTC Bullish Falling WedgeI'm learning to trade to forgive me if i'm totally wrong. To me this seems like a falling wedge, all the signs seem to point toward it. Oktober has been a month where bitcoin turns around so i'm hoping to see this happen around 15th of oktober. Also if we make one more lower low there will be a lot of shorting going on which can trigger a massive short squeeze when price picks up even a little, leading up to a lot of buying volume which will confirm the pattern. Anyone care to comment?
BITFINEX:BTCUSD
by Bittimmer
3
Appen Prediction (ASX:APX)Good morning all, Here is my personal opinion on the future of the heavily publicised, machine learning company, Appen. By looking at the trend line across a history of lows it shows that the position we are currently in is quite a major moment. In my opinion 1 of the 2 options below will occur: Option 1: Price bounces back, bottoming at around $11.15 before rising back up on another wave Option 2: Price continues downfall, breaks trend line and retests supports at the $10 mark Disclaimer: Please take all of my ideas with a grain of salt as these are mostly for me to look back and reflect so I can learn and grow as a trader :) Wishing a good day to you all, Kyle
ASX:APX
by kyle36
2
BTCUSD - Bitcoin approaching the first CenterlineWe see two opposing forces. The orange A/R lines and the white Fork. The orange dashed Centerline will be first resistance. But the good news is, that if price can manage to jump above the orange Centerline, then the next target is the white Centerline. And once above the white Centerline, stage #3 is the orange U-MLH (Upper-Medianline-Parallel). This is a natural way how Bitcoin comes to live again, producing swinging volatility which we can trade with simple rules. Happy harvesting §8-) P! If you like to learn more about the Pitchforks and how they produce great trades, then here's how you can get your free beginners course: 1. Klick the link at the bottom of this post (on TradinvView.com) to get to our website. 2. Register for the FREE MEMBERSHIP 3. Login and start the course Happy learning & earning.
BITSTAMP:BTCUSDLong
by Tr8dingN3rd
2
CHF/JPY: POSSIBLE ABCD PATTERN!**DISCLAIMER** DO NOT TAKE THIS AS A BUY OR SELL SIGNAL. THIS IS MY VIEW FOR THE MARKET! Hi everyone, As you can see on the chart, there might be a possible ABCD pattern going on. Not only that, there also was a double-top spotted! Before we go into the possible ABCD pattern, i want to take a look at the support that became a resistance later on. It spiked back to the previous top, which formes a double-top! So, support became resistance. That gave me a clear reason to think it might go down further! So why do i want to short at the resistance level? Because that was previous support. Support becomes resistance remember! The resistance level is also close to a 61.80% fib retracement level! Cool right? ;) To make things clear and short: It might go a little bit above my short order but, i dont see any reason to "panic" then. Because it needs to break the 100% fib retracement level, and ofcourse: HIT MY STOP-LOSS. I don't want to make this analysis description any longer, let the picture further speak for itself :) (This is just the paper-trading. I do not invest real money in this trade!) Once again, do not take this as a buy or sell signal. If you do, i am not responsible. Thank you for taking your time. If i made a mistake, drop a comment with a argument. If something is unclear to you, or if you have any questions left, please drop a comment too :) StenB.
by StenB
1
GBP/JPY: My view for this trade :)**DISCLAIMER** DO NOT TAKE THIS AS A BUY OR SELL SIGNAL. THIS IS MY VIEW FOR THE MARKET! Hi everybody, This is my first trading idea that i post on TradingView. Please note that i am 16 years old and still in a learning process :) anyways, here's the info: So as you can see there is a double-bottom and a double-top. i illustrated it with the blue and red lines (and the black lines on the swing high and on the swing low). The white box represents the lows acted as support, which also gave me a reason to think it first goes to the previous resistance level (marked with a red arrow pointing down on the left side on your screen). And, the previous resistance level is also a 50% fib retracement, just to make things clear. After it hit the previous resistance level (50% retracement), i expect it to go to the previous support (and a resistance) level. That is marked with a green striped line. ( This is just the paper-trading. I do not invest real money in this trade! ) TP: 1.663 pips. SL: 1.142 pips. Risk/Reward Ratio: 1.46. Once again, do not take this as a buy or sell signal. If you do, i am not responsible . Thank you for taking your time. If i made a mistake, drop a comment with a argument. If something is unclear to you, or if you have any questions left, please drop a comment too :) StenB.
by StenB
2
Part 1: What is Technical Analysis? Starters guide for investingDear investor, Welcome to my blog, where i am trying to learn investing with technical analysis (TA). I will share my studies and investings ideas with you, so we can discuss with each other.. First off all i'll investigate a theoretical studie. After this i'll try the theoretical studie on cryptocurrencies. This blog is for everyone who wants to start investing, but does not know how to begin. Why cryptocurrency? The volatility makes it more attractive to invest in Cryptocurrencie. Because of the volatility we can invest in short and long term targets. My opinion: do not invest money what u can't loose and make youre own strategy on how much money you can invest. What is TA and prognosis? Technical analysis is an anlysis method whereby we will make an prognose by watching historical price. From this sentence we can conlcude that all our prognoses are related on just one piece of information: the historical price movement. For the technical analyst the price movement is the only objective information what he has. All other informations are subjective and can be interpreted in different ways. Another important word in the previous sentence is prognose . This word prognose is carefully chosen, because making of an prognose is not the same as predicting. Predicting suggest any certainty, but this is not possible. My analysis can be verry good, however it can be wrong because of all kinds of unexpected external/internal factors. The course is never unclear: it rises or goes down . This can not bi disputed. With prognosing we sketch the most likely scenario, with targets and stop loss. Targets are my selling points. I'll not sell all my coins in just 1 target, but spread it in 1/4 part on each target. The stopp-loss is the level where i will get off my coins with loss. When reaching this level, i say that my analyse is wrong and i have to step out with loss timely before i'll have bigger problem (If i do not step out at this level, a will have a bigger loss what means i have to wait to long time to get my money back). When finishin my investing scenario, i'll make an counter scenario with the possible movement if my scenario fails. (This is just an example on how to note targets and stopp-loss on youre charts, not an trade idea. Finding the target areas and stopp-loss are will be studied in another part..) Summary: For the technical analyst the price movement is the only objective information what he has; Making of an prognose is not the same as predicting. Predicting suggest any certainty, but this is not possible; The course is never unclear: it rises or goes down; With prognosing we sketch the most likely scenario, with targets and stop loss In the following parts i'll write about charttechincal and statistically analyse. I'll studie Elliot wave and combine this with indicators to prognose an scenario. If you like to know more about investing with TA please follow me and feel free to place youre comment. One generation passeth away, another generation cometh, but the earth abideth forever. The sun also ariseth, and the sun goeth down, and hasteth to his place where he arose. The wind goeth toward the south, and turneth about unto the north; it whirleth about contunually, and the wind returneth again according to his circuits. All the rivers run into the sea; yet the sea is not full; unto the flow from whence the rivers come, thither they return again... The thing that hat been, it is that which shall be; and that which is done is that which shall done; and there is no new thing under the sun.. Source: Elliot Wave Principle, Key to Market Behavior. The books i mostly use and reccomend are: - Elliot Wave Principle, Charles J. Collins - Investing with technical analysis, H.J. Geels (Dutch)
COINBASE:BTCUSDEducation
by NLTR_crypto