10 lessons for trading taught by traders from around the world.
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1. The Basics of Moving Averages
"The most common time periods for Moving Averages are 15, 20, 30, 50, 100, and 200 days. Moving Averages also form the building blocks for many other technical indicators and overlays"
"Hopefully you can also see in this video exactly *how* the market is forward looking. Thinking something will grow is not enough to consider something an investment as it may already be priced in."
"Pitchfork is a technical indicator for traders to identify possible levels of support and resistance. It is presented and based on the idea that the market is geometric and cyclical in nature"
"Do your research. Find a price level that looks important and wait. Patience is everything. You have the tools available to you on TradingView to research and follow markets in ways that best suit you."
"Bollinger Bands provide you with a way to visualize price volatility that can provide you with extra confirmation if you're looking for overbought or oversold conditions in an underlying."
@SwingAssassin 8. How To Scale Your Chart and Understand Your Timeframe
"This video is about one thing that i had been struggling with in the beginning for my charting career. Choosing a proper timeframe and scale on your charts can be the key."
9. A New Way To See Trends Using Automatic Fibonacci Channels
"If the uptrend is expected to continue, the 100%, 161.8%, and other higher levels are potential price targets. The same concept applies to downtrends."
"8000 BC is the oldest evidence of derivatives. Clay tokens used in Sumer as forwards or futures. The climate was not constant, yields would fluctuate. So it makes sense that they needed a way to hedge against supply." tradingview.com/chart/VIX/ruLf…
We hope you enjoyed this thread and the lessons included!
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A compilation of ideas and concepts created by traders around the globe.
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"Buying dips can be tricky, the issue is knowing if it's an actual dip or a full trend reversal. Kenny Rogers said it best: "You've got to know when to hold 'em, Know when to fold 'em, Know when to walk away, And know when to run"
"Invert your chart to see how it looks turned upside down. Open a chart and type ALT + I on your keyboard. On a Mac, type ⌥ + I. This keyboard shortcut flips your chart upside down. Now ask yourself: would you buy or sell? Challenge your bias."
This indicator colors the volume bars and candles according to the volume traded. The calculation of the heat map zones is determined by how many standard deviations a volume bar is from the average.
The 1% rule of trading is simple, yet often overlooked.
The rule advises to never risk more than 1% of total capital on a single trade. For new traders or investors this is especially helpful as it leads to more diversification and long-term planning.