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Owner: a camel carries a thousand kilograms and an ant carries a grain Created: 07/16/2023

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Trading Psychology: Learn the Skills to Overcome Floating Loss Trading

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Floating losses, which often happen to traders of major currency pairs, are one of the trading situations we least want to see or face. Today we will talk about the topic of "floating loss". How did the floating loss arise? Here is the daily chart. Prices found support after a long bearish move, creating a bullish engulfing pattern. Using the daily H4 combo, traders should tune to the H4 chart for consolidation and get a bullish reversal candle well above the last swing high. At this point you m

Momentum trading with the help of RSI and EMA indicators

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There are thousands of proven strategies on the web, but you have to choose the one that works best for you in order to help your trading. Today I will introduce the "momentum trading strategy" to you, I hope you can discuss it together, and please correct me if there is something wrong. 1. What is a momentum trading strategy? Momentum is a term that refers to buying when a currency appreciates and selling when it falls. This is a very popular trading strategy among most professional traders. Wh

Four Common Persistence Forms

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1. Triangular arrangement Triangular arrangement pattern means that the prices of stocks, futures, foreign exchange, gold, silver, funds, bonds and other investment and trading products do not move forward after a period of rapid changes, and fluctuate within a narrow range up and down within a certain area. It is the most classic representative of continuation patterns. Its characteristics are: (1) The graph formed by connecting short-term highs and lows has two obvious short-term highs and low

How to Trade the "Double Top" Chart Pattern Like a Pro

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There are some trading patterns in the market that are widely used by traders all over the world and double top trading is one of them. This is the easiest and clearest way to identify potential sell trades in a trade. Most novices still have a blind spot for it. Let's talk about the double top trading mode in detail below. // identify the double top pattern A double top is a bearish reversal pattern that usually forms at the end of a bullish trend. Two consecutive rounded tops at about the sam

The Golden Section Principle of the Three Principles of Wave Theory

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Earlier we introduced the history of the birth of wave theory and the three cores respectively. On the surface, wave theory seems to be quite simple and easy to use. In fact, because each complete process of rising/falling contains an eight-wave cycle, there are small cycles in the big cycle, and smaller cycles in the small cycle, that is, there are small waves in the big waves, and fine waves in the small waves. Therefore, counting waves becomes quite complicated and difficult to grasp. In addi

The Three Cores of Wave Theory

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As we said earlier, since Elliott invented the wave theory, Prechter and others have dominated Wall Street with this theory and succeeded in becoming gods. Maybe everyone will ask, why is the wave theory so magical? We know that in order to succeed in the securities market, three problems must be solved, namely: the direction of the market, the space of the market and the time of the market. In any current analysis method, it is very difficult to solve these three problems at the same time, but

Dry goods! Detailed Explanation of the Five Classic Reversal Patterns

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1. Head and shoulders reversal pattern The head-and-shoulders pattern is considered to be one of the most reliable major reversal patterns , and it can be divided into two types: the head-and-shoulders top pattern and the head-and-shoulders bottom pattern. 1.1 Head and shoulders pattern The head-and-shoulders pattern is a typical trend reversal pattern, and it is a bearish pattern at the end of the rising market. The graph is formed by the left shoulder, head, right shoulder and neckline. The pr

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