Thread: Trading Knowledge

I really like trading allows make this the motto of this thread. It's dedied to increasing trading knowledge. Whatever can be submitted here from general notion's to methodology. Upload any files you found interesting to read. Any publiions or data that you feel could be entertaining or informative to understand. Take some pictures or alternative trading related instructional material you think would be helpful, talk about it.

I will be attempting to post some things weekly. Discuss and don't hesitate to contribute anything.

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Think about this idea. Im asking normal people not 'eduional sites' or 'professional tutors' to share with us. Im asking ordinary people like you and me.

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Originally Posted by ;

quote picture I would not trust too much this picture really. Let us take for instance the very first PINBAR. This is really a very good sign, but I read it frequently quite opposite. Whether this RED candle is at the end of longer move upward (let's say 5-10 candles) this is quite superior sign (ca.70%) for reversal, especially when We are above some MA [10 - 20]. In case the same RED candle (Yes, Red !) Is on the end of longer move down, that this is quite good sign (ca. 90 percent and up) for reversal. Best Regards!

Marecki Perhaps you have tried making this to a complete grown egy if its accurate 70% 90% would you be inclined to share it? I want to make a EA predied on it?

Here from.

Trade thrive and safe.

KP

As there's a lot of material already on this, I will just say price action.

Price action is crucial to know. By price action, I suggest things like candlestick patterns, support/resistance, and supply/demand. I don't mean to say I exclusively trade off of bare charts, but the ability itself is invaluable. I am still growing as a trader, and still have a lot to learn. I adore my indiors. What I would like to pass, is that you can't trade off of indiors alone. By doing so, limitations are placed on the capacity, although it's possible. Forex trading is the foundation of (manual) trading.)

Originally Posted by ;

picture

there are many sorts of candlesticks readily available,such as Renko,Heikeni.MT4 easy candlesticks. Which candles do you prefer and why?

Nice ribbon , SoreLoser !
Inasmuch as it is the Rookie Talk section , I believe that this is a useful publiion :
https://www.nigeriaforextrading.com/...4978009430.pdf

Originally Posted by ;

Nice thread , SoreLoser ! Inasmuch as this is the Rookie Chat section , I believe this is a handy publiion : image

Lol consider the downloads already looks like a few people actualy realised basic trading eduion is important.
Jokes aside. . That book really is a gem. Thank you for sharing RedOk.

All these were part of my informative phase along with that publiion.
https://www.nigeriaforextrading.com/...1964974396.pdf
https://www.nigeriaforextrading.com/...1892049699.pdf

Originally Posted by ;

quote there are so many kinds of candlesticks available,such as Renko,Heikeni.MT4 simple candlesticks. Which candles do you want and why?

Never restrict yourself thats my motto. I trade on normal candlestick charts and the main reason why is probably that I feel that I can see price better although its a personal preferance. I've developed systems that I use and incorporate with candles. I dont have much experience with Renko and Range-Bar charts but this is exactly what the thread is for. The following records I found on the web. Lets increase our comprehension
https://www.nigeriaforextrading.com/...1164347231.pdf
https://www.nigeriaforextrading.com/...6220050569.pdf
https://www.nigeriaforextrading.com/...1649532195.pdf

Thank you so much,really good thread and we're constantly learning in our life but I believe in trading ,playing a lot of toys tends paralysis analysis.

Originally Posted by ;

quote there are so many kinds of candlesticks readily available,for example Renko,Heikeni.MT4 easy candlesticks. Which candles do you want and why?

According to me, MT4 is more suitable for all types of traders particularly the new Forex traders.