The simple answer is I don’t. Nor, with any certainty does, anyone else.
“So what do you do” becomes the follow up question.
Most Fibonacci charts that we see posted on the internet are not drawn or used correctly.
Based on institutional algorithms this Free Guide will explain to you exactly what Fibonacci retracements and extensions are and how they should properly be used on your charts.
See How This ChartPros Trade Room Member Used Apex Trader Funding to Earn Over $1M in the last year!
Vince Koehn, a long time ChartPros Trade Room member talks about his success with Apex Funded Trader program.
We frequently get asked about various funded trading programs and we've reviewed plenty of them but historically never participated in or recommended any of them.
Navigating the Markets with Price Action Technical Analysis: Expert Tips for Successful Stocks, Options, Futures, Forex, Crypto, and Commodity Trading
Price action technical analysis is a popular and effective approach to navigating the financial markets, including stocks, options, futures, Forex, Crypto, and Commodity trading.
This article will provide expert tips and insights to help you successfully trade various financial instruments using price action technical analysis. By understanding and applying these concepts, you can improve your trading skills and potentially achieve greater profitability.
I often think about and wonder what and how technology could have reshaped our present lives if it existed centuries ago. Along those lines, I wonder what sort of setup Jesus might have had if He used a computer.
One of the most frequently asked questions I get is “Tom, what computer do you trade from and how many monitors do you have setup?”
My answer surprises most people and may surprise you as well...
Market Insights Briefing:
Conquer Trading Discipline and Consistency by Building Your Mental Edge
Recorded Thursday October 12, 2023
Trading is not easy, but can be life changing.
We seldom meet a trader who isn't passionate about generating supplemental income, or even better, someone who desires to quit their day job to become a full time trader.
But many find that can be easy to say but hard to do.
This article delves deep into the top reasons why traders fail and how you can overcome these challenges by focusing on your trading process of implementing trading rules, plans, and trading psychology rather than focusing on the outcomes of profits.
While the New York Stock Exchange (NYSE) was closed Monday in observance of Memorial Day the global after-hours electronic trading system (GLOBEX) opened as normal Sunday evening at 6pm eastern time. And given the US debt ceiling headline news over the long weekend the S&P 500 futures ticker /ES gapped up about 20 points on the open to keep the bulls firmly in control.
On the current ES weekly chart I've only marked it up with Support/Resistance and Trend. Also known as basic structure. In this view traders can see that price often ping pongs between historical levels before proceeding in its next direction.
If you'd like to enroll in the same exact Introduction to Price Action Trading using Support/Resistance and Trend course that I took earlier in my trading career we're offering it at an incredibly low price this week revealed at this link.
Tired of struggling with destructive trading habits that keep you from reaching your trading goals?
This program is for full or part time traders with ambitious income goals!
Introducing the Complete Trading Psychology System to End Destructive Habits and Reach Pro-Level Consistency... in just 8 Weeks!
Master Your Mindset and Take Control of Your Trading
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