Everything Finance ππ
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A podcast series that will bring you the latest and most valuable information related to all things finance. Your Host: Kenneth Buchi To Follow Us on all socials and Listen to every single episode, Click Here: beacons.ai/everythingfinance
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For those that don't know how to use the tradingview platform properly, try watching this video on how to use it and it'll also help you interpret the charts I send whenever I set these long or short order tools.
https://drive.google.com/file/d/1SmypVryYOxLxK-rwku-QE0nDpeplgewo/view?usp=drivesdk
Whenever I set those tools, I'm simply letting you know that I've set a buy limit or sell limit at this AOV
Other times when I don't set these tools, it simply means that I'm trying to tell you to do the remaining 30% of the T.A yourself by scaling down to lower TFs to get your entry triggers and confirmations, refining your entries, managing your risk, knowing where to set your TP levels and knowing when to actually japa with the little you've just tiffed
How is that a signal? Its simple
Its a signal because with the *long order tool* on tradingview, I showed you where my entry and possible exit point was (32.682 and 39.237 respectively) with my Stop loss being 31.515 (a RRR of 4.7 sha)
All price readings are on the right hand side of the chart.
P.S: I'm making reference to the first long order tool which later became the only position I got to get into because price obeyed that level instead.
This was a setup on SOLUSDT that I sent to the channel with no caption at all
At times, I give signals too.
Infact I've given signals on that channel more than 10 times (although I won't ever label it: *signal* cause obviously I no want wahala) but only few could interpret what I gave out.
Now, you may be asking yourself: "When and how?"
Let me send an exampleππΎ
What makes what I do different from what signal providers do is simple
"They give you entry and exit points but I don't"
They do 100% of the Analysis and give you everything on a platter of Gold (after you've subscribed of course)
That's why i respect profitable signal providers alot. If you belong to such profitable groups, hold them tight o. No allow them escape abeg
Now, what has all these story got to do with how to interpret the setups I send. Well, I'll tell you.
What I do basically on the channel is 70% of the T.A of that asset for everyone (from my own point of view, hence the word: *bias*)
Most times, I tell everyone what the overall market trend was on the higher TF (M appraoch) and I mark out the Area that picked my interest (A approach) but I rarely do the last part (E approach)
Trading is way more than just buying at demand and selling at supply. Most times, these area of values are wide asf. You can't just place a buy order once price approaches a demand zone. Price can break out at anytime therefore what you need are *further* confirmations to aid you know the right time to jump in on that trade.
Entering a trade at the wrong time has a lot of disadvantages ranging from wider SLs which would make you exposed to more risk to having bad RRRs.
Basically, it's not good
βΆοΈThe E approach and it's topics simply helps you know *WHEN YOU SHOULD TAKE YOUR TRADES*
It's one thing to know the overall market trend from a higher timeframe and mark out your POIs as you scale down the timeframes, but it's another thing to know the exact time you should jump in on that trade to make or lose your money.
It's without doubt that with a better understanding of the E approach, you'll surely be able to manage your risks properly as you'll have well set stop losses and a bigger Risk to Reward ratio which is one of the goals as a trader (managing your risks)
βΆοΈThe A approach and it's topics simply helps you know *WHERE YOU SHOULD TAKE YOUR TRADES*
It's one thing to know the overall market trend, its another thing entirely to now know the areas you should be taking your trades. You can't just come into the market and place a buy or sell order immediately.
You need to be *interested* in a specific area where the market is headed and then capitalise on that area on a lower timeframe. Hence, your *area of value* or your *points of interest*
βΆοΈThe M approach and it's topics simply let's you know *HOW THE CURRENT MARKET TREND IS FROM A HIGHER TIMEFRAME AND KNOWING HOW TO SCALE DOWN TO THE LOWER TIMEFRAMES TO SEEK YOUR POIs AND ENTRY TRIGGERS*
Now when applying this approach, you need to understand that it depends on the type of trader that you are
Personally, I "day trade" alot so I'll say I'm a day trader most of the time
I mostly make use of the D1, H4 and H1 TFs
Infact, even if you learn all the topics under T.A and you don't align and follow these 3 approaches, you are likely not to find your find your trading edge when it comes to Analysis.
One might have found his or her trading edge before he or she learnt these approaches officially, but if that person should reflect on how he has been doing his T.A so far, he'll realise that he has been following those approaches even without knowing.
Let's get to what these approaches help you do, shall we?
It's one thing to learn T.A, it's an entirely different thing to know how to approach the market with T.A.
From my research and findings, this is the proper way to approach the markets with T.A
The M.A.E approach
βΆοΈM stands for Market Structure
βΆοΈArea of Value/Point of Interest
βΆοΈE stands for Entry Trigger/Confirmations
Now when it comes to Technical Analysis (T.A), it basically can conquer any financial market.
As long as that market's price can be represented on a chart with any kind of chart representation whatsoever, it can be broken down and analysed either with Price Action or by Technical Indicators
I'm not a fan of indicators though.
First thing you need to know about what I do is that, when I analyse (especially Forex), I analyse technically but I don't neglect the fundamentals.
Fundamentals are catalysts and they can mess up even the clearest and most obvious analysis of an asset
So at times, you'll see me say things about fundamentals that helped back up what I saw on the charts
Incomingπ
For those who don't know me, I'm Kenneth OnyeBuchi a.k.a Trader Kenneth
I'm a Trader of the financial markets, a tutor, a mentor to some, a technical analyst and sadly, a studentπ₯²
As promised, I'm simply here to explain how you can interpret any analysis posted on this telegram channel.
Let's get to it
Due to popular demands, I'll be reposting a recap of the session that was held on my WhatsApp Status on Wednesday night.
I'll send the messages here later today
Afterwards, Analysis Saturday Specials dropπ₯π
