Pine Script Ai by PineWizards

pinewizards ai tool

PineWizards AI is a powerful tool that’s designed to help you easily create strategies and indicators for trading using the Pine Script language on TradingView. It’s like having a smart assistant that understands trading and coding, making it super simple for you to bring your trading ideas to life without needing to be a coding … Read more

Fair Value Gaps Basics

fair value gaps

Fair Value Gaps (FVGs) in trading occur when there’s a significant difference between the current price of a currency or financial asset and its fair value. These gaps are typically represented on charts by large candlesticks, indicating a substantial move in price over a short period. The concept hinges on the market’s efficiency or inefficiency … Read more

Change of Character Pattern Basics

choch forex

The Change of Character (ChoCh) pattern in forex trading is a way to spot a shift in the market’s trend. It happens when there’s a break in the market’s usual pattern. For example, in an uptrend, if prices usually make higher highs and suddenly start making lower highs, it’s a sign of ChoCh. This indicates … Read more

Break of structure in Forex Basics

break of structure forex

Break of Structure (BOS) is an important concept in Forex trading that points to a major change in how currency prices are moving. Imagine it like a train changing its tracks. How to Spot a Break of Structure? These simple ways to identify a BOS help traders figure out where the market might be headed … Read more

Institutional Order Flow and Its Analysis

Introduction Welcome to our second lesson in the November series, marking the third month of our insightful ICT mentorship program. Today, we delve into the intriguing world of institutional order flow, focusing on how to identify and understand it with ease. In this lesson, we build upon the foundations laid in our previous session. We’ll … Read more

Institutional Sponsorship in Trading

Introduction Welcome to Lesson Three of our mentorship program. In this session, we’re going to delve into a crucial aspect of trading: understanding and identifying institutional sponsorship in trading setups. This knowledge is key to recognizing the bigger market forces at play and aligning our trading strategies accordingly. We’ll explore how institutional movements shape the … Read more

Institutional Market Structure and SMT Divergence in Forex Trading

SMT Divergences

In this session, we delve into the intricate concepts of inside price action and institutional market structure, crucial elements for understanding the dynamics of the Forex market. The focus here is on the significance of analyzing assets that are correlated and inversely correlated, offering a deeper insight into the movements and strategies of major market … Read more

Market Maker Traps and False Breakouts in Forex Trading

Introduction to Market Maker Traps Welcome to our final lesson this month in the ICT mentorship, where we’re tackling a key topic for traders: market maker traps. Today, we’re zeroing in on false breakouts, especially in markets that are trending downwards. In trading, understanding market maker traps can be a game-changer. These traps can trick … Read more

Identify the Market Maker Trap of False Flags

false flags in trading

Introduction Hey traders, let’s dive into a topic that’s crucial for your trading toolkit – market maker traps, with a special focus on what we call ‘false flags’. If you’ve been trading for a while, you’ve probably heard about bull and bear flags. They’re those classic chart patterns that many of us learn when we … Read more

How to mitigating losing trades effectively?

mitigating loss in trades

Introduction In the world of trading, handling losses effectively is just as important as securing wins. In the fifth teaching of the second month of the ICT Mentorship, we delve into this crucial aspect of trading – how to mitigate losing trades effectively. This session is a vital part of the mentorship, as it addresses … Read more

ICT Mentorship Notes 1

Elements To A Trade Setup Context or Framework surrounding the idea. Reference Points In Institutional Order Flow True Day – Daily Trading Range The IPDA, a system used to provide price information to banks and financial institutions globally, sets the daily trading period from midnight to 3:00 pm in New York. Any time outside this … Read more