2 min read
Fibonacci Levels, Supply & Demand, Trading Losses
Welcome to your (new) weekly dose of trading insights! Every Monday, we’ll bring you the latest content from Tradeciety and Edgewonk, including tips,...
Welcome to your (new) weekly dose of trading insights! Every Monday, we’ll bring you the latest content from Tradeciety and Edgewonk, including tips, guides, videos, and podcasts to level up your trading game. Here's what we shared last week:
We kicked off the week with a deep dive into Fibonacci levels. These tools are game-changers for pullback and trend-following strategies.
Especially Fibonacci extension levels are very helpful when it comes to identifying better take profit targets for trend continuation trades, and can so help traders stay in their winning trades longer.
If you want to learn more about the Fibonacci tool, you can also read our Fibonacci trading guide which we posted a while ago: How to use the Fibonacci tool
We had the pleasure of hosting Mandi, a professional trading performance and mindset coach, in an insightful conversation.
We explored how unresolved trauma can affect trading, the best ways to handle drawdowns, and practical strategies to improve your trading psychology. This session is packed with actionable tips for managing the mental side of trading.
In our weekly trading newsletter (sign up here), I wrote a step-by-step trading guide on how to find, draw, and trade using Supply & Demand zones.
Supply & Demand (SD) zones are extremely powerful and can be used on all markets and timeframes. SD zones are also a great alternative to traditional support and resistance levels, allowing traders to identify important price levels on their charts. The good news is that finding SD zones is actually quite simple.
Read the guide: How to find, draw, and trade Supply & Demand zones
And while we are at this topic, I want to share a SD video with you as well. This video is among the most popular YouTube videos on our channel. I put together a whole SD crash course for traders. So if you are interested in SD trading, this is a must-watch.
In the latest episode of our new "Inside the Edge" podcast, Moritz dives into how to discover your life’s purpose and align it with your passions.
From self-reflection to actionable strategies, learn how to adapt your goals and make trading a meaningful part of your journey toward fulfillment and self-actualization.
Listen to the podcast: How to find your purpose and make trading fit in
As many of you will know, we also developed the Edgewonk trading journal.
Every so often, I dive into the journals of our customers to help them make sense of their data and identify areas for growth. Last week’s review was particularly fascinating because the findings were so universal—many traders will relate to the patterns and challenges we uncovered.
That’s it for this week! Stay tuned for more trading insights next Monday, and don’t forget to check out the links above to catch up on anything you missed. Wishing you a successful trading week ahead!
2 min read
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