RTC

RTC Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from RTC, Financial service, Eastrand, Johannesburg.

26/10/2022

Seek knowledge first because Without guidance, it could take twice as long, or more, to learn thebasics and become profitable. Though I did it without a mentor, and ended up forming my own concept. I'v collected knowledge first from Forex factory downloaded Journals, short videos and made my own notes

A mentor can save you time andmoney by limiting costly mistakes, and they can be a good resourcein addition to trading courses. The truth is that you shouldn’t expectto be successful without putting in the long hours and practicenecessary to be profitable, whether you choose to study with amentor or not

26/10/2022

Is RTC the best Concept?

RTC is the best for me because it fits mypersonality Strategic concept, and it’s the one that has proven to be consistentlyprofitable. But what’s right for me may not be a perfect fit for you.You can choose any trading style, if your profits and losses proveyou right.

No trading style is superior to another. If someone tries toconvince you that you should trade only one way, they’re trying tosell you something or they haven’t been around long enough. Trading is more than just a trading style, it’s mostly about you

26/10/2022

RTC Psychologically Thought

If you find yourself in a losing position you have two options, panic and do nothing and let the price run against you or follow your predetermined rules and most likely cut the position. Most inexperienced traders will go with the first option, while the professional traders instinctively choose the second option. Experience is what makes a profitable trader and it takes time to reach a professional level in trading.
You will make mistakes and learn from them, and if you dedicate yourself to the learning curve and are willing to put in the long ours required, you can become a professional, profitable trader. If you don’t have the time or ability to commit to becoming an experienced trader, you may find that being a hobby trader is best for you. In the end, what determines your success won’t be external circumstances or market environments. Your ability to become and remain profitable over the long-term will be based on your ability to understand yourself, your limitations and your strengths. Understanding yourself and knowing how to control your emotions will give you a substantial edge over other market participants.

26/10/2022

Reminder *The Doji Candlestick pattern
Doji is one of the most important Japanese candlestick patterns, when this candlestick forms, it tells us that the market opens and closes at the same price which means that there is equality and indecision between buyers and sellers, there is no one in control of the market.

Trading inside bar false breakouts with Fibonacci retracement I don’t really know if you are familiar with this technical trading tool, however, I will try to show you how to use it in a simple and efficient way in combination with the inside bar false breakout. What you have to know is that in an uptrend or a downtrend, the market creates impulsive moves and pullbacks.
The Fibonacci retracement helps us highlight the most important pullbacks levels in the market.
The best Fibonacci retracement levels that i personally use are the 50% and 61% levels, according to my experience these levels are the most important areas that experienced trader watch in their charts.
Our strategy is simple, we select the technical tool on our chart, and if the market moves strongly, we wait for retracements, if the pullback reaches 50% or 61 % levels, we need just a price action signal to confirm our entry.

26/10/2022

Tips on how to trade profitably 🏆💱🐐

1. Identify the market structure from a multidimensional perspective.
2. Identify the order flow of the external and the internal structure.
3. Then start analysing the internal market structure as follows.

a. Identify liquidity.

b. Identify high probability POI that lies above and below the liquidity.

c. Use Fibonacci to identify premium and discounted price levels. It's always advisable to place your trades at premium price level pullbacks as discounted price level pullbacks always acts as inducements.

d. To confirm the suitability of a premium price levels, check the previous high or low to ascertain the liquidity swipe to avoid becoming liquidity yourself.

e. After confirming the liquidity swipe, look for CHoCH by means of BOS .

f. Move to a lower timeframe chart to identify high probability POI and observe market reaction around it for confirmation. If the market reaction confirms your analysis at this point, then just enter into that trade.

16/10/2022

There are different types of traders who participate in the financial markets and it is very important to know and be able to identify who they are and, in the process, perhaps, learn from their failures and emulate their successes. Remember that Forex trading was never meant for the public and was designed solely for countries, banks and financial institutions to trade in. It only became public just over a decade ago with the help of the internet and that is when it was adapted to become accessible to everyone who has a decent internet connection, laptop and a small amount of funds.

There are two types of commercial traders and another two types of key players in Forex – they are named ‘key players’ because they determine the future of the market price and have the financial account to move the market to wherever they seek. Some call them the ‘market makers

16/10/2022

everyone is now going to digital, and the times
of hard work and labour are coming to an end. Artificial Intelligence

(AI) is taking over and for one to understand Forex trading they must first visualise its power; how it is currently the epitome of capitalism and thereafter, the only thing left to convey will be creating a bridge over the hurdle of understanding how to apply the learned knowledge and put it fully into practice. It is one thing to understand the jargon of how to trade and become knowledgeable about trading,
but it is quite another to be able to apply this understanding to trade and make profit. For those who don’t know, Forex is an acronym for Foreign Exchange and it is the bearer of globalisation. Without foreign exchange there would literally be no business. It is the biggest market

in the world and is said to have a daily trading volume of over $6.6 trillion. Now, your job is not to understand the technicalities or the complexities of the Forex market; it is just to comprehend the basic steps of its movement and learn how it can be used to your advantage as a trader to tap into an unlimited force of wealth. Online Forex trading is a decentralised marketplace where we buy and sell currencies to one another for profit, a zero-sum game,
when you click ‘buy’. It is so quick! So quick that when you click ‘buy’ there is someone else over the counter clicking ‘sell’; a buyer is always matched with a seller.

Forex trading has existed for as long as currency and globalisation have existed that is when countries started exchanging goods and services with each other. The only difference about foreign exchange now is that it has become much more liquidity became free and open to everyone anywhere regardless of their background. Anyone can go online, download a platform, register his or her account and trade using just their laptops. Today, you can even monitor and open trades using your cell phone and tablet. The financial/spot markets are open 24 hours a day from Monday to Friday and traders around the world can participate in the exchange after work, during dinner, when waking up – even at midnight you will see some fluctuations on the currency pairs.

16/10/2022

Single- and Multiple-Bar Price Analysis
Our next topic gets into the basic parts of every price chart — the price bars themselves. For this section on
single- and multiple-bar price analysis, we will focus on price bars that include the open for the period (whether
it be one minute, one hour, one day, one month or one year), the high of the period, the close and the low.
Charts that use this kind of bar to display prices are called open-high-low-close price charts. You may also see
the abbreviation, OHLC.
Some people prefer to use close-only price charts, which appear as a single line, but I started off using the
open-high-low-close price charts, and I still use them today, because I believe that they provide you with all
the information you need. (Candlestick price charts also provide a large amount of information, but we will
stick with just one kind of price chart for this course
It is also important to examine the range of a bar, because if markets close in the lower 20% or 10% of a price
bar, that means that the bears or the sellers have good control of that market. Odds are that this market will
drop lower the next trading session. Conversely, if the markets close in the upper 20 percent, then the buyers,
or the bulls, have good control of the market. Odds are that this market will push higher the following day.
There’s no crystal ball in this kind of work. There is skill involved, but mostly it has to do with simply evalu-
ating odds and evaluating probabilities. For instance, looking at the price bar on the left, my bet is that there
will be a new high above the close. So, I just made a forecast: I’m looking for higher prices. And what did I
use? I used a single price bar.
That’s how important this work can be. If you learn how to read a price chart, you can actually create a fore-
cast by looking at the facts. This kind of forecast isn’t simply based on a good idea or a hunch. It isn’t merely
a hypothesis.

16/10/2022

Summary
All these areas we are learning about previous highs and lows, areas of consolidation, price gaps, swings,
key and critical levels are what to look for in your price charts. You don’t have to be a master technician,
and you certainly don’t need years of experience to read price charts.
By learning to read a price chart, you are basically going back in time and learning a skill that was lost. Originally,
people learned to read ticker tapes, then how to read price charts and, after that, came computerized technical
analysis with moving averages and all the bells and whistles like relative strength indexes (RSIs). But pure
chart-reading is almost a lost art. The next step that you will learn single- and multiple-bar analysis will refine this technique and make it more surgical by actually interpreting how individual price bars form.
Basically, your focus is on price action and listening to the story that price action tells us. The key is to know
what to listen for. There’s a lot of information contained in a price chart, even though some people might say,
“Hey, I can’t make heads or tail of this chart. I need to see the weekly, the daily, the monthly to put it in con-
text.” Or “I need to put an indicator on the price chart to really get an idea of what’s going on.”
With these skills, you won’t need any fancy techniques, not even trendlines, which are my favorite technique.
All you need to know is where to look. What’s the trend? Is the trend up? Is the trend down? If the trend is
up, where are some likely areas of support and resistance? If the trend is down, where are some likely areas
of support and resistance? If prices are moving sideways in a neutral trend, remind yourself to do nothing. All
you need to know is how to read the price charts.

16/10/2022

Price Gaps Lend Royal Trojanhorse concept
Price gaps deserve a section of their own, as they supply strong support and resistance on price charts. First
we need to define price gaps. A price gap occurs when the current session’s trading range does not include the
prior session’s trading range. The result is usually a small horizontal space between the two price bars.
[Editor’s note: Lihle Ndaba (RTC Founder) explains price gaps in much more detail in his RTC webinar

"There are different kinds of price gaps.
A hard gap occurs when there’s an actual
visual horizontal space between the low
of one bar and the high of the previous
bar. The close of the bar preceding the
gap is important, because it now be-
comes a psychological marker for that
specific financial instrument.
A soft gap occurs when the low of the
current bar is above the close of the prior
bar. It doesn’t have the horizontal space
between the low of the current bar and
the high of the previous bar. They may
be harder to see than hard gaps, but they
occur more often, so it’s important to be
aware of them."

Those three items then — previous highs and lows, areas of congestion, and soft and hard gaps — are the primary
items to look for when identifying support and resistance for a market. It’s important to understand support
and resistance when reading a chart, because they provide reaction points on a price chart. For example, if a
market is trending to the upside and decides to pause, its next move will most likely be a countertrend move.
Odds are that the countertrend move will terminate at a prior support level. Once the trend continues higher,
and it gets tired and is looking to top, odds are that it will top at a prior resistance level. Support can become
resistance, which can then become support again in a rhythm of its own making.

"an example from the same Apple
chart. You can immediately see the hori-
zontal space on the left side of the chart,
which is your classic hard price gap. You
can also see periods of congestion, which
are circled.
Once a market tops, it is fairly common
for prices to come back into the same
area as a hard gap, which I have marked
with the longest horizontal blue bar that
starts at the hard gap.
Trend analysis tells us that the key and
critical levels, which are the previous
swing and the one prior to that, are also
important. Those two swings are marked
with horizontal blue lines at the top of
the chart"

16/10/2022

Support and Resistance Analysis
Being able to spot RTC trend is the first step in reading a price chart. The next step is to look for previous highs
and lows that provide areas of support and resistance as the minutes, hours, days, months and years go by. Let’s
look at a few charts to see some basic examples of support and resistance analysis.

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