Hello traders, after Easter, we share another educational video. Today´s topic is focused on drawing support and resistance levels. Many traders draw LINES and they think the market will bounce exactly from that level. The truth is, you can never do that . Instead, it´s better to understand the S/R level as a zone WHERE you can EXPECT some activity. Nobody...
Simple strategy using 2 Simple Moving Averages channels, Momentum and ADX with Directional Movement First Channel: 70, High 70, Low 70, Close Second Channel: 144, High 144, Low 144, Close Momentum: 34 ADX: 14, 20 To use this strategy please refer to link related to previous post. The SMA 144 channel is used to determine the strength of a trend. Kind of like...
This guys you have to understand... For complete understanding you need to do a careful study of "New Science of Technical Analysis" of Thomas DeMark. Anyone who does not know trendline basics of New Science and is not applying those is a shaman who is teaching you big BS.
This is Friday's documented trade in GBPNZD. Great Type 1 Breakout with all 4 horseman aligned. Nice easy set-up, execution and Great result.
The picture of the 2019-nCOV is rapidly evolving. Globally there have been >14,000 cases and >305 deaths. The trajectory of spread of this virus has exceeded SARS (2003). In under 20 days there are 14,544 cases. There were less than 20 cases in the same period for SARS. SARS plateaued off at 8,500 cases after 100 days then fell off. What we're seeing in hard...
NYSE:BURL It is never a question of being right or wrong, but rather of being too early and being thrown out of the market before the asset's actual direction. What we need is an event that allows us to systematically decide to enter Long or Short, in our case the patterns of technical analysis. We are trend-followers and we gain from price movement, so we could...
A lot of people asked me what to do in the case when the price is stuck in consolidation. You can use Fibonacci retracement and create a range (0, 0.25, 0.5, 0.75, 1) and put it from swing low up to swing high. By that, you will create key points where the price will react on during consolidation time. You can use it on all Timeframes and it does not matter if...
Quick Video explanation of our B.I.T.S (Breakout Intelligent Trading Signals) Indicator for daytrading stocks. Example used was AAPL on the 15 minute timeframe from 25 November 2019.
Hello TW community, This is my take on SEELEBTC. A short squeeze pattern with accelerating trend, and a hint on where to take profits. Hope you enjoy and get something out of it. My ideas are for entertainment purpose only and should not be taken as financial advice. Best of luck,
Trading breakouts is not only fun and exiting(whether or not it goes your way) but its a great test to keep yourself engaged and focused on the market, as well as the task at hand which is seeking out retests and confirmations for your next breakout play. In this example we can see this pair with gained strength, since picking up momentum from its move up from the...
Broadening Ascending wedge in Bull market situation. If price does not reach the trendline and after rotation to short it will create partial rise, trade/buy on the breakout of previous high.
Quick video recap of mega long breakout trade on FOXA using our B.I.T.S Breakout Intelligent Breakout Signals Indicator for TradingView. Original trade idea here on Tradingview can be viewed >>HERE<< Our B.I.T.S indicator is perfect for instruments that have volume and price action, so Stocks, Futures, Commodities and cryptocurrency
Question during my cooking show live stream was how do i determine a trap or a fake out? First of all i think everyone that trades a different methodology determines a fake out in their own way depending on their methodology the retail traders trades. Using the Supply demand methodology i explain how i determine traps. When i pull up a chart and i see an area...
Even if you dont get the first breakout in a cryptocurrency move, our B.I.T.S indicator suite for TradingView. A quick video discussing how our breakout indicator spotted and signalled a $360 move on Bitcoin on the 5 minute timeframe. Learn more about our B.I.T.S indicator for TradingView HERE
347 - 365 are key levels for breakout. Till then range can be traded.
Hello fellas, Happy monday and have a good weeks ahead. a new week, new passion and I hope a new extra profit for us! let's talk about the key levels for bitcoin which will cover the support , resistance and the correlation with the fibonacci levels. As you can see, that the weekly candle is about to close in less than 2 hours when I made this post and the newest...