This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is...
This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful...
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Price reversed nicely from the 96.84 level we forecasted and dropped all the way down to the support target. How did we manage to forecast this setup? Join Desmond as he breaks down the move. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be...
Price bounced perfectly from our confluence support level and reached our target. But how did it happen? Join Desmond as he reviews how we managed to forecast the reversal with such a high degree of accuracy. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party...
I have messed up entering on this pair. Mainly sharing to learn from it and hopefully put some value out there for some of you guys :) Enjoy!
High-Beta – AUD, CAD and NZD benefited from rising commodity prices on Tuesday, as markets set aside concerns about the spread of the Delta coronavirus variant. The notable outperformer in the commodities complex was oil prices, with WTI approaching $68 per barrel, up almost $2.50/+3% on the day. Indeed, following today’s strong performance in WTI, TD Securities...
Good morning, Traders! Today we will make an educational post about the most used corrective patterns. There are numerous patterns, even more complex, such as Elliott counts where each internal wave of corrections is explored, but the reality is that it is not 100% necessary to apply it in the market. The idea of this information is to provide a simplified,...
Today we will talk about a very common situation that occurs in the vast majority of traders (if not all), especially when we have just started to get into this bussiness. There is a consistent struggle between convictions, ego, and market views or analysis. This generates that we try to see in our analysis what we want to happen, or what we need to happen, and...
📚 LEARN MORE 💰 EARN MORE With ForecastCity FLAG pattern Definition: A FLAG pattern is a continuation chart pattern, named due to its similarity to a flag on a flagpole. A flag is a relatively rapid chart formation that appears as a small channel after a steep trend, which develops in the opposite direction. After an uptrend, it has a downward slope. After...
Caught a nice long trade today on AUD/JPY. Price recently reverted to an area of the previous resistance around the 76.60 level. Price showed confirmation of rejection at this level following closed bullish 4H candles. The MACD and RVGI also showed signs of a trend reversal by displaying signal crossovers. The RSI was also oversold. Therefore, a long trade was...
I caught a nice trade here yesterday on AUD/NZD. Price had recently broken through resistance, and we saw a strong bullish break out move. As the bullish momentum slowed down, we saw bears come back into power and drove the price back down to resistance. At this pint, we need to look for 2 actions: - Either price will break through the resistance level and...
Earlier this year I had change SGD to AUD as I've planned to travel to Australia, due to Covid19 the plan is cancelled and this is the period I was waiting for a better time to change my SGD back to AUD as there will be no plans of travelling to Australia, at least for now. I've made some money from the exchange. Having the trading knowledge do helps you to save and earn.
RSI DIFERGANCE THE TOP OF UPTREND CHANEL A STRONG DEMAND/SUPPLY AREA