Hello traders! Today we will talk about EURNZD which has pretty clear pattern. When using the EW, everyone can count up to five, but only few analysts have the right approach and this experience can only be gained through multi-year practice. Well, looking at EURNZD, we can clearly see a big impulsive five-wave drop away from 1.7930 highs into a wave A, which...
as you see the EURUSD pair is facing a potential reversal zone due to butterfly pattern , But I don't suggest to buy it because it gives us a small target until it face the upper side of the triangle.
Elliot Wave Alternation The guideline of alternation states that if wave two of an impulse is a sharp retracement, expect wave four to be a sideways correction, and vice versa. Figure 22 shows the most characteristic breakdowns of impulse waves, both up and down. Sharp corrections never include a new price extreme, i.e., one that lies beyond the orthodox end of...
SELF-DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Assess your Trading Journey!! Whether you are new to trading, or you are a veteran everyone needs to constantly improve and developing themselves and their trading. Would you expect to become a brain surgeon after attending a weekend seminar and reading a few books? So why do so many people expect to become market...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Majors, Minors & Exotic Currency Pairs | BEN WRIGHT Currency Pairs a) Popularity A currency pair is the structure of the currencies, which are traded in the forex market. According to the latest report of United Nations, there are 180 currencies around the world and the illustrated currencies are the top 8 traded...
As many of You are familiar with the Cypher Pattern.In this Scanerio We have Cypher Last Leg in formation which will complete the Pattern and from where we can place our Long position Typical Cypher has these Fib Levels 1- Cypher pattern starts with the X and A points 2- Point B retraces to 0.382 – 0.618 Fibonacci level of the leg XA 3- Point C is formed when...
In this video I discuss, using a recent live trade, how dynamically managing trades is superior to the "set it and forget it" approach to stop loss and profit taking levels.
HI Guys I share today simple ABC setup By Elliot wave and showed you live Example Hope you'll like it and please don't forget to click like button Trade with Care :)
The line graph is EUR/USD & Candles USD/CHF This is a common pair that traders say is inversely correlated... Is there correlation between economies? Is it because of USD's part? Will correlation make you the good R/R trades or structure? Is there a way to trade the correlation (if any) effectively? Draw your own conclusions & have a good weekend!
There are so many reasons why 90% of retail traders fail. One of the main reasons is because retail traders over trade. They fear missing an opportunity and because of this they think there is always an opportunity when in reality there isn't. As traders, it is our job to find high probable setups. Probable setups are limited though... so you need to have...
I hope it helps those like me who have trouble finding the balance in analyzing these ratios. This ratios are mostly suggested from tradeempowered professionals. (at least supposed)