Investors should use basic Technical Analysis for powerful decision making. I see it as a challenge to demonstrate how useful knowledge of one simple pattern can be to identify price reversals. Recognizing this pattern and acting on it will save much money and headache! Both traders and investors need to be on guard for false breakout reversals. Seeing this...
Learn how to trade when the market is trending use Headphone
In this video I cover how you can trade using gaps on the DXY. Since you cannot trade the DXY directly, you can trade usd cross pairs. In specific, EURUSD. EURUSD and DXY have a high inverse correlation. Therefore when 1 is going up, the other is going down.. and vice versa. I hope you enjoy this video! Hit that thumbs up button!!
Flats are uncommonly traded correction patterns on the Elliott Waves Traders Communities. I go over The in and outs of the flat correction. Wave A is a correction, wave B is a correction, and wave C is a motive wave.
Hello, what's good guys this is a trade recap on the losses I took today on EURUSD, and I showed my reason for trade entry, and my entry model also on the 1 minute timeframe.
This video entails the two major ways to trade a trendline. The major ways are trend continuation and trend reversal. This video explained the basic approach to trading trendlines. There are more advanced approach you can use with trading trendline which confluence trading. Confluence means backing up your analysis with another technical analysis tool. Example;...
The most important signals are related to the divergence. A recap for divergence from previous lessons: DIVERGENCE AND HIDDEN DIVERGENCE Positive Divergence is bullish and occurs in a downtrend when the price action prints lower lows that are not confirmed by the oscillating indicator. Negative Divergence is bearish and occurs in an uptrend when the price...
Part 2 of the previous video! I will update the caption here shortly.
This is how you cna start using a basic set of criteria to backtest your strategy. All you need to do is keep it super simple. It doesn't have to be anything fancy. For this example, My criteria was to watch for 4H areas of interest. Target 1H/4H areas of liquidity. Enter on the 15 minute trend/ Break of structure 5 minute entry point. Keep it simple...
In this video, we talk about forex trading and how it works.
What's going on traders! Are you working full time? and trying to trade at the same time? Having difficulties trying to do both at the same time? In this video I break down what I did when I was working full time and still trying to trade around a busy life. There are 2 options - Trade very short term and get in and out of trades in a few hours OR swing trade....
Learn how to trade Stocks, Forex, Crypto Currencies just same as Hedgefunds or Money managers. You can get the Indicator shown from either my profit under Scripts or from my web button under this post.
Have you ever wondered, when is the best time to trade? It all depends on what market structure is present at the current moment. There are 3 different types of market structure: 1. Ranging 2. Trending 3. Indecisive During a ranging market, prices can turn rapidly so taking profits quickly is crucial. Not optimal market conditions but can be traded if you don't...
What's going on traders! This is a review of August 9 2021 Price action where I will be Backtesting NY Session. Backtesting will be crucial to your success as a trader, even if this is in hindsight. It will help ingrain these trading principles into your subconscious. When you can start taking trades subconsciously and not consciously, you will void yourself...
Long Wick (Shadow) Candle: Buyers or sellers tried to push the price further but failed The inside bar: After a long wick could mean price change Also engulfing is a reversal signal. Momentum candle: Multiple rejections: Good resistance and sign of price rejection and reversal Shrinking candles: Loss of momentum 3 consecutive candles in the same colour:...
Gartley patterns are harmonic chart patterns based on Fibonacci numbers. The first stop-loss point is often positioned at Point X and the take-profit is often set at point Fibonacci retracement numbers. I normally open 3 small positions or a big position and close partially at 0.618, 0.5 and 0.382 Fibonacci numbers.
Hi, I decided to share my profitable trading strategy which is really simple by the way. I use trend lines, supports and resistances. I don't use any other indicator. It is maybe not the best but for sure the best that fit my psychology and my lifestyle. Hope this helps !
A stochastic oscillator is a momentum indicator. Trading Strategy: ✔ Recognise the trend: 👉 In a trendy market only open position in the direction of trend. 👉In a range market you can use both buy and sell signals. ✔ Upper band and lower band indicating different things in different market conditions: 👉In a trendy market upper and lower bands show the momentum...