I hope you enjoy this video. RSI can help with spotting fakeouts as well. ENJOY!
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...
You have to set support and resistance lines. those are easy to see levels of indecision. Then find the average price, this is used to signal the end of the channel when the price action finds it as resistance . If the price goes above the average price it will most likely going up and below, going down. set you buy limit slightly above the top of the channel...
Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis for Forex and Crypto-Currency Markets every day! - 1 HOUR Sideways waving market looking for a takeout direction. 4 HOUR Heading down, I see a break below previous week lows. DAILY Bullish market found its top and resistance now, we need a pullback to takeout long...
DACAPITALTRADING V2.0: Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis for Forex and Crypto-Currency Markets every day! - 1 HOUR Very bearish price action on friday with a strong negative closure for last week. 4 HOUR Pullback after forming a med-timeframe Double top with a strong reaction. DAILY Bearish waving...
Let's go BULL. Where are you? Falling wedge with a fakeout? BULL TRAP IS COMING!
Here's something lots of traders gets stopped when trading breakouts. FAKE OUTS. A fake out is when the price exits a range or consolidation in a strong sudden move, most retail traders believe it to be a breakout and add a position. Price then reverse and hit your stop loss. This is an example of how you can take advantage of such situation. When the price is...
-is to find out if the momentum is getting stronger or weaker, if the chart make a higher high and the indicator made lower high so it refer to; the momentum is decreasing, in order to spot the (breakout from fakeout) -in this example we have a rectangle consolidation, you can see the first breakout was a fake out, here we'll use divergence to spot this fake out...