█ Understanding Daily Highs and Lows in Trading
When it comes to trading, understanding the dynamics of daily price movements is essential. Daily highs and lows, which represent the highest and lowest prices of an asset within a single trading day, are more than just numbers—they provide valuable insights into market behavior, volatility, and potential trading...
There are a lot of price action patterns:
wedges, channels, flags, cup & handle, etc.
If you're just starting out your Forex journey, it's natural to wonder which one to trade and focus on.
In this article, I will show you the best price action pattern for beginner s that you need to start forex trading. I will share a complete trading strategy with...
In this article, we will discuss a proven price action based way to identify the market trend .
❗️And let me note, before we start, that no matter what strategy do you use in your trading, you should always know where the market is going and what is the current trend . Your judgement should be based on strict and objective rules that proved its...
In the today's post, we will discuss accurate bullish price action patterns that you can apply for trading any financial instrument.
1️⃣Bullish Flag Pattern
Such a pattern appears in a bullish trend after a completion of the bullish impulse. The flag represents a falling parallel channel. The market corrects itself within.
Bullish breakout of the...
In this educational articles, I will teach you the best price action patterns for Trend-Following Trading.
📍Ascending & Descending Triangles
The ascending triangle will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bullish.
The pattern consist of 2 main elements:
a horizontal neckline based on the...
- Nava Imbalance Strategy -
Using Only Price Action, We can find the best entry to catch those HUGE returns!
This is how to detect early direction and perfect entries and exit points using Wycoff method. (on diagonal trend channels not support/resistance)
This Wycoff pattern will create imbalances on parallel trend channels.
IMBALANCE (price moves outside of...
Hey traders,
In this article, we will discuss a proven price action based way to identify the market trend.
❗️And let me note, before we start, that no matter what strategy do you use in your trading, you should always know where the market is going and what is the current trend. Your judgement should be based on strict and objective rules that proved its...
Learn my step-by-step guide for Head & Shoulders pattern trading.
This video includes important theory and real market examples.
❤️Please, support this video with like and comment!❤️
Your ultimate guide for double top pattern trading.
Entry selection / stop placement / target selection explained.
Meaning of the pattern and identification rules.
Important tips & real market exampe.
❤️Please, support this video with like and comment!❤️
Hey traders,
In this post, we will discuss 3 simple and profitable types of a triangle pattern.
1️⃣The first type of triangle is called a descending triangle.
It is a reversal price action pattern that quite accurately indicates the exhaustion of a bullish trend.
Setting a new higher high the market retraces and sets a higher low, then bulls start pushing...
Hey traders,
Inverted head and shoulders pattern is a classic reversal pattern.
It signifies the weakness of buyers in a bearish trend and a bullish accumulation.
⭐️The pattern has a very peculiar price action structure:
Trading in a bearish trend the price sets a lower low and retraces setting a lower high (left shoulder),
then the market goes lower setting...
Resistance level is at price 118.71. Bull candlestick closed above 118.71 price level. Resistance level is now support. Next, wait for a rejection candlestick or pin bar candlestick to retest support level at 118.71.
Enter a market execution order after the candlestick completely forms into a rejection candlestick or pin bar candlestick.
Hey Guys!
As traders, we always want the sense of being one step ahead of the market. In other words, what's happening with current price should not be of consequence to your trading. It's just another bit of information that's
added into your analysis of what will happen next. Now the polar opposite of this situation is chasing the market. Where a trader is...
Hey traders,
As you asked me, in this educational post we will discuss some price action basics.
No matter whether you are a fundamental trader or a technical trader you should be able to execute trend analysis.
You should always know where the market is going; if it is bullish or bearish.
One of the simplest ways to execute trend analysis is to perceive a...
Here's a tutorial on how to trade bullish channel using price action.
So when we see price ranging in a channel, we suppose to trade as per breakout or wait for retest entry. Here in BITCOIN when price broke down channel support we'll wait for retest and when we don't see retest and simply price reverse here we'll plan for bullish entry and call it as bullish...
Hey Guys!
As you guys know I aborted 2 short entries on the NZD/USD pair yesterday to minimize my losses.
In this lesson, I'll explain how I knew to abort the short entries early by reading 1 minute price action and thus minimize the loss.
Enjoy!
Have a great day!
Ken
After price closes above a resistance level, then resistance level becomes support. Next, watch for a price action signal in the form of a pin bar, rejection candlestick, or engulfing bar. Enter at the closing price of the candlestick.
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Hey Guys!
As you guys know the current NZD/USD daily bias is short. Or in other words, price is likely to reach 0.6591 before reaching 0.6731.
So on my last post, I mentioned I took a short entry at 0.6722 with a stop loss at 0.6591 with its main target at 0.6591 for the time being.
In this Price action lesson, I just wanted to briefly explain how I read price...
