hi there traders all around the world👋 one of the great setups that we can count on it is breaking the trend line and it simple. when a trend line breaks spatially if that trend was a pullback in previous(we had a good bear trend line here) we must wait for price to reach and touch the trend line then we can enter. tip: if price touches 2or 3 times its much...
Hey All, This is a follow up post from the 20 pip scalping strategy we posted (SEE RELATED POST BELOW). This chart shows you live examples of the entries and exits today. Remember when scalping with this strategy SL to be set for exit when EMA5 reverses and crosses back the opposite way. Tight stops and a numbers game, so please back test aswell. I have back...
Hey Everyone, We have been getting a lot of messages to highlight how we draw and identify Goldturns and draw Goldturn trendlines. So this post will help you all understand how we draw this and help you understand the flow of some of our analysis. Goldturns are Support and Resistance drawn using EMA5, it helps us identify Strong levels of support and resistance...
This is a follow up post from the previous post (SEE RELATED IDEAS POST BELOW) on zooming out to identify historical ranges and moving across the levels to the current range. This post now zooms into the current range, with the historical range highlighted. We then draw our Goldturn support and resistance levels and are now able to use EMA5 indicator to trade...
We always advise, as the basis of all technical analysis, is to zoom out and view the overall range and find price ranges similar to the current price range. This allows us with a greater chance to map out a potential blue print for the current range by following how price reacted historically in the same range. This allows you to see how the historical range is...
Tools(Indicators) used: Supertrend Indicator from KivancOzbilgic no changes. EMA used twice. Set Length on first EMA at 20 change color to Blue (any you want but I will explain using the settings used). Set Length on second EMA at 50 change color to Yellow CHART 5 MINS and UP but under 1H. Preferred instrument is FXOPEN:XAUUSD Strategy:- We enter a trade...
📊 When Is The Best Time To Buy & Sell? 📊 ━━━━━━━━━━━━━ The two most important decisions an investor will make are when to buy and when to sell. The best time to buy is when others are pessimistic. The best time to sell is when others are actively optimistic. When buying, remember that the prospect of a high return is greater if you buy after its price has fallen...
Save this! Before placing an order it is advisable to wait for confirmation. In the chart above we have an example of a sell that can be made on 1HR / 30m / 15m. We are waiting for the price to form a resistance. See if there is enough range 15-20 pips . Place the order and as a target most recent support.
50sma determine trading bias. Price below 50sma bearish bias. Price above 50sma bullish bias. Short Entry Candle Close 1 - Red Colored Candle 2 - Price below 50sma 3 - B3 Subchart Red Long Entry Candle Close 1 - Green Colored Candle 2 - Price above 50sma 3 - B3 Subchart Green Stop Loss on the opposite side of 50 sma Take Profit you determine
The DXY should come down to fill the gap over the weekend, and down to my zone.
After EURUSD retests to the 1.23800 resistance level, it will bounce back off due to insufficient buying momentum. This is a clear trading opportunity: simply enter the trade selling EURUSD when it has reached the resistance level, put your stop loss above the 1.23800 resistance level and take profit a bit above the 1.12500 support level to be safe.
Wyckoff Distribution playing out perfectly in USDCAD.
Tom Demark Sequential - T.D. Sequential For the sake of not overloading you, I will cover the basics of the T.D. setup and a more advanced understanding of the T.D. countdown at a later time. This is very basic level understanding of the Tom Demark Sequential, once I have the second portion finished in a few days I will do another to cover trading strategies...