First Step of a successful trader is to build a Trade plan & review what he has done. This is my Trade Journal . (education purpose for all ) This is an Education Video explaining The Type of Trading Day. There are 6 Types of Trading Day, In this video we will look deep into First type 1> The Trend Day Key features: Price moves in a clear and continuous...
In this video, I discuss The Anti a trade first mentioned by Linda Raschke in her 1996 book Street Smarts. Her version used a Stoch indicator but, I prefer a modified MACD indicator. To take this setup, you first need an indication of market reversal. In our case that will be climatic activity. So this trade has 4 parts: Climatic activity or other indication...
Many students are trading crypto, forex or stocks so this time we have something for you! We hope that you will find this publication interesting and beneficial! Enjoy! Although your time as a student is the best time of your life, it is way more expensive than it should be. You want to discover, learn, meet new people, try new food and go to new places. At...
Many traders have 2 or more trade set ups. It is important to know the following: 1)The risk of your trade must be in accordance with the winning percentage of the trade set up. 1)Your share size should increase or decrease in accordance with the winning percentage of the trade set up. * Share size increase must be in accordance to you account size (account...
Marking up OIL as to what trades were available. Its a good look at what we should have seen for opportunity. how the indicators and fibs measured. entries are 2 different strategies. Ignite and delorean shadow
The first Video on Education series - Engage - The Trade Setup The first candlestick pattern that I will discuss is the wick reversal setup, which is a pattern that can spotlight some of the best reversal opportunities in the market. studied from Book Secrets of a Pivot Boss: Revealing Proven Methods for Profiting in the Market www.amazon.in Happy...
This setup you can call it break and retest!!! Before going in to the trade wait for confirmation. Remenber that 80% of the time when price break structure then revisit it for a continuation. OANDA:XAUUSD
Taking a look at the price action on EURJPY currently, we have seen a potential selling opportunity setup. Why we like this setup is because it holds a few factors that all converge together. As traders the higher the amount of information we have to help make an informed decision the better. As you can see from the 15 Minute chart, we firstly have price move...
We recently posted about Gold and how to execute with better entries off of using price structure and patterns. The last comment we made is that we would be keeping a close look at Gold for any pullbacks that could show good price structure for potential buying signals inline with the current underlying bullish trend. We have zoomed into the 15 Minute chart to...
It has been said ever since people were allowed to trade to "trade with the trend" and "the trend is your friend". Although there is logic to this the market unfortunately doesn't always trend and in fact spends most of its time in ranges and channels. The market environment changes all the time and it's why so many traders struggle with their trading because...
A lot has been said in the past about trading with the trend and of course when the market is trending your probability should increase when doing so. The reality of course that the market spends most of its time in ranges and when this occurs finding trends can be tough. In saying that, trading ranges can sometimes be easier to navigate the price action as the...
Taking a look at the recent price action on USDJPY, we can see how the use of patterns and structure can be used to increase the probability for any potential trade setup. As you can see from the 15 Minute chart, USDJPY was on the rise until it ran out of steam and started to trade into an ascending channel. This ascending channel completed a bearish (selling) 3...
Taking a look at the price action on Gold, we saw a high probability trade setup for a potential buying opportunity. We saw many factors all lining up together which always helps increase the probability for you as a trader to get a good idea what direction price could go next. As you can see from the 30 Minute chart, we saw Gold in a descending channel until...
Sticking with the intraday price action on AUDJPY again, we have seen another trading opportunity set up at the 75.00 big figure level. AUDJPY in general, love the big figure levels, so when we see price reject at these round numbers we want to focus in on the price action on the lower time frames to see what other pieces of information can help us make a more...
With this formation, we would enter a long position at the retest of the neckline after it has been broken. Our Stop Loss is going to be below the right shoulder at calculate percentage or 1.8 times ATR. Our target is calculated by measuring the distance of the lower close of the head to the neckline. 80% of that distance between the head and the neckline is...