In this video I go through how to effectively do a top-down analysis, and avoid common mistakes. This can apply to any type of trading methodology, but here the focus will be on ICT’s liquidity and inefficiency concepts. This topic is important to traders who are keen on improving their win-rate and catching those higher RR trades. Whilst those things don’t...
Price reversed beautifully from the sell entry level we forecasted at 0.8988 and has reached the take profit target of 0.8908. The important lesson here is to place your take profit before a key level (vs right at the key level). As you can see in this video, price touched the TP level and took off in the other direction - just missing this crucial bit of...
The MACD (moving average convergence divergence) is one of my favourite trading tools or indicators, and might actually be the most powerful of them all. I first started using the MACD in 2015 and have been studying it since, it takes a long time to learn and understand all the parts of it. I wonder if I have learned all the hidden secrets by now, or will there be...
In the market we often see inconsistent trends that occur between different cycles. For example, at this time today we may think one asset is strong such as the US dollar, but instead today it may occur that in reality the US dollar is weak today, only to see that the following day the US dollar is once again stronger, or next week after a week of bearishness. One...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
• Triangle pattern explained + measurement method • On the weekly chart, while ago, a triangle formation can be seen • Breakout can be either way • In the above case, the breakout was to the upside, supported by strong fundamentals in favor of the dollar • Traders should wait for a successful breakout before placing any trade • Breakout was confirmed by several...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. Today we are going to go over a practical example on USDCHF, but you can apply the same logic / strategy on any instrument. Feel free to ask questions or request any instrument for the next episode. Always follow your trading plan regarding entry, risk management, and trade...
Symmetrical Triangle: A symmetrical triangle is composed of a diagonal falling upper trendline and a diagonally rising lower trendline. As the price moves toward the apex, it will inevitably breach the upper trendline for a breakout and uptrend on rising prices or breach the lower trendline forming a breakdown and downtrend with falling prices. We can use this...
I'm publishing USDCHF trading idea of August month in which I try to figure out the things that how you should follow the things before taking each trade. 1) Before taking trade you should have to figure out number of confluence in your favor. 2) Before taking trade you should have minimum 3 confluence in your favor. 3) More confluence add the high edge of...
Greetings, traders! Welcome to this short, 7-step strategy lesson. Are you new to trading? Don't worry: we're dedicated toward providing the most high-quality, easy-to-understand, and straight-to-the-point investing education to the TradingView community. This strategy lesson is beginner-friendly (we have pictures!), as we've inserted helpful links into...
... and try to find multiple-100s of pips, even in over-manipulated junk such as the USDCHF. Let's see if it's possible... The title chart is the USDCHF Monthly, as it stands at the end of this quarter - 03/2021. What is the story here?... It appears that this pair is rather predictable and has been obeying all the major support/resistance levels (PRZs), going...
this was a trade on usdchf we entered off the back of an inside day pattern, many retail traders will short or go long on the break of the high or low of an inside day however we know from back testing that the probability of an inside day failing is very high so we like to try go against the grain with these and make anyone that is selling get stopped out, this...
🔵 As a forex trader, some of us stick to a pair or two, some of us trade several, and some just scan all of them for the exact setup that they trade in their strategy. Regardless, it’s a forex trader’s duty to have an awareness of how each currency is performing. If GBPJPY is going to rise, it will most likely be due to a combination of the pound gaining strength...
Good Morning Traders. Here is an educational piece on two key things. Before trading a currency pair, we want to head to at least the daily chart to identify the long term trend on the pair before we scale down to our lower time frames. To identify a trend is simple. For an uptrend, look for higher highs and higher lows. Here is a clear long term downtrend on...
In this very busy chart, I compare 6 forex pairs. It needs some study. What seems clear to me is that the USD strength has been heading south manly since March 2020. This is not unexpected of course, following the FED's money-printing spree, now called QE infinity. I'm not here to say whether that's a good thing or a bad thing. The overall effect of a weak USD...
Educational! Sell Entry Point 1: 0.93804 Entry Point 2: 0.93856 Entry Point 3: 0.93908 Take Profit: 0.92675 Stoploss: 0.93948
Like the last QTR of 2017 Btcoin to be pumped by NI225 MTH ATH's, SPX, TNX, & WTI NOT ADVICE DYOR
KEY TAKEAWAYS An ascending channel is used in technical analysis to show an uptrend in a security’s price. It is formed from two positive sloping trend lines drawn above and below a price series depicting resistance and support levels, respectively. Channels are used commonly in technical analysis to confirm trends and identify breakouts and reversals....