Recently, there has been a lot of discussion related to my SPY Cycle Patterns and how they work.
In short, without disclosing proprietary code/quants, I built an inference engine based on Fibonacci, GANN, and Tesla theories.
Part of this inference engine is to identify the highest probable outcome related to the patterns.
This is not rocket-science. This is the...
price action of Gold Spot (XAU/USD) in relation to the trendlines and patterns indicated.
Chart Analysis
1. Weekly Flag Trendline:
- The first chart shows a trendline forming a "flag" pattern on a higher time frame (possibly weekly or daily). This flag appears to be a bullish continuation pattern, indicating that after the consolidation within the flag, the...
The "Head-and-Shoulders" (H&S) pattern is considered a powerful trend reversal indicator. However, it can also become very costly for new traders. Yesterday, the S&P provided a great example of H&S cancellation. Traders who entered short on the break-out of the shoulders line (and Monday's low) incurred losses after the price returned to the previous day's range...
Trading based on technical analysis is a popular way for traders to identify market opportunities. One of the most common methods of technical analysis is the use of chart patterns. These patterns are recognizable formations created by price movements on a chart.
Traders use these patterns to identify potential areas of support and resistance, as well as trend...
I have an archive of screenshots of this, going back years.
After my crypto baptism of fire, using all the money I'd earned from my first international art sale, knowing nothing and choosing leveraged trading for it's potential returns, I initially set out to find the perfect pattern that I thought I sensed when I looked at a financial chart for the first time.....
Yesterday I wrote about a beautiful chart pattern that was forming on the Bitcoin daily time frame that ended up failing not long after I wrote the post. That kind of thing will shake a trader to their core, especially if they thought it was going to play out, but ended up losing their shirt.
This is why it is important to set stop losses, so that if the trade...
I always ask myself: What's my favorite chart pattern for finding high probability entries? I look at my stats, I look at my various strategies, and I always find I like one type of trade best: Trend Continuation trades using double tops for shorts and double bottoms for longs.
The strategy is simple: Using 1 hour wickless bars, (I'll show you how in the...
In this article, I want to talk about the interesting similarities between trading and detective work. Like detectives solve mysteries to find the truth, traders explore the market to understand patterns and make smart decisions.
1️⃣ Gathering Clues:
Both trading and detective work rely on the acquisition of timely and relevant information.
Traders stay...
Greetings, traders! Today, let’s dive into a powerful candlestick pattern: the Three White Soldiers. This pattern, often regarded as a bullish signal, can provide valuable insights.
Understanding the Three White Soldiers Pattern:
The Three White Soldiers pattern is identified by three consecutive bullish candles, symbolizing a robust influx of buying pressure....
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...
📚Engulfing candles are an essential feature of technical analysis in forex trading. An engulfing pattern happens when a larger candle engulfs the entire body of the previous candle, signaling a potential reversal of the current trend. Engulfing candles, which can be either bullish or bearish, are trusted by many traders for their reliability in predicting future...
⭐Bearish Symmetrical Triangle
- Bearish + Bullish trendline
- Take price at lenght of triangle height
- Stop loss above last high
⭐Symmetrical Triangle
- Bearish + Bullish trendline
- Take price at lenght of triangle height
- Stop loss below last low
⭐Bearish Flag
- flag pole
- Bearish channel in bullish trend
- Take price at lenght of
- flag pole
-...
🟩STOP LOSS IS:A stop-loss order is an order that automatically closes a losing position once the price hits the pre-specified level.
We usually calculate SL in pips, but there can be many ways to set it. It can be time based, percentage based or volatility based. For some investors SL is some piece of critical news, which alters their perception of the value of...
✅Forex trading can be an exciting and lucrative way to make money. However, it can be very challenging, even for seasoned traders. To be successful, it's essential to understand some essential concepts that can help you navigate the market and make more informed decisions.
✅One crucial concept to keep in mind is the impact of position sizing on trading...
The difference between pro traders and new traders is how they approach trading.
Pros commit to trading. They do not see it as an opportunity, they see trading as a form of work. They are not looking for the best trade every time, instead, pros are looking for many trades because they see loss and gain as a fundamental part of how trading works.
It would not...
Introduction : Are you looking to skyrocket your trading profits? Look no further! Today, we will uncover the hidden gem of trading patterns: the Wedge Pattern. This powerful tool has the potential to transform your trading strategy and help you achieve financial success. Let's dive into the world of wedge patterns and explore how you can capitalize on their...
Zigzag patterns are sharp declines in a bull rally or advances in a bear rally that substantially correct the price level of the previous Impulse patterns.
Zigzags may also be formed in a combination which is known as the double or triple zigzag, where two or three zigzags are connected by another corrective wave between them.‘
4. Flat:
The flat is another...
🐣If you are looking for a simple yet powerful trading strategy that can help you spot potential trend reversals in the market, then the engulfing candle trading strategy might be the one for you.
🐙What is an engulfing candle, you might ask? Well, an engulfing candle is a candlestick pattern that occurs when a larger-bodied candle completely engulfs the...
