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Advanced Analysis Of SPX500 Using Fibonacci, Channels, & MoreTo continue to expand your learning experiences and to see what I do in the background (trying to figure out advanced price theory and Fibonacci secrets), I created this video to share some of my work. The idea is for you to watch and learn - trying to pick out what you see as valuable and possibly sparking some insights into advanced Technical Analysis concepts. Fibonacci Price Theory is the basis for almost all of my work. But price channels, price action, cross-market analysis, and multi-timeframe analysis are all part of what I use to determine probable outcomes - and I'm still wrong sometimes. I see trading/investing is "the attempt to use your best judgment to move probability onto your side related to trade actions." After you have reasonably attempted to use your best abilities to determine the "smart trade", the next stage is determining allocation (how much you want to trade). Remember, the easiest way to accomplish this is to focus on your RISK levels. If you have a 3% risk on a trade, figure that risk level out as real dollars - then as yourself if you are comfortable risking that amount of money on the trade. Again, this may be a bit more advanced than you are ready for, but I'm trying to build on the basics of trend channels, basic Fibonacci Price Theory, and more. The deeper you get, the deeper it goes. Visit my profile to see all my videos and learn how I attempt to identify future price trends (I read the charts and see the data). Plus, I pay attention to historical price trends and cycles. How you enjoy.
FX:SPX500Education
by BradMatheny
Learn To Trade Breakout/Flags More Efficiently - Part IIn my first tutorial, I tried to show how price channels can be used to identify and validate strong trade setups. Additionally, I attempted to show you how to identify better trade setups from what I consider invalid trade setups. Understanding and maintaining at least a 2:1 Reward-to-risk factor for any trade you consider taking is essential. Secondly, it is essential to understand and use proper allocation levels for trades. The simple way to understand allocation levels is to focus on the RISK amount. If your trade risks $5 per share and you can't afford to risk $500 on this trade, then you should NOT attempt to trade 100 shares of this stock. Set your risk level based on how much you intend to risk for the trade - nothing more. If you can only risk $250, then you would only trade 50 shares. If you can only risk $125, then you would only trade 25 shares. Learning to find and identify proper trade setups on Daily and Weekly charts is critical for success in the long run. I firmly believe price tells us everything we need to know about a chart, and indicators reflect price. As you continue to learn some of the techniques I use in various price chart setups, I hope you can refine your techniques to become better traders. I will likely create a PART II and PART III version of these types of advanced trade setups. Hope you enjoy.
AMEX:SSOEducation
by BradMatheny
BTC: QUICK UPDATE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. BTC breaks down from the head and shoulder pattern in a 30-minute time frame and looks bearish here. We might see a small dump up to the $25.2k level from here followed by a quick pump. So basically I'm expecting a quick dump today or on Monday up to the $25.2k level and then we see a pump up to the FWB:27K level. Let's see how this plays out. Invalidation:- Hourly close above the $26.2k level. What do you think about this? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Short
by CoreCrypto1
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XAUUSD Gold daily breakdownFriday NFP saw the daily candle close in a very weird spot. 1. it started as a very bullish candle and turned doji 2. it closed within the range 3. despite being a doji it created a support with the previous daily bearish candle. Is this significant? I don't think so. not yet. Monday's daily candle will tell us everything we need to know, especially as we will be forming structure for the weekly candle. Ideally Monday is bearish and flips bullish to create a bottom wick and grab liquidity before moving up, however we will see what happens.
OANDA:XAUUSD
by FriesianFX
XAUUSD Gold price action breakdown 1hSo far this week price action has been very slow, with the only movement coming in as a reaction from news and little else happening inbetween. We are at a key level where Gold either makes or breaks it's August and september start with core PCE news today, and NFP tomorrow. The main thing to look out for today is a liquidity grab, which are levels marked in purple. I anticipate these levels to see price reject from IF we fail to see a closure above/below the respected levels. In these cases I will be taking live testing 0.01 lot buys to continue my analysis of this new style of trade entry. Buy and Sell levels are once again in play should the hourly candle close above/below the respected levels.
OANDA:XAUUSD
by FriesianFX
XAUUSD Gold sell limit scalp test tradeAnd sure enough Price action did exactly what we were looking for price action to do. Typically I would move stops to break even and take partial profits here, however due to the fact I am taking a reduced lot size (0.01 lots as I am currently testing the trading style out) I will move stops to breakever at our BE line (1909) But I hope this was an educational post and demonstrates exactly how and what I look for in the market when taking trades, and as I sample more and more of these types of trades/entries I can look for ways to improve it.
OANDA:XAUUSDShort
by FriesianFX