Get started

Forexsignals

Our Elliott Wave 5th Wave Target Zone Hit on EURJPY Earlier today we made a quick education video discussing the tools in our indicator suite and how to use them to trade the high probability 5th wave moves. We used this EURJPY example as it was setting up. The orginal video can be viewed >>HERE<< This next video is a follow to show our automated 5th wave target zone has been hit, completing a great Elliott 5th Wave trade on the 5 minute time frame for EURJPY. Watch the video tour of our Elliott Wave Indicator Suite >>>HERE<<<
Education
by xBratSoftwareSolutions
3
Entry Points for our 5th Wave Trades - EURUSD 30min ExamplePart of our Elliott Wave Indicator suite are our 6/4MA High and Lows which are designed to allow traders a sensible entry strategy for long and short 5th wave trades. In this example a great 5th wave trade was entered on EURUD on the 30 minute time frame using our Elliott Wave Indicator Suite for TradingView. The green arrow on the chart highlights the short entry through our Red 6/4 MA Low. As with 80% of our 5th wave trades, our 5th wave automated target zone was hit. You will also notice our Elliott wave oscillator pulled back on the 4th wave within our parameters along with crossover of false breakout stochastic. These are special tools, along with out probability pull back zones that allow use to measure the behaviour of the 4th wave. This is important to help identify High Probability 5th wave moves. Find out more bout our Elliott Wave Indicator Suite for TradingView >>>HERE<<<
Education
by xBratSoftwareSolutions
EURGBP, A short trade explained. Price action & Technicals.Ok, going to throw in a little education from a trade I got on earlier. Nothing overly special from this trade. 30 pip move (and counting hopefully, the trade is still running). First of all, I always draw my Fibonacci tool from top to bottom, never bottom to top but I appreciate there are people who do otherwise. So drawing from swing high(0.90517) on the 1H chart, to swing low(0.89571).The fib tool I use is custom if wondering, only 3 levels included. I monitored the price waiting for a strong price action signal for a sell(large pin bar on candle in a down trend) The price moved through the .382 level once before dipping slightly and moving through to the 0.5 level. Notice I did not take the trade when it rejected on the first occasion as there was no strong price action candles. I took the trade on when the candle bar which is circled was closed. Always wait for the right price action!. The risk to reward ratio for this was very good, very little risk. Anything that went through the red highlighted area would have stopped me out, a 15pip stop loss for what I hope to be a 50+ pip move. This may have not been explained well but I will try do better in future, but in summary: 1. Price action - Personally the most important signal when trading. Wait for the correct signal - There are 1000s of trades to take. 2. Technical analysis - In this trade I used the fibonacci tool to identify an area that the price respected and rejected. 3. Money management/Risk reward ratio - Always respect this with every trade. Do not take on trades without ratio being in your favour. When combining the 3 of the above to your advantage you give yourself a chance at gaining from the markets. Thanks!
Education
by Craven64
2
AUDNZD Is Ready for next Move.AUDNZD is in Down channel pattern were in the lower time frame we bet Rising wedge pattern we need to wait for break down the pattern so that we can take them as per the market move everything was mention on the chart. Note one think the market can go further more upside till Down channel pattern resistance line there is really Big Stop loss but if market break downside then it will continue the trend. Note: This is only for Educational Purpose this is not Investment advice. Please support the setup with your likes, comments and by following on Trading View. Share Our Chart on All Social Media. Thanks Adil Khan
Education
by Make_Money_Guru_Bitcoin
7
forexTrdr Sunday Setups: EURUSD ALL EYES ON THE PRIZE.. 100DMAHi all and welcome to our Sunday Setups a new technical analysis piece where we are looking to showcase our work and highlight our 20 years of professional trading experience at the worlds best Investment Banks. Our aim is to keep analysis simple so that anyone can follow and learn from our work and hopefully our past performance highlights why we are different. Interested in finding out more? Head over to our profile page and please give us a follow Please comment and leave feedback- we will be bringing our analysis via video soon First on the agenda is EURUSD- as per chart we have a descending trendline dating back to September, what we are looking for here is a potential retest of the 100 day moving average (1.1367) before a pull back to year to date lows and a move to 1.1130 area over the next few weeks. Risk is we have a break out to the upside and escape out of the descending trendline towards 1.142 area. Countering that however, from tech perspective, the pair is at the top of the overbought range on RSI (bottom chart). From fundamental side European growth continues to come in at the lower end of recent performance and the ECB has announced further stimulus through the extension of TLTRO- a form of cheap funding to the banking sector. US continues to storm ahead on growth and looks to have bottomed out in January- last weeks NFP looks nothing more than a fluke number which occurs from time to time. This week we have Fed meeting on Wednesday where we expect to hear comments around growth having bottomed out at start of year and a pickup in economic activity in line with what we are seeing in other forward looking indicators and Chinese stimulus. Week Ahead Tuesday 19th March: German ZEW Survey - very low impact US Factory Orders & Durable goods - low impact Wednesday 20th March: Fed Meeting - potential for high impact Thursday 21st March: European consumer confidence - low impact Trend : Descending trendline since the high on 24th September Series of lower highs and lower lows since start of 2019 Tech levels: Major keys to upside: 1.1367 the 100 day moving average and around the top of the descending trendline from September 1.1418 February high Major keys to downside: 1.1290 January low 1.1235 February low 1.1187, 61.8% retracement of 2017 low to 2018 high 1.1177, YTD low
Education
by forexTrdr
4
GBPAUD potential Head and shoulder pattern GBPAUD May give us a great sell opportunity if the price break the Head and shoulder neck line. for who don't know what is the Head and shoulder Pattern it is > One of the most popular Chart Pattern. This pattern appears on all times frames and can therefore you can use it if you are a swing trader or a Daily trader. Formation of the pattern 1. Up trend 2. It is formed by a peak (shoulder), followed by a higher peak (head), and then another lower peak (shoulder). 3. The neckline is drawn by connecting the lowest of the two troughs Entering: when the price break the neckline Stop loss: above the right shoulder Target: calculate a target by measuring the high point of the head to the neckline.This distance is approximately how far the price will move after it breaks the neckline. Don't Forget to follow and Like if this article have any value for you. Good Luck
Education
by IhabMax
Education post 6/100 – How to trade supply and demand zones? Supply and demand is a trading and price action concept that analyses how financial markets move and how buyers and sellers drive the price. On every price chart, there are certain price points where you can observe a sudden shift between the buyers and the sellers. Those areas are usually characterized by strong and immediate turning points, or an explosive breakout. We as traders call those areas supply and demand zones. It can pay off to know how to spot such areas because just like the concept or support and resistance, supply and demand areas can add an other layer of confluence to our trading and help us find better trades. Order absorption – why common trading knowledge is wrong The scenario below is something we all have seen hundreds of times. It shows the classic price behavior around a support level. Common trading wisdom tells you that with each touch of a price level, the support area becomes stronger. This couldn’t be further from the truth. What makes the price go down is an imbalance between buyers and sellers and there is more selling activity than buying going on. Each time the price reaches the support level, buyers enter the market and cause a bounce by outnumbering the sellers. Then, the price rises until sellers become interested again, outnumber the buyers and drive the price down. Although this is a very simplistic view, it explains how markets move. But each time the price makes it to the support level, there will be fewer buyers waiting because, at one point, all buyers who were interested in buying have executed their trades. This is called order absorption. The screenshot shows that price bounced less high with each “touch” and eventually it broke the support level once there were no more buyers left and only the absorbing sellers remained. When everyone has bought and when there are no buyers left, the support level will break and price falls until it reaches a price level where buyers will get interested again. MORE ON OUR WEBSITE...
Education
by GroundStoneHoldings
1
Education post 4/100 – How to trade BUOB?What is a 'Bullish Outside Bar' A bullish engulfing pattern is a candlestick chart pattern that forms when a small black candlestick, showing a bearish trend, is followed the next day by a large white candlestick, showing a bullish trend, the body of which completely overlaps or engulfs the body of the previous day’s candlestick. Breaking Down 'Bullish Engulfing Pattern' A bullish engulfing pattern is not simply a white candlestick, representing upward price movement, following a black candlestick, representing downward price movement. For a bullish engulfing pattern to form, the stock must open at a lower price on Day 2 than it closed at on Day 1. If the price did not gap down, the body of the white candlestick would not have a chance to engulf the body of the previous day’s black candlestick. Because the stock both opens lower than it closed on Day 1 and closes higher than it opened on Day 1, the white candlestick in a bullish engulfing pattern represents a day in which bears controlled the price of the stock in the morning only to have bulls decisively take over by the end of the day. The white candlestick of a bullish engulfing pattern typically has a small upper wick, if any. That means the stock closed at or near its highest price, suggesting that the day ended while the price was still surging upward. This lack of an upper wick makes it more likely that the next day will produce another white candlestick that will close higher than the bullish engulfing pattern closed, though it’s also possible that the next day will produce a black candlestick after gapping up at the opening. Because bullish engulfing patterns tend to signify trend reversals, analysts pay particular attention to them. Bullish Engulfing Candle Reversals Investors should look not only to the two candlesticks which form the bullish engulfing pattern but also to the preceding candlesticks. This larger context will give a clearer picture of whether the bullish engulfing pattern marks a true trend reversal. Bullish engulfing patterns are more likely to signal reversals when they are preceded by four or more black candlesticks. The more preceding black candlesticks the bullish engulfing candle engulfs, the greater the chance a trend reversal is forming, confirmed by a second white candlestick closing higher than the bullish engulfing candle. Acting on a Bullish Engulfing Pattern Ultimately, traders want to know whether a bullish engulfing pattern represents a change of sentiment, which means it may be a good time to buy. If volume increases along with price, aggressive traders may choose to buy near the end of the day of the bullish engulfing candle, anticipating continuing upward movement the following day. More conservative traders may wait until the following day, trading potential gains for greater certainty that a trend reversal as begun.
Education
by GroundStoneHoldings
Education post 3/100 – How to trade inside bar?What is an Inside Bar ? The inside bar is a two bar candlestick pattern, which indicates price consolidation. In order to confirm this pattern you need to see a candle on the chart, which is fully contained within the previous bar. In this manner, the inside bar candle should have a higher low and a lower high than the previous candle on the chart. The Inside Bar is fairly easy to spot on the chart, but using an Inside Bar indicator can assist the trader in quickly finding these patterns on their price chart as well.  Psychology behind the Inside Bar Since the inside candle has a lower high and a higher low than the previous candlestick on the chart, this indicates that the currency pair is consolidating. Why is it consolidating? It is consolidating because the bulls cannot manage to create a higher high and at the same time the bears fail to create a lower low. As such, there is not sufficient buying or selling pressure to break the previous bar’s high or low. Entering an Inside Bar Trade When the price action completes an inside candle on the chart, you should mark the low and high of the Inside Bar consolidation range. These two levels are used to trigger of a potential trade. Remember, the inside candle clues us in to the eventual breakout and likelihood of a continuation outside the range in the direction the break, however, it doesn’t give us information about the direction of the breakout through the range, prior to the actual move. In simple terms, if the price action interrupts the range upwards, then you should go long. If the price action breaks the range downwards, then you should trade the short side. Stop Loss when Trading Inside Bars The usage of a stop loss order is recommended for any Forex trading strategy. The inside bar trading system is no different. You should always put a stop loss when trading inside candles. But where? The proper location of your stop loss is slightly beyond the inside candle’s top, or bottom, depending on the direction of the break. In other words, if the inside range gets broken upwards, you can buy the Forex pair and place a stop loss order right below the lower candlewick of the inside candle. The same is in force for bearish breakout of the inside range, but in the opposite direction. In this case you could sell the Forex pair and you put a stop loss right above the upper candlewick of the inside bar. Take Profit on Inside Bar Setup Projecting the potential move with Inside Bar Breakouts can be challenging. Often Inside Bar trades can lead to a prolonged impulse move after the breakout, so employing a trailing stop after price has moved in your favor is a smart trade management strategy. Along with this, I typically like to use a fixed Take Profit target at 1.5:1 or 2:1 reward to risk ratio to scale out of inside bars trades. In this manner, if the stop loss is 80 pips from the entry, then the minimum target would be located at 120 pips distance. Let’s take a closer look at the inside bar pattern on the Forex chart upside.
Education
by GroundStoneHoldings
How to find extremely strong and accurate levels (Must Read!!).I know how to properly identify support and resistance levels that are backed by recent supply or demand. By this I mean, supply is what traders consider to be selling power that makes a currency value go down. Demand is the total opposite as it shows its self as support and encourages a currency's value to go up. With that said, support and resistance or supply and demand are perhaps the single most important concepts in any form of trading. You can easily find these levels if you accurately use past price data (candlesticks) as a reference point to current levels that may or may not break to find the best place to place entries and stop loss. Trading support and resistance levels are so abundant that you can go all the way back to 2010 and pick ANYWHERE to plot lines only to find out that they formed a perfect support or resistance level in the current times of 2018! This is the number reason why it's important to use the most current S&R levels as a reference point to where price is most likely to break through or bounce off. This is from my tradingview. (www.tradingview.com)
Education
by ElieTheForexTraitor
Education post 2/100 - How to trade triangle pattern?Symmetrical Triangle A symmetrical triangle is a chart formation where the slope of the price’s highs and the slope of the price’s lows converge together to a point where it looks like a triangle. What’s happening during this formation is that the market is making lower highs and higher lows. This means that neither the buyers nor the sellers are pushing the price far enough to make a clear trend. If this were a battle between the buyers and sellers, then this would be a draw. This is also a type of consolidation. In the chart above, we can see that neither the buyers nor the sellers could push the price in their direction. When this happens we get lower highs and higher lows. As these two slopes get closer to each other, it means that a breakout is getting near. We don’t know what direction the breakout will be, but we do know that the market will most likely break out. Eventually, one side of the market will give in. So how can we take advantage of this? Simple. We can place entry orders above the slope of the lower highs and below the slope of the higher lows. Since we already know that the price is going to break out, we can just hitch a ride in whatever direction the market moves. In this example, if we placed an entry order above the slope of the lower highs, we would’ve been taken along for a nice ride up. If you had placed another entry order below the slope of the higher lows, then you would cancel it as soon as the first order was hit.
Education
by GroundStoneHoldings
Spx500 when to go for Short and why? after the big long runThe "Spx500" index started long run from 2812point in upwards direction;all we have now the question will it continue up or the momentum has come and reversal likely? Have taken 4hr chart for this analysis.Is it right time to enter for a short at this level and why ? My feedback for this is , Yes this is about to reverse however waiting for the short confirmation to come to enter is most prefereable.When trading with the plan is always more rewarding . In the 4H time frame chart as per "longbuylongsell" indicator the current candles are in blue color that means the long bull run continues. First we need to get Blue to Black candle that will be the first sign for short entry. This alone not sufficient ,Technical analysis always be performed with supporting indicators like RSI ,MACD,ADX ,Moving Average ,Parabolic SAR,Volume ,Momentum to make our decision closer to accuracy. In this case i would prefer all the strength to show to go for short. When and why we need to go for short. When? the candle become blue to black (indicator for short) Strengthmeters shows (RSI,MACD,ADX,SAR) all/maximum signs short indication then once can go for short. why ? The most powerful indicators as RSI ,MACD, ADX, SAR become weak( RSI coming down from oversold ) MACD(signal cuts fast line down) ADX falling down (DI- gains strength over DI+ ) PSAR above the candle are the indication of the weak trades.So the weak trade support price to drag further down.In this is case as well i feel the something happening .SPX500 likely to fall down. When to why to Enter how to enter? Key is to first predict the black candle and then to see the numbers 1 2 3 P- D- DnLikely to appear above the candle in a same candle or one candle before .This is the confirmation to go for short. We can use price action as well to go for early entry . Sharing this as a info here . When all the above mentioned conditions are met ,the chart snapshot will be shared in the comment section which will give more clear view about trading with technicals. In my next educational video i try to share some more key information for good trading.Thank you!
SP:SPXEducation
by MarxBabu
5
Trade like a BOSS, Heffae Tip for Perfect trade entries & TAPro-Tip on getting a better view when there is an interaction with Heffae Clouds. Reduce the chop and set tighter stops that are hit less often. Shaded cloud & intercloud paths are drawn 124 Hours (5.1 Days) in advance with 4H timeframe. Heffae's clouds is not a "moving average" indicator... the paths are discrete adaptive support and resistance, where price interaction with the paths determine the probability of future price movements. s3.amazonaws.com In this example, Left is 15Min chart with Heffae Cloud set to the 4 Hour Timeframe. The right chart is set to 4 Hour matching the indicator Timeframe. You can see that within a single 4H candle, the price is interacting with the 4H paths in a obvious "validation - conformation - invalidation" way, with the 15min candles. This view lets you make precise entries / exits on path interactions like this one. Instead of waiting for the candle structure on indicator timeframe to confirm the path interaction, this strategy allows you to see how the price is dancing with the indicator in a much more detailed way. Using this strategy will completely eliminate false signals, as a trade entry from path conformation can be quickly reversed if that path is violated. The v1.02 update maintains the cloud path geometry as well as predictive (leading) offset when "Use Chart TF" is turned OFF: Enter the timeframe Heffae Clouds should indicate in "Non-Chart TF" - This must be done in minutes, so 240 = 4H, 360 = 6H, 480 = 8H and so on. imgur.com
BITFINEX:BTCUSDEducation
by SNOW_CITY
Strategy for Binary Options profit 510$ for 5 hours trades 18.06Hi Friends ! Once again share their trade statistics according to the strategy "Scalping About" Binary Options. on Monday, most often I start trading in the late afternoon using for analysis two currency pairs EUR-USD and GBP-USD timeframe 5M trading time from 18: 00 to 23: 00 time zone +7 UTC Trading result. EUR-USD 10+ 2-profit was300$ GBP-USD 9+ 3-profit was210$ below are screenshots of trading as well as instructions for the strategy and a link to the script . If you are interested to try my strategy in business write to me in private messages . EUR-USD GBP-USD Basic instructions for the strategy. Included in the Deal. A false Signal and how to act . link to the script with the description .
Education
by Andreev_Mikhail
How to trade EUR/USD on the Daily Timeframe [FULL EXPLANATION]Trading EUR/USD on the Daily Time Frame: Delete the noise, patience wins Here I present a textbook trading set-up + a fancy little indicator known as the EAG Yume Wave. First we need to set up our parameters, what is confirmation and what isn't? Your analysis does not need to be over complicated, you want to be considering the key/strongest variables when you are creating your final equation. You can backtest multiple indicators, I usually play around with ichi, different MAs and a couple of momentum indicators and the RSI to see if I can make anything work. Here are my personal EURO/USD Daily TF Trade Parameters and WHY I have chosen them~ 185 EMA This has acted as a really good measure of resistance all the way through EUR/USD's last few months. To find this I played about with the settings. Fibonacci lines and extension These allow me to see all the individual lines to trade from and where my points of confirmation will be when a fib line gets broke. Trend lines and horizontal support & res Important textbook trading skills that should line up with my other indicators and fiblines. EAG YUME WAVE Indicator Watching for the twist and then watching for if the Miaku can provide support on the downfall. Volume + MA Volume in traditional markets can help us confirm where potential bottoms are with good buy backs. Do bear in mind there is the risk of a volume divergence hence why I am neither bullish nor bearish UNTIL we get some form of confirmation! If you learnt something or just want a chat about how I trade add me on Discord: Xander#5055 A follow and a like would be greatly appreciated for my time :D ~Xander
Education
by XanderCrypto
4
Strategy for B.O 70-80% of Profitable trades.Statistics for24.04Hello Friends ! report for 24.04, traded on EUR-USD -0.06% Timeframe of 5 minutes . My working time frame 5 minutes trading plan day at least 5 + . I work as a fixed amount of the transaction without the participation of "Martin" Results of the day for 5 hours of trading 7 + 1-with the return of the asset 80% net profit was 5+ The plan for the day fulfilled. below is a screenshot of the graph . 24.04 read more about the rules of the strategy. Scalping strategy working timeframe not lower than 5M (15M,30M) gives 10-15 signals per working day on one pair on average . is in currency pairs EUR / USD , GBP-USD , USD-JPY , EUR-NZD , BTC-USD . as well as other currency and crypto pairs. Expiration time = (1 candle) Detailed description can be found below . How to choose the right entry point . False signal. How to act. Wishing to test strategy write. I'll give you access. and will also help to understand . I also conduct training on binary options trading
Education
by Andreev_Mikhail
4
The Dilemma With Technical Analysis- USDJPY This is the dilemma with technical analysis, here we have a situation where we have technicals supporting a move upward and downwards. This situation is very common with technical analysis, in most cases there are technicals supporting both the bulls and the bears and hence making decisions solely based on technicals is 50/50 in most cases. We have the 50 fib bounce and the trend line break suggesting a higher USDJPY while on the other hand we have a head and shoulder pattern and also a 50 fib bounce suggesting a lower USDJPY. So which way will the market move? This is where knowledge of the fundamentals will prove beneficial, analyzing the fundamentals can help in deciphering which way the market will most likely go. Understanding what is driving the USDJPY and what the market is currently focused on combined with the technicals is one of the safest ways to trade. Now for this trade if you are trading based on the technicals it would be best to wait for the USDJPY to break above or below the broken lines in the chart before looking to place a trade. If you understand how to read volumes then you can base your entry on signs of supply/demand.
Education
by Forexmentor
1