DeGRAM | EURUSD fall from resistance level The instrument in a downtrend rolled back after a false breakout to the resistance of 1.175.
Under pressure from sellers,
I think that the price will go short from this level.
The closest target that interests is the near support level of 1.17
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Marketmaker
DeGRAM | GOLD short to support Gold is currently trading directly at the resistance level, while gaining a position, the level is sawn.
Since the trend is downtrend and the resistance level has not yet been broken through,
I wait for the price to drop to the nearest support level 1764.9 at the end of the consolidation.
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DeGRAM | AUDUSD short from resistance The instrument worked out our target and even broke through the support level and fell to the lower border of the descending channel.
They expect a pullback from this level to the resistance of 0.722 and a further fall to the support level of 0.706
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DeGRAM | EURUSD growth after consolidation The currency pair goes beyond the local resistance level and trades above it, in the zone where the players will buy.
I am waiting for consolidation above the level of 1.17 and growth to the nearest resistance 1.1755
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DeGRAM | SILVER short to support level Silver is in a downtrend and the week closes below the accumulative flat level.
I think that if the price consolidates below the lower border, then there is every chance that we can see a fall to the nearest strong support level - 22.0
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DeGRAM | BTCUSD keep growing Bitcoin is recovering in value. Reacts to levels in an upward strong trend adequately - a rollback followed by a breakout.
I think that the next resistance level 50525 will be broken during the retest.
I look forward to growth above 50525 to 53227
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DeGRAM | EURNZD Long The currency pair makes an attempt to break out with a trend change, but the price was not allowed below the level of 1.667.
A deep false break was made in relation to the lower border of the channel.
The price has returned and is being traded within the channel.
I look forward to growth from the support of the channel to the nearest resistance 1.727
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DeGRAM | EURAUD pullback to supportThe currency pair closes at the end of the week under a strong resistance level. I think that the level will not be broken the first time because of its strength, the price may roll back to support for a subsequent retest. Waiting for a pullback to the level of 1.625
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DeGRAM | EURCAD short from resistance The instrument is in a downtrend and yesterday there was an attempt to break through the resistance level on the distributive movement.
The week closed below the level.
The level is not broken.
I look forward to a decline in price along the trend to the nearest resistance
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Understanding Market StructureLets start
1) Consolidation
The market enters this phase after a strong movement. Sellers control buyers, which further leads to a downward trend
2) Down trend
Bearish phase - lower lows and lower highs. This is where traders want to go short on breakouts or from levels
3) Distribution
Occurs after a prolonged fall in prices, when buyers gain control of prices, resulting in higher prices
4) Up trend
The bull phase is where you want to be long. See to buy short breakout moves after long rallies have exhausted themselves. Attempts to rally are considered guilty until proven innocent
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Candlestick analysis. How to understand candlestick patternsPinBar
PinBar shows the result of the struggle between the players. In this example, we see that after the opening, buyers tried to fight and at some point even won, but the selling pressure was
stronger and the bar shows that there is a strong seller in the market.
Engulfing
Reversal pattern (use at pivot points)A strong impulse in the opposite direction indicates the strength of one or another player, in our case the buyer is stronger. This combination is indicative of the future direction of the market.
Internal gap
An accumulation model controlled by bears. Note that the bar opens with an internal gap, the large player tries to buy and take at a better price before going further down. Thus, a position is gained before further distribution. The first signal for a sale.
Distribution model
Direct sale. A large player leaves the game in this way, they sell their large positions for a long time and for a lot, therefore, large bars with large gaps are obtained, because there are no deals in these voids. The movement often ends at 2-3 bars.
Inside bar
Reversal pattern, which says that there is no update of the local minimum and the closing of the bar remains within the previous bar (without a shadow). The next impulse indicates the strength of the players (in our case, it is a buyer) and the market reversal.
Doji
A signal of neutrality of forces, often a reversal signal, if it appears at potential reversal points. Pay attention to its formation, as a result of the struggle at the moment, it turns out that the players have equal strengths, only subsequent bars can tell who is the stronger buyer or seller
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Candlestick analysis. How to understand candlestick patternsPinBar
PinBar shows the result of the struggle between the players. In this example, we see that after the opening, buyers tried to fight and at some point even won, but the selling pressure was
stronger and the bar shows that there is a strong seller in the market.
Engulfing
Reversal pattern (use at pivot points)A strong impulse in the opposite direction indicates the strength of one or another player, in our case the buyer is stronger. This combination is indicative of the future direction of the market.
Internal gap
An accumulation model controlled by bears. Note that the bar opens with an internal gap, the large player tries to buy and take at a better price before going further down. Thus, a position is gained before further distribution. The first signal for a sale.
Distribution model
Direct sale. A large player leaves the game in this way, they sell their large positions for a long time and for a lot, therefore, large bars with large gaps are obtained, because there are no deals in these voids. The movement often ends at 2-3 bars.
Inside bar
Reversal pattern, which says that there is no update of the local minimum and the closing of the bar remains within the previous bar (without a shadow). The next impulse indicates the strength of the players (in our case, it is a buyer) and the market reversal.
Doji
A signal of neutrality of forces, often a reversal signal, if it appears at potential reversal points. Pay attention to its formation, as a result of the struggle at the moment, it turns out that the players have equal strengths, only subsequent bars can tell who is the stronger buyer or seller
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Key Patterns Of Price ActionKey Patterns Of Price Action
Key patterns of price action.
Below I will describe several key patterns, but on the diagrams you can see the analysis from a technical point of view.
And also please pay attention to the rules, which I do not advise to ignore.
The Cup with a handle pattern is formed according to the following logic:
- On an upward movement, the bulls cannot push through the next resistance level , a correction begins. It is undesirable that there were impulses during a rollback, a moderate downward movement should be observed;
-By basic rules, the bottom of the cup should be formed in the area of correction levels. A deeper rollback is allowed in modified models. In case of a deep correction after entering the market, the position is transferred to breakeven as soon as possible, the probability of the trend continuation is lower, it is better to insure;
Double bottom
It all starts with the formation of a new low on a downtrend, after which a rollback against the trend occurs.
Then, the price goes down again and rests against the previous low. And finally, after pushing off from this level, an upward movement begins, which breaks through the level of the previous local maximum. It is after the breakout of this level (confirmation line) that the final formation of the 'Double Bottom' occurs and you can start buying.
The same is with a reversal in an upward market. After the first high, the price should fall by at least 10%. Otherwise, it will mean that the bears are not strong enough.
Saucer
Let's start with the shape of the figure. Contrary to its name, the correct shape of the 'Saucer' figure rather resembles a bowl.
As you can see, the figure is formed by a smooth price movement along a parabolic trajectory. The first half of the figure (the left side of the saucer) is a smooth descent from the edge of the saucer to its bottom. The second half of the figure (the right side of the saucer) is the same smooth rise from the bottom to the edge. Ideally, the second half should be a mirror image of the first. And the bottom should in no case be sharp .
The classic 'Saucer' is formed, as a rule, on large timeframes from D1. But you can also find him on H1.
Flat base
In trading, the term flat means an area on the chart, without a clearly defined direction of price movement, that is, a trend. In other words, flat is the opposite of a trend.
Misc Rules
-all BP = 10 pips
-ideal prior uptrend >30%
-for wks abv avg vol: #up>#down
-up 20% for new base
- undercut base resets base count
- 66% or 3rd stage base fails
- 80% of 4th stage base fails
- in base bottom look for
- shakeout
- tight closes
- volume dryout
- accumulation
great
thanks
PHASES, MARKET BEHAVIORA Growing trend. Bull market
CONSOLIDATION (ACCUMULATION)
Large players risk unlocking the potential of the instrument, actively investing, although there is no clear picture of further growth. The market is full, big exchanges, big losses, someone manages to make money. Energy is accumulating
STRONG BULLISH TREND
The beginning of the excitement, news,
speculative activity, brokers, sales departments,
solid motivation for all speculators to purchase the
instrument. Technical traders make a lot of money
in these times of the market.
Capturing liquidity and deceiving participants by a large player. They drag the price above the previous peaks, supposedly showing that we will move up, and then turn around and go down, collect everything that is needed and after accumulation continue to follow the trend.
MADNESS STAGE
The market is very active, the participants catch up with the departing train and try to drop in to earn money.
A Falling trend. Bear market
DISTRIBUTION
Large players are exiting the market for high pitched reasons. There is unloading, distribution. Private traders are still active. High volumes. Decrease.
PANIC PHASE
More and more sellers appear, including large ones. The fall is accelerating, the sell-off is strong. Strong buyers change positions or leave the market.
The third phase is a huge drawdown, a hopeless situation for buyers. The downward movement is gradually stopping, but there is still no major buyer in the market, everything is characterized by negative news or market sentiment.
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What is impulse and how to make money on it?What is momentum and how to make money on it?
Momentum is a sharp paranormal price movement in one direction or another, unusual for average daily fluctuations of an asset
How to build zones from which impulse movement is most likely to occur?
1) The price is pushed back from the previously built level
2) There is an impulse movement in the other direction
3) Correction to the level, from which the price pushed a little
4) consolidation, consolidation below the level, from which there will be an impulse movement
How it works?
1) the level above which the price consolidates and repels
2) Rollback from the price level at the moment
3) Impulse that breaks the level
4) We need to extend the level to understand where the key point will be
5) Fixing the price below the level
6) In anticipation of an impulse movement, at the very beginning of the movement, after fixing, we open an order
*** Works in the same way in long
What do you need to do, what to earn on this?
1) If you use impulses not all in a row, but the very first one after a trend reversal, then we have a chance to pick up all the movements, it all depends on your benchmarks, where you exit the market, according to your strategies.
2) Not every impulse level is the first, we estimate the situation from strong levels, from which the price can reverse
3) We focus on the opening of the session, the chance that the market will reverse at the end of the working day and give you less profit if it is at the beginning.
It is important to understand:
Price moves from level to level
The price does not always fix directly below / above the level
You can work both on the younger (m5, m15, m30, h1, ch4) and on the higher timeframes (d1, b1, m1 )
The older the timeframe, the stronger the level from which an impulse can follow
During an impulse, funds are injected, a large player enters the market or a major player exits the market, stops-losses are collected, i.e. removal of market participants.
Our goal is to follow a major player who leads the price and get profit from it
How to create a trading strategy?HOW TO CREATE A TRADING STRATEGY?
WHAT IS A TRADING STRATEGY?
Trading rules that systematize it, bring clarity, orderliness and predictability of the result. You can take a ready-made strategy and adapt it for yourself. And you can create your own
The main idea of the strategy, its rationale
The idea should be rational, based on market patterns that you understand. For example, trading with a trend or pullbacks. On technical or fundamental analysis , with or without indicators
A good trading strategy is not complicated, but simple. A large number of rules makes the strategy inconvenient and understandable for the trader himself.
Timing of trading
What timeframes do you want to trade on?
How much time are you willing to devote to trading?
What time will you trade?
Selection of trading instruments
Pick those tools. which you understand well
The strategy can be both universal (for many tools), and sharpened for specific toolsChoice of tools for analysis
1) When the main idea of the strategy emerged and it became clear how, when and what to trade, you need to decide on the tools of market analysis
2) If the strategy is indicator, then select indicators (from 2 to 5)
3) If the strategy is not indicator, then select patterns, figures of graphical analysis
4) If the strategy is based on fundamental analysis , then it is necessary to decide on which news to trade.
Trade entry rules
Under what conditions will you enter the market based on what signals?
When will you not open a trade?
What orders will you use market or pending?
Exit rules
Stop Loss and Take Profit
Under what conditions do you close a position?
How will you set stop loss and take profit?
Risk Management
Write down the risk per order, risk per day / week / month
(in percent or in currency)
Determine the maximum allowed number of losing trades
per day / week / month
Calculate the volume of a trading position (lot)
When there is a strategy, what's next?
Check the effectiveness of your strategy on the strategy tester or on a demo account
Maintain trade statistics to identify weaknesses of the strategy and remove them
Find me on:
Understanding Market Structure1) Consolidation
The market enters this phase after a strong movement. Sellers control buyers, which further leads to a downward trend
2) Down trend
Bearish phase - lower lows and lower highs. This is where traders want to go short on breakouts or from levels
3) Distribution
Occurs after a prolonged fall in prices, when buyers gain control of prices, resulting in higher prices
4) Up trend
The bull phase is where you want to be long. See to buy short breakout moves after long rallies have exhausted themselves. Attempts to rally are considered guilty until proven innocent
-------------------
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How to trade breakout Breakout patternsWhat is a level breakout? A large number of orders are located behind the level. Either this is a limit entry order
if the price overcomes the level, or it is a protective order - it is triggered if the price goes out of our way and
overcomes the protective zone in the form of a level
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DeGRAM | GOLD false breakout? Gold is forming a downward base.
It is trading at a descending strong resistance level and has already made a false breakout.
Gold does not update local tops and cannot break the level up, so I expect the price to drop to support 1764
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DeGRAM | AUDJPY false breakout, Long The instrument went down to the lower border of the channel with a strong fall.
I look forward to a return for the nearest support level and growth to the nearest resistance - 79.58
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DeGRAM | USDJPY growth from levelThe currency pair is in a downtrend, we understand this from the downtrend channel, but a sideways range has also been formed, within which the instrument moves from borders to borders.
Now the price has gone beyond the resistance level and is trying to gain a foothold above this level, after the end of the consolidation,
I expect growth to the nearest resistance
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DeGRAM | EURUSD LongThe Eurodollar has retraced slightly from the lower border of the channel and is trading between the support and resistance of 1.17.
I expect a deeper rollback, therefore, if the price goes beyond the level and consolidates above 1.17, then we can expect an increase to the resistance of 1.175
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DeGRAM | GOLD short from resistanceGold makes a false breakout of the level and consolidates below it.
A strong trending level, relative to which two false breakouts were made earlier, one of which is deep enough, but the trend has not changed.
Since the price is now below the resistance,
I expect a fall from the level to the nearest support 1764
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