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Trendfollowing

Dual trend exploitationI've not seen this sort of stuff before on Tradingview, so I do apologise if everybody knows about it. I show how I used both a microtrend change on a 15 min time frame and a macrotrend position to get a suitable entry position on Japan225. Note carefully, that this is not a 'win'. I totally expect to lose but if that happens the loss will be minimal. If however the trend moves in my favour, I shall simply follow it without need of a target or predefined get-out point. In this way I do not need to 'predict' anything.
OANDA:JP225USDEducation
by Captain_Walker
1
Psychological trading hack #0003 - finding your true friendIs finding your 'true friend' a psychological issue? Absolutely! We normally think of 'friends' as people - and that can be something of a mistake (based on personal experience), as I explain. Your true friend in trading is right there hidden in the backdrop behind the candles - and that's why you see no candles in the screencast. So I'm saying, find the tools and the methods which will lead to finding the real true friend. Then let your true friend help you.
Education
by Captain_Walker
3
Education post 16/100 – How to trade trend with HH,HL,LL,LH?Price on a given time frame is in an uptrend if it is making higher highs (HH) and higher lows (HL) and in a downtrend, if it is making lower highs (LH) and lower lows (LL). If the price is doing anything else, it is in a consolidation pattern – range, triangle, pennant, rectangle etc. The trend is considered in place until price is no longer making higher highs and higher lows in an uptrend or lower highs and lower lows in a downtrend. After a trend is broken, there is usually a period of consolidation that is easier to see on a lower time frame. With practice, you will be able to visualize this going on without looking at the lower time frame. Market Phases with HH,HL,LL,LH? Contrary to popular belief there are actually three ways the market can go; Up Down Sideways With the swing high/low definition now in mind we can start to build some layers on to the chart to identify these market phases and start to do a simple count of these swing highs and lows. In short The market is going up when price is making higher highs and higher lows The market is going down when price is making lower highs and lower lows The market is going sideways when price is not making higher highs and higher lows OR lower highs lower lows This may sound like child's play and a statement of the obvious but you will be surprised at how often people will forget these simple facts. One of the biggest questions I get asked is, which way is it a market going? By doing a simple exercise you can see which way that price is going and decide on your trading plan and more importantly timing of a trade. What do I mean by timing? It may be that you are looking for a shorting opportunity as the overall trend is down but price on your entry time frame is still going up (making HH's & HL's).  There is, at this stage, no point in trying to short a rising market until price action start to point down (making LH's & LL's. More on this shortly). More on our website...
TVC:USOILEducation
by GroundStoneHoldings
AUDJPY - a different wayIn this screencast I show a different way of tackling the markets. This is about trend-following which is a pretty difficult methodology - but it is the most powerful and potentially rewarding. I show how I made a decision to short. I am not promoting my own methodology. I encourage all new and seasoned traders to explore different methodologies to find what works best for them. I briefly mention EBTA but I'm anxious about providing a reference. EBTA is not a service or a broker. It is the result of scientific analysis undertaken around 2007, of some 6400 rules used by traders. The outcomes probably explain why roughly 80% of all trading accounts lose money consistently. Those who wish to discuss can message me (I'm selling nothing).
Education
by Captain_Walker
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
Turtle Trading Strategy - Educational Overview & Results (v2)I have undertaken backtesting over the past few weeks on a number of Crypto / USD pairs using the famous Turtle Trading strategy. There are a number of good books written on this strategy and you can find the details rules online. On all of the pairs I tested the Turtle Strategy (version 1) performed best. The Turtle Trading strategy is a systematic trend-following breakout trading system which works well in trending markets - its designed to catch the big trends! The strategy looses money over time when the market is ranging. Historically crypto markets have primarily been trending which makes the Turtle strategy a good fit over time. In this trade I will follow these Turtle strategy principles: (main rules also shown in the chart) Entry: Long (or Short) is placed when the price breaks above (or below for Shorts) the price for the previous 20 days. Position Size: 1% of portfolio size adjusted to account for volatility of the market, known as 1N. More volatile markets have a wider Stop Loss (see below) but they also have smaller position size. This equalises risk across all entries and results in better diversification and more robust risk management. As the portfolio size increases or decreases so therefore will the subsequent position sizing. Additional Positions: Purchased if price moves in the direction of the trade at 1/2N or 1/2% of portfolio size/risk. A maximum of 3 additional units, making for a total of 4 units will be purchased. Stop Loss: Placed based on a calculation involving the Average True Range (ATR) for the previous 20 days where the Risk amounts to no more than 2% Portfolio size. i.e. Stop is placed at 2N. If additional units are purchased then each one has its own Stop Loss and each will be executed individually if and when they are reached. Target/Exit: No fixed target is set. Turtles do not agree with the old saying "You can never go broke taking a profit", instead they believe that taking a profit too early is one of the most common and damaging mistakes in trading trend-following systems. Instead an exit will be triggered when the trend has a 10-day low (or 10-day high for Shorts). Thus the Exit is not shown on this trade set-up. If additional positions have been purchased then ALL will be exited when the exit target is hit for the original position. Maximum Positions: The Turtle strategy advocates a limit on the number of positions held across all traded pairs for uncorrelated and correlated markets. Since all crypto pairs are closely correlated (see: cointrading.ninja) I will be ignoring this rule and instead following the rule which states that a maximum of 12 long positions and 12 short positions can be held at the same time. It is noted that it is unlikely that 24 positions will be opened as the close correlation of crypto markets means that positions will either be long or short but not both at the same time. History of trades for this Turtle S1 strategy (each trade is posted separately): 1) IOT/USD Long (11-Jun-18), 2% Loss 2) XRP/USD Short (03-July-18), 0.45% Loss 3) ETH/USD Short (03-July-18) 1.15% Loss 4) IOT/USD Short (11-Jun-18) 1.38% Gain 5) BTC/USD Short (03-Jul-18) 0.65% Gain 6) BTC/USD Long (03-Aug-18) 0.61% Loss 7) ETH/USD Long (31-July-18) 2% Loss 8) XRP/USD Long (17-July-18) 2.11% Loss 9) ETH/USD Short (01-Aug-18) 10.36% Gain 10) IOT/USD Short (03-Aug-18) 9.28% Gain 11) XRP/USD Short (06-Aug-18) 12.45% 12) BTC/USD Short (08-Aug-18) 0.36% Gain 13) EURUSD Short (10-Aug-18) 4.55% Loss 14) IOT/USD Long (28-Aug-18) 3.27% Loss 15) BTC/USD Long (28-Aug-18) -2.58 Loss 16) ETH/USD Short (05-Sep-18) ACTIVE 17) BTC/USD Short (09-Sep-18) ACTIVE 18) IOT/USD Short (18-Sep-18) ACTIVE Overall 16.05% Gain of closed trades I publish each individual trade I execute on TradingView - search for my trades using "turtle" tag. I will be keeping a log of trading results in this idea for full transparency. This is not investment advice. Please always do your own research. If you are interested in this trade or the Turtle strategy in general then please follow me and my turtle trades. "Luck is what happens when preparation meets opportunity" If you want to know more about Turtle trading then follow me and my trades. If I get enough people interested I can update TradingView more frequently with my levels so people can copy trade. Peace.
BITFINEX:BTCUSDEducation
by HackneyCrypto
3
What makes a good breakout trade? I have found out that the best breakout trades occur when a trader does the following things: 1. Finds an area of consolidation under and area of significant support if you are selling and or above resistance if you are buying. 2. Split your position sizing into 3rds so you would be able to enter at least three times because there is a very big chance for false breakouts. For example, lets say you see a breakout trade oppotunity and would like to trade a micro lot at .01 lot with 25 pips. Instead of placing the whole trade as a .01 lot, take it and divide it by three so you would be able to trade .003 lot at 25 pip stop loss and still risk the same amount as the .01 lot. 3. Time your trades!! I only place breakout trades when the market closes (its possible to do so when you have Oanda) because that is where I notice breakouts are more powerful and less choppy. OANDA:EURUSD
Education
by ElieTheForexTraitor
When to add to a trading set-up/plan and when to leave it alone.It can be a very daunting task to create a trading plan/strategy that fits you without conflict. There are a lot of obstacles that inhibit the average trader from leaving a profitable trading plan or strategy as it is. Even I struggle with this which is why I have decided to publish this article. After much reflection, I have come with a few metrics you can use to determine if you should change your trading plan or not. Mental Capacity Mental Capacity, to me, is perhaps the most important aspects of trading. It easily differentiates traders that are absolutely determined to become successful and traders that are bound to become scam traders and losers (no pun intended). Mental capacity resonates itself in a traders ability to deal with traumatic trading experienced such as drawdowns and losing trades. A lot of traders don’t understand that trading is a game of probability so you have to make a lot of money when you’re right and lose a little when you’re wrong. If you make 4X the money you lose, you’ll have to lose more than 80% of the time to not be profitable. Understanding and having mental capacity allows a trader the ability to ignore irrational phobia of thinking that their strategy is not working. If your trading plan/strategy fits you mentally then you should have the mental capacity to accept all the things that can happen to you trading wise. If not, then it’s time for you to change it. Trading is a mental game, always. Objective As much as I love the mental side of trading, I do have to admit that objectives are very important in trading as well. If you’re trading a strategy that is not fulfilling your objective (based on reasonable probabilities) then it’s time to switch components of your strategy. I hate to admit this as I am a big believer in having a “Mind like water.” When it comes to trading but if you have an ever burning passionate desire to make 4X what you risk and also to follow the trend then it’s not recommended to deny yourself of this desire as it will one day influence you to give in and break your trading plan. The solution to this, in my opinion, is to take your objective and create your plan/ strategy around it. For example, if I have a goal of making at least 100 pips per 25 pips that I risk then maybe I should trade on a higher time frame while using psychological support and resistance levels. The moral of this part of the article is to exemplify the fact that any undesired occurrence a traders mental capacity can’t handle can easily be resolved by having an objective ( not having a 30% DD) and a solution (maybe I should hedge my trades or buy options) that can help you acquire that objective. The solution in return will let you know that it’s time for you to change your strategy, but if it doesn’t resolve the objective then keep it as is. Compatibility I’m going to try to keep this part simple mostly because it’s somewhat related to the objective side of this article but at the same time is a very important part to keeping and tossing your trading plan. No matter how much money you are making in trading, if you aren’t compatible with your trading plan then it will all be in vain. It isn’t logical for a trader who loves waiting to be a scalper and vice versa because when this happens it makes the trader feel that they have to change instead of the trading strategy. It has to be the other way around! Trust me, I learned this the hard way because I always got jealous of high leveraged scalpers making 1k days while I was making 2% per month if I got lucky. When I tried copying them it forced me to change into timeframes/trading strategies that I was not compatible with. My advice to any trader struggling with this is to love yourself and you’re trading because it’s your decisions and perspective that determine profitability. OANDA:EURUSD
Education
by ElieTheForexTraitor
How to find high probability trends on any currency pair.This is a very descriptive example on how a trader can find high probability trades that are very unlikely to reverse. The markets are full of fractals so this strategy should be good for any timeframe but I highly suggest you use these timeframes as follows. If you place trades using the 4hr, use the daily for trend (example on the chart). If you place trades using the daily time frame (recommended) use the weekly time frame for the trend by using the same exact method but on the open, high, low, and close, of the weekly charts. Please leave a lime and comment as this encourages me to create new content for you guys every Friday. Feel free to message me. FX:EURUSD
Education
by ElieTheForexTraitor
1
Three things Mark Douglas taught me. (Pt2) Risk & Money Management Risk management, in my opinion, is equal in importance to psychology because it allows your trading strategy/edge to play out by keeping you in the market equity wise. There really isn’t much to risk management other than its number one rule, never risk more than 1% per trade. Risking one percent per trade allows your trading system to take losses and have drawdowns but not enough to the point that you won’t be able to get out of it. I’m actually not a big fan of risk so I place trades using less than 1% of my capital. A lot of traders would think risking .75% per trade based off of my trading strategy is ludicrous but to me, it makes a lot of sense. As a trend follower, I take multiple small losses and few big winners that make double, triple, or quadruple, the loss. Trend following is very difficult because of the multiple small losses but definitely pays off because it lets your winners run. Big winners and small losses are definitely a trader’s best friend because it allows you to have a high risk reward ratio. If you risk $1 per trade, your goal is to make at least $4 back. If you constantly trade looking for 4x your risk all you need to do is win more than 20% of the time to be profitable. (Ex: Win 1 trade=$4 Lose 4=$4=0) .To be profitable you have to win more than 1/5 trades or 20%. With that being said, risk management gets even better when you use money management. As you can tell from the title, money management and risk management are two different things in my opinion. This wasn’t always true though. The old me would've said risk management and money management are the same exact thing but now that I know what I know now, I completely disagree. Money management to me is where you spread your risk to give yourself an even bigger edge. To illustrate, let’s look at the example shown here. According to my trading strategy my risk would be .75% of my equity on this trade but I would "spread the .75%" by taking it and dividing it into six trades instead of placing it on one. Let’s say I have $1000 in my trading account with .75% of $1k being $7.5. I would take the $7.5 and divide it into six or $1.25 per trade. My trading system would've told me to take buy limit trades at 1.66308 and 1.66815 at .005 lots (possible through Oanda) at 25 pips stop loss. Unfortunately the trades would’ve been a loss of $2.50 total or -.25% but because I'm spreading the risk I would still be able to enter four more trades. The remaining four would be a buy stop at 1.6654, 1.67068, and two at 1.67980 in anticipation of price closing at 1.68300 for us to take profit. If we were to follow our trading plan and disregarded negative psychological energy, our end profit would be as follows: -$1.25, -$1.25, +8.73, $5.90= Total profit $12.13 or 1.2% gain.
Education
by ElieTheForexTraitor
5
Three things Mark Douglas taught me. (Pt1)Psychology Psychology, like anything in life, plays a big role on how humans function. It affects the way we think, act, talk, and so on but when it comes to trading it affects us, oddly enough, in only one way and that’s through our emotions. Any experienced (or shall I say inexperienced) trader knows and understands the waves of overwhelming emotions that resonates based off of a trade that’s a loser. These emotions range from sadness, depression, anger, and the list goes on. The reason for this, if I’m not mistaken, is because of the pure fact that the money we use to trade with is hard earned and even when it’s not it’s something that rightfully belongs to us. Human nature is something that’s extremely difficult to change because it's part of our genetic make-up that has allowed us to stay for so long by encouraging us to stay away from things that we don’t understand or that will hurt us. Trading psychology is definitely the hardest thing to master when it comes to trading because your psyche works against you when you're being hurt mentally (losing trades) and works for you when you're euphoric (winning trades). As if this couldn’t get any worse, a hurting mentality will tap you into a pool of past failures or misfortunes that have happened to you in life and convince you to think you're not any good as a trader and that your strategy is useless. This baffled me when I learned this from Mark Douglas because it wasn’t something that I realized. This fact is very important because it means you and only you alone are able to break this cycle of assuming a bad trade means a bad setup. A losing trade has absolutely no correlation to you as a person so you shouldn’t assume that you're the reason why you have a losing trade. According to Mark Douglas, it only takes one person around the world to negate your edge. This basically means that when you're buying, someone around the world is selling. When there are more bears (sellers) than buyers (bulls) you're long trade is no longer able to be profitable and stops you out depending on your risk. The markets are full of newcomers and unprofitable traders that agree on the wrong thing together and thus makes the impossible or improbable possible. This gets even more tricky because it makes you, the person on the other side of the trade, feel unsuccessful. This is not true! A losing trade does not represent a bad setup but because our phycology wants to protect us from losing money (what hurts us) it tricks us into thinking that we are unsuccessful as traders. The solution to this is to simply accept the risk of the trade by trading a strategy or setup that is profitable through backtesting. Mr Douglas implored that back testing should be done through 20 trade sample size to give accurate results. When I first started trading back in late 2016 I would always hear profitable traders talk about trading psychology and not trading strategies. I never knew why until I tool Mark Douglas’ principals into consideration and for that I am grateful. (see pt2)
Education
by ElieTheForexTraitor
Trend Following: when to consider if a buy #Singal is validIts likely for the #BTC and other coins to #down #trend or at least keep sideway for sometime. As a trend following trader, We should not be looking for the dip to buy as it wont be a low risk entry point, espcially when #volume could be a misleading parameter for lower timeframes. Entry: With some #technical #analysis grounds, proper #entry should be made when these conditions are met: 1. Price makes a breakout (better with chart pattern) 2. A higher than average volume. 3. Moving Averages on Price are positive (Slow<Fast<Close). 4. RSI corsses above 60. 5. RSI moving averages are positive. Managing Trade: To track an ascending #Trend, make sure to track: - RSI be within 40 - 80 zone. - Tracking Positive Reversals achieving targets. - Positive Reversal conincides with Bearish Divergence - Higer time frames are confirming positive signals appears in lower frames. - always find support lines where Reversal points occur. - proper technical #trendlines Stop Loss: - there are two way to place your stop loss properly. Both depends on trader’s financial risk tolerance. 1. Portfolio-based Stop: where you place stop price at the threshold where accepted risk is maximum of 2 to 3%. It really depends on how you manage risk on your portfolio or trade which may reach up to 7 to 8%. 2. Technical-basesd Stop: where a stop is placed not based on money at risk but where it is the least likely for price to hit. - Both stop decisions should be taken before executing the trade. Emotional Control Trade the chart not opinions or emotions of greed or fear. Don’t let others distract you from properly manage your trade. Use what you know is works for you and stick to it. Never listen to others for help. Its your money, your business .. take full responsibilty for your decisions. You are #bullish until you are given a #sell or #short signal #technically. Hope this would help traders finds a better #entry points where thier risk exposure is at minimum which makes it easier to manage. @TFStrategist
BITSTAMP:BTCUSDEducation
by tatrader77
The torture of equity gainsI'm exploring the psychological torture of managing equity gains - mostly in trend-following. I shall not go into methods. I wish to distinguish trend-following from trend-continuation trading. Those who do not know the difference can read up on the net, or start here . At the outset traders will have watched their positions move into much positive equity in a trend-following trade, and would have felt a strong urge to 'take the money'. They may not have felt fear of losing out, or even anxiety - though the urge could well be driven by unconscious emotional factors. In all this I'm considering long positions for easy understanding. Trend-following is where the big money. However it is more challenging as there are no predefined targets, though there are exit events or criteria (in any strategy). In some markets that are pretty volatile one has to be prepared to give back as much as 50-60% at a moment in time, in order to milk a trend that could realise a 500-1000% gain. I'm giving some of my own thoughts and feelings - from when I was much younger in this business. So for example I'm watching say the equivalent of $1200 in equity on a position. Something inside is driving me to take the money. But cognitively I know this is not any part of my strategy or method. I know in advance that I can expect that equity to fall off and stay with my chosen trend envelope. It's a real battle and it's painful (torture). In other words 'feelings' of some sort are trying to direct my mind to do what it shouldn't. On reflection over many of those situations, where I've stupidly taken the money and not followed by trend indicator, I came to realise that my methodology was sound. When I did take the money I might have been relieved when the price fell back as it would but stayed within trend parameters. That then brings relief in the form of self-talk such as " Yes - it's a good thing I took the money ." But then comes another problem of trying to re-enter the trend. In attempting to do so, there is niggling anxiety about losing what I've got and wrestling with fear of missing out (at the same time). So, on some of those occasions 'happy' with my stash I didn't re-enter. Then - lo and behold the market takes off, follows the trend from my very first assessment - and I feel pretty stupid that I've missed out on 300% more over say 4 days. More torture! I theorise that some of the above behaviour is driven at least in part by the most subtle of human instincts - that of survival . We have been programmed by nature to 'take the food or water' when we see it, as that's our survival right there. That taking of gains is probably hard-wired into all of us. Nature didn't envisage that we'd want to cope with trading environments. Money also translates into 'food', other basic needs and comforts - it's the very reason why we're in this business. As I think about it more I recognise that quite a few of the enemies are derived from the survival instinct. All of trading is a battle in the mind and not nearly so much about battling with markets. Now with the benefit of hindsight I take 'technical analysis' and other types to be just 'tools'. The outcome of using those tools depends far more on skill in manage my mind (aka self-management). It may be that it's never a battle one can 'finally win'. All I can do is to catch impulses that might drive me to stray outside of my methodology, and overcome them. This sounds simple but it's not easy. It takes time and much practice. From what I see out there, most traders talk about their successes and probabilities for gains in the market. Sharing of the really more important stuff in the realm of the psychological is uncommon. It would be nice if new traders especially, can share stories that are resemble any of the above.
Education
by Captain_Walker
Price Action Lesson 6: Shooting Star Candlestick Pattern Def.Shooting Star Candlestick Pattern Definition: When the price highly increases during a day, but decreases to what it was at the beginning of the day or even lower, a considerable bearish retracement is occurred. The candlestick of this price action in the daily time frame is a Shooting Star. The Shooting Star in the daily time frame is a very strong signal for the possibility of more decrease in price during next days. Example: The chart shows the price of Gold in the time frame of 30 minutes. On Sep 08, 2017 the price significantly increased from 1348.80 to 1357.53, then it decreased more, and at the end of the day to it was closed at 1346.07. The corresponding Shooting Star candlestick of this price movement in the daily time frame is also drawn on the chart to better describe the concept.
FX_IDC:XAUUSDEducation
by ForecastCity
1
Price Action Lesson 7: Conditions of a Perfect Shooting StarConditions of a Perfect Shooting Star: Body is short. The height of the candlestick (the difference between high and low price) is tall enough and it's more than the Daily ATR(264). The taller the Candlestick is, the stronger the Shooting Star. The upper shadow (also known as upper wick or tail is the distance between the high price and the close or open price, whichever is higher) should be very tall, over than 75 percent of the Daily ATR(264) is better. The lower shadow (also called bottom wick or tail is the distance between the low price and the close or open price, whichever is lower) is nonexistent or very short. It should be less than 25 percent of the Daily ATR(264). The Shooting Star with the bearish body is stronger than the one with the bullish body. - The picture shows a perfect Shooting Star candlestick . As seen, the height of the candlestick is tall, but the body is very short. Also, the upper shadow is very tall and the lower shadow is very short. The close price is lower than open price, therefore the body of this Shooting Star is bearish , and the strength is very high.
COINBASE:ETHUSDEducation
by ForecastCity
7
Price Action Lesson 4: Weak hammerWeak hammer: For having successful and steady transactions, Simple detection of market patterns is not enough. But with a deeper look, we should calculate the success possibility of each pattern. One of the determining power Parameters of hammer stick is about Descending or ascending that the body can be. Thus, if the body of hammer is ascending, Possibility of starting an ascendant wave is very high. The opening price of the day, is very important. This price - is the previous day's closing price, in fact it is the price that they had a war at in previous day where buyers and sellers come to equilibrium. So on the day that the Hammer is forming. If buyers can raise prices to the point of closing price of yesterday, and by the end of the day, they keep the price at the top of it, they will be the winners of the war. If we can raise the price above yesterday's closing price, they are not conclusive winners of today’s war, and this war will continue for the next few days. Thus, if the body of hammer is ascending, Possibility of the beginning Ascending wave is very high. But if the body of hammer is Descending, Possibility of the beginning Ascending wave is less. In this case, it is said a weak hammer has made. - The picture shows a hammer candlestick with descending body. . As what can be seen, candle’s height is tall, but it has very short body height. Also Lower Shadow is long, and the upper shadow is very short. . As regards the Closing Price of market is under its Opening Price, therefore the body of this hammer is Descending, and the power is very low. Possibility of the beginning ascending wave is less.
Education
by ForecastCity
14
Price Action Lesson 3: Hammer, The first sign of beginning ...Hammer, The first sign of the beginning Ascending wave: Hammer shows that the war between buyers and sellers, at the beginning of the day sellers could create significant reduction in price, with their high investments. But when the price had come to the lowest extent of it, many of buyers have entered with more investments than sellers. And again they could increase the price close to what it was at the beginning of the day or may even more. And at the war that was between buyers and sellers, the buyers have been the winners of the day, and the market is largely in control of them. Thus, the possibility of further price increases in the coming days is enormous. example: picture Shows, currency pair of EUR/USD -0.31% in a 30 minutes time frame. At the beginning, by increasing investments of sellers, the price became to 1.16886 But in this range with the arrival of large buyers to the market and overcome to turnover of shopping on sales transactions, the price increased again. Sellers could increase the selling price due to the amount of demand from buyers. The starting price is may be at 1.17495 but it increased by the end of the day to 1.17578. As what can be seen, after forming Hammer , an Ascending wave started and the Price have increased more.
Education
by ForecastCity
22