Trend following - a different way.As folk who follow my posts know, I don't keep any secrets.
I explain some of my methodology in this chart. It is bespoke.
To be 100% clear, this will not work 'for you'. No methodology works 'for you'. You work the methodology through experience to create your advantages. I'm not saying that people should change to this way. I do not interfere at all with what traders want to do in their favoured methodology. There is no one road to the promised land.
Controlling loss is the highest priority. The markets are there to 'eat you alive'.
Price action is an important part of all this. As well, it is important to understand your particular market and learn its ways. Oh yes - with time you can come to figure out certain probabilities that may not be shown in the 'technicals'.
What you see in this chart can be done on any time frame from 3 min to 1-day. I can't explain everything in one chart. I've done videos on this before.
Note carefully: I do not sell anything. I do not do trainings or take anybody's money. I do not sign up to any services. I do not provide evidence of winnings or losses.
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Trendfollowing
GBPUSD 228 Pips 💵💵💵😊💵💵💵📙Cable moved exactly as we predicted😊 I'm hoping everyone did very well💵💵💵😊💵💵💵 and banked a lot of during this (w-x-y) pattern of (x)
📙What Next Now ? 😊
📙Don't worry if you are not in yet 😊 just validate this pattern then ride with the rest.
📙Trading Cable is very easy once you know where Cable is going and for how long😊 All you have to do is jump in at the end of the correction , take your emotion out of the market then let your winners run 💵💵💵😊💵💵💵
📙Remember that Cable has a tendency of moving in an (A-B-C-D Pattern) usually spotted in smaller time frames.
📙Once you spotted ( A and B ) make sure you jump in at the end of ( C ) then Take your profit at ( D ) 💵💵💵😊💵💵💵 very easy as it says " A-B-C-D"
📙Please, make sure you validate this pattern before jumping in😊
📙All the best 💵💵💵😊💵💵💵
TradeFab's Pivot Reversal Strategy Bot @ 15min XBTUSD Highlights of the video showing TradeFab's Pivot-Reversal strategy V3.12 in action trading XBTUSD @ 15mins:
study script which can be backtested and allows to generate alerts for fully-automated trading
current script support fully-automated trading via Alertatron - alert messages are pre-defined
built-in backtest engine results are clearly shown in a label, including current position size and status
strategy support profit-targets, trailing-stop, stop-loss; up to 5 positions can be entered (pyramiding)
script allows to include trading fees and slippage
Hope you enjoy the video. Please contact me for any questions or if you want to get access to the script.
GBPCAD Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: GBPCAD is sitting around strong resistance in blue and brown trendline so we will be looking for sell setups on lower timeframes.
on H1: GBPCAD is forming a trendline in red so we are waiting for a new/third swing to form around it to consider it objective/valid.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone.
As price approaches our lower green support, we will be looking for buy setups.
Good luck!
EURTRY Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on H4: EURTRY is sitting around strong trendline in brown so we will be looking for trend-following buy setups on lower timeframes.
on H1: EURTRY formed a trendline in red.
Trigger: Waiting for a momentum candle close above the gray area to buy.
and until the buy is activated, this one would be overall bearish and can still dive a little below the brown trendline.
As price approaches our upper green supply, we will be looking for sell setups.
Good luck!
GBPAUD - Reverse Ascending TriangleI've shorted this pair not just because of a reverse ascending triangle setup, look at it's the weekly chart(right), the strong bearish engulfing candle is a piece of bad news for this pair. I'm heading in as a trend trading and a trend following approach.
You need to be bold to trade the GBPAUD, I don't aim for short-term trade or small profits on this pair.
GBPUSD 265 Pips 💵💵💵😊💵💵💵📙Cable decided to give us a beautiful ( w-x-y ) pattern I'm hoping everyone did very well💵💵💵😊💵💵💵 and chaw a lot of pips.
📙What Next Now ? 😊
📙Don't worry if you missed this bull move😊 just validate this (x) wave then if prove valid, expect bears to get on boards for (y) wave.
📙Please, make sure you validate this pattern before jumping in😊
📙All the best 💵💵💵😊💵💵💵 and lovely Christmas👍👍 💵💵💵😊💵💵💵
FRESH short signal on the EURUSD Daily chart. My long term trend following model just spat out a fresh EURUSD signal. The signals take price/time inputs exclusively, and involves an initial 'headfake' filter and then requires confirming momentum within a certain timeframe before signaling. EURUSD, GBPUSD, and EURGBP are all very much in play given the recent COVID developments in the UK, as well as BREXIT talks. As you can see from the image the signals aren't bang on all the time, but produce excellent risk reward when they pay.
GOLD - Don't Sell Now! - Video Top-Down AnalysisHello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: GOLD is sitting around strong resistance 1900 in blue and brown trendline so we will be looking for sell setups on lower timeframes.
on H4: GOLD is forming a wedge pattern in red so we are waiting for a new swing to form around it to consider it objective/valid.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone.
As price approaches our lower green support, we will be looking for buy setups.
Good luck!
Bitcoin On Fire!Bitcoin broke the previous all-time high and the $20,000 round number on December 16th and created
a new record high on December 20th at $24,298. It took 3 years for price to revisit this level and we may
see price move on up towards the $30,000 round number or we may even see another sharp decline.
Cryptos are very volatile and very hard to get an idea of where price may be heading next but price does
tend to respect major levels of support and resistance.
After seeing some strong moves last week, this week is looking bearish so far and we may even see price
move down to retest the $20,000 round number or the previous all-time high.
As the consolidation period lasted for 3 years and we finally have a breakout, we can expect to see a strong
continuation in the direction of the breakout but as I have mentioned above, cryptos can be volatile so we
need to tread with caution here.
As Bitcoin is looking bullish, we should see the other Cryptocurrencies follow suit.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
S&P Creating Record Highs and Flying!Following on from the breakout of $3588 on November 24th, price appears to be forming a linear bullish
trend. We can identify this when price uses the 20sma as support/resistance as this indicates that the
pullbacks are shallow and short in length of time.
The most recent consolidation period (shaded area) lasted from September 2nd to November 24th and
this occurred following price making a record high. Now that price is creating record highs again,
we want to be mindful that price could consolidate once again.
This does not mean that we stand aside but it does mean we have to tread with caution and enter into
positions gradually so that a lot of our capital does not get tied up in losing positions.
As long as price goes on to create higher highs and higher lows then we should see price move towards
the $4000 round number. We then need to see if this psychological level will act as a strong level of resistance.
We are pretty much bullish in our portfolio and we will continue to look for high probability opportunities and
compound on the profitable assets that we have running.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
USD/CAD SELL SIGNALHey tradomaniacs,
welcome to a new free trading-setup.
USD/CAD: Daytrade-Execution
Market-Sell-Order: 1,28750
Stop-Loss: 1,29380
Point Of Risk-Reduction: 1,28195
Take-Profit: 1,27100
Stop-Loss: 63 pips
Risk: 0,5% - 1%
Risk-Reward: 2,72
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
GBPUSD 486 Pips 💵💵💵😊💵💵💵🅶🅷🅾🆂🆃 _ 🆃🆁🅰🅳🅴🆁 _ 🆂🅰
📙Cable moved exactly as we predicted😊 I'm hoping everyone did very well💵💵💵😊💵💵💵 and banked a lot of pips last week.
📙What Next Now ? 😊
📙Don't worry if you missed the double top entry to ride with the bears 😊 just validate this small correction they ride with the rest.
📙Trading Cable is very easy once you know where Cable is going and for how long😊 All you have to do is jump in at the end of the correction , take your emotion out of the market then let your winners run 💵💵💵😊💵💵💵
📙Remember that Cable has a tendency of moving in an (A-B-C-D Pattern) usually spotted in smaller time frames.
📙Once you spotted ( A and B ) make sure you jump in at the end of ( C ) then Take your profit at ( D ) 💵💵💵😊💵💵💵 very easy as it says " A-B-C-D"
📙The only reason I shared this very productive knowledge it's because I believe that Forex knowledge is FREE and should not be sold for profit😊 if you're following me or just reading this post idea I'm hoping you'll do the same to your followers😊😊 Make money trading Forex and not selling FREE knowledge to less privileged people.
📙Believe me God🙏 will bless you more than you expected, if you share Forex knowledge for FREE and stop being SELLFISH 👉🧍
📙Please, make sure you validate this pattern before jumping in😊
📙All the best 💵💵💵😊💵💵💵
EURUSD-Weekly Market Analysis-Dec20,Wk4EURUSD shows a bullish run across all 3 timeframes, namely the daily, 4-hourly and 1-hourly.
Planning for a trend-trading strategy, I'll be looking at the bottom of the channel and wait for my confirmation candle for a buying opportunity.
Target will stretch out to previous high and a target extension level.
CADJPY Sell Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: CADJPY is sitting around strong non-horizontal resistance in brown so we will be looking for sell setups on lower timeframes.
on M30: CADJPY formed an objective trendline in red and a head and shoulders pattern so we are waiting for a momentum candle close below its last swing and neckline to sell.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish.
As price approaches our lower green support, we will be looking for buy setups.
Good luck!
GOLD waiting for high probability setups to formHello everyone, if you like the idea, do not forget to support with a like and follow.
on H4: GOLD is overall bearish trading inside this big brown trendline.
However, it is currently sitting in the middle of nowhere.
So we will be waiting for GOLD to approach the upper brown trendline and blue resistance 1900.0 in blue to look for trend-following sell setups on lower timeframes (M30 and H1)
OR
we will be waiting for GOLD to approach the lower brown trendline and green support 1800.0 in green to look for buy setups on lower timeframes (M30 and H1)
Good luck!
EDUCATION _Trend duration All trends can be divided by:
short-term;
medium-term;
long-term.
To determine the duration of a trend, you need to use senior timeframes. In classical theory, trends are divided into annual, monthly and daily trends. For scalping, as a rule, we have enough:
define a long-term trend on a 1-day chart;
medium-term trends will be 1-4 hours;
short-term trends at 5 and 15 minutes.
Thus, we can see the picture, when a single long-term trend consists of several medium and short-term trends. This is often the mistake of beginners. They put one frame, like 5 minutes, define trends, but forget to define medium- and long-term trends. And then they wonder why this price has suddenly turned around at 5-minute. That's why on another timeframe the picture looks different.
Say, what do you see on these 5 minutes?
Does the price, like an abnormal price, fall down after a side movement? Absolutely.
Thus, we can see the picture, when a single long-term trend consists of several medium and short-term trends. This is often the mistake of beginners. They put one frame, like 5 minutes, define trends, but forget to define medium- and long-term trends. And then they wonder why this price has suddenly turned around at 5-minute. That's why on another timeframe the picture looks different.
Say, what do you see on these 5 minutes?
Does the price, like an abnormal price, fall down after a side movement? Absolutely.
the same chart looks like on the 4-hour time frame:
It is very important to understand where we are in the trend.
You can see the types of trends in this post:
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