Saw an opportunity to go short and the move played out well. Using market structure and trend I was confident enough to place the trade with low risk and high RIO.
A couple of days ago I posted an analysis based on the pair Nas100, in which I broke down my analysis, shared my thoughts and trade ideas, and opened up a trade.
On Nas100 I find it better to; use the Weekly for market structure and market type. Use the Daily for my major support and resistance levels, trend, and sometimes structure. The 4hr is for entries, but I make use of chart patterns and candlestick patterns combined with 4h zones, where applicable to entre trades to.
Using the weekly for structure and using the weekly to plot support and resistance levels or optimal trading zones. Making use of two timeframes one for structure and zones and the second for entry and trend ( you may go lower). When price is at an area pay close attention to trend, candle formations, and structure.
An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows. The Hanging Man is a bearish reversal pattern that can also mark a top or strong resistance level.
Using support and resistance levels combined with chart patterns creates a good strategy but it's not a strategy that you will always use. Being able to plot out support and resistance levels on different time frames can help improve your trading.
This is how I identify market structure and then thereafter I can identify trend.
1. Indicator- 50 EMA 2. Identify market type. 3. Identify market structure and market trend. 4. Draw up support and resistance levels, and if applicable make use of chart patterns. Conditions: Market type and market structure should be identified on a higher timeframe. Price must be above the 50 EMA for buys and below the 50 EMA for sells. Entry: When price is...
trade live trade open and closed of profits. This trading strategy is based on break and retest strategy.
Easy strategy to use. Follow the trend and market structure.
This is the best 1hr strategy ever. There are 3 basic rules for this strategy: 1. The only indicator you will need is the 20 period EMA. 2. Identify the market structure and market trend. 3. Downtrend market price needs to cross the 20 EMA and the next closure of candle must be red and it either needs to close below the low of the precious candle or it is a red...
This strategy makes use of the EMA and the closure of candles. Trend is vital for this strategy as extra confluence to place the trade.
I explain aupport and resistance based on my own understadning and how to identify these areas and how to possibly trade from those zones.
This is a video on support and resistance and how to identify and use the zones or areas
This reversal strategy is used at areas such as demand and supply zones, which often forces the market to reverse.
It is important that you have correct indicators for this strategy; 20 EMA and the ATR.
Firstly we focus on trend and market structure because we do not want to trade against the market unless it's a pullback, and we want to be on the right side of the market when entering a trade. We analyze on a higher timeframe and execute on the lower timeframe because we catch big moves earlier and we can have a better risk to Reward ratio. Secondly, we draw up...