Fibonacci retracements are a great way to see if the market is changing trend or continuing in the same direction. Today we explore how you can use Fibonacci retracements in your trading. Disclaimer Notice This information is not intended as and does not constitute financial, investment, trading or any other form of advice. Should you use this information in any...
fibonacci retracements Disclaimer Notice This information is not intended as and does not constitute financial, investment, trading or any other form of advice. Should you use this information in any way whatsoever, you do so at your own personal discretion.
How to use Pivot Points in your trading , you can combine this with your moving average to put together a strategy
trades i missed on my FTMO funded account
these are the setups i look for on my FTMo account
M - market was in an uptrend then reversed and formed a head and shoulders pattern A - the right shoulder and 38.2 Retracement E - entry was late on the right shoulder but got in on better price E - on the neck line for 1:2 gain
M - Market is currently in downtrend A - price rejected the 50FIB and previous resitance. price is also touching a downward trendline E - Morning star candle forfamtion and engulfing E - previous lows
M - market is currently in a downtrend A - Price is at the 50 Fib, previous resitance and touching a desending trendling. E - engulfing on the 1 hour E - lows which we previously created
M - market made highs and failed to make higher highs. Price has now,declined and is on a downtrend A - price retraced to what can be considered two areas of value. First is the right shoulder formation and second is the 38% fib level. E - entry was on the engulfing candle stick rejection on the 38 fib level E - exit will be at 0% fib level
this is a trade which formed late last week and followed through at the open of the Market M - market could not break daily resutance to the upside and sold off. Market is currently in a down trend on both 4hr and 1hr A - price broke through a previous support now turned resistance and has not retested the same zone twice E - entry on Engulging. Pin bar or...
as of today i will be using trading view as my video journal for all my trades
M - market is in down trend. If price fails to make lower low and retraces to fib 38 or 50 level we could see a potential head and shoulders forming and could see price buy to the upside A - the area of value would be the right shoulder where we would enter long. E - entry would be a bullish engulfing , railroad track or candle which shows rejection off that...
A bit late on entry M - market is in down trend A - retested descending triangle E - Bearish engulfing E - 1-1
M - market is currently in uptrend A - price has broken above resistance and retested it E - bullish engulfing on resistance E - close 50% of trade at swing high and leave the other 50% to run Will close Thursday night if targets are not reached
M - downtrend A - after breaking the descending triangle price has pullback by two candles E - bearish engulfing E - to 50ema on daily chart
M - price is in uptrend A- price was bouncing off trend line and support, two confluences E - bullish engulfing on support E - previous swing high Will close 0.5% of trade at previous swing high and let the rest run