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Ascending Triangles are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the...

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Descending Triangles, Triangles, Ascending Triangle and Ranges are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the...

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Price had a daily breakout. 1H chart shows bullish move. Price is currently in a bearish 1H pullback. Fib level drawn on 1H bullish swing low to swing high. Waiting for price to retrace bearish from 38.2% to 61.8% fib levels. Waiting for Price to breakout above descending 1H trendline. Buy on a 1H close above 1H trendline. TP is -61.8% fib level @ 1970 Find your own SL

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Ascending Triangle An ascending triangle consists of a strong resistance level. Strong levels are usually pretty obvious. There will be lots of wicks and bodies that touch a horizontal trendline. A trendline is not just a line but it is always a zone. So you can expect the price to push through the level sometimes. Other times price will just approach the...

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Pin Bars This price action strategy will focus entirely on a price pattern called pin bars. This candle is simply the price hitting a certain level and being “rejected” from it. This bar has a long tail on it with a small body. There are different types of characteristics for a particular pin bar. For instance, the long end of the candle is the wick, while the...

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ATR PRE-ENTRY STRATEGY The Average True Range or ATR is a measure of volatility. Volaltility = the amount the price of a market moves around. The highly volitile GBPAUD moves in hughs jumps. It can move a few hundred pips in a single day. You can win or loss a bunch of money of the GBPAUD. EURCHF is a very low volaltility market. Possibly 50 pips in a single days...

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Bear Flag is a form of range chart pattern. Ranges are repeatable trading chart patterns. Flag Ranges are consolidation chart patterns that have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart...

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Tim's MA=X trade mgmt Standard Trade Management Rules 1) If, after entry, the candle closes back on the opposite side of the 20EMA, close for a loss 2) Full Size Position if Vol >= 100% vol avg 1/2-Size Position if Vol >= 75% vol avg 3) Stop-Loss = 1.5 X ATR 1st Target = 1 X ATR 4) 1/2 off at 1st Target for profit - move Stop-Loss to break-even on remainder

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WHAT IS AN INSIDE CANDLE 1. Previous candle engulfs next candle 2. 2nd candle high is lower than 1st candle 3. 2nd candle low is higher than 1st candle INSIDE CANDLE METHOD 1. Incoming Trend 2. Inside candle - Opposite color 3. Enter Break of Engulfing Candle Inside Candle method is a great short term consolidation indicator. If your trade plan contains...

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INSIDE CANDLE STRATEGY What is an Inside Candle 1. Previous candle engulfs next candle. 2. 2nd candle high is lower that 1st candle. 3. 2nd candle low is higher than 1st candle. INSIDE CANDLE METHOD 1. Incoming Trend 2. Inside Candle – Opposite Color 3. Enter Break of Engulfing Larger Candle Inside Candle method is a great short term consolidation indicator. If...

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Descending Triangles, Triangles, Ascending Triangle and Ranges are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the...

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AVOIDING FALSE BREAKOUTS 1. Declining Volume and ATR/Volatility. 2. Candle Close Outside the Consolidation 3. Significant Volume on the Breakout. 4. If You Get Head-Faked, Close the Trade. How to Avoid False Breakouts Prevent a Head Fake You can't avoid every false breakout. There is no magic formula. There is no way to know what the market is about to...

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Wedges are a form of Range pattern & Ranges are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Ascending Bearish Wedge and Descending Bullish Wedge chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the...

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Triangles, Descending Triangles, Ascending Triangle and Ranges are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the...

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Step #1 Identify a Ranging Zone Regardless of the time frame used, we define a ranging zone as comprised of two equal highs and two equal lows. Well, the lows and highs don’t need to be equal. But, the closer they are, the more defined our trading range would be. And, the more defined our range is, the higher the chance of a breakout and subsequently to experience...

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Bear Flags are a form of Range Chart Pattern & Ranges are a repeatable trading chart pattern. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside...

Tradingstrategyguides

Triangles, Descending Triangles, Ascending Triangle and Ranges are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the...

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Using a set amount for SL and TP for different pairs and time frames is not effective money management. Using the ATR for a specific pair and time frame lets you custom yur SL & TP for what that pair actually moves. ATR 1D takes the last 14 candles and adds up then up together and then divides that figure by 14. Now you have an average of how much that pair moves...