Patterns reveal probabilities. The right probabilities create opportunities. The right opportunities can create profits. Candlestick patterns help us to decipher the patterns of the market. They’re like little road signs on crowded streets. And with enough repetition, enough practice, you'll find yourself understanding the signs to take on great trading...
Shorts till 1995 and probably beyond. A BEARISH RISING WEDGE AND A BEARISH FLAG INFLUENCED BIAS
Fibonacci retracement levels work on the theory that after a big price move in one direction, the price will retrace or return back to a defined price level before resuming in the original direction. Traders use the Fibonacci retracement levels as potential areas of these reversal.
Bollinger Bands was developed by John Bollinger, a famous Technical Analyst. It is a a powerful indicator that measures how LOUD OR QUIET a market is. There are basically 2 strategies used when trading with Bollinger Bands. BOLLINGER BOUNCE & BOLLINGER SQUEEZE.
The basis of this strategy is that when a trend change is about to occur, the momentum rises fast and the smaller MA will pick up these changes faster than the larger MA, hence the cross. Note that: Both MA should be either pointing strongly at 2'oclock in bullish scenarios or 4o'clock in bearish scenarios to be valid
Moving Average is a popular and great indicator. It has lots of strategies attached to it. Of the pool of numerous strategies linked to it, I'll teach three main uses of the moving average of which I've observed to be most effective. WORKING PRINCIPLE OF THE MOVING AVERAGE Moving Average is an indicator that calculates the average closing price of a particular...
A trend line is a line drawn across a price chart in sync with price action to mark out the direction of a trend. The trendline is an important technical tool that can be very helpful in predicting moves in the market. Trendlines help detect possible swing points in the market which can be used to make good trading decisions.
Support and resistance is the basis on which every other technical tools is validated. Supports levels are levels normally drawn below market structure showing regions where demand is highest and buyers are strongest. So when a markets get to an obvious support level, the buyers are expected to react and we should be looking for longing opportunities. 🍴 On the...
A candlestick depicts the graphical representation of price movements for a given period of time. They are built on the basis of four elements of data; 1⃣ Opening price at a given time ✅ 2⃣ The Highest point price attained during the period of time the candle was formed ✅ 3⃣ The Lowest point price attained during the period of time the candle was formed...
FORMS OF MARKET STRUCTURE 🧑🎓 There are two major forms of market structure: 1. Trending market (market either heading up or down) 2. Ranging markets (market moving side to side) It's important to know these market structures because they provide the best opportunities for money making Very very important to note, we have one more type of market structure we...
Price charts can be represented in lots of ways based on preference of the trader. Some of the popular ones include: 1) Line chart 2) Area charts 3) Kagi charts 4) Bar charts 5) Candlestick charts Every trader is entitled to whatever type of chart he wishes to analyze the market with.
Strong buy signal on XAUUSD to take a ride till 2070. Watch vid for full insight
The EURGBP is in an obviously range in the weekly. We also see the descending channel which is a bearish continuation pattern.
IDENTIFYING A TRENDING MARKET Identifying the trend of a market is one of the most important technical skills. Identifying the trend of a market entails ability to decipher the direction of a market. The markets can either be trending upwards or tending downwards. Trading with the trend is one of the safest trading techniques. And it is as simple as looking for...
IDENTIFYING A TRENDING AND RANGING MARKET
How to set and modify your TP and SL zones
Limit orders: To avoid unnecessary retracements Stop orders: For continuation