Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Today's video will be about the Candlestick Chart : Reversal Patterns. So lets start by talking about the different types of Patterns : Bullish Reversal Patterns ...
What do you see on attached one hour EurAud price action? (you should write down your answers to as many as you can)-Commonsense Here are some questions to ask yourself? (Yes, there are other questions to answer) - its the only way to trade Forex for the long term. 1) Any sideways price action? 2) Any downward price action? 3) Any upward price action? 4) What...
From this chart, can be found that Bullish Shark Within Bullish Channel. This one of example for Bullish Retracement Patterns within Bullish Trend Channels shown in Harmonic Trading: Volume Two, Page 124 until Page 126 written by Scott M Carney. Bullish Harmonic Pattern in Bullish Channel or Ascending Channel may indicate continuation pattern in Channel or rather...
what i project next week move is for EURGBP to make short term pullback and continue with it's down trend.. for more analysis join free setups daily
Elliott Waves (How To Trade): Rules and Guidelines Rule 1: Wave 3 Is Never the Shortest This rule means that Wave 3 is always longer than at least one of the other two waves (Waves 1 or 2). Usually, Wave 3 is longer than both these waves. You should never look for Wave 3 to be shorter than both the other two waves. At times, Wave 3 may end up to be equal in...
1-2-3-4 Forex Reversal Trading Strategy A 1-2-3-4 reversal chart pattern is build up of 4 definable points, known as point 1, 2 , 3 and 4. A typical 1-2-3-4 chart pattern is best traded after a strong currency pair up - or downtrend and can be defined by an easy set of trading rules. A trader can confirm the reversal trade using a technical indicator such as DMI...
A 1-2-3-4 reversal chart pattern is build up of 4 definable points, known as point 1, 2 , 3 and 4. A typical 1-2-3-4 chart pattern is best traded after a strong currency pair up - or downtrend and can be defined by an easy set of trading rules. A trader can confirm the reversal trade using any technical indicator such as DMI or MACD (or others). 1-2-3-4 Basic...
Yikes crypto! Where was the Resistance we talked about last week? Also, does crypto have "intrinsic value"? September is historically the worst month for stocks and this one seems to be in line. Why you just gotta cut losses!
Weekly Market Maker Cycle: On a 1 hour or 4 hour chart, you should be able to find this weekly market maker cycle. If you know what Big Money/Smart Money is doing, trade with them. The cycle starts on Monday and ends on Friday, MM (Market Maker) will mostly trap traders on Monday, everyone is back on screens and is expecting a highly productive week of trading. ...
Yes, this is risk management. Without proper risk management, your trading strategy based on levels, indicators, patterns, etc.will not make any sense. Any trading strategy should be supported by strict risk management, where the maximum allowable losses per transaction and the risk ratio are observed:the profit is always more than 1/2. You don't have to be...
It's extremely important to look at price action where you are looking to place your trendline. What I like to first start off is with looking at the areas where we have seen either gap up or gap downs. Starting at the most significant relative area to my analysis, I will continue that line, scoping out other gap areas if within reason. Some are very obvious....
Here are some of the average profits and losses of the client of a Forex broker: From the 01/03/2014 to the 31/03/2015 FXCM accounts on the GBPJPY: - Average winner was 39 "pips" ("percentage in point" that are not percentages in points - Average loser was 64 "pips" In that period the GBPJPY ATR was: - On daily candles 140 "pips" - On 12 hour candles 90...
I made this video upon request of a friend of mine Shoutout to Carlton Flowers. Trying to explain in the video the charts that I am monitoring on a daily basis.
Education excerpt: Relative Strength Index General information The Relative Strength Index ( RSI ) is a momentum oscillator that was introduced by J. Welles Wilder in an article published in Commodities magazine in June 1978. The Relative Strength Index measures the velocity of directional price movement and is commonly used in conjunction with a daily bar chart....
One of the simplest ways for trade selection and execution is the utilization of channels. Its relatively easy and maybe that's the problem. People generally want complicated methods and I am yet to understand why? This system uses phycological levels/ numbers. These are areas of great interest for a majority of people. The round number I have always believed is...
We realize that sometimes you just want to get your charts out to people as soon as possible. With the Tweet Chart Image feature, now you can! As illustrated above, simply choose "Publish" then "Tweet Chart Image" and you'll be able to tweet the image out directly from your Twitter account to get that critical analysis to your followers fast! What's that?...
FOREX TRADING COURSE 101 - Lesson 10 - Hot to understand and trade CONSOLIDATION inside a TREND for better trading success!
I have always been bullish with cryptocurrency, especially in BTC even though many will argue that it has not much of a usage apart from just transaction. But BTC has and will be the leader since it has garnered the most attention from the institutions and even countries like El Salvador. Mores o, Citibank has come out with the current report on cryptocurrency,...