Looking an short this week, but patient take the rules
I wouldn't take a short on the USDCAD yet, they could easily sweep last weeks Wednesday high. What we are seeing currently in the USDCAD is a test of the recent swing highs and lows, which could indicate the Market Makers are building a book of orders. I would wait for the price action to get out of the consolidation and for there to be a larger displacement with...
HIGH LEVEL TRADE PLAN HTF Objective -> MTF POIs -> LTF Execution 1/ After HTF BOS, expect HTF Swing pullback - Mitigation of HTF supply - HTF CHoCH/i-BOS - Target HTF demand in discount 2/ You must wait for a MTF POI mitigation before looking for LTF entry model, otherwise wait for MTF CHoCH/i-BOS to form fresh MTF POi. The latter is recommended when trading...
As a beginner in forex trading, there are three main basic factors you should focus on learning: 1). Understanding the Forex Market: *). Currency Pairs: Learn about major, minor, and exotic currency pairs. Understand how currencies are quoted and the significance of the base and quote currencies. *). Market Hours: Familiarize yourself with the forex market...
What is a leading indicator? A leading indicator in trading is a tool or metric used to predict future price movements in financial markets. These indicators provide signals about potential price changes before the new trend or reversal occurs, allowing traders to make informed decisions ahead of time. Leading indicators are particularly useful for identifying...
Candlestick Wick Meaning and Trading Strategies Understanding the subtle cues provided by candle wicks can unlock new dimensions in trading strategy development. These seemingly minor details offer profound insights into market sentiment and price action dynamics. This article delves into the meaning behind candle wicks and explores strategic ways to trade them,...
Hello, NVIDIA Corp engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The company is setting up for buy positions on the 6hour & bigger timeframes. I will be looking to buy the stock from...
Liquidity plays a vital role in shaping market prices, particularly among large market players such as banks, hedge funds, and other influential entities. These entities, often referred to as market makers, manipulators, and others, are driven by their pursuit of liquidity. In fact, liquidity is the foundation upon which successful trading is built, and it's where...
I like to look for prime scalping opportunities with my daytrading so need to have a solid understanding of price action concepts to not only find the winning trades but also keep out of the Traps!! Marking up the price action each day helps me refine my trading to put me into the 'right' areas for my trade setups. I like to use the 5min and 1min charts along...
Want to spot a turning point in trend before it happens? Use Elliott wave parallel channel This chart shows the GBP/JPY currency pair using monthly candlesticks. The advance from Sep 2011 to June 2015 can be labeled as an impulse wave (A). From that high, the pair declined in three waves labeled as wave (B) of a Zigzag A-B-C correction with an expanding diagonal...
Would you believe me if I told you the US & global markets (some) will rally more than 65% to 125% (or more) over the next 4 to 5+ years? You would probably call me crazy for even suggesting that will happen in a reasonably short time frame. But, what if I could show you how structurally (using Elliot Wave concepts and Fibonacci) this incredible rally may...
Hey traders, In this article, we will discuss 3 classic Fibonacci tools you must know for trading different financial markets. 1️⃣ Fibonacci Retracement Fib.Retracement is my favorite fib.tool. It is aimed to identify strong horizontal support and resistance levels within the impulse leg . We draw this tool based on the high and low of the ...
In todays video I show you guys how I screen for stocks with a bullish swing trade timeframe. Hope you enjoyed
In today’s article we will reveal one of the most powerful tools in cryptocurrency trading which often ignored even by top crypto traders. We are talking about fractals. Best crypto traders just use fractal levels to find support and resistance and trade bounces and breakouts. Spoiler - the fractal breakout is a right way to use it, but support and resistances...
In this video I give you the 3-step method I use to do my analysis. By incorporating these steps, it is also how I do my top-down analysis. You can think of it as a checklist as well. First, I have my Bias, which determines where I believe price is drawn to. For example in the case of SMC/ICT Concepts, we observe where the liquidity is in the market and use that...
Three of the Best MACD Trading Strategies The Moving Average Convergence Divergence (MACD) is more than just a mouthful—it's a versatile trading indicator that has stood the test of time. This article unpacks the intricacies of this indicator and dives deep into three specific strategies that leverage the MACD with other powerful tools like the Stochastic...
Greetings, fellow traders. In this article, we'll be reassessing our annual Elliott Wave counts and going deeper into interpreting Bitcoin's current decade cycle. I'll make sure to segment each part by drawing insights from the previous cycles, also employing the Elliott Wave Theory, and integrating major timeline events to bolster my perspective on Bitcoin's...