Here I am, sitting back with a cool bubbly, not a worry in the world. My BTC trade is 3.2% in profit already, yet the current price is near where I started... How could that be? Maybe BTC will go up, maybe it won't, it's not me worry. I'm likely to make 6%, 7%, 8% or more on this trade regardless, but even if I'm off a bit... I'm 98% sure I'll walk away with...
Using proximal and distal lines to mark channel extremities takes emotion and guess-work out of swing trading! Furthermore, using multiple timeframes allows for more accurate timing and thus more control over risk/reward. As can be seen here, proximal and distal lines were used to highlight reversal areas on both the top and bottom of the channel. Then, using a...
Understanding structure and change in structure and pattern formation. I hope this educational post is helping...
Bearish symmetric pattern formed for a long term view
The Pin Bar Setup I bet you have seen many pin bars on your Forex charts. Maybe you haven’t been aware that you are looking at a pin bar formation, but you most likely have come across this candle on the chart Bullish Pin Bar A valid, tradeable bullish pin bar is located at the end of a bearish trend and its lower candle wick goes below the overall price...
Here an outlook over some patterns that are very common in trading. Some may not be as visible in real time trading, but after some time you will get used to see them right away. Let me know if you like them or if I should add more
Hello Friends, Welcome to the series of Lesson 6. In Lesson 6B, we are going to learn the Ascending Triangle breakout pattern. This is more of a continuation pattern rather than the reversal pattern as oppose to the Falling Wedge pattern that we learned in Lesson 6A. Lets get straight into the topic. Please be very careful. We will be referring to the chart...
In this video I look over a few indices and the VIX. There is a problem i.e. the news is saying one thing, but the charts are showing something rather different. I look at some trendlines, channels and patterns. After many years in trading I'm no longer obsessed with the names of various patterns. The overall pattern is what interests me more. The news is...
There are two trading strategies on above Mentioned corrective patterns. 1. Entry before breakout, this strategy based on bullish divergence and RSI and other Oscillators may help to know when correction period is about to end. Look always for oversold 2. Entry after breakout, this strategy simply based on breakout of corrective pattern 3. Stop Loss, stop...