This is a simple Break and retest strategy in video, explaining how you can also take advantage of price action to take profitable trades in the market. This trade was executed live on June 2, key things to note 1) Always look at the higher timeframe to guide you, as you can see following our monthly projection for the month of June we already knew we wanted to...
Hey traders, In this post, we will discuss 3 simple and profitable types of a triangle pattern. 1️⃣The first type of triangle is called a descending triangle. It is a reversal price action pattern that quite accurately indicates the exhaustion of a bullish trend. Setting a new higher high the market retraces and sets a higher low, then bulls start pushing...
Hey traders, In this post, I will share with you my strategy to apply a trailing stop. Please, note that I am applying a trailing stop only in trend-following trades and only when a trade is opened on a key level. I trade price action patterns, so the following technique will be appropriate primarily for price action traders. Moreover, my entries are strictly...
Hey traders, Inverted head and shoulders pattern is a classic reversal pattern. It signifies the weakness of buyers in a bearish trend and a bullish accumulation. ⭐️The pattern has a very peculiar price action structure: Trading in a bearish trend the price sets a lower low and retraces setting a lower high (left shoulder), then the market goes lower setting...
Resistance level is at price 118.71. Bull candlestick closed above 118.71 price level. Resistance level is now support. Next, wait for a rejection candlestick or pin bar candlestick to retest support level at 118.71. Enter a market execution order after the candlestick completely forms into a rejection candlestick or pin bar candlestick.
Hey Guys! As traders, we always want the sense of being one step ahead of the market. In other words, what's happening with current price should not be of consequence to your trading. It's just another bit of information that's added into your analysis of what will happen next. Now the polar opposite of this situation is chasing the market. Where a trader is...
Hey traders, As you asked me, in this educational post we will discuss some price action basics. No matter whether you are a fundamental trader or a technical trader you should be able to execute trend analysis. You should always know where the market is going; if it is bullish or bearish. One of the simplest ways to execute trend analysis is to perceive a...
Hey Guys! The world markets are on a wild ride at the moment. With urgent news being released by the day. Traders around the world are trying to guess the next fundamental news to be released and further guess how the markets will react. The world markets become a huge guessing game arena.... Now, that's fine if that's your cup of tea. The adrenaline rush or...
Hey Guys! I just wanted to post a quick tutorial on how to find legitimate Head and Shoulder patterns. In this lesson, I explain the 5 rules that a Head and Shoulders pattern must abide for it to be legitimate. Here's the rules: #1 Both necklines must be parallel. #2 The main neckline cannot be broken out of surpassed before the right shoulder's price level...
Hey Guys! When it comes to price patterns, there are many. I mean, look up "price patterns for trading" on google and you'll find countless variations. Just like in the movie "A Beautiful Mind", where Russel Crowe's character locates patterns in Russian Codes; a price action trader, can find endless variations of patterns on their charts. However, these...
Hey Guys! I know price action trading can be somewhat a mysterious and confusing style of trading. So I just wanted to jot down the basic characteristics of price action trading to help clarify this ambiguous trading style. #1 Price action trading only uses price action to make trading decisions. No indicators, fundamental analysis, intermarket analysis, etc......
First you must have a clean consolidation which you are anticipating that it will be taken once market come up. Secondly you must have an old low Significant OB which market is chasing it(magnetic) and you know that after market taken out that old low then it will reverse quickly to come up to attack your consolidation. And finally you will investigate if...
Here's a tutorial on how to trade bullish channel using price action. So when we see price ranging in a channel, we suppose to trade as per breakout or wait for retest entry. Here in BITCOIN when price broke down channel support we'll wait for retest and when we don't see retest and simply price reverse here we'll plan for bullish entry and call it as bullish...
Price Action Definition #2 Hello My Dear Traders... I Am A New Trader... Not Too Long In The Game... But Just Starting Out On Social Media To Help Grow Myself As A Price Action Trader I Am New To Trading View And I Am Hoping That I Can Fit Right In And Hopefully Make Some Great Educational & Analytical Content With Accurate And Understandable Information... Thank...
Price Action Definition #1 Hello My Dear Traders... I Am A New Trader... Not Too Long In The Game... But Just Starting Out On Social Media To Help Grow Myself As A Price Action Trader I Am New To Trading View And I Am Hoping That I Can Fit Right In And Hopefully Make Some Great Educational & Analytical Content With Accurate And Understandable Information... Thank...
Hey Guys! As you guys know I aborted 2 short entries on the NZD/USD pair yesterday to minimize my losses. In this lesson, I'll explain how I knew to abort the short entries early by reading 1 minute price action and thus minimize the loss. Enjoy! Have a great day! Ken
After price closes above a resistance level, then resistance level becomes support. Next, watch for a price action signal in the form of a pin bar, rejection candlestick, or engulfing bar. Enter at the closing price of the candlestick. H1 H2 H3
Hey Guys! As you guys know the current NZD/USD daily bias is short. Or in other words, price is likely to reach 0.6591 before reaching 0.6731. So on my last post, I mentioned I took a short entry at 0.6722 with a stop loss at 0.6591 with its main target at 0.6591 for the time being. In this Price action lesson, I just wanted to briefly explain how I read price...