Hey traders,
In this post, we will discuss 3 classic trading strategies and stop placement rules .
I will teach you how to set a safe stop loss, relying on price action.
1️⃣The first trading strategy is a trend line strategy .
The technique implies buying/selling the touch of strong trend lines, expecting a strong bullish/bearish reaction from that.
If...
True support and resistance is found in the meat of the move, not at the extreme highs and lows. To find it, Simply draw a zone or box and look for the place that price touches the most, and then pay attention to what happens afterward.
In this lesson, I set up a trade plan and show how a Wash and Rinse structure at the pivot of a swing uses the most touches to...
This is the first in a series of posts on Gaps. Gaps are a sudden supply/demand imbalance that shows up in the price bars of a chart, It's the expansion that comes after a contraction. Gaps will show us a significant area of buyers/sellers that take control and when they lose that control.
In the video, I discuss and define a Wide Range Bar (WRB) Gap and show how...
What is a level breakout?
A breakout is the price's consolidation above a certain level followed by further movement in the direction of the breakout. But the immediate question that should arise in your mind is about the consolidation of price, as it might be difficult for inexperienced individuals to understand. However, there is nothing overly complex about...
I begin by explaining the Video Idea--> Using Multi-Timeframe analysis to put together a trade idea. MTF analysis is absolutely crucial for running a profitable trading business... It's something that takes some experience but once you understand the way in which all timeframes move together it's like an Aha moment. We look at 3 timeframes.. the 1Hr, 4hr and the...
In this video, I draw random lines on the chart to prove a point. I think we need to ask ourselves the following questions to become better traders:
How will I define support and resistance consistently ?
How will I use support and resistance in my trading?
Do I need support and resistance in my trading?
Is support and resistance a reliable measure for...
Main rules to consider when identifying a valid level of support ad resistance
Must have:
- 3 or more bounces
- The last interaction must be a bounce
- Must be more bounces than breaks
In this Video we breakdown the basics of Market structure.
We first answer what it is, then how to identify it, and then why it is important for anticipating moves in the market.
I have decided to start a short series of tutorials covering common instruments used in technical analysis.
In today's tutorial, we observe a successfully identified head and shoulders pattern on the 4-hour chart of Crude Oil, resulting in a substantial movement of around 17%.
Here's how to find the instrument: navigate to the left sidebar and select 'Patterns,'...
What are the best key levels to trade?
Last year I analysed more than 1500 key structures on Forex, Gold, Crypto and Indexes.
In the today's article, I prepared for you a list of 5 elements of a perfect support and resistance for trading.
As always, remember that the best key levels are always on a daily time frame. So all the structures that we will...
support and resistance levels are crucial concepts that every trader needs to grasp. These levels represent key points on a chart where the price tends to reverse its direction. By analyzing historical price action, traders can identify these areas and strategize their trades based on how the price reacts upon reaching these levels.
The Simplicity and Complexity...
RANGE BOX:
When the price is in a ranging market look for date of when the price was last in its range. Example above shows we had the range, a breakout above and then a break back inside the range. Draw a box around the range and then identify the buy area and the sell area. This stops you from trading in the middle of the range and getting chopped up by the...
Simple Trading Strategy - Generate your own take profit targets.
Today we're going to share with you a simple yet effective trading strategy that can be used on any instrument. Like any other trading strategy its not 100%, but, you can see from that illustration how effective it can be in keeping you in the right direction on a pair. You can add Moving averages...
If you want to trade Gold, but you don't know what strategy to trade, I prepared for you the list of 4 simple and profitable gold trading strategies.
Please, note that my list includes the indicator, swing, price action and smart money strategies, so you will certainly find the one that suites you.
Also, all the strategies will be strictly structure...
In the today's post, I will compare support and resistance levels with supply and demand zones.
I will explain to you the difference between them and share important tips and examples.
What are support and resistance levels?
We also call them key levels. These are particular levels on a price chart from where in the past we saw significant bullish or...
Unveiling the Art of Trend Analysis in Bitcoin Trading
Welcome to a comprehensive guide that will empower you with the skills to master trend analysis in Bitcoin trading. In this extensive tutorial, we'll explore every nuance of identifying trendlines, understanding structural points, and navigating the complexities of different market scenarios. Illustrated with...
• It is always important to understand who is in control at the moment, buyers or sellers, and be aware that the trend can change very quick so its key to adapt and don’t have a bias. After you know what the trend is, then you can mark a high probability support or resistance level in different time frames.
• In an up trending currency, a support will always have...
I have analyzed 1300 forecasts and signals that I shared on TradingView last year and found 95% accurate trading confirmation.
In this article, we will discuss multiple types of confirmations and their winning rate on Forex, Gold, Indexes, Crypto & Commodities.
First, let me introduce you to the types of analysis that I provided.
1 - Structure based...
