1 - Find a Modified Double bottom forming W Pattern.
2 - At Neck of W draw resistance line.
3 - Enter the Trade at breakout of the neckline.
4 - Use measurement tool for a 1 to 2 risk reward projection to find SL & TP
Ranges are repeatable trading chart patterns.
Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout...
Step 1 - Add Big Three Indicator to your chart.
Step 2 - The Trend is up if Price is above the Blue 80 sma line.
Step 3 - ENTER TRADE when price has closed above Blue 80 sma line and Long column is Green.
Step 4 - SL below the bottom of all 3 moving averages
Step 5 - #3 CLOSE OUT TRADE when Big 3 Neutral Column turned Yellow at this candle close
RSI 80-20 TRADING STRATEGY SHORT TRADE RULES
1 - Find Highest candle in the last current 50 bars.
2 - That High candle coupled with RSI above 80 level.
3 - Wait for a new Swing HIgh but RSI is lower - DIVERGENCE.
4 - ENTER on breakout candle close below 1st candle's low.
5 - Stop Loss above new swing high.
6 - EXIT with a 1 to 3 risk reward Take Profit.
Add RSI...
Rule #1: Draw a channel on a 1 or 4 hour chart.
Rule #2 Identify If there is a Breakout on 1 hour or 4 hour chart.
Rule #3 Wait for a Pull Back on a 15 minute Chart.
Rule #4 After Pull Back on 15m, Make Entry.
Rule #5 Find a Stop Loss Placement.
Rule #6 Ride The Rabbit Trail to 50 pips with a TP Order!
Rule #1: Draw a channel on a 1 hour or 4 hour chart.
The...
These are the rules for a long trade signal using the 9 ema 30 wma trading strategy:
9-period EMA must be above the 30-periods WMA .
The two moving averages need to be apart from each other.
The first bar that closes below the 9-EMA will be used as the trigger bar for the buy setup.
Place a buy limit order above the high of the trigger bar.
Note* the bar that...
Volume Trading Strategy
This volume trading strategy uses two very powerful techniques that you won’t see written anywhere else. These are trade secrets that we’ve only been taught to professional traders.
The Chaikin indicator will dramatically improve your timing and teach you how to trade defensively. Having a good defense when trading is absolutely critical to...
Fractal Trading Strategy Steps: The Fractal Trading Techniques
Step #1: Apply Both Fractals and Bill Williams Alligator Indicator on Your Chart
The First step you are going to want to do is, of course, throw these important indicators on your charts. As I have said, they do come standard on every trading platform that I am aware of so this should be very simple...
These are the rules for a long trade signal:
9-period EMA must be above the 30-periods WMA.
The two moving averages need to be apart from each other.
The first bar that closes below the 9-EMA will be used as the trigger bar for the buy setup.
Place a buy limit order above the high of the trigger bar.
Note* the bar that closes below the 9-EMA needs to remain above...
This is the Shooting Star version of the strategy. Inverted Hammer just opposite.
Step #1: Attach the Chaikin Money Flow Indicator on your Preferred Time Frame
Start first by preparing your charts ready for the battle. Simply attach the Chaikin Money Flow indicator on your favorite time frame. This is the only additional technical tool we’re going to use to...
The second simple Renko Trading Strategy system is an indicator based strategy that uses price-momentum divergence to identify trend reversals.
Renko Trading Strategy #2
For this Renko trading strategy, we only need to use the RSI indicator. We can use a 14- period or a 20-period RSI indicator. So, use the same period as the ATR 14 or 20 Renko brick size.
After we...
Renko Trading Strategy #1
This profitable Renko strategy you can use is to focus only on the bricks.
No additional technical tool is required for this system.
We’re going to explore a very simple and yet very powerful Renko chart pattern that incorporates the wicks. This Renko price pattern looks for two consecutive bricks of the same color and both bricks have...
What is High Net Worth Investing?
In order to understand what high net worth investing is, you need to understand what a high net worth individual (HNWI) is.
A high net worth individual, as the name suggests, is a wealthy individual with at least $1 million in liquid financial assets.
In the financial industry, the high net worth status is based on how a bank...
Basic Guidelines:
Timeframe – ANY
Market – ANY
Indicators – NONE
OTHER – Trend lines, horizontal lines, support resistance lines (anything to help you find these areas).
Step 1: Find a Pin Bar On Your Chart.
*Note This is a stock price action strategy, and a forex price action strategy. I will use a currency pair as an example. Price action charts are with any...
Step #1: Identify the Phase of the Market. The Double Top reversal needs a uptrend.
Just because you can spot the reversal it doesn’t mean you have to jump in willy-nilly. Remember, we need the right context and everything needs to line up for a trade-able setup.
So, the first step is to identify the phase or market condition. At any given moment the market can be...
Day Trading Cryptocurrency – How To Make $500/Day with Consistency
Would you like to learn day trading cryptocurrency and make a consistent $500 per day? We often hear about all the money you can make by day trading stocks. But what about crypto day trading? In today’s lesson, you’ll learn how to day trade cryptocurrency using our favorite crypto analysis...
2ND ICHIMOKU TREND FOLLOWING TRADING STRATEGY
ICHIMOKU SETTING CHANGES
Kijun Sen Blue line to Red Line
Tenkan Sen Red line to Blue Line
This will match Ichimoku settings for MT4 & 5
Step One: Using Ichimoku Indicator to Find the Uptrend or Downtrend
Since this is a trend following strategy the first thing that needs to be identified is a trend. Do this on the one...
