Support, a market position where a downtrend will be obstructed by a historical price level that establishes a demand zone.
Resistance, a market position where an uptrend will be obstructed by a historical price level that establishes a supply zone.
Consolidation can be identified as market indecision, where the market is neither trending in an uptrend or a downtrend. At the end of the consolidation phase, the market will either continue trending upward or downward.
The success of any trade is dependent on managing risk. Use the long position tool to manage the risk associated with trading to ensure that the amount of profit is at least twice, if not three times the reward associated with the capital investment at risk. Thus, a 2:1 or 3:1 ratio is best in managing risk.
The buy limit order is placed below current market price with the expectation that the trend will move toward the supply zone, uptrend, where the take profit will need to be placed. It is an easy point of market entry to identify and an easy point of exit.
The engulfing candle pattern is probably the ABSOLUTE EASIEST way to make a TON of cash! :-) Place buy stop at close of engulfing candle and stop loss below. The buy stop order is placed when the expectation is that the market will continue toward the supply zone, uptrend, and placing the market entry point above the current market price, with the first take...
This is SO PROFITABLE a move that anyone can do it! Look for a break in structure. The normal structure for an Uptrend is HH and HL, a LH or a LL would constitute a break in uptrend structure. The point identified on the diagram represents a LH, which is the break in structure. At that point you can enter the market. Happy profits :-)
The Engulfing candle never fails, offers a SIMPLE way to make LOTS of CASH! :-) This was a 70+ pip move. The sell stop is ordered when the current market price is above the expected market price, where the trend is toward the demand zone, downward trend, the take profit is placed below the entry point and profits are incurred all the way down. Master simplicity...
The engulfing candle pattern is probably the ABSOLUTE EASIEST way to make a TON of cash! :-) Place buy stop at close of engulfing candle and stop loss below. The buy stop order is placed when the expectation is that the market will continue toward the supply zone, uptrend, and placing the market entry point above the current market price, with the first take...
The buy limit order is placed below current market price with the expectation that the trend will move toward the supply zone, uptrend, where the take profit will need to be placed. It is an easy point of market entry to identify and an easy point of exit. This was a simple 70 pip move :-)
Sell limits are the EASIEST ways to enter a profitable order. The sell limit is identified as a point, in market price, above current price, where --hitting a point of resistance, it is expected to the fall toward the demand zone. This example illustrates a simple 48 pip move that almost anyone can do :-) Make LOTS of money, and do it the simple way. Peace :-)
This is the definition of an uptrend. An uptrend is the appearance of higher highs and higher lows, which creates the uptrend. It's best to enter the trade when the market price is at its low and remain through the trade, during retracements or "pullbacks" until the trade nears consolidation, where you'll likely catch a few hundred pips in the process....
