Into this chart, I have defined basics for analyzing the chart, trend lines and price action through a different view to explain my new strategy of MOVES TRADING.
1- How Bottoms (support) & Tops (resistance) are formed for each UP or DOWN MOVE.
2- How Bullish, Bearish, Inside and Directional candles are formed.
3- How to read the hourly chart within its daily chart (green, red, white, light blue boxes).
4- Finding out Weekly Trend Line (orange line) and Daily Trend Lines (red line).
5- Finding out Yesterday's Major Moving Average (green line), Minor Moving Average (yellow line) & the Pivot Point (blue line).
6- Finding out Tomorrow's Major Moving Average (dotted green line), Minor Moving Average (dotted yellow line) & the Pivot Point (dotted blue line).
7- Drafting Tomorrow's Trade (range).
8- Drafting Tomorrow's direction of the market (arrow).
9- Your eyes should concentrate on the Blue, Green, Red, Bottom/Top lines for a possible price action.
10- I believe that market is moving into a systematic moving style without emotions and market should test the actual moving average for confirming the MOVE or for printing an opposite MOVE.
You can copy this chart for your education purposes and self-training to improve your analyzing skills, with my best wishes.
Your likes to this chart will enable many members to see it.
Your comments and questions will be answered.
MOVES Trading is a new strategy benefiting from both UP & DOWN MOVES with the ability to determine TOPS and BOTTOMS for each MOVE depending on moving averages, trend and price action.
1- How Bottoms (support) & Tops (resistance) are formed for each UP or DOWN MOVE.
2- How Bullish, Bearish, Inside and Directional candles are formed.
3- How to read the hourly chart within its daily chart (green, red, white, light blue boxes).
4- Finding out Weekly Trend Line (orange line) and Daily Trend Lines (red line).
5- Finding out Yesterday's Major Moving Average (green line), Minor Moving Average (yellow line) & the Pivot Point (blue line).
6- Finding out Tomorrow's Major Moving Average (dotted green line), Minor Moving Average (dotted yellow line) & the Pivot Point (dotted blue line).
7- Drafting Tomorrow's Trade (range).
8- Drafting Tomorrow's direction of the market (arrow).
9- Your eyes should concentrate on the Blue, Green, Red, Bottom/Top lines for a possible price action.
10- I believe that market is moving into a systematic moving style without emotions and market should test the actual moving average for confirming the MOVE or for printing an opposite MOVE.
You can copy this chart for your education purposes and self-training to improve your analyzing skills, with my best wishes.
Your likes to this chart will enable many members to see it.
Your comments and questions will be answered.
MOVES Trading is a new strategy benefiting from both UP & DOWN MOVES with the ability to determine TOPS and BOTTOMS for each MOVE depending on moving averages, trend and price action.