Simple technical and price action analysis. The entire market is in an up trend wright now, and BTC is following the same road. At this moment there is a rectangle or sideways consolidation that seems to break above. Of course that anything is possible when we speak about BTC, and there are 2 scenarios possible for a break. a. Aggressive break targeting 22500...
This is an education post about simple but yet powerful candlestick patterns, and the logic behind it. The main reason I have made this educational post, is it because most of the time, beginner traders will find difficult to identify patterns that they learn from educational sheets or drawings, when it comes to apply their learnings real life price action. You...
Simple technical and price action analysis. Even though on Daily chart, there is still consolidation, without a clear trend direction, on H4, there is an UPTREND forming, so I am looking at possibilities to enter long. Now it looks that the momentum was lost for buy, but a small pull back close to MA 100, can be a good signal to enter long. SL - Price might...
Simple technical and price action analysis. Daily time frame is clearly showing a down trend, so the best trade will be at a touch of MA100 on Daily TF, or between 80 and 85 level. Meantime we can try to catch small correction, as for SELL trade. We have the RSI divergence on H1 that is on the SELL side. Entry - Aggressive at the current price SL - Above...
Simple technical and price action analysis. At this moment, all the signals are pointing to a BUY trade. Entry - Aggressive at the current price SL - Under the preview bullish candle. Basically where the up impulse has begun. The price might break aggressively or it might come back close to SL level, as STOP LOSS hunting. TP - Close to 1,100 level, should give a...
With this educational post, I am going to cover the following 5 questions, with some strict to the point answers: 1. Why the price is moving up and down? 2. How the price is moving up or down? 3. What is inside a candlestick, or how do they form? 4. On what markets is this applicable? 5. How can you benefit on this information to your advantage as a trader? ...
These trading strategies are tested by me personally, and actually it is what i use in my day to day trading, or to my trading robots. Each trading session has different periods of increased volatility, and so those periods are most of interest for me. To make it easier to understand, if the market is not moving, than, the price is consolidating, and the...
I need to make this educational post, because so many traders are focusing on wonder trading strategies, and they are forgetting about the money management, which is in my opinion, the real secret tool in maintaining a positive equity on long term. The way trading is advertise, with 6 monitors and 10 indicators needed to take a decision, is just to impress...
During my 16 years trading career, I have found out that more important than a trading strategy, is the money management. So many beginner traders are focusing on trading strategies that are giving them a high wining rate, without drawdowns, which is nearly impossible on long term from my experience. Because, then Warren Buffet will not have years with 50%...
Simple trading analysis based on price action with the help of Renko chart, RSI indicator, and OBV indicator. Story - The price has broken the UP trend line, and retested that line after creating new lows, so it makes it obvious for us to search for SELL trade opportunities. SELL Signals 1. Break of the UP trend line 4H chart 2. Retest of the Trend line 3....
Simple trading analysis based on price action with the help of Renko chart, RSI indicator, and OBV indicator. Story - The price has broken the UP trend line, so it makes it obvious for us to search for SELL trade opportunities. SELL Signals 1. Break of UP trend line 4H chart 2. Red bricks on Renko 4H chart are forming 3. OBV Renko chart is down. 4. Price...
This is a simple but useful trick for beginner traders. If you want to add higher time frame indicators on the same chart, there is a small and absurdly simple way to do that, without any coding needed. In the UP Right you have a 4 H chart with a 9 period Moving Average. And in the UP left side, you have a 1 hour chart with a 9 MA and a 36 MA, or 9x4=36. So...
Reversal signals. 1. Rising wedge on Daily TF- reversal pattern 2. Cumulative Delta Divergence - buyers exhaustion, reversal signal 3. RSI 4H TF reversal signals - Follow the crossing of the MA RSI average period - yellow line - with RSI - purple line Choose your entry wisely. Don't stumble trading. Trade Safe!
Unusual given the world economy, but the FED interventions might change the trend for a short period. Now EURUSD has all the arguments to be consider a UPTREND on Daily chart, so any short trade will be of course a countertrend trade. Short Trade Signals: 1. Renko 4h at Resistance level 2. MA crossing on 4h 3. Double top possible pattern to be formed. The first...
This idea and the logic behind might seems a little strange, but as on my knowledge, it is unique. The practical uses of this are as follows and it can be don on any time frame: 1. Identify Trend Direction - As you can see in the chart Red boxes larger than green ones, and so it is very clear and easy to spot trend direction. 2. Identify Trend Reversal - The MA...
The following signals are for a SELL trade: 1. On Daily chart, you can see the wick formed on preview candle. That means that the buyers where pushed down, and did not had enough strength to close as a full bullish candle. 2. On Renko 4H chart, we can see a resistance level. 3. On 4H chart, you can see the RSI bearish divergence. 4. On 30min chart, you can...
This is not something new, and it is not that only BITCOIN is in danger to crash, but the whole financial market. And this is not something unexpected, everybody knows this. But now it is more obvious than ever. Volatility decreasing - Pessimism for market participants Buyers kept from pushing the price up, while Sellers are accumulating orders around the 18k...
USDJPY is bouncing from MA100 after the massive drop on positive results for USD and CPI. Where those numbers so drastically to move the market so much, or the JPY, more that when the Japan Government has intervened for their currency? Nothing is change worldwide, so I believe the up trend for USDJPY might continue with this bounce from MA100. Choose your...