I generally like trend lines because of the basic information that they convey - a trend. A trendline going up and to the right suggests the trend is upward! A trend line going down and to the left suggests the trend is downward! You don't need to overthink it. BUT you also have to remember that if you chose to trade a trendline you need to be willing to sit on...
This overview of how i look the market, it all about identify market bias, wait for the pull back and just get in andjust ride a trend
So we have here, THE TRIANGLE pattern. One of the best and easy classical patterns in the technical analysis. It is considered to be a continuation pattern and the more it touches the support and the resistance lines, the better (at least 3 times to be valid). Enjoy...
Wanted to post a couple of pictures about editing and cleaning up the strategy and make it more SIMPLE to understand the thought process of behind it. I had to Remove a couple of indicators names CM_SLINGSHOT and DREADBLITZ DRSI from the indicator am replacing these indicators w/ a 100 (p) exponential moving average to filter weather we should go long or short....
To share awareness for the beauty and history of our art of Technical Analysis of financial markets, in this educational post, I look at the six fundamental principles of Dow Theory, applied to Bitcoin and its current macro/local trends. Dow Theory Principles; 1. Markets Discount Everything 2. The Market has 3 Trends 3. Major Trends have 3 Phases 4. Markets...
Sometimes a 'pullback' is actually price rejection from an area and there are ways you can filter out the ones that are likely to mean revert that bit harder. When you are looking a pullback setup in a market, you don't want to see areas of S/R forming and getting broken in the direction against where you want to trade. You either don't trade or wait until price...
5 most important candlesticks to know! Simplicity is the key to a positive result, and many traders ignore the simplicity of using these 5 MAIN candle patterns and the importance of each of them, as well as what they are. Many traders complicate everything and make trading more complicated than necessary. Using only these 5 candle patterns together with other...
This is a short intro to a major problem traders face... in a longer video, coming out tomorrow most likely, I will explain more on how to stop being an "insane" trader and take control of your trading results by working on the most important person in (your) "room", which is YOU! Just how important are YOU to yourself? take any picture where you are with the...
1. Indentify the key level first when the chart have been done make head and shoulders pattern. 2. Draw the rectangle shape as the zone at rejection candle with full body and wait the price coming inside the zone. 3. After the candle making a new rejection candle inside the zone wait for another candle or bullish engulfing can break the rejection candle then...
Hey traders, Technical indicators are an essential part of technical analysis. With multiple different indicators on a chart, the trader aims to spot oversold/overbought conditions of the market and make a profit on that. Though, I don't consider myself to be an expert in indicators trading, here are the great tips that will help you dramatically improve your...
Once you have successfully identified previous Price action with Market Structure and SMCs you can now look for potential Entries with the highest possible rewards. For Bearish Trend: Fib is drawn from Swing high to Swing low For Bullish Trend: Fib is drawn from Swing low to Swing high. It's always important to go with the trend and to avoid trading when...
How To Use The Fibonacci Extension Tool: Bearish example (like Chart) A) Highest Top Point B) Reversal Bottom Point C) 2nd Highest Top Point (Note) Can NOT be higher then A Point. D) Will be 3 points or targets, 1st target at 50% extension, 2nd target at 100% extension & 3rd target at 150% extension. The rules for take profit orders are very individual,...
Trend reversal or correction chart patterns announce a reversal of the current trend on the observed chart. The output of the figure is made, theoretically, in the opposite direction to the movement that precedes the formation of the pattern. In an uptrend, a reversal pattern indicates a bearish move. On the contrary, in a downtrend, it announces an upward...
In this post, I'll be taking you through a step by step guide on what the volatility breakout trading strategy is, and how you could incorporate it in your own trading style. Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and...
What Is a Golden Cross? A golden cross occurs when a faster-moving average crosses a slower moving average. Sounds simple enough right? However, the key point is the moving averages which constitute the cross, and the direction in which they cross. Specifically, you need the 50-period and 200-period simple moving averages. Anything other than these two periods...
How To Trade The Bearish Death Cross: The death cross and golden cross are technical analysis terms for when a moving average (MA) intersects with another from either above or below. The cross, depending on which it is, can signal the start of a new trend or the end of one. The death cross and golden cross are simple technical analysis indicators that alert...
Part 1 of this Educational content we looked at Market Structural behavior in reversal of trends. Part 2, we are going to take a look at SMCs. Important things to know about Wyckoff’s Schematics are. Always start of plotting Supply and Demand zones on HTF. Accumulation and Distribution should take place within HTF Supply and Demand zones. An...