Bearish Order Blocks Tutorial. Bearish order block played out well with 1:8 RISK:REWARD!
Price was in an uptrend. Price bounce off a previous resistance. Price created a Bearish Engulfing Reversal Candle. Entered trade at the close of above candle. MACD crossover happened at the close of the candle also. Stop Loss placed above reversal candle. EXITED trade after consolidation made price go sideways.
Engulfing Trading Strategy The engulfing pattern is fairly regular in its occurrence. Appearing regularly means that a lot of the time, it simply won’t work. Statistically speaking, candlestick patterns have a high failure rate, which is why we come with the idea to fade the engulfing bar pattern. Of course, candlesticks can indeed be useful--but advanced trading...
Trend Line Trading: The Trend Breaker Strategy This trendline breakout trading strategy uses three indicators, which are the following: MACD- The inputs for this indicator are: Fast Length= 12 (represents the previous 12 bars of the faster moving average), Slow Length= 26 (Represents the previous 26 bars of the slower moving average), and Signal Smoothing= 9 (...
XAUUSD GOLD SUPPLY AND DEMAND ZONES - key levels. Trade with the flow. Ride the wave. Easy money on these zones. Watch my previous weeks analysis.
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...
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...
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...
Step #1: Identify two bottoms where the second bottom is at least 5% higher than the first bottom The first step is to identify the correct price structure of the ugly double bottom pattern. Basically, we need two bottoms where the second bottom is higher than the first one. In other words, the price needs to make a higher low. The second bottom also needs to be...
Trading Ranging Markets with Keltner Channel It is said that the number one account killer in the market is a ranging market. Consolidations are very difficult to trade. However, you can take advantage of the difference in the way the Keltner channel system can be used in combination with other technical indicators. The price won’t really touch the bands when it...
TRADING PULLBACK RULES 1 - Find Daily uptrend with HH's & HL's. 2 - Switch to the 30m Time Frame and Wait for a Pullback against the Uptrend. 3 - Place Fib between last swing high and low levels, prior to the pullback. 4 - Buy Anywhere Between 50% and 61.8% Fib. 5 - Place Stop Loss below Swing Low. 6- Take Profit at break above the previous Swing High.
Bump and Run Trading Strategy – Sell Rules The Bump and Run trading strategy is one of the best reversal trading strategies that you’ll probably ever need to learn. The psychological reason why the Bump and Run reversal is such a powerful pattern is because it takes advantage of the result of excessive speculation. This propels the price too swiftly to the extreme...
(Rules for A Buy Trade) Step #1: Wait for the MACD lines to develop a higher high followed by a lower high swing point. The first rule of thumb to recognize a swing high on the MACD indicator is to look at the price chart if the respective currency pair is doing a swing high the same as the MACD indicator does. A higher high is the highest swing price point on a...
Trading Rules 1 - Preceding Uptrend 2 - New Swing High Green Candle 3 - Lower Low Red Candle 4 - Lower High Green Candle 5 - Enter: Break of #3 Low 6 - 1st TP Take measured distance from #2 High to #3 Low 7 - You determine SL & 2nd TP
You got into trading for one reason and one reason only. To change your life. For freedom, for freedom to do the things you want to do. To spend time doing what you want to do when you want to do it. NOT to be a slave to the screen. Not to stare at the charts all day. And here is the thing. If that is what was required, to stare at the charts for hours at a time...