See previous thread for more detailed TA on finding this breakout
This is tutorial on "How to use swing trading indicator " developed by me. Do use and benefit from it.
This tutorial provides guidance on how to use "Volume bar breakout & breakdown Indicator" Indicator. It explains When not to take entries How to setup Stoploss and Target what timeframe to use for equities and commodities but you can decide as per convenience
✅Candlestick patterns trading is one of the oldest but most effective ways to analyze the foreign exchange market. The trader needs to find certain patterns, and based on them, decide where the price will go. Today we will talk about one of these candlesticks, which is called the "engulfing candle". There are two types of it: bullish and bearish. The appearance...
Entry is 4013.39 Exit at 4065.64 Reward:Risk is 2.6R Reward = 5225 USD Risk = 2009 USD Strategy is to enter at closing price of a pin bar (rejection candlestick) when the pin bar wick intersects the EMA 10 and EMA 20 in an uptrend.
When markets open (Tokyo/Hong Kong/London/New York/Sydney) they can have different reactions to price movement. One of these reactions can be a quick move up to induce traders to go long and then reverse. This can sometimes be seen as a hammer candle. This particular trade was placed at the hammer candle close. 1% Stoploss above and 1% take profits...
Morning star candle pattern buyer-seller psychology: The sellers are in complete control in the downtrend before the pattern starts, * The first candle in that pattern sells heavily, and with the Big Red candle the sellers paint a picture of their full control. • The opening of the 2nd candle has a selling down through a gap down, then the sellers start...
Pin Bar Is Present On The H2, H3, and H4 Chart. This is a strong indication of a bull market. When this chart pattern occurs, look to enter long positions. Trend: Up Level: EMA 10 Level, EMA 20 Level, Horizontal Level Signal: Pin Bar Trade with multiple factors in your favor. In a bull market, look for pin bars, rejection candlesticks, EMA 10 above EMA...
I am commonly asked what is the most important time frame to analyse your pairs on. Which doesn't always result in a simple answer since multiple time frames must be taken into consideration for successful trading e.g. weekly/daily/4h/1h. However, there is the one that is universally considered to be principal and that is the daily time frame. Here are some of...
Hey Traders today I wanted to go over what I believe is one of the best ways to trade any market with Japanese Candlesticks using hammers and shooting stars. Normally you want the wick of the candle to be at least twice the size of the body of the candle. Alot of times they can lead to explosive moves in the markets. So lets dive in and see how to use this...
✅The price dynamics of an asset are displayed on the chart in different formats, including bars, lines, or candles. The latter format is most popular among traders and is often used in technical market analysis. What are candles and how to work with them? 🟢Candlesticks (Japanese candlesticks) are a graphical way of displaying price dynamics, in which vertical...
Keep Trading Simple!!! Volume is the heart of trading Forex. This tells us how much interest is in a candle or at a price level zone- where big money and hedge firms are trading. On chart example: London and NY session overlap is a very high liquidity and volume time every day to trade. Only 4 hour period. Use only: 1) Simple Volume indicator 2) Session...
Trading in the shadow of Smart Money. Learn to trade in the same direction. If you are going to play it You better understand it. The Masters & Teachers of the Wyckoff Method & Volume Spread Analysis: Tom Williams and Richard Wyckoff. If you put on your charts just daily charts with the On Balance Volume indicator only (or Tick volume) - might change how you look...
Hello Traders! Have you ever wondered when will a strong trend end? Do you struggle to spot candlestick patterns that potentially signal when the bulls or bears might take over? Take a look at this example of EUR/CAD and let's see how the trade plays out! :) About the Inverted Hammer Candlestick Pattern and Why It Forms: The Inverted Hammer is a bullish...
Hey traders, In this educational post, I want to discuss with you one of the most accurate REVERSAL candlestick patterns - the engulfing candle. On EURUSD chart, I spotted for you bullish & bearish examples of this pattern. The logic behind this pattern is quite simple: ⭐️In a bullish trend, after a strong directional movement, the price reaches some...
For your homework: find all engulfing, harami and pin bar setups on different Forex pairs on hourly time frames or higher. Where did these patterns happen- Price and Time? How could you have traded them? entry, stop loss and targets What risk management would you use or lot size? What is a pip move worth with keeping trades 1% to 2% of your account. These two...
Evening Three Candle (pattern) How To Trade: Evening Star- is a three candle pattern with the highest middle candlestick, but also the smallest body and slight shadows/wicks. The third candle goes below the bottom half (1/2) of the body of the first candle and its opening FALLS below the opening price of the middle candle. The evening star is a reflection of...
Wait for a Price Action Signal to form at the following support resistance levels. EMA 10 Level EMA 20 Level Fibonacci Level Horizontal Level Set Target at the next support resistance level. Set Stop Loss Below EMA 20 Price and Low Price of Price Action Signal Candlestick. Enter at close price of Price Action Candlestick. Engulfing Candlestick at Support...