Introduction Candlestick charts are a cornerstone of forex trading, offering valuable insights into market dynamics. One key element of a candlestick is the size of its body, which provides crucial information about the strength of buyers and sellers. In this comprehensive article, we'll explore how the size of a candle's body reflects market sentiment,...
If you just started trading, you are probably wondering what time frames to trade. In the today's post, I will reveal the difference between mainstream time frames like daily, 4h, 1h, 15m. Firstly, you should know that the selection of a time frame primarily depends on your goals in trading. If you are interested in swing trading strategies, of...
Day trading the Hang Seng Index...explanation of the two trades for the day and the price action that led to the setups. I talk through my approach to Day trading and how I use the indicators along with how to Manage the Risk while in a trade. ** If you like the content then take a look at the profile to get more daily ideas and learning material ** **...
In the realm of financial markets, candlestick patterns serve as invaluable tools for traders seeking insights into price movements. Yet, not all candlesticks are created equal. Understanding how to measure the strength of a candlestick is paramount to distinguishing between reliable signals and false alarms. This article unveils techniques for accurately...
As traders, if we want to improve our technical analysis knowledge to better develop our price action skills, we owe it to ourselves to grasp candlestick patterns, in this case the Doji candlestick pattern. This post will go into further detail about this unique candlestick group and will also explain the psychology behind these patterns and how they can affect...
Order Block Strategy Overview: The order block strategy is based on identifying key levels in the price chart. Order blocks are essentially areas on the chart where institutional traders placed significant buy or sell orders. These orders can create strong levels, which are relevant to other market participants. The strategy aims to capitalize on potential...
I small trade today on the Hang Seng Index that turned out to be quick and simple with little to no pressure from the entry. Could have been a better exit but all up it was a good start to the day. I will explain the price action for the Entry and the reasoning for the trade coming into the start of the session. ** If you like the content then take a look at my...
Notes: Asian Range is 19:00 - 00:01 (7pm-midnight est) on 1Hr time frame Gold plays well off the Asian range Highs and lows are usually Whole numbers ; Asian mid is on or around the 500 lvl Best entries (London): 12:30 - 2am est after range has completed Best entries (New York): 7:30 - 8 est Entries taken from the Asian high low ONLY after the range has...
Hey traders, In this post, we will discuss a classic candlestick pattern formation each trader must know - the engulfing candle. Key properties of this pattern: 🔑 Engulfing candle is a reversal pattern. 🔑 Engulfing candle can be bullish or bearish. ❗️Also, remember that this candle demonstrates the highest accuracy when it is formed on a key level (support or...
📚Engulfing candles are an essential feature of technical analysis in forex trading. An engulfing pattern happens when a larger candle engulfs the entire body of the previous candle, signaling a potential reversal of the current trend. Engulfing candles, which can be either bullish or bearish, are trusted by many traders for their reliability in predicting future...
And if you do not know what I mean then see the linked idea below ‘the study’. Now the market cap is way to small for my interest but it might appeal to someone or indeed someone who is interested in the long game. The reversal pattern is one we see play out time and time again in all markets. Most recently on a crypto called CFX (see example below). The...
Here is cross-sectioned candlestick shadow and quantified amplitude of the shadow. The indicator marked with a horizontal ray identifies the "strength," or "intent," of the continuation tweezer pattern. Unfortunately, a trader should wait to put a bearish resistance under the tweezer support swing.
Hey traders, Breakout trading is one of the most popular trading strategies. Being quite simple in theory, it remains quite complex and complicated in practice. In this post, we will discuss 7 steps every breakout trader must follow. 💬And just in brief about a breakout trading itself: this method aims to spot a key level (it might be horizontal...
Hanging Man (Bullish Reversal Pattern) ---------------------------------------- The Hanging Man is a bearish candlestick pattern that appears during an uptrend. It has a small body near the top of the trading range, a short upper shadow, and a long lower shadow. It suggests a potential trend reversal, indicating that buyers may be losing control and sellers...
Hammer (Bullish Reversal Pattern) ----------------------------------- The Hammer is a popular candlestick pattern that provides important information about the potential reversal of a downtrend. It is a single candlestick pattern characterized by a small body located at the top of the trading range with a long lower shadow (also known as the tail or wick). The...
Candlestick Components Candlestick components refer to the various elements that make up a candlestick chart, a popular tool used in technical analysis to analyze price movements in financial markets. Each candlestick represents a specific time period, such as a day, week, or hour, and provides valuable information about the price action during that...
If you are studying a price action, you should definitely know Cup and Handle formation. Being applied properly, it can generate big profits. In this educational article, I will teach you how to identify this pattern. We will discuss its psychology and I will share with you 2 trading strategies. 📏And let's start with the structure of the pattern. The pattern...
Directions: 1) Wait For Pullback 2) Wait For PA to Break Top of Structure Left 3) Buy When PA Hits Left Structure 4) Set Stop Loss To Below Pullback 5) Stops & Targets Can Be 1:1 RR or higher, but ALWAYS control risk If you understand the Elliot impulse waves in Forex, then you can trade the easiest way in Forex. Just wait for pullbacks in the major trade...