Introduction: In forex trading, understanding price ranges and consolidation patterns is vital for identifying potential trading opportunities. Price ranges occur when the market is not experiencing significant upward or downward movements, and they are often a precursor to potential breakouts or reversals. In this educational guide, we will explore what price...
When considering a trade in the EUR/CHF pair, specifically targeting a retest of the volume area, it's crucial to employ a strategic approach. Here's how you can analyze the chart and make informed trading decisions: Identify the Volume Area: Start by identifying the volume area on the chart using the volume profile. This area represents a range where a...
I sorted out the principles of this long BTC trading strategy. This is a trading system with a high winning rate that I often use. It is very simple and practical. I will share it with you now, hoping to help you. As we all know, the risk of futures trading is very high. If you are a novice, then you are prone to failure. Liquidation and asset zeroing are common...
Technical analysis is a crucial aspect of trading, allowing traders make decisions based on patterns and indicators in price charts. Two common patterns that traders often encounter are the triple top and the triple bottom . These patterns can provide valuable insights into potential trend reversals in the market. In this article, we'll explore what these...
In the today's article, we will discuss 4 classic yet profitable forex and gold trading strategies. 1️⃣Pullback Trading Pullback trading is a trend-following strategy where you open the positions after pullbacks. If the market is trading in a bullish trend, your goal as a pullback trader is to wait for a completion of a bullish impulse and then let the...
Welcome to Part 2 of our 7-part Power Patterns series. In this series, we'll be equipping you with the skills to trade some of the most powerful price patterns which occur on any timeframe in every market. This week’s pattern, the ascending triangle can often precede fast and powerful breakouts. A strong understanding of this pattern is essential for any trader...
Hey, traders! Last week, I received a few messages from traders who didn’t understand how to enter with the DCA bot, and I decided to write a summary about it. Determining the ideal moment to launch a DCA Bot concerning a crypto coin movement in a range calls for a well-thought-out strategy. Your decision essentially hinges on your expectations of the crypto...
In the world of forex and gold trading, recognizing chart patterns can be your key to unlocking profitable opportunities. One such pattern, the Cup and Handle, offers traders a powerful tool for identifying potential bullish trends. In this comprehensive article, we'll explore how to identify and trade the Cup and Handle pattern in both forex and gold markets....
CME: E-Mini Nasdaq 100 Weekly Options ($Q1D-$Q5D) When I first started trading two decades ago, I was overwhelmed by the amount of data that was available. I had a hard time correlating how data relates to price movement. While observing the stock market, I have one question in particular: why does the market often moves drastically immediately after the release...
TGIF is a framework coined by Inner Circle Trader (ICT). It is a Friday setup most common in the New York session after all red news is reported. Throughout the week, SPX500's price was steadily growing. This is essential for the setup, as we want to short from the High under the expectation that the market won't close at or near its maximum price. On Friday,...
In the today's article, we will discuss the absolute basics of trading - 3 key principles of technical analysis. 1️⃣History Repeats History tends to repeat itself in the Forex market. Certain trends are cyclical and may reemerge in a predictable manner, certain key levels are respected again and again over time. Take a look at the example: Silver...
The Moving Average (MA) is a widely used tool in various markets. In simple words, Moving Averages (MA) are extra lines on the price chart of an asset. They look similar to the price chart but appear slightly delayed and smoother, without the ups and downs. Moving Averages in Crypto. Crypto and Moving Averages In the world of cryptocurrency, we pay close...
Welcome to our Power Patterns series in which we teach you how to trade some of the most powerful price patterns which occur on any timeframe in every market. This week’s pattern, the fakeout is beautifully simple and has the power to be highly effective. It has stood the test of time and should be a key part of any price action traders arsenal. We’ll teach...
Target for wave 3 (Figure 1): As soon as wave 2 completes and reverses, draw a trend line from the origin of wave 1 through the end of wave 2, as shown in Figure 1. Then construct a parallel from wave 1, which will be the boundary for completion of wave 3 Target for wave 4 (Figure 2): When wave 3 completes and reverses, draw a trend line connecting waves 1 and 3....
🕒 Big Timeframes: Imagine looking at a painting from a distance – that's the essence of big timeframes. Daily, weekly, and monthly charts offer a broader view of an asset's performance over extended periods. They help you identify long-term trends and major price movements. 📊 Small Timeframes: Now, picture examining a single brushstroke – that's small timeframes....
When you’re a mechanical trader. And when you think you got trading in a bag. You still need to be logical and rational when trading the markets. There are exceptions. And you need to consider these exceptions which could have a profound effect on the financial markets. It’s these unforeseen circumstances, that you need to take the stand. You might need to...
I'm sure many of you already know TVC:VIX (Volatility Index of the S&P 500) correlates to AMEX:SPY (the S&P 500 micro index). For those who don't and those who do, this is my up to date VIX chart. Please comment what you think! But the general idea is that... When TVC:VIX goes up, AMEX:SPY goes down When TVC:VIX goes down, AMEX:SPY goes up This is...
Greetings, @TradingView community! This is @Vestinda, bringing you a helpful article on the topic of Ascending Channels! An ascending channel, a potent chart pattern, stands out with two upward-slanting trend lines that define support and resistance levels. Also known as "rising channels" or "upward channels," these patterns offer insightful indications for...