Sometimes, when a long term EMA is in proximity to a short term EMA, it is known to be some of the most important confluences for long term swing traders, known as the "Golden" and "Death" Crosses. Sometimes, the market makers like to take advantage of traders looking for this confluence. This is what causes expansive volatility within these ranges. It can also...
Want to master the art of momentum trading? Look no further. In this FXOpen guide, we’ll explore how to use momentum indicators, the signals they generate, and five of the best momentum indicators for trading. What Is a Momentum Indicator? Momentum indicators are technical analysis tools that help traders gauge the force behind and direction of trends. These...
Hello to all EXCAVO Family Team members in Bybit's WSOT Crypto Trading Tournament Total Prize Pool 8.000.000 USDT There are 3 days left until the start - Competition Phase: Aug 7, 2023, 10AM UTC - Aug 27, 2023, 10AM UTC We have 20 days, and our goal is to make the biggest Squad PnL(%) possible. It's calculated by the formula at the bottom of the page. 1....
Description: The Williams Percent Range indicator, or simply Williams %R is a popular trading tool. This article will explain to you how to use it when trading. Exploring the Williams Percent Range Indicator in Trading In the vast realm of technical analysis, traders employ various indicators to assist them in making informed trading decisions. One such...
Example: DSS (Breakout filter combo with Tweezer Bottom) 1. The Tweezer Bottom is a bullish reversal pattern that consists of two candlesticks with identical or nearly identical lows. The pattern is typically found during a downtrend and signals a potential trend reversal. The first candle is long and bearish (red), while the second candle is short and bullish...
Hi, This is a trade review for 01 Aug 2023. Here are some details for the trades. OANDA:XAUUSD 1-hour time frame 2% per trade 1 loss, 1 win (trade still open with take profit 1 achieve) Net -1% currently. Disclaimer: Not Financial Advice! I'm just sharing my trading journey. Please take it as educational content. Thank you! Tuesday, Gold fails the upward...
Sonic R system combine 3 EMA: EMA 34 / EMA 89 and EMA 200 If trend is up, we normally see that EMA 34 above EMA 89 and EMA 89 above EMA 200 If trend is down, then EMA 34 below EMA 89 and EMA 89 below EMA 200 The zone created between these 3 EMA called VALUE ZONE. We only look for entry when price retest this VALUE ZONE. For below example: EMA 34 is blue, EMA 89...
Introduction Forex trading is the practice of buying and selling different currencies to profit from market fluctuations. This financial market is the largest in the world, with an average daily trading volume of $6.6 trillion, making it an attractive arena for traders. In this article, we'll cover some fundamental principles of forex trading, and show you where...
The 1 Hour Retrace pattern is a candlestick formation with great potential for success and strength. This pattern originates after a false breakout of the level in which the price is contained, for example, in a channel. The beginning of this pattern occurs when one of the candles breaks outside the levels that contain the price and, subsequently, the next...
The 'Bullish Triple Formation' is a pattern in which two large bullish candles appear, separated by three small bearish candles. These three bearish candles make new lows and are contained within the body of the first large bullish candle. This pattern occurs in an uptrend and is interpreted as a correction of the trend after an upward impulse, indicating a...
Expected Value (EV) is a statistical concept that indicates whether our trading system or strategy will yield positive, negative, or neutral results in the medium or long term. It is based on previous results. As we know, past performance does not guarantee future results, but it helps us get an idea of how it might work and allows us to base our decisions on...
A Hammer candlestick is a single-candle reversal pattern that indicates a potential change in the trend direction. These candles are typically characterized by a high or low that is significantly distant from the closing price, with the shadow being at least twice the size of the body. Like any candlestick pattern or analysis tool, its reliability increases with...
It’s no holy grain, but routine is crucial. You need to find what works vest for you. This way you’ll be able to streamline your trading activities. Here, I lift the curtain to reveal my daily trading routine — a blend of ritual, strategy, and discipline that helps me navigate the markets with confidence. My routine is not a magical formula for instant...
What You Need To Know About A Ranges Trading Strategy! You can find these patterns in different time frames considering the fractal nature of the market. Support and resistance are well-defined. The support or the resistance zone is not a price but an area that is not a must to be perfect! The more they are tested the stronger will be the support or the...
The chart of Harmony shows down slopping resistance with support of the broadening wedge & 200DMA aligned. Bulls will buy the support while bears wait to sell the resistance. One of the groups will be right & spur a rush of profit for the other. Since we expect price to be at a half cycle correction, we look for whether price will go lower than 10 July 2023 price,...
We live in an extremely fast-paced world. It’s almost impossible to focus on just one task at a time. In fact, you’re probably already thinking of shifting your attention away from what I have to share with you today. You’re thinking of moving to the next email, what you’re going to eat, what’s on Netflix or the bills you have to pay or how else you’ll make...
Breakout trading is a common technique used by traders of all experience levels. In this article, we’ll explain what breakout trading is, offer some tips for breakout trading, and show a simple strategy a trader can use as a basis to start trading breakouts. What Is a Breakout? A breakout in technical analysis refers to a sustained move outside of a level of...
I'm back y'all. I thought I vent a little. Here's a short story-time of why i've been gone and I hope it helps anyone in their trading journey. How's the week going?