/fibonacci
retracements, extensions and projections
FIBONACCI PRICE RELATIONSHIPS
We start by running three different types of Fibonacci price relationships to find our trade Pattern.
These are retracements, extensions, and price projections or price objectives.
Each of these price relationships will be setting up potential support or potential resistance in...
In this educational articles, I will teach you the best price action patterns for Trend-Following Trading.
📍Ascending & Descending Triangles
The ascending triangle will be considered to be a trend-following pattern if the impulse leg preceding the formation of the pattern is bullish.
The pattern consist of 2 main elements:
a horizontal neckline based on the...
Good evening gold gang, I hope you’re having a good weekend.
I thought I’d hop on to share with you the times of day i like to be at the charts. I like to make sure I’m sat down around the most volume, which is normally an hour before opens and the actual opens.
I use the sessions indicator to help identify the sessions for backtesting .. just search its name....
‼️ Forex traders use Fibonacci retracements to pinpoint where to place orders for market entry, taking profits and stop-loss orders. Fibonacci levels are commonly used in forex trading to identify and trade off support and resistance levels. After a significant price movement up or down, the new support and resistance levels are often at or near these trend lines...
✅ Confluence refers to any circumstance where you see multiple trade signals lining up on your charts and telling you to take a trade. Usually these are technical indicators, though sometimes they may be price patterns. It all depends on what you use to plan your trades. A lot of traders fill their charts with dozens of indicators for this reason. They want to...
WHAT IS BOS ?
BOS - break of strucuture. I will use market structure bullish or bearish to understand if the institutions are buying or selling a financial asset.
To spot a bullish / bearish market structure we should see a higher highs and higher lows and viceversa, to spot the continuation of the bullish market structure we should see bullish price action...
Hello traders!
Today I want to tell you about:
✅ MARKET STRUCTURE .
Today we will talk about market structure in the financial markets, market structure is basically the understading where the institutional traders/investors are positioned are they short or long on certain financial asset, it is very important to be positioned your trading opportunities with...
PS—preliminary support, where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the down-move may be approaching its end.
SC—selling climax, the point at which widening spread and selling pressure usually climaxes and heavy or panicky selling by the public is being absorbed...
PSY—preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread widens, signaling that a change in trend may be approaching.
BC—buying climax, during which there are often marked increases in volume and price spread. The force of buying reaches a climax, with heavy or urgent buying by...
A Distribution is a range-bound price structure that precedes a markdown (downtrend) after completion of the prior uptrend. Re-accumulations often scare traders and investors into believing that a Distribution is forming which can cause them to exit their positions. Re-accumulations form repeatedly in a major uptrend. Distributions, on the other hand, result in a...
Here's a throwback to Wyckoff Logic.
Recall market phases, when ranging ends (accumulation or distribution)
you jump the creek or break the ice then just like everything in life effect follows cause and you end up with either a mark-up or a mark-down.
A simple way to trade EUR/USD is by taking advantage of its tendency to retest the 200-period moving average on the hourly chart. To do this, wait for the currency pair to move away significantly from the 200-period moving average and show signs of overbought or oversold conditions with two peaks or troughs, along with divergence. This presents an opportunity to...
“Timon, I’ve been following your trading tips for the last 12 years and I STILL haven’t taken my first trade." But I will soon trade...
Soon?
Like tomorrow? Next week or in the next 12 years?
Procrastination is the thief of time. I hate clichés but I love that saying.
#1: STILL not ready for losses
I think most people don’t want to take losses.
They are...
Phase A: Phase A in a distribution TR marks the stopping of the prior uptrend. Up to this point, demand has been dominant and the first significant evidence of supply entering the market is provided by preliminary supply (PSY) and the buying climax (BC). These events are usually followed by an automatic reaction (AR) and a secondary test (ST) of the BC, often upon...
This is not a chart reading - and i'll keep it super short ... this is just a quick reminder that we have many powerful tools that we can use to enhance our analysis and trading outcomes.. too many that we sometimes forget to use them. The above chart shows a great example of that .. I was going thru the daily analysis and thought i should share this note with...
PSY—preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread widens, signaling that a change in trend may be approaching.
BC—buying climax, during which there are often marked increases in volume and price spread. The force of buying reaches a climax, with heavy or urgent buying by...
Phase A: Phase A marks the stopping of the prior downtrend. Up to this point, supply has been dominant. The approaching diminution of supply is evidenced in preliminary support (PS) and a selling climax (SC). These events are often very obvious on bar charts, where widening spread and heavy volume depict the transfer of huge numbers of shares from the public to...
As I keep seeing people butcher the use of fib tools figured id make this quick visual to clear up confusions on how to actually apply them for anticipating moves.
