It is worth it to identify pocket pivots when price is under but not to far off from a resistance because once you identify it, you be able to enter a trade relatively earlier and at better price before an actual breakout of the resistance to occur.
Heikin-Ashi charts reveal information about price action that no other chart type does. The shared chart is self-explanatory in this regard. The example taken is how to look for long opportunities. The opposite is good for short opportunities. Hope traders find this useful.
One of the many continuation plays we can implement in a rally is pocket pivots. Pocket pivots is the current up day’s volume must be larger than any of the down volume days in the prior 10 days. Ideally pocket pivots occur 'before' the traditional buy signal to occur such as breakouts. In the chart examples, the first one is pocket pivot occur confluenced a...
There are 4 charts of EURUSD, on a 4H time frame, from the last 4 years. Do you see the bear and the bull market in one of them? Or you can see just trends and market noise, like in any regular period? The answer to the question - What is the best trading advice in a bear market - is very simple: -What bear market? If you are a trader, the bull or bear markets...
🔥 Hi friends! In this idea I will explain you a few methods how the whales (big players) take away your crypto and make money. If you want to be on the WHALES side and make money, you need to read this idea to the end. Friends, push the "BOOST"🚀 button so in this way I understand that you enjoy such content and I will make more useful ideas for you. I know...
All traders are different but I personally find it difficult to use standalone channels to consistently initiate profitable trades against. Not the least of the problem is that the channel continues to either rise or fall, making a secure place to hide a stop above/below more difficult. But I find them particularly useful in three aspects. The first, and by far...
United States Inflation Rate, Year-over-Year, 1914-2022 chart ---------------------------------------------------------------- Why do I think inflation will go down to 0%? Inflation is currently at the main trendline (established in 1920). This is a very strong resistance, and as a general rule, do not short a support or long a resistance. In other words, you...
The rising wedge is a reversal pattern that can be used in trading. In this chart there is a bigger correction & the rising wedge is forming. I expect the price to break down sharply to the bottom. We are also looking at zero crossover to confirm the medium term sell Good luck!
Learn my wedge pattern trading strategy. In this video you will learn: How to spot the pattern Meaning of the pattern Trading entries Stop loss Take profit Real market example ❤️Please, support this video with like and comment!❤️
This comes after years of creating and testing trading strategies, to be more precise, I got more in-depth with money management, when I started developing automated trading software, or when I tried to automate my trading strategies. What I found out, is that money management can make a bad trading strategy perform positively, or a good strategy...
Good day, traders. I hope everything is going well for you. Today I'm going to tell you how I lost my four trading accounts. Let's get this party started - When I first started trading forex, I was so eager to become wealthy that I began looking for shortcuts despite having no knowledge of basic trading. I know nothing about risk rewards, trading sessions, and...
Chart patterns are visual representations of price action. Chart patterns can show trading ranges, swings, trends, and reversals in price action. The signal for buying and selling a chart pattern is usually a trend line breakout in one direction showing support or resistance is overcome at a key level. Stop losses are usually set on retracement back inside the...
You connect the high price that test the 200ema with the recent high before that (eye ball it) and draw a trendline based on that two connections If price breaks the trendline and the volume candle is green bar (institution footprint aka pocket pivot), then enter the trade.
If you are trying to catch the bottom for a top movers from 2021 bull market and you´re dollar cost averaging all the way down, it may be not as good idea as it seems to be. Catching the absolute bottom is very hard and not many persons can do it. Most likely you will have to wait many months until you will be at the break even or you will make...
Welcome to the coffee shop everybody. This is your host and baristo Eric, and in today's video I am giving you a video Lesson based off of my preferences on how you should look for and use RSI Divergences. THe Oscillator used in this video is The Heiken Ashi Algo Oscillator Get it free here and always BOOOOOOOOOOST IT!! There are three problems that people...
A candlestick chart is a type of financial chart that graphically represents the price moves of an asset for a given timeframe. As the name suggests, it’s made up of candlesticks, each representing the same amount of time. The candlesticks can represent virtually any period, from seconds to years. While candlestick charts could be used to analyze any other...
Pinbar Forex Trading System — a popular strategy for entering and exiting positions that is based on the particular candlestick pattern and the following price action. The Pinbar (also known as "Pin-bar" or "Pin bar") pattern was first introduced by Martin Pring in his Pring on Price Patterns. Features -Conservative strategy offers low-risk high-yield...
The signs that I taught you in this lesson can be very useful If they are recognized in the right place One of the best situations to use these signs is near support or resistance