Learn with the Lex van Dam Trading Academy on TradingView! www.tradingview.com Featured in our Trading Club, 4th July Our checklist provides a systematic process that fellow hedge fund managers and traders employ to analyse markets, from which the biggest trading decisions are made. We use similar versions to analyse major currencies, stock markets and...
This pattern has brought me great success scalping crude oil. How to trade it: Look for an ABCD triangle formation with lower highs and higher lows. Draw the triangle with extended lines. Measure the baseline at B and divide it by 2 Add this value to the point of breakout to get a nice padded target to either side Look out for fakeouts and good luck. ...
Took me quite some time to build this up but the result shows a very clean sceanrio here ! Everything tends to correspond between each different timeframe and so the forecast is even more likely to occur. It shows that on the biggest timeframe, gold has made it's 5 wave impulse and is now retracing in 2 impulses . The first have been completed and we clearly...
As you can see "Magical" SR levels work every time. Support/Resistance (SR) Levels and Zones are very important for all traders. Basically, you can expect that on specific levels price will stop remain for some time or bounce off. This help up define Risk to Reward Ratio. I know few methods how to mark SR. But I have found that this method is the best to define SR...
Hey Guys, today I want to start writing about breakouts. As I have read many articles these days it almost looks like the breakouts shouldn't be traded at all. Many traders even despise breakouts because one is entering trades TOO late. But the truth is there is many situation where the strong BO gives nice confirmation for a trade. In this part I want to give...
Taking profits early was a hard lesson I had to learn. I occasionally still do it. See chart For me, the key to LONG-TERM success in this business is not your win/loss rate, but the magnitude of your wins vs your losses. My biggest mistakes have all come from taking profits early, not from taking small losses.
This is a pretty simple model based on a Gann Square and concentric circles and squares. Price over time tends to move up or down 2 circles, or energy levels, before moving in the opposite direction. Since price made a low near the point marked 0, we should expect that the oil price will generally move higher until the circle marked 2. The parabola drawn was...
I decided to expand on my gold analysis with the help of rgmov and neowave concepts. I think that the monthly downtrend is still valid, and that we will visit the projected target at 913.82 in time, which might validate the wave count on chart. I entered a pending order and got filled for a short at 1129.15, and SL at 1140.56, and also entered a sell stop at...