Hey Traders today I wanted to take a step back and show new traders the proper way of entering the market when it's consolidating in a triangle. Triangles are very common in trading and know how to identify them on your charts is a great tool to add to your trading arnsenal. Triangles can lead to explosive moves in financial markets so lets dive in and break it...
Notice the swing areas, and the volume indicator. Had the indicator been used for "trend strength" it would of sold off. Rather, use the Accumulation/Distribution to identify bullish or bearish swings...if the volume increases or decreases lower in the consolidation zones.
You should make sure that your reward is bigger than your risk.
It is up to you what your optimal risk to reward should be – ideally you should have a risk to reward of 1:2 or 1:3.
✔️Trendline Reversal & Break
The trader should constantly monitor both the support and resistance trendlines and redraw them as the old ones break and new ones form.
When an...
Learn how to identify consolidation.
Price action based rules.
Directional bias & trading strategy explained.
3 states of the market explained.
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Synopsis
If you trade Forex then you know the weekends are the best time to analyse the market. Everybody likes to talk about how volatile EURUSD is, but what they don't tell you is that the market is ranging a good 80%-90% of the time; good deals do NOT last long. In fact, half of a days price movement can play out in 15-45 minutes, It's that fast. The best...
Hi friends, you've probably noticed that Bitcoin and cryptocurrencies start to rise or fall after consolidation. In this idea I will explain why consolidations happen, how to use this in cryptocurrency market analysis and where the next ATH for Bitcoin will be.
📊What is a consolidation? Consolidation is the small price range. Unlike a bullish or bearish trend,...
Inside bar strategy is one of my personal favourites, in this section I will detail how and why I trade Inside bars to deliver more profits during a trading week. Now In my personal opinion any non profitable trader should be chomping at the bit to learn this strategy as it has the potential to really aid your trading journey. So lets breakdown what finding an...
Hello, in this video I discuss a current active trade on AUD/JPY (see my page) and how I decide whether a consolidation phase is in accumulation for a wave up, or distribution for a wave down...
I believe that the AUD/JPY pair is in a distribution phase and I explain why in the video.
don't usually make videos and I'm sort of congested today so sorry if sound...
Market's do not trend all the time. After a strong trend in either direction, the market goes into consolidation mode where it chops between a range for weeks to months trapping both sides.
It is best to sit on the sidelines as getting the direction right in such a situation doesn't provide the best risk:reward
Using past consolidation zones to determine key areas of support/resistance ("S/R")
In this chart, I'm using a script that I've published (called " Bollinger bands + RSI Strategy" ) to determine the key areas of S/R (refer to Note 1 (below) to briefly understand how the script behind works). For the purpose of this analysis, we will ignore the performance of...
Bitcoin is consolidating at the same price range as it did back in January. Once we broke that STRONG Resistance, it flipped to Support while BTC Ranged up.
Now that same critical level is back to being a Resistance Area. The longer a coin/token consolidates, the stronger the Breakout will be. Think of it as a wall, and the more times we hit it in a short period,...
Stock price has a gap up, how to confirm it is a true break out or a false break out? Maybe a tight consolidation is a method.
Tips:
This is forex, not a stock. But the tips should apply as well.
Before the gap 2017 May, there were several times the price tried to challenge the resistance line.
Once gap up, a false break out then followed by a tight...
A simple way to identify trend structures within the intra day charts. Stick by these structures and mould your strategies around this and you will succeed!
Hello everyone:
In this educational video, I will go over what an impulse and a correction is in the market.
I will point out how to distinguish them in different time frames, and give a few examples on them as well.
The market can only be in two phrases.
Either its in an impulsive phrase, or a corrective phrase.
It doesn't matter what market or the time...
