In trading, support and resistance are key concepts that help traders analyze price movements and make informed decisions. Here's a basic explanation: Support: Definition: Support is a price level at which a financial instrument (like a stock, currency pair, or commodity) tends to stop falling and may even bounce back up due to buyers. Analogy: Think of support...
Just a simple s/r consolidation strategy quick and easy.
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...
Learn how to identify consolidation. Price action based rules. Directional bias & trading strategy explained. 3 states of the market explained. ❤️Please, support this video with like and comment!❤️
Ranging markets are difficult to trade. Most traders find themselves stopped out in a range market and wonder why. It is very simple. Ranging markets have a short range. Meaning the price movement is very tight. When traders are trying to hit their 1:2 or 1:3 risk reward targets, they become frustrated and wonder why they are loosing. Some remedies I suggest...
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...
Last Part To This Back test Ending With 4R 9 Wins And 5 Lost's
How to trade consolidations, ranging markets. Most of the time, markets move sideways. lets find out 3 ways to get advantage of these periods.
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...