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!
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...
-When there is a consolidation happening on a pair, this would be an excellent opportunity to look for a breakout and a reversal of the support/resistance of the consolidation box. -For these types of setups we need be patient and see how price will move to either the upside or downside. -Once we see a breakout of the consolidation box then it is essential to wait...
Kindly comment with " Yes " for agree and "No" for disagree with this post: Before the break-out, I've informed that " Breakout will give truck of Money. ..!". Exactly, we seen this statement was TRUE, didn't it? (End of idea link is added about this idea) Let's talk step by step was happened here. The Width of congestion area was equal to height of the...
Simple strategy using 2 Simple Moving Averages channels, Momentum and ADX with Directional Movement First Channel: 70, High 70, Low 70, Close Second Channel: 144, High 144, Low 144, Close Momentum: 34 ADX: 14, 20 To use this strategy please refer to link related to previous post. The SMA 144 channel is used to determine the strength of a trend. Kind of like...
A lot of people asked me what to do in the case when the price is stuck in consolidation. You can use Fibonacci retracement and create a range (0, 0.25, 0.5, 0.75, 1) and put it from swing low up to swing high. By that, you will create key points where the price will react on during consolidation time. You can use it on all Timeframes and it does not matter if...
HOW-TO GRID TRADE: HIGH PROFITS - LOW RISKS - TONS OF FUN. Trade While You Sleep Let’s be honest, trading is risky, especially trading crypto. We all know it’s just matter of figuring out if market prices are going up or going down, but isn’t it funny how the market seems determined to go in the exact opposite way you pick? Especially when you have...
So you been trading for a while and got stuck in a symmetrical triangle apocalypse? let me make it easy on you: ____________________________________________________________________________________________________ **** Facts: 1. Triangle: At-least 2 lower highs, 2 higher lows to start the trend.. (in total 4 points) 2. Trend: Usually happens after months of one...
Proximal and distal lines used here to highlight a type of consolidation pattern known as a triangle pattern. Consolidation patterns are commonly understood to represent the redistribution of an asset due to shifts in sentiment, profit taking and/or revaluation. In this particular case, due to recent break of an area of price-interest (5,800-6,200), I would...
The short answer: DONT. I've decided to use EUR/GBP today as a prime example of when to sit on the sidelines and not risk a cent of your capital. As you can see, the past 7 weeks have been an absolute mess with price looking very indecisive and all over the place. This means that traders are not able to come to a consensus of whether they are bullish or bearish...
Part 2 Fundamental noise filtering I place far more weight on fundamental analysis then technical. At first I thought it was useless as half the news or analysts would say one thing and the other half would say the opposite. the trick is to only look at sources that can reliably and logically be shown to have a impact on the market. Who has an impact on the...