Back in the old days, to action a trade you only had two easy options.
Buy or sell…
Fast-forward into the present day, and today you get slapped with five different options to choose from when you get into a trade.
Right now, I’m going to simplify these five trading entry orders in way that you’ll never forget.
Entry Order #1: Market Order
The first entry...
The thing that catches most traders out is they don’t know what zone will hold, that’s why it’s always best to wait for the higher time frame zone to be mitigated, wait for the break of structure to confirm the trend is changing, then execute. Wait for confirmation ☑️
It wasn't the easiest months to trade.
Like, in normal up/down trend you can enter on a retest of previous range and put stop below that range, so it will react as support for your stop.
In a sideway market like now usually you don't get entry on a retest, becuase movemant is ti squzee/fast. So you need to enter as close as possible to highs/lows and start to pray...
First look for the higher timeframe trend is the price making higher highs and higher lows? (For bullish market) or lower highs and lower lows? (For bearish market) bullish or bearish, then go to the lower timeframe and see if the lower timeframe trend matches the higher timeframe trend. After that mark your supply and demand zones, and point of interest(POI). If...
Hi Traders and Investors
This video is a follow up from my previous posting dealing with shifts of momentum.
This time we are looking to add an additional synergy - the second touch in a chart formation - which can be found in Double Tops, Double Bottoms and head shoulder formations. Correctly using the second touch on the chart formations has allowed me to...
"Wait for this confirmation!"
"Look for this confirmation!"
When I first began my trading journey, these are phrases that I kept seeing get thrown around and had no clue what it meant! What am I supposed to be looking for? What do these confirmations exactly mean? It quickly began to get frustrating and confusing...
Then eventually, things started to click...
With value investing everyone knows: Buy when there is blood in the street, when a good company has a P/E ratio of maybe under 10.
But with currencies, other than the advice "50% to 61.8% fib" and a whole lot of troll "buy every bottom sell every top with the magic indicator or magic drawing on the chart" there is no common knowledge.
We can look at this recent...
Enter trades when the price is reversed in double touch areas, confirmed with a good wick. Apart from the H1 timeframe, make sure you will always confirm with H4 and D1 timeframes.
Exit trades shortly before a trendline or shortly before another double touch line
Hi
(1) as you see when a bullish pattern wants to be a bearish pattern , after breaking support line , we can see a bullish flag or bullish triangle .
(2) as you see when a bearish pattern wants to be a bullish pattern after breaking resistance line we can see
bearish triangle or a bearish flag pattern .
so these patterns will help you to understand market better .
Going back to my analysis on the bigger time frame of NZDGBP, we can see the moving to take a closer look on the 15 minute chart, that the price action has made a lower high and a lower low signifying that the price action will or has reversed as it is at a key resistance level.
Additionally, we can see that we have divergence on the histogram signifying a loss...
So the GER30 is at a weekly resistance with diminished strength as per my previous analysis attached.
After retesting the weekly high in the red circle, we now focus on the 1 hour chart where we can see a clear resistance being formed.
Moving to the 15 minute chart we need to see confirmation that the price action will break the low making a lower low (Point A)...
OSCAR Oscillator by GenZai
Green line is the Oscar Rough
Red line is the Oscar
By default based on the 8 last candles and smoothed using RMA
Purple line is the Slow Oscar
By default based on the 16 last candles and smoothed using WMA
HOW TO USE
Exit signaling
This indicator can be used as an exit indicator when line cross each other.
Entry...
Rule #1: Draw a channel on a 1 or 4 hour chart.
Rule #2 Identify If there is a Breakout on 1 hour or 4 hour chart.
Rule #3 Wait for a Pull Back on a 15 minute Chart.
Rule #4 After Pull Back on 15m, Make Entry.
Rule #5 Find a Stop Loss Placement.
Rule #6 Ride The Rabbit Trail to 50 pips with a TP Order!
Rule #1: Draw a channel on a 1 hour or 4 hour chart.
The...
In this post, I will probably show you the most time-efficient way to maximize your gains in the BTC bull market.
As you can see graphs moved before, move today and will most probably move in the future in similar waves with strong pushes, followed by consolidation phases.
If you want to maximize your profits you can sell the tops and buy the dips. There is a...
In the screencast, I give a little story first about someone (not from Tradingview) who enquired about buying into NVDA.
My simple "No" wasn't received with much enthusiasm.
What happened in ULTA is a lesson for people interested in NVDA.
This is based on the Bitcoin Market Cycle 2017 - 2018. Please note that this for Uptrend Market and it's totally Opposite for Downtrend Market if you are able to Short.
Also note that you can apply the same for any Market not just for Bitcoin.
- In a Uptrend We have 5 Waves followed by 3 Corrective Waves
- In that 5 Waves 1,3 & 5 are Impulsive Waves Going up...
Hello Traders,
All of us want the price action to follow the direction of our trade but that doesn't happen always. The price action has a natural tendency to move up and down; build ranges and develop patterns. Most of the ranges and patterns are like whipsaws and many traders stuck in these situations and lose money. The most effective ways to deal with such a...
![BTCUSD: [Fibbonacci]: How to get better BTC gains than other traders!](https://s3.tradingview.com/t/TGete1pg_mid.png "[Fibbonacci]: How to get better BTC gains than other traders!")
