The Cypher harmonic pattern is a technical analysis indicator used by traders to identify valuable support and resistance levels based on the Fibonacci sequence of numbers and detect trend reversals. Here, in this article, we explain how the Cypher harmonic pattern works, identify it, and trade it. What is the Cypher Harmonic Candlestick Pattern? The Cypher...
“Buy things that are going up. Sell things that are going down. And when they stop, get out!” - Rob Smith Meaning : Buying when low and selling when high is not enough. You also need to know the direction the instrument will move in.
This tutorial video discusses how to find KEY support and resistance within trading on any timeframe or market including FOREX, STOCKS or CRYPTO. DROP A LIKE AND SHARE WITH OTHER PEOPLE. P.S NOT A FINANCIAL ADVISOR... JUST FOR EDUCATIONAL AND LEARNING PURPOSES ONLY...
Smart Money Concepts since its inception with ICT have polarized the trading community mostly in a positive way, and I think said concepts are more handy for traders who have experienced many cycles in the market and are looking to refine their edge with the advancing technology and the transaction basis of today's exchanges based on a liquidity perspective. ICT...
The BAT pattern gets its name from the bat-shaped end product. Identified by Scott Carney in 2001, the BAT pattern is made up of precise elements that identify PRZs. The bat harmonic pattern follows different Fibonacci ratios. One of the major ways to differentiate it from a Cypher pattern is the B point which, if it doesn’t go above the 50 percent Fibonacci...
False breakout and breakdown. How to distinguish these trading instruments of price movement and how to use them in trading The mechanism of a false-break involves taking out the stop-losses of most traders, which increases the probability of a rebound, i.e. the profit of the trader who caught the reversal. In this case the aggressive trading method is more...
Trading ABC pattern is one of the most frequently used trading strategies by Forex/financial traders. The chart is a Bearish ABC Pattern. Once the price makes a breakout, makes a correction, and produces a reversal candle upon finding point C, traders trigger their entry. It is a favorite pattern among all kinds of financial traders. It brings profit at least on...
AB=CD pattern The regular AB=CD pattern, both the AB and CD are exactly the same length and/or pips on a forex chart- BUT- the alternate AB=CD is where the CD is longer then the AB leg/length- there can be a range of fib retracements and/or extensions which are part of this simple AB=CD pattern but that is OKAY. Scott Carney - creator of harmonic pattern rules...
Yes, you can scalp or day trade harmonic patterns in real live time, If you know what to look for. All harmonic patterns have their own fib retracement and/or extension ranges- which need to happen- for them to be called certain names. When a PRZ happens, instead of just jumping on a trade, get a confirmation move out of PRZ and then reversal back to it with an...
On AJ 1 hour chart, did you notice that the example bullish crab pattern ended on Friday? On the AJ 4 hour time frame (refer to another article done today by myself) it showed another harmonic bullish pattern- see two time frames show that this pair when they open up on Sunday/Monday will be bullish when it starts out trading. Just wait for an Engulfing, Harami...
On the AudJpy 4 hour chart example of a bullish cypher pattern. Yes, all harmonic patterns have their own Fib. Ret and extension percentages you need to look up and know, if you use harmonic patterns in your trading. Higher timeframes of 1 hour, 4 hour and daily work the best when using harmonic patterns, but can work on smaller timeframes- just less time for you...
With any harmonic pattern you want to let them completely finish before you make a trade at the PRZ (potential reverse zone) area. All harmonic patterns have there own Fib. retracement and extension range percentages, which you need to look up and know to verify that they what you think they are. This Bearish Gartley pattern stick out very easily, on this EurJpy...
The BAT pattern gets its name from the bat-shaped end product. Identified by Scott Carney in 2001, the BAT pattern is made up of precise elements that identify PRZs. The bat harmonic pattern follows different Fibonacci ratios. One of the major ways to differentiate it from a Cypher pattern is the B point which, if it doesn’t go above the 50 percent Fibonacci...
As part of the STACEY BURKE TRADING series, I'm offering the community my template of indicators to help you get all set up for analyzing the market structure on any given week, day, or session. You're welcome!
Support an resistance zones are critical in the market. These are the juicy spots from which market-makers get to feed themselves immensely. Many traders get trapped in these zones. Buyers are trapped when the market-maker's intention is to SELL and sellers are trapped when the intention is to BUY. It very important for ordinary retail traders like you and I to...
BTC/USDT ::: <<< The general trend is downward >>> First mode : for a while the upward trend and hitting the resistance range of 34,000$ to 40,000$ and finally the downward trend . The second mode : The downward trend is integrated with short-term corrections . In general, it depends on the direction of the triangle break . <<<< Top ? Or Down ? >>>>
1. WHAT IS A PRICE CHANNEL? On any chart, you can see that the price is moving in a trading range bounded from above and below, and this range is a price channel. They can be ascending, descending or sideways (ranges). Ascending channels are formed with an uptrend, Descending channels are formed with a downtrend, Lateral channels are formed at intervals when the...
Let's look at how market-makers succeed in trapping you and I in the market to make billions. These techniques, when grasped, can have an immense positive influence in your trading. Market-Makers use areas of support and resistance to accumulate/distribute order blocks. This creates massive liquidity for them to be able extract big profits, leaving the ordinary...