10 chart patterns every trader needs to know 10 chart patterns every trader needs to know! - Best chart patterns 1. Head and shoulders 2. Double top 3. Double bottom 4. Rounding bottom 5. Cup and handle 6. Wedges 7. Pennant or flags 8. Ascending triangle 9. Descending triangle 10. Symmetrical triangle
Hey everyone. Just an update on the trade last night. As you can see we had a HTF buy range (1hr) where price came back into the discounted section. We then had a 30min range bar mitigation which created a large reaction to the upside so we can say this is where a money transfer has taken place. Subsequently this made our new buying range and yet again price came...
Hey everyone. Just an update on the trade last night. As you can see we had a HTF buy range (1hr) where price came back into the discounted section. We then had a 30min range bar mitigation which created a large reaction to the upside so we can say this is where a money transfer has taken place. Subsequently this made our new buying range and yet again price came...
Morning Godal Member's, Traders and Aspiring Traders . Todays shared post is a analysis on . Pair :EUR/CAD Time-Frame - D Biased - Bullish As personally identified , based on my allocated bearish daily trendline being broken and a new higher high being made . ill be waiting for a pull back for further upside once newly found support is tested and personal entry...
We have come a long way from the previously practiced barter system to the modern-day system of trading currency. Following is a brief summary of the evolution of currency and how it gave rise to Forex Trading. Here are the main stages that are illustrated on the chart: 1️⃣The Ancient system of Trading - Trading with Gold As early as 6th century BC , the first...
HOW TO CREATE A TRADING STRATEGY? WHAT IS A TRADING STRATEGY? Trading rules that systematize it, bring clarity, orderliness and predictability of the result. You can take a ready-made strategy and adapt it for yourself. And you can create your own The main idea of the strategy, its rationale The idea should be rational, based on market patterns that you...
Hello traders, I think those two charts are useful when used alongside each other in correlation. It is logical that decline in BTC price leads to inflow in USDT and vice versa. So we could say (and the chart shows, that the correlation between the price BTC and market cap of USDT is inversely proportional). For further simple explanation there are some events...
When I was learning how to trade and when I was watching and reading different trading educators, these words naturally pissed me off. What the hell are you talking about? What confirmation? It was a full-blown mystery...🤯 Then, once I started to mature in trading and trade full-time, I became an author on TradingView. Posting my forecasts and trading setups, I...
I got this concept from EuroMotif and his amazing research on fibs. I'm putting this here to see if I nailed the concept. I took the top of bitty and plotted an impulse down. I also marked some fib pings along the way. Based on his concept, there should be a major reaction once it hits the zone I've marked as the impulse, particularly the impulse core around...
A pullback is a pause or moderate drop in a stock or commodities pricing chart from recent peaks that occur within a continuing uptrend. A pullback is very similar to retracement or consolidation, and the terms are sometimes used interchangeably. The term pullback is usually applied to pricing drops that are relatively short in duration - for example, a few...
Afghanistan has been thrown into turmoil over the past few days, and the effects of the fall of the government could go beyond the local market and affect the global financial markets also. Taliban Takes Control Of Kabul The biggest news in the world over the past few days is the Taliban taking control of Kabul and effectively replacing the Afghanistan...
This is just one example that we mustn't expect perfection. If everything were perfect everyone could be billionaire and to be one could be so much easier. Should we expect life to be easy? I think it would be boring. Hahaha. A little challenge is good for us, when we put in diligent effort to learn something and achieve some measure of success we become proud of...
Hello all, I have made video tutorial on how to use Auto Harmonic Pattern V2. This is not invite only script. But, decided to make a video anyway due to complex nature of the indicator. Please go through it and ask me if you have any questions.
While not 100% perfect, Its interesting to NOTE over the past 1 1/2 year the VIX's lower-LOW's , have been bouncing on a Fibonacci time sequence. If the pattern continues, from here to the next low there MAY be another peak in-between.
Hello All, This video was made to show how to use Harmonic Pattern script, and custom alert messages in it are explained. Before watching this video please watch Part I. If you have questions please ask them in the comments. Thank you for watching it!. Enjoy!
Long Wick (Shadow) Candle: Buyers or sellers tried to push the price further but failed The inside bar: After a long wick could mean price change Also engulfing is a reversal signal. Momentum candle: Multiple rejections: Good resistance and sign of price rejection and reversal Shrinking candles: Loss of momentum 3 consecutive candles in the same colour:...
images Who was Fibonacci? Fibonacci (1170 – c. 1240–50), also known as Leonardo Bonacci, Leonardo of Pisa, or Leonardo Bigollo Pisano was an Italian mathematician from the Republic of Pisa, considered to be "the most talented Western mathematician of the Middle Ages". Fibonacci popularized the Hindu–Arabic numeral system in the Western world primarily...