Hello everyone: Today I want to go in depth into this particular topic as many beginner traders will make this similar mistake in trading sometimes in their trading journey. It's important to understand that it's all part of a learning curve you must endure when it comes to consistency in trading. I myself had done this in the beginning of my trading time, and...
Hello everyone: Welcome to a backtesting/charting session on price action analysis. Many have inquired about how to properly identify market phrases (Impulse phrase vs corrective phrase). In addition, how to use trendline properly to identify a structure/pattern as a continuation or reversal correction. This session will be the start to all these. So let's...
Hello everyone Welcome back to another quick weekly trade recap video on the positions. I am currently in the mountains (lol) so may not get to my usual weekly outlook stream due to internet. But hopefully still update analysis :) AUDJPY - Second position got out for BE. Currently in the third position in. XLMUSD - Took out for a 1% loss. BTCUSD - Still...
Hello everyone: In this quick educational video, I will go over how I utilize Head and Shoulder Pattern/structure in the market. Specifically, how I identify reversal price action from a Head and Shoulder Pattern. It's important to understand that Head and Shoulder Is a reversal structure in the market. When we identify these patterns, they are usually at the...
Hello everyone: Welcome back to a quick video on tradingview setups. Many of you have asked me about how you should set up your charts, your settings, customizations, watchlist..etc. So I will make a quick explanation video on this. Chart: -Create a blank chart -Save under different names for different purposes -candlesticks -timeframes -screens -syncing...
Hello everyone: Welcome back to another quick educational video on price action structures/patterns. Today let's go deeper into the continuation correctional structure. Specifically, the continuation bull/bear flag structure. First it's important to understand that a bullish/bearish flag is a continuation correction. They are representing a correctional...
Merry Christmas everyone: Hope everyone is well and healthy, and enjoy the holiday season as much as we can :) Back here with another quick educational video on price action structures/patterns. I am going to go into detail on double tops/bottoms type of price action. Many of you have asked me to elaborate more on what double tops/bottoms truly mean, and...
Hello everyone: I want to go over an important topic of scaling into the market. This is something more advanced in my opinion, and should be used cautiously when applicable. First you will need to understand that it's important to fully accept the risk when you try to scale in a trade. Essentially you are doubling down on a trade when you do so. What is your...
Hi traders: Hope all is doing well. I want to do another quick educational video on price action analysis. Many have asked me to elaborate on this topic, and I thought video is the best way to do so. So basic understanding of price action analysis is that after a strong impulse phrase in the market, we will get a period of consolidation (correction) before the...
In a strong trending market, it is important to find entries at the high probability zones i.e. Fib Retracements. Ideally within the .382 - .618 zones. It may be tempting to enter the market during a period of strong momentum, but itmust be known that every strong trend contains correction phases, this is where you capitalise on the trend momentum. Entering the...
Hello everyone: In this educational video, I will discuss how I utilize multi-time analysis in my trading. -What multi-time frame analysis does is to help us to get more clarity on what the overall market is doing from a top down approach. -Analysis should always start on the higher time frames such as Monthly/Weekly/Daily. -Then, drop down to the lower...
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...
Looking at the Elliot Impulses from the 2017 bull market start using 1.9 worked well to find the 5th wave extension target once wave 4 was identified. This is different from the usual target of around 1.25 to 1.618 max in a regular choppy market. 1.8 to 2.0 is a good region but it seems like 1.9 is a decent average. Things are starting to gets a little crazy...
I have been watching the price movement of bitcoin and I consider a possibility that the current price action is a very rare pattern of the terminal impulse, which consists of 5 waves, but waves of a smaller degree form the 3-3-3-3-3 pattern. This is not 100% true until it is completed, and serious trading decisions should not be made on this basis. However, I...
Channeling is the single most important technique that you must know in trading. Channeling: - can be used 100% of the time in all market conditions for both impulses and corrections. Price always travels in a channel until it breaks - there's never a single channel - there are always multiple nested channels and by breaking/bouncing off of their boundaries price...
impulse wave pattern is a technical trading term that describes a strong move in a financial asset's price coinciding with the main direction of the underlying trend. It is used frequently in discussion of the Elliott Wave theory, a method for analyzing and predicting financial market price movements. Impulse waves can refer to upward movement If you have any...
Introduction Digital signal processing (dsp) is used to manipulate signals and extract information from them. Among all the tools available, digital filters are the most common ones to use, in fact you are certainly using one during your analysis. In this post i will share some of the knowledge i have associated with filters and their properties. I will try...
Market moves can generally be categorized as either an IMPULSE move or a CORRECTIVE move. A fast and strong move is described as an IMPULSE move. A slow and weak move is described as a CORRECTIVE move. Practical Exercise 1) Pick any currency pair, any timeframe, and identify the IMPULSE and CORRECTIVE moves on the chart. 2) Draw a line on the IMPULSE...