A breakout occurs when the price of an asset moves above or below a significant level of support or resistance. For traders, identifying a breakout can be a profitable opportunity to enter or exit a trade. Here are some steps to help you identify a breakout: Identify the key support or resistance level - This is usually a level where the price has previously...
Identify a trend. Draw horizontal key level. Wait for a pin bar to form in a pull back to the horizontal key level. Enter at close price of pin bar. Trend: Up Level: Horizontal, EMA 10, EMA 20 Signal: Pin Bar Charts
Enter when these confluence factors are present. There is a Trend, Level, and Signal. Trend: Up Confluence Factors at the Support Resistance Level: Close Price 96.31 EMA 10 Close Price 96.24 50% Fibonacci Retracement Price 96.15 Horizontal Support Price 95.99 EMA 20 Close Price 95.31 Signal: Rejection Candlestick
Hey everyone, After calling a setup on Dash that failed to trigger, the same setup is back a few days later. Looking for more consolidation on lower timeframes and expect it to resume the uptrend soon. Take care, Vlad The Crypto Trader
Four factors must be considered in any transaction 1, trend 2, key level (structure) 3, signal 4, fund management FX:GBPJPY
One of the first most important and fundamental thing for any trader to do, is to properly define price levels on chart. Dealing with Bitcoin price in 2019 you can witness it's peak near 20 000 price range and as price went down by now to 3750 area, this means most traders will set their levels at closest round numbers like of course at the middle 10 000 and...
Here's another example of the larger time frame providing plenty of chances on the lower time frame. A healthy breakout is one with buildup against the level under attack. If we keep probing/failing....and STILL attacking the level from closer and closer, you know where the pressure is. I'm sure you already use variable size to consistently risk the same % of...
This is a great example for traders of all timeframes to study. I don't really have time for people basing trades on wide zones - that's fine for analysis, but for a TRADE, you've got to see the fight at a specific level. When you draw these correctly, you can get a really great picture of evolving sentiment and balance of power shifts. Most traders treat...
Here's the setup on the H1. Apply this to any time frame. If you're using important levels and trading at the right times, most healthy breakouts involve some version of this shape. Strong, confirmed breakout with a clear close past the level, a weak but steady pullback to the level, and then an immediate fail at support-turned-resistance.
This is the type of context shift we're looking for. The breakout bar shifts us from analysis mode to trade hunting....looking for lower time frame, healthy PBSR to risk off a level retest. See comment for H1 ideal entry. (These are not trades I took, I'm just building a solid study library and I suggest you do the same).