I got a new education post for you. This is one of the first basics in the forex market. It is very important for you to understand.
Why do we need to analyze the Structure?
We do that in order to determine the trend. It is more easy to trade with the trend and not against it. Simply because you can catch more pips with one move. This is very...
How to identify trends and trend changes.
In downtrends - trendlines must connect the descending peaks - left to right
In uptrends - trendlines must connect rising thoroughs - left to right
"Trend is your friend unless it ends"- T. DeMark:)
1 - Preceding Uptrend
2 - New Swing High Green Candle
3 - Lower Low Red Candle
4 - Lower High Green Candle
5 - Enter: Break of #3 Low
6 - 1st TP Take measured distance
from #2 High to #3 Low
7 - You determine SL & 2nd TP
Step #1: Define the Trend. An Downtrend is defined by a Series of LH Followed by a Series of LL.
The definition of an downtrend is pretty much standard. In an downtrend, we look for a series of lower highs followed by a series of lower lows. Two LH followed by at least another two LL is enough to define an downtrend.
A lower high is simply a swing low point that...
Consider the common situation in Forex when price makes a move for 50 or more pips in one direction. It could be a sudden move covering a large distance in just one or two bars, or it could move steadily over many days. Whether the move surprises you or steadily makes tracks in one direction, it happens that you notice this market might be trending. Will it...
This is a 9 minute video that covers how to ensure you are trading on the right side of the trend.
Lots of good stuff on this topic, unfortunately it's impossible to cover everything in the 10 minute limit provided by TradingView for videos, so if you have any questions please feel free to get in touch.
Hello Traders. Hope everyone is staying warm. Snow and zero degree temperatures expected in Virginia.
Many traders use many different indicators. There are so many its impossible to tell which ones are useful. Simplicity is key.
The most important tool in a traders toolbox is the ability to deceiver the prevailing trend. Using higher high/ lower low analysis we...