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 chart might have errors, but generally outlines the notable economic bear markets in US Source Credit: www.history.com
The chart might have errors, but generally outlines the notable economic bear markets in US
This is how I use Market Structure and Multi-Timeframe Correlation to look for entry areas
Boxes are drawn on the chart of any timeframe, depending on the trader's preference. Typically, drawn on the - H1 timeframe identifies short-term, weekly trend and interim support & resistance levels - H4 timeframe identifies medium-term, monthly trend and key support & resistance levels - Daily timeframe identifies longer-term trend and major support &...
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...
What it is? Candlestick rejection strategy is a pure price action swing trading strategy. It makes use of the concept of price rejection or candlestick rejection patterns to invalidate counter-trend momentum for a trade continuation. By applying such candlestick rejection strategy onto swing trading, it allows trades to capture spots at which market prices are...
examples with actual price in a downtrend explaining my POV
This is a downtrend breakdown from my POV when looking at a less simple market.
This is a chart breakdown regarding my market structure rules.
This is how I view market structure once it becomes more rigid than smooth.
This is a complex view of market structure not many people speak on.
Welcome to the copy shop everybody and let me bid you a hello from the back of the baristo bar. This video is very casual, unscripted, and yet extremely informative. First off let me make sure you have your copy of this script "The Heiken Ashi Algo Oscillator" I'm hoping to use this particular video so that you guys can come back into the comments area...
Let's see how the characteristics of a reversal and a pullback differ. 📈 A pullback: - Usually occurs after a strong price movement; - It does not last long; - The fundamental (macroeconomic) data does not change; - In an uptrend there are hints of its continuation, similarly for a downtrend. 📉 Reversal: - Can occur at any time; - Long term; - The...
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!
Intro Trading with leverage simply means borrowing money to put on a trade. Leverage is one of the many tools available for traders who seek to generate higher gains on their capital. Brokers have strict rules that govern the use of leverage, but this article is not aimed at teaching you the complexities of borrowing from your broker. Instead, the aim herein is...
a very obvious visual but necessary to share, I don't want any of you to fall into this madness of praying for a trade to work this is a reminder to not fall into FOMO trading to counter this, you need to remind yourself about the type of trades you are into, are you in an intraday swing, are you on a big swing that could take weeks or months to happen ? then,...