The following conditions are preferable for an ideal Head and Shoulders pattern, although an ideal pattern doesn't mean have a 100% win rate: 1. The head zone should be in the oversold zone on the RSI indicator 2. Left and Right "shoulders" can be higher the top of the "head" part of the pattern 3. LL of the head should be closed not lower left shoulder's LL 4....
RSI can be beneficial in your trading if you use it correctly. This printable cheat sheet will assist you in divergence, so you can trade more precisely and increase your profits. To print this cheat sheet, Right-click the illustration below and then click Save as Picture. What Is RSI Divergence? With RSI divergence, the relative strength index of a...
Why I use cartoons in my education; After trading for 21 years, I really like to simplify my charts - when trading I tend to only use one indicator - and that is more confluence & confirmation than entry/exit. What I find that works well, when teaching students, is visual. Getting the message over in a fun way - it is easy to remember the content. In doing...
FOREX COURSE 101 - Lesson 7 - How to properly draw trendlines for better trading success.
I will go over the Bitcoin current structure and my personal analysis with my opinion regarding future price actions. It will mainly be based on Technical Analysis.
In this video we show how you can easily spot where liquidity is on a chart and how to use this information to profit from in your own trading Of course for a successful trading strategy, this is only a small part of the puzzle and you will need to add many more aspects of analysis. Please LIKE, SHARE & COMMENT on this video to show your support. Let me know...
Hey Traders so today I wanted to take a step back and show beginners how to papertrade the Forex Market. Although some believe papertrading is not the same as real trading. I believe if you take the papertrading account seriously you will gain many benefits. You will get experience, learn discipline, gain confidence, and test your results to see if you are truly...
TARGET : 180 ; STOP LOSS @ 152 As we can see there was a Consolidationbetween the Range 152 - 168 The basic idea was to capture the move after the break of RESISTANCE ( GREEN LINE ) , which has also acted as a Support that. Means it's confirmed that if the resistance breaks we may see a good move again ! market respectedThe support Trendline ( yellow line ) ...
Educational video on how to anticipate the end of corrective waves so you can rejoin the trend.
Sometimes we can get so caught up in the fear of missing out on the breakout that we forget it could be a trap. It is always crucial to listen to your intuition when you see these easy setups because more often than not they are more complex than they seem. In this example, a breakout occurred and buyers put stops below the last structure, a few days later this...
How many times have you heard that bitcoin is very expensive? How many times have you heard that Bitcoin is a Ponzi scheme? PERSPECTIVE. That is what is needed to combat some of the myths that surround this cryptocurrency, which will probably take part in the digital economy. Regarding the first question, is $1T too much capitalization for a finite,...
Today’s lesson is an introduction to the inside bar signal and how to trade it. It’s really one of my favorite patterns to trade, especially on the daily chart time frame. Why, you ask? It’s simple. The inside bar pattern shows a pause or indecision in the market, and depending on the surrounding price context it formed within, this provides us with an extremely...
Now use alerts fully with setting multiple alerts on your favorite watchlists...be as granular as you want!! Also explore the power of table labels for your favorite indicators !!
Wyckoff was a pioneer in the technical analysis of the stock market in the early 20th century. He established the Stock Market Academy in 1930. The main course is to introduce how to identify the dealer’s process of collecting chips and the process of distributing chips/judge. Second and third, in the basic law of "causality", the horizontal P&F count within the...
In this video i briefly go over a technique i use to scalp the 1 minute chart in forex This has been a very profitable way to trade for me i generally do this on the London open to close What are your thoughts........?
If you have ever looked at a chart or made a trade then you have most likely heard of support and resistance, but everyone has their own approach to identifying and trading it. What is it? Support is an area where there is a surplus of buyers. When price enters this area the buying pressure is stronger and price increases. Resistance is an area where there...
OREX TRADING COURSE 101 - Lesson 6 - How to trade uptrends and downtrends inside the Market Wave!
Now use alerts fully with setting multiple alerts on your favorite watchlists...be as granular as you want!! Also explore the power of table labels for your favorite indicators !!