This is a Tutorial how to use the falling Wedge pattern as longing condition because its relativ reliable. The falling Wedge is a reversal pattern which will form during an uptrend, so it will interrupt the prior trend. Which isnt that easy to identify if you dont have any experience.(Tip just use the Indicator from tradingview it will work great and do a lot of...
What is the price? In simple word, the price is the fee that buyer pay for the output or product that seller offer to him/her. The price is the fee that buyer and the seller define as an agreement for the product. The most important key point is the agreement The price is the decision of the buyer for affording one concept and the decision of the...
Hello everyone: Want to talk a bit more about safe haven currency in the market. Since the recent tension between Russia and Ukraine, the safe haven currency could strengthen as a result of such uncertainty in the world. We will take a look at some past history of these currency pairs, how they react to the market at the time, and what could we reasonably...
Let's be honest: who doesn't want a magical computer program that runs on your computer and tells you the future price of your favourite ticker, be it EURUSD, GBPJPY, BTCUSD, XAUUSD. More so a automated trading strategy that runs in the background 24-7 and will trade away. Let's also be realistic : if someone has the code that can do this, they most likely won't...
If the pair moving within the price channel breaks the channel, the next target will be the channel width. Investment information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy service is offered individually, taking into account the risk and return preferences of individuals. The content,...
Chart Patterns | Triangles & Channels 1- Ascending Triangle :- An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows. 2- Descending Triangle :- In descending triangle chart pattern, there is a string of lower highs that forms the upper line. The lower line is a support level in...
Hello everyone: Today I will go over 6 main points on why you should treat trading like a business in order to succeed in this industry. 1. Business will have busy seasons and slow seasons. But overhead expenses will remain the same. So not every month can be profitable, same with trading. -Some months you can have more wins, some months you will have more...
From here (64 thousand) in the interval of 5 months to 90 thousand and 100 thousand and from there the correction of time to 45 to 55 thousand in the interval of 7 months to 1 year and then long-term ascent to 250 thousand to 300 Thousand
Here is a visual representation of an Elliott Wave Zig Zag with some common labeling mistakes. Also has some idealized Zig Zag guidelines as well.
two parallel trend line makes parallel channel in bearish channel buy at lower trend line sell at upper trend line repeat as long as price is trading inside a channel lower high lower low
Tips and tricks on how to use channels in conjunction with Elliott Wave analysis to determine high probability targets and objectives.
Hello everyone: Today I want to discuss a topic in Risk Management, specifically on when and how to move your STOP LOSS to BREAKEVEN or in PROFIT when you have a running profit trade/position. In an impulsive phase of the market, we want to make sure to protect our entry as well as secure profits. In this example of EURUSD, I managed to get 2 entries in, and...
From this chart, can be found that Bullish Shark Within Bullish Channel. This one of example for Bullish Retracement Patterns within Bullish Trend Channels shown in Harmonic Trading: Volume Two, Page 124 until Page 126 written by Scott M Carney. Bullish Harmonic Pattern in Bullish Channel or Ascending Channel may indicate continuation pattern in Channel or rather...
Hi everyone: Many have asked me about how to properly use trendlines to identify price action structures and patterns. So in today’s educational video, I will go over this topic in more detail. First, I use the trendline as a “frame” to identify structures and patterns, and NOT use it as a Support/Resistance. What I do is to put in the trendline for the highs...
Risk Management: How to filter trading opportunities if multiple setups of the same currency pairs are presenting entries. Hello everyone: Today let’s take a look at how to filter trades if multiple opportunities shape up on the same currency pairs. It's in our best interest to understand risk management. If there are trade setups shaping up for the JPY pairs...
Channel - uptrend A channel in the market is two parallel lines of support and resistance, which are formed by the price. This is comparable to a rectangle, only its support and resistance levels are horizontal; The channel almost always slopes up or down. As with a rectangle, there must be at least two peaks forming a resistance line and there must be at least...
Hello everyone: Let's take another detailed look into some parallel channels structures/patterns in price action analysis. Recall my previous educational video on Ascending/descending channel correction, they are higher probability reversal price action structures/patterns. Today I want to go over the horizontal parallel channel structures/patterns as well...
The Raff Regression Channel (RRC) The Raff Regression Channel , developed by Gilbert Raff, is based on a linear regression, which is the least-squares line-of-best-fit for a price series, with evenly spaced trend lines above and below . The width of the channel is set by determining the high or low that is the furthest from the linear regression. Because...