How to identify if a correction is finished/completed and ready for the next impulse move ? Hello everyone: In this educational video I will go over how to properly identify a correction in price action analysis. I recently made a price action workshop live stream video that went over everything on impulse - correction, structures/patterns, continuation and...
Long term analysis shows NIO may still be extremely weak and ready to be a leader on the downside. Are the bulls here to stay and can they save NIO? NYSE:NIO
BA is in a major uptrend. I'm taking the easy ones this time. If only that were my mindset all the time. Anyway this is a much more clear cut example than my first attempt with the downturn predict. This example, there is a lot more data to work with and it is easy to draw in control and channels. Maybe a good thing to learn from this is not to try to predict...
Hello everyone: Welcome back to another video on risk management. Today I want to discuss a few possible entries that we can do in the market when we spot the next impulsive phrase of the market condition. I will break down the 3 types of entries that I always look for when I am about to execute a trade. Sometimes we will see all 3 entries present themselves,...
Hello everyone: Today I want to discuss news events in trading. Often when a news event comes out in the market, we get some sort of volatility and we get a strong spike/impulse. However, does news events affect our ways of understanding price action analysis ? Let's take a look at a few examples of the recent FOMC volatility that happened in the forex,...
Hello everyone: Welcome back to another price action structures/patterns video. Today let's take a look into the reversal Impulse price action from the market. I have back tested and seen these types of price action happen very often in any market, any time frame. Its signaling a very strong trend change and reversal momentum from the price. Let's take a...
We always want to trade against the weak hands in the market and get in at optimal entries. THis entry explains that very concept.
Hello everyone: Welcome back to another price action structures/patterns video. Today let's take a look into the “M” and “W” style structures/patterns. Many traders may use these types of structures/patterns in their trading plan/strategies. Let me show you guys my interpretation of them, and how I utilize them in my trading as well. It's important to...
Hello everyone: Welcome to a backtesting/charting session on price action analysis. Many have inquired about how to properly identify market phrases (Impulse phrase vs corrective phrase). In addition, how to use trendline properly to identify a structure/pattern as a continuation or reversal correction. This session will be the start to all these. So let's...
Simply switch this LINKUSD chart between the log and linear scale to see an ascending broadening wedge turn into a parallel channel. A nice example of this perspective.
in parallel channel there are two trend lines parallel to each other. You buy/sell at trend line. near the yellow arrow sign. you multiple resistance trend line fib retracement previous support now turned into resistance trade always have two part Entry and exit you have multiple resistance to sell and you exit at 100% projection of wave at lower trend...
The above chart shows what is called a “channel” in trading. It is basically diagonal support and resistance (a.k.a Trend-lines). The area in between is known as a channel. The red zone is said to be the perfect entry area for sells whereas the green is for buys. How To Find The Zones? Using the “Parallel Lines” tool, draw the diagonal S/R then measure the...
Here we have a nice example of a DESCENDING CHANNEL, which is a continuation pattern. The take profit target was to 1 : 4.5 (450 pips), but you could extend it even to over 900 pips. DON'T LET ANOTHER CHANNEL LIKE THIS UNTRADED ! ! !
Here we have an example of an ASCENDIN CHANNEL. Very good Risk To Reward (1:9 = 900+ pips). DON'T LET AGAIN a trade opportunity like this ! ! !
As you can see the market offers plenty of times 1 : 4.5 trades with over 450 pips each. It's an easy pattern to spot and to trade. GOOD LUCK THE NEXT TIME YOU WILL FACE A CHANNEL ! ! !
Here is an a example of a BEARISH CHANNEL. Successful top to bottom was 200++ pips profit each time (4 opportunities). Breakout was at 750 pips. IT'S A NICE CHART PATTERN TO TRADE ! ! !
It's a channel. Nobody really knows for sure why channels develop. There are loads of theories. I'm not interested. A channel is usually discovered late, obviously because the channel is evolving and then you see it. Unbelievable as it is, it is there. So what do you do. Well, I don't give advice. What I do is understand that there may be limited opportunity...
The pair coul not break the suppport. we can expect a move to the upside to test the broken channel.