What is a Pivot? The word "Pivot" is used a lot, meaning many different things. What I am showing is the ''Old-School'' definition of that term. This "indicator" has been in use since 1970's with great results. Pivots are as simple as this: (H+L+C)/3 of the previous period = Center Pivot (P) in current period. The 'Support' ( Sx ) and 'Resistance' ( Rx )...
What is a Pivot? The word "Pivot" is used a lot, meaning many different things. What I am showing is the ''Old-School'' definition of that term. This "indicator" has been in use since 1970's with great results. Pivots are as simple as this: (H+L+C)/3 of the previous period = Center Pivot (P) in current period. The 'Support' ( Sx ) and 'Resistance' ( Rx )...
This is the second part of the training material on the method of capital management - pyramiding or scaling as it is also called. Let me remind you once again in the first part of working long with an uptrend, we earned $ 20,000 - $ 52,000 time. Read more about the process of working in long in this trading idea: Pyramiding How to earn 52000 with a risk of...
Pyramiding. How to earn $ 52,000 with a risk of 5% from 10,000 1 part. LTC/USD Jobs in Long. Money management by pyramiding or scaling. When building a "Pyramid" from money using the pyramid method - your foundation of the pyramid is knowledge and experience. One of the main features of this method is minimal risks with high rates of income. In let's...
What is a Pivot? The word "Pivot" is used a lot, meaning many different things. What I am showing is the ''Old-School'' definition of that term. This "indicator" has been in use since 1970's with great results. Pivots are as simple as this: (H+L+C)/3 of the previous period = Center Pivot (P) in current period. The 'Support' ( Sx ) and 'Resistance' ( Rx )...
The word "Pivot" is used a lot, meaning many different things. What I am showing is the ''Old-School'' definition of that term. This "indicator" has been in use since 1970's with great results. Pivots are as simple as this: (H+L+C)/3 of the previous period = Center Pivot (P) in current period. The the 'Support' ( Sx ) and 'Resistance' ( Rx ) pivots are calculated...
PUTTING IT ALL TOGETHER ======================= Window 1 shows the yearly candlesticks. Here I can see the long term trend is down. I can also see the real body of the 2019 candle is bearish (red) and is completely below the long term swing level at 77.217. This exposes the next lower support level at 66.19. I also know that it will take a new yearly candle,...
After I have plotted all the swing levels on the yearly chart I move to the monthly chart. Chart setup: On the monthly chart I show the yearly pivot points. These pivot points are plotted on the chart from the beginning of the year to the end of the year. I also drawn in any swing levels from the yearly chart that pass through or are close the the yearly pivot...
I start my analysis of each of the 22 currency pairs I trade by looking at the yearly chart. What? The yearly chart! Why? Because it is here that I find the most important swing levels. OK! OK! What is a "Swing Level?" A swing level is an important price level on the chart where traders make trade decisions. If there are more buyers than sellers at a swing...
“Dragon” is a reversal pattern that indicates almost the very beginning of a trend reversal. The formation of the Dragon tells the trader that market sentiment may change soon and the current trend will unfold. The figure is a more modified version of the "Double bottom" or "W" shape, while it signals the change of the bear market to the bull market. But there...
8H: 1H: 4H: 30m: EMAs used are 20/50/100. PAL (Price Action Levels) is used to automatically draw the relevant Open/High/Low.
Hi @FollowMyForex fans! After our last update, all our targets were hit netting us a nice profit of +43 pips. By actively managing the position we were able to identify a change in the market momentum, adjust accordingly and take full advantage of it! Gotta love it when a plan works out like this ;) On to the next!
I am going to show you how to use Pivot Points with TDI to make the best use out of the three powerful indicators: Hull Moving Average, Fibonacci Pivots, and TDI indicator.
Hi . Thank you for looking . . Its hard ATM for anyone to predict whats going on . I was trying to put some sort of channel on this and after doing so I dragged the pitchfork and they mach perfectly so why bother ... I think this is good look for now with this price moves . We can still see accumulation on smaller time frames witch its conforming...
Welcome to Part 2 of the series examining algorithmic support and resistance (S/R). Today we'll check out Apple Inc (AAPL), and how the algorithm defined S/R zones over the last 15 years. So, as I mentioned in Part 1 (see the Related Ideas link below), the algorithm incorporates a number of factors to determine, in real-time, viable support and resistance zones....
In the beginning of the video I lie, it is not July 27th, it is in fact July 17th ;) I talk about using Donchian close channels combined with Bollinger Bands and how they compliment each other in trades. Indicator link at the bottom of this page.
Welcome! Today I'll be demonstrating the efficacy of a method I've determined to identify and trade support and resistance (S/R) zones in real-time. Normally, traditional technical analysis requires a S/R zone to experience multiple validation events (touches, reverses, bounces), before it becomes tradeable. The downside to this method is that numerous...
Follow and LIKE if my work is useful for others. Buy at value low with excess and tail is perfection. Everything is mentioned in the chart. This chart showing you fair value working for a long time.