STATEMENT This publication aim to explain as detailed as possible the IDF play strategy. To do so, we will analyse USDCAD chart and the inside bar that was printed on 22-04-2021. RATIONALE Why trading the failure of an inside bar? It's commonly known that retail traders will identify an inside bar as a reversal candle. Institutions and big players know how...
How to trade a temporary pullback and a breakout gap? Some security will make a temporary pullback before making a new high with a breakout gap. How to trade a temporary pullback? A trader may be bearish during the temporary pullback formation. A trader may consider going short during this pattern formation or the trader may consider waiting to avoid...
How to trade a throwback and a pullback? What are a throwback and a pullback? A throwback hits a new high price, but will quickly reverse and return to the initial price prior to the breakout. A pullback hits the previous major support, and will quickly resume the uptrend. How to trade a throwback? What are some of the reasons one may fail to trade a...
Quick Video Tutorial on how to use the TradingView Fibonacci Extension tool to measure Risk to Reward and even manage trades. Also how to combine the Fibonacci Retracement tool with Stochastics to measure pullbacks during a trend.
You can see today's rally in bank nifty . Generally what happens if there is a big rally then after achieving the top the index will retrace 20-30 to a maximum of 50 percent. Hence whenever you see green candles at 30 or 50 % levels of fibo retracement you can still go long in direction of the rally. This is the move where many retailers get trapped after selling...
Quick video of playing a High of Day breakout and how to avoid a big drawdown.
Rule #1: Draw a channel on a 1 or 4 hour chart. Rule #2 Identify If there is a Breakout on 1 hour or 4 hour chart. Rule #3 Wait for a Pull Back on a 15 minute Chart. Rule #4 After Pull Back on 15m, Make Entry. Rule #5 Find a Stop Loss Placement. Rule #6 Ride The Rabbit Trail to 50 pips with a TP Order! Rule #1: Draw a channel on a 1 hour or 4 hour chart. The...
(Note for professional Traders: If you have some experience on this strategy or if you feel like something is missing, please comment, so everyone can benefit from it :) Thanks in advance!) Hi Traders! Have you ever been in this situation: The market is clearly in an Uptrend. Big, Green Candles moving up. Making higher highs and lows. Breaking all the major...
3 Simple Tricks to Recover from a Drawdown like a Pro. In our private client area, we often talk about the importance of understanding drawdowns. The first step in dealing with drawdowns is to acquire the right mindset that is conducive to trading. Do you want to learn how to live through the daily drawdown that is almost inevitable and all traders must go...
We went to 80 no problem this is our second chance to jump on the train. -50%,+23%,+61% is all we have to look for. And here Ive marked all the over sold/bought dates to see if they track one another. If the 2 go with each other you see another bread and butter move. Over sold means buy and over bought means sell.
Looking at the 2017 bull market start the first couple impulses only pulled back to the 1.5 extension, it wasn't until price had actually doubled that it finally pulled back to the usual 1x extension of the 3 wave during the impulse. The lession is that when it looks like BTC is shifting gears from bear to bull market to be aggressive on the first wave of...
Observation: a) Market Stages: - Stock is currently in the beginning of Stage 2 (Mark-Up). b) Trend Line: - Price traded sideways nearly 4 weeks before moving up, turning Resistance into Support. c) Price & Volume: - Price spread is small with very low volume during its sideway move. - High vol. came when it broke the Resistance, currently turning it...
Hello traders I. Daily tutorial publishing challenge officially begins Starting today, I'll be publishing every night what were the setups given by the Algorithm Builder Indices . ---------------------------------------------------------------------------------------------------- You'll find more information about that script in this script...
Message to learn more about how to trade the basket pairs with this chart
Pennant Strategy • Break • Pullback Action: Observe and Measure results from July 17, 2019 to July 31, 2019.
Let 1st 15m bar close 1st bar closed below Kijun-sen, + vol, oversold %R, Red Macd bar Wait for a 23%+ fib pullback retrace 2nd bar 38.2%+ pullback & closed below 38.2% level Enter on open of 3rd bar 3rd bar CLOSE confirmed bearish bias because Volume+, Oversold %R, Macd red bar You find your own SL and TP
Enter AUDUSD after the Break + Close of Candle. AUDUSD is considered less volatile in comparison to other currencies. From experience trading AUDUSD, after a trendline break of diagonal support resistance, a retest is unlikely.
THIS PATTERN OF CANDLESTICK CONFIRM THE END OF PULLBACK!