Ranges are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout...
Basic Guidelines: Timeframe – ANY Market – ANY Indicators – NONE OTHER – Trend lines, horizontal lines, support resistance lines (anything to help you find these areas). Step 1: Find a Pin Bar On Your Chart. *Note This is a stock price action strategy, and a forex price action strategy. I will use a currency pair as an example. Price action charts are with any...
Hello, My friends/fellow traders Here is a short video showing the indicator TRADEMASTER ANALYZER in action. TRADEMASTER ANALYZER works on all timeframes and any market type. It also supports different types of trading styles mentioned below. What is Trend Trading? Trend trading is a trading style that attempts to capture gains through the analysis of an...
Trading Ranging Markets with Keltner Channel It is said that the number one account killer in the market is a ranging market. Consolidations are very difficult to trade. However, you can take advantage of the difference in the way the Keltner channel system can be used in combination with other technical indicators. The price won’t really touch the bands when it...
Breakouts are found using Trendlines - Horizontal Sup/Res Ranges - Channels. Finding the opportunity to see the 2nd or 3rd breakout increases breakout success. Use a tighter stop loss on a 15m chart helps reduce risk. If caught in a head fake - with a lighter stop loss - watch for another breakout setup. Hold for a longer intraday or daily trend move.
Big Ben Indicator shows the Asian Session Range Big Ben Indicator shows 1H pre-London area Big Ben Indicator shows 1h London Open area Big Ben Indicator shows pre-London Stop Hunt Breakout Big Ben Indicator shows Sell Signal as London Opens Big Ben Indicator shows the Entry Price level Big Ben Indicator shows adjusting Trailing Stop Big Ben Indicator shows Take...
Big Ben Indicator shows the Asian Session Range Big Ben Indicator shows 1H pre-London area Big Ben Indicator shows 1h London Open area Big Ben Indicator shows pre-London Stop Hunt Breakout Big Ben Indicator shows Sell Signal as London Opens Big Ben Indicator shows the Entry Price level Big Ben Indicator shows adjusting Trailing Stop Big Ben Indicator shows Take...
Big Ben Indicator shows the Asian Session Range Big Ben Indicator shows 1H pre-London area Big Ben Indicator shows 1h London Open area Big Ben Indicator shows pre-London Stop Hunt Breakout Big Ben Indicator shows Sell Signal as London Opens Big Ben Indicator shows the Entry Price level Big Ben Indicator shows adjusting Trailing Stop Big Ben Indicator shows Take...
Rule #1 Define the Asian (London) Trading Range We’re going to use the range definition that takes into consideration only the body of the candles, excluding the wicks. Note* this trading rule can be adapted as you get more experienced at reading the price action. Who knows, maybe you’ll be able to discover some price action tendencies around the London open that...
This Price Action Flow Chart was provided by Jennifer Thornberg
Sometimes, price bounces between two specific levels for long periods of time. In times like these, we have what we call a “ranging market.” LEARN MORE
Rule #1 Define the London Trading Range We’re going to use the range definition that takes into consideration only the body of the candles, excluding the wicks. Note* this trading rule can be adapted as you get more experienced at reading the price action. Who knows, maybe you’ll be able to discover some price action tendencies around the London open that no-ones...
A lot of people asked me what to do in the case when the price is stuck in consolidation. You can use Fibonacci retracement and create a range (0, 0.25, 0.5, 0.75, 1) and put it from swing low up to swing high. By that, you will create key points where the price will react on during consolidation time. You can use it on all Timeframes and it does not matter if...
AVOIDING FALSE BREAKOUTS 1. Declining Volume and ATR/Volatility. 2. Candle Close Outside the Consolidation 3. Significant Volume on the Breakout. 4. If You Get Head-Faked, Close the Trade. How to Avoid False Breakouts Prevent a Head Fake You can't avoid every false breakout. There is no magic formula. There is no way to know what the market is about to...
Question during my cooking show live stream was how do i determine a trap or a fake out? First of all i think everyone that trades a different methodology determines a fake out in their own way depending on their methodology the retail traders trades. Using the Supply demand methodology i explain how i determine traps. When i pull up a chart and i see an area...
HOW TO GRID TRADE: The Good, The Bad and The Ugly (Tutorial #5) DID YOU KNOW? The cryptocurrencies you’re holding right now could be generating passive income. Even if you have small holdings or limited capital THIS can become very profitable with a little known strategy called GRID TRADING. EXAMPLE: 11-DAY GRID TRADE EARNS 19.27% PROFIT EASY TO...
You can't count cards in casinos, but you can count bars in price action. No matter what pattern you trade, I would bet that if it falls out of of the pattern in less than 5 bars, it's not going to happen, so don't waste your time. Come back to it later. But, if it holds the pattern for 10 bars, it's probably going to continue in the pattern for 20 to 30...