On the left side we can see the anatomy of an uptrend and downtrend line.
On the right side we can see a few examples, which should help build a mental image of how they look and work, in action.
Trend lines are the foundation of technical analysis.
Uptrend lines are formed by higher lows and signify a bullish trend. Pullbacks don’t specifically get smaller...
Shorting bitcoin is dangerous period. But you can make a little profit on these shorts.
I don't like shorting until I see a red 2 count break the low of the red 1 count, there's a lot less risk doing that VS. shorting when the low of the 9 is broken.
Just depends on the level of risk you're willing to take.
At this point I'm almost inclined to say that this coin was purely created to scam people out of their bitcoin, to help Vinny earn back all the money he lost shorting bitcoin at $2,500ish. The development team, or so he wants people to believe exists, hasn't done anything development wise, there's no news on it, nothing.
If the dev. team, or lack thereof, did...
Here's an example of what happens when your Stop Loss on a short is triggered, and how to look to get back into a long trade based off T D Sequential.
Things can change very quickly that's why you HAVE to use a stop loss. Having your stop loss triggered isn't a bad thing, it's a good thing because you save money by losing small, you'll learn, and you can get...
I actually expect price to go higher than what I have set, but for now I'm going to stick with the math.
This is all theory as of right now, but the math works over.
Also, TD Sequential gives you a better entry point rather fundamental analysis does.
Yesterday Nov 3:
RSI oversold aligned with reversal zone, elliot wave correction wave 4 completion & bullish bat target gave us the signal to enter in correction zone.
Today:
- Fibonacci Extension level 1.618 aligns w/ Elliot wave 5 next leg up target $2 USD
Notes:
- wait for local high to be broken for entry to ride to $2 USD
- watch out for RSI to dip down
-...
1) The chart consists of blocks (a.k.a. bricks) which are the same size. These blocks can be bearish and bullish as in a standard bar or candlestick chart.
2) Renko chart does not take time into consideration so, if the Renko chart is set to (10), this means that the next block would not be formed until the price action creates an increase or a decrease of at...
I know it's hard for many of you to believe, but you must at least consider the alternative view. This appears to be a textbook double top reversal pattern.
stockcharts.com
From their website:
The Double Top Reversal is a bearish reversal pattern typically found on bar charts, line charts and candlestick charts. As its name implies, the pattern is made up of...
Everyday you want to watch how the market reacts around 10 am EDT. There is usually an options release that may be being protected. Sometimes the market will do a pull back at that time range. Watch candle patterns, BB, Macd and RSI for possible direction. SL easy to see and place. TP can go to an approaching MA or a set 10 pips or greater. Yellow 20 sma had 28...
EURUSD is adhering or responding to the Fibonacci levels all most all of the times. When trader wants to ride the trend this much information is enough to enter and exit trades. We are not trying to forecast the direction or the top/bottom. We are trying to identify important zones in which price may turn in Future.
Price patterns like double top or bottoms...
The most important step in a successful FOREX trading system is ANALYSIS, ANALYSIS, AND ANALYSIS. But after you make a great analysis, you know where price should go and when....what happens when price comes to your HITZONE? Thats where the next step in a successful system kicks in.
ENTRY TRIGGERS- one or more of the following: candlestick patterns,...
We had this stock in the Bottom Fishing strategy by VectorVest on the night of 2nd June.
Most people like different indicators, but they may not know how much successful rate of their favorite indicators give.
Most of the indicators are calculated by using moving averages. I still remembered my coach taught me to avoid these moving averages as named “MOVING” many...
You need to read the tutorial first before this post. Here is the tutorial :
This is an example of how to apply the concepts I explained in the oscillators tutorials.
I have numbered the text boxes so that you read them in the correct sequence. Start from the left hand side and move along the chart. In this example we have applied some basic concepts like...
Note: A prerequisite tutorial about trends is posted in the related links below.
Oscillators can be a very useful indicators in trading if used correctly. However misusing them will only return disappointing results.
Some of the most popular examples of oscillators are the stochastics, and relative strength index . I will use stochastic in this tutorial, but...
Price Action - Inside Bars
Hi i would like to run through one of my favorite price action patterns the inside bar which hopefully could help to improve your trading. They are very easy to trade, easy to see and can be very rewarding. They happen in every market and every time frame, although i find it is best to only trade them on the daily and 4hr tf's this is...
Support and resistance acts as a barrier from preventing the price of an asset from getting pushed in a certain direction. It is one of the more difficult concepts within Technical Analysis, there are various ways to identify these price levels, and even after identified, there are plenty of ways of integrating and trading with them.
Today I'm going to simplify...
How to trade Inside Bars:
1- put SL some pips under (over if short)
high value of the pattern
2- enter after the pattern is created
3- I usually trade with a risk/reward of 2
