We see many trend patterns while trading. One of them is ascending Triangle.You guys may rote that ascending Triangle is always bullish and it will be always bullish. But why it is bullish? Can't it be bearish any time? If not, Why? If yes, when? If you are finding the answers of these questions,this article is for you. Don't escape any line. Please read the full...
Hi, traders! Today we’ll continue our series of educational articles. We hope you enjoyed the previous one and found it useful. We have already told about the necessity of identifying a trend . Most of freshmen and even experienced traders find it really difficult. There is even more difficult problem, though. Finding the most profitable points of entrance and...
Hey TradingViewers! How's it all going! I was planning my upcoming trades for this week and came across a great example of When Support becomes Resistance, and Resistance becomes Support! I'll explain why i place each of the levels, and why i place them where i do, why that's important and perhaps most importantly, how to trade it! So let's get to it. I've...
Unidirectional Trade Strategy STEP 1 - The first step to start trading is to choose the right market to trade and the best time of the day to trade. You chose a market and you stick with it until you master it. For the purpose of his unidirectional trade strategy review, we’re going to stick with trading FOREX. Moving forward, we’re going to lay down some rules...
Morning Traders - The next in our series of education posts is going to focus solely on Psychology. specifically regarding the psychology of OTHER people in the market. Once you nail this topic its going to give you a huge edge on the market. Any trader is always looking whether the next few price swings are going to be bullish or are they going to be bearish?...
Hello, dear friends🧡 The main types of displaying the price chart: 🔹 line ; 🔹 candles ; 🔹 bars . 🧐What type are You using? If You like my EDU posts, support it with likes💋 Stay in touch🧡 Sincerely yours Rocket Bomb🚀💣 More about Candles 👇🏻
Bitcoin best trend line breakouts have been at beginning of quarter. Will it be different this time. Box in yellow 1st two months of red candles after green. Add multi-time period charts (quarterly true range). Add yellow trend lines. Add dotted horizontals where weekly SPX closed above 100 WK MA . Add white horizontals to indicate high of last two red candles....
Part 2 here is all about CONTROL . As I said in part 1, people tend to equate green candles with buying and red with selling but the default coloring is wrong and does not reflect the actual actions of smart money. Like color, a common misconception is that if the day is red and way down, people are selling off. The reality is most of the time the market is...
This is a good example of using support to your advantage when trading. If you look at the two highlighted areas at support price created bullish engulfing candles. It was a matter of time before price was going to take off. Finally price slow down giving some consolidation this could be a potential entry for a buy. Been able to secured an overall of 160 pips...
Noted weekly price action with 1-hour candles is what I do to get better at Forex trading (break down charts, with pivots, Fib ret, trend angles, etc...) Quality Trading can be limiting yourself to trading best setups, only one to three times daily if you are a scalper or day trader. If you lose 1st two trades (stop), if you win 1st trade then can trade 2nd...
There aren't really any investment tips here but I'll be focusing mostly on the current look at the market structure. Here's basically what I'm seeing right now. 1. Moving averages (4H timeframe) We're looking at the 25/50/100/200 moving averages and they're all bullish right now and they have been for a few days now. Natrurally after a $300 candle things are...
Today i described the spoofing that was going on with ETH, almost step by step. I will post all the messages here below, look at the signs and try not to get fooled by these cheating bastards. 1) 4 hours ago Comment: Ping Pong action again, always the same when volume drops to these levels. Nothing really changed, except that we have a resistance now around...
Not every is perfect, but yea lets not make assumptions or draw our own angles and lines and wedges and triangles and so on. During my early days of trading, i saw a college intern scaling many lines on the chart, and what was interesting is, it was on 1 minute chart, i could barely see the candles. I asked him what was he trying to establish, he smirked and said...
This is a nice case study in the usefulness of mating momentum indicators (if you could call averaging out candlesticks a la 'Heiken-Ashi' an indicator...). 'Heiken-Ashi' translates to 'average bar' in Japanese, and aside from being aesthetic as hell they're also a great way to cut out noise. Since the Heiken-Ashi candles are formed from an average of the...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Technical Analysis 101!! Interpreting the candlestick This type of chart is an extension of the bar chart as discussed and is actively utilised by the investors in China for more than 500 years of time period. It helps in providing the information regarding open, close, low and high in the dimensional format. It can...
Top chart is USDDNY and below BTCUSD. Using Hollow Candles to Log Scale. Blue verticals correspond to months when both markets had red candles. Signal explained on chart. Can't predict todays outcome but Yuan had the same bad month at the start of this bear market as back in the 2013-14. They were the first actors in at both starts and they may be the first actors...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Basic Technical Analysis Interpreting the candlestick This type of chart is an extension of the bar chart and is actively utilised by the investors in China for more than 500 years of time period. It helps in providing the information regarding open, close, low and high in the dimensional format. It can be seen...
#GBPCHF - A student of > Profiting Me < asked questions about this group of candles. He knew that he can expect a rebound. The price was climactic and the marked reacted because of this. Now, after the increase of the supply, the price is hesitating to decline, because the pressure decreased. What you see in that group of candles is just the Supporting Demand on...