What Is a Bearish Harami?
A bearish harami is a two bar Japanese candlestick pattern that suggests prices may soon reverse to the downside. The pattern consists of a long green or blue candle followed by a small red candle. The opening and closing prices of the second candle must be contained within the body of the first candle. An uptrend precedes the formation...
Video Idea - To show that will Volume and Stochastic price movement and candlestick development can be predicted. (Also hours of practice)
Objective Attempted - Predict candlestick development and where price will move for 10 Min
Objective Observations - Blind, meaning without candles and stochastic difficult, but with those indicators it was easy.
Objective...
Price broke below the support we highlighted, however as there was no lower wick on the 1h breakout candle, price had no clear range to move down, so instead of moving to the lower timeframes to look for selling confirmations, I stayed on the 1h timeframe and decided to look for a break and retest setup, as it was not on a lower timeframe my confidence for this...
In this post I will demonstrate one of the techniques that you may use to filter unnecessary noise from the chart.
For that purpose we will use Three Line Break charting (invented in Japan) along with a Japanese trend indicator Ichimoku Kinko Hyo.
Line break charts were developed in Japan and popularized here by Jewish American author Steve Nison (the man who...
OmiseGo (OMG) Overview
OmiseGO (OMG) is a public Ethereum-based financial technology for use in mainstream digital wallets. OmiseGo enables real-time, peer-to-peer value exchange and payment services agnostically across jurisdictions and organizational silos, and across both fiat money and decentralized currencies. Designed to enable financial inclusion and...
Discovered pin bar which pull the price down from 8th January top and another Pin bar just formed on 11th of January which should act as counter price action effect of the last one that pull price down. With this I expect another re-test of the top level.
Let talk about Pin Bar. What is Pin Bar?
Pin Bar, which is short for 'Pinocchio Bar,' is a single...
Introduction
While this indicator is the first of it's type and has never been built before, it is as fundamental as a moving average!
The code complexity was very high which is the primary reason this has not been done before.
The indicator operates in real-time and does not change after it has been plotted as it has been coded in the latest Pinescript V3...
Note:
1. Statement:
Personally I use Tradingview as a great place to learn and grow in trading Knowledge and Skills , as well as recording my Own Trading Analysis and Trading Journal. Please Trade with care and Manage risks Properly by your own decisions.
2. Trading Education:
Since I started it from 2015, the enlightening book I have read is called by Steve...
Price overextension remains a widely misunderstood concept in trading, causing both novice and seasoned traders to make errors in their decision-making. This misinterpretation often leads to placing trades in the wrong direction or, equally detrimental, overlooking profitable opportunities.
In essence, price overextension signifies that the market has undergone a...
Strategy-
Indicatators used:
- TV Double Top (DT)
- TV Double Bottom (DB)
- TV Average True Range (ATR)
- TV Volume Weighted Average Price (VWAP)
Conditions:
5 minute time frame
Wait for DT or DB pattern to form
VWAP must be at 1 of 3 locations. At the support or resistance pattern itself, through or above the neckline for DB, through or below the neckline for DT...
Welcome to this two-part series on Harmonics! In this first instalment, we'll delve into the foundational concept of the Measured Move using the ABCD pattern. Understanding this essential structure lays the groundwork for precise trading decisions based on harmonic principles.
Introducing the ABCD Pattern
Price action in any market and on all timeframes tends...
In this guide, you’ll learn about all the different tools that are available to you on the chart. Specifically, we’ll be looking at the toolbars that are located at the top, bottom, left and right of the chart:
To summarize the chart above, the breakdown looks like this:
Top toolbar: Chart tools
Left-side toolbar: Drawing tools
Right-side toolbar:...
Breakout trading is a popular strategy among traders seeking to capitalize on significant price moves that occur when the price breaks out of a well-defined range. It involves identifying key levels of support and resistance and entering trades when the price breaks above resistance or below support. By catching these breakout movements early, traders aim to...
Harmonic patterns are known for their ability to provide effective trade setups. The Three Drives pattern is no different, and in this FXOpen article, we’ll delve into what this pattern is, how to identify it, and explore some of the best strategies for trading it.
Introduction to the Three Drives
The Three Drives pattern, sometimes referred to as the 3 Drives...
As traders, we all know the market can be unpredictable, but by understanding and utilising pullback trading strategies, we can take advantage of temporary price reversals to enter positions at more favourable prices. In this article, we’ll dive into the world of pullback trading, explain the concept of mean reversion, and look at how to use tools like the moving...
If you’re wondering how to trade Fibonacci retracements, you’re in the right place. Today, we’ll be breaking down why traders use Fibonacci retracements and how you can apply them in your own trading, and we’ll list our top tips for making the most out of Fibonacci trading.
The Fibonacci Sequence for Trading
Fibonacci retracements make use of the Fibonacci...
Understanding the Indicator: Normalized MACD and its Presets
Introduction
In this post, we will delve into the depths of the Normalized Moving Average Convergence Divergence (MACD) indicator and its presets. We will discuss the idea of normalizing the MACD, normalizing it to the deviation of high and low, and explain why this method provides a stable picture...
Hello traders, today we will discuss how to Avoid Fails Breakouts and Fails Breakdowns.
Have you ever witnessed a significant resistance level being broken and opened a long trade just before the market made a sharp move to the downside?
Have you ever entered a short position after seeing the price break-through support only to watch the market rebound?
You are...
