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Our checklist provides a systematic process that fellow hedge fund managers and traders employ to analyse markets, from which the biggest trading decisions are made. We use similar versions to analyse major currencies, stock markets and other...
Just wanted to document how tracking the news should be an important part of EVERY trader's practice...
Take for example, an hourly chart of this week's GBPUSD...
In particular, notice how this week's MOST significant price action corresponds with two major speeches by UK officials.
In the first instance, BoE governor Mark Carney delivered a "dovish" speech...
Only way in VIEW to trade earnings, is make sure that you set up trades the day before. Use iron condors, strangles, straddles. Why? because most of the time you have no clue which direction price action will go after earnings, in the long term. Example of a $56.00 - $ 60.00 straddle. You get a premium or credit and profit from trade (your reward) & your maximum...
Long gone are the days where it's a simple "BTC UP, ALTS DOWN" and vice versa.
In fact, I would say that it now resembles more of a general "BTC UP, ALTS UP" and vice versa, though it's not as simple as that, with many small waves within waves, each with its own unique characteristics.
However, in the grand scheme of things, you can probably tell that both go up...
Big companies which have taken a very large price action DUMP, last 8 years are hard to trade. Only way that I would consider trading them, would be on a day trading or weekly basis only. Just because a company has huge volume of trading per day, over 20,000,000 and market cap of 178.97B does not tell much. Only, tells me is that they are to big to fail. I stick...
Just a review of three very important reversal patterns, that you need to know. *If you do not know them, read about them. Just like all reversal patterns higher time frames are better, related to less price action NOISE. Wish you well in trading and think about quality trading then quantity trading. Good Luck.
#1 Harami two candlestick pattern
#2 Engulfing two...
We can clearly see the behaviour of the novice traders, who are buying after a big rally in price.
1: major resistance valid from 2003
2: price action breaching overbought bollinger-band showing sign of buying pressure coming to an end.
ratio 1:4 (rounded)
I am publishing the end result of my EW wave count Gann angle time fib combination to show how it developed differently over time then when I projected it.
I discovered this combination of EW, W.D. Gann angles, time and normal fibs 2 years ago through observing price-action many many hours per day.
I still feel awe when it all fits and I call it grace as it shows...
Hello world!
I've been thinking about writing my story for a while now and finally decided to go ahead with! When I turned 19, it was the first time when my saving account has hit $100,000.
The first thing that I did was to invest all my savings into stocks. Back in 2012-2013 I made about 20% profit + all the savings I had during the year.
Before the oil...
The theory of flags
Flags are my favorite technical formations. They have a trend confirmation character, are easy to recognize and grateful when you trade them correct
Ideal-typical flag:
A bullish flag is a massive, strong volume move followed by several days of sideway trading sessions to lower price action on much weaker volume followed by a second,...
GBPUSD: A good lesson on harmonics pattern invalidation.
GBPUSD formed very good bullish BAT + bullish Butterfly pattern on 26 Sep 2016.
26 Sep daily candle closed above the critical price levels. A long should enter after that.
this pair did move up afterwards.
However, there was extreme price action on 3 Oct 2016. it was a gap down below the whole PRZ and...
The hammer is a bullish candle formation that forms at the bottom of a downtrend.
It begins with strong selling at the open but ends up closing near the open. It
suggests price action may rise in the near future.
NOTE:
This is only a valid formation when at a key level of support. The longer the wick to the
downside the stronger the reversal signal. The...
The hanging man is a bearish candle formation that forms at the top of an
uptrend. It begins with a strong sell off at the open but ends up closing
near the open. It suggests price action may decline in the near future.
NOTE:
This is only a valid formation when at a key level of resistance. The hanging
man can be both a positive or negative candle it...
The shooting star is a candle formation that closes below the open and
has an upper body wick at least twice as large as the body. It is a bearish
reversal pattern and suggests price action may decline in the near future.
NOTE:
The higher the wick and the lower the close with little to no lower
wick the better and more powerful the reversal. In order to...
This is basic stuff which keeps happening almost in all pairs & all time frames. Once you get the eyes trained to know this pattern, then only this setup & discipline will keep u on profitable side. Eye ball & try to find this setup in your charts & keep practicing it till u are comfortably finding the live trades in your chart.
After a series of lower lows we see the markets making new structure high and then it retraced ( pull backed) and then broker the new structure high. We can see the RSI divergence which means the previous trend is almost dead and loosing out of gas. But hey, Not every RSI divergence work, you need to have additional PA( Price action) to it. A setup like this. I am...
Hello, everyone. Welcome back to another edition of "thoughts about bat pattern". Today we'll continue discussing bat pattern types. We'll look at SNSI and SFSI types. They are very similar to HSNSI and HSFSI I talked in my last edition:
As you see the difference is only in XA leg.
With that being said let's skip to some statistics.
As usual I will first remind...
