The Head And Shoulders Pattern
The first price action reversal pattern we're going to look at is the head and shoulders pattern. Without doubt one of the most popular and well known price
action patterns in the market, the head and shoulders formation is one which all price action traders need to memorize and understand if they want to become
good at spotting...
Hello Traders. Welcome to Chapter 4.3, where we will be learning about the 'Market Psychology' aspect of Elliott Waves . This is one of the most important and interesting proponents of the Elliott Wave theory as it constitutes all the psychological aspects within the whole market. If you have a clear understanding of market psychology within each level of wave...
Following price action is at the core of markets. One glance at a chart can show you a trend, trade idea, or serve as a quick way to check the holdings in your portfolio.
Candlestick charts are one of the most popular ways to look at price action. A single candlestick shows the high, low, open, and close for a specific time period. This means that a lot of price...
After a range or sideways area breakout, retracements in price action are always the best places to enter into any buy or sell trades- they have the lowest risk/highest reward setups and best risk management.
The True resistance/supply is within the range of the cluster of price action. It begins at the origin of the supply/demand imbalance. - for bearish...
Following price action is at the core of markets. One glance at a chart can show you a trend, trade idea, or serve as a quick way to check the holdings in your portfolio.
Candlestick charts are one of the most popular ways to look at price action. A single candlestick shows the high, low, open, and close for a specific time period. This means that a lot of price...
This is the beginning of what will probably only be a few posts about basic indicators/setups. Everything I chat about in these will be something that I personally use, something that is very simple to use, and something that is historically incredibly reliable. Something to keep in mind with TA is that there's a lot of garbage out there, and often times the more...
When is high volume in Forex daily? In between 10:00 pm to 10:00 am PST/USA. Why? because that is end of Asian, beginning of London and London/NY session overlap period happens daily. Please convert times to time zone or just put a hourly chart with volume on pair traded to check volume level.
If you day trade, this DTHVS might be for you, I mainly use hourly...
Classic Chart Pattern's
-------------
Reversal Charts Pattern's
Double Bottom
--
A double bottom pattern is
a technical analysis charting pattern that
describes a change in trend
and a momentum reversal
from prior leading price action.
The double bottom looks like
the letter "W".
The twice-touched low
is considered a support level.
Inverse Head And Shoulder...
Hello Traders,
Here is some Educational Chart Patterns that you should know in 2021.
Most of these patterns are seen daily in Stocks, Forex and different markets across the globe.
I hope you will find this information educational & informative.
Your support is appreciated with a like & Comment
Head and Shoulders Pattern
A head and shoulders...
Let's imagine you decided to become a trader. You are very motivated guy, study technical and fundamental analysis every day. Three months later you have learned a lot of information, know all about indicators and chart patterns.
Using these knowledges you developed your personal trading strategy, backtested it and decided that it's profit and accuracy are...
Hello Traders. Here, I would like to show the most commonly used and highly profitable patterns for new traders (and advanced!). There are two categories of patterns in terms of price action:
Continuation patterns
Continuation patterns are usually indications for traders to look for a signal that the price trend is likely to remain in play from a market...
Wouldn’t it be great to see the future? To see where turning points in price will occur with a high degree of accuracy? To see if a trading system that you developed or bought or learned actually works? Well, you can, with a method called BACKTESTING.
Backtesting performs three important functions:
1: It helps you IDENTIFY the reliability / win rate of your...
Going back to my analysis on the bigger time frame of NZDGBP, we can see the moving to take a closer look on the 15 minute chart, that the price action has made a lower high and a lower low signifying that the price action will or has reversed as it is at a key resistance level.
Additionally, we can see that we have divergence on the histogram signifying a loss...
Here's a couple of tips from me that might help in your trading. Those are just my opinions and all are belong to me.
Practice think practice think review old ones repeat repeat repeat. It takes a whole lot of thinking and a whole lot of practicing to be good.
Give your brain practice all the time like a muscle, and just repeat over and over. Look at examples,...
As Forex traders, it is very important to know when the Forex market opens and closes what is the availability of the market . Moreover, it is important to understand how do the different trading hours or sessions impact your trading strategy.
The Forex market opens and closes as well as the four global sessions.
Fx market is open 24-hours a day for retail...
Candlesticks represent where price action opens and closes in a given time period.For example, when looking at a 1HR timeframe, each candle will represent 1HR of price action and also show where the opening and closing price of that hour was.
Green candles show buy pressure
Red candles show sell pressure.
The larger the candle, the more variance in price...
I am clarifying mistakes they made in the previous video of bitcoin. The clarification is like gold because if you can recognize this kind of price action where the market fails to make new lows, this is often the first clue that a market is actually going to move a lot higher before it makes that move. So the pattern in the price action that I am showing you is...
I have not labeled this a short, pending study of price action within this critical zone. So, for now this is for study and educational purposes only. Study, study, study price action in this critical zone and price action. Price action within this zone is very key to whether we will see selling or a continued buy.
