Shooting Star Candlestick Pattern Definition:
When the price highly increases during a day, but decreases to what it was at the beginning of the day or even lower, a considerable bearish retracement is occurred.
The candlestick of this price action in the daily time frame is a Shooting Star.
The Shooting Star in the daily time frame is a very strong signal for...
Price Action Trading Plan - Beginners
Step 1 :Before you trade, consider your strategy for the day and how much risk you are willing to take.
Step 2 : Determine whether the market trend is bullish, bearish, or sideways.
Step 3 : Plan for proper entry and exit once trends have been identified.
Step 4 : Avoid trading under duress. Be committed to your plans...
Hey Traders, a quick little video coming your way!
It is my 8 year anniversary with my wife, so I am rushing out of the door and cannot leave a detailed summary in text too.
The video goes over price action, key levels and some trades taken today on the DAX
Have a fab day and any questions are welcome!
Hey traders,
In this video, you will learn a classic price action pattern "Descending Triangle".
Main topics covered:
Structure of the pattern
Bias of the pattern
Triggers
Stop placement
Target selection
Real market example
Let me know in a comment section what pattern do you want to learn in the next video!
❤️Please, support this video...
Hi friends
i'll share with you some price action
patterns you should know .
I don't like posting a picture with 100 patterns .
I would like to post this in steps so that you can understand more and make things clear .
1- ascending triangle generally happens in an uptrend and is a bullish pattern , you can set your order after the breakout of the horizontal...
Happy Friday, ladies and gentlemen. The topic of our first educational post for the day is the following: Price Action vs Technical Indicators.
To begin with, each and every traders has his or her own strategy. Some of them would prefer using only indicators to open trades, some would use indicators as confluences, some of them do not use indicators at all and...
How to exit a trade when using Price action channel, TDI and ADX on a 15 minute chart.
I take a conservative approach you have possible made { did not exit the trade} 10 to 20 pips as all 3 indicators turn up on a 15 minute chart only be 10 pips from the bottom you need room to breath at first I set my stop loss 2 pips above the top channel as I make pips I...
When I started trading I was extremely excited about the possibilities that lay before me… The dream of changing your work ethic from “working for your money” to “putting your money to work for you” was intoxicating. I took every class, read every book, followed every “guru” I thought would help me get that ‘edge’, that secret sauce, to make me a great trader....
Today I want to share with you this topic: the 3 Entry Rules to Boost Your Trading Performance.
Over the 20,000 traders that we have coached over the time via conferences and talks we’ve done all over the world, we have found one of the challenges that traders have is that they find themselves locked into a trade and then being stopped out when they enter into...
Pin Bars
This price action strategy will focus entirely on a price pattern called pin bars. This candle is simply the price hitting a certain level and being “rejected” from it. This bar has a long tail on it with a small body.
There are different types of characteristics for a particular pin bar. For instance, the long end of the candle is the wick, while the...
When it comes to trading, there are a few key things you need to keep in mind in order to be successful. In this blog post, we'll cover four important trade tips that focus on price action. By keeping these tips in mind, you'll be better equipped to make profitable trade decisions going forward.
№1: Identifying the current market structure
The first step to...
The market is constantly in motion and constantly changing. Every new day is different from the previous one.
At some point, the market movement stops, the sideways movement begins and people start losing money because they do not know how to switch from one market structure to another.
At such moments, newcomers begin to doubt their strategy and blame it for...
In-depth look at Continuation & Reversal Correction in price action structures/patterns
Hi everyone:
Today I want to revisit the fundamental aspect of trading impulsive and corrective phases in Price Action Analysis.
As you all know I focus on multi-time frame analysis and forecasting/anticipating the next impulsive move in the market.
To me, the most...
![DE30EUR: Price action & key levels [Daily Primer 25.4/22]](https://s3.tradingview.com/i/I81nPJ00_mid.png "Price action & key levels [Daily Primer 25.4/22]")
