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...
Hi everyone: Many have asked me about how to properly use trendlines to identify price action structures and patterns. So in today’s educational video, I will go over this topic in more detail. First, I use the trendline as a “frame” to identify structures and patterns, and NOT use it as a Support/Resistance. What I do is to put in the trendline for the highs...
Closer look into Rising/Falling Wedge, Reversal Price Action structures/patterns Hi traders: Today I will go more in detail on rising/falling wedge correction in price action structures/patterns. You might have already heard about these types of correctional structures, and many traders who utilize them. Certainly there are many ways of traders identifying...
AUDUSD – Moving price action will go buyers way from now even higher Trend: Buy/ Neutral Support/Resistance: R2: 0.90968 R1: 0.90733 S1: 0.89759 S2: 0.89256 S3: 0.88320 S4: 0.86780 Price action: Buyers alredy prove strong break from previous daily high. This is giving buyers power and confidance on this trades. This trade is caught between buyers...
EURCAD – Price might go higher from price action perspective and followind weak Cad Trend: Buy/ Neutral Support/Resistance: R3: 1.46639 R2: 1.46382 R1: 1.46122 S1: 1.45886 S2: 1.45558 Price action: Buyers might be confidant because of Canadian Dollar weakness. Fear might be seen if the price reach higher targets. But still for long term decision, we need...
In the ever-evolving world of trading, mastering candlestick patterns and effectively interpreting price action can significantly enhance your ability to make winning trades. This trading idea aims to delve into the art of candlestick mastery, equipping traders with the knowledge and skills necessary to identify profitable opportunities in the market. Objective:...
What Is an Imbalance of Orders? An forex imbalance of orders exists when there are too many (either buy or sell) orders of a listed pair that cannot be fully matched by the opposite order on an exchange. This applies to either buy, sell, or limit orders. An imbalance of orders is also referred to as an "order imbalance." Good news would increase the demand (buy...
It was only after studying the works of Ehler that I started looking at the charts as frequency. It was something so obvious that was staring me in the face but I couldn’t see it. Ehler is by far my biggest influence when it comes to chart analysis and indicator development, what makes him different is his background in electrical engineering. Many of my scripts...
AUDCHF – Previous week was crazy, from both price action and news announcement Trend: Buy Neutral Support/Resistance: R3: 0.68363 R2: 0.67923 R1: 0.67621 S1: 0.67227 S2: 0.66872 Price action: Pirce seem sellers tok of the stage. But overall trade is still in buyers ayes. If sellers are enough strong then, they should push the price lower from R1. If buyers...
Hi guys, I would like to start sharing some educational charts concerning price action strategies, something I feel that is often overlooked by a lot of traders on here. While a lot of indicators can be cool and give you confidence in your trades, oftentimes they are quite ambiguous in nature, leading to some questionable trades at times. Not only that, but it's...
In this video I try to illustrate what happens following Parabolic Price Action (when price goes vertical up or down). In this example I show the initial move up in BTC and then roll price forward to the most recent move up in BTC. Both vertical moves were followed my reversals. Moral of the story is when price goes Parabolic (up or down) expect a correction.
Hello, Price action is a vital aspect of trading, and analyzing candlestick patterns is key to understanding market dynamics. The size of candles, representing the range between opening and closing prices, is crucial for traders. Large candles signal strong momentum and potential trends, while smaller candles suggest indecision or lack of clear direction. Traders...
🔴Multi-candle patterns are more reliable The more candles a specific pattern contains, the more reliable it usually is. 3 candle patterns are better than single candle patterns. 30 candle patterns are usually better than 3 candle patterns. Patterns like head and shoulders, double and triple tops are among my favorites, exactly because of this reason. They...
🔴Multi-candle patterns are more reliable The more candles a specific pattern contains, the more reliable it usually is. 3 candle patterns are better than single candle patterns. 30 candle patterns are usually better than 3 candle patterns. Patterns like head and shoulders, double and triple tops are among my favorites, exactly because of this reason. They...
Hello everyone: In this quick educational video, I will go over how I utilize Head and Shoulder Pattern/structure in the market. Specifically, how I identify reversal price action from a Head and Shoulder Pattern. It's important to understand that Head and Shoulder Is a reversal structure in the market. When we identify these patterns, they are usually at the...
Price patterns are patterns that were made by price based on the relationship between time and the movement of price on a price chart. They could be based on a single bar or candlestick, two or more, or even several bars or candlesticks. For now, I would be using just bars. They could be just for one session based on the timeframe or several sessions or days. The...
So that everyone can get the idea HOW crypto is really traded. Nothing magical, and those that think TA does not work in Crypto, need to go back to Stock trading where banks buy everything up for you forever and ever - until the day they wont. Either way we have entered the ABC correction, expecting side action for the next 24 hours, still bullish, nothing...
This is not a trade idea, but just a guide about what to look for when a trend is starting. 1) Almost always a market will consolidate (range bound) before a trend starts. 2) You can trade the top and bottom of the range, but usually you have no idea if the range will break at the top or bottom, so it is better to wait for a breakout to show you the...