Hello everyone:
In this video, I am going to explain my reasonings on why I personally don't use MA/EMA in my analysis.
I will start off by saying that I have nothing against traders who use them and are consistent and profitable.
I am sure there are many who do use indicators in their analysis along with their trading plan, risk management that find success...
Accumulation schematic #1 Wyckoff Event and Phases
The Wyckoff Method was developed by Richard Wyckoff in the early 1930s. It consists of a series of principles and strategies initially designed for traders and investors. Wyckoff dedicated a significant part of his life teaching, and his work impacts much of modern technical analysis (TA). While the Wyckoff...
''Currently trading at over double the market capitalization of Toyota, With a production output of a fractional percentage in comparison
P.E should packed away in the gym bag and forgotten about till next term when it will be stagnated further, Maybe then NKLA will save the day with another IPO of broken promises
Ganja has been bombed and musk is Lightly rooted...
Hello everyone:
In this video I went over my recent trade on EURUSD short. What is my analysis behind it, and what is my management plan.
I also explained what I see in EURUSD in the up coming weeks, what are some possible scenarios that we can expect from the market.
In addition, I use this chance to talk about trading personality and style on trade...
Here's why most algorithms fail. They don't take into account the context you needed it to.
Here's why it's hard to correct that: you need something OUTSIDE of the raw number-crunching that you're doing in order to understand what's happening. If you're very good at that, you're already a profitable trader to begin with! In that case, it can be discouraging to...
Sticking with the intraday price action on AUDJPY again, we have seen another trading opportunity set up at the 75.00 big figure level.
AUDJPY in general, love the big figure levels, so when we see price reject at these round numbers we want to focus in on the price action on the lower time frames to see what other pieces of information can help us make a more...
Divergent bars help a trader identify a potential shift in the current price trend. Divergent bars are an effective technical tool for futures, options, and stock traders using any timeframe.
A divergent bar is defined as the following:
1. A potential shift from a bullish trend to a bearish trend is evidenced by the current price bar showing a higher high...
Backtesting Notes/Findings
// Price Action //
- Wicks are okay as long as candle closes blow most recent high/most recent low
>> Impulse candles should close below previous candle's wick, otherwise that's considered a break of recent low or high and retrace (lowers probability of momentum continuing in the direction of the impulse.)
- Careful of wicks and...
As many of you know, world famous Oliver Velez uses the simple 20 and 200 simple moving averages on 2 min time frame with price actions above or below these key SMAs for day/scalp trading involving narrow state versus wide state trend or anti-trend methods. The 20 SMA line uses different colors to indicate whether it is going up or down.
Against Oliver's...
QUESTION - WHAT ARE THE BEST FOREX TRADING STRATEGIES?
1ST - MACD TREND FOLLOWING STRATEGY
Step #1: Wait for the MACD lines to develop a higher high followed by a lower high swing point.
This is an unorthodox approach to technical analysis. But, we at Trading Strategy Guides.com are different. We don’t mind doing uncomfortable things if that’s what it takes to...
Rule #1 Define the London Trading Range
We’re going to use the range definition that takes into consideration only the body of the
candles, excluding the wicks.
Note* this trading rule can be adapted as you get more experienced at reading the price action.
This strategy works because the Asia trading range tends to attract buy and sell stops above
and below the...
Using swing points i.e swing highs and swing lows, to identify trends is one of the most basic techniques of technical analysis. This is also the building block for identifying price patterns and part of having high probability setups.
Swing points are the maximum or minimum points on a trend or range. A swing high identifies the rising price extreme while a...
According to marketkolor.com, analysis suggests that Volatility Trading strategies would likely be most successful at present. With market volatility proving critical for trader profitability, it is important to understand how it is relevant and how to trade it. The key factor is how rapidly prices are moving. The speed or degree of change in prices is called...
Bump and Run Trading Strategy – Sell Rules
The Bump and Run trading strategy is one of the best reversal trading strategies that you’ll probably ever need to learn. The psychological reason why the Bump and Run reversal is such a powerful pattern is because it takes advantage of the result of excessive speculation. This propels the price too swiftly to the extreme...
(Rules for A Buy Trade)
Step #1: Wait for the MACD lines to develop a higher high followed by a lower high swing point.
The first rule of thumb to recognize a swing high on the MACD indicator is to look at the price chart if the respective currency pair is doing a swing high the same as the MACD indicator does. A higher high is the highest swing price point on a...
Hello All, here I show you the details about bitcoin. Let's get started!
We have seen a huge push to the upside for the price and it's now entering the huge area of resistance too. In this chart work, I will give a highlight especially on the oscillator indicator that usually has a very important roles on my trading strategy.
Based on the RSI, we've seen a sign...
This method is not a magic trading formula, just another simple and easy to follow perspective on preventing irrational/emotional trades that get you rekt at bottoms at tops .
The Given: When price moves up fast and sharp, traders usually look to take profits resulting in sell pressure. It's also the same vice versa as when price moves down fast, traders ...
How to become a Master renkoashi trader
A renkoashi trader use renko chart consists of bricks ( renga), which proponents say more clearly show market trends and increase the signal-to-noise ratio compared to typical candlestick charts.
This technique is use with Ichimoku Kinko Hyo technical analysis to improve the accuracy of forecast price moves.
The renko...
