Getting some promising results on backtesting using Renko candles with our 'Ninja Signals' buy and sell alerts script and wanted to share the idea with the TradingView community. Some traders prefer traditional candles, some prefer Heikin-Ashi candles, while others are currently testing Renko candles to find the most profitable configuration. There's so many...
After EURUSD retests to the 1.23800 resistance level, it will bounce back off due to insufficient buying momentum. This is a clear trading opportunity: simply enter the trade selling EURUSD when it has reached the resistance level, put your stop loss above the 1.23800 resistance level and take profit a bit above the 1.12500 support level to be safe.
-4h has reversed twice off of the Monthly resistance we have
-4h candle has also closed below our trend line
-On the 1h you can see how nicely price broke through the trend line, it technically already retested it and dropped so we may not see it happen again.
-Purple zone is in confluence with fib levels and where we had price drop on the...
Price on the 4h has just broken structure to the downside showing the maybe for the next few days or even weeks we could be falling pretty heavily. When you look on the 1h timeframe it looks as if EA has a lot of momentum to the upside, which it does for now but at the same time this could be an ABC corrective wave to the upside before...
Sell limits are the EASIEST ways to enter a profitable order. The sell limit is identified as a point, in market price, above current price, where --hitting a point of resistance, it is expected to the fall toward the demand zone. This example illustrates a simple 48 pip move that almost anyone can do :-) Make LOTS of money, and do it the simple way. Peace :-)
BENEFITS AND RISKS OF TRADING 101
a) Market Action
Market Action is determined as the summary of data showing the trading activities in the market, which determines the differentiation between the price of the currency on which profit or loss can be generated. The rate of change in profit and loss is provided in Market...
Hope this education helps!
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