By the time you are done with this tutorial, You will understand Structure, Trends, Reversals & much more! This tutorial will teach you how to dig deep into the charts & analyze where price is likely to go next!
Reading Structure can be difficult when you first start trading, however most professional traders (if not all) understand structure very well and it is...
The highly anticipated release of the How to read structure tutorial is finally here! Thank you for your patience traders, lets get right into it. In Section one and two of the how to read structure tutorial, we spent a lot of time going over the process that I use to identify potential reversals as well as what I consider to be confirmation of a trend reversal....
I felt compelled to spend quite a bit of time to create what I believe is an incredibly comprehensive guide to understanding the movements of the market. If you're tired of getting burned on every run, then look no further. Let's begin.
You might notice a handful of purple and black bars in this chart- their purpose is to designate "structures", or zones...
welcome to my second Video about fibonacci and how you should and should not use retracement- and extension levels. :-)
There is way more to say about resistance and support-levels.
Since I only got 10 mins. for a video I can just talk about small pieces and highly recommend you to check more about this topic.
I just wanted to give you an...
Just take a minute and study this chart.
Price has often the tendency to morph from a minor structure into a major one.
However, there are similarities and we can find them out by understanding the connections between the movements of price.
Study the chart peace by peace and you will learn more then if you read a new book about a new trading...
This entire thread will be for STRUCTURE!
In the "idea updates" column I will be posting all types of
corrective and impulsive structures!
When it comes to trading the waves, the 12345ABC we all
love to draw when we first learned about the theory will be
useless (most of the time)
What we should focus on is if we're in correction, and if so
how the heck can...
Hey Traders, Here is Section 2 of the "How to read structure (Charts) Tutorial". In this Section, you will learn some of the methods that professional trend traders use to bring home a profit week after week, month after month, & year after year! In this Section, I will be explaining-
- The Characteristics of a healthy trend (Chart 6)
- A simple method that makes...
Here's a clear example of price structure: a few days ago the resistance level at 123.00 (tested multiple times in the past) has been broken and now it has been retested as support. Today's candle seems to confirm such level is holding as support but wait for candle closure.
As you can see in the chart we're going ob on RSI, we've a pretty strong resistence at the 147.980 which will be reached in the next few days, these are clues for going short on the GBPJPY. First target may be at 142.45
Stay tuned on this trade!
I recently checked my long trade at EUR/GBP and got an interesting idea. I wanted to share with you not only about the mechanics & reason behind my trade but also about the currency correlation between USD, EUR & GBP that can some-how works in my favor. (Assuming we see some "Weakness" in USD when Market reacted to the Fed statements).
The Trade :...
Hey, traders. Welcome back to another edition of "thoughts about BAT pattern". Today we'll continue to discuss bat pattern types.
We already know about Four types:
HSNSP see it here:
SNSP see it here:...
USD/JPY - H1 - 2618 Trade Explained
Having had a double top and now approaching a retracement back into the 61.8% Fib level, we can now look for reasons to short the USD.
Unlike patterns we can't just place BUY or SELL orders in advanced.
Once we have completed the rules of engagement below, we are looking for confluence within a certain area that all...