Hi Traders. Today, we are going to discuss about Type 1, Type 2 & Type 3 Rejections that I personally examine prior to taking any Reversal setups. Are you someone who has multiples reversals strategies, but often when the trade lines up, you find it difficult to determine whether you should pull the trigger or not? If that's the case, there are two possible issues...
Trading volatile pairs is like knowing what's in season and not in season. Whats hot and not hot. Who is in and who is out. In this video, I am going to show you what high and low volatile pairs look like and trade examples.
Do you know what it looks like when you don't have a trade? Let's face it, there are a lot of videos that tells you when to place a trade or how to trade, but not when not to trade and that is what I'm showing you in detail today. I hope you enjoy my mini Ted Talk, I mean mini lesson.
D- Shaped Profile (see chart) Looks Like A letter "D" Temporary balance between buyers and sellers Usually heavy volumes get accumulated there Institutions are entering their positions and they are getting read for a big move
POC (Point Of Control) line POC= Point Of Control (place where most volumes got traded) POC= Place where institutions were accumulating their positions the most. Significant reference point for market participants Most important place in any Volume Profile (no matter the time frame and shape) Volume Profile is thickest there Big Banks and Hedges can not...
Hello Traders, Here is the most simple & easy explanation about a Range. In this Lesson I will Show you how to Identify & Trade a RANGE! These patterns are seen daily in Stocks, Forex and different markets across the Globe. I hope you will find this information educational & informative. Your support is appreciated with a follow, like & Comment ...
The highest liquidity and volume in Forex daily is from end of Tokyo session to end of London session. This is best 12 hour time frame time to trade Forex is in between those times, if you are scalper or day trader. Noted on 1 hour chart of AUDUSD is noted times from 10 p.m. to 10 a.m. (PST/CA/USA times)= you need to change to where you live. What happened...
Good Morning traders! Today I have a great example of order protection and liquidity building. This is something that I have been speaking about for a long time and this current PA shows it well. The blue boxes show places where large orders have been placed and and initiated moves. See how price returns to retest these areas?! this gives the Banks, Whales and...
I generally like trend lines because of the basic information that they convey - a trend. A trendline going up and to the right suggests the trend is upward! A trend line going down and to the left suggests the trend is downward! You don't need to overthink it. BUT you also have to remember that if you chose to trade a trendline you need to be willing to sit on...
This is a good example of the relationship between supply and demand, accumulation and distribution (see the 1m chart insert from Friday 17th September). Price is constantly fluxing between the two forces deciding who has control of the market. At the point where the recent high fails to break, this is a strong signal that sellers could be in control and shorts...
If you look on many daily charts you will see, that the 50% to 0.618% Fib Retracement Area is often a core support point for any swing on the daily chart. This can be used as part of your strategy and/or edge
What Is A Hammer Pattern? A hammer is a price pattern in candlestick charting that occurs when a security trades significantly lower than its opening, but rallies within the period to close near the opening price. This pattern forms a hammer-shaped candlestick, in which the lower shadow is at least twice the size of the real body. The body of the candlestick...
Example Chart Is: The Doji Sandwich Strategy (Bearish/Sell) Three candlestick setup is: 1) Large Red Candle (1st one) 2) Small Doji (undecided) Candlestick with body within the 1st candles body 3) Large Red Candle (Continuation) *You want to start a trade at open of 4th candlestick with appropriate stop loss, targets and risk management.
Example Chart: Down Trend, then Reversal Upwards Morning Star (Three Candlestick Signal/Pattern) 1) Large Red Candlestick 2) Undecided Candlestick (small Doji) 3) Large Green/Blue Candlestick- going up at least 1/2 way of 1st Large Red Candlestick *Trade Bullish or Buy trading is indicated after this bullish morning star signal or pattern occurs afterwards-...
Compression is the term every trader should understand. Reading the price is most important in the technical analysis of forex trading. Like if the price is changing at a fast rate then you must know the reason behind it. If you are a technical analyst you should use only technical tools. Like why the price is forming big bullish candlesticks at a certain zone or...
What is an Ascending Triangle Pattern? Ascending Triangle Pattern is a continuation pattern that means when it plays out it will continue the preceding trend. It is created by price moves that allow for an upper horizontal line to be drawn along the swing highs, and a lower rising trendline to be drawn along the swing lows. These two lines form an ascending...
Elliott Waves (How To Trade): Rules and Guidelines Rule 1: Wave 3 Is Never the Shortest This rule means that Wave 3 is always longer than at least one of the other two waves (Waves 1 or 2). Usually, Wave 3 is longer than both these waves. You should never look for Wave 3 to be shorter than both the other two waves. At times, Wave 3 may end up to be equal in...
Very often the main issue for traders is to just on time (quickly?) spot on chart correct patterns that may warn traders about incoming to market Supply or Demand. Everyone tries to catch reversals as this is beginning of potentially long new trend. And asking yourself try to answer honestly to yourself - how often you skipped the move because you didn't notice it...