There are 2 types of people that do countertrend:
- Those at the very bottom
- Those at the very top
(For those that did not learn maths post high school or is it in high school and didn't learn by themselves either: this does not mean that ALL people at the bottom or at the top do this... I think the majority of bottom feeders go for this, but for those at the...
This is one of some analysis that I was shared to my students on the group.
Based my experienced, I NEVER BELIEVE analysis using trend line ( diagonal line ) will give me high accuracy !!!
And this is the evidence, AUDNZD after price breakout the top diagonal orange line, the trendline trader , I am pretty sure most of them thinking price will continue up and...
At 16:00 on July 4th, break the low point on the left and turn into a short-term idea. Left structure 8738 pending orders, small size, long-term trading
According to the Black Mamba trading method, the original SL is placed at the high point of Zone A.
Note: Please protect your position.
Pay attention to the price of the KEY LEVEL response. KEY LEVEL is the...
X point is a structure, hoarding a large number of unfilled orders
Point C is the high point created by the X structure.
Point B is the first test to sell the X structure, and there is no new low.
Point A is the rebound of point B after the X structure test.
So if the buy order for the X buy structure is not strong enough, then why is there a point where point...
This is not meant to be a signal or a trade idea! This is a long term analysis of Eur/Usd using a Weekly Time Frame With A Line Chart.
So as you can see, Price broke Support and Came back up recently to Retest WEEKLY SUPPORT NOW TURNED RESISTANCE.....
This gives me the idea that the EXTREME LONG term bias toward Eur/Usd will definately be down into the next major...
EURGBP daily timeframe June 28, 2019
You see trendline orange ??? If yess, if you are trendline trader, I'm pretty sure you will open SHORT POSITION directly .
But from my experience , what I can say is TRENDLINE in many proof, like this now EURGBP , you see price keep moving up , and breakout trendline !!! However, my past experience teach me to avoid using...
Hey all, as you can see i'm trying out methods, i'm trying to see what works for me so apologies if you are wondering "why does he keep changing entry types etc"
I'm by no means an expert trader but I promise you I will get there.
Im using supply demand areas
Hoping this will work out for me.
Apologies for poor quality of sound my...
as you can see in the picture, these days the BTC is facing with its most important resistance area in weekly time frame.
during this weeks if the price can breaks that, we will have a new long term buy signal! and if can't, we will encounter with the unbreakable support area at the blue zone.
As the week comes to an end I would like to leave an important lesson on how important it is to look at the higher timeframes.
I've struggled in the past simply because I would not pay attention to the bigger picture and not respect it enough. When you begin to add this to your plan, you give yourself an advantage that most traders do not consider. Most want fast...
I am going to explain the basics on what to look for to learn how to trade Nifty 50 Indian Index and locate turning points in the stock market.There are many technical analysis trading strategies you could use to learn how to trade Nifty 50 futures and stocks within the Nifty 50 Indian index. In this video we are going to explain what you should be looking for on...
First of all, the most important thing to remember is the support and resistance levels are not exact numbers. Often times you will see that market broke the support/resistance level but in reality, it was just testing that level. To filter out these false breakouts you should think of support and resistance...
1. Sideway at Supply Zone (DISTRIBUTION)
==>> Place Sell Limit at resistance zone
==>> Stop loss should be 30-50pips above shadow
==>> BIG LOT advice = you must know how big your capital is and risk with lot equivalent to 100 pips
2. Breakout Tips (For Short Scenario on this USDCHF)
==>> Wait until break confirmed with new Lower Low
==>> 25% CHANCE...
If you are using tons of tools to identify supply/support and demand/resistances zones. STOP.
All you need is to apply this simple approach using past price action.
Switch to line chart on M, W and Daily timeframes and identify the Lower closes where price bounces. Map the zone to the left et voila.
All these zones are likely to represent...
Accumulation taken place in late 2018 until February 2019 when the mark-up phase began to develop.
Lesson: forget about the news, earnings , etc. This is a pure example of stock manipulation.
Check volume for selling climax, spring and earnings report like the one on the 30th January to break the range.
Well played by the composite operator.
Bullish orderblock, known also as Demand zone.
You will have seen many times marking those blocks on my charts and calling them either orderblocks or demand zones. What are those areas?
Those areas act as levels of liquidity for bigger players (whales) that trap people and refill their orders.
"A bullish orderblock is a Down candle before a sharp move up that...