Set up on USDCAD 15 minute chart with fib retracement extension tool: 1) Right Pair? Yes- USDCAD 2) Right Price? Yes, Enter at 1.20400 with stop at 1.20300 (10 pips) 3) Right Session? Yes, end of London beginning of London/New York session overlap. This is in the highest liquidity and volume times daily of trading Forex, which is from 10 pm to 10 am PST/USD...
DISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT...
After a range or sideways area breakout, retracements in price action are always the best places to enter into any buy or sell trades- they have the lowest risk/highest reward setups and best risk management. The True resistance/supply is within the range of the cluster of price action. It begins at the origin of the supply/demand imbalance. - for bearish...
You should do this on every trade you make, because right risk management will keep you trading - and not blowing your account. If you remember 4 thing before entering any new trades: 1) Right Pair 2) Right Price 3) Right Session 4) Right Time Yes, 4 out 4 is best above- but I will go with 3 out of 4 of above, if other things are supporting a trade. *Then...
1) Where do market prices turn? Demand (Not Support): Price turns higher at a price level where willing demand exceeds willing supply. Supply (not Resistance): Price turns lower at a price level where willing supply exceeds willing demand. 2) Who is on the other side of you, a PROFESSIONAL TRADER or a NOVICE? * 2 most important components to consistent...
You need to always asking questions when trading Forex related supply and demand. Yes, all of the who, what, where, why and how price action questions. This will help you trade with big banks and trading will be easier.
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In this video I explain how the financial markets work from the perspective of institutional banks or hedge funds. Having an insight into how and why the largest players in the market operate can significantly improve your own trading results.
Hi all, I am just new user. And, I found many good ideas in Tradingview to learn. Recently, I read article about market sentiment and trade against the crowd. Therefore, I try to educate myself and make an observation. This observation is for my personal note because the data is actually too little. My objective to share: If anyone read this, hopefully kind...
The previous setup on nasdaq failed to hold as the market turned bearish from the daily time frame. breaking through previous support area. We expected more bearish price action to occur before a full on bullish reversal wave to take place. Comment Like Follow Inbox Namaste
Drop, Base, Drop. This is the movement that the price makes forming the supply zone. It consists of a first push down, an indecision candle that we consider as a base and the last push down. This movement is the foundation of every supply zone.
Hello Traders😃 I have decided to make this educational post on a trade I took on the 5th of may which took profit after NFP✅ I believe there is a struggling trader who may be having difficulties putting it all together and creating a simple trading plan. The first thing to remember is that trading is probabilities so we try to get as many reasons as possible in...
The pattern that you can see in the graph is one one the most common in trading. It consists of a continuation pattern formed by a first push up, a correction with a channel, a retest and a new uptrend. Easy and effective!
Ask Yourself 4 Questions before taking any new trades? on attached 1 hour chart 1) Pair Traded? GBP/AUD 2) Price Traded? 1.78900 3) Session Traded? LON/NY 4) Time Traded? 6 AM to 7 AM PST *Before Taking any new trades! Also, note on attached hourly Gbp/Aud chart: 1) Bollinger Band- Price is at lower edge of band (or might be oversold?) 2) Volume- Simple...
You can use order blocks with scalping or day trading, just use higher time frames above your entry time frames. Both 4 hr and 1 hr time frames, I have found work great if you use 15 minute charts for entry of day trades. You should be able to put any weeks worth of hourly time frame chart on and place both the major bearish and bullish order blocks and see if...
Definition Of Order Blocks: * An order block is a defined area where buyers or sellers of smart money entered market & moved price away from its price level to a new area of interest. Why Order Blocks: * The market is engineered by smart money by means of creating levels within the market place for them to use at a later date and time. How To Identify Order...
Showing support is greatly appreciated and keeps up the motivation in continuous ideas and education for the community. Observe: 0.041895, 0.045950 Two prices that indicate structure, we can now quickly identify that both prices have been important in a direction, volume and liquidity change, thus giving us key identifiers we can label for reference when we...
The three black crows candle formation does not happen very frequently in Forex trading, but when it does occur swing traders should be very alert to the crow’s caw. The candlestick’s metaphor is three crows sitting in a tall tree. On the day the first black crow makes its appearance, formation is most predictive if the first “crow” or dark candlestick closes...