As part of a thorough trend analysis you can use the 1 hour to determine the condition of the current trend and how it will determine the condition of the following Mark-up or mark-down phase. (In order to draw anobjective channel i suggest activating the linear regression indicator) As a visual aid/reference imagine the upper line of the channel as your supply...
A game of support and resistance is just like ping-pong! If you are trading the trend and you feel frustrated, then just remember, frustration is a sign of unrealized potential. "They" could be "ping-ponging" you. :)
DISCLAIMER: Trading Forex involves risk and you may lose more money than you started with! These posts are not to be taken as trade recommendations or 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...
Identifying price action and support and resistance to break down charts and their future moves.
XAUUSD GOLD TRIANGLE - GOLD GETTING SQUEEZED + DEMAND ZONE + FIB
GBPJPY DEMAND LEVELs + FIBONACCI - Sorry for not posting last week. I was away on holiday. This is my view on GBPJPY Next week
GBPUSD DEMAND LEVEL + FIBONACCI - Sorry for not posting last week. I was away on holiday. This is my view on GBPUSD Next week
The image describes a demand cluster zone and shows how price reacted to this zone in this example on Bitcoin including Support & Resistance Flip
Welcome traders to a free analysis breakdown. Today I am highlighting possible trades on GBPAUD, if you any questions on the pair let me know in the comment section below. I will be looking to take a trade on the pair if our trading rules are met over the next few days. I would suggest keeping this pair in your watchlist to see if your own rules are met. If...
DISCLAIMER: Trading Forex involves risk and you may lose more money than you started with! These posts are not to be taken as trade recommendations or 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...
GBPUSD DEMAND LEVEL + FIBONACCI
XAUUSD SUPPLY ZONE + FIBONACCI LEVELS
An oscillator is an oscillator. There are some variations.. I don't think any of them are better or worse. An indicators effectiveness is only as good as the operator using it. Point is, this applies to RSI, MFI, Stoch/stoch RSI. You just have to know what things mean when they get there... and its not hard. Skipping other factors and focusing on the spring/fake...
Here the color scheme was changed to represent our favorite two things in trading: supply/demand. If you are new to trading or supply/demand methods, You can maybe employ BB's (or any other channels). Red/supply line: use as reminder not to buy into weakness. Green/Demand line: use as a reminder not to sell into strength. More important.. think of the green...
DISCLAIMER: Trading Forex involves risk and you may lose more money than you started with! These posts are not to be taken as trade recommendations or 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...
You may have to zoom into the areas here to see the detail. I tried to point it out on the chart. It's not difficult to see. TA is an exercise in logic. There are principles and there are techniques. If you understand the principles then it almost doesn't matter what tools you use. However there are tools that will facilitate in enhancing your ability to see...
XAUUSD Supply and Demand Levels + Fibonacci