CADJPY - You see how the price is continuing to advance. You see also how the price is still rising into the trading area. The demand is still consistent. The price can approach the climactic point. This will occur making visible on the chart the increase of the strength in opposition to the rising that is already begun to be a little bit visible. The price will...
#GBPCHF - A student of > Profiting Me < asked questions about this group of candles. He knew that he can expect a rebound. The price was climactic and the marked reacted because of this. Now, after the increase of the supply, the price is hesitating to decline, because the pressure decreased. What you see in that group of candles is just the Supporting Demand on...
#F - I am monitoring this for days. I had some doubts about entering the market or not because this trading area is developed at a relatively high price. The last 10 trading sessions show the accumulation of securities. It continues to show demand in this, around the climactic support. Then, you can understand that the risk or trading has decreased becoming...
2618 Rules Of Engagement: 1. Double top 2. Break & close below neckline / support 3. Sell at 0.618% Fibonacci Retracement
See callout bubbles. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you.
This method will save your time to determine where are the powerful S&R levels for any instrument. It can be used for the continuous chart or the monthly chart. It will also help you to entry, set the stop loss and profit target levels, even if you are using other methods such as Elliott Wave Theory, Harmonic Pattern, Market Geometry (the pitchfork), Demand &...
The Dragonfly Doji is a helpful Candlestick pattern to help traders visually see where support and demand is was located. After a bearish market, the Dragonfly Doji can signal to traders that the uptrend could be over and that long positions could potentially be covered. Other indicators should be used in conjunction with the Dragonfly Doji pattern to determine...
This is the method to spot when the last support is broken and supply activate there force. Ejnoy.
Many times trader likes to play tight range but inevitably get caught by fake breakouts. What they do not realized is that the range they are trying to trade in is the consolidation phase. Consolidation phase in general is MEANT TO whipped out weak holders before the real move happen! This is why traders always get stopped out AND THEN the trade goes in their...
Here is a Volume Profile strategy I use.
Good Monday morning, traders. Last Friday I warned, after the shakeout, that I wouldn't want to be short as it appeared the larger interests were filling longs. Fast forward to today and here we stand this morning at about $300, on average, higher than that shakeout. So what does this mean for our current situation? Are we going up or down? After this morning's...
Bearish Direction because Price made Lower Low in Daily TF. Price retrace bullish up till Daily Doji Candle... Price make go bullish but may react and bounce under the red dashed resistance level / zone. ( still look to sell ) But once broken ( red dashed resistance level ) Potential hint of market to be bullish
In this video I use the recent losing gold trade to talk about how to manage trades like a pro. You do this using 3 main principles 1)Risk small amounts of capital, 2)Don't over-trade, 3)Don't ignore counter-position price action.
Fundamentally silver is one of the most undervalued asset on the market. I believe this year at some point we will see a breakout to the upside on silver, price is currently showing a coil pattern. The silver market is one of the smallest in the world and any significant order can cause price to move fast. I believe smart money has been accumulating long...
Currently, USD benefits from two forces that build up sentiment worth mentioning, the Peace Summit and the FED meeting. However, powers are already fainting. Buying power of both currencies is exceeding selling power, however in USDJPY (UJ) there can only be one the strongest. So here it may look JPY is being sold mainly but it's merely aiming down because in...
Traders layering into TRY potentially got burnt last week as the Turkish Central Bank intervened to halt the local currency's worrying devaluation by raising interest rates by a whopping 3% Whilst i tend to let the majority of fundamental data pass me by , it often pays to atleast maintain a health awareness of key macro factors that might have a direct impact...
Hello. I have changed my background, I realized the full white one just blasts the human eye. Better go for something more easy on the eyes. I have to make a 180° on my previous bear position. In the trading & investing world, it is important to realize you were wrong and stay humble. If you don't, that's when you end up destroying your account. From what I saw I...