Volume Profile (The explanation here is extremely detailed. The actual use I explain is the second bottom half) 1. Introduction 2. Use Options 3. Terminology 4. Example 5. Conclusion 1. Introduction The Volume Profile is an extremely useful tool that can give you an expanded view of actual price pressure if you struggle to find support levels. There are...
Sometimes great trading comes from viewing the market in a simple and clear way. Its easy to cloud our judgement with the noise the market tends to create. I have found that trading the probabilities is easier than trying to find sure predictions or trades. Trendlines gives us areas where we can easily find great probable trades with good risk to reward returns.
A Simple explanation of my trading strategy using support and resistance zones for breakout trading. Enjoy
This technique pans out more often than not and is easy to chart with the tradingview tools.
Hello traders, investors, and the curious alike! This is my new series called The Support Line . To get the chart from any of The Support Line's episodes, you can scroll down to "related ideas" below the write-up and select the episode # along with its chart. It will always be there! This gives you the ability ot share it back here, and our community can...
-- HOW TO FIND MARKET BOTTOMS -- Here we see that btcusdlongs/btcusdshorts gets a huge spike upwards while bitcoin itself is going down. Similar to RSI, this is a classic divergence that shows that people don't feel safe holding shorts any longer and/or want to go long and catch the bottom. With a btc/usd overlay it's very easy to see how during previous btc...
For those who already know or simply heard about Sinewave oscillator created by J.Ehlers out of Hilbert filter formulas... The PRO Sinewave indicator will stun you ! For those who don't, well you might be missing a very interesting market approach and I suggest you to google the two names above to eventually start tipping a toe into the beautiful cyclical world of...
GBPAUD formed an ascending triangle. We could see a horizontal upper line (that would be a resistance) and a lower uptrend line (that would be a support). Prices moves with equal highs, and lows higher than previous. Then after a few attempts, the prices finally break through resistance. The ascending triangle is a continuation pattern. Prices come from an...
I want to show with this example how the price in a lateral movement oscillate in ranges between supports and resistances lines. The target is the following, if the price bounces on a resistance, make a short until it reaches the support level. If it bounces on a support, make a long until it reaches the resistance. If the price breaks a resistance, make a long...
Possible H&S ? Can we see a fall down to 1.68919 support line ? Please tell me if this even counts as H&S, I will be very grateful. Any objections/suggestions are welcome.
Every time that we are looking for Support and Resistance, we are always wondering when will our price finally go up or down, in order not to risk your accounts, you can use the following MACD strategy and look for any price divergence. MACD Strategy: Fast Length: 3 Slow length: 10 Source: Close Signal Smoothing: 16 Happy Trading!!!
The Traders Decisions at S & R Areas: This is a function of how we are wired as humans. The decisions to buy or to sell are made by analyzing the current price against previous areas which cause an emotional response to traders. They fear of missing out of on opportunity so they either buy or sell at these areas of support or resistance. So the support area...
Observe the chart for a moment, and you will see the support trendline. Now, price on the 4h candles has broken below this support trendline, but has never closed below it. After the first three points on the trendline, illustrated by the first 3 circles, the trendline was established as valid. (It generally is considered that 3 points are necessary for a...
There are so many reasons why 90% of retail traders fail. One of the main reasons is because retail traders over trade. They fear missing an opportunity and because of this they think there is always an opportunity when in reality there isn't. As traders, it is our job to find high probable setups. Probable setups are limited though... so you need to have...
Hello traders. It is a statistical fact that upwards of 90% of retail traders lose money in the Forex market. There are many reasons for this, but perhaps the most important reason is entry. Retail traders often get terrible entries. Even if they are right, their entry may be so poor that their opportunity for profit is not enough to make them consistently...
FX:EURUSD Notes for beginners; Safe Trades; open.spotify.com
Here we have a nearly completed Wolfe wave series. After coming out of the weekend , the Aussie was off to a strong start, but i'm sure a correction is coming around market open. In the mean time , we want the aussie to continue to gain power till Monday market opens, and from there we will be shorting the Aussie/ New Zealand pair. Our entry is based on a Wolfe...
CM_Pivot Points_M-W-D-4H-1H_Filtered ***Special Thanks to TheLark...AKA...The Coding Genius For Providing His Expertise... ***New Feature - Ability to turn On/Off Pivot Moving Average ***New Feature - Ability to turn On/Off Filtered Pivots (Explained Below) Available Timeframes (Change In Inputs Tab): 1 Hour 4 Hour Daily Weekly Monthly Yearly ***All Features...