#Educational Post For Learning Purpose. How To Draw Order Block. How to Take a Profitable Trade Thank You, Traders, for Your Support Like and Follow.
Many people think that trading is just a technical analysis. If not! Carefully check the pyramid above and read the description. If you also have experience with trading success, share it in the comments. Thanks !
The 80/20 Principle is an enormous time-saver. If you spend 10 minutes learning these skills now, it will have an endless return in the future. An example of a great reward: (lifetime saving of time) to risk (5-10 min of reading). The 80/20 Principle is a very effective concept in achieving efficiency. Instead of wasting resources on unimportant tasks, you can...
This is just a quick tip on creating a measured move tool. If you're like me (having to work things out alone the slow way by trial and error) then you probably messed around with trend lines making a mess of the chart and it always being a faff to work out measured moves, which I use pretty religiously in setting profit targets and goals. However, no more...
After price closes above a resistance level, then resistance level becomes support. Next, watch for a price action signal in the form of a pin bar, rejection candlestick, or engulfing bar. Enter at the closing price of the candlestick. H1 H2 H3
Hey traders, In this article we will discuss two very popular Fibonacci tools: Fibonacci retracement and extension. 1️⃣Fib.Retracement tool is applied to identify a completion point of a retracement leg within an impulse. As you know price action has a zig-zag form. For example, in a bullish trend, the price tends to set a higher high then retrace and set a...
FB stock repeating July 2018 pattern. Expect price to further decrease until it increases. The difference here is that MACD has already crossed over into bearish territory. Stochastics has moved into oversold territory and weakness in the trend shown by the RSI is looking oversold. RSI signal line of 41 is still in range between 50 and 20. This shows that there is...
In all markets buyers and sellers are fighting to find fair price. If price becomes oversold or overbought, the other side of the market will enter and tries to find fair price. Markets are either in Trend or Trading Range . Trend is one sided trading phase and trading range is 2 sided trading phase where both sellers and buyers are active. Trading Range phase...
A Naked Point of Control is an untested point of control which is either time based or volume based and exists in the current market structure. These NPOCS can serve as excellent targets for trades as well as potential areas of support and resistance dependent upon the NPOC's profile distribution. I have marked this Bitcoin Chart with Daily , Weekly and...
So in this video I explain once more how to determine market direction using top down analysis. I think this is the third time someone has requested and its going to be my final time explaining with a video. Hopefully you can learn something from it. Thank you and trade safe
Watch for a close above a horizontal resistance level or a diagonal resistance level. A close above a resistance level turns level into support. Next watch for bullish price action at support in the form of a rejection candlestick like a pin bar; an engulfing bar; or an inside bar. Enter the market after the candlestick closes.
Today we will go through a simple trading lesson, but an effective one. The example I will be using today in terms of timeframes is mainly focused on Swing Traders; however, these principles remain valid for any timeframe because of the fractal characteristic of the market. Also, this will be a bullish example, but the same principles apply to bearish examples. ...
Hello every one 🟡(1) Price action The Movement of an asset or Security's price over Time , Plotted on The chart 🟡(2) All-Time High (ATH) The Highest asset has Ever been in Price 🟢(3) Support a Point in the market where the Price is less likely to drop below due to previous demand or price action 🟡(3) Resistance a Point in the market where the Price is less...
Today we will take a look at XAUUSD. I really like this asset to trade because of the consistent trends it provides, which are great for swing traders. When you are executing a swing strategy , the main thing is avoiding choppy conditions and increasing the odds of developing setups on situations where you may observe clean trends from point A to point B. In...
We have two flags in trading: First: Horizontal flags (Trading Range). These flags are the strongest type of flag. Horizontal flags indicate that the opposite side of the trend is incapable of creating a highs/lows opposite trend. Second: Flag with minor highs/lows. This type of flag is weaker than the first one. The opposite side of the trend was able to create...
Hello! Well wishes to you! In this tutorial is seen varying arcs with more - or less - eccentricity. In practical trading terms, the eccentricity would be how much time the arc covers compared to how much price it covers. An arc covering one days worth of time for a set amount of price would have more eccentricity - making it more oval shaped - than an arc...
Hope you are well! For this tutorial, the topic is how to create arcs using an angulation method. First, take an axis. This axis is down to up. Observe and determine whether it fits better as a 8x1 or 4x1 - or 1x8 and 1x4. Once that is determined, place the geometric angles onto the axis, and use the 1x1 angle as the axis for the arc. Grab your favorite arc...
Hey! Hope you are well! In this chart is shown the various 1x8-8x1 ellipses. The overlay on the four minute chart is shown here! Here is the beginning. There are successive boxes made on the chart. The boxes are the basis of the 1x1, 1x2, and all. This next picture is the initial 1x1 ellipse - or circle if you will. If that is overly populated, here is the...