The Confluence Factors are Trend, Level, and Signal. Enter the market when the price action confirmation signal appears.
Trend: Up
Level: Horizontal, EMA 10, EMA 20, Diagonal Trend Line, 50% Fibonacci Retracement
Signal: Pin Bar
Today I will share a template that may be really helpful to understand some key concepts:
First concept: Only look for setups IF the price has reached a major level.
In this example, we can see a bearish movement that has reached a weekly level. Why is this relevant? Because if we are working with relevant levels that had worked in the past, we increase the...
Today we are going through the brief technical explanation about the round numbers and stop loss hunting
round numbers:
the round number end in a zero, and have a tendency to attract orders and most of the time attracts many traders and they choose these points for entering and closing the position
Point:
For open position on round number the proper...
Doesn't matter which coin I used, KAVA was picked at random for back testing. The 7, 30, and 100 are used for trend analysis. When both the RSI and MFI are in confluence with support, that is the entry trigger. When above the 7, 30, 100 ride the trend and only exit when bear div on 4hr is apparent, MFI RSI in confluence at overbought, price drops below the 30....
This is just a short blog post of a much longer idea!
In a recent post we spoke about focusing only on assets that are in play for the day, even tough with day trading you can still make solid profits, especially on the tick charts, trading ranges, a trend will generate you much bigger and more importantly, easier profits.
This is why it is vital to focus on...
Price action signal formed at horizontal support resistance level. Entry at closing price of engulfing candlestick at horizontal support level. Set Take Profit at horizontal support resistance level. Set Stop Loss at low of engulfing candlestick.
Note: EMA 10 EMA 20 is positive slope.
Price closed above 90.334. Now, wait for a price action signal at 90.334.
First price action signal is engulfing candlestick. Enter at 90.505.
Second price action signal is engulfing candlestick. Enter at 90.538. Set Take Profit at 91.185. Set Stop Loss at 90.312. The Reward:Risk Ratio is 2.86.
Note: The EMA 10, EMA 20, and Trend Line have a...
Todays daily primer is all about key levels, Don't make trading harder than it needs to be. Know your levels, keep track of them, have a system that says BUY or SELL as quickly as possible and then just execute your trades!
All you needed to do was follow up, know the key levels and execute. It makes this job much easier when you are prepared and this type of...
✔First of all lets start with the brief technical explanation and after that go through the analyse DOGE ✔
1 support( an imaginary line, level or area )
👍one of the most simplest technical tool that use for indicating the proper point for buyers to enter or purchase one stock
for using support line
we need more than tow price points that an asset doesn't...
According to the chart, we see how the classic lines of resistance and support and trend lines work well. Anyone who wants to open a trade can benefit with the simplest lines.
Hello Traders,
This video provides a brief explanation on the latest indicator Auto TrendLines and Support Resistance-Ultimate
Most of the things about settings is already available in the description.
Hope you enjoy the video and learn few things from it. Merry Christmas and Wish you happy new year :)
WHAT ARE PSYCHOLOGICAL LEVELS AND HOW DO THEY WORK?
Psychological levels are market price levels which are often key levels in forex denoted by round numbers. These round numbers frequently act as levels of support and/or resistance.
Psychological support and resistance consistently work because of fundamental human disposition. Human beings value simplicity;...
Hi everyone,
Today I would like to share a piece of knowledge on parabolic growth and poor market structures.
Let us take a look at NYSE:NET Cloudflare stock.
This was an attractive buy back in 2020. As always, nobody saw that until everyone started screaming about this stock on Twitter.
I saw an opportunity in investing into Cloudflare later in 2021 for a...
Hello Traders :)
- I haven’t been posting trades lately but I’ve been trading
- So here I will post a breakdown of the two Effortless trades I took on NAS100
⚡️Let me break it down⚡️
❗️❗️Reminder when trading NAS100❗️❗️
▫️Use Pending orders
▫️Take Partial Profits
▫️Trail your Stops
▫️Minimum Risk to reward 1 : 3..NB. NAS can give you up to 1:10
First time...
Hey traders,
Breakout trading is one of the most popular trading strategies.
Being quite simple in theory, it remains quite complex and complicated in practice.
In this post, we will discuss 7 steps every breakout trader must follow.
💬And just in brief about a breakout trading itself:
this method aims to spot a key level (it might be horizontal...
Chapter 7: "the Mighty 2.168: like a Rook in Chess"
"Impulse" is a surge that creates "Ripples", like a pebble into water.
Each of the Ripples has precise bounds defined by the "Golden Ratio".
Price will often ricochet, creating a "Ping" that one can almost HEAR.
The 2.618 is a Special ratio, 1.618 x 1.618, as the Golden Ratio Squared.
It is like a Rook in...
![LUNAUSDT: HOW-TO: Auto Trendlines and Support Resistance [Trendoscope]](https://s3.tradingview.com/v/VNjSvZ5Z_mid.png "HOW-TO: Auto Trendlines and Support Resistance [Trendoscope]")
