Hey traders, 🔝Top-Down analysis is one of the most efficient ways to analyze & trade different financial markets. In this post, we will discuss the time frames to watch and the main steps to go through to execute a Top-Down trading strategy properly. Being a Top-Down trader your task is to assess the global market perspective and identify the zones, the areas...
I write this tiny article to share the basics or my use of ths RSI indicator, coupled to supports and resistances levels, as well as trend lines (or any indicator you want to use as SUP/RES (moving averages, vwap ...)) This use implies a bit of practice in spotting divergences, but let's be honest, many of them appear on previous supports or resistances, just...
What are Supply and Demand Zones? ▷ Demand Zone (Accumulation Area): Accumulation comes from a Latin word meaning to increase something over time. A strong uptrend can only exist if buyers outnumber sellers. During a trend, price moves up until enough sellers enter the market to absorb the buy orders. The origin of strong bullish trends is called an...
Steps for opening a trade based on support and resistance - Mark support and resistance on the chart by spotting peaks and trough around the same price level - wait for price bounce from support level / or rejecting from resistance (reversal candlestick would be favoured) - place your stop loss under the support level and take profit below resistance level in...
Hey traders, In this video, you will learn a classic price action pattern "Descending Triangle". Main topics covered: Structure of the pattern Bias of the pattern Triggers Stop placement Target selection Real market example Let me know in a comment section what pattern do you want to learn in the next video! ❤️Please, support this video...
Greetings To You Traders ▫️Let’s break down this superb trade timeframe by timeframe ▫️One of the the most important factor in our lives is Time. ▫️It also proves to be very important In our trades as well I will break down this trade in the same way I did when I took it on Friday I use just 4 things in my trading: 1. Recent price Structure ( Supply and...
Hey traders, In this video, I will teach you the basics of fib. extension & retracement. In this lesson we will cover: Settings for fib.retracement Settings for fib. extension Impulse leg & correct drawing Application in a trending market Let me know in a comment section if you want to see more lessons like that. ❤️Please, support this video...
Classic pattern formed in the 15mins tf. looking for sells to the trend line below. If you want to be a better trader, CHECKOUT ENCYCLOPEDIA OF TRADING. Train your eyes to see patterns. I traded this with 0.02 lot size.
Strategy type: Breakout Ingredients: Price, Volume, Regression Prerequisite add-ons (free): Regressive VWAP and Strategy Visualizer Target market: CME:BTC1! or BITSTAMP:BTCUSD - Long Entry on Close crossing over Regressive VWAP - Short Entry on Close crossing under Regressive VWAP - Optional: exit when price retraces to upper band (LX) or lower band...
here i tried to explain how to retrace your trendilnes from long frametimes to small ones, in order to have some guides during your trading. so, keep your eyes on my posts. i will playback some market, in this case, i can convience you about the utility of that. good luck NB: these lines should be saved on your chart every time you open it.
Price closed above EMA 20, EMA 10, Horizontal Support Resistance, and Trend Line. A pin bar formed on the retest and the pin bar candlestick wick protruded through the support levels. The support levels are EMA 20, EMA 10, Horizontal Support Resistance, and Trend Line. In this example, there are three higher lows moving into a diagonal resistance level and a...
In this chart, we see Bitcoin. The harmonics of two are as such: 1, 2, 4, 8, 16, 32, 64 Cycles are merely sequences; sequences can be arithmetic, geometry, or some other variation ( harmonic for example is 1/n). is a sequence. If we are looking at the idea of cycles in terms of the time duration between highs, lows, highs to lows, or lows to highs, we could...
The harmonics of two are as such: 1, 2, 4, 8, 16, 32, 64 Cycles are merely sequences; sequences can be arithmetic, geometry, or some other variation ( harmonic for example is 1/n). is a sequence. If we are looking at the idea of cycles in terms of the time duration between highs, lows, highs to lows, or lows to highs, we could measure out the duration of a...
Required add-on (free): NEXT Regressive VWAP Target market: COMEX:GC1! 10R chart Strategy Overview: - Long when price crosses upper band (green) - Short when price crosses lower band (red) - Do not initiate trades in the buffer zone (between the bands) - that is our filter Setting Alerts: Here is how to set price (close) crossing band alerts: open a...
Since CoRA Waves and Ribbons could help you to identify the trend better and more reliably, this indicator provides a good baseline for your strategy. The indicator " CoRA Ribbon - Multiple Compound Ratio Weighted Moving Averages " (#revision: lv21) was used in the following screenshots. Information and details on CoRA waves can be found in the description of...
Top 3 Reasons To Use Value Area Trading (on Volume Profile) 1) Plots on a vertical scale and gives you a specific price level where the most volume has occurred. 2) You gain far more information about price levels and volume. 3) Most importantly: Makes it easier to sport institutional support and resistance levels. Why is it important to know where 70% of...
✅Support and resistance levels are the price areas on the chart where the price has ever changed its direction. This place always attracts traders, because near the levels there are obvious places for setting stop losses and entering into a deal. Also, there are always limited orders of large buyers or sellers near the levels. ❇️We can say that the level is a...
Wait for price to break and close below a level. In this example, price closed below support level and turned resistance. Next, wait for price to retest level as new resistance. The retest in this example formed a candlestick that created a wick which protruded through Horizontal Resistance Level, EMA 20 Resistance Level, and Diagonal Trend Resistance...