I am relatively new in the realm of trading and currently teaching my self. I started of with the Candlestick Bible and got curious with finding out about support and resistance.
Hi guys, today I will be explaining how to use the Relative Strength Index (RSI) to your advantage. First of all if you have not already, please follow me. Okay, so the RSI is commonly said to buy when oversold and sell when it is overbought. However, this strategy does not always work, and can result in you predicting what the security will do.
First Step: You...
In this "How To" video, we take a look at how to use multi time frame analysis with the MTP Scripts to uncover possible trade setups.
We realize that using 15/3 min is usually a shorter time frame than most posts on TradingView, but we wanted to show that TradingView can be used on shorter time frame charts, so we are including this example on the YM. As you can...
In this short Toot , we are using STOCHASTIC 25 ,3,3 as our main idea in culmination with RESISTANCE & SUPPORT.
* Some observations not mentioned in the vid are that these are ENTRY point observations on a time frame 4 hours and BELOW AFTER observing 4 hour time frames and ABOVE.
* Indicators are just that , they indicate possible areas of a trade /...
"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected...
I have put together the basics of how to read a chart without indicators.
This is a key skill for anyone who wants to become a profitable trader. Clearly theres much more that goes into reading charts than just what is here but this is the key foundations of reading how price works and how to make trade entries with a good chance of profitability.
If you have...
The lines wouldn't have been drawn in until after the move was made. I don't think you could have caught this one using the S/R and TL extension confluence strategy. At least I don't think I could have.
Thought that someone will find useful or want to compares his/hers supports and resistances and instruments with someone else's.
Also they are pretty accurate you can check them by yourself.
Thank you for reading my post, have a great day, wish you all the best !
Information provided is only educational and should not be used to take action in the market.
Feel...
Hey guys, I had people ask me how to draw support and resistance lines and also the basics of just reading a stock chart. Always work your way from outside to inside. You want to see the whole picture and not trade in a vacuum. Some people call it supply and demand zone. When I started day trading and swing trading, I started out with drawing out these lines. This...
$1690 is critical for gold to hold. Should it close below that level (marked by the Red Indicator line), we will think of shorting gold.
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How to understand price action.
It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the buyers and sellers are likely to make a stand.
You...
Welcome Traders to a new Educational Posts.
Today we will have a deeper look at Support and Resistance. One of the most popular chart techniques out there, but the question?! Do they really work?
Absolutely YES. But probably not like most of the traders think they do. That simple Break and Retest Strategy. NOOO!
I would like to introduce you to the extended...
What is a Bearish Engulfing Pattern?
A bearish engulfing pattern is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick that eclipses or "engulfs" the smaller up candle. The pattern can be important because it shows sellers have overtaken the...
Hello traders,
Support and resistance is probably the most used technical tool.
Good fundamentals in technical analysis is a foundation for solid performance.
Any questions, feel free to ask.
Good luck.
Hello traders,
Support and resistance is probably the most used technical tool.
Good fundamentals in technical analysis is a foundation for solid performance.
Any questions, feel free to ask.
Good luck.
At the end of August 2020, I saw that the GME price touched its historical low (the lower red horizontal line). At the same time, the "Diamond" reversal model was formed.
The breakout of the" Diamond " up on 31/Aug/2020 confirmed the reversal from the downtrend to the uptrend.
Next, I used the old-school tactic of "Measured movement" according to D. Schwager -...
In this video I go over how to trade with channels and multi-time frame analsys for the best entries. I also show my way of trading fake outs on channels and building a logical and rational case for entering markets with confluence.
I have tried to move away from indicator based trading into more fact based TA and would like to breakdown how to use this form of analysis with just candlesticks and volume. This is a larger time frame breakdown though similar patterns can be identified (though significantly more volatility prone) in smaller time frames and one can find that these principles...
Hello Traders,
Here is some of my Favorite and Most simple Educational Chart Patterns that you should know in 2021.
In this Lesson I will Show you how to Identify & Trade These Patterns!
These patterns are seen daily in Stocks, Forex and different markets across the Globe.
I hope you will find this information educational & informative .
Your support...
