Here's a great example on how you can use a moving average to watch for trend reversals and to trigger trades in case you don't like drawing a lot of lines on your chart.
In this example, when the 50 Moving Average (MA) crossed the 200MA in May 2019, it signaled a bearish reversal (known as a bearish cross). Later, in November 2020, it crossed again signaling a...
As I get further in my trading course, I'm going back and identifying where I did good and what I messed up. Here's one lesson: get out when you have a confirmed trend reversal! I kept hoping it would be a short one, but you know what assuming does... As soon as the trend line turned into resistance, that's a confirmed reversal and where I should have sold my call...
Today we will talk about a very common situation that occurs in the vast majority of traders (if not all), especially when we have just started to get into this bussiness.
There is a consistent struggle between convictions, ego, and market views or analysis. This generates that we try to see in our analysis what we want to happen, or what we need to happen, and...
Maximise your Day Trading Profits 5X | Apply this trade management system to hold trades all day without much effort
In this video I'm going to share with you a trade management idea which would allow you to trade and hold the trade from the start to the end of the day trading session.
The Chart I'm using is US30 / DOW30. The Time frame for day trading would...
The three black crows candle formation does not happen very frequently in Forex trading, but when it does occur swing traders should be very alert to the crow’s caw.
The candlestick’s metaphor is three crows sitting in a tall tree. On the day the first black crow makes its appearance, formation is most predictive if the first “crow” or dark candlestick closes...
The hangman candle, so named because it looks like a person who has been executed with legs swinging beneath, always occurs after an extended uptrend. The hangman occurs because traders, seeing a sell-off in the shares, rush in to grab the stock a bargain price.
In order for the Hanging Man signal to be valid, the following conditions must exist:
• The Forex...
A “Dragonfly” doji depicts a day on which prices opened high, sold off, and then returned to the opening price. Dragonflies are fairly infrequent. When they do occur, however, they often resolve bullishly (provided the Forex pair is not already overbought as show by Bollinger bands and indicators such as stochastic).
See daily attached chart of dragon fly candle,...
A “long-legged” doji is a far more dramatic candle. It says that prices moved far higher on the day, but then profit taking kicked in.
Typically, a very large upper shadow is left. A close below the midpoint of the candle shows a lot of weakness.
Here’s an example of a long-legged doji on attached chart (inside of oval circle). Daily candlesticks and patterns...
Creating lines on a chart is one of the most fundamental methods of charting when performing technical analysis. Being able to create these effectively and quickly is a very useful skill to have.
Horizontal, Vertical and Cross lines can all be found on the drawings panel to the left of the chart in the subgroup “Trend Line Tools”. These tools can be added by...
Hello, in this video I go over the optimized strategy and explain my thought process when entering a trade with this smooth like butter method of trading haha.
If you're planning on trading with my strategy, feel free to ask for help and listen closely. There are key details in this video, take notes if you have to, I note in the video what is important and what...
This Chart is a an example of a "Golden" Fib series.
This Concept is from "Chapter 5" of my going "book".
This Religion is from the church of the "Golden Ratio".
Often, a Golden level marks the End of a Wave.
It is common to overshoot, but then reject from it.
Return to Gold fib and Reject a sign of having topped.
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I do not use "Fibs" in the "traditional"...
On ichimoku Cloud hourly or higher charts- try taking everything off except Kijun-Sen (black line or/base line) and Tenkan-Sen (gold line or/conversion line).
You are left with a naked chart with only two lines on them, see my hourly chart of GBPUAD. You see three possible trades where the Tenkan-Sen and Kijun-Sen cross or TK Cross. This is where you want to...
Fibonacci tools are in general a method of technical analysis for determining probable support and resistance levels calculated using ratios (23.6%, 38.2%, 61.8%, and 78.6%) that are derived from Fibonacci sequence (0, 1, 1, 2, 3, 5, 8, 13, 21, …). Fibonacci levels are presented in variety of forums, such as horizontal lines, vertical lines, trend channels , ...
"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...
Hello guys
This is triple combination structures. We have three ABC waves and WXYXZ Wave.
This is seen in consolidation markets.
Follow me for more tutorials.
Cheers :)
