Are you still making these range trading mistakes? Majority of traders always have the sense of urgency to get involved into a position, which is a trait you need to avoid at all cost. Successful traders spend 90% of their time thinking, 10% of the time taking action. Trading in a range bound condition sounds easy, especially if you are referring to the textbook...
This is a recent short squeeze of BBY. I thought this would be a great example of how short squeezes can be identified with a basic understanding of volume and supply and demand. The text on the chart reads left to right.
Hello, dear subscribers!
Today we are going to discuss a very important topic of the trend trading.
The trend channel is the most reliable tool of the trading during the trends.
Here is an example of the ascending trend channel. For novice traders it is recommended to execute trades only in the direction of a trend.
First of all we should determine the trend...
Introduction
If you're here on TradingView, it's probably because you believe that charts and technical analysis can give you an edge in the trading of currencies, metals, cryptocurrencies, and stocks. Granted, sometimes technical analysis doesn't work, but it works often enough to keep hundreds thousands of traders coming back here day after day. The larger...
What is Price Action Trading?
Price action trading is a methodology for financial market speculation which consists of the analysis of basic price movement across time. It’s used by many retail traders and often by institutional traders and hedge fund managers to make predictions on the future direction of the price of a security or financial market.
Price action...
Biko membership understand me
Push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
make your analysis before a trade
Price was in an uptrend.
Price bounce off a previous resistance.
Price created a Bearish Engulfing Reversal Candle.
Entered trade at the close of above candle.
MACD crossover happened at the close of the candle also.
Stop Loss placed above reversal candle.
EXITED trade after consolidation made price go sideways.
This is not 100% accurate, but here you will be able to see how price reacts to these zones more or less. These zones cannot be used by themselves, but by using a combination of confluences like identifying the major trend and the current market conditions.
So this is example of classic trading textbook pattern called Head and Shoulders where breaking the neck line results the down trend. This is just educational chart on the current possibility with 4h and 1h bitcoin/usd chart. Pattern is not complete yet, breaking 30000$ is hard since it is strong psychological support level. And at 30k$ massive rejection is seen as well.
So, the Ichimoku Cloud (Ichimoku Kinko Hyo) - WTF is it??? At first the Ichimoku Cloud can look a bit daunting, but after reading this, hopefully it will put you at ease & you will realise that it is a really neat and powerful indicator that shows you Momentum, Trend, Support and Resistance . Note that you can use the Ichimoku Cloud for all timeframes, but it may...
Today we will show you the theory behind Pennant patterns and apply them to a real example.
CONTINUATION PATTERNS: Ralph Nelson Elliott (who created the Elliott Wave Theory) discovered that there are 4 types of patterns that the resolution of them tend to be in the same direction of the previous impulse once the correction is finished and we have a...
One of the beautiful theories that I've learned and I want to share is the Dow theory Non-Confirmation . Using specific pairs of indexes and reading them in comparison , as a technician that uses momentum oscillators I like to see disproportions and divergences and if we apply what we know to this study we'll find that the Dow Theory Non-Confirmation is all about...
"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.
Plotted above is the Impulse from All Time High in 2017.
That first push down set off a series "Ripples" flowing down.
This fib defined most of the...
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging at unequal slopes are referred to as a rising wedge, falling wedge, ascending triangle, or descending triangle.
KEY TAKEAWAYS
...
How to use fibonacci retracement and extension
this entire trend was started at 1857 and ends at 1900 with wxy zigzag corrective wave.
wave x is subdivide into abc flat correction which retraced upto 0.382 of wave X at 1870
wave y made 1.382 projection of wave w at 1900.
the entire wxy trend made 50% retracement at 1878.
(retracement after wave y overlap wave x...
"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...
Introduction
Hello everyone! Like I said in a previous idea, I will be doing an educational post today about trading strategies. Unlike the previous strategy I talked about, this one is used during uptrends and downtrends, and doesn’t prioritize buying at the beginning of these moves.
——————————————————————————————————————————————————————————————
Rules of the...
Want to buy the bottom and sell the top? Want to predict major turning points in a security's price? Want to avoid buying too early or selling too late? Then you need to understand support and resistance levels!
I know a lot of people who mostly trade breakouts. That can be a very successful strategy, and I've used it myself to good effect. But if you buy a...
