I often have traders ask me, how can I get alot of trades? And my response is that is the wrong question, the purpose of trading is to make Money, Period. It is, imho, to make as much money as you can in as few trades and in as little of time as possible. Although I have several methods of trading, the SS MA method, shown here is my absolute favorite. It has an...
FX_IDC:EURINR
First of all, the most important thing to remember is the support and resistance levels are not exact numbers. Often times you will see that market broke the support/resistance level but in reality, it was just testing that level. To filter out these false breakouts you should think of support and resistance more of as "zones" instead of actual...
This is part of my ongoing series "Pulse of an Asset times Fibonacci".
An "Impulse" in any market creates "Ripples" like a Pebble into Water.
Sometimes a Wave returns to the Impulse, should be observed carefully.
This Impulse was the drop from 7400 over six months ago.
Its Ripples marked almost every turn in price since that time.
The Wave has since walked back...
Trading news can often be a nightmare especially trying to trade at the time of release as brokers often widen their spreads
and slip orders to the extreme of the spike.
This is a high probability method with Great RRR
As you can see the market spiked up on worse then expected AUD GDP news.
then the market went into a consolidation, and this is key to finding...
1. Sideway at Supply Zone (DISTRIBUTION)
==>> Place Sell Limit at resistance zone
==>> Stop loss should be 30-50pips above shadow
==>> BIG LOT advice = you must know how big your capital is and risk with lot equivalent to 100 pips
2. Breakout Tips (For Short Scenario on this USDCHF)
==>> Wait until break confirmed with new Lower Low
==>> 25% CHANCE...
Part of my ongoing series to observe certain Price Action events.
An "Impulse" creates "Ripples" like when a Pebble falls into Water.
The Ripples make up the "Wave" which eventually ends and recedes.
As the Wave recedes, it will collide with Ripples in opposite direction.
If the Wave returns to Impulse, that is an event worth close scrutiny.
As the Wave gets...
This is part of my ongoing study of assets that "Return to the Impulse".
An impulse occurs from a large sell/buy force applied for limited time.
If re-visited, Impulse usually rejects at boundary or core of .382-.618.
This was an perfect example of the .618 rejecting, TWICE.
On second attempt it rejected even before being touched.
Maybe a third attempt will give...
Can you tell from the chart what the main 3 supports are? :)
A- Horizontal lines.
The price has a tendency to react to these lines... Every one knows about horizontal lines of support and resistance.
These horizontal supports and resistances have to be drawn on swings high/low. Wicks or closes can be used...
Here are a few examples:
B- Diagonal lines...
LTC in a perfect example of "Golden Ratio of Growth".
Each extension is 1.618 times the previous extension.
Most things in Nature which Grow, do so by this Ratio.
Impulse was from the Bottom of Despair.
Ripples were all grown with perfect Ratio.
Retraces will be of much similar proportions.
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Ordered Chaos
every Wave is born from Impulse, like a Pebble...
When looking for trades, my purpose is simple:
I look for High probability trades with good RRR (risk reward ratio)
I consider a trade high probability if it has an 80%, or better, historical success rate.
A good RRR (risk reward ratio) is 3-1 or better. meaning that we are risking $1 to make at least $3
Understand that by maintain a 3-1 RRR, even if I lose over...
Hi ladies.
If you are using tons of tools to identify supply/support and demand/resistances zones. STOP.
All you need is to apply this simple approach using past price action.
Switch to line chart on M, W and Daily timeframes and identify the Lower closes where price bounces. Map the zone to the left et voila.
All these zones are likely to represent...
My basic theory:
every Wave is born from Impulse, like a Pebble into Water.
Perfect example of asset's "Return to Impulse".
Sellers of the 1st Impulse apparently still there.
Reflection from 1st Impulse created 2nd Impulse.
Now we might be returing to the 2nd Impulse.
Each Impulse zone has an outer defense layer.
Each Impulse has a Core with maximum...
Bullish orderblock, known also as Demand zone.
You will have seen many times marking those blocks on my charts and calling them either orderblocks or demand zones. What are those areas?
Those areas act as levels of liquidity for bigger players (whales) that trap people and refill their orders.
"A bullish orderblock is a Down candle before a sharp move up that...
TRX with a gorgeous example of Force verus Mass.
Impulse was confirmed early by Pings at 1.236/.618
Momentum being lost was confirmed below the 6.236
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Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.
each line...
Trading is complected, because Price is superimposed wave of price activities on different time frames.
When trends on short, medium and long term time frames move in the same direction, price trend is clear, as a whole.
On the other hand, when trends on different time frames against each other, range happens and price trend is hard to predict.
This happened...
