This video dives into the fundamentals of support and resistance, the cornerstones of technical analysis.
We'll cover:
** Identifying trends:** Learn how to spot bullish and bearish trends using higher highs/higher lows (HH/HL) and lower highs/lower lows (LH/LL).
️** Support & Resistance Levels: Discover how to pinpoint key price levels where the market may...
Today we continue our deep dive into support and resistance levels and explore how traders can effectively utilize Renko charts and Donchian channels to identify these price zones. Renko charts, known for their simplicity and ability to filter out market noise, provide a unique perspective on price movement. We'll discuss how Renko charts work and demonstrate...
In trading, support and resistance are key concepts that help traders analyze price movements and make informed decisions. Here's a basic explanation:
Support:
Definition: Support is a price level at which a financial instrument (like a stock, currency pair, or commodity) tends to stop falling and may even bounce back up due to buyers.
Analogy: Think of support...
Welcome Back Traders!
In this education idea, I explain how to improve your trading bias, by knowing when to change it based on the movement of price action.
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Hey God bless you guys! i wanted to come and talk about failure in this i broke down why its important to have important goals whenever you trade and not only focus on the money and its important to switch your mind to see failure as a growing moment not a quitting moment i know this video is going to bless you i hope you enjoy it and you take notes!!
Hey God bless you everyone! i pray this video helped you in many ways. the goal is to grow in our journey to become a successful consistent growing profitable trader. it takes time to become successful so lets take our time to focus on ours elf to grow and not always on money!!
Support and resistance levels are key concepts in technical analysis, which is a method of forecasting the direction of prices through the study of past market data, including price and volume. These levels are considered to be key points at which the price of a security is likely to either find support and be unable to fall further, or encounter resistance and be...
I can't say it enough that patience is key. I got a lot of messages over the past evening from fellow traders who are attempting to use strategies that they find or strategies that they are trying to develop and they're using the oscillator which I've created.
Here is a link to it (click the image)
One particular treasure found me on another community and...
Watch the video to get FULL details and listen to some commentary. Always feel free to ask questions below. I love talking with you guys.
Here is how we do it:
Set your RSI and VWAP as its Moving average in the CSC-HARSI
The lower the RSI setting, the more S/R levels you'll find.
So don't set your RSI to a low setting on a large timeframe chart. For example:...
In this short tutorial, we look at support and resistance zones and how we see them. The way to adjust yourself wth them.
TIP: TRUST, FOLLOW YOUR INTUITION
Using the Rule of Thirds to Master Probabilities in trading and investing ranges
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Stocks typically remaining in consolidation ranges 70% of the time while trending the remainder.
Using the rule of thirds, we can use statistics, prior price action and the probabilities of success to...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Today we are going to go over a practical example on USDCAD, but you can apply the same logic / strategy on any instrument.
Feel free to ask questions or request any instrument for the next episode.
You can find the previous episodes below "Related Ideas"
Always follow your...
Hi Purpose Traders. If you've been struggling with reversals and when to use more timeframes to trade them, I created a video for my client Eddie that I wanted to share with you all. He has progressed so much and is overcoming one of the greatest fears most traders have which is relinquishing control over the trade.
I pray this video helps you as well. Be blessed.
INDEX:BTCUSD INDEX:ETHUSD FXOPEN:XAUUSD FRED:SP500 NASDAQ:NDX
I see this time and time again - no matter if you are trading, cryptocurrency, commodities, indices or stocks, the principle remains the same:
Shorting at support and longing at resistance is GENERALLY not a good idea.
I show you examples in the video and explain why.
There is however a good...
In this Tutorial I speak about Support and Resistance Trading strategies and how you can use the line chart to properly identify these levels in a more accurate way.
