Today we have another Academy Post. In this article, we will explain the way we trade pennant patterns on a real setup. FIRST STEP: Understand the context -In this case, we have the price inside an ascending channel (that provide us a bullish direction) -The price is at All-time Highs ( Next Resistance zone, the upper trendline of the channel) -The price is...
Great day to learn something, today; we will understand how to use corrective structures to develop a setup on any chart. a) There are 3 types of Corrective Structures, Zig-Zag (first example), Flat (Second Example), Triangles (third example). Use them as an archetype to spot them on a chart. b) Now that you understand the types of corrective structures is...
In this post, we will learn how to trade the breakout of a clear range. Let's start learning. a) First of all, we need a clear Range ( we can say that is clear when we have a support and a resistance level and the price in between for a considerable amount of time) b) From a technical perspective, the expected movement after a range is broken is the...
Trend swing trading works very well for consistent trends, but the least bad option I could figure out to avoid the losses in baseline and trajectory changes was to just be patient and wait for it to swing back in the other direction. However, a 30-minute resolution support/resistance level algorithm that will hopefully allow us to profit from these trajectory...
Live - Real Time - Trading examples of navigating the turn(s) - swings - in any market. (In this case: EURUSD & EURGBP) ======================================================================================================= The following *** Live Trading snapshot *** can be found in this Real Time Trading...
The pair EURGBP has been rejected at a strong resistance that was established in October 2016. The other traders will be looking at that important resistance to make portfolio changing decisions.
I will add a quick description for each timeframe. Let me start by saying there is no one definition for everything, every person comes up with a different definition (zzzz) so I'm sort of trying to paint an average picture for everything here. 1- Day Trading So here I am not counting arbitrage & quants. Rather the typical directional day trading performed by...
Here are some of the most famous bets by the man that had years where he single-handedly made profits comparable to the annual GDP of countries like Chad, Zimbabwe, Haiti, and that is held responsible by many (delusional dunning kruger sufferers) for bringing down entire countries. ==> Thai Baht short right before the Asian financial crisis: SEA tried to abuse...
Feel free to follow me on tradingview for daily analysis! Let me know if you agree with me or disagree this is just personal preference I think swing trading is the best you can do if you're very patient. Thank you for reading make sure to drop a LIKE if u enjoy this type of content!
You are seeing 2 transactions on the chart. These transactions are in the correction movement. The first is Daytrading. It may be in the opposite direction of the trend or it may be in the direction of the trend. In both cases, the risk-reward ratio is around 1: 1, and it is a process that is closed quickly unless there is momentum. The second is the...
The “OOPS pattern” was developed by trader and author Larry Williams. It was named, according to Williams, for the all too common experience among traders when a broker would call his clients to report that a position was stopped out and say, “Oops, we lost.” This was due to the market gapping from one trading day to the next due to an overreaction from some...
ETCUSD Wait for a close below 5.971 level before entering for sell. Possible double top pattern.
Hello everybody and welcome, First of all, thank you for the interest you show. The goal of this content, is to empower you with the tools you need to shift your psychology and level up your trading. ---------------------------------------------------------------------------------------------------------------------------------------------- Before we start,...
i am adding sell limit at my supply zone, let's see how's it work
👋🏻Hi, guys! 👋🏻 We continue talking about the types of trading. 👨🏻💻 🎯Today let's talk about SWING TRADING (especially for @monguilhot) 👉🏻Swing trading is based on the analysis of fluctuations in stocks, index and currencies, which last several days. 🌟 A swing deal can take up to several months. 👉🏻Unlike the intraday trader, the swing trader is unlikely gives...
This video explains exactly how we start our trading day and the process we use to condition our mind for trading success every single day.
In this video tutorial, I discuss how institutional traders and investors, "Frame a Chart" Using AMT stock as an example working through multiple time frames and plotting channels and Linear Support & Resistance zones. Then using our Elliott Wave Indicator Suite to understand the behaviour of the current trend. This method can be used on all asset classes and...