There are several ways to analyze graphs, I do not intend here to say that one way is better or worse than another, nor that it is more right or wrong. I am presenting in a very summarized way how I do my analysis and forecast First, see the chart in the form of traders, not as something scientific with mathematical drawings. To understand what the market will do...
Continuation of the first part. SECRET 6 - High Time Frames Watch the situation on high timeframes. Watch out for high time frame trends. Often, this is how beginners open positions against the trend, do not follow higher timeframes. At the same time, there are situations when a correction has begun on a smaller timeframe, which is not yet visible on a higher...
When it comes to Elliot Wave Theory, we know of two different correction patterns . On the left you can see the classic correction, which is less common in real market situations. On the other hand, the flat correction (right) occurs more frequently in the market, since modern price action is often characterized by fakeouts . In this case, a fakeout looks...
Apply this technique while looking at charts. The goal is to train your eyes to see specific pattern. Try to find at least 30 or more. Find your own pattern or patterns you want dive in deeper.
In finance, a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity. For every trading strategy one needs to define assets to trade, entry/exit points and money...
In this article, I do not provide my analysis..! I just present my observation and provide a glimpse of an article: Asset Bubbles Through History: An asset bubble occurs when the price of a financial asset or commodity rises to levels that are well above either historical norms, the asset's intrinsic value, or both. The problem is that since the intrinsic...
This weeks price action was phenomenal on EURUSD. We had a clear bullish run respecting the order flow of the move. After each break of structure, price was mitigated back to the order block that caused the breakout. Over and over like clockwork. If you can understand and grasp concepts like this, you can trade and stack positions when we have clear trending weeks.
In this video I show you a very simple, but powerful way to trade Supply & Demand on H4 XAUUSD Charts. You will learn how to identify Supply & demand direction. So you know if you should take Supply, or Demand levels. You also learn some basic rules around AV Reversal , Break of Market Structure (BOS/BMS) , Supply and Demand , Order Blocks
HELLO GUYS.... most of trader's always using stochastic and macd to find out the right time to open their new position.....and always looking for the best setup .... so after long time of trying to find the best setup for stochastic , I found new way to get another benefit of this magic stochastic..... and you can see that clearly. on the chart with all time...
After Carnival Corp. set a 52 week high the stock tumbled into a descending channel. Which then broke down almost unbelievably into a 'descending inverted scallop'. This ending in a recovery which ultimately was a 'Wolfe wave' that set a new horizontal descending support.
Hello, everyone! While Bitcoin is playing out our long signal it’s time for educational content. Today I wanna show you the candlestick formations which predict the reversals in crypto. I know that in the books we can find more formations with different names, but in practice only these patterns does matter in reversals. All these formations play out with the...
In this video I show you my trend reversal / trend continuation trading strategy. We look at how to find entries, and how to build your position taking advantage of multiple entries within the trend. Not financial advice.
Hi everyone, There are four different variations of a 5 wave move: 1- Impulse wave, 2- Impulse with Extension 3- Impulse with Truncation 4- Diagonal. Five wave structures : 1- Impulse: 1-1 Extensions : Appears in either wave 1, 3 or 5. 1-2 Truncations : wave 5 does not exceed the end of wave 3. often occurs after a strong third wave. 2- Diagonal...
We have two flags in trading: First: Horizontal flags (Trading Range). These flags are the strongest type of flag. Horizontal flags indicate that the opposite side of the trend is incapable of creating a highs/lows opposite trend. Second: Flag with minor highs/lows. This type of flag is weaker than the first one. The opposite side of the trend was able to create...
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Hello Folks! In this short video i will try to explain you how to correctly choose correct OB if you are learning how to trade smart money concepts.
Hello to all! Let's talk about what levels of becoming a trader are. LEVEL #1: Unconscious Incompetence When a beginner enters the forex market for the first time, he thinks that it will be easy to make money. He has heard many beautiful stories and is now ready for you to go into battle. The price is going up! So it's time to buy. These first steps of an...
Reading charts and understanding the "Language" of the market is very simple but at times due to high involvement of our emotions we make it very hard. Any market or chart that you see will be in a phase all you have to do is identify it on a higher time frame. Lower Lows & Lowers Highs is a definition of a down trend. Higher Highs & Higher Lows is a...