This move up is most likely a complex correction. (multiple zigzags). As such, when the lower line is broken it should lead to lower lows. The question is just how low and will that lead to a break of the greater trendline or a bounce and return to the uptrend. We will probably know in a day or so.
The alternate scenario is that this is a leading diagonal and...
Hello traders!
For a long time, the Forex market has created a large number of trading methods.
Finding your strategy that suits you specifically is one of the main steps in achieving success in the Forex market.
And it is worth remembering that successful traders do not use anything magical in their trading. Everything has been invented for a long time for both...
I am not the best painter, but i tried to show you the difference between the structure that we have in every market. And it doesnt depend if its crypto/stocks or forex everything is the same in terms of structure.
Trade in the direction of the HTF MARKET STRUCTURE.
Do you want more examples like that ? Comment below ..
Its not a trading signal, i will look to long only if pric will return back into bullish orderblocks + imbalances confirmed with a HTF bullish market structure. Thats a perfect setup that i wait when i enter trades, htf structure combined with smart money concepts for entries.
What do you think ? Comment below..
A couple of weeks ago I noticed the front page of the Economist publication, which had a front-page title – ‘The energy shock’ and it reminded me that market psychology plays a huge part as one of my reversal watch criteria. After all once a market starts moving a lot and grabbing more headlines, more and more people jump on that trend and once it gets to the...
The MTN Group is forming a simple correction pattern that is the FLAG.
I expect the flag to break anytime and the upward impulse to continue.
Targets remain at Rands 20K.
Good luck
"Impulse" is a surge that creates "Ripples", like a pebble into water.
Each of the Ripples has precise bounds defined by the "Golden Ratio".
Until a new Impulse occurs, the Price oscillates within "Energy Bands".
The Golden Ratio is the underlying building block of the entire Universe.
From the Arms of a Spiral Galaxy, to the Bones of Your Fingers, it's in...
Hello Traders!
Here I break down the IPDA Data range on DXY, NZDUSD, and show a few others briefly.
We believe there is a Forex Algorithm that delivers price to traders.
We know that there is a quarterly shift on these markets.
These markets are not random, and if they were nobody would have gain much profits consistently.
If the markets were random why...
I am going to have to choose my words carefully in this article, as I am sure it will be an unpopular one. I first want to say that TA clearly has a time and a place, and is excellent for certain aspects of creating your position. But I fear the idea of TA is far to simple and it fails to recognize the various factors of market price.
Where TA Works
The idea...
Hello Folks hope you're all doing great as usual,
Today, I will explain something very basic in ICT teachings that repeats just so much and is super easy in fact..
This strategy combines multiple concepts of ICT teachings and is as follows:
1_we wait for the formation of Judas Swing(as defined by ICT) after New York midnight and it simply is waiting for...
Well... maybe and maybe not.
If you have seen my previous posts I have been speculating that the drop is not so clear just yet and this may be a complex correction as is common in wave 4.
Right now it's a double ZigZag and could be forming into a triple one.
All this to say that the current price is once again in no-man's land. I'm watching mostly for a...
Combinations confirming the reversal of the "bearish trend"
1. Inverted hammer and combinations of hammers. The hammer has a large shadow under the small green body, and the inverted hammer has a large shadow over the small red body. It appears, like all subsequent combinations, at the base of the downtrend, before the reversal.
2. "Bullish harami" ...
In this video I cover how you can trade using gaps on the DXY.
Since you cannot trade the DXY directly, you can trade usd cross pairs. In specific, EURUSD.
EURUSD and DXY have a high inverse correlation. Therefore when 1 is going up, the other is going down.. and vice versa.
I hope you enjoy this video!
Hit that thumbs up button!!
🟢The triple top is a very powerful reversal pattern. Visually, it represents three consecutive peaks approximately equal in height. Formally, it can be considered as a special case of the head and shoulders formation, whose head height is approximately equal to the shoulders. Moreover, the differences between them are purely academic, since, from a practical...
If you too are fed up of catching so many losers AND missing out winners then here is a suggestion.
I don't give much attention to some setupds that sometimes end up really good, and I insist with setups that catch my eye but are really not that great.
The solution is first of all to pay attention to the markets (and charts) every single day, and second it is to...
Whatsup my friends
In this video I will be covering my risk:reward model and how I can use it to generate an edge in the market.
In this specific backtesting session, I used 0.5:2 risk:reward with TP at 4RR for every trade.
I got pretty good results - but remember this is simulated and it's easier to perform better.
However, don't take this type of training...
I follow a technomental analytic approach to the commodities markets in a quest to determine the path of least resistance of prices. Each piece of a market’s structure provides a clue. When assembled, a picture tends to emerge, increasing the odds of success for long or short positions.
The last in the series- We looked at the other components of market...
Hey y'all… The highly requested—Is here.
Most of us love the idea of a bare chart… but can't seem to let go of the values—by indicators.
One of the most important signals in—Nasdaq100 are divergence.
Pfft… So, I thought… Why not make it easy?
This is my own theory—So… you might not get it on YouTube or books.
I figured this out with experience. Use it wisely;...
