As promised alongside our analysis and reports we will also be posting basic educational posts to help newcomers. Today we show how to draw support and resistance lines the GoldView way.
There are so many ways to draw and establish support and resistance lines. Typically this is an area where price stabilizes and fails tp break. Visually this can be represented...
My approach to breakout of support and resistance levels: On this chart we can see a support level that is broken and it clearly turns in to a reistance, not letting the price rise above it. At this point our objetive is to analyse and find a good entry, once the resistance is broken and retested means that it acts as support and we can expect the price to follow...
stock may rally to 660 levels soon. I think godrej industries will be the major beneficiary of the restructuring of the promoter holding. it is the listed holding company and holds significant stake in GCPL, GAVL, AND GPL. VALUE OF Investments is significantly higher than current valuation.
Upside range 18135, but 18150 cross Possible 18500-19000, 18135 Reverse 17600-17400, 17400-17600, 17600-17200 Possible Range, Always small stoploss with trade, Nonsebi Register (Only Education Purpose)
This is how you cna start using a basic set of criteria to backtest your strategy.
All you need to do is keep it super simple.
It doesn't have to be anything fancy.
For this example,
My criteria was to watch for 4H areas of interest.
Target 1H/4H areas of liquidity.
Enter on the 15 minute trend/ Break of structure
5 minute entry point.
Keep it simple...
Last week, I wrote on processing spreads, a valuable tool that can provide clues about price direction. The price action in products that trade in the futures market like gasoline, heating oil, soybean meal, and soybean oil often tell us a lot about the path of least resistance for the crude oil and soybean futures contracts.
This week, I will turn my attention...
Here we see an excellent example of how divergence on the volume weighted directional bias (VWDB) indicator warns of a shift in market direction. If you're not familiar with natural gas futures, this market has been making some BIG moves lately. Here we are looking at the 30 MIN chart on the Henry hub natural gas futures front-month contract.
Notice on the chart...
Know the basic type of Traders.
Little by little we will grow together.
Earlier split your investment amount.
we will meet you at next Risk management Topic.
Acceleration Bands
Serve as a trading envelope that factors
The standard setting is 20 candles.
They can be used across any time period as breakout indicators outside these bands.
Acceleration Bands are plotted around a simple moving average as the midpoint, and the upper and lower bands are of equal distance from this midpoint.
Can be used in both growth and...
Since CoRA Waves and Ribbons could help you to identify the trend better and more reliably, this indicator provides a good baseline for your strategy.
The indicator " CoRA Ribbon - Multiple Compound Ratio Weighted Moving Averages " (#revision: lv21) was used in the following screenshots. Information and details on CoRA waves can be found in the description of...
I saw an enormous liquidity pool being created by price on GBPUSD. All i was anticipating was for price to come attack that area which i call the HOTSPOT. The market is seeking for liquidity time after time,so have it in mind that price is built to attack all strategies. Liquidity is the only reason price moves,this is why even after all the confluence and...
To the past analysis i told you BTC .D are making head and shoulders and go down and this happen is good for Altcoins , Now Altcoins are recovering and then grow up and we see good pump in the Altcoins .
To the new chart of TOTAL2 you can see this ascending pattern too (Conversely head and shoulders means pump ) .
Really in the past of BTC .D analysis i told...
hello
here in this video i tried to show you the utility of fibo retracement in your chart, in order to know previously your targets if breaking trend range up or down.
so, enjoy this tuto, hoping you apreciate it.
good luck and thank you
NB: the video is a lettle bit long so choose a more speed
Top 3 Reasons To Use Value Area Trading (on Volume Profile)
1) Plots on a vertical scale and gives you a specific price level where the most volume has occurred.
2) You gain far more information about price levels and volume.
3) Most importantly: Makes it easier to sport institutional support and resistance levels.
Why is it important to know where 70% of...
We can predict the direction of the breakout with a cumulative indicator such as the OBV.
Here you see the OBV increase from the first high to the breakout candle, this proves significantly accurate.
so OBV rising can be used as another step for verifying the congruency of your prediction.
Everyone is trading orderblocks these days.. so how do you use orderblocks to frame a high probability setup for yourself?
In this video I will show you exactly what criteria I look for when framing a high probability setup.
When I want to trade right off of an orderblock, there are a few things that I look for.
1. A Swing high or low
2. Imbalance above or...
