"Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Plotted here is the wave down from DOW's All Time High. The Impulse started and defined the pullback from ATH. We have now returned to the Impulse Core...
When it comes to choosing the best strategies, most traders are often hoaxed into believing that there's a perfect strategy that works irregardless. The stream of loosing trades that comes after they've purchased or spent alot in implementing the strategy contradicts this. Well that's true for the most part. Indicators on the other hand, considered to be lagging,...
Hello, everyone! Today we are going to spot the most important and challenging part of Trading Chaos by Bill Williams(BW) – the Elliott waves. This analysis is the most efficient in combination with other techniques of Trading Chaos. Market always moves with the waves and BW developed the conception which eliminate the uncertainty of Elliott Waves. In this...
the real stats around buying the dip vs selling the rip which most of the beginners get it incorrect!
When we traders talk about hedging, it means we trade in the opposite direction of our original trade. To hedge against a long/buy trade, we will execute short/sell trade when there are pullbacks. This is a highly effective and profitable trading concept. Just like all other trading concepts you have to practice the concept extensively to build experience in order...
Al Pacino played John Milton in the 1997 film the Devil’s Advocate. Milton ran a hugely successful law firm as a front. The fictional character was really the devil. The final line of the movie is, “Vanity is definitely my favorite sin.” Vanity is excessive pride in or admiration of one’s own abilities, appearance, or achievements. There is a fine line between...
Hello Traders! Have you ever wondered when will a strong trend end? Do you struggle to spot candlestick patterns that potentially signal when the bulls or bears might take over? Take a look at this example of EUR/CAD and let's see how the trade plays out! :) About the Inverted Hammer Candlestick Pattern and Why It Forms: The Inverted Hammer is a bullish...
Earlier last week we posted some basic MA5 setup action and how effective it is in gold setups. Today we show you how a simple trading setup that you can use to draw strong levels and how to trade with them. Support and resistance can be drawn in many ways and often traders find what works for them and use that method. This is a method we use to create strong...
Hello Traders, Here is the most simple & easy explanation about a Range. In this Lesson I will Show you how to Identify & Trade a RANGE! These patterns are seen daily in Stocks, Forex and different markets across the Globe. I hope you will find this information educational & informative. Your support is appreciated with a follow, like & Comment ...
Hey traders, In this educational post, I want to discuss with you one of the most accurate REVERSAL candlestick patterns - the engulfing candle. On EURUSD chart, I spotted for you bullish & bearish examples of this pattern. The logic behind this pattern is quite simple: ⭐️In a bullish trend, after a strong directional movement, the price reaches some...
The holy grail of diversification is to find several uncorrelated asset classes all with positive returns. One problem, though, is that diversified passive investing has caused all asset classes to become more and more correlated over time. Increasingly, you see stocks, bonds, commodities, and cryptocurrencies all move together. One approach to diversification...
Today's video is about—3 #trading tips i’ve learnt…you need growth as a trader?—do this. *mastery > remember jack?…you want to be a master of none or one? *execution > i…they…you…we…well consistency is key. *exit comes before entries > do you know when you’ll be leaving? if not—why enter? Watch this clip to get the gist. . .
For your homework: find all engulfing, harami and pin bar setups on different Forex pairs on hourly time frames or higher. Where did these patterns happen- Price and Time? How could you have traded them? entry, stop loss and targets What risk management would you use or lot size? What is a pip move worth with keeping trades 1% to 2% of your account. These two...
So if we saw triangle pattern ,we need to drag fibbo from the highest point in that sideway range down to the lowest point in that range
Outside Bar/Outside Day (Engulfing): Rules (chart example is a bullish setup) 1) This bullish outside bar/outside day or engulfing candle means new buy or bullish money is coming into Forex pair 2) Price action encompassed the high and lower of previous days price action (chart: Fridays) 3) This candle happened on a Monday- mostly lowest liquidity and volume...
Both stocks have similar patterns so we used daily chart to make an entry and keep holding until we hit both targets. Ichomoku cloud break out TK cross over MACD bullish cross over RSI>60 ADX>25 DI+>DI- Gujarat Alkali BUY 608 SL 588 TGT 670/850 Mahindra Ltd. BUY 819 SL 798 TGT 850/880
Enter where price closes near the 50% Fibonacci Retracement Level. The confluence factors are Support Resistance Level, EMA 10, EMA 20, and 50% Fibonacci Retracement.
Price closed above EMA 10 Level, Support Level, and EMA 20 Level. After price closed above EMA 10 Level, Fibonacci Level, Support Level, and EMA 20 Level, wait for price to retest those four levels on a pull back. Enter a market execution order after the rejection candlestick closes on the H4 Time Frame. Take Profit at the Measured Objective. Set Stop...