What to do with Doji? Beginning forex traders, having come across the candlestick pattern Doji, get lost and start making rash actions. They close and open positions, change stop-loss, etc. Naturally, such rush leads to losses. So how to be with doji, what to do when such a candlestick appears on the chart? What is Doji? A doji is a candlestick that has equal...
The chart patterns delineated, particularly on the 30-minute timescale, offer unequivocal insights into the temporal dynamics of market movements. A common pitfall among retail investors, guided by the Japanese concept of "Chiri mo tsumoreba yama to naru" (even dust, when piled, becomes a mountain), is the misbelief that high-frequency intraday trading is a...
As you assess the AUD/NZD chart, keep an eye out for significant order blocks and liquidity levels. These order blocks often represent areas where institutional or smart money traders have previously entered the market, and the liquidity sitting higher can be an attractive target for your trade. Here's a step-by-step approach: Identify Order Blocks: Look for...
Introduction: In forex trading, understanding price ranges and consolidation patterns is vital for identifying potential trading opportunities. Price ranges occur when the market is not experiencing significant upward or downward movements, and they are often a precursor to potential breakouts or reversals. In this educational guide, we will explore what price...
When considering a trade in the EUR/CHF pair, specifically targeting a retest of the volume area, it's crucial to employ a strategic approach. Here's how you can analyze the chart and make informed trading decisions: Identify the Volume Area: Start by identifying the volume area on the chart using the volume profile. This area represents a range where a...
I sorted out the principles of this long BTC trading strategy. This is a trading system with a high winning rate that I often use. It is very simple and practical. I will share it with you now, hoping to help you. As we all know, the risk of futures trading is very high. If you are a novice, then you are prone to failure. Liquidation and asset zeroing are common...
Looking at the daily timeframe, it was clear that the GBPUSD pair had a bearish bias. In light of this, our focus was on potential selling opportunities, and we identified two key areas for consideration: 1. The breaker area , which typically coincides with the 50% Fibonacci level (indicating equilibrium). 2. T he order block area , often found at the...
The Trend Estimator is an assembly of indicators customized into a strategy with floating PnL (mostly useful for the phone app) where each indicator can be selected as a separate strategy. Best results so far are on the 1 hour time frame using the Special Super Trend or the QQE Mod
Technical analysis is a crucial aspect of trading, allowing traders make decisions based on patterns and indicators in price charts. Two common patterns that traders often encounter are the triple top and the triple bottom . These patterns can provide valuable insights into potential trend reversals in the market. In this article, we'll explore what these...
In the today's article, we will discuss 4 classic yet profitable forex and gold trading strategies. 1️⃣Pullback Trading Pullback trading is a trend-following strategy where you open the positions after pullbacks. If the market is trading in a bullish trend, your goal as a pullback trader is to wait for a completion of a bullish impulse and then let the...
Good Afternoon everyone, I will show in depth order entries in this post, read the updates to see. This idea was formed last night around 10PM NY Time. I originally was hoping to trade up into the most recent Order Block (green path arrow) during the London session and end at the Terminus -4 around 8:00AM NY time. I then would've liked to see accumulations...
It’s time we cut through the BS and noise and shed some light on the TRUE and REAL world of financial trading. I can’t believe the misconceptions and false ideas of trading are still making appearances. It’s time to educate yourself before you eradicate your account. So let’s debunk some common and dangerous trading myths. Myth 1: It’s a Get-Rich-Quick Scheme...
Welcome to Part 2 of our 7-part Power Patterns series. In this series, we'll be equipping you with the skills to trade some of the most powerful price patterns which occur on any timeframe in every market. This week’s pattern, the ascending triangle can often precede fast and powerful breakouts. A strong understanding of this pattern is essential for any trader...
Hey, traders! Last week, I received a few messages from traders who didn’t understand how to enter with the DCA bot, and I decided to write a summary about it. Determining the ideal moment to launch a DCA Bot concerning a crypto coin movement in a range calls for a well-thought-out strategy. Your decision essentially hinges on your expectations of the crypto...
In the world of forex and gold trading, recognizing chart patterns can be your key to unlocking profitable opportunities. One such pattern, the Cup and Handle, offers traders a powerful tool for identifying potential bullish trends. In this comprehensive article, we'll explore how to identify and trade the Cup and Handle pattern in both forex and gold markets....
This is my version of walking a Bollinger Bands. I use an Ehler instantaneous 21 BB. The settings for the Bands are 0.75 deviations (detrend at +0.75), zero offset, no lower band, no basis. The result is the solid red moving average. Close your bull after a dow theory closing violation under the uptrends' detrending signal.
CME: E-Mini Nasdaq 100 Weekly Options ($Q1D-$Q5D) When I first started trading two decades ago, I was overwhelmed by the amount of data that was available. I had a hard time correlating how data relates to price movement. While observing the stock market, I have one question in particular: why does the market often moves drastically immediately after the release...
1. What Are Supply and Demand Zones? In the cryptocurrency trading, supply and demand zones are pivotal concepts that profoundly impact market behavior. These zones act as critical areas where traders engage in buying and selling actions, significantly influencing price movements. To gain a deeper understanding of how these zones work, let's delve into the...