When it comes to trading gold and forex, technical analysis plays a vital role in predicting market trends and making informed trading decisions. One of the most popular technical indicators used by traders is the Relative Strength Index (RSI). The RSI indicator is a momentum oscillator that measures the magnitude and velocity of price movements in a currency...
Hi there, When it comes to trading groups, there are both potential benefits and considerations to keep in mind. Joining a trading group can be a valuable opportunity for traders seeking fresh perspectives and innovative ideas to enhance their understanding of the market. Benefits of trading groups include exposure to diverse concepts and techniques that can...
Welcome, fellow traders, to this exciting tutorial where we dive deep into the world of supply and demand analysis using the powerful Supply and Demand Deluxe indicator that I launched this morning. Prepare yourself for an enjoyable learning experience as we unravel the mysteries of supply and demand levels across various timeframes. So, grab your favorite...
In RTM style, One of the power patterns is QM. This pattern is of reversal type and spotting correctly insures highly profitable trades taking place. How to Spot the pattern?? Let's say you are in a down trend , following should happen to have a valid setup. 1. Price makes a LL after making L. 2. Price takes out Last H and Creates HH. 3. if it breaks it...
This reversal strategy is used at areas such as demand and supply zones, which often forces the market to reverse.
This right here is my favorite type of entry where you can basically see a nice bottom and re-test from the pullback before so in my eyes coming back down to this price too fill in the gaps is a MUST PAY ATTENTION type of trade... too me this is a continuation of price action. NOW! don't just get to your desired price and throw a market order in just because it's...
1 Check D for trend and last candle for daily bias 2 Check EMA on 4H for trend 3 Use fib on H for 50% entry level 4 Check the news 5 Locate Fair value on 5M 6 Note the range on 15M 7 Draw T entry in 15M 8 Place limit order on 15M 9 Use 1% risk 10 Move stop at 50% profit
We will use for the PRICE part: 3 for PO3 6 for IPAD levels. And for the TIME part: 9 as seen in the lookback period. Combine these together, and you have your time and price. These concepts are based on the vast majority on the terminology of Michael J. Huddleston, known as The Inner Circle Trader or ICT. Hopiplaka's contribution ...
COINBASE:BTCUSD Dear followers, I wanted to take a moment to express my deepest gratitude to each and every one of you who have chosen to follow me blog on tradingview. Today, as we reach a significant milestone of 50 followers, I am overwhelmed with appreciation for your continuous support, engagement, and trust in the insights and information I provide. It...
Bar patterns are elegant tools for every trader who trades on Price Action signals. I present to you 10 bar patterns that you must know! These patterns are easily found on charts and allow for easy placement of stop loss and take profit. Reversal Bar Patterns 1. Reversal Bar 2. Key Reversal Bar 3. Exhaustion Bar 4. Pin Bar 5. Two-Bar Reversal 6. Three-Bar...
This is the first video explaining what "Learn to Read and Trade Any Market" video series will include. Enjoy!
One of the key principles of successful trading is… Once you have taken the trade to just let it go and allow it to run its course. The system lined up – tick. The entry orders are all in place – tick. It matches your risk and reward criteria – tick. You know your trade size – tick. Now let it go. You may get the urge to interfere, change the levels and...
Good day, traders. I'd like to use this opportunity to advise both new and experienced traders alike that holding (hodling) your position is not recommended beyond a certain point. According to percentage calculations, the return required to recover to break-even increases at a considerably faster pace when losses grow in size (due to compound interest). It goes...
📍 What Is an Ascending Triangle? This pattern emerges when the price movement allows for a horizontal line to be drawn across the swing highs, while a rising trendline is drawn along the swing lows. These two lines together form a triangle shape. Traders actively monitor triangle patterns for potential breakouts, which can occur either upward or...
Many traders use indicators these days in trading the markets and they certainly have their place. But the most effective method of market analysis remains the method of determining market structure. Trading based on the underlying market structure can be quite easy because the principle is very simple. What is market structure? We look for trading...
These are notes from the original ICT Mentorship 2023 Educational Video. I picked my own example here.
Directions: 1) Wait For Pullback 2) Wait For PA to Break Top of Structure Left 3) Buy When PA Hits Left Structure 4) Set Stop Loss To Below Pullback 5) Stops & Targets Can Be 1:1 RR or higher, but ALWAYS control risk If you understand the Elliot impulse waves in Forex, then you can trade the easiest way in Forex. Just wait for pullbacks in the major trade...
QM(Quasimodo pattern) patterns are one of the easiest patterns to identify during market structure analysis. These patterns always form during a market reversal and you can also sometimes find them on supply and demand areas. They usually form at the end of an uptrend or downtrend.