Hammer (Bullish Reversal Pattern) ----------------------------------- The Hammer is a popular candlestick pattern that provides important information about the potential reversal of a downtrend. It is a single candlestick pattern characterized by a small body located at the top of the trading range with a long lower shadow (also known as the tail or wick). The...
Candlestick Components Candlestick components refer to the various elements that make up a candlestick chart, a popular tool used in technical analysis to analyze price movements in financial markets. Each candlestick represents a specific time period, such as a day, week, or hour, and provides valuable information about the price action during that...
Hello traders. Having a trading plan is very important and you should always have a plan before you enter a trade. Here I explained 4 types of possible entries when breakout occurs. You can see here example of a consolidation between support and resistance zones. Strong breakout occurs, and what to do now? Should we sell immediately after breakout? Maybe, but its...
If you are studying a price action, you should definitely know Cup and Handle formation. Being applied properly, it can generate big profits. In this educational article, I will teach you how to identify this pattern. We will discuss its psychology and I will share with you 2 trading strategies. 📏And let's start with the structure of the pattern. The pattern...
With each trade you take… There are these 5 standard questions you’ll need to ask an answer. Jot these down and have them ready… Do I Have a Trade Lined Up? When you go through your watchlist. You need to see any opportunities in the market that align with your trading strategy. These should stick out like a sore thumb. If it’s not, then it’s probably not...
This strategy is a trend following strategy to be applied when the market is uptrending. It demonstrates the significance of breakout levels which are very often retested prior to continuation to the upside. For Trend visualisation, 10, 20 and 50 Moving averages are used. If you apply ONLY this setup and and nothing else, you will have a statistical edge and be...
Swashbuckling Definition; "Engaging in daring and romantic adventures with bravado or flamboyance." This is trading in most Bambi traders minds. Some of you literally see yourself as some knight in bright shining armour strolling through the village blowing kisses to the local women before you galavant into the mountains to slay a dragon. It's...
Hello Traders! 😃 In this education idea, we are going to cover Forex Correlation and how you can use this information to help you make wise decisions in the market. Let's get started on this important topic... What is Currency Correlation? A currency correlation in forex is a positive or negative relationship between two separate currency pairs. A positive...
Hello, fellow forex traders! Today we will talk about one of the most powerful Price Action setups, which is little known to the public. The Swing Failure Pattern(SFP)is a false-break of the maximum or the minimum level of the previous swing. The UK trader Tom Dante is mostly responsible for spreading this pattern. The effectiveness of SFP is such that after...
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...