Here's a great example on how you can use a moving average to watch for trend reversals and to trigger trades in case you don't like drawing a lot of lines on your chart. In this example, when the 50 Moving Average (MA) crossed the 200MA in May 2019, it signaled a bearish reversal (known as a bearish cross). Later, in November 2020, it crossed again signaling a...
As I get further in my trading course, I'm going back and identifying where I did good and what I messed up. Here's one lesson: get out when you have a confirmed trend reversal! I kept hoping it would be a short one, but you know what assuming does... As soon as the trend line turned into resistance, that's a confirmed reversal and where I should have sold my call...
What is a Lunar Cycle? A lunar cycle is defined as the period from full moon to full moon, which is also known as the synodic cycle. This cycle lasts about 29 days and is split into four phases, each phase lasts about 1 week. *Yes, if you use the moon phase indicator trade full moon to full moon. The non-stop movement of the moon, known better as the lunar...
Please refer to the two previous videos to fully understand this strategy and also understand how I see these tools and use them. Furthermore, please refer to previous morning videos to be able to trade effectively as I do. Finally I would like to thank you all, have a wonderful day!
Basic rules for trading according to the Trendline Trading Strategy RULES 1. Always trade with trend, because Trend is your FRIEND. 2. Find trendline that has at least 2 touches. 3. Clear breakout of structure Chart 3. shows clear breakout of the zone Mostly you should rely on Volumes, that has to increase a lot. Moreover body part of the candlestick should...
Basic rules for trading according to the Trendline Trading Strategy RULES 1. Always trade with trend, because Trend is your FRIEND. 2. Find trendline that has at least 2 touches. 3. Clear breakout of structure Chart 3. shows clear breakout of the zone Mostly you should rely on Volumes, that has to increase a lot. Moreover body part of the candlestick should...
The Fibonacci Channel is a technical analysis tool that is used to estimate support and resistance levels based on the Fibonacci numbers. It is a variation of the Fibonacci retracement tool, except with the channel the lines run diagonally rather than horizontally. The tool is used to aid in identifying where support and resistance may develop in the future. If...
In this article, we will present some basic information about the bedrock of technical analysis – the trend. Technical research is founded on one main assumption: market prices move in trends as they are freely traded. Traders and investors hope to buy a security at a low price at the outset of an upward trend, ride the trend, and then sell the security at a...
If the ascending channel ceiling is broken, it is possible to grow to the width of the channel
A lot of newcomers have been asking for educational content because you don't understand why my strategies work and how I conclude that a particular price-action will likely happen on certain assets at certain price-levels. It's lovely that my followers aren't just seeking signals, but actually digests the charts I'm sharing and actively tries to expand their...
According to the Dow theory, there are 3 types of trends. When the market moves in a certain direction, it never makes it a straight line. The market always moves like this: a new peak; rollback; new peak. A rollback is followed by a new maximum value, a new rollback, and so on until the trend changes. As a result, any trend can be decomposed into several stages....
Hi every one So in this post we want to talk about a thing that If you've been following us you would've see a lot of it ! we wanna talk about Divergences! and how to use them to our advantage! there 4 kind of divergences in total which we will describe one by one! 1-regular Bearish Divergence (-RD) 2-regular Bullish Divergence (+RD) 3-Hidden Bearish...
Hi guys, today I will be explaining how to use the Relative Strength Index (RSI) to your advantage. First of all if you have not already, please follow me. Okay, so the RSI is commonly said to buy when oversold and sell when it is overbought. However, this strategy does not always work, and can result in you predicting what the security will do. First Step: You...
The lines wouldn't have been drawn in until after the move was made. I don't think you could have caught this one using the S/R and TL extension confluence strategy. At least I don't think I could have.
Hey guys, I had people ask me how to draw support and resistance lines and also the basics of just reading a stock chart. Always work your way from outside to inside. You want to see the whole picture and not trade in a vacuum. Some people call it supply and demand zone. When I started day trading and swing trading, I started out with drawing out these lines. This...
TDI (Traders Dynamics Index) is a powerful tool that determine the entry signal This indicator consists of 3 important indicators a below RSI (30, 70) Period (20) --> Green MA (50) --> Red Bollinger Bands --> Yellow with Blue band lines How to use the above indicator is as below When the Green cross the Red positively, this is a green signal to buy ...
In this video, I discuss the different trading perspectives based on different timeframes. We also take a look at which timeframe will give you the best entry depending on how you define your entry. Do you define entry by price or time in trade? Let me know if you agree in the comment section. Do not forget to give this a thumbs up.