Hello Everyone, Drawing trend lines is very important to analyse the charts. Sometimes I see some charts then realize many lines on the charts and usually most of them useless or meaningless. so how to draw trend lines? is it possible to make it by a script? Then a few months ago I decided to develop a script to draw trend lines automatically. I already...
Bump and Run Trading Strategy – Sell Rules The Bump and Run trading strategy is one of the best reversal trading strategies that you’ll probably ever need to learn. The psychological reason why the Bump and Run reversal is such a powerful pattern is because it takes advantage of the result of excessive speculation. This propels the price too swiftly to the extreme...
1D ASCENDING TRIANGLE BULLISH BREAKOUT. Wait for a Daily Candle Close above triangle. 1H PULLBACK TRENDLINE BEARISH CONTINUATION BREAKOUT. Wait for a 1H Candle Close below Pullback Trend line. Or wait for a Bearish Continuation Break-Hook-Go candle pattern.
(Rules for A Buy Trade) Step #1: Wait for the MACD lines to develop a higher high followed by a lower high swing point. The first rule of thumb to recognize a swing high on the MACD indicator is to look at the price chart if the respective currency pair is doing a swing high the same as the MACD indicator does. A higher high is the highest swing price point on a...
EURSGD Entry 1.53053 Exit 1.54771
USDSEK Trendline Break
AUDCHF did not retest diagonal support and resistance. Next time enter after break + close.
This is SO PROFITABLE a move that anyone can do it! Look for a break in structure. The normal structure for an Uptrend is HH and HL, a LH or a LL would constitute a break in uptrend structure. The point identified on the diagram represents a LH, which is the break in structure. At that point you can enter the market. Happy profits :-)
Not all trendlines have to be build using higher highs and lower lows. Some work perfectly as a trend direction and parallel channel middle line. The more bounces it has the more important it is for the chart (not stronger, but important). Also pay attention to volume - it should increase at line cross or bounce zones, confirming the line. Example - look at blue...
Trendlines can be super powerful! Draw them onto the tops of the wicks of the candles, do not 'make them fit' and always be wary for a retest to get that sniper entry!
Using triple charts, TDI' Complementary Overlay, TDI' PRO and a basic entry rule we can make profitable trades possible. Based on the condition of using an account with just under $5,000 trading account capital, with 1:500 leverage, with a deposit margin of ~$80, a single trade with lot size of 0.35 ~ $310 Profit, 1 trade in one day Third Chart use example
1. Divergence 2. Trend Line Break 3. 123 Reversal Pattern 123 Reversal Pattern: At point 3, the market is at the crossroads and price can either make a new low or confirm a change in trend once price takes out point 2.
As a currency trader, it is important to be able to flip your bias on a market as soon as possible provided you have objective technical evidence to support this flip. Too often, traders are influenced by a third party’s opinion about a long term trade bias that may be generated from fundamental analysis which is highly subjective. They tend to hold this bias for...
Hello, i posted before a chart about this trading system, you can check it on related ideas below. Here is another good example real-time on AUDUSD. I wanted to repeat the process and share some tips based on my own experience. 1) We found a clear downtrend (series of HH,HL) 2) The downtrend is broken and a Higher High is formed (convergence) 3) We confirm the...