By the time you are done with this tutorial, You will understand Structure, Trends, Reversals & much more! This tutorial will teach you how to dig deep into the charts & analyze where price is likely to go next!
Reading Structure can be difficult when you first start trading, however most professional traders (if not all) understand structure very well and it is...
Identify the current market pattern, and set yourself up for success!
There are only 2 categories of price action, trends and ranges.
Identifying a trend pattern is that it sets you up with an expectation about what comes next.
When the market is in an up-trending pattern, expect that a higher high is coming.
The nature of a trend is to make progress in one...
Ready Set Crypto Trend Trading Indicator 2.1
This indicator combines 4 indicators as one indicator (assuming you are looking the daily chart):
An Upper Donchian Channel of 20 days (default) or more, used to indicate buy signals
A Lower Donchian Channel of 10 days (default) or more, used to indicate exit signals
A 50 day Simple Moving Average (for entry...
I take you through this trade that I took on BTG/BTC yesterday and the result. I also let you in on a little on what I'm thinking as of late about the current muddy market conditions and how I'm adjusting my strategy to best fit.
If you'd like to learn about the methods I use to trade, visit www.tradercobb.com
This is a very descriptive example on how a trader can find high probability trades that are very unlikely to reverse. The markets are full of fractals so this strategy should be good for any timeframe but I highly suggest you use these timeframes as follows. If you place trades using the 4hr, use the daily for trend (example on the chart). If you place trades...
This is a very common technique used to plan an entry by placing a buy stop above the last candle high.
The ATR at the point of entry was about 14pips and I typically use a 1.5 to 2 times ATR.
The trade is still opened at this point and time and i'm waiting to move my stop loss higher to protect
I do not know the extend on this rally but I know...
This is my trading plan. You can look through my published ideas to look at other examples.
I need 3 reasons to enter a trade.
1. A clear direction. I use 3 emas 50, 100, and 200 as shown in the chart.(Required)
2. A horizontal support/resistance area. (Required)
3. Price retrace to one of the emas to act as resistance. (preferably than fib)
4. Fib continuation...
One of the strongest setups are the ones that are being formed by the dual time frame momentum. By using multiple time frames you will be able to create a high probability setup. Key rule is: Large/High time frame for trend and Small/Low time frame for your entry. Personally I mostly I like to hold short term positions, so I use the daily time frame for the trend...
This is just a brief description of how I manage my trades. It's important to juggle a few factors in these sort of cases.
Firstly, it's best not to mother a trade to much. You need to give it room to breath and keep your stop in a place that isn't going to kick you out to early.
If the market is telling you something is potentially wrong, you need to be...
MARKET ANALYSIS: The market has broken the huge uptrend channel and now its moving to a sell. Now in the lower time frame we have descending channel formation. We have strong support zone near the market price now. If the support zone is broken we can see a new lower low for a huge shorting opportunity. So lets wait and see what the market does in the coming days. Cheers!
Hello again friends,
Deciding what kind of trader you want to be is important, so you're not bouncing all over the place. Having said that, learning different ways to trade can add an important weapon in your arsenal against the markets. I'm a counter trend trader at my core, but my trading plan has a provision when the maximum profit vs risk presents itself in...