You need to read the tutorial first before this post. Here is the tutorial : This is an example of how to apply the concepts I explained in the oscillators tutorials. I have numbered the text boxes so that you read them in the correct sequence. Start from the left hand side and move along the chart. In this example we have applied some basic concepts like...
I hope you enjoy this tutorial about Wycoff's Springs and Upthrusts with entry spots
How to trade Inside Bars: 1- put SL some pips under (over if short) high value of the pattern 2- enter after the pattern is created 3- I usually trade with a risk/reward of 2
How to trade a tweezer top/bottom: 1- They must placed at the end of a consolidated trend; 2- I usually put a SL some pips under low value of the pattern 3- I usually trade this pattern with a risk/reward of 3 if trendfollowing and 2 if not
How to confirm an H&S pattern using Stochastic: 1- looking for an H&S pattern on chart 2- stochastic "d line" must follow the same 1-2-3 structure. Point 2 have to be higher than the other 2 How I trade it: - SL some pips under head - Risk/Reward of 3 - Enter one candle after right shoulder confirmation
How to spot a Fakey Pin Bar 1. long candle called "mother" 2. an inside bar (remember that high and low values of an inside bar MUST be inside high and low values of the previous bar) 3. pin bar (long shadow in the opposite direction of the future trend and a small body) How to trade it Stop Loss some pips under pin bar low Enter after pin bar formation ...
Hi Traders, Here is a bearish bat pattern setup on USDJPY with D pattern completion at 103.950. Read below if you are unsure how to identify a bat pattern. 1) Look for an impulse leg, which will mark the beginning of the pattern. I like the analogy of seeing the impulse leg as a "Sore Thumb" high or low point, something that immediately sticks out on the chart....
Imagine you have a strategy and you found that the optimal risk you should take is 4%. In other words with this strategy you should put 4% of your capital at risk in every trade to grow your account the fastest. If you enter a trade with 100% of your capital, the SL % is the % you put at risk. NOT the whole position size. So by entering a trade with all of your...
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