I have seen high impact news strategies from 1 minute to 1 hour online, if you are interested in this kind of trading please investigate further. Always use great risk management and stop losses on every trades- when high impact news hits, that currencies BASE pair will determine what direction its goes, negative down and positive up. If I trade high impact...
If you are either a scalper trader and/or a day trading, the 1st hour of new session is never a place to trade: Here are some reasons: 1) Low Liquidity 2) Low Volume 3) Very High spread widening ( can be 15 to 20 pips) from broker 4) Very Large hourly candlesticks (example: 88 pip large clearing doji candlestick) happens for broker to take both buyer and...
this learning with BTCUSD htf 1D so, basically, this is the action of buyers and sellers Formula : X + Y = 0 with HLC (high low close) 1D : close candle X : (-) minus Y : (+) plus Body : candle mother Wick : line high or low Next support BTCUSD on 30500 if crash we see 29k 28k stop on 26700.
Using past consolidation zones to determine key areas of support/resistance ("S/R") In this chart, I'm using a script that I've published (called " Bollinger bands + RSI Strategy" ) to determine the key areas of S/R (refer to Note 1 (below) to briefly understand how the script behind works). For the purpose of this analysis, we will ignore the performance of...
Hi traders! As we said in the last article it’s kinda complicated problem to measure volatility. However, it’s one of the most important features of market. Any strategy directly depends on the volatility level of coin. Moreover, it provides signals of entry and exit. BB Width is one of the most accurate tool to measure volatility. The Bollinger Band Width is...
Hi, traders! Volatility is one of the most important parameters of the market. The measurement of it play a great role in technical analysis. Thus, it's kinda important to use tools that can tell you a lot about it. The Ulcer Index (UI) is a technical indicator that measures downside risk in terms of both the depth and duration of price declines. The index...
Plenty of traders are struggling to trade the choppy ranging market of the past couple of months. Especially as it comes after an "up only!!!" period where making a mistake was an exception and (at least some) success the rule. Wicks and stops hunting are not making it easier. We always speak about preparing the strategy for the next leg, but traders still don't...
On attached one hour EURCHF chart- what do you see? Make scalping or day trading easier by understanding candlestick language. What they are telling you. 1) Large momentum candles are sell or red 2) Two Head & Shoulder patterns 3) Both H&S patterns broken via 30% trend angle to downside 4) Best time to trade and sell today is during London and London/NY...
Hi, traders! The volatility is one of the most important market indicator that could describe the instrument’s behavior. That’s why it’s deadly impossible to use it to predict the further price movements. But what is volatility? It’s the measure of price changing. The more volatility is, the more you can earn or lose, the price is prone to change. So, dear...
Making money with a systematic approach requires obeying the following rules: *See hourly EurCad example chart (can you do that?) • A systematic trading approach, tested on historical data, should be executed with precision and accuracy (if possible, a computer should generate the signals). • Although we concentrate on pattern recognition, candlesticks, and...
Please look at any Forex 4 hour chart with simply volume on bottom- what do you see? Part of your trading edge should be only trading with high liquidity and volume (in-between these 12 hours a day)- then do other things to maintain balance of body, mind and soul in your life. Yes, you see that only times you should be either scalping or day trading is in...
On a 24 hour market cycle or longer time frames- these cycles happen all of the time. If you can figure out which phase current price action is in, you can make your trading easier and more profitable. Remember: S.A.T. or Stop-Accumulation-Trend Example of Today's sell trade from a breakout and return then going into trend for the day.
24 Hour Daily Market Cycle Key Phases: Accumulation Phase Stop Hunt Phase Trend Phase Of The Day
Then, what happens after they consolidate 60 minutes or so, they will start the trend run against their original move. Trend Phase: Once they set the high of the day off of the break, they'll start the channel, and run the trend down for 6-8 hours. If you're going the wrong way, it's a nightmare! It's slow, relentless, and it just keeps going, and going, and...
Let's say they have 3 trillion dollar in short-holders, and 1 trillion dollars in long-sellers. Guess who's getting punished today? Short-holders. It's simple. It has nothing to do with the 1 hour, 4 hour, which way it's pointed, or which way it's going. It's where the dollar volume is built up that they can do the most damage, and collect the contracts. (See:...
First of all, let me ask you, "Have you ever heard of a market maker?" Others will tell you they don't exist in Forex market: that the Forex market is too big to be manipulated. Well, I'm here to tell you otherwise. There is a small elite group of traders that do in fact control how market will play out on any given day. The beauty of what I am about to share...
LISTEN - To your MA's they're your snake eyes. They move like snakes following the money. ( check out post " benefits of scale on the left ". They know where the price been and they're letting you know where it's going. NOW, IF ALL MA'S MEET AT ONCE, WHAT THAT MEAN? --- I HAVE NO IDEA. EXACTLY. WE HAVE NO IDEA IF THE Great Wall OF CHINA IS GOING TO SUPPORT...
There are 6 (six) boxes of 4 hour (candlesticks) per day- best times to trade our at end of Tokyo to end of London- related to liquidity and volume. Please look at hourly chart for more details- convert times to your location.