This T.P.B principle happens on all time frames, but if you are scalping or day trading (using 15 minute, 1 hour or 4 hour charts). Key Principle: Identify the trend. Watch for pullback. Trade the beak out. 1) Trend candle (TC) 2) Pullback candle (PC) 3) Break out candle (BC) The above can happen on 1 candle each or couple or few candles- attach GBPNZD...
Visualizing the different sessions (Sydney, Tokyo, London & New York) on a chart is easier, then just reading about them. Best times to trade are both the Tokyo/London overlap (purple area) and London/New York overlap (purple area). Price action and risk management is key to profitable FX trading. Remember Four Things When Making Any New Trades: 1) Pair...
Hi friends! As we all know, each market crash is accompanied by an increase in its volatility. Here's an example of how a low VIX perfectly predicted today's correction. Therefore, it is always advisable to have the VIX on our watch list to be able to do a preventive monitoring of the market. When we see low volatility, we must close positions or be very...
Tokyo Session: Liquidity begins coming in from Wellington, New Zealand. The Tokyo session has a higher tendency for ranges to hold- support and resistance to be respected. London Session: Liquidity being furnished throughout Europe. The London session has a proclivity for fat, active moves. New York Session: Can exhibit behaviors from both London or Tokyo...
One of my favorite entry patterns on daily, 4 hour or 1 hr chart pattern (can use on lower time frames too) Example of a bearish 4 hour A-B-C pattern GBPJPY attached chart: Rules: 1) Wait for 0 leg to A leg (bearish trend) then 2) Wait for A leg to B leg (bullish pullback back upwards, but not above A price) then 3) Entry once B leg breaks the low of A leg...
One of my favorite day time or scalping entry patterns is the breakout of range pattern on hourly time frame. The best times for any entry patterns occur is in between (end of Tokyo) 10 p.m. to 6 a.m (start of New York) PST/CA times- why? high liquidity and volume. This pattern on attached hourly chart, happened end of Tokyo and start of London a prime time to...
I think that Btc/Usd will be in a sideways range in the month of May, in between 55000.0 to 60000.0 ($5000.0) unless some world CraCra event happens. On weekly and monthly Btc/Usd charts- most of the price action has been in between this range, with one spike to $65000.0 last month. Btc/Usd sellers won last month with price action making a long legged red doji...
Example of both a bearish and bullish order block that would have helped you day trading the Gbp/Aud pair on 15 minute time frame. This is a very both a high liquidity and volume four hours of day (last four hours before London session closes). Noted on attached chart is following: 1) 1:3 risk/reward set up on a bearish and bullish trade. If you would have...
Visual chart of different daily session: Sydney, Tokyo, London & New York is easier to understand then just read on website. When sessions overlap and when both highest liquidity and highest volume happens per day. If you day trade & keep price action number one and trade during highest liquidity and volume hours area per day, which is the (12 hrs) in between...
I compare SOXL returns with SOXX, SMH, and PSI, all ETFs in the semiconductor space. CONCLUSIONS AND FINDINGS: YTD 2021 SOXL has not provided any net benefit over it's peers. And if you use stop loss orders you've probably lost money on it due to its extreme volatility. Smaller quant ETF fund PSI is the better performer on most/all time horizons YTD or more...
Bollinger band is a technical indicator that is used to identify volatility in price using moving average and standard deviation. Bollinger bands indicator consists of three bands • Upper band • Middle band • Lower band
Forex is open 24 hours a day, but first 8 hours of new session has slow and low liquidity and volume and last 4 hour of session has slow and low liquidity and volume. Why is first 8 hours mostly ranging and sideways price action, related to Sydney and Tokyo sessions are only ones open for trading and last 4 hours of session is because only session is open is New...
This video idea is the tutorial for the script I just released that can be used to filter out meaningful Bollinger Bands Squeezes. If you use this indicator pattern to trade this additional filter will help you filter out and set alerts for contractions in the Bollinger Bands. You can search for this script under indicators as "Bollinger Bands Width Donchian"...
If you are new to trading Forex, should you have sessions indicator on your charts? Yes, 100%. Why, most of the liquidity and volume happens at end of Tokyo session to end of London session. This involved Tokyo/London overlapping one hour and London/New York overlapping four hours. You need to understand that price action during Tokyo session mostly ranges or...
Noted on GBPAUD daily chart are four daily candlestick reversal trade set ups to day trade (one day or two days maximum). Rule: Only use around 100 or more ADR pairs (average daily range) pairs- GBP and EUR pairs are great. Also, use half of daily ADR for all stop losses, now GbpAud ADR is 140 pips, so 1/2 of that is 70 pips at around $8.00/per pip move. Yes,...
Continuing the few posts I want to do on basic indicators/setups that I personally use, I'd like to talk about a super effective and very simple chart setup that uses a very common indicator: Bollinger Bands . I'll reiterate that TA is never, ever, ever 100% accurate and wild cards come up that break the mold of even the most reliable setups, so keep that in mind...
Here a introduction to some of the most used indicators. and some tips to use them easily.
Please refer to the linked video from before to match it with the indicators and formulate the thought process of the Bubbles strategy! thank you for watching!!