1. Buy:
1.1. In any time frame we buy when price is seemingly plunging & RSI is gaining strength. Here we "MUST" watch only.
1.2. Then, a consolidation starts during which we can be almost sure that there will be no more descending move.
1.3. Being familiar with Harmonic Patterns during growth, consolidation & downturn cycles would of utmost help.
1.4. Next is...
Hello,Traders!
Japanese Candlesticks are thought to have been invented by the Japanese rice traders
And then made their way into the West where they were used for stocks, forex and commodity trading.
Reading candlesticks is quite easy: the body represents an area that indicates the price distance between the open and close of the candle, while wick’s ends...
Hello Traders!
Green dashed lines represents Limit orders.
White Dashed line Is the original signal, a sell stop order below the last low.
Take profit levels are the green lines.
Stop loss is also could be a stop and reverse for an inverse head and shoulders pattern.
This helps you to eliminate FOMO.
Have a great day!
Regards,
Vitez
A commenter to my most recent SPX post asked why I didn't label the 09/02/20 peak as Intermediate wave (1).
The sub divisions of the SPX 03/23/20 to 09/02/20 movement can not be counted as an Elliott motive wave because the supposed third wave is the shortest of the three motive - sub waves.
Third waves can never be the shortest of the motive waves (1, 3, and 5).
Mark
According to Wyckoff, the market can be understood and anticipated through detailed analysis of supply and demand, which can be ascertained from studying price action, volume and time. As a broker, he was in a position to observe the activities of highly successful individuals and groups who dominated specific issues; consequently, he was able to decipher, via the...
Price has been bearish for a couple of weeks now and we can now see a clear inverse H&S pattern formed on the 1h Tf. We are expecting a push to the upside upon seeing a divergence between price and RSI. price has also retraced to the 61.8% level of the current impulse. A lot of confluences for this trade to be a good one if not great. Good luck and even better RR...
There is a chance to go lower, be careful!
I like Fib's channel to predict next moves. Back in few weeks I was correct about moves of XRP but didn't published.
I saw that XRp gonna drop down to 1,3 and next to 1, what just happened last days, but instead earn money I lost much, cuz I thought that was for real too crazy that I could be right.
"Sometimes you eat...
What is the difference between the rich vs poor mindset? How do the successful differ from the rest of us?
So many people do not obtain financial freedom because they do not have one thing: the right mindset . Everything starts with how you think about money, wealth, and success. It is not a matter of luck, birth, or connections.
The biggest differences...
So guys this is An introduction to Eliot Theory, i was planing for it to be longer but it cut off on its own, tell me if you want to know more about this
How to Construct A-B-C wave ?
The corrective wave sequence A-B-C has following Fibonacci rules:
Wave –A this is 0.618 retracement of the prior wave it must be against the prior trend. (Example: Trend was up)
Wave –B this is 0.618 retracement of wave – A and may expand till 1.272 retracement of the wave –A
Way To Get This Levels:
Wave A- To get Fib ret...
I follow these simple steps to open a profitable trade. At worst cases you break even. I used to trade according to step 5 for several month but I was not profitable. At hourly time frames, I usually find 6 to 8 trades per week in the Forex market.
Please comment the post to improve this strategy, especially in terms of the use of RSI divergence.
Thank you
Classic tools are simple yet powerful tools but if and only if you know when to use them, otherwise they can be very misleading.
A good example of such pitfalls is inverse head and shoulders at the end of wave A. Traders who rely on this pattern regardless of its position in terms of Elliott waves may expect a new major high and become ready to make a nice profit...
ETHEREUM
“The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge.”
Hunter S Thompson, Fear & Loathing in Las Vegas.
Why Ethereum?
Ethereum is an open-source platform based on blockchain technology, which allows new developers to create their own...
i will show you the complete multi time frameanalysis for eurgbp.
monthly, weekly and daily analysis for for getting the best chances and the lowest risk
#eurgbp #eurgbpanalysis #eurgbp_signal
