Once price enters the target area (circled) that is where you can look for the accumulation cycle in one of its various forms (net search Wyckoff accumulation schematic).
Here a linear channel is used. But the same will apply to a Banded channel i.e. bollinger, keltner .
Additional variations with general target zones (circled areas).
Target areas can be any confluence of fib, S/R, EMA.. or any of them individually.
Try to avoid being locked into the textbook use of EW waves, sometimes you can make it work as a projection tool, but there are many variations.
For reference look at areas 2 and 4 for accumulation/re-accumulation.
USDCHF education
For usdchf, the price movement has been sideways for 5.5 years.
Now, as we can see, the side is broken. Perhaps this is the end of the sideways movement, and the price will continue to fall after a slight correction on a smaller timeframe. Based on the fact that the dollar index is falling significantly, we can expect a strong fall in this pair....
Follow the plan: Today the Ration id DOWNTREND and Prices are UP. So buy Silver (see below).
No Options trades as BB width is "narrow"... so sit and hold. Use 1 or 4hr and Daily Charts for true trends.
GOLD-SILVER RATIO TREND GOLD AND SILVER TREND SIGNAL
Gold-Silver Ratio Uptrend Gold and silver in Uptrend Buy Gold
Gold-Silver...
I use this system to scalp Bitcoin USDT Futures with incredible high accuracy! Let me know if you want to try it as well :)))
Perftct for swingtrading as well. Check the link to my related idea how the system perfectly catched the Gold/USD entry + moon shot :)
You can make money from an uptrend or a downtrend in trading.
Downtrends tend to move faster than uptrends, which is why you will find some traders who opt to only short sell assets in order to capitalize on the quick price action.
Many kinds of research show that financial instruments can trend more than 30% of the time. The rest of the time, the active moves...
A lot has been said in the past about trading with the trend and of course when the market is trending your probability should increase when doing so. The reality of course that the market spends most of its time in ranges and when this occurs finding trends can be tough.
In saying that, trading ranges can sometimes be easier to navigate the price action as the...
In my previous post on this topic I focused on the general reason for the causes of inflation as well as why rising interest rates can cause inflation during the boom portion of the business cycle . In this post I hope to go into more detail and to discuss how interest on loans contributes towards inflation during the bust portion of the business cycle.
In a...
It does not mean because you can trade every pair in your trading platform you should... I am not sure what is going on in this idea that I have because I am just letting the pair go for now but I wanted to show you the thinking process of this failure...
