How To Trade Like Banks Using Accumulation & Distribution: FOREXIn this video, I will be sharing How To Trade Like Banks Using Accumulation & Distribution and give my forex tutorial so you can watch it to possibly improve your forex trading skillset. The concept of accumulation & distribution in forex trading is very important to understand the cycles that the market goes through and not remain trapped in sideways moving markets with tons of manipulations.
Chart patterns
Most Powerful Formation in Technical Analysis Sideways Channel!Hey traders so in the last lesson we spoke about how the Head & Shoulders pattern is great for spotting tops and bottoms in the market. Today I want to introduce you to the most powerful formation in all of technical analysis called The Narrow Sideways Channel. This is every traders dream to learn how to catch the big moves and profits that make history in the markets. They don't happen very often but when they do the market can explode and we can catch the big move before it happens. If you ever see one of these on your charts get ready to strap in your seatbelt because it will be a wild ride!
Enjoy!
Trade Well,
Clifford
The Art of Technical Analysis for Beginners part 1Hey Traders so today I wanted to make a brief tutorial on technical analysis for those who are new to trading. This will be a short series that gives you the tools to understand the charts without any indicators ever needed. This analysis can be applied to all markets Stocks, Forex, Commodities, Crypto etc...
Be on the lookout for future videos in the series and I hope it helps those who are new to trading!
Enjoy!
Trade Well,
Clifford
Trade what you see, not what you hear.In this video I look over a few indices and the VIX.
There is a problem i.e. the news is saying one thing, but the charts are showing something rather different. I look at some trendlines, channels and patterns. After many years in trading I'm no longer obsessed with the names of various patterns. The overall pattern is what interests me more.
The news is about short term reporting. Rarely do popular news reports analyse trends in a robust way. Today I looked at some overview video report on the indices, from a reputable brokerage site. Not surprisingly the commentator was going on about MACD, RSI, Stochastics and support lines. There were other things considered like non-farm payrolls and jobs reports in the US. But even when going over the charts, he missed the obvious channels and other features heading south. This is the danger of listening to these broadcasts. You are at the mercy of the reporter who only has a limited time to assess the markets. Additionally all reporters hold their individual unconscious biases and blind spots.
' Am I biased in this video? ', I'm asking myself. I probably am. But all I know is that I'm seeing certain patterns that everybody else can see. The patterns are relevant to obvious trends, as they present themselves at this time. Note I said 'at this time' because the picture can always change.
This post and video is predictive of nothing. I don't do predictions and likewise I set no targets. I simply follow trends and exploit patterns where I see them. When I enter a trade, the stop-loss truly means that I've lost that money. Although I don't gamble, by analogy when one goes to a casino and puts the chips on the table one knows that is the loss. So that's how I approach the loss in my stop-losses.
As 'the man' once said, " Trade what you see ". I'll also add, "Don't trade what you hear ." (namely the news, blogs and gurus aplenty).
The examples shown in the video is not a recommendation or encouragement to trade. Your losses are your own if you enter a trade based on any position shown.