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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
BITSTAMP:BTCUSDEducation
by TradeTheIndex
1
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
TVC:USOILEducation
by TradeTheIndex
10
NZD/JPY, NZD/CAD, NZD/USD and GBP/NZD on watch for me today.NZD/JPY: • I will not be trading this pair until the legal action surrounding the 2020 US Presidential Election has reached its conclusion, but if once it has price pushes up to and ideally just below our upper rayline and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the fifteen minute or the one hour chart. • If price pushes up impulsively to and ideally just above our upper rayline, then I'll be waiting for a convincing push back up followed by a tight flag where I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to our lower rayline then regardless of how it does so I'll again be waiting for a convincing impulse back down followed by a tight one hour flag and then I'll be looking to get short on the break of the flag so long as I'm safely able to move my stop loss to break even before price reaches the next significant inflection point. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades. NZD/CAD: • I will not be trading this pair until the legal action surrounding the 2020 US Presidential Election has reached its conclusion, but if once it has price pushes up to and ideally just above our upper trend line, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to our lower rayline then regardless of how it does so I'll again be waiting for a convincing impulse back down followed by a tight one hour flag and then I'll be looking to get short on the break of the flag so long as I'm safely able to move my stop loss to break even before price reaches the next significant inflection point. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. NZD/USD: • I will not be trading this pair until the legal action surrounding the 2020 US Presidential Election has reached its conclusion, but if once it has price pushes up to and ideally just above our upper trend line, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to our lower rayline then regardless of how it does so I'll again be waiting for a convincing impulse back down followed by a tight one hour flag and then I'll be looking to get short on the break of the flag so long as I'm safely able to move my stop loss to break even before price reaches the next significant inflection point. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. GBP/NZD: • I will not be trading this pair until the legal action surrounding the 2020 US Presidential Election has reached its conclusion, but if once it has price continues to push up then I'll be looking to get long with a reduced risk entry on the break of a subsequent one hour flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade.
by StewySongs
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.
FX:US30Education
by Captain_Walker