Perhaps the most important rule when trading professionally Is that history repeats itself in the markets.. So you may be asking what exactly does this mean? Well its rather simple; Market moves that happened before happen again!... Over and over. The reason is because markets have memory. When price returns to these levels you see similar reactions. Why is...
I thought it was a good time to share this lesson on understanding price movement within markets. Often, traders will not be able to remain 'calm in the game' as long as the market maker. Price can go up, or it can come down. Inevitably, as liquidity and orders are taken in the market, it will stall and reverse. It is just inevitable. Markets have to go up...
(Im also using this chart to show some key signals I look for when trying to find possible price reversals) Using the daily chart UVXY appears to indicate a high probability of upwards momentum in the short-medium term. Today and maybe the following days could be a good time to buy calls at least 3 weeks out. Using the MACD indicator and the RSI indicator I...
Several studies have found a connection between moon phases and the performance of the market. You can research the internet and you will find many articles on this topic. In the chart above we have marked the Full Moon dates for the past 2 years in order to give you a visual representation of the Full Moon and important shifts in the market. It is impressive to...
Watch XAUUSD stay below 1880.00 for selling opportunities towards 1820.00
Hello everyone, this is an update to my previous video with the link below. I think we're in a bull run and we can see 1.27 as the target in the next couple of months. I've explained how to out your Stop Loss, so do your own analysis before making a trade.
Hello everyone. The pivot point from the correction is between 0.5 and 0.6 levels. Obviously loosing any of those levels are going to delay the bullish move. You definetely have to be careful of the Ichimoku cloud. Loosing the support for cloud would exaggerate the bearish move. Note: Do you own analysis before making a trade.
A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. Oftentimes, traders watch for a move below the lower support trend line because it suggests that the downward momentum is building and a...
EURAUD stayed below 1.5700. Look for selling opportunities towards 1.5500
Moving Average You can use a moving average for support and resistance, so when the chart pattern will break the upper moving average then that will be the support for the chart pattern. If the chart pattern is testing the upper moving average and its bounces back again and again then that moving average will be your Resistance. You can use moving averages...
GBPJPY stayed below 154.00. Look for selling opportunities towards 152.00
Training trading positions Along with fake breakouts and how to use trading volume and the impact of volume on price movement! Use Kendall patterns as well as use resistance and support correctly.
Opening range breakout is something that I use daily for almost all of my plays. Its very simple. If the high or the low of the first five minute bar is broken. Take an entry in the way the stoke broke. I have seen soooo much success with this strategy. There is much more that goes into it like stop losses and where to take profits. Those will all be explained in...
Opening range breakout is something that I use daily for almost all of my plays. Its very simple. If the high or the low of the first five minute bar is broken. Take an entry in the way the stoke broke. I have seen soooo much success with this strategy. There is much more that goes into it like stop losses and where to take profits. Those will all be explained in...
When price stay below 1830.00, look for selling opportunities towards 1810.00
Rising wedge now we are waiting for the third touch to complete the pattern So for risky traders entry should be on the third touch While for beginners entry should be on the break below. TP should be the red line below. TAKE NOTE IT'S NOT A FINANCIAL ADVICE. I pushed stop loss upward because price is at the high on bitcoin and bitcoin can make some silly Spike...
GBPJPY stayed below 154.00 Look for selling opportunities towards 152.00
I tried to make a Guide for my Friends so they know when to buy or sell. Is it good or trash? ( Im super new to charting )