Step #1: Wait for the MACD lines to develop a higher high followed by a lower high swing point. The first rule of thumb to recognize a swing high on the MACD indicator is to look at the price chart if the respective currency pair is doing a swing high the same as the MACD indicator does. A higher high is the highest swing price point on a chart and must be higher...
Step #1 Wait for the Price to Break and close above the Ichimoku Cloud Ichimoku cloud trading requires for the price to trade above the Cloud because that’s a bullish signal and potentially the beginning of a new up-trend. The cloud is built to highlight support and resistance levels and it’s supposed to highlight several layers deep because support and resistance...
Step #1: Determine the dominant trend on higher time frames The first thing we need to establish is the direction of the dominant trend. For this purpose, we’re going to use multiple time frame analysis. For example, if we intend to trade on the lower time frame 5-minute chart or 15-minute chart, then use the higher time frame 4h chart to determine the trend. If...
Step #1: Draw the double Pitchfork channel The first thing that we need to pay close attention is how we select our swing points. We only want to choose significant swings on the Zcash chart. Once you locate the four swings, merely use the Pitchfork indicator to draw the double Pitchfork channel. There is a simple reason why we use two Pitchfork channels. Our team...
Price had bearish breakout Re-entry with Sell Limit @ 131.80 Re-entry with Sell Stop @ 131.55 Take Profit @ 131.00 Be prepared if price re-enters the range for long trade to 50 sma Watch Macd for direction
Pair has been in a range for awhile NFP News is tomorrow morning which should help price breakout of range Long Trade Buy Stop @ 1.2933 Buy Take Profit @ 1.3000 Sell Trade Sell Stop @ 1.2795 Sell Take Profit @ 1.2735 ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
NFP may not effect this pair too much If price goes up from here Sell Limit @ 1.8165 If price continues to drop Sell Stop @ 1.8025 Take Profit is @ 1.7925 Stop loss @ 1.8231 Or if Macd crosses above Red signal line Also you can exit early at 1.8115
Pair has been in a consolidation pattern above the 50 sma. Buy stop @ 1.2918 if prices pushed for a higher high in the up trending pattern Long Take Profit @ 1.2995 Sell Stop @ 1.2795 if price drops below the 50 sma Sell Take Profit @ 1.2730 I will follow the Macd for a stop loss either direction. If Macd crosses either the Red Signal Line or the Zero level line...
Price in an obvious down trend Anticipating a retracement phase NFP is the end of the week Probability this price action will reverse because: Price would move to a more neutral position before Friday Price stretched far from ma's core center Macd stretched far from zero line Macd over sold Possible Fractal Bullish breakout setup developing at current price action
Our moving target exit strategy is designed to capitalize on strong market trends that have continued momentum. A strong trading market doesn’t produce significant retracements, and the target trading strategy can help you ride those trends so you can achieve your profits targets as well. Warning our target trading strategy doesn’t require using any type of...
Step #3: Apply again the Gann Fan Indicator on the Swing low Prior to the Breakout above 2/1Gann Fan Angle How to use the Gann fan indicator? Simply follow the instruction presented in the above sections. At this point, you can also get rid of the previous Gann fan angles drawn from the swing high. This will make sure your chart will not get cluttered and the...
Day - Price at BB Dev 1 top band - Watch where day closes 4H - Price needs to breakout of the SMA's range 1H - Watch if 50 sma holds - Price may be retesting support - New fractal high made 15m - Wath if 50 EMA holds Watch red/green arrows indicating possible directional choices price can make 4H has possible target prices from breakout
How to Draw Gann an Angle In this section, I’m going to teach you how to draw Gann fan angles. Many traders are used to drawing the Gann fan angles the wrong way which is why you need to pay closer attention to this section. You first need to draw a perfect 45-degree angle and most sophisticated trading platforms should have incorporated such tools. On the...
Entered trade at 1.6019 Take Profit @ 1.5955 Day chart price has fallen into BB Dev 1 band channel bearish bias 4H - Macd over bought/falling to 50 sma/needs to break below to 100 sma 1H - Price entered trade moving to take profit @ 1.5955
EURUSD fell to 800 sma GBPUSD could follow Short Trade Sell Stop @ 1.3867 Take Profit @ 1.3775 Long Trade Buy Stop @ 1.4005 Take Profit @ 1.4070
Multi Time frames Day/4H/1H/15m Day - Double top/evening star candle pattern 4H - Macd overbought/Macd crossed below Red signal line/price falling to 50 sma 1H - Price stalling above 38.2% fib retrace/Price riding along 100 sma 15m - Macd over bought/Price broke below 100 sma Enter short on a 5m break-hook-go
Big 3 Indicator still showing green Bullish bias 15m Buy Stop shown for entry 4h Sup/Res level will be Take Profit
1st Fractal long completed 2nd fractal low completed If price break below 2nd fractal low will invalidate this trade Entry shown where 1st fractal low made its high. Breakout above this level is my entery. Take profits shown