First Thing that I always do is to find the map and see where is the price and where it wants to go.
I have seen a bearish Elliott Wave with possibility of correction wave to a little above wave 4 which I named it as Point E right on R5 Trend. (Based on Elliot Wave Principle).
And Also I see a Double Bottom Pattern that gives more significant to reach point E....
I had a request from a friend to analyze USD/TRY:
On daily perspective I saw a nice classical Elliot Wave with double zigzag till point E correction waves.
Before starting the analyze I want you to eliminate the harmonic pattern that I draw there; First we start with trends and the potential of opening trade. PA (Price Action) creates trend and trends give us...
Google had an interesting triangle break out.
Price is on Minor Orbit. Unfortunately I could not find any orbit above. But based on old candle chart we can expect a drop in future.
There is a rule in trend price action; any jump from each trend has a reverse to its own trend until it breaks out the trend. Trend R 1 is already broke out. Trend S1 is still valid...
In previous analyse about APPLE INC H2 Perspective; I have found the future time and time by using trend and orbit technics.
Here I added this harmonic pattern to my previous analyse. As a good trader I'm always aware of pattern and do not open position based on pattern itself. Pattern is like a map with no certain information on it. Before making any deal you...
As slowly we go on I bring up more technics on my perspective.
I had an email from a friend he required me to explain more about orbit and its functions.
Well, to be honest drawing orbits beside trend lines is my personal secret and idea.
What are orbits and how we can use them in our perspective in order to reduce risk:
I believe that price are turning around...
Patterns can be failed very unexpectedly.
Patient is the key of success. Open your trad on a strong trend.
Later I will explain about how to adjust SL and TP.
I will also explain how to get reversal signal and have more confidence on your decision.
It's all about Risk to Rewards. Get yourself mentally ready and deal for long term instead of amateurish...
We always keep ourselves into triangle position and open your position only right on the trend as you see.
Each jump on trend has a reverse to its own trend till it breaks out.
At this point in the end of triangle you should stay on your last buy position and wait for the break out to reach future expected price.
Remember you will never start your deal in the...
Each swing has an orbit that leads the price to the closest orbit in future. Orbit is an invisible line that price is swinging around it all the way till it crashes to another one.
Remember in any position we are going to put ourselves in a triangle pattern and find out the future trend lines and sell on the top and buy at the bottom.
Once we have the future...