Want to spot a turning point in trend before it happens? Use Elliott wave parallel channel
This chart shows the GBP/JPY currency pair using monthly candlesticks. The advance from Sep 2011 to June 2015 can be labeled as an impulse wave (A). From that high, the pair declined in three waves labeled as wave (B) of a Zigzag A-B-C correction with an expanding diagonal...
Hello fellow traders, today I would like to show you how to apply a Kennedy Channeling technique (by Jeffrey Kennedy) to identify and confirm Elliott waves with more confidence.
1. Base Channel:- Wave 3 identification
When wave 2 is complete, connect the origin of wave 1 and the end of wave 2. Draw a parallel line along the top of wave 1. As long as price...
Forex - foreign exchange market, is a location where international currencies are bought and sold by economic participants at various exchange rates.
Forex market is the biggest market in the world, reaching on average 6 trillion dollars trading volumes daily.
Forex market is a vital element for a global economy because it provides capital exchanges ...
Forex trading, also known as foreign exchange trading, buys and sells currencies to make a profit. It is the largest and most liquid financial market globally, with trillions of dollars traded daily. The forex market operates 24 hours a day, five days a week, allowing traders worldwide to participate.
The Importance of Patience
🕰️ Patience is a fundamental...
The market Makers' Buy and Sell Model is a strategy that reveals the market maker algorithm model for price delivery.
Basically, there are 3 things market makers' algorithms do with price in every trading session, day, week, and month
Those 3 things are; Accumulation, Manipulation, and Distribution.
AMD:
A: Accumulation
M: Manipulation
D: Distribution...
An investment field where one opportunity is enough to change one's destiny!
A market that works miracles every day!
Entering the new century, foreign exchange, an investment tool with infinite charm, is attracting the attention of more and more people. This market full of opportunities and challenges is changing our destiny all the time, so much so that it is...
From central bank interest rate resolutions, non-farm payrolls, PMI indexes, inflation rates and other data reports, to geopolitical developments, and even natural disasters, these are major news that foreign exchange investors cannot ignore.Because the trend of the currency is always guided by these major economic events and news developments, it is accompanied...
1. Simple judgment of support and resistance:
Support and resistance levels are the points in the chart that are subjected to continuous upward or downward pressure.The support level is usually the lowest point in all chart patterns (hourly, weekly, or annual), while the resistance level is the highest point (peak)in the chart.When these points show a downward...
Forex is the largest market in the world, with the tremendous daily trading volumes and millions of market participants.
In this educational article, we will discuss who moves that market and who are its 6 the most significant players.
1. Governments
Governments tend to set economic goals and influence the markets with their political decision. They define...
Forex - foreign exchange market, is a location where international currencies are bought and sold by economic participants at various exchange rates.
Forex market is the biggest market in the world, reaching on average 6 trillion dollars trading volumes daily.
Forex market is a vital element for a global economy because it provides capital exchanges between...
Price Action Definition #1
Hello My Dear Traders... I Am A New Trader... Not Too Long In The Game... But Just Starting Out On Social Media To Help Grow Myself As A Price Action Trader
I Am New To Trading View And I Am Hoping That I Can Fit Right In And Hopefully Make Some Great Educational & Analytical Content With Accurate And Understandable Information... Thank...
If there is one thing to remember, it's that life is precious.
What may appear to be a setback is really a stepping stone towards
a better tomorrow. That's the one thing that really separates us from the
animals. They are not aware of the the Future. They have instincts built into their
complex physiology. This is also what makes them innocent. But awareness of...
Price Action Trading Is A Method Of Trading Where Trading Traders Are Able To Make Trading Decisions About Trades Based On Price Movements - Price / Market Data... Without Relying On Indicators etc...
#1. Price Action Refers To The UP And DOWN Movement Of A Security's Price When It Is Plotted Over Time
#2. Candlestick Patterns - Candlestick Formations - Chart...
An Affirmation Is Defined As An Assertion That Something Exists Or Is True. An Affirmation Is Designed To Help Remind You And Encourage You That Something Must Be Done And It Must Be Adhered To
As The Saying Goes... As A Trader “You Cannot Change The Markets... You can Only Change Your Response To What They Do.”
Trading Affirmations Are Very Important And Very...
📏Pip is a measurement of the price change in a currency pair trading on the forex market. In most cases, pip is the equivalent to 1/100th of 1%.
That rule is applicable to all the currency pairs quoted to the 4th decimal place like EURUSD.
➡️Current EURUSD price is 1.1696
6 is the 4th decimal place representing a pip.
If the pair moves from 1.1696 to 1.1697,...
🎡 FOREX MARKET MANIPULATION 👾
What is the first thing you learned when you started your journey in the forex market?
I will answer for the majority, Support/Resistance, trendlines, chart patterns and etc
Have you ever asked yourself why is it so common?
When we are introduced to the foreign exchange, we are thrown in a deep ocean with a lot of...
