what i project next week move is for EURGBP to make short term pullback and continue with it's down trend.. for more analysis join free setups daily
Elliott Waves (How To Trade): Rules and Guidelines Rule 1: Wave 3 Is Never the Shortest This rule means that Wave 3 is always longer than at least one of the other two waves (Waves 1 or 2). Usually, Wave 3 is longer than both these waves. You should never look for Wave 3 to be shorter than both the other two waves. At times, Wave 3 may end up to be equal in...
1-2-3-4 Forex Reversal Trading Strategy A 1-2-3-4 reversal chart pattern is build up of 4 definable points, known as point 1, 2 , 3 and 4. A typical 1-2-3-4 chart pattern is best traded after a strong currency pair up - or downtrend and can be defined by an easy set of trading rules. A trader can confirm the reversal trade using a technical indicator such as DMI...
A 1-2-3-4 reversal chart pattern is build up of 4 definable points, known as point 1, 2 , 3 and 4. A typical 1-2-3-4 chart pattern is best traded after a strong currency pair up - or downtrend and can be defined by an easy set of trading rules. A trader can confirm the reversal trade using any technical indicator such as DMI or MACD (or others). 1-2-3-4 Basic...
Yikes crypto! Where was the Resistance we talked about last week? Also, does crypto have "intrinsic value"? September is historically the worst month for stocks and this one seems to be in line. Why you just gotta cut losses!
Weekly Market Maker Cycle: On a 1 hour or 4 hour chart, you should be able to find this weekly market maker cycle. If you know what Big Money/Smart Money is doing, trade with them. The cycle starts on Monday and ends on Friday, MM (Market Maker) will mostly trap traders on Monday, everyone is back on screens and is expecting a highly productive week of trading. ...
Yes, this is risk management. Without proper risk management, your trading strategy based on levels, indicators, patterns, etc.will not make any sense. Any trading strategy should be supported by strict risk management, where the maximum allowable losses per transaction and the risk ratio are observed:the profit is always more than 1/2. You don't have to be...
It's extremely important to look at price action where you are looking to place your trendline. What I like to first start off is with looking at the areas where we have seen either gap up or gap downs. Starting at the most significant relative area to my analysis, I will continue that line, scoping out other gap areas if within reason. Some are very obvious....
Here are some of the average profits and losses of the client of a Forex broker: From the 01/03/2014 to the 31/03/2015 FXCM accounts on the GBPJPY: - Average winner was 39 "pips" ("percentage in point" that are not percentages in points - Average loser was 64 "pips" In that period the GBPJPY ATR was: - On daily candles 140 "pips" - On 12 hour candles 90...
I made this video upon request of a friend of mine Shoutout to Carlton Flowers. Trying to explain in the video the charts that I am monitoring on a daily basis.
Education excerpt: Relative Strength Index General information The Relative Strength Index ( RSI ) is a momentum oscillator that was introduced by J. Welles Wilder in an article published in Commodities magazine in June 1978. The Relative Strength Index measures the velocity of directional price movement and is commonly used in conjunction with a daily bar chart....
One of the simplest ways for trade selection and execution is the utilization of channels. Its relatively easy and maybe that's the problem. People generally want complicated methods and I am yet to understand why? This system uses phycological levels/ numbers. These are areas of great interest for a majority of people. The round number I have always believed is...
We realize that sometimes you just want to get your charts out to people as soon as possible. With the Tweet Chart Image feature, now you can! As illustrated above, simply choose "Publish" then "Tweet Chart Image" and you'll be able to tweet the image out directly from your Twitter account to get that critical analysis to your followers fast! What's that?...
FOREX TRADING COURSE 101 - Lesson 10 - Hot to understand and trade CONSOLIDATION inside a TREND for better trading success!
I have always been bullish with cryptocurrency, especially in BTC even though many will argue that it has not much of a usage apart from just transaction. But BTC has and will be the leader since it has garnered the most attention from the institutions and even countries like El Salvador. Mores o, Citibank has come out with the current report on cryptocurrency,...
The Golden Ratio: After opening, few numbers in the Fibonacci series, the ratio that will appear after every greater number will equivalent to .618, whilst the lowest number will be 1.618. These two important numbers are known as the Golden ratio. Example divide Fib #: 34/55= 1.618 Fibonacci numbers were first introduced in European countries, which was still...
Futures contracts are derivatives with expiration dates like options. The stock indices expire quarterly on the last month of each quarter. In this tutorial, I show how to roll forward or rollover and easily add the new front month contract to a watchlist.
Gold is one of those things a lot of us wish to know how to trade but are completely scared of, am i right? I want to simplify for you and what really changed the game for me.