The 161 fib level drawn off of the topping swing after a strong move up gives us a very useful downside level to watch. It's a place where bulls are are prone to come back in and make a low in a trend and where bears can be really strong after being able to break it. The optimal trade to look for when trading a bearish trend continuation strategy is a bounce from...
Hey. I recently wrote "Where to target and what to do once there?". I am now looking at targets again, but not the "target" target. The "targets" that are in the way. I call them resistances, regardless of them being above or below, since they resist me making money, they resist my position, the price going further. We want to make money, so we improve on every...
Educational Video on where to start your count. * important to know the rules and guidelines inside and out * important to have alternative counts in mind * don't get married to one count!
Monitoring the formation of the Wyckoff accumulation pattern on LINKBTC price action. Preliminary Support (PS) : where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the down-move may be approaching its end. Selling Climax (SC) : the point at which widening spread...
Hello, everyone! Last time we considered the candlestick patterns by Bill Williams(BW). Today we are going to expand the novice trader tools for better understanding the market situation. To define if the market price is going without obstacles BW use the Market Facilitation Index. It demonstrates how the tick volume can be the market driver. The calculation...
FOREX TRADING COURSE 101 - Lesson 20 - How to trade Support in a Down Market Wave aka RETRACEMENT TRADING for better Trading Success!
Hi everyone: Let's talk about capital partitioning, which is a risk management approach for consistent traders to utilize to allow them to leverage their capital. You may ask what exactly is capital partitioning ? well to simply put it in words, it is basically divide up your trading $ in the current trading account into 2 or more sub accounts. So what's the...
When it comes to trading the financial markets (any market), back-testing your strategies is an absolute must. Although past performance does not guarantee future results, back-testing your strategy cannot be skipped or rushed if you wish to be a consistently profitable trader. Back-testing can be done many different ways today. There are many good software’s &...
Video Tutorial/Features of TradingView Free Edition: www.tradingview.com CryptoHellas Team
Moving averages are inherent in the world of technical analysis and are present in the core calculations of many technical indicators. In this post, we take a deep dive into 3 types of moving averages used every day by traders: the Simple Moving Average (SMA), Exponential Moving Average (EMA) and the Weighted Moving Average (WMA). The topics covered below can...
The market plays its tricks.... Followed by AMA Requests
he friends this indicator depending on collating date of 3 EMA speed and give u the right tine to open or close ur order..... Working with all time frame: 30M time frame and 4H time frame Daily time frame
FOREX TRADING COURSE 101 - Lesson 19 - How to trade support in an uptrend for better trading success!
It's important to know when to hold a trade and when to close it. Knowing can be difficult, however ask yourself - would I open a position at the current price? For example, if you have bought a trendline and the trendline breaks should you close the trade? We say yes. The exception to this is backtesting. If you backtest manual exits of a trade you can find...
Have you ever heard the saying that the casino complains about their losing days and every gambler brags about their big wins? Well the same thing applies to traders. Diligent traders remember their big losses rather than their wins, where losing traders remember their big wins. Sticking to consistent small gains over time rather than targeting huge wins is a...
Evening Three Candle (pattern) How To Trade: Evening Star- is a three candle pattern with the highest middle candlestick, but also the smallest body and slight shadows/wicks. The third candle goes below the bottom half (1/2) of the body of the first candle and its opening FALLS below the opening price of the middle candle. The evening star is a reflection of...
As a trader, it’s a general rule of thumb that we should always be looking to maximise potential returns (per unit of risk) with each transaction. We should always be looking to squeeze as much out of the market as we can. There are times when this can occur by simply letting the trade run its course. However, sometimes market conditions align perfectly for savvy...
NEXT RSI Divergence Play: Key Concepts - NEXT RSI is a low-lag, volume-weighted momentum oscillator that often precedes price action - Divergence play resets at each open (do not count prior session's highs and lows) - Use as you would other divergence strategies: higher price highs, lower NEXT RSI highs = bearish; lower price lows, higher NEXT RSI lows =...