Here are the entry conditions in detail: Before getting in a trade, find your trend confirmation signals. They let you know which direction the market is moving in. Trend confirmation signals (for a buy): - 2 candle lows above the cloud (shows that the trend has changed) - Lagging line above the cloud - Price/Lagging line has to be above the trendline Trend...
Bullish Market Structure: Bullish Vibes! It's all about making Higher Highs and Higher Lows. When you spot this pattern, you're riding the wave of optimism in the market, and it's your chance to seize the moment and soar with the bulls. Consolidation Market Structure: Consolidation Market Structure is all about lateral movement, where the market forms Equal...
In the video I review my trades on the DOW Jones Index for the session and talk through the setups, price action and reasoning for the trades. I also talk through the overall bias for the session and the missed opportunity from my sessions plan. Feel free to join in our live trading room....link in the signature below. ** If you like the content then take a look...
In this video I take a look at the psychology of a phase of Price Action that we traded in out Live Trading Room. I review the key price action that I am looking for to get involved in the action for a new momentum push up/down. Our aim in trading is always to enter a trade in the 'unknown' as traders start to realise they are on the wrong side of the...
Prepping a market for daytrading is an important part of my process and understanding and identifying the KEY LEVELS is the major part of that process. We have to build a Price Action picture of what may happen and what levels may be targeted so we will be ready for a trade. Understanding who (buyers or sellers) is getting caught off side and levels the market is...
Whats up gold gang! .. price has closed above the monthly level .. 1000 pips ish in a week wow! thats crazy im expecting a small retracement before lifting off once more for gold this week .. the candle closed with no top wick, so a retrace is likely before more upside due to the ongoing conflict in Israel Ill be back later for the official outlook .. until...
As you can see market forces react on investor attitude with spirits, investors make decisions based on their mood and statistics. We see gold chart is jumping from fear territory, fashioning greed in mood, while Yen-Rub is plummet from the euphoria. While other assets symbolize peril for this manner, we believe market forces move in cycles in the twinkling of an...
As you can see last months correlations between Yuan-Ruble pair with gold spot prices present good levels to take long and short positions to hold them for a month. To do this look at the bottom of the chart where are prices of commodities and pairs which play role in current geopolitics related to the said arbitrage opportunities. Look for big upside swings to...
HOW TO MANUALLY DRAW THE MASTER PATTERN CONCEPTS # STEP 1 - Identify the Contraction Phase The contraction phase consists of a tightening of price where there is a simultaneous lower high and higher low, this is where the supply and demand equalize in the market. This is a leading indication that volatility is coming next. You want to look for places where...
Good afternoon gold gang! I thought i would jump on here with an educational piece on how i trade using engulfing candles along with my algo levels Whenever you get a big push in the markets, this may be a news item or simply a market open, we normally see a candle being "engulfed" .. now this means that the candle closed bigger than the previous .. imagine it...
Hey traders, Inverted head and shoulders pattern is a classic reversal pattern. It signifies the weakness of buyers in a bearish trend and a bullish accumulation. ⭐️The pattern has a very peculiar price action structure: Trading in a bearish trend the price sets a lower low and retraces setting a lower high (left shoulder), then the market goes lower...
Full-time trader here. Sharing some knowledge for free . If this helps you, show some love: follow me for more and like this idea. 👍 Why do I need a chart anyway? First, we need to convince you of why you need a chart. No problem. Let's say you're a fundamental analysis investor. The stock has to make sense. The stock has to last forever. It needs to be a...
Support & Resistance (S&R) is one of the basic topics that we need to know in trading, whether trading forex, shares or cryptocurrency. Support & Resistance can show the upper and lower limits of price movement in a certain time. *) Resistance is the upper limit to limit prices from rising further. *) Support is the lower limit to limit prices from falling...
Support and resistance levels are like the heartbeat of the forex and gold markets, constantly pulsating with potential trading opportunities. But what happens when these vital levels flip roles? In this comprehensive guide, we'll explore the intriguing phenomenon of how support can morph into resistance and vice versa. Through real-world examples, you'll...
Hey Rich Friends, Today, I will explain how I use market orders when trading in the Forex Market. By taking advantage of this option, I am able to enter my trades with less anxiety and never experience FOMO when I have pending orders set hours and days in advance. Here are 5 Types of orders you should know: 1. Market Execution: Buying or Selling at the...
In the dynamic world of forex trading, one key decision traders face is choosing the right time frame for their analysis. While there are various options available, the daily time frame holds a special place for traders seeking consistency and reliability. In this comprehensive guide, we will explore the compelling reasons why traders should prioritize daily...
Buy when the resistance level of the range is broken upwards. The stop is placed below the support level of the range or below the local support level within the range if the support level is near the accumulation level. The minimum target is the size of the range, postponed upward from the point of breaking through the resistance level. This corresponds to...
Welcome to the world of trading patterns. If you appreciate our charts, give us a quick 💜💜 Today, we'll explore two important ones: the Rising Wedge and the Falling Wedge . These patterns can signal shifts in market trends. Let's dive in and see how they work. Rising Wedge: In an uptrend, the Rising Wedge hints at a bearish turn. It takes shape as prices...