If you have missed the entry on MA crossover, than you might wait for a pullback. Confirmation to buy: 1, Green Renko brick 2, OBV up 3, Price is breaking sideways channel and 1,272 FIb level 4, MA crossover was the best entry Second Entry: 1, Pending order on a possible pullback around 0,965 level Exit: SL - 1ATR size from 4H, or previous low TP - 3RR Don't...
Indicators used : 1. Fib Extension 2. Renko chart 3. Cumulative Delta 4. OBV 5. RSI Signals to buy: 1. Green brick to be formed between 1,272 and 1,618 Fib extension levels 2. Rising OBV line Entry: 1. Divergence on Cumulative delta, or 2. Divergence on RSI / oversold level Note: For a better RR, entry should be closer to 1,618 Fib level. SL: 1. Price...
I am so excited with new Tradingview data offering from INTOTHEBLOCK and DEfiLlama. I am an Intotheblock user for a while, and I am going to describe on short, some benefits that you can get from their data. Please note that the interpretation over price expectation are personal opinions, and might be different than what INTOTHEBLOCK suggest in some occasions....
There is a big probability, that if I am showing you my best trading strategy, it might not work for you. And this is not because something is wrong with my way of showing you the strategy, or your way of understanding it, but rather, it is up to each individual on how they apply what they have learned. And this is a phenomenon happening all the time with traders...
There is no doubt that the best trades short or long term, for the next period, will be on the short side of the market. But, this does mean that there will not come more market correction, where we as traders, can take advantage of those opportunities. In the left side of the picture, we can see the USD index, pushing for new highs, and in the right side, we...
There are 2 main types of markets categories from which derives the rest: 1. Centralized - A centralized market is structured in a way that allows all orders (purchase and sale) to be transferred to a central exchange, and to be transparent for traders. 2. Decentralized - Exactly the opposite of a centralized market. There is no main authority to deal with...
These type of mentality is very often between traders, and this happens when the time period, that the traders is focusing is short, and it is relative to small sample of trades. A single trade, can not define you as a wining or loosing trader, but long term performances and consistency is what matter the most. Best way to cope with negative mindset in trading is...
Before giving you false hope, this strategy, like any other, will not have a 100% wining ratio. But, with a RR of about 1:2, and a wining rate of 40%, it will make money long term. A tested wining percentage is around 60% depending on market conditions. Time frame : 4h Indicators used: - Renko chart - Cumulative Delta - RSI - OBV - Moving average...
There is no clear signal for entry at the moment, but at one point, probably next week, it will develop in a great buy opportunity. Don't try to catch the bottom, we don't know where that will be at this point.
Simple price action technical analysis, based on SR, trend lines, and candlestick patterns. Price is creating something that looks like a triangle pattern. In theory, this is a trend continuation pattern, but because I am getting a better RR for sell trades, I chose to go short, if the price breaks the down trend-line of the triangle, invalidating the trend...
Simple price action technical analysis, based on SR, trend lines, and candlestick patterns. Price is creating something that looks like a Head and Shoulders pattern. There are two possible entries: Entry one - Aggressive entry on neckline break. SL - 1.326 above the last shoulder. TP1 - 1.321 level. TP2 - 1.315 level. TP - 1.3100 level Entry two - I will come...
Simple price action technical analysis, based on SR and trend lines. Price has reached ad e very strong Support level, and a break under this has been invalidated, creating a false break. There is one possible scenario: Entry - Aggressive entry at the support level. SL - under the false break, at 0.6660 level. TP1 - 0.685 at the first resistance level. TP2 -...
Simple price action technical analysis, based on SR, trend lines, and candlestick patterns. Price is creating something that looks like a rising wedge pattern. In theory, this is a trend reversal pattern. Entry - Pending order at 1.495 level SL - 1.500 level, there is no historical reference for this. TP1 - 1.489 first support level. TP2 - 1.482 at the second...
Simple price action technical analysis, based on SR, trend lines, and candlestick patterns. Price is creating something that looks like a Head and Shoulders pattern. There are two possible entries: Entry one - Aggressive entry on neckline break. SL - 143.250 above the last shoulder. TP1 - 140 level. TP2 - 138.5 level. Entry two - I will come up with an update...
Simple price action technical analysis, based on SR, trend lines, and candlestick patterns. Price is forming a Bearish Flag, after the support was broken, retesting it with this flag pattern. Entry - aggressive on flag line break SL - at preview max point TP - 2.5RR at preview low Don't stumble trading! Trade safe!
These are some basic candlestick patterns for beginners. Reversal patterns - Wedges - Head and shoulder - double tops or bottoms Continuation patterns - Pennant - Triangle - Flags Don't stumble trading. Trade Safe!
Simple price action analysis based on SR and trend lines. Next week a new SELL trade opportunity might came, but be aware of false breaks when putting SL. If the price breaks above actual resistance zone, than this will became support and than patience is recommended. Trade Safe.
Simple price action technical analysis based on SR and candlestick patterns. Double top formed, and the price is retesting neckline. SL - Half distance between last high and neck line. TP 1 - Target one at the historical resistance line TP 2 - Target 2, support level at 106.5 TP 3 - Final target at support level 105.5 Trade safe!