Look at Black Lines on My Chart... They are Support & Resistance for Moving Average thats Mean when MA Cross Above or Below this Lines,Price starting to Reaction... Check when Moving Average in Daily & Weekly Time Frames Reach the Black Lines on the Chart and Watch the Price ...
Happy Sunday everybody, today I'll be providing a quick writeup on identification of single-candle Supply & Demand zones, otherwise known as "Orderblocks" (Credits to ICT for coining this phrase) Supply & Demand are one of the most fundamental aspects of trading securities. In price action - liquidity is believed to be the driving force behind market...
Educational video on my "point of failure" concept. This is a must watch video for all trend followers.
If you are scalping or day trading and use time frames under 4 hour, 1 hour, 15 minutes- then try this all pivot point strategy for one week. Example chart is on a one hour time frame of GBPCAD. Add: Daily pivot points (RED line on chart) Weekly pivot points (WHITE line on chart) & Monthly pivot points (BLUE line on chart) on your charts only (three sets of...
Educational video on determining market structure (key vs critical support/resistance)
During these 12 hours per day are the highest liquidity and volume during the day, trading Forex. Why? Encompassing Tokyo/London overlap session then only London session then finally London/NY session overlap. If you are day trading or scalping, these 12 hours are best for doing both. Use highest ADR pairs with either Gbp or Eur pairs, you should be able to with...
Do you trade AUD pairs? If yes, look for trends to start during the overlapping session with Tokyo: around 6 hr overlap time. What To Look For: 1) Look on hourly charts for trends with AUDxxx or xxxAUD pairs to start during Sydney-Tokyo overlapping session (slow but great risk/reward setups) 2) See AUDJPY 1 hour chart example- excellent Harami two candle...
Dow Theory is a foundational set of principles that underlies modern technical analysis. One of the main tenants of the theory involves trend confirmation by comparing similarities between equity indices' price behavior. Originally, the Dow Transportation Index was used to confirm trend direction in the Dow Industrial Index. Now things are a bit more complicated,...
Using past consolidation zones to determine key areas of support/resistance ("S/R") In this chart, I'm using a script that I've published (called " Bollinger bands + RSI Strategy" ) to determine the key areas of S/R (refer to Note 1 (below) to briefly understand how the script behind works). For the purpose of this analysis, we will ignore the performance of...
Hi every one A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. The pivot point itself is simply the average of the intraday high and low, and the closing price from the previous trading day. On the subsequent day, trading above the pivot point is thought to indicate...
Hey traders, As you know, I am very bearish biased on EURUSD. On a daily, the price respected a major key level and also broke a rising wedge pattern to the downside. On intraday time frames, with classic price action rules, we can easily spot a trend reversal : The price was trading in a bullish trend . The uptrend was confirmed by a sequence of ...
Hey traders, As you know, I am very bearish biased on 🔻EURUSD. On a daily, the price respected a major key level and also broke a rising wedge pattern to the downside. On intraday time frames, with classic price action rules, we can easily spot a trend reversal: 1️⃣ The price was trading in a bullish trend. 2️⃣ The uptrend was confirmed by a sequence of...
The Cradle Pattern Normally it should be a signal of reversal of the current Trend. – It occurs during a Downtrend; confirmation is required by the candles that follow the Pattern. – The Pattern starts with a long and black Candle, during a downtrend (Due to the Traders that are selling because they are worried by the downtrend). – Then there is a phase of...
A bullish engulfing candle occurs after a significant downtrend. Note that the engulfing candle must encompass the real body of the previous candle, but need not surround the shadow. In order for the Bullish Engulfing signal to be valid, the following conditions must exist: • The Forex pair must have been in a definite downtrend before this signal occurs. This...
A doji represents an equilibrium between supply and demand, a tug of war that neither the bulls nor bears are winning. In the case of an uptrend, the bulls have by definition won previous battles because prices have moved higher. Now, the outcome of the latest skirmish is in doubt. After a long downtrend, the opposite is true. The bears have been victorious in...
After sideways price action, price action breaks out of range suddenly which you should let happen, then price action returns back into range- this is time that a trader should consider getting into a new trade (example: chart trade is sell break out and return trade).
5 Tips to trade W reversal patterns: 1) Only trade W’s off the lows 2)Only trade W formations London & NY Session 3)Wait for the second leg stop hunt to the high/low of the day to confirm entry 4) Asian consolidation range should be very well defined 5) Always use proper risk management, if the Risk reward ratio is less than 1:3+ the trade is not worth...
5 Tips to trade M reversal patterns: 1) Only trade M’s off the highs or overbought/supply areas. 2) Only trade M & W formations London & NY Session 3) Wait for the second leg stop hunt to the high/low of the day to confirm entry 4) Asian consolidation range should be very well defined 5. Always use proper risk management, if the Risk reward ratio is less than...