TRADE ENTRY 1. To enter a 50-day moving average trade, you should wait for a breakout. 2. Whenever the price breaks the 50-day SMA, you should open a trade in the direction of the breakout. 3. In most cases, the price action will continue in the direction of the breakout. STOP LOSS 1. If the price breaks the 50 SMA upwards, we need to go long,...
Hello Traders, So today I am doing a trade recap on a trade I lost due to lack of detail. Note, in trading, after knowing how trading works, every thing comes down to the level of attention/detail you give to your chart. Detail, detail, detail... never forget. I have labelled the chart accordingly so your understanding can be seamless. But if you still need...
So this i a classic retest trade that i took yesterday and holding till this morning,we se zone 137.776 holding,retest and buy after bullish candle broke above the wick of a previous candle thats my confirmation for entry,hope it can help someone understand better how to enter a trade.My original tp was 139.000 but i followed a trade 10 pips below,because it was...
Smart Money MCDX BULLISH (PineScript v4) - Built for Cryptocurrencies - Best to use on shorter Time-Frames WORK IN PROGRESS
When a triangle has a saturation of candle touches on its upper narrow side it usually breaks towards that side. For example if one side has been touched by the candles twice as many times with higher density on the right narrow side, the price action tends to break out of the triangle on that side. Success rate 80%+
This weeks price action was phenomenal on EURUSD. We had a clear bullish run respecting the order flow of the move. After each break of structure, price was mitigated back to the order block that caused the breakout. Over and over like clockwork. If you can understand and grasp concepts like this, you can trade and stack positions when we have clear trending weeks.
It is official- Inflation is no longer “transitory,” according to the US central bank. After blaming rising prices on pandemic-inspired supply chain bottlenecks throughout 2021, the Federal Reserve swallowed its pride, admitting inflationary pressures are far more structural than “transitory.” Economist Mohamed El Erian called “transitory” the worst call in the...
1) Use higher timeframes to determine the trend. Look for the entry point on smaller timeframes. 3) "Zone shift" is a price movement designed to accumulate and preserve volumes. In this phase, it is worth looking for entry points. 4) "Stop hunting" usually consists of three movements that occur in a short time. The minimum of the day serves as a signal point...
WHAT ARE PSYCHOLOGICAL LEVELS AND HOW DO THEY WORK? Psychological levels are market price levels which are often key levels in forex denoted by round numbers. These round numbers frequently act as levels of support and/or resistance. Psychological support and resistance consistently work because of fundamental human disposition. Human beings value simplicity;...
A fatal mistake to avoid making at this point with Bitcoin Twice during its daily volatility (i.e. daily highs and lows), Bitcoin tried not to fall below the $57,000 price (testing to hold the 57k support). - But it failed and the price fell below 57K ((breaking the support and turning into resistance) and now the bitcoin price is heading to test maintaining the...
Hello Traders! Do you ever wonder, "When is the trend ending?" or "When should I change my directional bias?" Many traders find it hard to figure out not only how to choose a directional bias for the day, or how to change their bias if they are on the wrong side of the trade. In this educational video tutorial, I provide simple confirmations to discern when...
Just an example of how the indicator works for anyone using it or looking to use it. It has been smashing it. Had some nice big and small moves recently. Waiting on a long signal now fingers crossed.
Hello Traders! Have you ever wondered when will a strong trend end? Do you struggle to spot candlestick patterns that potentially signal when the bulls or bears might take over? Take a look at this example of EUR/CAD and let's see how the trade plays out! :) About the Inverted Hammer Candlestick Pattern and Why It Forms: The Inverted Hammer is a bullish...
Hi friends , today i'll share with you the most famous candlestick pattern everyone should know. part2 bullich engulfing and bullish harami appear in the downtrend , It indicates the possibility of a price reversal ( long ) bearich engulfing and bearich harami appear in the uptrend , It indicates the possibility of a price reversal ( short)
Have you ever experienced a moment where someone is saying that a huge market crash is inevitable? Or maybe you have watched a video some expert with a legion of followers was declaring the same fact? I've seen plenty small names and even big names who are just constantly doing that so I decided to have a brief overview why most of these statements are false and...
Let's look at different chart patterns which help the traders to analyze the market. Chart patterns are a way of viewing a series of price actions that occur during a trading period. It can be over any time frame – monthly, weekly, daily, and intra-day. The great thing about chart patterns is that they tend to repeat themselves over and over again. Let's look at a...
The candlestick chart patterns are used by traders to set up their trades, and predicting the future direction of the price movements. There are many candlestick chart patterns. I will be discussing a few of those. ✅ Morning Star is formed after a downtrend indicating a bullish reversal. Generally made of 3 candlesticks, first being a bearish candle, second a...
Hello and welcome to a small series I thought I would start to help people understand market charts. Enjoy and leave me a comment about what you liked or didn't like. Thank you for your support! ------------------------------------------------------------------------------------------------------------------------------------------------------------------ Take a...