What does it consist of?
It consists primarily of 3 candles, and the fourth one is where we will enter the operation. In a bearish scenario the High of 2nd candle must be higher than the high of the 1st candle. The high of the 3er candle must be below the high of the 2nd candle. The 4th candle must re test the point of origin of the 3er candle.
How can you use...
In this video I show how to use Profit Bands in conjuction with a Solo Confirmation Simple Backtest using the GKD Modularized Trading System. The purpose of this tutorial is show users how to see the entries/exits for the GKD-BT Backtest. Always make sure that the Backtest's volatility and volatility setttings match the Profit Bands volatility and volatility...
Hello traders
- In this example, we will talk about confirmation entry.
- What is confirmation entry?
- Confirmation entry is shown in the picture above, and in this situation, we chose a safer order block for our entry.
- Below, we will break down the entire PA in detail and explain this example better.
1) We see that the momentum is present, the price has...
The thing that catches most traders out is they don’t know what zone will hold, that’s why it’s always best to wait for the higher time frame zone to be mitigated, wait for the break of structure to confirm the trend is changing, then execute. Wait for confirmation ☑️
When trading, it is important to have confirmations. Confirmations are when price moves in a a particular way which tells us that our setup is valid and even, ready for entry.
We have 3 main types of confirmations.
1. Trendline Break
This confirmation is very simple yet very effective. When price is following a trend, you can often find that there's a...
"Wait for this confirmation!"
"Look for this confirmation!"
When I first began my trading journey, these are phrases that I kept seeing get thrown around and had no clue what it meant! What am I supposed to be looking for? What do these confirmations exactly mean? It quickly began to get frustrating and confusing...
Then eventually, things started to click...
Hi Guys
A popular concept in the world of trading, especially among technical traders and chartists is to wait for confirmation before entering a trade.
This means you have a Signal, for example, a price action pattern and now you wait for the markets to confirm that pattern before you enter. The idea, of course, is to filter out bad trades this way and to gain...
"Look for a confirmation!"
"Wait for a confirmation!"
When I was learning how to trade and when I was watching and reading different trading educators, these words naturally pissed me off. What the hell are you talking about? What confirmation?
It was a full-blown mystery...🤯
Then, once I started to mature in trading and trade full-time, I became an author...
Note: This indicator will be published soon
In short, this indicator is a tool designed for different purposes:
1) Automatic drawing of trend lines
2) Classification of trend lines based on the reaction of price chart and trading volume
3) Receiving trend lines breakout alerts
4) Analyzing smaller time frames is time consuming and tedious, but this tool makes it...
If you are struggling with the identification of accurate trading entries,
you definitely should try confluence zones .
Note: there are hundreds of variations of confluence elements.
In this example, we will discuss trend lines and fibonnachi.
❗️To identify a confluence zone, the price must follow a trend line
(it should match higher lows if the market...
Those who win at the Forex game are those who are able to build on their case to take a trade, whether it be fibonacci, moving average, patterns etc. The more confluence, the better. This is why it is important to always wait for your confluences to line up before taking a trade.
For this particular trade, those who were waiting for the third touch of the upper...
There are no promises, guarantees or predictions in this.
The Aussies have been flattening out at a top - it appears - at this time. There are only two directions for price - nothing new in that.
What happens in situations like these is:
1 - either price collapses.
2 - it rockets north.
You can imagine what bulls and bears would say to each of the above....
Look at the bigger picture.
On the chart itself Banknifty is stuck between a significant support and resistance zone. For all those who are waiting for going long on banknifty, a close above this level might decide the future. Also, if you look at RSI it is in the key support zone . If RSI trends upward after taking support at this level long positions can...
OANDA:XAUUSD
I took total of 4 trades on Gold in the last 2 weeks. All of them hit my target TP.
Do I aim for sharp entry? Well I don't. Not anymore.
I used to chase sharp entry before, but now all I want is profit. Not perfect entry. The stakes for sharp entry are too high. Also, you need to stay focus all the time and mainly use limit orders to place your...
So guys, there a tons of way to trade harmonic patterns.... in the end most of them fail so how do people trade them successfully...
I myself decided to look into different approaches to trading harmonics. I have looked at tons of charts on different timeframes and i found an approach I was not able to find online anywhere for some reason... (wonder why)
I have...
Since MA's are usually a bit slow in showing the best entry and exit points its good to use them on shorter timeframes and see what story are they saying.
In this example, it is quite clear how shorter MA's cross down longer MA's and confirms the bear trend and how shorter MA's then cross longer MA's on the upside and confirm the bull trend!
MA's used here...
Upper chart shows the US$Index, the lower one the EURUSD. Many divergences took place (extreme on one not confirmed on the other one). That's why 91.92 on the $Index is currently important. There is a potential bullish divergence with EURUSD having made a lower low recently, not confirmed yet on the Index. The breach of 91.92 would give a more durable tone to the...
![EURUSD: HOW-TO: Applying Profit Bands to the GKD trading system [Loxx]](https://s3.tradingview.com/r/R49xz7ko_mid.png "HOW-TO: Applying Profit Bands to the GKD trading system [Loxx]")
