Introduction In the world of trading, we often hear about harmonic patterns. These are very special tools in the trader's toolkit. They are complex but very important. In this article, we look into these patterns, how traders use them, and why they are crucial. Understanding Harmonic Patterns Harmonic patterns are part of technical analysis in trading. They...
Welcome to our video where we talk about the best way to spread out your crypto investments. We'll break down the key ideas and important things to think about when deciding where to put your money in the ever-changing world of cryptocurrencies. If you have any questions Feel Free to reach out!
Today we got a day with a nice trending run up, then the rest of the day it traded in a 10 to 15 point range it i extremely hard to trade 10 point moves, we all wait for confirmation ( 3 points lost), then execute the trade (1 more point), then when it reverses and comes back 5 points, no profit. I took the rest of the day off when I saw this. They call this a...
There is no single "best" indicator for analyzing the forex market, as different indicators serve different purposes, and the effectiveness of an indicator can depend on various factors, including market conditions and individual trading styles. Traders often use a combination of indicators to make informed decisions. Here are some widely used indicators: 1....
Price action at the lower border of an upward channel has a higher chance of moving upward than price action at the upper border of a downward channel. This is because an upward channel is formed by higher highs and higher lows, which indicates an uptrend. When the price reaches the lower border of the channel, it finds support at a previous level and is more...
OK so according to our Pivots plan we well R5... When do you do when the FOMC announces, bascially nothing, we won't raise and Retail rallys the market and just keeps relentlessly climbing higher? One thing you could do is to buy protective options just in case this happens on FOMC day. If you write calls and take your profits up front you don't get killed by...
Break of Structure: This term is used in trading and technical analysis to describe a significant change in the price action of an asset. It occurs when the established pattern of higher highs and higher lows (in an uptrend) or lower highs and lower lows (in a downtrend) is disrupted, indicating a potential change in market sentiment and trend direction. ...
this tutorial expands on finding confirmation before buying or selling the market
Here is A mark up of one of my favourite setups to trade, of a live example that students and I capitalised on earlier this week on US30. 1. Identify trend & Momentum. 2. Wait for corrective move & inducement pattern (wedge) 3. Once price breaks the wedge to the downside this stop hunts the buyers who where anticipating the breakout. 4. Now buyers have been...
Hedging is a transaction implemented to protect an existing or anticipated position from an unwanted move in exchange rates. Hedging is used by a broad range of market participants, including investors, traders and businesses. When hedging is properly used, an individual who is long on a trade can be protected from downside risk. Alternatively, a trader or...
Yesterday at the close we hit S4 and so without any stress or agonizing over it (can we go higher, is this the right level) I loaded up on SPXS, which I use because it is cheap so I can make a decent profit with sheer number of shares. During the night and this morning I checked the market and Alerts were going off we had reached S5, so again, no stress just...
Explaining the concept to enter a trade based on the "W" formation on D1 Timeframe. Highlighting where the Demand Zone is when compared to the previous supply zone. Using the "W" format completion to plot the Fib levels.
What this chart pattern shows us is a loss of trend strength and a deceleration in price movement. The most achievable projection for setting our take profit will be the maximum width of the pattern, which occurs at the beginning of it. Alternatively, you can take the level that marks the start of the correction as a profit-taking point. As for the stop-loss...
the detail is shown in the above Chart. I made this Idea based on Harmonic pattern using Fibonacci tools. The Butterfly pattern is a reversal pattern composed of four legs, marked X-A, A-B, B-C and C-D. It helps you identify when a current price move is likely approaching its end. This means you can enter the market as the price reverses direction. The above...
Some LIVE examples of trades we capitalised on recently with students with one of our favourite setups. Remember the manipulation generally speaking occurs in the opposite direction of the trend.
Welcome to my video on "Trading Using The Opening Range: The Power of the Opening Range - Mastering Trading Strategies." In this informative session, I dive into the powerful concept of utilizing the opening range to enhance your trading strategies. Understanding the opening range is critical for successful trading, as it sets the tone for the rest of the...
Chart showing trend reversal following a time series. The time series is progressively increasing the powers of 2(4,6,8,16,32)
Chart showing trend reversal following a time series. The time series is progressively increasing the powers of 2(4,6,8,16,32)