Pin Bar Is Present On The H2, H3, and H4 Chart. This is a strong indication of a bull market. When this chart pattern occurs, look to enter long positions. Trend: Up Level: EMA 10 Level, EMA 20 Level, Horizontal Level Signal: Pin Bar Trade with multiple factors in your favor. In a bull market, look for pin bars, rejection candlesticks, EMA 10 above EMA...
What does "End of Month Square Up" mean. A square position is a situation where a trader or portfolio has no market exposure. ... The reason for this confusion is that the term "squaring up" is used to describe settling open trades before the market closes. A square position is also referred to as a "flat position." Square position, like many trading terms, can...
How to identify trends and trend changes. In downtrends - trendlines must connect the descending peaks - left to right In uptrends - trendlines must connect rising thoroughs - left to right "Trend is your friend unless it ends"- T. DeMark:) GOOD LUCK!
A 3 day chart is very useful in terms of being able to see a major trend reversal. It eliminates the noise of daily or lower timeframe charts and shows the change in trend faster than the higher timeframes such as the weekly and monthly. Keep track of the candles and look for a higher high and higher low candle for the first signal. The USOIL chart above shows a...
Hello Traders. Hope everyone is staying warm. Snow and zero degree temperatures expected in Virginia. Many traders use many different indicators. There are so many its impossible to tell which ones are useful. Simplicity is key. The most important tool in a traders toolbox is the ability to deceiver the prevailing trend. Using higher high/ lower low analysis we...