Support orange arrows.
Resistance purple arrows.
Who says you cant see trade setups just using zones and levels? It looks pretty simple to me, You can see how strongly this zone is respected from where price has entered our zone and then bounced ( marked by arrows )
Now it seems pretty clear to us where price is heading and we haven't got any indicators on our...
ORANGE ARROWS - SUPPORT
PURPLE ARROWS - RESISTANCE
Look at the chart and tell me that support and resistance and supply and demand zones are not the way to trade, then I will tell you to folk off ;p
As you can see that every time price entered into one of our zones it bounced or if it did break it made a big move, the same happened with our support/resistance...
Hi!
This is just a quick study for my own curiosity.
It maps out the real world closing price vs the Heikin Ashi closing price. I think I'll make the indicator a mainstay of my trading charts, as it's useful to see. It also makes manual backtesting more viable.
Some interesting observations:
Long-term average difference between real world closing and HA...
The short answer: DONT.
I've decided to use EUR/GBP today as a prime example of when to sit on the sidelines and not risk a cent of your capital. As you can see, the past 7 weeks have been an absolute mess with price looking very indecisive and all over the place. This means that traders are not able to come to a consensus of whether they are bullish or bearish...
I was thinking about this educational material for a long time and finally I have the chance to share it with you, all of you who want to improve your trading style, to be more profitable. This is specially for those who find it too difficult to trade and everything goes against them. I spent years to improve myself and become profitable, starting from the...
Hello My Soon to be wealthy friends!
I am going to be providing you a free educational course on technical analysis. Whilst your learning technical analysis to keep things exciting we are going to make money off our trades. I am going to teach you (for free) everything you need to know to ensure you can make educated decisions in the marketplace resulting in high...
Hello Traders,
A follower has asked for a simple TA on this pair so I have kept this as simple as I can.
The two major features of the chart are the descending triangle on price. You can see with the Blue circles, we keep putting in the same or lower highs. The Yellow circles show us that we are putting in the same lows.
When we have lower highs, and the...
This graphical example shows how it is possible to make pips in the market every single day when you have a few powerful indicators which you tested over time.
On the BTCUSD there were 1500+ pips to be made in the last 3 weeks.
By the time you are done with this tutorial, You will understand Structure, Trends, Reversals & much more! This tutorial will teach you how to dig deep into the charts & analyze where price is likely to go next!
Reading Structure can be difficult when you first start trading, however most professional traders (if not all) understand structure very well and it is...
