When you buy (get-in) fresh cucumbers, you have time until they will expire. But when you need to (get-out). You need to liquidate FAST or cucumbers will rot and you cant sell them to anyone. The same thing goes for the fashion industry. When a clothes trader purchases clothes for sale he needs time to buy and ship the clothes to the store, it does not happen...
The **Double Bottom** is a price action pattern that is indicative of a trend change once activated. Price needs to establish a bearish expansion towards the lows before reversing with an impulse. The impulse then needs to get sold into; this will create a retest of the previous low that must hold. Price action will establish a “W” structure which become a sign of...
In this segment we will discuss the concept behind Price Action Ranges; they are periods of oscillation in the market where supply and demand is balanced. Once this occurs, there is a high probability of a price expansion out of the range. The basic concepts in price action ranges are the following: - Range High Resistance - Range Low Support - Range –Mid...
In this section we will discuss what a price action order block is and how it is currently relevant to Bitcoin’s price action. An Order Block is a trade location that has a cluster of price action, creating a liquidity pool. Once price action expands from the region, it automatically becomes support or resistance – hence a block, This area once penetrated will...
All over financial news we're being told that the yield curve is inverting, spreads are flattening, the recession clock is ticking, there's impending doom around every corner. CNBC, Bloomberg, Yahoo Finance, The Wall Street Journal, Forbes, The Economist, you pick your favorite news source and they're talking about 2's and 10's, 10's and 30's, it's...
There are a number of reversal patterns that playout time and time again. The most reliable of the reversal patterns is the "Head & Shoulders" top and bottom. Some technicians don't like to use the term head & shoulders as it's used quite a bit and not all reversal patterns are confirmed and end end up being consolidation patterns instead. Whatever you like to...
It's extremely important to look at price action where you are looking to place your trendline. What I like to first start off is with looking at the areas where we have seen either gap up or gap downs. Starting at the most significant relative area to my analysis, I will continue that line, scoping out other gap areas if within reason. Some are very obvious....
If I could only have one indicator it would need to be versatile. It would need to able to confirm trends, highlight pivots and reversals but most of all it would need to expose epic entries. Lucky there is such an indicator... The Center of Gravity Oscillator (COG). The COG is yet another masterpiece created by John Ehlers. It is essentially zero lag and...
Evening Traders, In this educational post I will analyse how a price action level breaks and puts in a retest. Assessing the chart, we have a clear Resistance on the left that was breached with an impulse break. The level was retested and confirmed as support with an S/R Flip Retest. This shows strength in the price action; however volume was not evident,...
Real world example of the three market phases Large sale of assets by speculators. Understatement of prices. The Broker's motivated team, different client departments begin to motivate their clients to buy an undervalued tool for forecasting the rise and earnings, therefore, in anticipation of the rise, consolidation begins The limit level for selling from...
Who goes long for a share when its bearish? Do you sell your shares if trend is bullish? how can one understand the status of a stock? One of pillars of successful trading is to trade in the direction of the momentum. of course it is not guarantee your success in all trades but it is definitely a must thing to consider and is necessary for a good trade. There are...
Today we will talk about a very common situation that occurs in the vast majority of traders (if not all), especially when we have just started to get into this bussiness. There is a consistent struggle between convictions, ego, and market views or analysis. This generates that we try to see in our analysis what we want to happen, or what we need to happen, and...
Selby Margin Trading Rules 1.1 1.Trading Working Hours: 01:00UTC Monday thru 21:00UTC Friday take off all weekends and holidays. Only begin margin trading after 30 minutes of reviewing all instruments and timeframes. 2. Margin Forecasting: Charts are built on the 11/15min. using data from Heikin Ashi candle wicks. Identify entry/exit on the 1,2,3min. chart...
In this chart I show a tight summary of what's been happening with the DJI (Wall Street). I apply the theory of curves. It shows weakening momentum in its north side drive. I refer to just a handful of fundamental issues for both the bulls and the bears . In recent times various forms of 'stimulus' has kept this market afloat. Then in the last 2 weeks, hope...
This is a brief educational post. See the parting of ways between Gold and BItcoin. We won't know if this means anything. But it's one to watch. This could be a short term separation. Stay safe. Don't burn cash. Avoid FOMO. Have a good weekend. 👍😃🙏
Good morning traders! Today we want to show you a practical case of how to apply multiple timeframes for the complete development of a trade. In this case it is BMY stock, and it is a trade that we ourselves will take if what we are expecting happens. 🔸What can we find in this chart? - First, what we can see is that in the 4H timeframe, the price has been...
There is a received wisdom that what goes up has to come down. Well, this currency pair trend may defy that rule. We shall have to wait and see. For sure there are corrections to be expected. This begs the question of what does 'down' mean? Is 'down' - a correction? or - does it mean a fall below its original starting point? If you take it as below some...
This is an analysis of trend formation. The DAX (Ger30) appears to be in a precarious position. Several features are shown on the charts. No one knows what the future will bring. Some may have ideas but no one can know the future. Sound traders take positions with an acceptable, affordable loss. Looking back to 25th February 2020, no one knew with near...