Big bars are the bane of my existence. I don't trade them with ANY of the set-ups I currently use. Do you? let me know your strategy below.
very bullish market that makes it difficult for buyers and sellers
What we term as a 'shoulder' (Lower High/Higher Low) is a prime entry setup with statistically high probability. The important thing to note is that it is used in conjunction with price action to correctly identity when traders are being 'caught off-guard' on the wrong side of the action and forced to close. We like to term it the 'sweaty palm' feeling when you...
The 0.618 retracement level held and the price broke the Parabolic SAR levels as discussed last week. The market played out with Scenario A and continued to sell off towards the 1.3000 level. This week we have NFP data released which will give the EURUSD a push. Scenario A: Continued strength in the USD could see the market move lower than 1.3000 and head...
Good morning, traders. Bitcoin made a strong move this weekend. Make no mistake, it's been tough as there has been significant resistance, but price has moved up in spite of that and is now sitting just above the two month long descending channel resistance. In making this move, price has pushed beyond the green price target from last week and is above the daily...
Some of my favorites Pattern trades right here. Learn the market pattern and you will make money on the same plays over and over again. Pattern recognition is really important and when I started, i overlooked it and struggled with it, but once you start seeing these pattern in real time on real charts, game is gonna change. Trust me
I know the notations and names are not technical, but just a begginer guide on how to taste a trading range like a complex wine instead of being afraid of it!