In the today's post, we will discuss the essential element of price action trading - a pullback. There are two types of a price action leg of a move: impulse leg and pullback. Impulse leg is a strong bullish/bearish movement that determines the market sentiment and trend. While a pullback is the movement WITHIN the impulse. The impulse leg has...
Good afternoon gold gang! Thought id jump on here to talk to you about basic market structure, as its the basis for any strategy and super important to learn. We can identify that the market moves 3 ways .. up trend down trend sideways (consolidation) I prefer to trade when the market is trending in either direction. I determine this by looking at the...
Hey there traders, Stock Justice here! Are you ready to elevate your trading game? Today, we're going to delve into an exciting indicator I call 'Bars since EMA touch', or 'BSET' for short. Buckle up, because we're about to kick your technical analysis up a notch! The BSET, at its heart, revolves around the Exponential Moving Average, or EMA. When setting up...
Top Pullback Trading Strategies In this article, we will be discussing some of the most effective pullback trading strategies that can assist forex traders in identifying ideal entry points that align with the current trend. These strategies enable traders to take advantage of short-term price retracements, allowing them to navigate the volatile currency market...
For Trend Line Breaks, Wait For Time and Space To Occur. In this example, the trend line was broken on August 3rd, 2022 at 15:00. After the break, the Pullback Trader would wait till price retraces back to the broken trend line for an entry. Price retraced back to the trend line on August 11th, 2022 at 19:00. The Trader would have placed their entry at that...
Price pulled back to pivot point level 0.67. Price retraced 50%. Pin Bar candlestick formed at 50% retracement. Open Price and Close Price is "near" 50% retracement level as well at the pivot point level. Candlestick wick protrudes through the pivot point level and retracement level. This is an ideal condition to enter a trade position using pivot point...
Get your copy of the Free Heiken Ashi Algo Oscillator I'm not going to lie. There is WAYYY too much technical stuff to type up in this for you guys. its best if you watch the video. Always Always Always ask questions below. I am always more than happy to show you what's what. This is some UPPER LEVEL STUFF in this video and i know a lot of you won't fully...
In this lesson, I shared with you the types of pullbacks Be careful, pullbacks are breaks in the middle of the trend Poolbacks do not have the strength of main steps In my opinion, the best type of trading with pullbacks is to recognize the completion of these corrections patterns so that we can move in the direction of the trend at the right point. Of course, it...
The RSI is a versatile indicator, and can be used to provide entry signals during a trend. To get the signals a moving average is applied to the RSI. 1. Trades are only taken in the direction of the trend. For an uptrend only take longs. For a downtrend only take shorts (puts). 2. During a downtrend the RSI must move above 60 to indicate a pullback. When the...
Why 14.6% (.146) and 88.6% (.886) are important levels on Fibonacci retracement? The 14.6 Fibonacci ratio, wich has a high mean of assertivity, is mirroned by 88.6, which has become an important entry level and stop loss in the market. 88.6 = 1 - X, X = 14.6. These are hidden levels on the standard scale. But you can add them manually. As you can see on chart, my...
Want to avoid unnecessary stops and find REAL market structure? Here's you can improve, hiding your stops, and identify a REAL turn in the current flow of price. Questions? Ask! #learntoearn
Hello everyone! Today I want to discuss pullback trading with you. You may have come across such a situation when you were waiting for a pullback to enter the market, but the price did not stop and went further. In the place where you expected the end of the rollback, there was a breakdown, and you did not receive an entry point. Something went wrong? Trend ...
This chart analysis shows you the power of order flow using two main things: OB - Order Blocks BOS - Break of Structure If you can determine a trend utilising impulse and correction, you can almost always ride the wave by scaling in positions using this method. First, determine your trend and then wait for a break of structure of a low/high. In this example,...
Enter when these confluence factors are present. There is a Trend, Level, and Signal. Trend: Up Confluence Factors at the Support Resistance Level: Close Price 96.31 EMA 10 Close Price 96.24 50% Fibonacci Retracement Price 96.15 Horizontal Support Price 95.99 EMA 20 Close Price 95.31 Signal: Rejection Candlestick
On the EURGBP 1H time frame there was recently a perfect head and shoulders pattern that formed. A strong neckline break followed by a 50% pullback and then a strong bearish engulfing set up a perfect high probability trade. The head and shoulders pattern confirms that the trend is temporarily turning bearish. The engulfing candle opened perfectly at the...
In this video, I talked about the types of pullbacks and how to identify them. These pullbacks are the reasons why some traders get caught in the accumulation mix from the big banks. so learn to identify them to be amongst the 1% Remember Trading is risky but learning reduces its risk. cheers, luchi!
Here I'd like to share my favourite entry method. The chart is self explanatory. Let me know if you have any questions .... This will happen during Wave 3 and Wave 5 (for those who subscribe to the Elliott Wave theory) This pattern is sometimes called the Retrace, the Dip, the Pullback, the ABC correction, the ZigZag. The BOMB (by guerilla guys)
Heikin Ashi candlesticks gives a smoother appearance by reducing some of the market noise, hence making it easier to spots trends and reversals. There is a tendency with Heikin-Ashi for the candles to stay red during a downtrend and green during an uptrend Heikin-Ashi calculation uses a formula based on two-period averages How to read Heikin-Ashi candles...