The closest predictor indicators when it comes to trading are: Price action and volume. I’m going to talk a bit about Price action today as Volume is a whole different cattle of fish. With TradingView charting platform there are a few indicators to identify a trend: Trend lines, Bollinger Bands, Moving Averages, Candlesticks and other bands and channels too...
You should make sure that your reward is bigger than your risk. It is up to you what your optimal risk to reward should be – ideally you should have a risk to reward of 1:2 or 1:3. ✔️Trendline Reversal & Break The trader should constantly monitor both the support and resistance trendlines and redraw them as the old ones break and new ones form. When an...
I can't say it enough that patience is key. I got a lot of messages over the past evening from fellow traders who are attempting to use strategies that they find or strategies that they are trying to develop and they're using the oscillator which I've created. Here is a link to it (click the image) One particular treasure found me on another community and...
Today I posted a GBPUSD idea and it was my first Idea posted that hit my stop loss first before I was able to secure profit. All of my ideas dating back to may are hit the target almost every time. If it doesn't, it will usually hit a couple take profit levels that I will have prepared, Or it may not hit the entrance yet the idea is there and price goes to the...
How to identify the specific points for trendline to determine the direction of the market? In this example, I am using the Nasdaq index. You can use this trendline technique to any markets because its principles in this tutorial are applicable throughout whether to an individual stock, indices or even commodities. I am going to introduce the primary and...
it has been and it will allways be better to trade based on trends and the easiest way to draw trend lines is on the top left on your chart on the "trend lines tools" you will find a tool called "regression tool" try it yu'll love it, Trade every trends!!!
Wait for price to close below the trend line. Next, watch for a bearish price action signal on the retest of the trend line. If price consolidates with three or more candlesticks, then a retest may not occur. So, enter a market execution order after the third candlestick closes.
Hello traders 👋 Today im sharing my trading strategy with moving average. What Is an Exponential Moving Average (EMA)? An exponential moving average (EMA) is a type of moving average, but it's better than MA(Only my opinion. It is one of the most important things in forex trade. Because this gives you the best direction of the trend. How to trade And Use...
Hello traders 👋 Today im sharing my trading strategy with trendlines. It's my first education post, so maybe a lot of mistakes. Please don't take it the wrong way, thank you. Let's talk about lesson What are Trend lines? Trend lines are diagonal lines that are drawn on charts in the financial markets trading. Trend lines are used to highlight , visualize ,...
Trading opinions can be made in a very concrete or a structured manner just like how investors study into the financial numbers of the stock they are about to invest into. Short-term traders also have its numbers they study into, it is the price behaviours or the price data of the instrument they are trading. When these data are converted into a pictorial...
How can we participate in the rise and fall of interest rate? Firstly, we need to understand the difference between interest rate and yield. Interest rates are a benchmark for borrowers whereas yield is for investors or lenders. • Interest rates are the fees charged, as a percentage from a lender for a loan. • Yield is the percentage of earnings a person...
In this video i showed you how to use Trendline for entry in the easiest and simple way. What do you think about this? I would like to hear your view, drop your comment.
I am recapping these previous trade set up. I hope my 600+ followers understand how I do my live market execution trade set ups. What I am looking for in a live trade set up is first wait for the break out. I am looking for a break out candle which closes above a trend line. Next, I am looking for a retest of the trend line. In the examples below, retest...
A channel is a chart pattern. And uses trendlines. A channel indicates an entry and a possible exit. It can also control the risk. A channel consists of two parallel lines, between which the price moves. Drawing a channel: Ascending channel - During an uptrend, draw the basic up trendline along the lows. Then you draw a line from the first peak which runs...
hi there traders all around the world👋 one of the great setups that we can count on it is breaking the trend line and it simple. when a trend line breaks spatially if that trend was a pullback in previous(we had a good bear trend line here) we must wait for price to reach and touch the trend line then we can enter. tip: if price touches 2or 3 times its much...
Price closed above trend line. Price retested level with a price action signal (engulfing candlestick). Enter at the retest of trendline. Take Profit At A Previous Swing High.
Draw a diagonal trend line connecting the lows. Four or more touches are the best trend lines. Next, wait for a daily close below the level. Enter at the close of candlestick. The next entry comes on the retest of the trend line if it occurs.
After price closes above trend line, enter at the closing price of the breakout candlestick. Set target (take profit) at the next horizontal support resistance level. Enter after price retests trendline.