Welcome Traders! In today's trading episode, you will learn how to identify a confirmed uptrend or downtrend. There are only two elements to define these chart patterns and that's what you'll learn about today. Take time to practice what you learned in today's video. Until next time, have fun, and trade confident :)
Hello, dear subscribers! Today we are going to discuss a very important topic of the trend trading. The trend channel is the most reliable tool of the trading during the trends. Here is an example of the ascending trend channel. For novice traders it is recommended to execute trades only in the direction of a trend. First of all we should determine the trend...
Hello, dear subscribers! Let's consider the most common bearish sign which can be founded on the market - the bearish Gartley formation. This pattern takes place when there was a huge dump like from point X to point A. After that we have the small bounce from A to B, but the decline continue from B to C. There is a massive growth almost to the the X point level...
So long as your feelings dictate your trading, you will feel as chaotic as the markets.
I think therefore it is.
This was a previous trade.
how to spot uptrend 1) adding a trend line in the chart which works as a support . 2) breaking of downtrend HH : previous high HL : previous low trading uptrend market is simple here HH is acting as a support so take time and add a zone at the higher high and analyze the candle (hammer , pin bar) perfect and at the bounce add some in to portfolio. HL : price...
HOW TO TRADE MARKET STRUCTURE 1) WE CAN SEE THAT USDCAD HAS BEEN IN AN UPTREND MAKING HIGHER HIGHS & HIGH LOWS. THIS IS DISPLAYED WITH THE A-B-C-D MOVEMENTS 2) AT 'C' WE REACHED A KEY RESISTANCE ZONE AT 1.42500 RESULTING IN THE NEXT PHASE OF THE UPTREND TO CREATE A NEW HIGHER LOW AT D 3) AT 'D' USDCAD BEGINS THE NEXT PHASE OF OVERALL UPTREND AND ATTEMPTS TO...
Currently I no longer holding any Rubberex. Just intent to record down my trading plan below for future reference. 1) Observed Rubberex is in up trend based on MA50 above MA200 trend line. 2) Observed VCP formed in Rubberex where the contraction of the price getting smaller. (1st contraction ~30%, 2nd contraction ~38% and 3rd contraction ~9%) 3) Bought Rubberex...
TRADING PULLBACK RULES 1 - Find Daily uptrend with HH's & HL's. 2 - Switch to the 30m Time Frame and Wait for a Pullback against the Uptrend. 3 - Place Fib between last swing high and low levels, prior to the pullback. 4 - Buy Anywhere Between 50% and 61.8% Fib. 5 - Place Stop Loss below Swing Low. 6- Take Profit at break above the previous Swing High.
Bump and Run Trading Strategy – Sell Rules The Bump and Run trading strategy is one of the best reversal trading strategies that you’ll probably ever need to learn. The psychological reason why the Bump and Run reversal is such a powerful pattern is because it takes advantage of the result of excessive speculation. This propels the price too swiftly to the extreme...
Technical Analysis Education: ASX200 (ASX - XJO) Weekly Chart For those of you out there who are new to trading, I like to keep my TA simple and clean. I also like to look at the bigger picture to understand what's happening right now. There can be a lot of confusion when an event such as a market crash happens. We can be reactive and emotional, which is...
Trading Rules 1 - Preceding Uptrend 2 - New Swing High Green Candle 3 - Lower Low Red Candle 4 - Lower High Green Candle 5 - Enter: Break of #3 Low 6 - 1st TP Take measured distance from #2 High to #3 Low 7 - You determine SL & 2nd TP
Just a small lesson on uptrends vs downtrends. We all know Bitcoin can go wild and when that happens all bets are off. But this is typically how trends work out. To reassure yourself check the historical examples. Simple lesson
this is how I identify a reversal or uptrend and trade pullbacks. works best on jpy pairs.
For those that may have issues identifying inverted head n shoulders. You can use the higher time frames to see if the picture is clearer. The lower time frames can give you a lot and make a bad trade setup especially if you are not with the trend or not near significant price. By that I mean if you are not at resistance or support, if you find yourself in the...
how to find a trend or range