A helpful suggestion is to wait for a candle to close and ensure that the entry candle surpasses the previous candle's closing price above the moving average pivot line before entering the market for confirmation.
The first step in zone trading is to identify key levels of support and resistance on a chart. Support is the price level at which buying pressure is strong enough to prevent the price from falling further, while resistance is the price level at which selling pressure is strong enough to prevent the price from rising further.Once these levels are identified,...
Counter trend trading is a strategy that involves taking positions in the opposite direction of the prevailing trend. This strategy can be risky because it goes against the momentum of the market and requires careful consideration of market conditions and risk management. Here are some steps that traders can take to counter trend trade:
As a trader you have to keep the process as simple as possible. Trading does not have to be difficult . Follow a plan and make it a point to stick to it. Use the 50 SMA
by analyzing statistics generated by market activity, such as past prices and volume. Technical analysts believe that the market discounts everything and that price movements, rather than fundamentals, are what ultimately drive the market. Technical analysts use charts and other tools to identify patterns and trends that can suggest future activity.
I talked about another way for us as a trading community to read data. There is an option called Renko to help with price action. Try it out and see if it works for you.
We talked about to use a HHLL indicator and the gan box to confirm entries. Patience in key . If the move is not there do not take it. Happy trading investors
