Hi Purpose Traders. In this video, I will be showing you how to set a sell limit and how to move a trade to breakeven. Both of these are vital to being a profitable trader because there may be times you cannot set manual orders due to time or distractions. There will come a time when you in good profit and you don't want to risk giving it back. I pray you find...
As with all great trades, we require a trading plan. This is a perfect example of how to analyse, execute and manage your trade. See linked chart for the initial trade idea. See below for a step by step guide on how we entered this trade and what we looked for. Goodluck and trade safe!
As with all great trades, we require a trading plan. This is a perfect example of how to analyse, execute and manage your trade. See linked chart for the initial trade idea. See below for a step by step guide on how we entered this trade and what we looked for. Goodluck and trade safe!
📚 LEARN MORE 💰 EARN MORE With ForecastCity Ascending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows. It is defined by two lines: . A horizontal resistance line running through peaks. . An uptrend line drawn through the bottoms. The higher lows...
📚 LEARN MORE 💰 EARN MORE With ForecastCity Ascending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows. It is defined by two lines: . A horizontal resistance line running through peaks. . An uptrend line drawn through the bottoms. The higher lows...
Waiting to see a break down below n continue down
Here we have Really good Setup and price also holding Very well 1) we have very big Wick (shadow) Candle this is the alert time in any trade. 2) we have doji which is for reversal (not all the time) but Volume is good 3) we made bullish candle and bouncing from Support support is Solid. so when we find the good Support we are ready to buy the retest as always...
I got nosy, and looked at someone else's post. Since I need my lines to make a decision on that market, I had no idea if it was a tradable market, and in fact I have never traded this market and never will because it's not a USD pair. So I thought it would be fun to look at a market that was completely unfamiliar to me, and show you how I would decide on a trading...
Dears, Please, follow our instructions as mention on the chart. thanks and good luck
AUDCAD – Buyers trending might be proven to highs these days Trend: Strong Buy Support/Resistance: R3: 0.91447 R2: 0.91023 R1: 0.90719 S1: 0.90522 S2: 0.90224 S3: 0.89947 Price action: This case is showing very strong momentum versus lazy sellers. From last week price action was high to 0.912 level, where is going following price if it the price can break and...
AUDCAD – Buyers still holding position Trend: Strong Buy Support/Resistance: R3: 0.91210 R2: 0.91023 R1: 0.90841 S1: 0.90522 S2: 0.90224 Price action: Buyers still holding position. From the last swing, buyers tested seller momentum to get answer from bears. Buyers handle price action above support level at 0.90841. If buyers will be enough strong to push...
EDUCATIONAL PURPOSES: There are several indicators that one can employ during the course of analysis. One common indicator will be the Relative Strength Index. What can you draw from this indicator? Overbought and Oversold signals! However, one can also use this indicator to spot divergences in the price and the relative strength! Above are 3 examples of...
I Will be looking to short from the 0.91000 level or the 3rd trend line touch following bearish confirmations/signals. CONVERSELY If price breaks and retest the TL @ 0.91000 I will go long following a valid retest and bullish confirmation. NO TRADE SHOULD BE TAKEN UNLESS ONE OF THE SCENARIOS ARE MET .... (DISCIPLINE) !!!!!!!
A major mistake traders make is to assume that in order to be profitable you need to use so many tools and it's in fact the opposite. Let's start off with basic support resistance. We know the market moves up, down and side ways. But it never moves straight up or down. As it moves up or down it will meet levels of support and resistance. It's important you...
Bought Aud Cad Earlier on the move up and exited on the retracement. This is looking like a Picture Perfect Inverse Head And Shoulders Pattern. The Plan is to wait until price approaches support and confirm the reversal. You Can Confirm the Reversal In Many Ways including a Moving Average Crossover, Candlestick Analysis, Indicators and more. So lets wait for...
Sorry if Volume too low... Otherwise comment our interest in the indicators.