This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful...
Backtest of the rvi indicator on eur/usd for you to look at
At Target One of the Daily Triangle 50% of the position is closed. It would then be logical to assume Price would drop by 50% of the move from Entry. Price did not drop by 50% and instead began to form a new Triangle pattern. Dropping to a lower time frame (4H) we can see the process begin to repeat itself. Targets One and Two for the 4H Triangle are shown below.
Triangles occur during periods of consolidation. They represent indecision in the market as to whether the overall trend will reverse or continue. The direction is confirmed by a candle close above or below the boundaries of the triangle.
Identifying and confirming Trade entry, Stop loss and Target using the Inverted H&S Pattern Use the link to the related idea below, the basic strategy used is the same as described in the H&S tutorial.
Hello Traders! To find out if price is in bullish or bearish global trend a half year ACD should be applied. Only half yearly Initial Balance can do this. Conditions: If weekly price stays primarily BELOW HALF YEARLY OPENING RANGE (INITIAL BALANCE - IB ) AND in-between IB and lower A-PIVOT = BEAR MARKET If weekly price stays primarily ABOVE HALF YEARLY OPENING...
ISP is an Italian bank that has really taken a beating this year. Under all metrics it is a really weak institution. What I wish to demonstrate today is how whales operate and hopefully how to take advantage of it. Before I continue I'd Like to state two Axioms I take with me anytime I chart 1) A body in motion stays in motion unless an external force acts on...