Price bounced perfectly from our confluence support level and reached our target. But how did it happen? Join Desmond as he reviews how we managed to forecast the reversal with such a high degree of accuracy. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party...
Couple of trades for this afternoon. Using the wavesofsuccess wave count methods. Enjoy!
When it comes to investing, many individuals who are not actively investing tend to ponder over what lucrative projects are available when seeing others making profits. However, once they start investing, they all hold a belief that they will profit, which can lead to a problematic attitude when facing losses that differ from their original expectations. Investing...
Trading volatile pairs is like knowing what's in season and not in season. Whats hot and not hot. Who is in and who is out. In this video, I am going to show you what high and low volatile pairs look like and trade examples.
Price is at the 1st high we marked out. Saw a very strong retracement that retested the support area before the bullish push. Expecting some retracement at this high or a consolidation (green box zone). The Trend Meter reads bullish at the moment, just waiting for other confirmations to show a continuation higher. Last Analysis -
FX:EURAUD This is the Old Chart of EurAud, this the example of ranging market, it happened from june to october 2020 ranging market usually find on transition between different trend structure. There are 3 reversal pattern failed before the market change the trend. you must be extra careful in this type of market structure. and this structure can be last for months
Hello guys, in today’s day trading analysis I would like to show you how to trade the P – shaped profile on a nice example that has formed on EUR/AUD. Price Action Analysis If you look at the EUR/AUD (60 Minute chart) then you can see, that last week the price went down, then up, and then there was a rotation. This tells us that the price tested the lower...
Here I'd just like to go over a great buy position on EUR/AUD. We know the pair is in a long term downtrend. This doesn't mean we can't take intraday buys on the pair providing we target sensible levels. Here we are highlighting how a trendline can be utilised as dynamic resistance. The fibonacci level drawn from our 1hr swing low to high shows that our 0.764...
Unidirectional Trade Strategy STEP 1 - The first step to start trading is to choose the right market to trade and the best time of the day to trade. You chose a market and you stick with it until you master it. For the purpose of his unidirectional trade strategy review, we’re going to stick with trading FOREX. Moving forward, we’re going to lay down some rules...
This is the first installment in my second section on Methods I use for finding Support and Resistance. I use a live trade example on FOREXCOM:EURAUD to show how the simple 50% Fibonacci level was all that was needed to find where the price would inflect. While I am aware and have studied the Fibonacci levels I find that just drawing 50% levels is all I need...
Stacey Burkes TSG Podcast Ep. #18 Forex Trading Strategy. US SESSION 3 Hour Window Starting at 8 am EDT Ending at 11 am EDT Step 1 Lowest Bearish Candle Inside US 3 hr window Step 2 Bullish Pin Bar 2nd candle in US window. Step 3 Bullish Engulfing Candle Entered at Candle Close. Step 4 Market Makers Stop Hunt Bearish Pin Bar Confirmation for Long Entry...
These are the rules for a long trade signal: 9-period EMA must be above the 30-periods WMA. The two moving averages need to be apart from each other. The first bar that closes below the 9-EMA will be used as the trigger bar for the buy setup. Place a buy limit order above the high of the trigger bar. Note* the bar that closes below the 9-EMA needs to remain above...
MAYBE IT WILL MAKE A DOUBLE TOP BEFORE THE BIG UP
Rule #1 Define the London Trading Range We’re going to use the range definition that takes into consideration only the body of the candles, excluding the wicks. Note* this trading rule can be adapted as you get more experienced at reading the price action. This strategy works because the Asia trading range tends to attract buy and sell stops above and below the...
Quick analysis of EURAUD, waiting to see which order to take.
Hi all Now Blue FX Trend Strategy V2 is live I wanted to demonstrate this on the charts. EURAUD over March and April presented 16 trades. 10 winners and 6 losing trades. 2:1 Reward to risk - generating a gain of 14% on this one pair alone. Enjoy! Regards Darren