We continue to study with you the simple market entry points. Today I would like to show you a very easy pattern for making money on the movement of the exchange rate - entry after a price rollback. Indicators: MACD 4C with a period of 8, 100. Timeframe: M15 Currency: EURUSD The essence of the idea: the search for entry points after the impulse, at the end of...
Reversal Bars ( Basic) 1. Double Bar Low Higher Close ( DBLHC) 2. Double Bar High Lower Close ( DBHLC) 3. Bearish Outside Bar ( BEOB) 4. Bullish Outside Bar ( BUOB) 5. Pinbar (Bearish/ Bullish)
Reversal Bars ( Basic) 1. Double Bar Low Higher Close ( DBLHC) 2. Double Bar High Lower Close ( DBHLC) 3. Bearish Outside Bar ( BEOB) 4. Bullish Outside Bar ( BUOB) 5. Pinbar (Bearish/ Bullish)
We continue to look for your entry points into the market. I bring to your attention an effective pattern of work in the flat. Traders who work in both directions name a swing - traders. Indicators: CCI with a period of 100, hlc3, levels 100 and -100. Timeframe: H4 Currency: EURUSD The essence of the idea: the search for entry points in the flat, after the...
A trading system is a set of trading strategies for different phases of the market, or one strategy with a complex way to support transactions. Trading strategy is a trader action plan. The structure of the trading system: 1. The choice of a currency pair for work, or several currency pairs. 2. The choice of timeframe for trading, or several. 3. Trading...
This is my strategy based off the Hull Moving Average, created by Alan Hull. www.fidelity.com The HMA is extremely fast and accurate in determining price reversals - I exploit this quality and add the ability to select a granular TimeFrame to use for the HMA calculations (ranging from 1m to 1D). The HMA can be painted on any TimeFrame. When the HMA indicates a...
Elliot Wave Alternation The guideline of alternation states that if wave two of an impulse is a sharp retracement, expect wave four to be a sideways correction, and vice versa. Figure 22 shows the most characteristic breakdowns of impulse waves, both up and down. Sharp corrections never include a new price extreme, i.e., one that lies beyond the orthodox end of...
Hi guys, I wanted to share with you the process I normally go through to analyse the markets. I have broken it down to 4 steps 1. Higher Time Frame 2. Identify Trend 3. Identify Structure 4. Lower Time Frame Setups Hope you have a great week ahead! Good luck and Trade Green!
Hi traders. Whenever you are looking at a technical level, always ask yourself the following: - Am I buying at a potential bargain/wholesale/discount price? (supply or demand zones) - Why is there more likely to be more supply/demand orders at that area? (new traders entering/traders taking profit) - What are the underlying fundamental/sentiment drivers that...
SELF-DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Assess your Trading Journey!! Whether you are new to trading, or you are a veteran everyone needs to constantly improve and developing themselves and their trading. Would you expect to become a brain surgeon after attending a weekend seminar and reading a few books? So why do so many people expect to become market...
EURUSD, Pinbar candle on Daily ! Link www.learntotradethemarket.com
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Majors, Minors & Exotic Currency Pairs | BEN WRIGHT Currency Pairs a) Popularity A currency pair is the structure of the currencies, which are traded in the forex market. According to the latest report of United Nations, there are 180 currencies around the world and the illustrated currencies are the top 8 traded...
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Van Tharp “When you understand what’s involved in winning, as do professional gamblers, you’ll tend to bet more during a winning streak and less during a losing streak. However, the average person does exactly the opposite: he or she bets more after a series of losses and less after a series of wins.” Over the 18 years of...
Reversal strategies suggest that markets tend to revert, i.e. a negative movement will be followed by a positive movement, and vice versa. To examine whether markets tend to be trend revert or trend succeed (i.e. a positive movement is followed by a positive movement and a negative movement also by a negative one), we need to check historical prices for evidence...
I had this on my hard drive, I thought I would wipe the dust of it and write in in a clean manner in a post, helps me think more clearly. I need, and everyone can benefit from (new intermediate advanced legend even), having all of this in their mind: 1) Advice that trading is 95% psychology ===> Throw it in trash container Worse advice I have ever seen, or I...
Hi guys ! This is an other simple chart to explain the correlation between DXY and other pairs. As you know, the best exemple is with EURUSD. When EURUSD goes up, DXY goes down, and when DXY goes up, EURUSD goes down. This is because in the DXY (Dollar Index), there is more than 50 % EURUSD. The U.S. Dollar Index is calculated with this formula: USDX =...
Technical indicator: The MACD What does it represent? The MACD (Moving Average Convergence Divergence) indicator is one of the trend indicators. The MACD corresponds to the difference between two exponential moving averages of different periods (the most common are 12 and 26 days) It is a complementary tool to moving averages that allows you to anticipate...
Discussion Pattern: Wedges, Falling