How To Correctly Draw TrendlinesWelcome Traders!
In today's trading episode, you will learn how to correctly identify and draw ascending and descending trendlines. Knowing how to identify these lines can set you up for great trade opportunities as shown in this video.
Take time to practice what you learned in today's video.
Until next time, have fun, and trade confident :)
Eurusd-3
How To Correctly Draw Support And Resistance LinesWelcome Traders!
In today's trading episode, you will learn how to identify support and resistance levels on your chart. These are places where the price can do one of three things: hesitate, bounce, or breakout.
Take time to practice what you learned in today's video.
Until next time, have fun, and trade confident :)
How To Confirm An Uptrend Or DowntrendWelcome Traders!
In today's trading episode, you will learn how to identify a confirmed uptrend or downtrend. There are only two elements to define these chart patterns and that's what you'll learn about today.
Take time to practice what you learned in today's video.
Until next time, have fun, and trade confident :)
Pretty Good Oscillator Indicator
In a Downtrend:
Only sell
1. At the end of the overbought area
2. Add when crossing below 0 line
3. Add at the start of Oversold
In an Uptrend:
Only buy
1. At the end of the oversold area
2. Add when crossing above 0 line
3. Add at the start of overbought
Indicator Settings
Period 28
Overbought 2
Oversold -2
Your Capital is at Risk. This is only an educational video.
Pivot Point Strategy
A pivot point is a technical indicator to identify trends and reversals in any market.
Pivot points are calculated to determine critical levels in which the price could find its support and continues in the same direction or change from bullish to bearish, and vice-versa.
We can use Pivot points to find
entry,
stops,
and profit-taking by trying to determine the psychology of the market.
When we are above the pivot point the market is bullish.
In a bullish market if we cross a resistance level the uptrend will continue but if it bounces back we can expect a trend reversal.
When we are below the pivot point the market is bearish.
In a bearish market if we cross a support level the downtrend will continue but if it bounces back we can expect a trend reversal.
EURUSD - Understanding Candle developmentVideo Idea - To show that will Volume and Stochastic price movement and candlestick development can be predicted. (Also hours of practice)
Objective Attempted - Predict candlestick development and where price will move for 10 Min
Objective Observations - Blind, meaning without candles and stochastic difficult, but with those indicators it was easy.
Objective prediction - Bullish movement EURUSD
Objective results - Successfully predict movement til end of video.
Other video to make from this one: Show how to use 3 Dip Stochastic to predict Bullish Price Movement
Let me know if ya'll would like me to do a live stream of price movement prediction!!! Thanks and follow!!
Money Flow Index (MFI)MFI is a momentum indicator.
It measures the flow of money.
Money Flow Indicator incorporates volume. (Remember that RSI only consider the price)
You can change the preset values.
Oversold levels normally set to 20. ( Less than 20, there will be fewer signals and more than 20 you will get more false signals )
Overbought levels happen above 80. ( More than 80, there will be fewer signals and less than 80 you will get more false signals )
Divergences are also important which I will cover in another video.
Why chasing % should be your focus and not pips!Here we look at 3 traders, all claiming to have a winning trade with 100 pips - however, with very different % gains on their accounts.
The main part of trading is profitability, you can not pay your bills with pips.
This explains what you need to focus on and be aware of!
Hope it helps,
Regards
Darren
The Importance of Correlating Assets Hello Traders,
In today's lecture I'm explaining the importance of monitoring correlating assets to help give us early clues about the major asset we're looking to trade.
When trading EURUSD, I like to look at 6 correlating assets. They are as follows:
GBPUSD
DXY
GOLD
SPX
DAX
I hope you find this video to be informative and educational to allow you to add correlating assets as a strategy approach when trade planning.
Always remember to trade safe - trade well.
~Michael Harding
Scalping opportunity on the 1m/3m/5m timeframes .....Those that like to scalp or want to learn can using our strategy.
Its very clear to see how to follow price as shown - also our members can test using our strategy tester and hone in on the settings and parameters even further. However, this video is just showing standard settings.
Either follow price or use the labels for SL and TP targets.
Part close at TP2 and leave TP3 until the reverse signal or SL to entry, could work too.
Lots of different ways to manage the position once you are in - even taking 15 pips a time would have worked a treat.
Regards
Darren
Blue FX
The Famous Setup [ Forex Profitable Pattern ] How to Predict A Trade Setup 12 Hrs in Advance
Here I'd like to present an Idea we like to call The Famous Setup
You will be able to predict which markets will move tomorrow.
You can do this by looking at your charts at the close of the London Session.
And still, be able to know which pair you will trade tomorrow at Frankfurt Open
Forex Weekly Forecast 11th-15th May 2020 (Majors and Minors)Welcome to Profitlio Trading!
What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work.
Take a look on my Weekly Forecast and How I planned my added watchlist for the week ahead! Feel free to drop in your comments right down below and share this with your friends! But still Sketch up your own trade setup before you take off. Good Luck!
Profitlio Trading ( Since 2014 in Financial Markets )
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Traders Disclaimer: Non of our analysis or trade setups being shared here on tradingview is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements.
Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.