Vishal Baliya is Author of the book: The Happy Candles Way to wealth creation. (Available on Amazon in Paperback and Kindle version) Split entries Protect capital and reduces losses: Many times I get the question: What are the best friend of investors? My answer here would be: Stop losses, trailing stop losses and Split entries. We will talk about Stop loss...
We have been told that market is always right and the price of the stock is always indicative of what is happening in the company, it’s balance sheets and its prospects for future. This cannot be true as the price of the stock or an index tends to trend. The trend can be upwards or the trend can be downward as seen in this chart. The trend can also be flat. Now...
#EDU The price has moved in a descending channel since last May. And that channel was broken and the direction changed. Now the landing is expected to retest the new support zone Current price 0.7500 Target 0.5000 Before completing the ascent again For target 1.1000 Please take advantage of support and resistance points
why do most traders fail in #crypto? 1-laziness(looking for the path of least resistance-the holy grail) 2-lack of consistent methodology 3-failure to use prober risk managment 4-psychology
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 indicate more buyers are...
Hello Followers, we are glad to announce that Moving Water is now working on Forex Markets, and will start to deliver new charts. Educational and trading charts will be delivered. This first chart is educational Fibonacci arcs are half circles that extend outward from a line connecting a high and low, called the base line. These arcs intersect the base line...
Let's take a look at a bigger picture of BTC moves. It appears that a long run up must end with a bit of a 'rest'. Normally, it is roughly a 40% (of the size of the run up) reduction or so the past dictates. The past year's events of this nature were circled on the chart. It appears that last year it was also around June. Interestingly this price reduction would...
Old strong resistance turned new support and TL been used as good support also, price is currently sat at both of these so we can only see price movement to the upside. A double setup where 2 things confirm it is a good trade to take cant be ignored, look at it like this.... You are looking for a film to watch ( not a mucky adult 1 ) ;p you come across a film but...
blue arrow marks a 360 pip manipulation spike, these are used by brokers to wipe out peoples trades who have set orders or have SL set around key support or resistance areas, its easy money for the brokers! You can see how much of a key area this price was from our orange arrows pointing out where price entered the box and bounced using it as support, now the...
We are waiting to see if todays candle closes above or below this key resistance level, you can see how strong this level is by where price has previously touched this level and then bounced, But we think price will bounce and make further movement to the downside. You could look at this the same way as buying a house, would you jump in and buy the house straight...
( circled ) here you are in no mas land half way in-between strong support and strong resistance, would you open a trade here? if you said YES then you really are gambling and should go to a casino, just ask yourself why would you throw money away on a trade that could go either way? you may as well put your money on RED or BLACK. You have to be patient and wait...
I'm not going to point out where price touches these lines as it really is simple to see that these levels have been used as both SUPPORT and RESISTANCE, how do people not spot these? Do they constantly walk around with eyes closed? or more likely with heads in phones on dating apps looking for there next sexual transmitted infection ;p It is so simple but yet...
I'm not going to point out where price touches these lines as it really is simple to see that these levels have been used as both SUPPORT and RESISTANCE, how do people not spot these? Do they constantly walk around with eyes closed? or more likely with heads in phones on dating apps looking for there next sexual transmitted infection ;p It is so simple but yet...
Drawn on the chart we have a key monthly support and resistance level ( been used as resistance in this chart ) On the monthly chart this level has been respected and touched the past 4 months... Get the chart up yourself and check you lazy bas#a'rds haha, You can also see this key monthly level has been respected on this chart ( 4H ) Now you can see why it is...