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Eurusd-3

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.
Education
by apadanaforex
How to use yearly pivotsYearly pivots are among my top favourite tools. Nearly all the major reversals or rallies stop or turn at yearly pivots. You can also use them as targets when you see price is heading or is close to yearly pivot. It will surely hit it. You can observe it for yourself on this EURUSD chart. When price is above yearly pivot target R1 if below target S1. Watch also Yearly Midpivots (they are also very important). It is good to use long term moving averages along with yearly pivots to detect the long term trends. To apply yearly pivots use - choose "pivot points standard" then choose yearly classic, set period to 2 last years, unclick R3 S3 as price rarely makes it those (unless it is a super volatile pair). For mt4 you can download free indicator "yearly pivots". Good Luck!
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by ICFX
How to trade gaps (price inefficiencies)Gaps do exist in forex in the form of price inefficiencies - by Chris Lori definition, the original source and author. ICT, former Chris Lori student renamed them into "price imbalances". Whatever you call them - thin runs, price voids, price imbalances, price inefficiencies, illiquid runs - they will get filled in most cases (if instrument is liquid enough such as GBPUSD, EURUSD, Gold etc) either to the point of release or to the clean breaking point (CBP) (Chris Lori definition, the original source (ICT renamed them into "ICT breakers"). Gap fills are also called "rebalancing of price".
Education
by ICFX
1
WHY DID THE BULLISH CONTINUATION MOVE FAIL?What does "End of Month Square Up" mean. A square position is a situation where a trader or portfolio has no market exposure. ... The reason for this confusion is that the term "squaring up" is used to describe settling open trades before the market closes. A square position is also referred to as a "flat position." Square position, like many trading terms, can take on a different nuance depending on the speaker. For an individual forex trader, a square position can refer to offsetting long and short positions in the same currency pair or a situation where a currency trader holds no positions in the market. The reason for this confusion is that the term "squaring up" is used to describe settling open trades before the market closes. Squaring usually refers to just a few positions, but a trader could close out all of his open positions and get out of the market. The "Market Makers" can use this trading principle as they move the market. E/U had a Bullish Trend which became a consolidated range. Price had a Bearish Breakout of the Range bottom which failed. Price created Higher Highs and Higher Low making it appear a Bullish Continuation move was happening. This drew in long traders leaving behind lots of money tied up in Stop Losses. The Market Makers can tell where the most money is tied up on the Long side or Short Side. It seems to appear that the Market Makers made the Bullish Continuation Reversal fail and took out the Stop Losses at the Higher Low entry point and also the 50% reversal entry point. All of this happening the last few days of the End of the Month of October. Could this be an example of the "END OF MONTH SQUARE UP?"
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by Tradingstrategyguides
Where would you enter?A channel is one of the most basic price action patterns The channel is a powerful yet often overlooked chart pattern and combines several forms of technical analysis to provide traders with potential points for entering and exiting trades, as well as controlling risk. The first step is to learn how to identify channels. The next steps include determining where and when to enter a trade, where to place stop-loss orders, and where to take profits. $$$$$$$ Trading channels can be drawn on charts to help see uptrends and downtrends in a stock, commodity, ETF , or forex pair. Traders also use channels to identify potential buy and sell points, as well as set price targets and stop-loss points. Ascending channels angle up during uptrends and descending channels slope downward in downtrends. Other technical indicators, such as volume , can enhance the signals generated from trading channels. How long the channel has lasted will help determine the trend's underlying strength.
OANDA:XAUUSDEducation
by Saeed966
12
Waiting to Enter on a Channel BreakHello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** * Once I have this structure in place, finding the trend becomes relatively easy. When the pair is trending lower, I only want to look for selling opportunities. Of course, the opposite is true when the pair begins trending higher. Enter in the Direction of the Trend At this point, you have identified the major trend and found a favorable corrective pattern such as a channel or a wedge. The next step is to look for an entry once price breaks the pattern.
BITSTAMP:BTCUSDEducation
by Saeed966
6
Ascending Triangle Definition and TacticsHello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** * The trendlines of a triangle need to run along at least two swing highs and two swing lows. * Ascending triangles are considered a continuation pattern, as the price will typically breakout of the triangle in the price direction prevailing before the triangle. Although, this won't always occur. A breakout in any direction is noteworthy. * A long trade is taken if the price breaks above the top of the pattern. * A short trade is taken if the price breaks below the lower trendline. * A stop loss is typically placed just outside the pattern on the opposite side from the breakout. * A profit target is calculated by taking the height of the triangle, at its thickest point, and adding or subtracting that to/from the breakout point. Thank you
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by Saeed966
5
EURUSD - ending diagonal educational postA channel forms when price action is controlled by 2 parallel, sloping lines ... Conservative traders may look for additional confirmation before entering a trade. The main rules for an ending diagonal This pattern subdivides into five waves. Wave 2 never ends beyond the starting point of wave 1. Wave 3 always breaks the ending point of wave 1. Wave 4 usually breaks beyond the ending point of wave 1. Wave 5 in the absolute majority of cases breaks the ending point of wave 3. Wave 3 can't be the shortest. Wave 2 can't be a triangle or a triple three structure. Waves 1, 3 and 5 form like zigzags.
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by NiccoFx
1
The difference - Double Top & Head and ShouldersHello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** What Is Double Top and Bottom? Double top and bottom patterns are chart patterns that occur when the underlying investment moves in a similar pattern to the letter "W" (double bottom) or "M" (double top). Double top and bottom analysis is used in technical analysis to explain movements in a security or other investment, and can be used as part of a trading strategy to exploit recurring patterns. $$$ What Is a Head And Shoulders Pattern? A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
BITSTAMP:BTCUSDEducation
by Saeed966
8
Risk management in trading €$¥Hello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** What is market risk? Market risk is the capacity for your trades to result in losses due to unfavourable price movements that affect the market as a whole. There are several factors that can cause market risk, but movement in any of the following can exert major pressure: Stock prices Interest rates Foreign exchange rates Commodity prices What is liquidity risk? Liquidity risk is the possibility that you may be forced to trade an asset at a worse price than you anticipated. For example, when trying to sell an illiquid stock you may struggle to find a buyer, meaning that you have to sell your stock for less than its current market value. In some markets, liquidity risk can even mean that your trade negatively affects the price of the asset you are buying or selling. This is generally more of an issue in emerging or low-volume markets, where there may not be enough people in the market to trade with. How to manage your risk Risk management is the process of identifying, analysing and reducing risk in your trading decisions. Usually, it involves developing a trading plan that helps you decide what to trade, when to trade and where to place your stop losses. Here are three tips on how to manage risk: 1. Assess risk vs return In general, trading strategies focus on weighing up a trade’s potential risk against its potential return. If a trade has greater risk, it should carry the chance of a greater return to make that risk worthwhile. For example, government bonds are considered a safe, low-risk investment – but when compared to corporate bonds, they offer lower rates of return. This is because the risk of investing in a corporate bond is higher, so to compensate for the added risk investors are offered a higher rate of return. 2. Understand each market’s risks It’s important to ensure you understand the factors that influence different markets, so you can base your dealing strategies on relevant information. Improve your success rate by learning more about the markets you’re dealing on and exploring new strategies. Our trading skills section is a great place to learn about all the markets we offer. 3. Keep learning Learning to trade successfully while managing your risk is a continual process – and one of the best ways of ensuring that you are always improving is by starting a trading diary. By keeping track of which trades and strategies have worked in the past, you can build on your successes and learn from your failures.
OANDA:XAUUSDEducation
by Saeed966
6
Head and shoulders typesHello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** The head and shoulders chart pattern is a popular and easy to spot pattern in technical analysis that shows a baseline with three peaks, the middle peak being the highest. The head and shoulders chart depicts a bullish-to-bearish trend reversal and signals that an upward trend is nearing its end. The pattern appears on all time frames and can, therefore, be used by all types of traders and investors. Entry levels, stop levels and price targets make the formation easy to implement, as the chart pattern provides important and easy to see levels.
Education
by Saeed966
8
Classic graphicsHello Please support this idea with LIKE if you find it useful. Classic technical analysis is one of the best analyzes for finding a buy or sell opportunity So I drew some of the most common technical drawings used in the analysis. ***** 1 ) What Is a Head And Shoulders Pattern? A head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end. * A head and shoulders pattern is a technical indicator with a chart pattern described by three peaks, the outside two are close in height and the middle is highest. * A head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. * The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. 2 ) What is Inverse Head And Shoulders? An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs. 3-4 ) What is a Sideways Trend? A sideways trend is the horizontal price movement that occurs when the forces of supply and demand are nearly equal. This typically occurs during a period of consolidation before the price continues a prior trend or reverses into a new trend. A sideways price trend is also commonly known as a "horizontal trend." * A sideways trend is the horizontal price movement of a stock between resistance and support levels that occurs when the forces of supply and demand are balanced. * Traders can profit from sideways trends in several ways, from looking for confirmations of a breakout or breakdown to using stock options to placing stop-loss orders when the price nears resistance levels. 4 ) What is a Descending Triangle? A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. Oftentimes, traders watch for a move below the lower support trend line because it suggests that the downward momentum is building and a breakdown is imminent. Once the breakdown occurs, traders enter into short positions and aggressively help push the price of the asset even lower. 4-5 ) What is an Ascending Triangle? An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns. The breakout can occur to the upside or downside. Ascending triangles are often called continuation patterns since the price will typically breakout in the same direction as the trend that was in place just prior to the triangle forming. 7 ) What is a Descending Channel? A descending channel is drawn by connecting the lower highs and lower lows of a security's price with parallel trendlines to show a downward trend. Officially, the space between the trendlines is the descending channel, which falls under the broad category of trend channels. 8 ) What Is Rising (Or) Ascending Channel Chart Pattern? As you can notice the rising channel pattern moves upwards, it is also called as Bullish Channel pattern. It comprises of two lines parallel to each other with points shaping higher highs and higher lows therefore consequential in bullish channel or upside channel. The price is limited between the two trend lines. 9 ) Support and resistance role reversal A key concept of technical analysis is that when a resistance or support level is broken, its role is reversed. If the price falls below a support level, that level will become resistance. If the price rises above a resistance level, it will often become support. As the price moves past a level of support or resistance, it is thought that supply and demand has shifted, causing the breached level to reverse its role.
Education
by Saeed966
44